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The Wall Street Greek blog is the sexy & syndicated financial securities markets publication of former Senior Equity Analyst Markos N. Kaminis. Our stock market blog reaches reputable publishers & private networks and is an unbiased, independent Wall Street research resource on the economy, stocks, gold & currency, energy & oil, real estate and more. Wall Street & Greece should be as honest, dependable and passionate as The Greek.



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Seeking Alpha

Tuesday, June 21, 2016

Stocks will Soar

early bird special
At the start of the month I suggested investors protect wealth due to “the many perils of June.” We have seen volatility since, but a couple important changes in underlying factors call for a change in sentiment now. Even so, the early gains we are seeing today could very well give way again this week, opening up another opportunity to buy on the dip ahead of what I have always expected and suggested would be a “remain” vote in the U.K. referendum. See the whole story at Stocks will Soar to New High.

Stocks

Security Sector
06-20-16
SPDR S&P 500 (NYSE: SPY)
+1.1%
SPDR Dow Jones (NYSE: DIA)
+1.1%
PowerShares QQQ (Nasdaq: QQQ)
+1.3%
iShares Russell 2000 (NYSE: IWM)
+1.8%
Vanguard Total Stock Market (NYSE: VTI)
+1.1%
Financial Select Sector SPDR (NYSE: XLF)
+1.0%
Technology Select Sector SPDR (Nasdaq: XLK)
+1.0%
Energy Select Sector SPDR (NYSE: XLE)
+1.3%
Health Care Select Sector SPDR (NYSE: XLV)
+1.0%
Consumer Discretionary Select Sector SPDR (NYSE:  XLY)
+1.3%
Consumer Staples Select Sector SPDR (NYSE: XLP)
+0.5%
Utilities Select Sector SPDR (NYSE: XLU)
-0.3%
Materials Select Sector SPDR (NYSE: XLB)
+1.1%
Industrial Select Sector SPDR (NYSE: XLI)
+1.3%
iPath S&P 500 VIX ST Futures (NYSE: VXX)
-8.8%
SPDR Gold Trust (NYSE: GLD)
-0.7%
United States Oil (NYSE: USO)
+2.0%
PowerShares DB US Dollar Bullish (NYSE: UUP)
-0.6%

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article should interest investors in SPDR Dow Jones Industrial Average (NYSE: DIA), SPDR S&P 500 (NYSE: SPY), PowerShares QQQ Trust (Nasdaq: QQQ), ProShares Short Dow 30 (NYSE: DOG), ProShares Ultra Short S&P 500 (NYSE: SDS), ProShares Ultra QQQ (NYSE: QLD), NYSE Euronext (NYSE: NYX), The NASDAQ OMX Group (Nasdaq: NDAQ), Intercontinental Exchange (NYSE: ICE), E*Trade Financial (Nasdaq: ETFC), Charles Schwab (Nasdaq: SCHW), Asset Acceptance Capital (Nasdaq: AACC), Affiliated Managers (NYSE: AMG), Ameriprise Financial (NYSE: AMP), TD Ameritrade (Nasdaq: AMTD), BGC Partners (Nasdaq: BGCP), Bank of New York Mellon (NYSE: BK), BlackRock (NYSE: BLK), CIT Group (NYSE: CIT), Calamos Asset Management (Nasdaq: CLMS), CME Group (NYSE: CME), Cohn & Steers (NYSE: CNS), Cowen Group (Nasdaq: COWN), Diamond Hill Investment (Nasdaq: DHIL), Dollar Financial (Nasdaq: DLLR), Duff & Phelps (Nasdaq: DUF), Encore Capital (Nasdaq: ECPG), Edelman Financial (Nasdaq: EF), Equifax (NYSE: EFX), Epoch (Nasdaq: EPHC), Evercore Partners (NYSE: EVR), EXCorp. (Nasdaq: EZPW), FBR Capital Markets (Nasdaq: FBCM), First Cash Financial (Nasdaq: FCFS), Federated Investors (NYSE: FII), First Marblehead (NYSE: FMD), Fidelity National Financial (NYSE: FNF), Financial Engines (Nasdaq: FNGN), FXCM (Nasdaq: FXCM), Gamco Investors (NYSE: GBL), GAIN Capital (Nasdaq: GCAP), Green Dot (Nasdaq: GDOT), GFI Group (Nasdaq: GFIG), Greenhill (NYSE: GHL), Gleacher (Nasdaq: GLCH), Goldman Sachs (NYSE: GS), Interactive Brokers (Nasdaq: IBKR), INTL FCStone (Nasdaq: INTL), Intersections (Nasdaq: INTX), Investment Technology (NYSE: ITG), Invesco (NYSE: IVZ), Jefferies (NYSE: JEF), JMP Group (NYSE: JMP), Janus Capital (NYSE: JNS), KBW (NYSE: KBW), Knight Capital (NYSE: KCG), Lazard (NYSE: LAZ), Legg Mason (NYSE: LM), LPL Investment (Nasdaq: LPLA), Ladenburg Thalmann (AMEX: LTS), Mastercard (NYSE: MA), Moody’s (NYSE: MCO), MF Global (NYSE: MF), Moneygram (NYSE: MGI), MarketAxess (Nasdaq: MKTX), Marlin Business Services (Nasdaq: MRLN), Morgan Stanley (NYSE: MS), MSCI (Nasdaq: MSCI), MGIC Investment (NYSE: MTG), NewStar Financial (Nasdaq: NEWS), National Financial Partners (NYSE: NFP), Nelnet (NYSE: NNI), Northern Trust (Nasdaq: NTRS), NetSpend (Nasdaq: NTSP), Ocwen Financial (NYSE: OCN), Oppenheimer (NYSE: OPY), optionsXpress (Nasdaq: OXPS), PICO (Nasdaq: PICO), Piper Jaffray (NYSE: PJC), PMI Group (NYSE: PMI), Penson Worldwide (Nasdaq: PNSN), Portfolio Recovery (Nasdaq: PRAA), Raymond James (NYSE: RJF), SEI Investments (Nasdaq: SEIC), Stifel Financial (NYSE: SF), Safeguard Scientifics (NYSE: SFE), State Street (NYSE: STT), SWS (NYSE: SWS), T. Rowe Price (Nasdaq: TROW), Visa (NYSE: V) and Virtus Investment Partners (Nasdaq: VRTS).

