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[Bloomberg] U.S. Stocks, Dollar Mixed as Tax Reform Hits Bump: Markets Wrap [Bloomberg] The GOP Tax Plan Is Already Hitting Speed Bumps [CNBC] Kevin Warsh would take a hammer to the Fed, but he wouldn’t break it [Bloomberg] Japan’s New Opposition Should Be Good for the Yen, Goldman Says [CNBC] China’s real reasons for enforcing North […]
[Bloomberg] U.S. Stocks, Dollar Advance as Spain Woes Hit Euro: Markets Wrap [Bloomberg] Fed Eyes Rates as Asset-Price Tool in Break With Hands-Off Past [Bloomberg] Cohn Says Repatriation Tax Rate Will Be in ’10-Percent Range’ [CNBC] Favorite to be next Fed chair believes central bank is a ‘slave’ to the stock market [BBC] Catalan referendum: […]
[Bloomberg] The Latest on Catalonia’s Independence Referendum [Reuters] Violence erupts as Catalans vote on split from Spain [CNBC] David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge
[Bloomberg] Trump Ramps Up Fed Chair Search With Decision Due Within Weeks [Bloomberg] U.S. Government Talks Directly With North Korea, Tillerson Says [CNBC] Spanish police move in to stop banned Catalan independence referendum [Bloomberg] China’s Central Bank Unveils Targeted Lending Plan to Aid Growth [Bloomberg] China Signals Robust Growth as Factory Gauge Hits Five-Year High […]
For the Week: The S&P500 increased 0.7% (up 12.5% y-t-d), and the Dow added 0.2% (up 13.4%). The Utilities slipped 0.2% (up 8.7%). The Banks jumped another 2.3% (up 8.1%), and the Broker/Dealers rose 3.2% (up 17.6%). The Transports gained 2.2% (up 9.6%). The S&P 400 Midcaps rose 1.5% (up 8.2%), and the small cap […]
[Bloomberg] Dollar Pressured After Strong Week; Bonds Advance: Markets Wrap [Bloomberg] Oil’s September Surge Propels Bull Market Run on Demand Optimism [Bloomberg] U.S. Consumer Spending Cools on Drop in Vehicle Purchases [Bloomberg] The Fate of Trump’s Tax Cut Rests With These Six Senators [Bloomberg] Cryptocurrencies Drop as South Korea Bans ICOs, Margin Trading [Bloomberg] Crisis […]
Is this the last entry point for gold before crossing into $1400? We discuss the movements of silver the last week. JPMorgan CEO Jamie Dimon warns of governments trying to crack down on cryptocurrencies like Bitcoin and Etherium, however the Cryptos offer large speculation opportunities currently. The US Dollar index moving higher after after Janet […]
[Bloomberg] Bond Rout Persists on Tax Plan, Rates; Euro Gains: Markets Wrap [Bloomberg] U.S. Second-Quarter Growth Revised Upward to 3.1% Annual Pace [CNBC] Trump advisor Gary Cohn says we can pay for the entire tax cut through economic growth [AP] $5 trillion question for Trump tax plan: How to pay for it? [CNBC] ‘Frothy’ markets […]
