WC Overtime Report – someone finally won (Argentina)…let’s gear up for Sunday and in the meantime let’s recap those Fed Minutes!

World Cup update:  Argentina beats Netherlands in a Shootout

  • It came down to penalty kicks after 120 minutes without a goal and there Argentina beat the Netherlands 4 to 2 and advances to play Germany on Sunday.
  • Really nothing else to say – let’s wait for Sunday’s game!

 Lionel Messi (forward – Argentina) after the win.  

Photo:  Dylan Martinez/Reuters

Finance:  Market came back up as a reaction to the Fed Minutes were released today

Markets came back up today as a result of Fed Meeting Minutes being released:

  • Dow: 16,985.61, +79, (+0.5%)
  • S&P 500: 1,972.83, +9.1, (+0.5%)
  • Nasdaq: 4,419.03, +27.6, (+0.6%)

What did the Minutes say exactly?

  • The Fed indicated that their QE or Quantitative Easing would be ending.  This was the bond buying program that started at the end of 2008 during the height of the financial crisis will end in October.
  • This was one of the most controversial efforts programs and the Fed has already reduced bond buying to $35B/month.
  • So what exactly does this mean?  It essentially signals that Fed officials have overall confidence that moderate economic growth will continue and unemployment and inflation will gradually move towards the central bank’s targets.

A couple other financial notes (since there were not too many sports updates…)

  • Container Store:  Yesterday the Container Store reported that store comps (sales in store YOY) fell .8% which resulted in a net loss of $.07/share.  This came as a surprise as many view the high stock market and economy that is recovering this helps to question the economy and consumer spending.
  • Tech:  Rebounded with Cisco Systems and Facebook shares rising but Micron Technology shares slumped dragging down the tech sector.

 

love love love Taylor + happy bday WSJ (150yrs):  Something to check out – WSJ’s (Wall Street Journal) 150th birthday and they interviewed various influential people on their thoughts of the future.  Taylor Swift talked about music’s future and it was introspective and I loved it!

http://online.wsj.com/articles/for-taylor-swift-the-future-of-music-is-a-love-story-1404763219#

Photo:  Getty Images

 

 

 

 

 

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