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Monday, June 20, 2016

Don’t Blame the Player, Blame the Game

SPY Chart June Fed Meeting

The Federal Reserve’s Federal Open Market Committee (FOMC) met last week and issued new monetary policy Wednesday afternoon. Judging by the market’s initial reaction and criticism, I get the feeling many of the expert pundits and reporters haven’t actually read the Fed’s comments carefully or fully understood the Fed’s message. It’s quite unfortunate, but it made for opportunity, and continues to do so. In this report, I review what the Fed really conveyed to us, versus what you’ve been led to believe by pundits, reporters and the market’s initial reaction. And I lay out my expectations for the Fed moving forward. See this full report at Don't Hate the Player, Hate the Game.

I called the market pivot before it happened on Friday:




Security Sector
06-17-16 AM Trade
SPDR S&P 500 (NYSE: SPY)
-0.2%
SPDR Dow Jones (NYSE: DIA)
-0.1%
PowerShares QQQ (Nasdaq: QQQ)
-1.1%
iShares Russell 2000 (NYSE: IWM)
+0.1%
Vanguard Total Stock Market (NYSE: VTI)
-0.1%
Financial Select Sector SPDR (NYSE: XLF)
+0.4%
Technology Select Sector SPDR (Nasdaq: XLK)
-0.7%
Energy Select Sector SPDR (NYSE: XLE)
+1.0%
Health Care Select Sector SPDR (NYSE: XLV)
-0.8%
Consumer Discretionary Select Sector SPDR (NYSE:  XLY)
+0.2%
Consumer Staples Select Sector SPDR (NYSE: XLP)
-0.7%
Utilities Select Sector SPDR (NYSE: XLU)
+0.2%
Materials Select Sector SPDR (NYSE: XLB)
+0.4%
Industrial Select Sector SPDR (NYSE: XLI)
+0.3%
iPath S&P 500 VIX ST Futures (NYSE: VXX)
-1.1%
SPDR Gold Trust (NYSE: GLD)
+0.9%
United States Oil (NYSE: USO)
+2.8%
PowerShares DB US Dollar Bullish (NYSE: UUP)
-0.5%
Widely Held Stock Apple (Nasdaq: AAPL)
-1.9%
General Electric (NYSE: GE)
+0.1%

