A teaser from Elon Musk: Master plan 2 for Tesla - Tweeted... What a master of manipulation!

Stocks up post Brexit. S&P 500 hits ALL TIME HIGH - DJIA right behind.
- Governments panic over Brexit pushed out liquidity and the potential for stimulus and now that there is not much fallout money rushing into stocks
- US 10Y bond sub 1.5%
- Commodities ramp (Gold, Silver, Copper)

Update from Myanmar - incredible trip - posted some pix on Twitter. Very poor country - highlight was cooking class on Inle River.

Interesting culture of food - most meals come with an array of salads (Penny Wort, Asparagus flower, Pickled teea leaves, tomatoes)
- AND the river is like a giant hydroponic garden for most vegetables.

Key Reversal Indicator flashing a warning sign that an imminent move lower is possible (may be shallow but market well overbought)

KRI Indicator

Pokeman GO app is something of a phenomenon. Going to be lots of injuries with this augmented reality app.
-A man has suffered the full pains of Pokemon Go after accidentally becoming the owner of a gym. Boon Sheridan woke up to find that the hugely popular augmented reality game had decided that his house was one of the game’s important gyms. That means that people are rewarded for coming to it in real life – resulting in what he said was dozens of people outside his door.

AND: At least one military base is warning service members against the dangers of wandering into unauthorized areas while chasing Pokemon. "Since Pokemon Go hit last week there have been reports of serious injuries and accidents of people driving or walking while looking at the app and chasing after the virtual Pokemon," says the message posted this morning to the Joint Base Lewis McChord official Facebook page. "Do not chase Pokemon into controlled or restricted areas, office buildings, or homes on base."

** Will the app be another way for advertising as perhaps the places that have the things to find pay to get on the game? (That is genius)

In a recent development, Intel is jotting down the options for Intel Security and it might plan to sell the Antivirus maker software formerly known as McAfee. Six years ago, the same software maker was bought by Intel for $7.7 billion. Even though Intel has declined to offer any clarity on the issue, people who are part of the ongoing discussion have indicated that the Silicon Valley chipmaker might be considering options for selling their cyber security unit to bankers, and if at all the deal is materialized, it’d be one of the largest within the sector.

SBUX - The coffee chain will boost prices on selected coffee beverages at company-operated U.S. stores, effective today. Starbucks said certain sizes of brewed coffee will see increases of 10 cents to 20 cents per cup.

Seagate is cutting 6,500 jobs or about 14 percent of the hard disk drive maker's global workforce. That announcement comes only a few weeks after Seagate announced it would reduce 1,600 jobs. Seagate also boosted its revenue guidance for the quarter that ended July 1, saying demand for its drives was strong.

The bottom line of the state of global finance:

US officials refused to prosecute HSBC for money laundering in 2012 because of concerns within the Department of Justice that it would cause a "global financial disaster", a report says. A US Congressional report revealed UK officials, including Chancellor George Osborne, added to pressure by warning the US it could lead to market turmoil. The report alleges the UK "hampered" the probe and "influenced" the outcome. HSBC was accused of letting drug cartels use US banks to launder funds.
- The bank, which has its headquarters in London, paid a $1.92bn (£1.48bn) settlement but did not face criminal charges. No top officials at HSBC faced any charges.

Can we talk about the rash of violence that is happening all over the world?

Still don't get it - Twitter is set to live-stream some of Bloomberg LP's television programs, the latest in a series of content deals struck by the microblogging service this year. (are they going to be another TV ?)

Announcing the Winner of  (none this week)

Next CTP - Nike (NKE) - Winner announced next week

Winners will be getting great stuff like the new DHUnplugged Shirts (Designed by Jimbo)DHU's Official Model - Vivi Jugo

UPDATE - NEW ETF - Global X Millennials Thematic ETF Challenge!

The top holdings of Global X Millennials Thematic ETF (MILN) include stocks many investors would expect, such as Facebook, LinkedIn and Amazon, which take advantage of the tech tendencies of millennials. But some names might be more surprising like real estate investment trusts AvalonBay Communities and Equity Residential, and Home Depot, which could benefit from millennials moving out of the home of their parents.

