More
[Reuters] Wall St Week Ahead- RPT-Even if Fed cut is a given, Powell seen as wild card for stock market [Reuters] Assuming EU will not budge, Britain ramps up preparations for no-deal Brexit [Reuters] China will pursue forex reserves diversification in prudent way [Reuters] Protesters mass in Hong Kong amid fears of growing cycle of […]
[Reuters] Johnson tells EU: ditch backstop or face no-deal Brexit [Reuters] China’s industrial profits fall in June, add to fears of slowdown [AP] France won’t scrap tax on tech giants, despite Trump threats [Reuters] Tear gas fired, bricks thrown in Hong Kong clash over banned march [Bloomberg] Trump Dollar Declarations Show U.S. Currency Move Still […]
The Federal Reserve abandoned “data dependent” – at least for next week’s FOMC meeting. December futures imply a 1.78% Fed funds rate, up six bps for the week but still 62 bps below today’s 2.40% effective rate. Unless the Federal Reserve has completely caved to the markets, the Committee statement and Chairman Powell’s press conference […]
Here’s the news of the week – and how we see it here at McAlvany Wealth Management: Distinguishing Signal from Noise We are in the midst of earnings season, and the enormous amount of data we are receiving and processing from the companies in terms of financial updates and conference calls is like drinking from […]
[Reuters] Stocks stage tentative rebound after ECB disappointment [CNBC] GDP slows to 2.1% in second-quarter but beats expectations thanks to strong consumer [CNBC] Hedge fund manager Kyle Bass says a US-China trade deal can’t be reached [CNBC] China wants to track and grade each citizen’s actions — it’s in the testing phase [Reuters] Russia central […]
Why are we looking at an interest rate cut as the DOW is sitting at all time highs in the longest bull market in history? Is the rate cut purely politically motivated? The US Dollar index remains in a rising channel, nowhere near the all time highs, again begging the question as to why a […]
[AP] World stocks rise as ECB signals more stimulus coming [Reuters] ECB prepares some sub-zero relief for wilting Europe [Reuters] Euro zone yields hit record lows, euro wilts after ECB flags easing [Reuters] Oil advances as markets eye MidEast worries, but weak demand outlook caps gains [Reuters] ECB opens door to rate cuts, more bond […]
[Reuters] Stocks hit as DOJ aims antitrust probe at tech [Reuters] Trade talks buoy stocks, gloomy data sink euro [Reuters] Euro plumbs two-month low ahead of ECB, pound under pressure [Reuters] Gold rises on expected economic stimulus [Reuters] U.S., China to hold trade talks early next week: U.S. Treasury chief [CNBC] AG Barr’s promise to […]
