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Tesla profits? – They lose on car sales but gain from carbon credits S&P 500 – Six stocks only account for 100% of the gains, the rest lose $20 gold piece goes from $20 to $2000 since the Fed started in 1913 The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick Zombification & […]
[Reuters] Wall Street higher ahead of two-day Fed meet [Reuters] Gold gains as dollar softens ahead of Fed meeting [Reuters] Yuan extends gains to 16-month high as China data boosts risk appetite [AP] Federal Reserve to meet after sharp changes to its outlook [CNBC] 26% of Americans have taken advantage of some type of payment […]
[CNBC] Stocks jump as Wall Street tries to recover after tech struggles [Reuters] Vaccine hopes lift world stocks, but caution creeps in [Yahoo/Bloomberg] Oil Falls Near $37 With Demand in Focus Before OPEC+ Meeting [CNBC] ‘Now is not the time to worry’ about the fiscal deficit or the Fed’s balance sheet, Mnuchin says [Reuters] BIS […]
[AP] What’s next? Devastating fires are latest challenge in West [Reuters] Japan’s Suga says no limit to bonds government can issue [Reuters] Argentina’s Guzman says seeking payment pause with IMF until 2024 – report [Reuters] Once an American foe, now a friend: OPEC turns 60 [Reuters] Second hurricane in a month takes aim at U.S. […]
[Reuters] Wall Street Week Ahead: Fed meeting in focus as stocks wobble and coronavirus bill stalls [AP] US budget deficit hits record $3 trillion through 11 months [Reuters] Japan’s Suga, likely next PM, says ready to top up payouts to ease COVID-19 pain [Yahoo/Bloomberg] Brexit Dread Is Ripping Through U.K. Markets Once Again [CNBC] Wildfires […]
New data released Friday confirm ongoing historic Chinese Credit excess. Total Aggregate Financing increased (a ridiculous) $524 billion during August to $40.5 TN, doubling July’s growth and exceeding estimates by almost 40%. It was the strongest monthly gain since March’s record $759 billion. This pushed y-t-d (8-month) growth to $3.828 TN, up 45% from comparable […]
Here’s the news of the week – and how we see it here at McAlvany Wealth Management: Another Rough Week Yields Mixed Results The market pullback has continued into this week as investors begin to digest the lasting impact of the COVID-19 crisis and how challenging a full economic recovery will ultimately be. There is […]
[Reuters] Stocks rebound as tech rises; Oracle delivers strong quarter [Reuters] Shares struggle to shake off bearish mood as U.S. tech giants fall anew [Reuters] Oil drops on higher inventories, weak U.S. stock markets [Reuters] U.S. consumer prices increase solidly in August [CNBC] A guide to 2020′s most important Senate races [CNBC] U.S. remembers the […]
