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[Yahoo/Bloomberg] Stocks Retreat; Euro Steady After ECB: Markets Wrap [Yahoo/Bloomberg] Worst China Stocks Selloff Since February Caps Brutal Reversal [Reuters] Dollar climbs as traders focus on weak Chinese retail sales [Reuters] Global debt hits record high of 331% of GDP in first quarter: IIF [CNBC] Weekly jobless claims total 1.30 million, vs 1.25 million estimate […]
[Reuters] Stocks gain as vaccine hopes offset U.S.-China tensions [Reuters] Dollar hits one-month low; riskier currencies gain on vaccine hopes [CNBC] U.S. reports record 67,400 single-day spike of new coronavirus cases [Reuters] Coronavirus cost jobs at a third of small firms open in May: global Facebook survey [CNBC] Mortgage rates set yet another record low, […]
Gold to Silver Ratio narrowing… finally Covid providing cover: Spending trillions for political gain Tesla close to being worth more than all auto manufacturers combined The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick Politicians’ Bidding War – Who Can Give The Most In Trillions? July 15, 2020 This country needs great diplomacy. […]
[Reuters] Lockdown in global tech hub hits stocks [CNBC] U.S. consumer price index rose 0.6% in June, vs 0.5% increase expected [Reuters] JPMorgan beats estimates on trading, but loan losses loom [CNBC] Coronavirus updates: Hong Kong grapples with new cluster; U.K. study says immunity may wane after two months [Reuters] California’s new lockdown dims outlook […]
[Yahoo/Bloomberg] Stocks Rise on Policy Optimism; Dollar Declines: Markets Wrap [CNBC] Stock futures rise as investors shake off a continued spike in coronavirus cases [Reuters] Shares eye five-month peak as earnings season starts [Reuters] Dollar decline continues as investors parse economic data, earnings [Reuters] Federal Reserve’s $3 trillion virus rescue inflates market bubbles [Yahoo/Bloomberg] American […]
[CNN] US Covid-19 cases are climbing but some state and local leaders clash over moves to curb the spread [Yahoo/Bloomberg] Homegrown Buyers Pick Up Treasury’s Tab to Fund Record Deficits [Yahoo/Bloomberg] China Gives World First View of Post-Lockdown Rebound: Eco Week [Yahoo/Bloomberg] How China’s Stock Market Today Compares With 2014 Melt-Up [USAT] Fed’s aggressive monetary […]
[Reuters] U.S. sets record for new COVID cases third day in a row at over 69,000 [The Hill] Dozens of Florida hospitals max out of ICU capacity amid surge in COVID-19 cases [Reuters] Chinese banks must brace for surge in bad loans, regulator says [Yahoo/Bloomberg] Treasuries Rally Reflects Visions of a Rockier Path to Recovery […]
The Shanghai Composite surged 7.3% this week, increasing y-t-d gains to 10.9%. The CSI 300 rose 7.6%, with 2020 gains of 16.0%. China’s growth-oriented ChiNext Index’s 12.8% surge boosted year-to-date gains to 54.5%. Copper jumped 7.1% this week. Aluminum rose 4.6%, Nickel 4.0%, Zinc 8.3%, Silver 4.2%, Lead 4.2%, and Palladium 3.5%. China’s renminbi advanced […]
