Surprised That There Were No Surprises

This week’s Market Update is posted at Alpha Baskets and includes the following;

A quick update on Turkey after the coup attempt on July 15th; President Erdogan has implemented a three month state of emergency which depending on one’s viewpoint will allow him to stabilize the political situation or grab more power. Equities in Turkey declined 12% for the week while the lira fell about 2%. Turkey’s sovereign debt has been downgraded by S&P to BB, a junk status. Barron’s reports that its ten year bond now yields 4.6% which seems a little low being about a week removed from a failed coup.

Please click through to read the entire update.

The first picture is my favorite looking car from my NASCAR visit a year and a half ago, filtered to look neon green.


The second picture is a close up of a buggy from the Mint 400 Off Road race from March.


The last picture is from Kenan Memorial Stadium, home of the University of North Carolina Tar Heels.


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