I am so excited for the Olympics and for the beautiful country of Brazil that they may have a safe and prosperous games. For this article I’m going to make it article as useful and entertaining as possible, so I’m embedding a video presentation that can be viewed, and here it is:
This week’s update is fairly straight forward, no surprises, which should be good for most. As I mentioned in the previous article, there are a few bright spots that are shining very well in the U.S. economy. Reports of new home sales soared very well and pending home sales demolished consensus expectations by a margin of 430 basis points with a 5.1% month-to-month gain.
JUNE RATE HIKE
The strength of the dollar was a bit of a surprise to me, but when factoring all the talk about rate hikes imminent for June, it’s…