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Let’s begin with global. China’s yuan (CNY) traded to 6.9644 to the dollar in early-Friday trading, almost matching the low (vs. dollar) from December 2016 (6.9649). CNY is basically trading at lows going back to 2008 – and has neared the key psychological 7.0 level. CNY rallied in late-Friday trading to close the week at […]
[BloombergQ] Equities Rout Resumes; Dollar, Bonds Push Higher: Markets Wrap [Reuters] Amazon shares sink 10 percent on growth worries [CNBC] The US economy grew at a 3.5% pace in the third quarter, faster than expected [BloombergQ] Tech stocks battered after disappointing Amazon and Alphabet results [Reuters] Still accommodative, Fed must keep hiking U.S. rates -Mester […]
Cracks show in the equities markets as the S&P pokes the bear. We recap the price movements of the equities markets over the last week as well as looking to the price movements of gold, silver, platinum, palladium, the US Dollar Index, & more. Thanks for listening to this week’s Golden Rule Radio, if you […]
[BloombergQ] U.S. Stocks Climb; Euro Holds Gains on ECB: Markets Wrap [Reuters] Europe attempts comeback after world stocks routed again [Reuters] Oil prices fall one percent amid global stock market slump [CNBC] US trade deficit in goods widens for fourth straight month, hits $76 billion [Reuters] U.S. core capital goods orders decline for second straight […]
[Reuters] Fears for growth, company profits keep stocks under pressure after five days in red [BloombergQ] Trump Says He ‘Maybe’ Regrets Picking Fed’s Powell, WSJ Reports [CNBC] China talks up the stock market amid lurking concerns about share-backed loans [MarketNews] Here are the early signs China’s stock-market woes are starting to infect the rest of […]
Mama Mia Volitiá – Italy In Turmoil Buy Low Sell High Only Works If You Don’t START High Economic Gain/Loss is often separate from financial gain/loss The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick EXPIRATION MANIPULATION GIVES FALSE MARKET-BOOST, THEN VAPORIZATION October 24, 2018 “Really, if you think about it, what is […]
[Reuters] Wall Street down on Saudi concerns, Caterpillar [BloombergQ] Oil prices fall as Saudi Arabia pledges to play ‘responsible role’ in market [Reuters] This week’s earnings shine spotlight on China growth risk [BloombergQ] Europe’s Moment of Truth as Credit Investors Bid QE Farewell [AP] China-US ties sinking amid acrimony over trade, politics [CNBC] Turkey’s Erdogan […]
David: Hi folks, we will go ahead and get started. This is David McAlvany and Doug will be here in a few minutes. Welcome to the Tactical Short Third Quarter 2018 Conference Call. It is an honor for us to work alongside you in your financial endeavors and provide a service that we hope is […]