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article should interest investors in Savings & Loan stocks including Alaska Pacific Bankshares (OTC: AKPB.OB), Allied First Bancorp (OTC: AFBA.OB), Astoria Financial (NYSE: AF), AMB Financial (OTC: AMFC.OB), Ameriana Bancorp (NasdaqCM: ASBI), Anchor Bancorp Wisconsin (Nasdaq: ABCW), Bancorp of New Jersey (AMEX: BKJ), Bank Mutual (Nasdaq: BKMU), BankAtlantic (NYSE: BBX), BankFinancial (Nasdaq: BFIN), Banner (Nasdaq: BANR), BCSB Bancorp (Nasdaq: BCSB), Beacon Federal (Nasdaq: BFED), Berkshire Hills (Nasdaq: BHLB), Blackhawk Bancorp (OTC: BHWB.OB), Blue River Bancshares (OTC: BRBI.OB), Bofi (Nasdaq: BOFI), Broadway Financial (Nasdaq: BYFC), Brookline (Nasdaq: BRKL), Brooklyn Federal (Nasdaq: BFSB), Camco Financial (Nasdaq: CAFI), Capitol Federal (Nasdaq: CFFN), Carver (Nasdaq: CARV), Cecil Bancorp (OTC: CECB.OB), Center Financial (Nasdaq: CLFC), Central Federal (Nasdaq: CFBK), Chicopee (Nasdaq: CBNK), Citizens South (Nasdaq: CSBC), CKF Bancorp (OTC: CKFB.OB), Clarkston Financial (OTC: CKFC.OB), Clifton Savings (Nasdaq: CSBK), Close Brothers (OTC: CBGPY.PK), Columbia Banking (Nasdaq: COLB), Consumers (OTC: CBKM.OB), Dime Community (Nasdaq: DCOM), Enterprise (Nasdaq: EBTC), ESB Financial (Nasdaq: ESBF), ESSA Bancorp (Nasdaq: ESSA), Eureka Financial (OTC: EKFC.OB), FedFirst Fin’l (Nasdaq: FFCO), FFD Fin’l (Nasdaq: FFDF), FFW (OTC: FFWC.OB), First Bancorp of Indiana (OTC: FBPI.OB), First Bancshares (Nasdaq: FBSI), First Capital (Nasdaq: FCAP), First Clover Leaf (Nasdaq: FCLF), First Defiance (Nasdaq: FDEF), First Federal Bancshares of Arkansas (Nasdaq: FFBH), First Financial Holdings (Nasdaq: FFCH), First Independence (OTC: FFSL.OB), First Investors Fin’l Services (OTC: FIFS.PK), First Niagara (Nasdaq: FNFG), First Robinson (OTC: FRFC.OB), First Security Group (Nasdaq: FSGID), First South (Nasdaq: FSBK), Flagstar (NYSE: FBC), Flatbush Federal (OTC: FLTB.OB), Flushing Financial (Nasdaq: FFIC), Greene County (Nasdaq: GCBC), HF Financial (Nasdaq: HFFC), HMN Fin’l (Nasdaq: HMNF), Home Bancorp (Nasdaq: HBCP), Home Federal (Nasdaq: HOME), HopFed (Nasdaq: HFBC), Hudson City (Nasdaq: HCBK), Indiana Community (Nasdaq: INCB), Investors Bancorp (Nasdaq: ISBC), Jacksonville Bancorp (Nasdaq: JXSB), Jefferson Bancshares (Nasdaq: JFBI), Kaiser Federal (Nasdaq: KFFG), Kearny Fin’l (Nasdaq: KRNY), Kentucky First Federal (Nasdaq: KFFB), Lake Shore Bancorp (Nasdaq: LSBK), Louisiana Bancorp (Nasdaq: LABC), LSB Fin’l (Nasdaq: LSBI), Malvern Federal (Nasdaq: MLVF), Meridian Interstate (Nasdaq: EBSB), Meta Fin’l (Nasdaq: CASH), NASB Fin’l (Nasdaq: NASB), Naugatuck Valley (Nasdaq: NVSL), New England Bancshares (Nasdaq: NEBS), New Hampshire Thrift (Nasdaq: NHTB), New York Community (NYSE: NYB), North Central Bancshares (Nasdaq: FFFD), Northeast Community (Nasdaq: NECB), Northwest Bancshares (Nasdaq: NWBI), OceanFirst (Nasdaq: OCFC), Ocwen (NYSE: OCN), Oneida (Nasdaq: ONFC), Park Bancorp (Nasdaq: PFED), Parkvale Fin’l (Nasdaq: PVSA), Pathfinder Bancorp (Nasdaq: PBHC), People’s United (Nasdaq: PBCT), Provident Community (Nasdaq: PCBS), Provident Fin’l (Nasdaq: PROV), Provident Fin’l Services (NYSE: PFS), Provident New York (Nasdaq: PBNY), Prudential Bancorp of PA (Nasdaq: PBIP), PSB Holding (Nasdaq: PSBH), Pulaski Fin’l (Nasdaq: PULB), PVF Capital (Nasdaq: PVFC), QC Holding (Nasdaq: QCCO), River Valley Bancorp (Nasdaq: RIVR), Riverview Bancorp (Nasdaq: RVSB), Roma Fin’l (Nasdaq: ROMA), Salisbury Bancorp (AMEX: SAL), SI Financial (Nasdaq: SIFI), Southern Missouri (Nasdaq: SMBC), Sterling Fin’l (Nasdaq: STSA), Teche Holding (AMEX: TSH), TF Fin’l (Nasdaq: THRD), Timberland Bancorp (Nasdaq: TSBK), United Community (Nasdaq: UCBA), United Community Fin’l (Nasdaq: UCFC), United Fin’l Bancorp (Nasdaq: UBNK), Valley Fin’l (Nasdaq: VYFC), Washington Federal (Nasdaq: WFSL), Waterstone Fin’l (Nasdaq: WSBF), Wayne Savings (Nasdaq: WAYN), WSB Holdings (Nasdaq: WSB) and WVS Financial (Nasdaq: WVFC).

