Huh.
So yesterday we began upbeat w/ good econ news but still ended with a new distribution day ("...loss of more than 0.2% by a a major index..." link here) putting the count for the current uptrend at 2 for NASDAQ and 3 for S&P500. Today we got-Durable Orders, GDP. and Crude Inventories and futures say metals are falling and stocks aren't.
As Dow nears 17,000, worrywarts speak loudest
Iraq fears hit European shares, German bond yields fall European shares fell on Wednesday, mirroring losses in the United States and Asia, as fears violence in Iraq could escalate further prompted investors to take refuge in safer assets such as German bonds. The FTSEurofirst 300 index (.FTSE) of top European shares fell 0.7 percent to a three-week low, while Germany's benchmark DAX…
Help! I'm Marrying Into $166K of Student Loan Debt After finding out his girlfriend has six figures of student loan debt, a young man wonders: How does a mountain of debt stack up against love? Credit.com
Yellen may be poised to rewrite Fed's rule book on wages,
The Dollar Ain't Losing Its Reserve Status - Brian Wesbury & Bob Stein, FT
Buyers Outpace Builders, New Home Sales Soar - Richard Moody, Regions
Consumer Confidence Rises Solidly In June - Mark Vitner, Wells Fargo Econ