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[Reuters] China commerce ministry says it has proactively dealt with U.S. trade frictions [CNBC] The bankruptcies that rocked the retail industry in 2019 [Reuters] U.S. monitoring North Korea closely, finds situation concerning: White House [Reuters] Turkey speeds up Libya troop deployment deal to prevent slide into ‘chaos’ [Bloomberg] Trading a Dove for Two Hawks: A […]
[Reuters] China to switch benchmark for floating-rate loans to lower funding costs [Bloomberg] China to Scrap Benchmark Lending Rate in Shift to New System [WSJ] Leveraged-Loan Downgrades Signal Cracks in Corporate-Debt Rally [WSJ] Bills Come Due for China’s Local Governments [WSJ] China 2020: Trade Risks Become Debt Risks [WSJ] As China’s Troubles Mushroom, Xi Collects […]
For the Week: The S&P500 added 0.6% (up 29.2% y-t-d), and the Dow increased 0.7% (up 22.8%). The Utilities slipped 0.3% (up 22.2%). The Banks added 0.3% (up 32.3%), while the Broker/Dealers declined 0.8% (up 22.6%). The Transports increased 0.3% (up 19.3%). The S&P 400 Midcaps were little changed (up 24.0%), while the small cap […]
[Reuters] Wall St. set for another record high as year-end rally continues [Reuters] Oil hits three-month highs as strong U.S. consumer spending underpins growth hopes [Reuters] Fed accepts $25.80 bln at overnight repo operation [Reuters] China’s corporate borrowing soars and cash flows deteriorate, independent survey shows [Reuters] Japan’s output, retail sales fall, signaling economic strains […]
[Reuters] Stocks hover near record highs as investors count on trade deal [Reuters] Oil hits highest since September on trade hopes, OPEC cuts [Reuters] Record online sales give U.S. holiday shopping season a boost: report [CNBC] Minimum wage hikes hit 21 states in 2019—and more are on the way in 2020 [Reuters] China’s Nantong city […]
[AP] Japan stocks lower, China little-changed on Christmas Day [Reuters] Global stocks hover near record highs, gold breaches $1,500 [Reuters] Trump says he and Xi will sign China trade deal [Reuters] China moves to clamp down financial risks in rental housing market [CNBC] Global stock markets gained $17 trillion in value in 2019 [Reuters] Yuan […]
[Reuters] Festive world markets pause for breath near record highs [Reuters] Oil rises on supply cut pledges and slow return of Gulf field [Reuters] Fed accepts $24.80 bln at overnight repo operation [CNBC] IPOs overall beat the market this year despite some ‘mega busts’ [Reuters] Exclusive: Malware broker behind U.S. hacks is now teaching computer […]
Your questions answered part 1 2019. Thank you for a great 2019 and for listening to the McAlvany Weekly Commentary. Your Questions Answered Part 1 December 26, 2019 “In that phase one of a superinflation or a hyperinflation, stocks do better than gold, just before you get wiped out. Now, are you smart enough […]
