- Large-Cap Growth +.08%
- 1) Steel +.61% 2) Drugs +.59% 3) Medical Equipment +.54%
- MDCI, AERI, GLNG, SBGI, MON, BKS, CBS, IMS, HBI, ZU, NXST, MEG, INFI, SSP, GTN and OMER
- 1) MON 2) EPD 3) VLO 4) MPC 5) AEO
- 1) MON 2) CBS 3) AAPL 4) BKS 5) ABBV
Wednesday, June 25, 2014
Bull Radar
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A reminder to please also post credit investor angst figures as you typically do. Thank you
On Wednesday, June 25, 2014, Credit Investments, AGG, traded higher, as investors sought safe investment from falling Nation Investment, EFA, and World Stocks, ACWX, and traded higher in from on the European Summit.
Demand for Credit Investments was so strong that the Benchmark Interest Rate, ^TNX, fell to 2.56%.
It was Eurozone, Credit, EU, trading higher in front of the European Summit, that drew up all Credit Investments; these were led by the Long Duration Corporate Bonds, LWC, 30 Year US Government Bonds, EDV, International Corporate Bonds, PICB, Global Government Bonds, BWX, US Ten Year Notes, TLT, Emerging Market Bonds, EMB, and Mortgage Backed Bonds, MBB, which traded up near its late May 2014 high.
But, Junk Bonds, JNK, traded lower, from yesterday’s market top high. Bloomberg reports Debut Bond Sales Swell in Europe as Risks Mount. Companies are debuting a record amount of bonds in Europe as investors demanding higher yields show greater tolerance for untested borrowers who are seeking to diversify funding as banks curtail lending.
The Tuesday, June 24, 2014, trade lower in the European Financials, EUFN, such as NBG, IRE, RBS, LYG, BCS, terminated Pursuit of Yield Investing and the subsequent June 25, 2014, trade lower Nation Investment, EFA, coming on more losses in the European Financials, EUFN, marked an inflection point in economic history: the world pivoted from the age of currencies and credit, and into the age of diktat and debt servitude.
Under liberalism, meaning freedom from the state, it was the bankers, corporations, government, entrepreneurs, and citizens of democracies who were the legislators of economic value and the legislators of economic life that shape one’s means and one’s ends.
Now, under authoritarianism, it is the currency traders, bond vigilantes, and regional fascist leaders working in public private partnerships and in regional governance, who are the legislators of economic value and are the legislators that shape one’s means and one’s ends.
Media Stocks, PBS, rose 3% as Breakout reports Supreme Court Kills Aereo, And Cord Cutters Dreams. To the dismay of cord-cutters everywhere, the Supreme Court put the kibosh on Internet television service Aereo.
The court ruled that Aereo, which transmits broadcast TV channels over the Internet to its subscribers, was just like a cable television service, which must pay licensing fees to broadcasters in return for showing copyrighted programs. Aereo had argued it merely rented a tiny, dedicated broadcast antenna to each of its thousands of customers, who have a right to watch the copyrighted programs and shouldn’t have to pay licensing fees.
Stocks of broadcasters, which had sued to shut Aereo down, shot up on the ruling, led by Sinclair Broadcasting (SBGI), up 15%, and CBS (CBS), which gained 6%. More-diversified network owners Walt Disney (DIS), Twenty First Century Fox (FOXA) and Comcast (CMCSA) were up about 1%.
A ruling in favor of Aereo could have upset the current system that requires cable providers to pay billions of dollars a year to broadcasters such as CBS and Sinclair. Cable companies could have set up their own multiple antenna systems, mimicking Aereo, for example.
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