We are creating the DH Old Codger Index Portfolio to compete against this new ETF to see how "old school" stocks do in comparison. Companies in our index will include:

• Devita (DVA) - Dialysis/HealthCare, Tootsie Roll (TR) - Candies, Exxon Mobile (XOM) - Oil/Energy, Sears (SHLD) - Misc. Retail
• More......

We have the performance summary running (daily and since inception of 5/6/16) - DHOCI vs. Millennials ETF Battle

Lawyers filed a $1 billion lawsuit against Facebook Inc., alleging it allowed the Palestinian militant Hamas group to use the platform to plot attacks that killed four Americans and wounded one in Israel, the West Bank and Jerusalem. “Facebook has knowingly provided material support and resources to Hamas in the form of Facebook’s online social network platform and communication services,” making it liable for the violence against the five Americans, according to the lawsuit sent to Bloomberg by the office of the Israeli lawyer on the case, Nitsana Darshan-Leitner.

Have you seen this survey? Seems bogus...  GOBankingRates.com survey that over 62% of Americans do not even have $1000 in their savings account.

Venezuela:

Citi is planning to shut down the Venezuelan government's foreign currency accounts, according to Venezuelan President Nicolas Maduro. Citi has not made any official announcement, but Maduro criticizes the move as a "blockade."

Kimberly-Clark's plant in Venezuela will be taken over and re-activated by the government, according to the country's labor minister. The U.S. consumer products company said Monday it was suspending operations at the plant due to deteriorating economic conditions and a shortage of raw materials.

Mexican President Enrique Peña Nieto was clear and blunt in his view of Donald Trump's proposed wall on the U.S. and Mexican border: There's no way his country is paying for it.

Elon Musk has no plans to disable Tesla’s Autopilot function in the wake of a fatal crash of a Model S electric car. The auto maker instead plans to redouble efforts to educate customers.

Germany Europe's growing army of robot workers could be classed as "electronic persons" and their owners liable to paying social security for them if the European Union adopts a draft plan to address the realities of a new industrial revolution.

PARTY! TMZ is claiming the former NBA star Lamar Odom had to be taken off a Delta Airlines flight leaving Los Angels on Monday night after getting drunk in the airport lounge and vomiting on the plane.

Jeep will resume production of the classic Wagoneer and Grand Wagoneer model after 2019 as the brand's luxury "pinnacle," Jeep boss Mike Manley told industry trade magazine Automotive News.

What is JCD writing about this week for PCMAG?

Brexit - Brexit - Brexit
- JCD explanation of what happened.
- Is it true the most Google'd term in UK is "What is the European Union"  ??
- Listen to latest No Agenda show for amazing coverage - Open the Chunnel! [LINK TO MP3] - Can it be reversed? (U.K. politicans say NO!)

Markets plunged around the world - MSCI Global equity index down 5% Friday, another 2% today
- Us markets hit with DJIA down 600, S&P 500 down 4% and small caps down 4.5%
- U.S. equity futures were locked down limit for about 30 minutes after the vote counted.
- S&P cuts UK rating to AA from AAA; Outlook Negative
- Crude oil down 5%, Gold up 5%

Currencies were whipped around - British pound - 7.5%, Yen +3% (clipped 100) , Euro -3% (1.10)

European banks hammered - down 15% - 25%
- DB (-17%), SAN (-19%), RBS (-27%) , LYG (-23%), BCS (-22%) , BBVA (-19%)

US Major banks
- JPM (-7%) , BAC (-7%), MS (-10%), GS (-7%)
- Smaller regions did much better

European Insurers also slammed
- ING (-19%), AV (-21%), ALIZF (-13%)

US Airlines
- DAL (-8%) , AAL (-11%)
- Smaller regions did much better

Over $2 trillion lost over past couple of days in markets - worst day ever loss in $ terms ....

Let's take a look how European markets did on Friday - (ETFs)

Europe ETfs

Time to buy some of these beaten down names????

(Trading in Barclays and RBS shares was suspended on Monday morning following heavy losses on the London Stock Exchange.)

What is the chance that the Brexit will now cause further European Union referendums to exit.

You have to love the commentary coming out of the "experts" in high places:

- IMF's Lagarde: "Markets got Brexit vote it wrong, but don't panic"

Where does market go from here? Looking at fundamentals value could be seen at 1,930 - 1950 on S&P 500. Already DJIA is down 900 points since Friday.

