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[Yahoo/Bloomberg] European Stocks Struggle to Build on US Tech Rally: Markets Wrap [Reuters] Oil steady amid US stock build but jitters abound [Reuters] Israel and Lebanon escalate rhetoric as US tries to prevent war [Reuters] US Mortgage Rates Drop Below 7% for First Time Since March [Yahoo/Bloomberg] New England Power Grid Declares Emergency as Heat […]
Buffett Selling His Apple, Holding His Energy Stocks Developed Nations Central Banks Increase Gold Reserves MAG 7 Stocks Cap $15 Trillion “Macro analysis is delegated to the company economist. Everyone else parrots the findings and the prognostications, but isn’t really cognizant of the factors going into financial market behavior. Frankly, I’m glad that’s the case, […]
[Yahoo/Bloomberg] Stocks Steady as European Shares Rebound: Markets Wrap [Yahoo/Bloomberg] Dollar Tests 2024 High as Europe Turmoil Sparks Flight to Haven [Yahoo/Bloomberg] Oil Holds Gain as Risk-On Sentiment Helps to Support Commodities [Yahoo Finance] Retail sales increase less than expected in May [AP] Over 75 million people in the US are under heat alerts. Go […]
Work: The Backbone of Nations Americans have lived in an environment of excellence and plenty for so long that many of us have no concept of what it’s like without them. We have comfortable homes, highly functional cars, and every consumer good one could dream of. In all of them, excellence is common. The problem […]
[Yahoo/Bloomberg] European Gains Unravel Under Lingering France Risk: Markets Wrap [Yahoo/Bloomberg] Oil Builds on Weekly Gain as Traders Weigh Mixed China Data [Reuters] Morning Bid: China fails to cheer, as France scores own goal [Reuters] French election worries rekindle market memories of UK budget rout [Yahoo/Bloomberg] Volatile French Markets Attempt to Digest Le Pen’s Reassurances […]
[CNN] Extreme heat to scorch central, southern US on Father’s Day [Yahoo/Bloomberg] Global Rate-Cut Juggernaut Is Struggling to Start [Yahoo/Bloomberg] Emerging-Market Bond Rally Threatened as Hawkish Flags Multiply [Reuters] Iran rebukes G7 statement over its nuclear programme escalation [Reuters] UK polls point to ‘electoral extinction’ for Prime Minister Sunak’s Conservatives [MSN/Telegraph] France is on the […]
[Yahoo/Bloomberg] The Market Is Blowing Off What the Fed Is Saying About Rates [Reuters] World leaders join Ukraine summit in test of Kyiv’s diplomatic clout [Yahoo/Bloomberg] Thousands Take to Streets in France to Oppose Le Pen’s Far Right [Axios] Undeterred Houthi attacks squeeze international trade [Yahoo/Bloomberg] US Says Houthis Seek Allies in Bid to Upend […]
A New Paradigm It’s been an eventful stretch of late for both markets and the economy. Last Friday we had a seemingly blowout May nonfarm payrolls report. This week was dominated by soft CPI and PPI price data along with the Federal Reserve FOMC meeting and the Powell presser on Wednesday. Let’s get to it. […]
