Post by phoebear611 on Jun 27, 2014 2:43:35 GMT -8
Good morning and TGIF...
IMPORTANT: TODAY IS THE RUSSELL REBALANCING: On the last Friday of every June, the contents of the Russell equity indexes are rebalanced. This annual event impacts more than $5.2 trillion in assets. Expect volatility in affected names.
From a trading website (Schaeffer's) : Why does this matter to us?
"… the impact and scope of these changes extend far beyond our index lab. As of December, 2013, this annual event impacts more than $5.2 trillion in assets benchmarked to the Russell Indexes and nearly $800 billion invested directly in products based on the Russell Indexes. It's a recalibration process that is important to a huge percentage of retail and institutional investors. Consider that 73% of all U.S. institutional equity products are benchmarked to Russell Indexes, over $120 billion in ETF assets are benchmarked to Russell Indexes and nine of the 10 most-used U.S. equity benchmarks for institutional assets are from Russell."
While you were sleeping:
- Asia: in the red except for the Hang Seng
- Europe: all green
- US futures: red
- AAPL in PM: $91.00 (+0.10 or 0.11%) on only 7.2k shares
Snapshot news on AAPL:
- Cnet: Walmart to cut iPhone 5C and 5S prices on Friday: mail.google.com/mail/u/0/#inbox/146d9effdc6674e2
- appleinsider: Apple continues to improve App Store discoverability with 'Best New Updates' section for games: appleinsider.com/articles/14/06/27/apple-continues-to-improve-app-store-discoverability-with-best-new-updates-section-for-games
- Cult of Mac: Apple’s iWatch team picks up another biosensor expert: www.cultofmac.com/285262/apples-iwatch-team-picks-another-biosensor-expert/
- apple.com: Apple Brings Vibrant Colors & iSight Camera to Most Affordable iPod touch Model: www.apple.com/pr/library/2014/06/26Apple-Brings-Vibrant-Colors-iSight-Camera-to-Most-Affordable-iPod-touch-Model.html?utm_source=loopinsight.com&utm_medium=referral&utm_campaign=Feed%3A+loopinsight%2FKqJb+(The+Loop)&utm_content=FeedBurner
- BGR : Apple isn’t letting Google control your home without a fight: bgr.com/2014/06/26/apple-smart-home-hardware/
We could have a PIN today ... it remains the same since Weds. at $90.71
Enjoy the day and will meet up with you at the bar tonight!
IMPORTANT: TODAY IS THE RUSSELL REBALANCING: On the last Friday of every June, the contents of the Russell equity indexes are rebalanced. This annual event impacts more than $5.2 trillion in assets. Expect volatility in affected names.
From a trading website (Schaeffer's) : Why does this matter to us?
"… the impact and scope of these changes extend far beyond our index lab. As of December, 2013, this annual event impacts more than $5.2 trillion in assets benchmarked to the Russell Indexes and nearly $800 billion invested directly in products based on the Russell Indexes. It's a recalibration process that is important to a huge percentage of retail and institutional investors. Consider that 73% of all U.S. institutional equity products are benchmarked to Russell Indexes, over $120 billion in ETF assets are benchmarked to Russell Indexes and nine of the 10 most-used U.S. equity benchmarks for institutional assets are from Russell."
While you were sleeping:
- Asia: in the red except for the Hang Seng
- Europe: all green
- US futures: red
- AAPL in PM: $91.00 (+0.10 or 0.11%) on only 7.2k shares
Snapshot news on AAPL:
- Cnet: Walmart to cut iPhone 5C and 5S prices on Friday: mail.google.com/mail/u/0/#inbox/146d9effdc6674e2
- appleinsider: Apple continues to improve App Store discoverability with 'Best New Updates' section for games: appleinsider.com/articles/14/06/27/apple-continues-to-improve-app-store-discoverability-with-best-new-updates-section-for-games
- Cult of Mac: Apple’s iWatch team picks up another biosensor expert: www.cultofmac.com/285262/apples-iwatch-team-picks-another-biosensor-expert/
- apple.com: Apple Brings Vibrant Colors & iSight Camera to Most Affordable iPod touch Model: www.apple.com/pr/library/2014/06/26Apple-Brings-Vibrant-Colors-iSight-Camera-to-Most-Affordable-iPod-touch-Model.html?utm_source=loopinsight.com&utm_medium=referral&utm_campaign=Feed%3A+loopinsight%2FKqJb+(The+Loop)&utm_content=FeedBurner
- BGR : Apple isn’t letting Google control your home without a fight: bgr.com/2014/06/26/apple-smart-home-hardware/
We could have a PIN today ... it remains the same since Weds. at $90.71
Enjoy the day and will meet up with you at the bar tonight!