Thursday, July 4, 2013

Morning Memo: Thursday, July 4, 2013

  • Egypt...military ouster of Morsi raises tensions in the region.  New interim President sworn in.  Crackdown on Muslim Brotherhood continues.  Egyptian stocks rallyOil halts the upward surge for now as the situation evolves.
  • Bank of England....Carney's first MPC meeting...leaves rates unched.  Changes tone to more rate hikes any time soon.  Pound sinks.
  • Draghi..ECB also leaves rates unched @ 0.5%.  Takes "forward guidance" script from Bernanke: "rates will stay low for an extended period...".  Euro slips.  Stocks rally.
  • Portugal...political leaders seek to reach agreement.  Tensions abate.  Markets rebound from rout of past couple of days.
  • US closed for Independence Day.
Please continue to visit Soos Global Market Musings for updates.

(Sign up to "Follow by Email"!  And share with others!)

(Please note: This article is solely meant to be thought provoking and is not in any way meant to be personal investment advice. Each investor is obligated to opine and decide for themselves as to the appropriateness of anything said in this article to their unique financial profile, risk tolerances and portfolio goals).
Disclaimer: Please read and consider important information related to all communication made by Soos Global on this site by clicking here.
Additional Disclaimer: currently long many stocks/ETFs.  Positions may change at any time without notice.

No comments:

Post a Comment