Major indices inch higher. ECB corporate bond buying kicks off. JOLTS report. World Bank cuts forecast. Dollar down, commodities up. The 800 pound gorilla. 154 more days. Financial Review by Sinclair Noe for 06-08-2016 DOW + 66 = 18,005 SPX + 6 = 2119 NAS + 12 = 4974 10 Y – .01 = 1.70% OIL + 1.01 = 51.37 GOLD + 18.90 = 1263.10   The Dow closed above 18,000 for the first time since April.   The European Central Bank’s corporate-bond buying program kicked off this morning with the bank buying debt issued by companies including Anheuser-Busch InBev, Telefonica, Siemens, and Renault. Borrowing costs in Europe had already fallen to unprecedented levels with the average yield on investment-grade company notes in euros dropping to 1 percent this week. In the sovereign debt space, where the ECB also continues to be a buyer, the yield on Germany’s 10-year bund is within a hair of turning negative, falling to (yet another) record low of 0.033 percent this morning.   Commerzbank, one of Germany’s biggest lenders, is examining the possibility of hoarding billions of euros in vaults rather than paying a penalty charge for parking it with the European Central Bank. Such a move by a bank part-owned by the German government would represent one of the most substantial protests yet against the ECB’s ultra-low rates. Although no decision has yet been taken, the lender has held discussions on the matter with German authorities.   The bulk of negative-yielding debt is concentrated in Japan and Europe. Globally, the total is now $10.4 ...