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[Reuters] Stocks struggle after tech reboot, euro in ECB crosshairs [CNBC] Weekly jobless claims miss estimates as employment gains taper off [Yahoo/Bloomberg] Meltdown Memories Grip Southeast Asia Stocks as Indonesia Slumps [CNBC] European Central Bank keeps rates and stimulus program unchanged, despite stronger euro [CNBC] Coronavirus live updates: Scientists question Russian vaccine data; WHO says […]
[Reuters] Stocks bounce after tech rout sends Nasdaq into correction [Reuters] Shares resilient after U.S. tech sell-off, vaccine trial delay [Reuters] Oil prices reverse some losses but demand concerns persist [Reuters] U.S. readies bans on cotton, tomato imports from China’s Xinjiang [Reuters] China says U.S. trying to incite instability with proposed orders to block Xinjiang […]
When does Fear Of Missing Out change to Fear Of Staying In? Complete reliance on complete control of the Fed Inflation mixed with repression – Who loses? The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick Free Money Plus Free Time Will End In Free Fall September 9, 2020 “What does it mean […]
[CNBC] Nasdaq futures drop 3% as tech sell-off continues, Dow futures fall 250 points [Reuters] Stocks struggle as tech remains fragile, pound slides [Reuters] Oil slides over 3% to lowest since June on demand fears [Yahoo/Bloomberg] Money Markets Have a $750 Billion Problem in Zero-Rate World [Yahoo/Bloomberg] Dollar’s Waning Influence Evident as Gold Breaks Up […]
[Yahoo/Bloomberg] Nasdaq Futures Resume Declines With Valuation Angst Lingering [Yahoo/Bloomberg] British Pound Plummets After Specter of a No-Deal Brexit Returns [Reuters] With big tech on holiday, world shares inch higher [Reuters] Oil falls after Saudi cuts prices, China slows imports [AP] Hopes fading for coronavirus deal as Congress returns [AP] California avoids major power outages […]
[Reuters] Wall St Week Ahead-U.S. stock market surge may run into scary September [CNBC] U.S. considers blacklisting China’s largest chipmaker as tech tensions escalate [Reuters] California grid operator warns of rotating power outages in record heat wave [Reuters] Mnuchin says he expects to fund U.S. government to early December [Reuters] India reports global daily record […]
Here’s the news of the week – and how we see it here at McAlvany Wealth Management: A Rough Week in a Hard Year A week that started out manifesting the same sort of irrational market behavior as we have seen during COVID-19 suddenly turned chaotic. The new normal is anything but. The first part […]
[CNBC] The stock market shakeout is likely not over yet, even with Friday’s comeback [Reuters] Japan’s Suga signals ultra-easy monetary policy to continue [Reuters] Masked men drag protesting Belarusian students off the streets [WSJ] Voters Face a Complicated Election as the Pandemic Remakes Voting [FT] Beware what comes after the easy money binge
