Despite Friday’s gains, the S&P 500 and Nasdaq Composite posted their biggest weekly losses since April.
Major Avgs for the week…SPX 1,967.57, dn 0.9% DJIA 16,943.81, dn 0.7% RUT 1,159.93, dn 4.0% COMP 4,415.49, dn 1.6% VIX 12.08 up 17.1%
Fed Bank of Chicago President Charles Evans: my inflation outlook is for 1.5 to 1.75 for a couple of years | http://hedgeaccording.ly/2014/07/fed-bank-of-chicago-president-charles-evans-my-inflation-outlook-is-for-1-5-to-1-75-for-a-couple-of-years.html??
7/12/1943: Women work on the trading floor for the first time, filling in during wartime labor shortage. #OnThisDay
We will start testing our new silver-fixing process with Thomson Reuters in early August http://ow.ly/z3ICJ?
VIX Jumps as Portugal Bank Concern Fuels Stock Losses http://jlne.ws/1niLKPs?
Chairman and CEO Sprecher rises to No. 1 on @iimag Tech 50 List http://goo.gl/1Qi04T?
Slowing buyback activity could be the thing that stops this bull market, @MktwHulbert says http://on.wsj.com/1zpFBWU?
Some investors say to sustain the stock rally, corporate revenue and profits must rise: http://on.wsj.com/1vOFcsc?
GoPro?s Surprisingly Muted Options Debut – MoneyBeat – WSJ http://jlne.ws/1rJaJhE?
Economic News
Fed Bank of Chicago President Charles Evans: my inflation outlook is for 1.5 to 1.75 for a couple of years | http://hedgeaccording.ly/2014/07/fed-bank-of-chicago-president-charles-evans-my-inflation-outlook-is-for-1-5-to-1-75-for-a-couple-of-years.html??
Job vacancies are back a pre-recession levels, but employers are taking longer to hire. http://mktplc.org/1jeLn8H?
Study: The 13 states that increased their minimum wage on Jan. 1 had stronger job growth than 37 states that didn?t. http://americasmarkets.usatoday.com/2014/07/07/study-states-that-raised-minimum-wage-had-stronger-job-growth/??
2013/2014
The price of ground beef rose 10.4% from 2013. Pork chop prices climbed 12.7%. http://on.wsj.com/1jZEvad?
Commodities
Coffee prices fell nearly 6% today: http://on.wsj.com/1w6Yucz? (Photo/AP)
Gold hits 3-1/2 month high on weak shares, Indian duty http://yhoo.it/1kabBnV? $GLD
This and That
With 35.6 million Tweets, #BRA v #GER is the most-discussed single sports game ever on Twitter. #WorldCup
NBA announces the Salary Cap has increased by 7.5% to an all-time high of $63.065 million for the 2014-15 season.?#SportsBiz #NBA
American bowling is in the gutter… http://buswk.co/1jtMB0h?
Potbelly Sandwich Shop got crushed today. Dropping 20%. It now trades at 1/3 of its 2013 IPO price –> http://stks.co/q0WDD? $PBPB
About 1 in 5 poor students don’t enroll in college, even after getting an acceptance letter. http://mktplc.org/1kaE6lx?
*Alibaba may kick off IPO “roadshow” as soon as the end of July, say WSJ sources | More to come: http://wsj.com/markets?
World cities, home to most people, to add 2.5 billion more by 2050: U.N. http://yhoo.it/1ons75o?
The Cavs are now worth $1 billion.?http://yhoo.it/1reIXXR??These guys are just happy?@KingJames?is back.
