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Market Overview

US Pending Homes Sales Climb To Nine-Month High
By ICN.com  - Jun 30, 2015

Sales of previously owned homes in the United States climbed to the highest level in nine months last month, providing additional clues that the housing market is recovering.Pending home sales soared ...

Chris Vermeulen
The Die Is Cast
By Chris Vermeulen - Jun 30, 2015

Since the October rally ended, the SPX formed what looked like an "extended distribution phase" in the form of a rounding top. This is even more apparent on the Dow Jones Composite Index. Early June, ...

Jack Steiman
Greece Rocks Us Lower...
By Jack Steiman - Jun 30, 2015

The news over the weekend was bad regarding any possibility of a settlement with Greece, thus the markets in the Euro zone were getting hammered when trading opened up last night. We followed along ...

Marc Chandler
Euro, Dollar And Greece
By Marc Chandler - Jun 30, 2015

After gapping lower in Asia, the euro was gradually recovering, and later in the North American session, it picked up momentum and traded around $1.1280 from near $1.0950 earlier in Asia.It is ...

Ed Yardeni
Braking And Accelerating In China
By Ed Yardeni - Jun 30, 2015

The Chinese have a very high savings rate, widely estimated to be 40%-50% of their income. A rough proxy for the amount of saving is M2, which rose to a record $21 trillion during May. It is up $2 ...

Max Ganik
Looking Towards A Volatile 2nd Half
By Max Ganik - Jun 30, 2015

As we head into July, the market is at a turning point. One has to wonder if this is the start of a bigger market correction. As of now the S&P 500 is exactly flat on the year, after being up more...

David Kotok
Barry Bannister On Greece
By David Kotok - Jun 29, 2015

A sharp note this morning by Barry Bannister (STIFEL) is worth sharing. We thank Barry for giving us permission. Despite all this posturing over Greece and “Grexit” risk, I doubt Greece ...