As for the European crisis, the new Greek Prime Minister, Samaras, is supposed to
explain how he and his government are going to deal with Greece’s massive debt to
Parliament today. The debate will last three days and will hopefully yield a problem
solving solution.
Moving back to the U.S, the Employment Situation was announced this morning
and nonfarm payrolls are up 90,000 while the unemployment rate stayed at 8.2%.
Average hourly earnings were up 0.2% and the average workweek stayed at 34.4
hours.
While the employment report did not bring any horrible news the stock market is
down today with the S&P 500 down 0.47%, 10-year treasuries are down 0.62% and
oil is down 1.88%. The only increase was with the dollar, it was up 0.05% at the
open.
Make sure to check out our first exclusive webinar this Sunday, July 8 th for a 90min
session with Andrew Keene!
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