FOMC Minutes Released As Stocks End Green On Hump Day – $AAPL $KDNY $INM $INMB $INVO $RIVN Rise!

Hump Day’s stock market session was met with the release of the FOMC Minutes, which reconfirmed the Fed’s will to restore price stability is still in place, but they added that a ‘more restrictive’ policy may lie ahead. A number of macroeconomic reports were also released that left a bit of a mixed picture. The schedule included the Weekly MBA Mortgage Applications Index report that came in off 5.4% W/W, the June IHS Markit Services PMI report came in at 52.7, & the June ISM Non-Manufacturing Index came in at 55.3%.

The stock market major indices started in the green today, then traded in the red for about +3 hours, and then ended slightly in the green. The S&P 500 closed at 3,845.08 (+.36%) with 8 of the 11 sectors closing in the green. The energy sector dropped 1.7% as oil prices receded again to close at $98.69/bbl. The financials sector off .3% & the consumer discretionary sector off .2% rounded out the bottom three that ended in the red. The three top sectors were the utilities  sector that ended up 1%, the information technology sector that closed up .9%, & the health care sector that ended up .7%.  The Dow ended the session higher at 31,037.68 (+.23%). The Nasdaq closed at 11,361.85 (+.35%). The NYSE saw advancers outpace the decliners by a margin of 11-5 by the end of the day while the Nasdaq’s margin was 8-5 in favor of the advancers.

However, the small caps on the Russell 2000 failed to close in the green coming in at 1,727.55  off the very same .79% that it gained on Tuesday.  The MicroCaps also closed lower across the board as the iShares Micro-Cap ETF (IWC) closed at $106.41, -.34%. Biotech stocks also in general traded flat after yesterdays health mover higher.  The SPDR S&P Biotech ETF (XBI) closed at $81.01, +.02%. The 52-wk range is now $61.78 – $141.50. The iShares Biotechnology ETF (IBB) closed at $122.79,-.02%. The 52-range is $105.38 – $177.37. 

The yield curve rose, but remained inverted. The 2-yr treasury yield closed up 12 basis points at 2.94%, while the 10-yr yield rose basis points to close at 2.91%. A decent measure of the markets volatility or the CBOE Volatility Index (^VIX) closed at $26.73, closing down .2.94% and traded within the range of $26.43 – $28.07.

Around the money and precious metals’ tree, the U.S. Dollar Index rose once again and closed at 107.06, +.5% & Bitcoin (BTC) move higher again to $20,363.76, +.51% over the last 24-hours at the time of this writing.  Gold prices closed at $1,741/oz., -$29/oz. & silver closed at $19.22/oz., -$.04/oz. on the day. Two mining producers closed the day as follows:  Hecla Mining Company (HL) closed at $3.61, +0.00% and First Majestic Silver Corp. (AG) closed at $6.85, -.15%. On July 5, Hecla Mining and Alexco Resource Corp. (NYSE American: AXU) (TSX: AXU) announced a definitive agreement for Hecla to acquire all of the outstanding common shares of Alexco that Hecla does not already own. Each outstanding common share of Alexco will be exchanged for 0.116 of a share of Hecla common stock implying consideration of US$.47 per Alexco common share and a premium of 23% based on the companies’ 5-day volume weighted average price on the NYSE and NYSE American on July 1, 2022. In addition, Hecla will (i) provide interim financing to provide working capital and ensure the development and exploration at Keno Hill continues to be advanced and (ii) subscribe for additional common shares bringing its ownership stake to 9.9%. Hecla has also entered into an agreement with Wheaton Precious Metals Corporation (WPM) to terminate its silver streaming interest at Alexco’s Keno Hill property in exchange for US$135 million of Hecla common stock conditional upon the completion of Hecla’s acquisition of Alexco. 

Economic Reports

On Monday, no economic data reports surfaced on July 4th holiday.

On Tuesday, the factory orders for manufactured goods report confirmed a 1.6% M/M rise in May, while shipments of manufactured goods came in up 1.8%.

