Thursday, June 3, 2010

· Week of Mon June 7 – lots of important events to watch: 1) G20 fin min meeting (communiqué out Sat 6/5; on the whole prob. non-event); 2) ECB meeting on Thurs (recall after last meeting sp500 sold off 3.2% due to failure to address investor worries on sov debt); 3) new circuit breaker rules to be tested starting Mon; 4) Congress returns from recess – watch for resumption of fin reg reform reconciliation process; 5) Sen Lincoln run-off election June 8 (getting this out of the way could pave the way for amendment to be removed from legislation); 6) AAPL WWDC on Mon June 7 (expected to unveil next-gen iPhone); 7) earnings – NSM is the first company w/a May-end Q to post earnings (they come on Thurs); 8) semis – important data points w/ALTR and TXN mid-Q updates and NSM earnings

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