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[Reuters] Gold shines on falling dollar, yields; pandemic cost concerns drag on shares [Yahoo/Bloomberg] U.S. Stocks Climb With European Stocks and Gold: Markets Wrap [CNBC] Asia Pacific stocks mixed as uncertainty over U.S. coronavirus relief measures lingers [Reuters] As dollar slides, some investors fret about its status as world’s reserve currency [CNBC] Private payroll growth […]
Credit is now the new money – A game that can’t last “Moneyness of Credit,” works as long as the Fed can turn fear to greed Noland sees credit dystopia vs Duncan’s credit utopia (next week’s show) The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick Doug Noland: It’s Too Late To Turn […]
[Reuters] Wall St. dips as U.S.-China tensions heat up over TikTok [Reuters] World shares hit five-month high; mixed earnings knock European shares [AP] ‘A line in the sand’: Both sides dig in on virus relief bill [CNBC] Chinese state media slams U.S. as a ‘rogue country’ for its planned ‘smash and grab’ of TikTok [Reuters] […]
[Yahoo/Bloomberg] U.S. Stocks Climb With Europe Stocks; Bonds Drop: Markets Wrap [Reuters] Summer mood swings: markets turn higher on hopes of virus aid [Reuters] Dollar rallies after weakest month in a decade [Yahoo/Bloomberg] Fed Is Headed for a Clash With Hedge Funds, Other Shadow Banks [CNBC] Coronavirus live updates: Eli Lilly begins late-stage trials for […]
[Reuters] Congressional Democrats, White House still at impasse over coronavirus bill [CNBC] Retail rents plummet across New York City, as America’s glitzy shopping districts turn into ghost towns [AP] As school begins amid virus, parents see few good options [AP] Debate begins for who’s first in line for COVID-19 vaccine [Bloomberg] Treasury Market Fired Up […]
Weekly Hard Asset Insights By David McAlvany Earnings season was in full swing for the week ended July 31, 2020. 40 percent of the market cap of the NASDAQ reported after the market close on Thursday. There were significant earnings beats on the part of big technology companies. Congressional hearings where big tech was challenged […]
[Reuters] Congressional Democrats, White House set for Saturday talks on coronavirus bill [AP] Trump, GOP soften on opposition to $600 jobless benefit [Reuters] Wall Street Week Ahead: After monster rally, investors cautious as U.S. recovery wobbles [Reuters] Global investors drive record inflows into Chinese bonds in July [AP] Trump says he’ll act to ban TikTok […]
Another fascinating – if not comforting – week. A Friday Wall Street Journal headline: “Big Tech’s Embarrassment of Riches – Amazon, Apple, Facebook and Google all show resilience during pandemic while undergoing congressional scrutiny.” Amazon, Apple, Facebook and Google all reported booming earnings the day following appearances by respective CEOs before the House Antitrust Subcommittee. […]