Investing & Inspiration

1. “The return we reap from generous actions is not always evident.” – Francesco Guicciardini

2. “Courage is knowing what not to fear.” – Plato

3. “Science may never come up with a better office communication system than the coffee break.” – Earl Wilson

4. “Progress was all right. Only it went on too long.” – James Thurber

5. “If you would know strength and patience, welcome the company of trees.” – Hal Borland

6. “We aim above the mark to hit the mark.” – Ralph Waldo Emerson

7. “Hope is being able to see that there is light despite all of the darkness.” – Desmond Tutu

8. “Our chief want is someone who will inspire us to be what we know we could be.” – Ralph Waldo Emerson

9. “Patience is a virtue, and I’m learning patience. It’s a tough lesson.” – Elon Musk

10. “Great things are done when men and mountains meet.” – William Blake

11. “The man who has no imagination has no wings.” – Muhammad Ali

12. “Formula for success: rise early, work hard, strike oil.” – J. Paul Getty

13. “Action is the foundational key to all success.” – Pablo Picasso

14. “Hope is like the sun, which, as we journey toward it, casts the shadow of our burden behind us.” – Samuel Smiles

    “The backbone of surprise is fusing speed with secrecy.” – Carl von Clausewitz

15. “There are no shortcuts in evolution.” – Louis D. Brandeis

16. “I am fascinated by what is beautiful, strong, healthy, what is living. I seek harmony.” – Leni Riefenstahl
17. “If one advances confidently in the direction of his dreams, and endeavors to live the life which he has imagined, he will meet with a success unexpected in common hours.” – Henry David Thoreau
18. “Waste no more time arguing about what a good man should be. Be one.” – Marcus Aurelius
19. “It is during our darkest moments that we must focus to see the light.” – Aristotle Onassis
20. “Courage is fear holding on a minute longer.” – George S. Patton
21. “You must be the change you wish to see in the world.” – Mahatma Gandhi
22. “Don’t judge each day by the harvest you reap but by the seeds that you plant.” – Robert Louis Stevenson 
23. “It is in the character of very few men to honor without envy a friend who has prospered.” – Aeschylus
24. “Life is a series of natural and spontaneous changes. Don’t resist them – that only creates sorrow. Let reality be reality. Let things flow naturally forward in whatever way they like.” – Lao Tzu
25. “The more you praise and celebrate your life, the more there is in life to celebrate.” – Oprah Winfrey
26. “Anything simple always interests me.” – David Hockney
27. “He who angers you conquers you.” – Elizabeth Kenny
28. “Concision in style, precision in thought, decision in life.” – Victor Hugo
29. “The secret of genius is to carry the spirit of the child into old age, which means never losing your enthusiasm.” – Aldous Huxley
30. “View health as an investment, not an expense.” – John Quelch
31. “The most effective way to do it, is to do it.” – Amelia Earhart
32. “Man needs his difficulties because they are necessary to enjoy success.” – A. P. J. Abdul Kalam
33. “Do not dwell in the past, do not dream of the future, concentrate the mind on the present moment.” – Buddha
34. “Nobody made a greater mistake than he who did nothing because he could do only a little.” – Edmund Burke
35. “You must do the things you think you cannot do.”- Eleanor Roosevelt
36. “Success is dependent on effort.” – Sophocles
37. “Nobody who ever gave his best regretted it.” – George Halas
38. “Lots of people want to ride with you in the limo, but what you want is someone who will take the bus with you when the limo breaks down.” ~ Oprah Winfrey
39. “And when I breathed, my breath was lightning.” – Black Elk
40. “Moderation is the silken string running through the pearl chain of all virtues.” – Joseph Hall
41. “You are the sum total of everything you’ve ever seen, heard, eaten, smelled, been told, forgot – it’s all there. Everything influences each of us, and because of that I try to make sure that my experiences are positive.” – Maya Angelou
42. “If you want a guarantee, buy a toaster.” – Clint Eastwood
43. “We are an impossibility in an impossible universe.” – Ray Bradbury
44. “If you think in terms of a year, plant a seed; if in terms of ten years, plant trees; if in terms of 100 years, teach the people.” – Confucius
45. “I’d rather attempt to do something great and fail than to attempt to do nothing and succeed.” – Robert H. Schuller
46. “Do your little bit of good where you are; it’s those little bits of good put together that overwhelm the world.” Desmond Tutu
