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[Reuters] China’s second quarter GDP growth seen easing to around 6.7 percent – official think tank [Reuters] China air force lands bombers on South China Sea island [WSJ] Main Street Banks’ New Lending Rivals: Hedge Funds and Private Equity [FT] China stops short of accepting US trade demands [FT] Moqtada al-Sadr bloc wins Iraq election
Where to begin? Contagion… The Argentine peso dropped another 5.0% this week, bringing y-t-d losses to 23.7%. The Turkish lira fell 3.9%, boosting 2018 losses to 15.4%. As notable, the Brazilian real dropped 3.7% (down 11.5% y-t-d), and the South African rand sank 4.0% (down 3.0% y-t-d). The Colombian peso fell 3.0%, the Chilean peso […]
[BloombergQ] U.S. Stocks Mixed on Trade Angst, Treasuries Rise: Markets Wrap [Reuters] Dollar and oil pause ascent, bonds and gold lick wounds [Reuters] Italian markets hammered by fears of government spending binge [BloombergQ] ECB Watches Italy Yields Spike as Populists Form Government [BloombergQ] Oil Rides Best Weekly Winning Streak Since 2011 as Risks Mount [CNBC] […]
This week we discuss the price drop of gold below $1300, the price movement of the US Dollar index, along side retail sales numbers. Are we poised for a rate hike later this year perhaps as early as this summer? We talk about growing geopolitical tensions as Kim Jun Un threatens to cancel the summit […]
[Reuters] Wall Street lower as bond yields rise, Cisco weighs [BloombergQ] Treasury Yields Hit 3.1%; Customs Talk Roils Pound: Markets Wrap [Reuters] Dollar stands tall as euro plumbs five-month low on Italian political uncertainty [Reuters] Japan plans retaliatory tariffs against United States: NHK [Politico] Tensions erupt among Trump trade officials ahead of China talks [BloombergQ] […]
[BloombergQ] Euro Drops, Dollar Strengthens as Stocks Fluctuate: Markets Wrap [BloombergQ] Italy Bonds Fall as Populist Pact Throws Up Uncertainty [Reuters] Euro slides below $1.18 on Italy debt concerns and dollar jump [BloombergQ] U.S. Housing Starts Fall on Retreat in Apartment Building [Reuters] White House on NAFTA: ‘We still want to see something happen’ [Reuters] […]
Liquidity doesn’t exist today without central bank printing David Rosenberg says prepare for inflation & $3,000-$5,000 gold Inflation is an emotion, being caught off guard is the trigger The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “The markets don’t necessarily repeat themselves, exactly, but the echo from the recent past may very well […]
[CNBC] US stocks fall after Home Depot sales miss, interest rates advance [Reuters] Global stocks sink as soft China data, trade fears weigh [CNBC] US 10-year Treasury yield jumps to new high for the year after strong economic data [BloombergQ] Lira, Bonds Slide to Records as Erdogan Comments Spook Traders [MarketWatch] Gold extends slide to […]
