The Traderszone Network

Piper Jaffray’s Craig Johnson tells CNBC the secular bull market in stocks remains intact.

Former executives from UBS, Nymex and Goldman Sachs tried to cash in on Wall Street and cloud computing – and lost big.

S&P 500 down 38 points shortly after the open
Futures were pointing to a 50 point loss so that’s a small victory. The side effects are evident in USD/JPY as it rebounds to 120.10 from 119.65 at the start of US trading.

Risk parity is all the rage right now, though not in the way you might think. In fact, the strategy may have just exacerbated one of the largest selloffs ever

Oil expert John Kilduff, who’s been correctly calling crude’s plunge, tells CNBC the recent surge higher in prices won’t continue.

RBC Canadian Manufacturing PMI
The 49.4 takes the index below the 50 level suggesting a contraction in the Canadian manufacturing sector. The index was below the 50 reading from February to May. In June the index moved to 51.3 which was the high for the calendar year.

The chipmaker is looking to the drone market to fill out its Internet of Things ambitions.