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[AP] US holiday fuels worries about skyrocketing virus cases [Reuters] WHO reports record daily increase in global coronavirus cases, up more than 212,000 [Reuters] ECB’s Villeroy Says Pandemic Is Forcing Permanent Policy Change [Bloomberg] Goldman Lowers U.S. GDP Forecast, Sees 4.6% Contraction in 2020 [FT] Big data suggests a difficult recovery in US jobs market
[Reuters] Across Sun Belt, hopes for economy give way to renewed fears [Reuters] Russia says China would be needed in expanded G7 summit: TASS [Reuters] U.S. sends carriers to South China Sea during Chinese drills [Bloomberg] A $10 Trillion Rally Hinges on Earnings Nobody Has a Clue About [WSJ] U.S. Coronavirus Cases Surge Into July […]
“U.S. Stocks Finish Best Quarter in More Than 20 Years” – yet another extraordinary period worthy of documenting in some detail. The S&P500 returned 20.5%, led by energy companies Halliburton (up 89.5%) and Marathon Oil (86.2%). The Dow Jones Transports returned 19.2%, with Avis Budget gaining 64.7% and Ryder rising 41.9%. Lagging, the NYSE Financial […]
[AP] World stocks mostly turn lower with US closed for holiday [Reuters] Global Markets: COVID recovery vs COVID reality [Reuters] Dollar rises as risk appetite tempered by rising COVID-19 cases in U.S. [Reuters] U.S. reports 55,000 COVID-19 cases in single day, hits new global record [Reuters] Bill targeting banks over China’s Hong Kong law passes […]
This week we cover the price movements of gold, silver, platinum, palladium, the US Dollar Index, DOW, and more. We recap the quarter 2 movements of the metals as well as diving into the critical levels that both gold and silver are approaching. Thanks for listening, if you enjoy be sure to subscribe to our […]
[Yahoo/Bloomberg] Stocks Rise After Jobs Report; Bonds Fall: Markets Wrap [CNBC] US jobs increase by 4.8 million in June, vs 2.9 million estimate; unemployment rate at 11.1% [CNBC] Weekly jobless claims rise more than expected in final week of June [CNBC] Coronavirus live updates: U.S. reports a record 50,000 new cases in a day [AP] […]
[Yahoo/Bloomberg] U.S. Stocks Fluctuate as New Quarter Starts: Markets Wrap [Reuters] Global shares begin second half with a whimper despite positive data [Reuters] U.S. employers announced more job cuts in June: report [CNBC] Mortgage demand falls for the second straight week, signaling a potential slowdown in the housing recovery [Reuters] U.S. coronavirus cases rise by […]
Fed now purchasing virtually everything including corporate bonds Dodgy debts, CLO’s, & Poison Apples FDIC considering scrapping quarterly bank reports… The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick Fed’s Money Man Can, Just Like The Candy Man Can July 1, 2020 Mood is everything when it comes to politics, because now we’re talking […]
