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Earnings time is almost upon us, with many of the major financial stocks reporting this week.
As you may have noticed, sometimes Guy Cohen is very clear about the direction that earnings are likely to take, and sometimes he’s more cautious. This time, Guy is leaning towards the latter.
Right now the market is edgy, and doesn't quite know which way to go. That's fine. In Guy’s world, you should choose to enter trades only when the market is doing something that can interpreted as predictable.
For now, Guy is looking more at great value through volatility setups. The next few days will reveal more about whether this earnings report will signal a clear direction.
Watch Today's OVI Market Review – Is this the calm before the storm?
Read The Capitalist’s Take Here
DONALD TRUMP JR. RELEASES ‘ENTIRE EMAIL CHAIN’ REGARDING RUSSIAN MEETING
Donald Trump Jr. on Tuesday released what he said was the “entire email chain” of his conversations setting up a disputed meeting with a Russian attorney, showing what appeared to be an offer to provide information that would “incriminate” Democratic presidential candidate Hillary Clinton as “part of Russia and its government’s support for Mr. Trump.” The president's eldest son seemed to readily accept the offer, according to the messages.
Read More at Fox News Here
Read More at NY Times Here
Read More at Slate Here
FACEBOOK MESSENGER GLOBALLY TESTS INJECTING DISPLAY ADS INTO INBOX
Messaging is the center of mobile, and Facebook wants ads in front of all those eyes. After seeing “promising results from Australia and Thailand,” Facebook Messenger is expanding its display ad beta test that lets businesses buy space between your chat threads. Later this month, a small percentage of users will start seeing ads in the Messenger app’s home tab.
Facebook tells TechCrunch that where these ads appear in the inbox “depends on how many threads a user has, the size of their phone’s physical screen and the pixel density of the display.”
Read More at TechCrunch Here
Read More at The Verge Here
Read More at Wall Street Journal Here
Closing Bell
– Tuesday, July 11th
Markets Slide, Finish Flat Following Trump Jr.’s Russia News
Big Insider Trades
– Monsanto Company (MON) CTO Robert Fraley Sells $6m
– Opko Health, Inc. (OPK) CEO Phillip Frost Buys $300k
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