Truth in Wealth Building

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This has not happened since 1998

Yesterday indices saw their fifth straight session of gains and another day of record highs. If the S&P 500 posts a record close today, it would be the first time that’s happened in each day of a trading week since March 1998. (S&P Dow Jones Indices) Producer prices recorded their biggest gain in a year…

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Another British surprise

Surprising everyone the Bank of England held interest rates steady despite guidance that policy easing could be forthcoming in the wake of Brexit. (Bloomberg) Yum Brands owners of Pizza Hut, Taco Bell and KFC, reported a 9% rise in profits last quarter. Sales were $3.01 billion. The company will spin off its China restaurants by…

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More record highs

Yesterday the Brexit Rally continued in earnest. The Dow posted its first record high in over a year. The S&P 500 set a record high for the second day in a row. The Nasdaq went positive for 2016 for the first time all year with its ninth gain in 10 sessions. (CNBC) Wholesale inventories rose…

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New closing high

The S&P 500 posted a new record closing high yesterday and is looking to do it again today. It was the first new high since May 2015. (FBN) The Index of Small Business Optimism rose almost one point in June to 94.5 according to the National Federation of Independent Business. At 94.5, the Index remains…

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The Brexit Rally

Call it the Brexit rally? The S&P 500 will open at record highs this morning, after Friday’s strong rally on the stronger-than-expected June jobs report. (CNBC) Alaska Airlines is one of eight airlines that could make flights between the U.S. and Cuba. They could begin Cuban flights as early as this fall. Others are American…

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Hour 2 of Financial Focus July 9th

Keep the weekend financial show going on your phone or computer with hour 2 of financial focus.

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