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Thursday, June 16, 2016

Brexit Vote Delayed – Murder of Jo Cox a Cause for Introspection

UK British MP killed Jo Cox
Jo Cox’s murder in a politically charged environment is a cause for introspection for the United Kingdom. When political matters are abused by ambitious politicians who seek to lever the issue for publicity to their own selfish benefit, they often lead emotionally charged citizens to extreme actions, including murder. The death of a young woman serving as a representative of her country is unwarranted where voters will decide the matter. Yet, it happened, and now the opposing campaigns are calling off their efforts for at least Thursday and likely through the funeral. However, I think there’s a good chance U.K. Prime Minister Cameron will recognize the need for everyone to put things into perspective. While the destiny of the great nation is obviously hugely important, it’s not worth civil war, and so the rhetoric needs to come down a notch. And, perhaps for the good of the nation, the so-called Brexit vote itself needs to be delayed. It would prove meaningful for England and markets globally, but it will not bring Jo Cox back.

Markos Kaminis
Our founder earned clients a 23% average annual return over five years as a stock analyst on Wall Street. "The Greek" has written for institutional newsletters, Businessweek, Real Money, Seeking Alpha and others, while also appearing across TV and radio. While writing for Wall Street Greek, Mr. Kaminis presciently warned of the financial crisis.

Brexit Vote Delay

The U.K. referendum to decide whether to remain or to leave the European Union has divided the Kingdom in two. The citizenry is so evenly divided that global financial markets are fluctuating like the ocean does between two opposing storms. Uber-investors like George Soros have issued all-out warnings and have gone to gold, driving up the price of mankind’s default currency substantially. Meanwhile, the values of the British pound and the euro have tumbled against other currencies due to the unknown fallout risk from the possible breakup. But then on Thursday, something happened that felt like a slap to the face of the entire civilized world.

Jo Cox, a young and vibrant MP for the opposing Labor Party, not to mention a mother of two, was shot by a 52 year-old man. Why? She died of her wounds within minutes of the tragic national wake up call. Now, today, the British are rethinking just how important this supposed critical vote really is. Is it worth killing one another over?

As a result of the murder, and announcements by the two campaigns that each would suspend their activities today and likely tomorrow, currencies, commodities and equities all reversed course sharply. It was a sign of how important a move would occur if Brexit were voted down, and it was also a sign of what might occur if the U.K. referendum is delayed. Stocks and oil will rip higher and gold will collapse.

It is now squarely on the shoulders of the leaders of the nation to call for national introspection. I hope to see Prime Minister Cameron address his nation with this somber tone and message, because the political fervor of the Brexit campaign is as guilty as the man who pulled the trigger for that poor young lady’s death. Every Britain, and every American now engaged in similarly polarizing rhetoric, should search their hearts now and apologize to one another for the division they allowed to flourish. May her memory be eternal and the lesson of her death be never forgotten.

