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[Yahoo/Bloomberg] S&P 500 Drops 1% as Global Chipmakers Slump: Markets Wrap [Reuters] Trump’s Taiwan talk rattles Wall Street as chip stocks tumble [Reuters] Yen jumps on suspected intervention, sterling hits one-year high [Reuters] Trump says Taiwan should pay for defence, sending TSMC stock down [Reuters] Morning Bid: Small caps soar in catch-up rotation, Trump jars […]
Gold Will Break To The Upside There’s Not Enough Growth To Support The Debt Housing Prices To Fall “Argentina’s stock market, new high. Turkey’s stock market, new high. Pakistan’s market, new high. What do these things have in common? Currencies that are getting filleted. It’s gold in those currencies that has kept the value, not […]
[Yahoo/Bloomberg] US Treasuries Rally as Faith in Fed Pivot Grows: Markets Wrap [Reuters] Gold rises with US rate cut optimism, close to record high [Reuters] Oil falls on lingering demand concerns in China [Reuters] Japan keeps up yen warnings; 6 trillion yen, 2-day intervention suspected [Reuters] US retail sales unchanged in June, beating forecasts for […]
Last week we discussed in this space the immense number of things that people “know” that aren’t so. When this author was young, the world was threatened with prophecies of a new ice age due to human impact on climate. Twenty-five years ago, it was global warming. Now, people from impressionable college students to officials […]
[Yahoo/Bloomberg] US Curve Steepens as Traders Bet on Trump Return: Markets Wrap [Yahoo/Bloomberg] Oil Wavers With Trump Attack and Chinese Economic Data in Focus [Yahoo/Bloomberg] Emerging-Market Currencies Under Threat as Trump Odds Rise [Reuters] Morning Bid: Trump shooting ricochets in Treasuries [Reuters] Powell opens key week of Fedspeak as rate cut case develops [Yahoo/Bloomberg] The […]
[Yahoo/Bloomberg] Haven rush, ‘Trump Trades’ on investor minds after shooting [Yahoo/Bloomberg] Correlations Between Credit and Equities Are Breaking Down [Yahoo/Bloomberg] ECB May Prime Markets for September Rate Cut [Bloomberg] La Niña to Put Another Dent in Emerging-Market Bond Returns [Bloomberg] Kremlin Says NATO Summit Outcome Is ‘Threatening’ to Russia [WSJ] A Nation on Edge Fears […]
Still Dancing In July of 2007, Citigroup CEO Chuck Prince laid out his strategy for running Citigroup amid a growing recognition of risks on the eve of what would soon become the Great Financial Crisis. In a financial hall-of-fame highlight-reel moment that hasn’t exactly aged well, Prince infamously said that “When the music stops, in […]
[Yahoo/Bloomberg] Charting the Global Economy: US Inflation Cools, Political Gridlock Grips France [CNBC] The housing market, explained in 6 charts [CNBC] With high prices and mortgage rates, aspiring and current homeowners feel ‘stuck’ [Reuters] Institutions snapping up Chinese treasury bonds are shorting the economy, state media says [WSJ] Extreme Heat Is Causing Billions in Damages […]