47. “It takes considerable knowledge just to realize the extent of your own ignorance.” – Thomas Sowell
48. “Do not dwell in the past, do not dream of the future, concentrate the mind on the present moment.” – Buddha”
49. Surprise is the greatest gift which life can grant us.” –  Boris Pasternak
50. “Trust in dreams, for in them is hidden the gate to eternity.” – Khalil Gibran 
51. “Always be yourself, express yourself, have faith in yourself, do not go out and look for a successful personality and duplicate it.” – Bruce Lee
52. “All life is an experiment. The more experiments you make the better.” – Ralph Waldo Emerson
53. “There are no secrets to success. It is the result of preparation, hard work, and learning from failure.” –  Colin Powell
54. “There is more to life than increasing its speed.” – Mahatma Gandhi
55. “Your attitude is like a box of crayons that color your world. Constantly color your picture gray, and your picture will always be bleak. Try adding some bright colors to the picture by including humor, and your picture begins to lighten up.” – Allen Klein
56. “Definiteness of purpose is the starting point of all achievement.” – W. Clement Stone
57. “Success usually comes to those who are too busy to be looking for it.” – Henry David Thoreau
58. “In matters of truth and justice, there is no difference between large and small problems, for issues concerning the treatment of people are all the same.” – Albert Einstein
59. “Life is too short for long-term grudges.” – Elon Musk
60. “There cannot be a crisis next week. My schedule is already full.” – Henry Kissinger
61. “Success consists of getting up just one more time than you fall.” – Oliver Goldsmith
62. “The Earth is the cradle of humanity, but mankind cannot stay in the cradle forever.” – Konstantin Tsiolkovsky
63. “Ours is a world of nuclear giants and ethical infants. We know more about war that we know about peace, more about killing that we know about living.” – Omar N. Bradley
64. “Beauty surrounds us, but usually we need to be walking in a garden to know it.” – Rumi
65. “But man is not made for defeat. A man can be destroyed but not defeated.” – Ernest Hemingway
66. “Don’t watch the clock; do what it does. Keep going.” – Sam Levenson
67. “Let there be work, bread, water and salt for all.” – Nelson Mandela
68. “The social object of skilled investment should be to defeat the dark forces of time and ignorance which envelope our future.” – John Maynard Keynes
69. “A successful society is characterized by a rising living standard for its population, increasing investment in factories and basic infrastructure, and the generation of additional surplus, which is invested in generating new discoveries in science and technology.” – Robert Trout
70. “I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones.” – Albert Einstein
71. “It is the fight alone that pleases us, not the victory.” – Blaise Pascal
72. “If you can’t describe what you are doing as a process, you don’t know what you’re doing.” – W. Edwards Deming
73. “Never interrupt your enemy when he is making a mistake.” – Napoleon Bonaparte
74. “Be sure you put your feet in the right place, then stand firm.” – Abraham Lincoln
75. “Without investment there will not be growth, and without growth there will not be employment.” – Muhtar Kent
76. “You have to do your own growing no matter how tall your grandfather was.” – Abraham Lincoln
77. “Victory has a thousand fathers, but defeat is an orphan.” – John F. Kennedy
78. “Delete the negative; accentuate the positive!” – Donna Karan
79. “It’s crazy how fast time flies and how things progress.” – Nathan Chen
80. “The world is a dangerous place to live; not because of the people who are evil, but because of the people who don’t do anything about it.” – Albert Einstein
81. “Life isn’t about finding yourself. Life is about creating yourself.” – George Bernard Shaw
82. “Everything has beauty, but not everyone sees it.” – Confucius
83. “A man must be big enough to admit his mistakes, smart enough to profit from them, and strong enough to correct them.” – John C. Maxwell
84. “Walking with a friend in the dark is better than walking alone in the light.” – Helen Keller
85. “A man who dares to waste one hour of time has not discovered the value of life.” – Charles Darwin
86. “The greater danger for most of us lies not in setting our aim too high and falling short; but in setting our aim too low, and achieving our mark.” – Michelangelo
