- Ricardo Arduengo/Associated Press
News, analysis and curiosities to ease your commute home.
It’s official: The first half of 2015 stunk for U.S. stocks. Monday’s steep selloff took the Dow into negative territory for the year, and Tuesday’s modest, very modest, rebound wasn’t enough to offset that. The S&P 500 isn’t faring much better, up a scant 0.2{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6} through the first six months of 2015.
The Fed hasn’t even started raising rates, either.
There wasn’t much reason to buy on Tuesday. While the Greece crisis didn’t produce any new bombshells, it offered only the slightest glimmers of hope. Greece will default on an IMF loan today, as expected. Tsipras apparently is lobbying for a new bailout deal, but his offer was swiftly rejected.
Here’s your afternoon reading:
– Puerto Rico’s crisis deals a blow to munis – MoneyBeat
– Greece set to default on IMF loan while it lobbies for new bailout deal – WSJ
– U.S. stocks closed out tepid quarter with minor gains – WSJ
– Where did the Greek bailout money go? – The Guardian
– The Irish narrative, and a warning to Europe – Irish Times
– Good luck, ladies! USA vs. Germany in the Women’s World Cup tonight – NPR
– Interview with a bookstore: The Strand – Lit Hub (h/t, Passive Voice)
– Apple Music: what to know before you stream – Speakeasy
– A musical interlude: The Waterboys: Fisherman’s Blues – YouTube
– The Teva guide to becoming a cool brand – Digiday
Tweet of the day:
Stat Of The Day: Barring a 1.3{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6} rally in the $DJIA tomorrow, it will be the 1st negative 1st Half of Presidential Cycle Year 3 since 1939
— Dana Lyons (@JLyonsFundMgmt) June 29, 2015
SOURCE: MoneyBeat – Read entire story here.
