Oversea markets: Shanghai+0.50%, Japan-0.95%, Hong Kong -0.27%, Germany-0.16%, UK-0.13%, France -0.13%.
Weak sectors: IYR, GDXJ, GDX, SLV, IBB, PPH, XRT Strong sectors: XLF
US stock market opened down after S&P 500 broke to all time high briefly yesterday. Small cap index Russell 2000 down the most by 0.82% is especially weak today compare with Dow +0.1%, S&P 500 -0.09% and Nasdaq Composite -0.19%. Since the S&P 500 is the only index that hit all time high yesterday, whether it can go and stay above yesterday's high (2958) today is important. After a strong V shape total recovery from last December low, S&P 500 is overbought. The strong performance of the US stock market has reflected most of the good news on US/China trade talk and interest rate cut. In the face of escalating Iran tension and forth coming worrisome Q2 earnings, what is there to serve as catalyze to drive the market higher is the question. Technically, the sharp 100% recovery has a good chance for the index to form Double Top. US stock market needs rest and correction.
。The New York Times and WSJ report, citing a handful of senior officials, that the president was prepared to attack a number of Iranian targets, including radar and missile batteries. However, he eventually gave the word to stand down, with the NYT reporting that Trump chose to pull US military forces back, though it isn't clear why. ---Zero Hedge
。U.S. gasoline prices move higher following an explosion and massive fire at the Philadelphia Energy Solutions refinery, the largest gas refinery on the east coast. There are no known casualties at the complex, which employs ~1,000 people. The crude section at the Girard Point portion of the 335K bbl/day refinery reportedly was shut down due to the fire. ---Seeking Alpha
。Gold （GLD）has been on a monster run since the Federal Reserve hinted Wednesday that it could cut interest rates in the coming months. Analysts are generally upbeat on gold, which they see supported by worries about the global economy and trade and possible equity downturns. Citigroup analysts say the metal could reach between $1,500 to $1,600 an ounce in the next 12 months, and $1,500 by end-2019 in the most optimistic of their new predictions for the metal. ---Market Watch
。Baird lowers its Micron (MU) target from $32 to $28 while maintaining an Underperform rating. Analyst Tristan Gerra says DRAM and NAND inventories are currently about double the normal levels in the supply chain after Q/Q deterioration.Gerra thinks the NAND downturn could stretch "well into 2020." ---Seeking Alpha
。Canopy Growth (CGC): Q4 Non-GAAP EPS of -C$0.98 misses by C$0.66. Net revenue of C$94.1M (+312.5% Y/Y) beats by C$0.41M. ---Seeking Alpha
。Center for Consumer Freedom, launched an ad campaign alleging many plant-based meat products could include traces of toxic chemicals. Breanne Kincaid, the center’s research director, told CNBC’s “Fast Money” Thursday that some plant-based meat products are exposed to a chemical called Hexane when it is being processed. The group doesn’t know if the chemical is used in Beyond Meat’s (BYND)product. ---CNBC
Jefferies cut Tesla (TSLA) price target to $300 a share from $400, compared with an average of $270.4 among analysts surveyed by Bloomberg. The shares are down 34% year-to-date, closing at $219.6 on Thursday. Meanwhile, R.W. Baird, another broker with a buy rating on Tesla, on Friday raised its price target to $355 a share from $340, saying it expects the stock to react positively to quarterly delivery numbers in the first week of July given current low expectations. ---Bloomberg
Long-time critic of Goldman Sachs (NYSE:GS), analyst Dick Bove of Odeon Capital Group upgrades the bank to buy from hold as it dominates corporate dealmaking and improves its asset management business. ---Seeking Alpha
太平洋时间早上7:30：道指+ 25.90，标普500 - 6.55，纳斯达克-15.35，罗素2000 -12.81，WTI原油+ 0.47％，黄金+ 0.37％，美元指数 - 0.12％，10年期国债收益率2.038％+ 0.037
海外市场：上海+ 0.50％，日本-0.95％，香港-0.27％，德国-0.16％，英国-0.13％，法国-0.13％。
弱势领域：IYR，GDXJ，GDX，SLV，IBB，PPH，XRT强势领域：XLF
昨天标准普尔500指数突破历史新高之后，美国股市今早开盘下跌。小型股指数罗素2000指数今日特别疲弱，下跌0.82％，道指+ 0.1％，标准普尔500 -0.09％和纳斯达克综合指数-0.19％。由于标准普尔500指数昨日是创建新高的唯一指数，因此它今天是否能够保持在昨天的高点（2958点）之上是非常重要的。经过自去年12月低点的强劲V形复苏后，标准普尔500指数处于超买状态。美国股市的强劲表现已反映了美中贸易谈判和降息的大部分好消息。而面对不断升级的伊朗紧张局势以及即将到来令人担忧的第二季度财报，有什么可以作为催化剂推动市场走高是个问题。从技术上讲，急剧的100％复苏很可能使指数形成双顶。美国股市需要休整和修正。
。“纽约时报”和“华尔街日报”援引少数几位高级官员的报道说，总统准备袭击伊朗的一些目标，包括雷达和导弹电池。然而，他终于选择不采取行动。纽约时报报道特朗普选择撤回美国军队，但目前尚不清楚原因。 --- Zero Hedge
。美国汽油价格在费城能源解决方案炼油厂（东海岸最大的天然气炼油厂）发生爆炸和大火之后走高。该建筑群雇用约1,000人但没有人员伤亡。据报道，每日生产335K桶原油的炼油厂Girard Point的原油部分因火灾而关闭。 ---Seeking Alpha
。自美联储周三暗示可能在未来几个月内降息以来，黄金一直在疯狂上涨。花旗集团分析师普遍对黄金持乐观态度，他们认为受到对全球经济和贸易以及可能出现的股市下滑的担忧支撑。分析师称，未来12个月该金属价格可能在1,500美元至1,600美元之间，而2019年底金价可能达到1,500美元。这是他们对该金属的新预测中最为乐观的。 ---Market Watch
。Baird将其美光（MU）目标价从32美元下调至28美元，同时维持在跑输大盘评级。分析师特里斯坦杰拉表示，在季对季恶化之后，DRAM和NAND库存目前大约是供应链正常水平的两倍. Gerra认为NAND衰退可能“延伸到2020年”。 ---Seeking Alpha
。Canopy（CGC）：第四季度非GAAP每股盈利-0.98加元低于预期0.66加元。净收入为9410万加元（同比增长312.5％），达到0.41亿加元。 ---Seeking Alpha
。消费者自由中心发起了一项广告宣传活动，宣称许多植物性肉类产品可能含有微量有毒化学物质。该中心的研究主管Breanne Kincaid周四告诉CNBC的“Fast Money”，一些植物性肉制品在加工时会接触到名为己烷的化学物质。该集团不知道该化学品是否用于Beyond Meat（BYND）产品。 --- CNBC
。Jefferies下调Tesla（TSLA）目标价至每股$ 300从$ 400而彭博社调查的分析师们平均为目标价则为$ 270.4。该股今年迄今下跌34％，周四收于219.6美元。与此同时，将特斯拉平为买入评级的另一家经纪商R.W.Bird周五将其目标价格从340美元上调至每股355美元，并表示预计该股将在7月第一周对季度交割数据作出积极反应，而目前的预期较低。 ---彭博
。长期以来一直批评高盛（GS）的 Odeon Capital Group的分析师Dick Bove将GS升级为买入，因为它主导了公司交易，并改善了其资产管理业务。 ---Seeking Alpha
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