87. “Progress is man’s ability to complicate simplicity.” – Thor Heyerdahl
88. “I like to encourage people to realize that any action is a good action if it’s proactive and there is positive intent behind it.” – Michael J. Fox
89. “Nothing is impossible, the word itself says ‘I’m possible’!” – Audrey Hepburn
90. “But investment in space stimulates society, it stimulates it economically, it stimulates it intellectually, and it gives us all passion.” – Bill Nye
91. “Bitcoin, in the short or even long term, may turn out be a good investment in the same way that anything that is rare can be considered valuable. Like baseball cards. Or a Picasso.” – Andrew Ross Sorkin
92. “Life is a tragedy when seen in close-up, but a comedy in long-shot.” – Charlie Chaplin
93. “No matter what you’re going through, there’s a light at the end of the tunnel and it may seem hard to get to it but you can do it and just keep working towards it and you’ll find the positive side of things.” – Demi Lovato
94. “Infrastructure investment in science is an investment in jobs, in health, in economic growth and environmental solutions.” – Oren Etzioni
95. “Educating our children and giving them the skills they need to compete in a global economy is a smart investment in our country’s future.” – Sheldon Whitehouse
96. “Know thy self, know thy enemy. A thousand battles, a thousand victories.” – Sun Tzu
97. “If one does not know to which port one is sailing, no wind is favorable.” – Lucius Annaeus Seneca
98. “Beware of missing chances; otherwise it may be altogether too late some day.” – Franz Liszt
99. “The sofa is a really important investment for anybody, and I don’t mean financially. You need to find a really great sofa that can transition with you, and you can build from there.” – Jeremiah Brent
100. “There is no investment you can make which will pay you so well as the effort to scatter sunshine and good cheer through your establishment.” – Orison Swett Marden
101. “Nothing in life is to be feared, it is only to be understood. Now is the time to understand more, so that we may fear less.” – Marie Curie
102. “There is little that can withstand a man who can conquer himself.” – Louis XIV
103. “In tennis, you strike a ball just after the rebound for the fastest return. It’s the same with investment.” – Masayoshi Son
104. “A camel makes an elephant feel like a jet plane.” – Jackie Kennedy
105. “The advance of technology is based on making it fit in so that you don’t really even notice it, so it’s part of everyday life.” – Bill Gates
106. “Success depends upon previous preparation, and without such preparation there is sure to be failure.” – Confucius, Chinese 
107. “Coming together is a beginning; keeping together is progress; working together is success.” – Edward Everett Hale
108. “Never do anything against conscience even if the state demands it.”– Albert Einstein
109. “Education is not only a ladder of opportunity, but it is also an investment in our future.” – Ed Markey
110. “The true measure of a man is how he treats someone who can do him absolutely no good.” – Samuel Johnson
111. “In my view, the biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital. Not only is the mere drop in stock prices not risk, but it is an opportunity. Where else do you look for cheap stocks?” – Li Lu
112. “A successful society is characterized by a rising living standard for its population, increasing investment in factories and basic infrastructure, and the generation of additional surplus, which is invested in generating new discoveries in science and technology.” – Robert Trout
113. “The best preparation for tomorrow is doing your best today.” – H. Jackson Brown, Jr.
114. “Friendship marks a life even more deeply than love. Love risks degenerating into obsession, friendship is never anything but sharing.” – Elie Wiesel
115. “Investing in women’s lives is an investment in sustainable development, in human rights, in future generations – and consequently in our own long-term national interests.” – Liya Kebede
116. “Success isn’t measured by money or power or social rank. Success is measured by your discipline and inner peace.” – Mike Ditka
117. “No matter how many goals you have achieved, you must set your sights on a higher one.” – Jessica Savitch 
118. “Start where you are. Use what you have. Do what you can.”– Arthur Ashe
119. “The secret of getting ahead is getting started.” – Mark Twain
120. “The amount of work and the amount of both physical and emotional investment it takes to get to the top.” – Drew Bledsoe