Succinct Summations week ending July 25th 2014 Positives: 1. S&P 500 made a new all-time highs. 2. US Initial jobless claims came in at 284k well below the 307k expected and the lowest reading since February ‘06. 3. Existing home sales came in at 5.04M annualized, better than expected. May numbers were also revised higher. 4. European July manufacturing rose to 54, a 3-month high and above expectations. 5. AAII showed the fewest bulls since early May, healthy to shake out the weak hands. 6. June CPI rose .3% core rose .1%, in line with expectations. 7. German consumer confidence rose to the highest levels since ’06; ... (full story)