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[Reuters] Wall Street lower as coronavirus cases flare up [Reuters] Gold shines as coronavirus surge unnerves investors [Reuters] Oil prices slides as U.S. crude stockpile growth heightens oversupply fears [Yahoo/Bloomberg] Gold Poised to Challenge $1,800 as Virus Resurgence Fans Demand [Investing.com/Bloomberg] U.S. Eyes $3.1 Billion of EU, U.K. Imports for New Tariffs [CNBC] IMF slashes […]
Fed backstop creates unreal disconnect Statues Fall: Woodrow Wilson, Teddy Roosevelt, & Ulysses Grant? If you saw a Marxist revolution happening would you know? The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick Wall Street Fiddles As Rome Burns June 24, 2020 David: If you’ve never studied the horrors brought about by Marxism, […]
[Yahoo/Bloomberg] U.S. Equities Rise With Europe Stocks; Dollar Slips: Markets Wrap [Yahoo/Bloomberg] Oil Climbs to Three-Month High on Demand Strength, Trade Hopes [Reuters] White House adviser Navarro walks back on comments China trade deal ‘over’ [CNBC] Coronavirus live updates: English pubs to reopen; German district is back on lockdown [Reuters] New U.S. COVID-19 cases surge […]
[Yahoo/Bloomberg] U.S. Stocks Rise as Investors Assess Virus Count [Reuters] Global stocks shrug off fresh virus wave fears, dollar slips [Yahoo/Bloomberg] Gold Drives Toward Highest Since 2012 on Virus Resurgence Concern [CNBC] Coronavirus live updates: South Korea sees ‘second wave;’ WHO reports record spike in global cases [CNBC] U.S. reports more than 30,000 coronavirus cases […]
[CNBC] U.S. banks are ‘swimming in money’ as deposits increase by $2 trillion amid the coronavirus [Reuters] Inflation dog may finally bark, investors bet [Reuters] Brazil just shy of 50,000 coronavirus deaths, over 1 million cases, ministry says [Reuters] Mainland China reports 26 new COVID-19 cases including 22 in Beijing [AP] The Latest: Coronavirus resurgence […]
Here’s the news of the week – and how we see it here at McAlvany Wealth Management: Market Is Climbing a Wall of Worry Over a Second Shutdown Animal Spirits continue to roll on as the financial markets continue to price in a “V-shaped” economic recovery from the COVID-19 crisis. “Don’t Fight the Fed” is […]
[Reuters] Trump delights supporters, alarms health officials with Tulsa rally [Reuters] Wall Street Week Ahead: Healthcare to get growth bump in COVID-19 influenced Russell remake [Yahoo/Bloomberg] Oil Companies Shutting Off Drilling Rigs Across U.S. Shale [Yahoo/Bloomberg] Iran’s Currency Plunges Against Dollar Amid Virus, Sanctions [Reuters] India reports record rise in coronavirus cases; Delhi cancels all […]
Can we even attempt a reasonable discussion? Someone’s got this wrong. June 12 – Reuters (Judy Hua, Cate Cadell, Winni Zhou and Andrew Galbraith): “A Beijing district put itself on a ‘wartime’ footing and the capital banned tourism and sports events on Saturday after a cluster of novel coronavirus infections centred around a major wholesale […]
