Friday, July 8, 2016

Economic News , Data & Views ...... July 8 , 2016...... Quick Hits 1. Markets : Non Farm Payrolls And Employment Reports Provides Surprises ; 30 Year US Bond Hits AllTime Low , While S&P 500 Just Below All Time High - New Normal Markets ; VIX Index Falls 49 % Since Post Brexit High of 25.76- Another Example Of New Normal Markets ; US Yields Curve Keeps Flattening : And More Market Moving Items To Consider. 2. UK Politics & Post Brexit Results News. 3. Dallas Shooting of Police Officers At BLM Event - Most Police Officers Killed Since 9-11. 4. Odds & Ends.


Actual employment data vs expectations ..

US Yield Curve ends the week at a new expansion low, 75 bps to inversion.

Volatility Index: -49% since the post-Brexit closing high of 25.76, the largest 2-week Vol crash in history.

Chart: New record low for the long bond; below 2.1% -

US 30-yr yield hit an all-time low today while the S&P 500 (total return) hit an all-time high. Just another day.

S&P: 497 stocks closed higher today, tied for 2nd place all-time.

CFTC shows COMEX gold & silver net longs hit record high, WTI crude futures net longs cut to lowest since March

US Baker Hughes Rig Count 440 (prev. 431); Oil Rigs 351 (prev. 341), Gas Rigs: 88 (prev. 89)

Rig count rises most in a year..

UK Politics / Post Brexit News....

Schengen, the costs of re-establishing border controls and restricting FoM

US Banks not pulling up stakes..

Trade talks with India start..

Much better address than Farage address..

Checking May on immigration. ..

This arrogant failure by the government to plan for Brexit has created weeks of avoidable uncertainty & market turbulence

Denmark and Norway want the EU to offer Britain generous exit terms. Germany, France, Sweden and Finland don't:

42 Tory MPs are calling for the leadership contest to be accelerated due to the "exceptional post-Brexit times".


Note - news flow changes as an incident unfolds in real time...

The family of released a statement re: .

Blue Lives certainly matter. Shootings condemned by organizer of the protest in Dallas.

FBI Issues Alert in Louisiana: Violence Against Law Enforcement Officers, Riots via

Alert warns that “multiple groups are calling for or planning riots and/or violence against law enforcement in Baton Rouge and Shreveport

Louisiana beginning Friday July 8 2016 and continuing through at least July 10, 2016. 2

Boston police issues warning about possible threats to officers

WATCH: Protests growing larger in Atlanta, police blocking

: Massive Protest Going On Right Now, Closing Major Freeways Troughout The City. COVERAGE Continues..

Obama:I order that flag of the US shall be flown at half-staff at the White House & upon all public buildings & grounds until sunset July 12

'Vague threat' made against Orlando Police Department, chief says

Dallas shooter killed by police , identified as former US Army veteran Micah Johnson.

Dallas police chief: we used a robot to detonate a bomb next to the suspect, killing him. He did NOT shoot himself.

This seems a pretty current and accurate status

Dallas Chief: 4 people working together with rifles, triangulated in positions for attack.

Just documenting footage...


The snipers appear to have acquired a level of training from somewhere , that's beyond capabilities of amateurs.

We still don’t have a complete comfort level that we have all the suspects,” Chief Brown said.

Horrible news-anyone thinking this helps is dangerously misguided.Keep the families of the officers in your prayers

Odds & Ends.....

Powerful statement from French Trade Minister regarding Barroso.

Bomb explosion on a Taiwan train. WTF is breaking out all around the globe ??

35 killed in deadly attack on Shiite shrine north of Baghdad as Abadi sacks security chief

Financial & political crisis for Italy on display..