**** US 10-year treasury at 1.45%  - LOWEST ON RECORD **** 

This week:

- Tuesday, an E.U. leadership summit begins in Brussels; the Conference Board presents its June consumer confidence index; the April Case-Shiller home price index appears; the BEA issues its final estimate of Q1 GDP; and Nike reports quarterly results.

- Wednesday, Federal Reserve chair Janet Yellen, European Central Bank president Mario Draghi, and Bank of England governor Mark Carney take part in a panel discussion at an ECB forum in Portugal; Wall Street will also pay attention to May pending home sales, May personal spending figures, and earnings news from General Mills, Monsanto, and Pier 1.

- Thursday, a new initial claims report complements earnings from ConAgra Foods, Constellation Brands, Darden Restaurants, and Paychex.

- Friday, investors consider ISM’s June U.S. manufacturing PMI and China’s latest factory PMI reading.

** During the market swoon on Friday, some interesting things occurred. Once in particular - Betterment (pure roboadvisor) shut down trading until early afternoon.
--- So many emails over past year about companies like Robinhood or Betterment as they are cheap and app based. Anyone learning a lesson on this? Will this show that it pays to pay for some help from a human?

On Twitter - someone asked if anyone has hear from the Queen on Brexit - I think I saw a comment: Brexit: Why Yes! I will have truffled eggs, a buttered muffin with gooseberry jam and tea - two lumps"

Announcing the Winner of Biogen

Next CTP - Nike (NKE) - Open for entries

Winners will be getting great stuff like the new DHUnplugged Shirts (Designed by Jimbo)DHU's Official Model - Vivi Jugo

**** Getting many requests from listeners that they want to BUY the shirt ******

UPDATE - NEW ETF - Global X Millennials Thematic ETF Challenge!

The top holdings of Global X Millennials Thematic ETF (MILN) include stocks many investors would expect, such as Facebook, LinkedIn and Amazon, which take advantage of the tech tendencies of millennials. But some names might be more surprising like real estate investment trusts AvalonBay Communities and Equity Residential, and Home Depot, which could benefit from millennials moving out of the home of their parents.

We are creating the DH Old Codger Index Portfolio to compete against this new ETF to see how "old school" stocks do in comparison. Companies in our index will include:

• Devita (DVA) - Dialysis/HealthCare, Tootsie Roll (TR) - Candies, Exxon Mobile (XOM) - Oil/Energy, Sears (SHLD) - Misc. Retail
• More......

We have the performance summary running (daily and since inception of 5/6/16) - DHOCI vs. Millennials ETF Battle

Podcast awards update ? NO AGENDA WINS!!!!!!!! (News category)

Hate crimes n the rise post-Brexit vote - what is that all about?

Barron's cover this week - U.S. companies depend on domestic customers, which helps to insulate them from problems abroad. (some truth to that....but not in all cases)

Chinese authorities will require Baidu Inc. and other search engines to report banned content and verify advertisers’ qualifications in its latest attempt at Internet regulation. Under rules to take effect Aug. 1, search engines operating in the country will be prohibited from providing banned information in various formats including links, summaries, cached pages, associative words, related searches and relevant recommendations, the Cyberspace Administration of China said in a statement. They will also be required to report websites and applications that contain prohibited content when spotted, the regulator said.

Sad: New York’s landmark Waldorf Astoria hotel is scheduled to close in spring 2017 so owner Anbang Insurance Group Co. can begin converting most of the more than 1,400 rooms to luxury condominiums, said a person with knowledge of the plans.

Hawaii's governor signed a bill making it the first state to place its residents who own firearms in a federal criminal record database and monitor them for possible wrongdoing anywhere in the country, his office said.

Watch China currency - lowest in years as safe haven trades are preferred.

What is JCD writing about this week for PCMAG?

Sponsor: This episode is sponsored by YestoBitcoins.com

Markets in a bit of a tailspin after the latest Brexit poll. With the Fed meeting this week - is this just a way of pressing on the Fed to not do anything?