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article should interest investors in SPDR Dow Jones Industrial Average (NYSE: DIA), SPDR S&P 500 (NYSE: SPY), PowerShares QQQ Trust (Nasdaq: QQQ), ProShares Short Dow 30 (NYSE: DOG), ProShares Ultra Short S&P 500 (NYSE: SDS), ProShares Ultra QQQ (NYSE: QLD), NYSE Euronext (NYSE: NYX), The NASDAQ OMX Group (Nasdaq: NDAQ), Intercontinental Exchange (NYSE: ICE), E*Trade Financial (Nasdaq: ETFC), Charles Schwab (Nasdaq: SCHW), Asset Acceptance Capital (Nasdaq: AACC), Affiliated Managers (NYSE: AMG), Ameriprise Financial (NYSE: AMP), TD Ameritrade (Nasdaq: AMTD), BGC Partners (Nasdaq: BGCP), Bank of New York Mellon (NYSE: BK), BlackRock (NYSE: BLK), CIT Group (NYSE: CIT), Calamos Asset Management (Nasdaq: CLMS), CME Group (NYSE: CME), Cohn & Steers (NYSE: CNS), Cowen Group (Nasdaq: COWN), Diamond Hill Investment (Nasdaq: DHIL), Dollar Financial (Nasdaq: DLLR), Duff & Phelps (Nasdaq: DUF), Encore Capital (Nasdaq: ECPG), Edelman Financial (Nasdaq: EF), Equifax (NYSE: EFX), Epoch (Nasdaq: EPHC), Evercore Partners (NYSE: EVR), EXCorp. (Nasdaq: EZPW), FBR Capital Markets (Nasdaq: FBCM), First Cash Financial (Nasdaq: FCFS), Federated Investors (NYSE: FII), First Marblehead (NYSE: FMD), Fidelity National Financial (NYSE: FNF), Financial Engines (Nasdaq: FNGN), FXCM (Nasdaq: FXCM), Gamco Investors (NYSE: GBL), GAIN Capital (Nasdaq: GCAP), Green Dot (Nasdaq: GDOT), GFI Group (Nasdaq: GFIG), Greenhill (NYSE: GHL), Gleacher (Nasdaq: GLCH), Goldman Sachs (NYSE: GS), Interactive Brokers (Nasdaq: IBKR), INTL FCStone (Nasdaq: INTL), Intersections (Nasdaq: INTX), Investment Technology (NYSE: ITG), Invesco (NYSE: IVZ), Jefferies (NYSE: JEF), JMP Group (NYSE: JMP), Janus Capital (NYSE: JNS), KBW (NYSE: KBW), Knight Capital (NYSE: KCG), Lazard (NYSE: LAZ), Legg Mason (NYSE: LM), LPL Investment (Nasdaq: LPLA), Ladenburg Thalmann (AMEX: LTS), Mastercard (NYSE: MA), Moody’s (NYSE: MCO), MF Global (NYSE: MF), Moneygram (NYSE: MGI), MarketAxess (Nasdaq: MKTX), Marlin Business Services (Nasdaq: MRLN), Morgan Stanley (NYSE: MS), MSCI (Nasdaq: MSCI), MGIC Investment (NYSE: MTG), NewStar Financial (Nasdaq: NEWS), National Financial Partners (NYSE: NFP), Nelnet (NYSE: NNI), Northern Trust (Nasdaq: NTRS), NetSpend (Nasdaq: NTSP), Ocwen Financial (NYSE: OCN), Oppenheimer (NYSE: OPY), optionsXpress (Nasdaq: OXPS), PICO (Nasdaq: PICO), Piper Jaffray (NYSE: PJC), PMI Group (NYSE: PMI), Penson Worldwide (Nasdaq: PNSN), Portfolio Recovery (Nasdaq: PRAA), Raymond James (NYSE: RJF), SEI Investments (Nasdaq: SEIC), Stifel Financial (NYSE: SF), Safeguard Scientifics (NYSE: SFE), State Street (NYSE: STT), SWS (NYSE: SWS), T. Rowe Price (Nasdaq: TROW), Visa (NYSE: V) and Virtus Investment Partners (Nasdaq: VRTS). Article should interest investors in precious metals stocks: Goldcorp (NYSE: GG), Agnico-Eagle Mines (NYSE: AEM), Allied Nevada Gold (AMEX: ANV), AngloGold Ashanti (NYSE: AU), AuRico Gold (NYSE: AUQ), Aurizon Mines (AMEX: AZK), Barrick Gold (NYSE: ABX), Brigus Gold (AMEX: BRD), Charles & Covard (Nasdaq: CTHR), Claude Resources (AMEX: CGR), Commerce Group (OTC: CGCO.PK), Compania Mina Buenaventura S.A. (NYSE: BVN), DRDGOLD (Nasdaq: DROOY), Eldorado Gold (NYSE: EGO), Entrée Gold (AMEX: EGI), Exeter Resource (AMEX: XRA), Gold Fields (NYSE: GFI), Gold Reserve (AMEX: GRZ), Gold Resource (Nasdaq: GORO), Golden Eagle Int’l (OTC: MYNG.PK), Golden Star Resources (AMEX: GSS), Great Basin Gold (AMEX: GBG), Harmony Gold (NYSE: HMY), IAMGOLD (NYSE: IAG), International Tower Hill Mines (AMEX: THM), Jaguar Mining (NYSE: JAG), Keegan Resources (AMEX: KGN), Kimber Resources (AMEX: KBX), Kingold Jewelry (Nasdaq: KGJI), Kinross Gold (NYSE: KGC), Midway Gold (AMEX: MDW), Minco Gold (AMEX: MGH), Nevsun Resources (AMEX: NSU), New Jersey Mining (OTC: NJMC.PK), Newmont Mining (NYSE: NEM), North Bay Resources (OTC: NBRI.OB), Northgate Minerals (AMEX: NXG), NovaGold Resources (AMEX: NG), Richmont Mines (AMEX: RIC), Royal Gold (Nasdaq: RGLD), Rubicon Minerals (AMEX: RBY), Seabridge Gold (AMEX: SA), Solitario Exploration and Royalty (AMEX: XPL), Tanzanian Royalty Exploration (AMEX: TRE), Thunder Mountain Gold (OTC: THMG.OB), U.S. Gold (NYSE: UXG), Vista Gold (AMEX: VGZ), Wits Basin Precious Metals (OTC: WITM.PK), Yamana Gold (NYSE: AUY), Coeur d’Alene Mines (NYSE: CDE), Endeavour Silver (NYSE: EXK), Hecla Mining (NYSE: HL), Mag Silver (AMEX: MVG), Mines Management (AMEX: MGN), Silver Standard Resources (Nasdaq: SSRI), Silver Wheaton (NYSE: SLW), SPDR Gold Trust (NYSEArca: GLD), Market Vectors Gold Miners ETF (NYSEArca: GDX), iShares Silver Trust (NYSEArca: SLV), ProShares Ultra Silver (NYSEArca: AGQ), ProShares Ultra Short Silver (NYSEArca: ZSL), Great Panther Silver (AMEX: GPL), Silvercorp Metals (NYSE: SVM), Paramount Gold and Silver (AMEX: PZG), Pan American Silver (Nasdaq: PAAS) and First Majestic Silver (NYSE: AG), PowerShares DB US Dollar Bullish (NYSE: UUP).

