Economists are usually dry, boring, precise, and don't raise any eyebrows. But when UBS Chief Economist Paul Donovan made an innocent comment last week, he ended up in hot water. Citing inflation in China, Donovan said that the recent uptick was mainly due to sick pigs, which only "matters if you are a Chinese pig."
 | | Good morning. The current number of technology companies going public is causing many to think that we're in a market similar to the late 1990's. Is a big bear market imminent?
We may be closer to the early 1990's, however, given two recent developments. First, O.J. Simpson is out on parole and is getting back in the public eye, having joined social media company Twitter. Next, Ford is bringing back its Bronco model, made infamous by the former football star.
So sit back, we may have a few more years before this market hits its next big recession. | | |
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| | |  | DOW 30, 26,112.53 | +0.09% | | | | S&P 2,889.67 | +0.09% | | | | NASDAQ 7,845.02 | +0.62% | | | | | *As of market close | | | • | Stocks rallied modestly on Monday, as traders awaited the Fed and G20 meeting later this week. | | | | • | Gold and oil slightly declined, on the lack of any major negative news. | | | |
| | | Homebuilding Confidence Slips this Month | |  | | Survey measures first drop of 2019. | | Homebuilder confidence dropped slightly for June, with a NAHB Market Index reading of 64, against a 66-reading last month, and a consensus expectation of 67.
The Housing Market Index (HMI) is based on a survey of homebuilding members and is designed to get a read on the market for single-family housing. It asks responders to rate market conditions for the sale of new homes now and into the next six months.
» FULL STORY | | | | |
| | These THREE 5G STOCKS are set to win | | |  | | Just a handful of days ago, tech company Qualcomm made world history.
It's smaller than a penny, yet it's about to set off a firestorm.
You see, that tiny piece of "plastic" is actually the first 5G modem of its kind...
This advance is so massive that 1,000%... 2,000%... even 3,000% gains could be right around the corner.
Now that the first 5G modem has made its way to the mainstream media, a gigantic landslide of profits is about to be set in motion.
Click here to find out which THREE 5G STOCKS are about to go parabolic. | |
| | Sotheby's Agrees to Go Private | |  | | Iconic auction house gets a $3.7 billion bid. | | Auction house Sotheby's (BID) signed a deal to be acquired by BidFair USA on Monday. This will take the company private at a price of $3.7 billion, or $57 per share. That is a 56 percent premium from where shares closed last Friday.
The deal still puts shares of the auction house just short of its 52-week high. The privately-held BidFair is controlled by media entrepreneur Patrick Drahi.
» FULL STORY | | | | |
| | | | Insider Activity: Universal Insurance (UVE) |  | | CEO a repeat buyer of shares near current prices. | | On June 14th, CEO Sean Downes picked up 3,000 shares of his company, Universal Insurance (UVE).
But this isn't his first buy in recent weeks. On June 11th, he picked up 2,500 shares. And on May 28th, he picked up 10,000 shares, all right around current prices. Overall, he has increased his stake slightly to 1.43 million shares.
» FULL STORY | | | | |
| | Unusual Options Activity: CNX Resources Corporation | |  | | Traders make big bet on continued decline in natural gas. | | A large bet is being made that shares of CNX Resources (CNX) will fall at least 30 percent between now and January.
On Monday, over 44,000 $5 January 2020 put options had been traded, against an open interest of 100 options.
This bet, with a $5 strike against a share price of about $7.20, indicates a 31 percent downside in the next six months.
» FULL STORY | | | | |
| | | | TOP | | | INCY | 5.315% | | | | FB | 4.235% | | | | MOS | 4.115% | | | | DISH | 3.863% | | | | NWSA | 3.466% | | | | BOTTOM | | | ALGN | 5.568% | | | | ECL | 4.186% | | | | TSN | 4.127% | | | | AMD | 3.821% | | | | AMP | 3.739% | | | | |
| | |  | | Until [former Vice President] Joe Biden entered the race, every candidate was as far left as I have ever seen in my life…Whether they are running to break up the big techs or to have single-payer medicine instead of health insurance or if they favor jailing innocent bankers, they are a motley crew of hard lefters that will be a disaster for the stock market unless they gravitate to the right, | - Jim Cramer on the 2020 election and the stock market  | |
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