Retail sales for May came in slightly better than expected, but still nothing to get too excited about.
- U.S. luxury fashion retailer Neiman Marcus Group Ltd LLC reported its third straight quarterly drop in sales at established stores and a nearly 81 percent fall in profit amid a slowdown in apparel spending.
- What is going on with higher end retail ???

The VIX - skyrocketing - 50%+ over past few days to a high of over 21 today. Was under 13 last week. The last time  we saw this lvel was back in February as markets were being sold off in a hard correction. Moves like this often signal bottoming potential as many are seeking to buy protection at any price.

Microsoft (MSFT) buying LinkedIn (LNKD) for 50% premium - about $25 billion. Any other targets?
- LinkedIn down 13% YTD even after the $196 price paid...
- Twitter shares surge on the report as hope is alive that they will become a target for acquisition

Brexit - the polls now show a lead to the LEAVE side of things - markets are moving along with every headline. Some listener emails about what will benefit and what will see more problems.

Apple WWDC - anything exciting???? Stock did not price as anything was incrementally beneficial....

MAC

• Mac OS will feature universal clipboards for copying and pasting across devices.
• Mac OS will allow desktop saved files available for download from iPhone and iPad.
• Mac OS will feature Apple Pay for the web.
• Mac OS will feature SIRI for Mac

TV

• Apple TV now has 1300 video channels.
• Will feature ability to watch 4 sports games at one time through Fox Sports Go (FOXA).
• Apple TV will feature Sling TV with many cable channels.  (DISH, NFLX)
• Apple TV introduces TV remote applications where you can change channels from iOS device without reaching for Apple TV remote.
• Apple TV will feature 'Dark Mode'
• Apple TV OS will available this Fall.

Watch

• New WatchOS accelerates application launch time.
• New WatchOS will feature a 'dock' feature for recently used apps on the Watch.
• Will have feature to reply to messages without tapping reply.
• New WatchOS will allow users to write on the screen.

After a seemingly interminable wait, the yield on Germany's 10-year sovereign debt has dropped below zero for the first time. The shift into negative territory is part of a continuing trend across global markets that has seen record low yields and surging volatility in developed market sovereign debt.

Investors will be watching China as MSCI Inc. is set to announce early Wednesday local time whether they are going to include mainland shares in their global benchmark indices. NO! Declined for the second time around. MSCI said China had made "significant steps" towards bringing the market "closer to international standards".
- However, the US financial data firm said its "extensive global consultation" showed that Beijing had not addressed all its concerns over barriers to foreign investors.
- MSCI added that it would retain the option to include the A-shares as part of its next market classification review in 2017.

More tech nonsense - Twitter invests $70 million into Soundcloud.

"Use your bitcoins to to get gift-cards for stores in North America, Europe or Asia at YesToBitcoins.com . We have been accepting bitcoins as payment, for gift-cards since 2014.
Go to YestoBitcoins.com

Check out YestoBitcoins.com

Announcing the Winner of Fitbit (FIT)

Currently CTP = Biogen (BIIB)

Winners will be getting great stuff like the new DHUnplugged Shirts (Designed by Jimbo)DHU's Official Model - Vivi Jugo

UPDATE - NEW ETF - Global X Millennials Thematic ETF Challenge!

Since inception - withing 2 basis points of each other.....

- Neck and neck since inception - Ole Codger's Portfolio slightly ahead....

The top holdings of Global X Millennials Thematic ETF (MILN) include stocks many investors would expect, such as Facebook, LinkedIn and Amazon, which take advantage of the tech tendencies of millennials. But some names might be more surprising like real estate investment trusts AvalonBay Communities and Equity Residential, and Home Depot, which could benefit from millennials moving out of the home of their parents.

We are creating the DH Old Codger Index Portfolio to compete against this new ETF to see how "old school" stocks do in comparison. Companies in our index will include:

• Devita (DVA) - Dialysis/HealthCare, Tootsie Roll (TR) - Candies, Exxon Mobile (XOM) - Oil/Energy, Sears (SHLD) - Misc. Retail
• More......

We have the performance summary running (daily and since inception of 5/6/16) - DHOCI vs. Millennials ETF Battle

Dead or not? The two largest daily fantasy sports companies, FanDuel Inc and DraftKings Inc, are in early-stage talks to merge, people familiar with the matter said on Monday, as the industry faces a crackdown by U.S. states over whether it runs illegal gambling.