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Wednesday, June 15, 2016

Clues Ahead of the Fed Announcement

Janet YellenWhen the Chairlady of the Federal Reserve last spoke about a week ago, the focus was on her account and analysis of the surprisingly weak labor market data that had just been reported for May. Chair Yellen addressed the issue diplomatically, and seemed to believe like me that the May result will prove to be an aberration, especially given recent jobless claims indications. Chair Yellen also addressed broader economic and international signals investors could look to in order to understand how the Fed perceives matters, and she hedged quite a bit. In conclusion, while June remains a live meeting, given the fear injected into financial markets since then by George Soros’ impactful warning, by intensified Brexit risk, by the terrorist attack in Orlando, and by today’s soft productivity data, not to mention the overwhelming expectations of the market for another pause in rate actions, a hike in June would seem highly unlikely. However, the Fed’s economic projections and its press conference are very likely to direct market attention to July and still very active Fed monetary policy normalization (tightening) this year. For my advice on how to handle today's Fed meeting, progress to The Fed Chairlady's Subtle Clues & How to Play This.


Security Sector
06-15-16
Early Indication
SPDR S&P 500 (NYSE: SPY)
+0.2%
SPDR Dow Jones (NYSE: DIA)
+0.2%
PowerShares QQQ (Nasdaq: QQQ)
+0.2%
iShares Russell 2000 (NYSE: IWM)
+0.3%
Vanguard Total Stock Market (NYSE: VTI)
+0.1%
Financial Select Sector SPDR (NYSE: XLF)
+0.3%
Technology Select Sector SPDR (Nasdaq: XLK)
+0.1%
Energy Select Sector SPDR (NYSE: XLE)
-0.5%
Health Care Select Sector SPDR (NYSE: XLV)
+0.3%
Consumer Discretionary Select Sector SPDR (NYSE:  XLY)
-0.1%
Consumer Staples Select Sector SPDR (NYSE: XLP)
-0.0%
Utilities Select Sector SPDR (NYSE: XLU)
-0.2%
Materials Select Sector SPDR (NYSE: XLB)
-0.0%
Industrial Select Sector SPDR (NYSE: XLI)
+0.0%
iPath S&P 500 VIX ST Futures (NYSE: VXX)
-1.0%
SPDR Gold Trust (NYSE: GLD)
-0.2%
United States Oil (NYSE: USO)
-1.5%
PowerShares DB US Dollar Bullish (NYSE: UUP)
-0.0%

DISCLOSURE: Kaminis is long UUP. Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article should interest investors in SPDR Dow Jones Industrial Average (NYSE: DIA), SPDR S&P 500 (NYSE: SPY), PowerShares QQQ Trust (Nasdaq: QQQ), ProShares Short Dow 30 (NYSE: DOG), ProShares Ultra Short S&P 500 (NYSE: SDS), ProShares Ultra QQQ (NYSE: QLD), NYSE Euronext (NYSE: NYX), The NASDAQ OMX Group (Nasdaq: NDAQ), Intercontinental Exchange (NYSE: ICE), E*Trade Financial (Nasdaq: ETFC), Charles Schwab (Nasdaq: SCHW), Asset Acceptance Capital (Nasdaq: AACC), Affiliated Managers (NYSE: AMG), Ameriprise Financial (NYSE: AMP), TD Ameritrade (Nasdaq: AMTD), BGC Partners (Nasdaq: BGCP), Bank of New York Mellon (NYSE: BK), BlackRock (NYSE: BLK), CIT Group (NYSE: CIT), Calamos Asset Management (Nasdaq: CLMS), CME Group (NYSE: CME), Cohn & Steers (NYSE: CNS), Cowen Group (Nasdaq: COWN), Diamond Hill Investment (Nasdaq: DHIL), Dollar Financial (Nasdaq: DLLR), Duff & Phelps (Nasdaq: DUF), Encore Capital (Nasdaq: ECPG), Edelman Financial (Nasdaq: EF), Equifax (NYSE: EFX), Epoch (Nasdaq: EPHC), Evercore Partners (NYSE: EVR), EXCorp. (Nasdaq: EZPW), FBR Capital Markets (Nasdaq: FBCM), First Cash Financial (Nasdaq: FCFS), Federated Investors (NYSE: FII), First Marblehead (NYSE: FMD), Fidelity National Financial (NYSE: FNF), Financial Engines (Nasdaq: FNGN), FXCM (Nasdaq: FXCM), Gamco Investors (NYSE: GBL), GAIN Capital (Nasdaq: GCAP), Green Dot (Nasdaq: GDOT), GFI Group (Nasdaq: GFIG), Greenhill (NYSE: GHL), Gleacher (Nasdaq: GLCH), Goldman Sachs (NYSE: GS), Interactive Brokers (Nasdaq: IBKR), INTL FCStone (Nasdaq: INTL), Intersections (Nasdaq: INTX), Investment Technology (NYSE: ITG), Invesco (NYSE: IVZ), Jefferies (NYSE: JEF), JMP Group (NYSE: JMP), Janus Capital (NYSE: JNS), KBW (NYSE: KBW), Knight Capital (NYSE: KCG), Lazard (NYSE: LAZ), Legg Mason (NYSE: LM), LPL Investment (Nasdaq: LPLA), Ladenburg Thalmann (AMEX: LTS), Mastercard (NYSE: MA), Moody’s (NYSE: MCO), MF Global (NYSE: MF), Moneygram (NYSE: MGI), MarketAxess (Nasdaq: MKTX), Marlin Business Services (Nasdaq: MRLN), Morgan Stanley (NYSE: MS), MSCI (Nasdaq: MSCI), MGIC Investment (NYSE: MTG), NewStar Financial (Nasdaq: NEWS), National Financial Partners (NYSE: NFP), Nelnet (NYSE: NNI), Northern Trust (Nasdaq: NTRS), NetSpend (Nasdaq: NTSP), Ocwen Financial (NYSE: OCN), Oppenheimer (NYSE: OPY), optionsXpress (Nasdaq: OXPS), PICO (Nasdaq: PICO), Piper Jaffray (NYSE: PJC), PMI Group (NYSE: PMI), Penson Worldwide (Nasdaq: PNSN), Portfolio Recovery (Nasdaq: PRAA), Raymond James (NYSE: RJF), SEI Investments (Nasdaq: SEIC), Stifel Financial (NYSE: SF), Safeguard Scientifics (NYSE: SFE), State Street (NYSE: STT), SWS (NYSE: SWS), T. Rowe Price (Nasdaq: TROW), Visa (NYSE: V) and Virtus Investment Partners (Nasdaq: VRTS).

