The earnings season has started very well, like Goldman Sachs or JP Morgan, which recorded a 36% increase in profits in one year. Leading indicators have confirmed the trend and allowed the equity markets to be well again to return the 3200 points, with a passage in the 3000 flash points. The ISM index on the business climate has experienced very strong growth in June 47. Retail sales in the United States are resistant (+0.2%), favored by a price effect linked to the recent rise of oil. Job losses in the United States began to decline significantly. Inflation rates are near zero or even negative, favoring short-term purchasing power of households. After a decline in GDP