More
[Reuters] Stocks steady before Fed as Apple relief offsets Brexit complications [Reuters] Fed likely to hold rates steady as it navigates data blind spots [Reuters] U.S., China launch high level trade talks amid deep differences [WSJ] Federal Reserve Likely to Hold Rates Steady [WSJ] As China Trade Talks Begin, Trump Faces Pressure to Make a […]
Charles Calomiris joins the weekly commentary – CLICK HERE to buy Charle’s book – Fragile by Design: The Political Origins of Banking Crises and Scarce Credit (The Princeton Economic History of the Western World) All banking is politically driven Cryptos may replace central banks but they will be government controlled People vote their most recent […]
[Reuters] Wall Street higher after latest batch of earnings [Reuters] Gold reaches seven-month high as stocks, dollar struggle [Reuters] Powell faces early reckoning on Fed’s $4-trillion question [Reuters] PG&E, owner of biggest US power utility, files for bankruptcy [CNBC] Home prices rise at a slower pace: S&P Case-Shiller [Reuters] Mnuchin says Huawei case ‘separate’ from […]
[Reuters] Stocks edge down on China worries as trade talks, Fed decision loom [CNBC] Caterpillar stock skids after the company’s earnings, forecast fall short of expectations [Reuters] Gold hovers near $1,300 as investors await Fed meet, trade talks [Reuters] Explainer: Key Issues, implications of U.S.-China trade talks [CNBC] Trump tells WSJ another government shutdown is […]
[Reuters] Wall St Week Ahead-Consumer confidence in focus as shutdown fears fade [AP] UK PM May faces bruising week with Brexit challenges [BBC] Trudeau fires Canada’s ambassador to China amid Huawei controversy [Reuters] French ‘yellow vests’ defy Macron again in tense protests [NYT] America Pushes Allies to Fight Huawei in New Arms Race With China […]
[CNBC] Global market liquidity could ‘freeze like the water in Davos,’ UBS’ Ermotti says [Reuters] Major European countries poised to recognize Venezuela’s Guaido [WSJ] IPO Hopes Trigger Scramble for Shares of Top Unicorns [Bloomberg] Wildlife Perish, Rivers Run Dry in Record-Breaking Australian Heat
For the Week: The S&P500 slipped 0.2% (up 6.3% y-t-d), while the Dow added 0.1% (up 6.0%). The Utilities increased 0.7% (up 0.6%). The Banks added 0.7% (up 14.5%), while the Broker/Dealers declined 1.5% (up 9.4%). The Transports slipped 0.9% (up 8.2%). The S&P 400 Midcaps (up 9.4%) and the small cap Russell 2000 (up […]
[Reuters] Global stocks gain on earnings, euro rebounds after dovish ECB [SCMP] China, US ‘less belligerent, more cordial’ as delegation heads to Washington before Liu He [CNBC] The Fed may be moving closer to ending its rally-killing balance sheet reduction [Reuters] China to step up economic stimulus in slowdown fight [CNBC] China can no longer […]