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Friday, June 10, 2016

Earthquake - Is this the Big One?

SPY chart support
SPY Support Chart at Fidelity

Stocks got off to a scary start Friday after a rush to safety started in Europe and spread fear into our open. However, U.S. equities marked strong support and should look to hold or even bounce from here. This isn’t the big one, so to speak, and there are reasons for U.S. equities to exhibit relative strength today. See the full story at Earthquake - Why this isn't the Big One for Stocks.

Security Sector
06-10-16 AM
SPDR S&P 500 (NYSE: SPY)
-0.9%
SPDR Dow Jones (NYSE: DIA)
-0.5%
PowerShares QQQ (Nasdaq: QQQ)
-0.9%
iShares Russell 2000 (NYSE: IWM)
-1.3%
Vanguard Total Stock Market (NYSE: VTI)
-1.0%
Financial Select Sector SPDR (NYSE: XLF)
-1.0%
Technology Select Sector SPDR (Nasdaq: XLK)
-0.6%
Energy Select Sector SPDR (NYSE: XLE)
-1.0%
Health Care Select Sector SPDR (NYSE: XLV)
-1.0%
Consumer Discretionary Select Sector SPDR (NYSE:  XLY)
-1.0%
Consumer Staples Select Sector SPDR (NYSE: XLP)
-0.2%
Utilities Select Sector SPDR (NYSE: XLU)
+0.2%
Materials Select Sector SPDR (NYSE: XLB)
-0.3%
Industrial Select Sector SPDR (NYSE: XLI)
-0.7%