OOPS! A Goldman Sachs executive footed the bill for prostitutes and the bank paid for a lavish trip to Dubai for the brother of a decision-maker at Libya's sovereign wealth fund, a lawyer for the fund alleged on Monday, in a case it has brought against Goldman in London's High Court.

In the wake of the Orlando massacre at popular nightclub Pulse, where 49 people were pronounced dead, a local Chick-Fil-A opened up on a Sunday to cook up hundreds of their famous chicken sandwiches and batches of their sweet tea.

Back to nuclear? The Tennessee Valley Authority's (TVA) Watts Bar Unit 2 was connected to the power grid on June 3, becoming the first nuclear power plant to come online since 1996, when Watts Bar Unit 1 started operations. Watts Bar Unit 2 is undergoing final testing, producing electricity at incremental levels of power, as TVA prepares to start commercial operation later this summer. The new reactor is designed to add 1,150 megawatts (MW) of electricity generating capacity to southeastern Tennessee.

More than 45,000+ people are currently on the wait list to eat a meal, naked,at London's much-anticipated The Bunyadi (aka the "naked restaurant"), which officially opens this month.
- Once diners get inside, remove their clothes and relinquish their smartphones, they will chose between two menus: naked non-vegan and naked vegan. The former features goji berry steak tartare with stinging nettle oil and cured salmon with seaweed salad. The latter features a sweet and salty "forage plate" and an asparagus dish with salted almonds, pickled red onion and melon. Both go for £69, which also gets you a robe and slippers. Wine (which you will probably need a lot of) is extra.

So what do we think of Soros and Ichan now? Are they right to be so pessimistic?

Appears that Russian hackers hacked the DNC site/info bank and stole info on Trump. How will that be used?

What is JCD writing about this week for PCMAG?

Last week was a good week for markets ahead of some key reports and a holiday shortened trading week. DJIA up 2%, NASDAQ up 3.4%! Some better then expected economic reports, a more hawkish Fed. But could it be that the move to postpone any Greek debt write-downs for a few years AND postpone the tax hike in Japan was more beneficial to markets? Or maybe oil hitting $50 for the first time since November 2015.

DJIA up for 4 months in a row - first time since 2014!

Trial balloons by Fed and government - thoughts on that as a method of molding markets.

Crawfish Boil and BBQ last weekend at Andrew's house - Pix:

Crawfish Party 1

Crawfish Party 2

Even with the uneven housing recovery, there has been some slow, but steady improvement and last week we saw some really good reports:

- A 16.6% jump in new home sales in April, putting them at an 8-year peak.
- Housing contract activity surged 5.1% last month, according to the National Association of Realtors, reaching a level unseen since February 2006

GDP - 2nd estimate of the 1st Quarter 2016 activity was revised up (we see this many times that revisions are often to the upside). Still sluggish at 0.80% versus the estimate of 0.50% on an annualized basis.
- Some important takeaways from the GDP Report:
- Net exports continue to slide to the lowest levels in years and years
- Personal consumption is not picking up - which could explain some of the retail sales weakness
- The upward revision had a good bit to do with the change in private inventories

Barron's cover-page this week - contrary-indicator or?

Barron's Cover

Hackers infiltrated Time Inc.’s Myspace social network and published user data on an online forum shortly before Memorial Day weekend, the company said Tuesday. The data stolen includes e-mail addresses, user names and passwords for accounts created prior to June 11, 2013 on the old Myspace platform, according to a statement. The breach doesn’t affect any Time Inc. information or financial data, the New York-based publisher said.
- Why is the "old" platform still active and accessible?
- Why is any MySpace platform still active?  Has anyone seen this lately? What is the purpose --> www.myspace.com

ANNOUNCING THE WINNERS of the
DHUnplugged Closest to the Pin Contest for Intel (INTC)

Currently CTP = Fitbit (FIT)

Winners will be getting great stuff like the new DHUnplugged Shirts (Designed by Jimbo)DHU's Official Model - Vivi Jugo

UPDATE - NEW ETF - Global X Millennials Thematic ETF Challenge!

