More
[Bloomberg] Euro Climbs as Draghi Talks Up Growth; Gold Slips: Markets Wrap [Bloomberg] ECB Leaves Guidance Unchanged as Anticipation for Autumn Builds [Bloomberg] Draghi Says Officials ‘Aren’t There Yet’ as ECB Keeps Stimulus [Bloomberg] BOJ Keeps Rates Unchanged, Postpones 2% Inflation Deadline [CNBC] US homes are now more valuable than ever [Bloomberg] Trump’s Honeymoon With […]
About this week’s show: Bert Dohman: The Majority Is Usually Wrong & The Deception Of Mainstream Media Jim Deeds: Why You Need Silver In Every Precious Metals Portfolio Neil Howe: The Millennials Would Rather Be Wrong Together Than Take Individual Risks The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick Kevin: This week I […]
[Bloomberg] Earnings Boost Stocks, Euro Retreats as ECB Meets: Markets Wrap [Bloomberg] U.S. Housing Starts at Four-Month High Give Boost at Quarter-End [Reuters] Senate Republicans reluctantly consider bipartisan healthcare talks [CNBC] Mortgage applications jump 6.3% as borrowers rush to refinance [Reuters] Time to taper? Five questions for the ECB [MarketWatch] The U.S. stock market is the […]
[Bloomberg] Dollar Drops With Stocks as U.S. Reform Hopes Fade: Markets Wrap [Bloomberg] Chinese Stocks Extend Steepest Retreat This Year; Sunac Plunges [CNBC] GOP gives up on replacing Obamacare now: McConnell and Trump call for simply repealing [Reuters] Republicans divided over next healthcare steps after new setback [Reuters] U.S. House Republican 2018 budget ties […]
[Bloomberg] Data in Driving Seat as Metals Rally, Stocks Climb: Markets Wrap [Bloomberg] Chinese Small-Caps Plunge to Lowest Level in Over Two Years [Reuters] Oil prices firm on signs of U.S. production slowdown [Bloomberg] New U.S. Subprime Boom, Same Old Sins: Auto Defaults Are Soaring [CNBC] BlackRock’s iShares ETF business posts record inflows, assets top […]
[AP] With passage already uncertain, Senate leadership postpones health care vote after McCain’s surgery [Reuters] U.S.-China trade talks sputtering at 100-day deadline [Reuters] China central bank told by Xi to play bigger role in managing financial risk [Bloomberg] Dollar Bears’ Case Grows Stronger as Wagers on Fed Hikes Fade [Reuters] In shadow of crackdown, Turkey […]
[Reuters] U.S. deficits to jump $248 billion over next two years due to tax shortfall [Reuters] China central bank to play bigger role managing financial risk: state TV [CNBC] China closed-door policy meeting fuels speculation that it’s building its financial ‘super regulator’ [WSJ] Optimism in Financial Markets Fails to Show in Real Economy
Global Markets rallied sharply this week. The DJIA rose 223 points to a record 21,638. The S&P500 gained 1.4% to a new all-time high. The Nasdaq100 (NDX) surged 3.2%, increasing 2017 gains to 20.0%. The Morgan Stanley High Tech Index rose 3.4% (up 24.6% y-t-d), and the Semiconductors surged 4.7% (up 21.8%). Emerging markets were […]