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article should interest investors in SPDR Dow Jones Industrial Average (NYSE: DIA), SPDR S&P 500 (NYSE: SPY), PowerShares QQQ Trust (Nasdaq: QQQ), ProShares Short Dow 30 (NYSE: DOG), ProShares Ultra Short S&P 500 (NYSE: SDS), ProShares Ultra QQQ (NYSE: QLD), NYSE Euronext (NYSE: NYX), The NASDAQ OMX Group (Nasdaq: NDAQ), Intercontinental Exchange (NYSE: ICE), E*Trade Financial (Nasdaq: ETFC), Charles Schwab (Nasdaq: SCHW), Asset Acceptance Capital (Nasdaq: AACC), Affiliated Managers (NYSE: AMG), Ameriprise Financial (NYSE: AMP), TD Ameritrade (Nasdaq: AMTD), BGC Partners (Nasdaq: BGCP), Bank of New York Mellon (NYSE: BK), BlackRock (NYSE: BLK), CIT Group (NYSE: CIT), Calamos Asset Management (Nasdaq: CLMS), CME Group (NYSE: CME), Cohn & Steers (NYSE: CNS), Cowen Group (Nasdaq: COWN), Diamond Hill Investment (Nasdaq: DHIL), Dollar Financial (Nasdaq: DLLR), Duff & Phelps (Nasdaq: DUF), Encore Capital (Nasdaq: ECPG), Edelman Financial (Nasdaq: EF), Equifax (NYSE: EFX), Epoch (Nasdaq: EPHC), Evercore Partners (NYSE: EVR), EXCorp. (Nasdaq: EZPW), FBR Capital Markets (Nasdaq: FBCM), First Cash Financial (Nasdaq: FCFS), Federated Investors (NYSE: FII), First Marblehead (NYSE: FMD), Fidelity National Financial (NYSE: FNF), Financial Engines (Nasdaq: FNGN), FXCM (Nasdaq: FXCM), Gamco Investors (NYSE: GBL), GAIN Capital (Nasdaq: GCAP), Green Dot (Nasdaq: GDOT), GFI Group (Nasdaq: GFIG), Greenhill (NYSE: GHL), Gleacher (Nasdaq: GLCH), Goldman Sachs (NYSE: GS), Interactive Brokers (Nasdaq: IBKR), INTL FCStone (Nasdaq: INTL), Intersections (Nasdaq: INTX), Investment Technology (NYSE: ITG), Invesco (NYSE: IVZ), Jefferies (NYSE: JEF), JMP Group (NYSE: JMP), Janus Capital (NYSE: JNS), KBW (NYSE: KBW), Knight Capital (NYSE: KCG), Lazard (NYSE: LAZ), Legg Mason (NYSE: LM), LPL Investment (Nasdaq: LPLA), Ladenburg Thalmann (AMEX: LTS), Mastercard (NYSE: MA), Moody’s (NYSE: MCO), MF Global (NYSE: MF), Moneygram (NYSE: MGI), MarketAxess (Nasdaq: MKTX), Marlin Business Services (Nasdaq: MRLN), Morgan Stanley (NYSE: MS), MSCI (Nasdaq: MSCI), MGIC Investment (NYSE: MTG), NewStar Financial (Nasdaq: NEWS), National Financial Partners (NYSE: NFP), Nelnet (NYSE: NNI), Northern Trust (Nasdaq: NTRS), NetSpend (Nasdaq: NTSP), Ocwen Financial (NYSE: OCN), Oppenheimer (NYSE: OPY), optionsXpress (Nasdaq: OXPS), PICO (Nasdaq: PICO), Piper Jaffray (NYSE: PJC), PMI Group (NYSE: PMI), Penson Worldwide (Nasdaq: PNSN), Portfolio Recovery (Nasdaq: PRAA), Raymond James (NYSE: RJF), SEI Investments (Nasdaq: SEIC), Stifel Financial (NYSE: SF), Safeguard Scientifics (NYSE: SFE), State Street (NYSE: STT), SWS (NYSE: SWS), T. Rowe Price (Nasdaq: TROW), Visa (NYSE: V) and Virtus Investment Partners (Nasdaq: VRTS).

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Thursday, June 09, 2016

Draghi – Democrat, Dictator or Demagogue?

Mario Draghi
European Central Bank (ECB) Chairman Mario Draghi is moving markets this morning. Senor Draghi’s speech at the Brussels Economic Forum 2016 this morning is entitled On the Importance of Policy Alignment to Fulfil Our Economic Potential and is highly recommended by this fellow philosopher. It’s ironic, because it is a plea for proper policy support from the governing bodies of the eurozone. However, it comes at the same time he is enacting extraordinary measures that extend the central bank’s powers to suspect length. The feeling here is that Mr. Draghi is trying to compensate for the failings of fiscal policy, but the risk is that he will go too far and lose monetary policy balance in the process. His hope for democratic congruence toward progress survives, but his confidence in the union’s ability to get there fast enough is short. See the whole story on Mario Draghi Demagogue here.

Global Sector Security
AM Trade or Indication
SPDR Euro Stoxx 50 (NYSEArca: FEZ)
-1.5%
iShares MSCI Germany (NYSEArca: EWG)
-1.9%
iShares MSCI France (NYSEArca: EWQ)
-1.4%
iShares MSCI Spain (NYSEArca: EWP)
-1.1%
iShares MSCI UK (NYSEArca: EWU)
-1.0%
iShares MSCI Japan (NYSEArca: EWJ)
-1.1%
iShares China Large Cap (NYSEArca: FXI)
-0.7%
Major US Investment Sectors

SPDR S&P 500 (NYSE: SPY)
-0.4%
SPDR Dow Jones (NYSE: DIA)
-0.4%
PowerShares QQQ (Nasdaq: QQQ)
-0.2%
iShares Russell 2000 (NYSE: IWM)
-0.7%
Vanguard Total Stock Market (NYSE: VTI)
-0.4

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article is relevant to Deutsche Bank (NYSE: DB), Total SA (NYSE: TOT), Banco Santander (NYSE: STD), ITA (Nasdaq: ITUB), UBS (NYSE: UBS), Westpac Banking (NYSE: WBK), Lloyds Banking Group (NYSE: LYG), Barclays (NYSE: BCS), Credit Suisse (NYSE: CS), Allied Irish Bank (NYSE: AIB), Banco Latinamericano (NYSE: BLX), National Bank of Greece (NYSE: NBG), Royal Bank of Canada (NYSE: RY), BBVA Banco Frances (NYSE: BFR), The Bank of Ireland (NYSE: IRE), Bank of Montreal (NYSE: BMO), Canadian Imperial Bank of Commerce (NYSE: CM), ING Groep (NYSE: ING), Citigroup (NYSE: C).

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