The top holdings of Global X Millennials Thematic ETF (MILN) include stocks many investors would expect, such as Facebook, LinkedIn and Amazon, which take advantage of the tech tendencies of millennials. But some names might be more surprising like real estate investment trusts AvalonBay Communities and Equity Residential, and Home Depot, which could benefit from millennials moving out of the home of their parents.

We are creating the DH Old Codger Index Portfolio to compete against this new ETF to see how "old school" stocks do in comparison. Companies in our index will include:

• Devita (DVA) - Dialysis/HealthCare
• Tootsie Roll (TR) - Candies
• Exxon Mobile (XOM) - Oil/Energy
• Sears (SHLD) - Misc. Retail
• McDonald's (MCD) - Fast Food
• Goldman Sachs (GS) - Financial
• Altria (MO) - Cigarettes
• Kroger (KR) - Food Market
• More......

We have the performance summary running (daily and since inception of 5/6/16) - DHOCI vs. Millennials ETF Battle

Let's read through this story slowly:

A former director at Barclays Plc was arrested on Tuesday on U.S. charges that he provided inside information about impending mergers he learned about at the bank to a plumber, who used the tips to make $76,000 illegally. Steven McClatchey, 58, was charged in a criminal complaint filed in Manhattan federal court with conspiracy, wire fraud and securities fraud after the plumber, Gary Pusey, secretly pleaded guilty on Friday and agreed to cooperate with authorities.
In exchange, Pusey paid thousands of dollars in cash to McClatchey, sometimes placing cash in a gym bag that McClatchey brought with him to a marina in Freeport, New York, and provided free bathroom remodeling services, authorities said.

Oil trying again for that $50 mark - keeps hitting and failing. Supplies coming down as production offline..

Some good news on the spending front - April spending on Month-over-Month basis was up 1% - better than estimates. Also, housing prices came in 5.4% higher on Year-over-Year basis. However, May consumer confidence dropped a bit to 92.6 versus estimates of 96. MIXED MESSAGES!

SodaStream (SODA) stock was left for dead as the company's products were not going anywhere. Now the company launched a new home brew beer system  and stock got some legs - ($13.50 - $21 recently)
-- The system will launch in Europe first, and is currently available on Germany's online store and at retailers in Switzerland. Other markets will launch in 2016 and 2017. The Beer Bar will allow users to make home-crafted beer "in seconds" using sparkling water and a beer concentrate. How will that taste? Why not just drink the concentrate? (Cost $5 /3 liters of beer)
-- There are other companies that make the concentrate already (Pat's) and can use carbonated water

SodaStream Beer

Starbucks Corp. (SBUX) said Tuesday that it was adding new cold coffee offerings, including Nitrogen-infused coffee in major U.S. cities, as the coffee maker tries to increase its summer-weather drinks and compete with specialty shops. The company’s “Nitro Cold Brew,” which infuses nitrogen into its slow-steeped, cold-brewed coffee, imparts a “smooth and creamy sweetness, “ the company said. Similar offerings, which are typically delivered from a beer-like tap, have been rolled out in recent years at specialty coffee shops like Stumptown Coffee Roasters.

Finally! The Securities and Exchange Commission is taking another step to crack down on corporate use of numbers that the agency fears deceives investors. The SEC’s Division of Corporation Finance is forming an internal task force to closely review the use of “non-GAAP” numbers and whether companies respond to recently updated guidance on using these metrics. The focus of this new initiative is on companies that use non-GAAP metrics to tell a misleading story, that give too much prominence to non-GAAP numbers, or promote non-GAAP metrics that exclude relevant, recurring costs. [LINK]

HOW? Core Media Group filed for Chapter 11 bankruptcy protection on Thursday, saying it has not yet found a way to replace revenue earned from "American Idol."

Jose Cuervo, the world’s biggest tequila producer, is seeking to raise as much as $1 billion in an initial public offering planned for the third quarter of this year, according to people with knowledge of the matter. (Beverage companies have been doing well of late)

Gorilla shot when toddler slips into its zoo compound. How is it possible that there are no better safeguards?

At least 2,234 Indians have contracted the deadly HIV virus while receiving blood transfusions in hospitals in the past 17 months alone. The information was revealed by the country's National Aids Control Organisation (Naco) in response to a petition filed by information activist Chetan Kothari. India has around 2.09 million people living with HIV/Aids.