The major averages enter the final hour about even, after opening mixed on little real news. Since Monday the Standard and Poors 500 Index has gained 9 points or a little less than a 1/3%, while the NASDAQ has advanced an inconsequential 8 points since Monday.
Despite considerable geo-political instability, more warnings of financial crisis out of Europe and China. A deteriorating political situation here at home inside the beltway and Trumps latest shoot from the hip folly directed at the Federal Reserve is unprecedented executive office interference after the President expressed his dissatisfaction with higher interest rates. Then when your blowing Trillion Dollar plus annual deficits to fund tax handouts to the 10% and corporations, the motivation for lower interest rates becomes painfully obvious.
Regional employment data from the Bureau of Labor Statistics shows New England as a real standout for job creation in June, but most regions did quite well, the one laggard being the Pacific region as it struggled to create jobs last month. On a year ago basis the Mountain, West South Central and Pacific regions were the top 3 for job creation.
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