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After an extraordinary August, markets are showing no inclination for stability to begin September. Jumping 1.3% Thursday on news of an October restart of trade talks, the S&P500 gained 1.8% for the week. The S&P500 ended the week less than 2% from all-time highs. The Semiconductors surged 4.2%, increasing 2019 gains to almost 36%. The […]
Here’s the news of the week – and how we see it here at McAlvany Wealth Management: Energy Takes the Stage We are now post-earnings reports, and conference season is upon us. We are beginning to hear commentary from companies across industries within our hard assets universe. From this we are able to extract big […]
[Reuters] Stocks gains after weaker-than-expected jobs report [Reuters] Job growth sees another weak month in August as payrolls rise just 130,000 [Reuters] China cuts banks’ reserve ratios, frees up $126 billion for loans as economy slows [Reuters] No place like home: Chinese firms stung by trade war build up domestic brands [Reuters] Farm loan delinquencies […]
Gold climbed up into the mid $1500s this week as we look at what is next for the precious metals. Silver plays catch up pushing up to above $19 lowering the gold to silver ratio. We review the price movements of platinum, palladium, and the US Dollar index in relation to gold & silver. […]
[Reuters] Stocks higher on news of U.S.-China trade talks [Reuters] Treasuries – U.S. yields extend rise after ADP U.S. jobs data [Reuters] Oil prices rise after U.S. confirms trade talks with China to start [CNBC] China and US agree to meet in October for trade negotiations: Chinese Ministry of Commerce [CNBC] Private payroll growth way […]
[Reuters] Easing political worries lift shares, pound jumps [Reuters] U.S. trade deficit narrows slightly as exports rise [Reuters] Weekly mortgage refinances fall further, despite lower interest rates [Reuters] China service sector activity rises to three-month high-Caixin PMI [Reuters] British PM Johnson demands October 15 election after defeat over Brexit [Reuters] China will cut bank reserve […]
About this week’s show: The opaque transfer of wealth using negative interest and regulation Inflation is hidden by making the same priced potato chip bag even smaller Never underestimate the Government’s ability to create a “captive audience” About the guest: Carmen M. Reinhart is the Minos A. Zombanakis Professor of the International Financial System at […]
[Reuters] Global stocks stumble toward two-month lows as U.S. data looms [Reuters] Argentina’s peso under scrutiny following capital controls, as U.S. markets reopen [AP] Pound slides on Brexit, on track for lowest close since 1985 [Reuters] Oil drops 2% as trade war rumbles on and output swells [CNBC] It’s up to Trump to break the […]
