Major economic & market developments for the week ended 6/16/17
•Retail sales slow in May; electronics, appliances & department stores weakest –online strong
•Contrasting momentum in regional economies, led by Eastern Europe; No. America moderating
•Crude oil breaks through 6 month lows on continuing supply glut
•Big news of the week: Amazon to buy Whole Foods in $13.7 billion deal; Will Trump prevent it?
•Trump Administration expected to announce Exec Order on Pharma pricing soon
•S & P 500: Uptrend remains in-tact, with two week period of consolidation
•Group Rotation: Healthcare strengthens; Technology moderates
•Will Congress break with tradition?