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[Bloomberg] Pound Vulnerable as U.K. Prepares to Provide Brexit Plan Details [Reuters] China to strengthen oversight of ‘regulatory arbitrage’: central banker [WSJ] Investors Pull Back From Gundlach’s Biggest Fund at DoubleLine [WSJ] War Games to Begin as U.S., South Korea Brace for North’s Fury [The Hill] North Korea: US cannot dodge ‘merciless strike’ [Reuters] Syria’s […]
[Reuters] Summer rumblings could herald a stormy fall for U.S. stocks [Reuters] Nervous Japanese hold drill in case North Korea fires missiles over them [Bloomberg] Terror in Spain Shows Islamic State Is Down Not Out [WSJ] Steve Bannon, Controversial Aide to Trump, Exits White House Staff [FT] In charts: The rise and rise of China’s […]
Global markets are indicating heightened vulnerability. Thursday trading saw the S&P500 decline 1.54%, the second biggest decline of 2017. The session also saw the junk bond market under pressure. A notable $2.19bn of junk fund outflows this week spurred the headline, “Risk Exodus Gets Real With Biggest Fund Redemptions in 6 Months.” Currency markets are […]
[Bloomberg] Markets on Edge; Gold, Yen Gain: Markets Wrap [CNBC] Global trade has been booming — but that may be about to fall apart [Reuters] China’s new home price growth continues to slow in July [Bloomberg] China Codifies Crackdown on ‘Irrational’ Outbound Investment [SCMP] China bank loans to slow as lenders rapidly exhaust annual quotas […]
Gold seeks an interim high while new reports show that household debt is way out of control. The US Dollar Index decline continues as the FED start speaking out about no further rates hikes in 2017 being a likely outcome. Germany challenges the ECB asset buys and goes to the European Court over it. We […]
[Bloomberg] Euro Falls on ECB Minutes; Stocks Drop, Bonds Gain: Markets Wrap [Bloomberg] Fed Starts to Wonder If Cornerstone Inflation Model Still Works [Bloomberg] ECB Officials Expressed Concern Over Risk of Euro Overshoot [Bloomberg] The 48 Frantic Hours Before CEOs Broke With Trump [Bloomberg] The Growing List of Money Managers Cutting Their Exposure to Junk […]
About this week’s show: The end of Fed induced stock boom is here—Take cover while you can Dropping revenue & rising stock price signals danger—Price to revenue at all-time high 70% of young people below age 34 could not make a $1,000 down payment on a home The McAlvany Weekly Commentary with David McAlvany and […]
[Bloomberg] U.S. Stocks Rise as Investors Await Fed Minutes: Markets Wrap [Bloomberg] Fed Minutes May Show Battle Lines Hardening Over Soft Inflation [CNBC] This is what the markets are looking for from the Fed Wednesday [Reuters] ECB’s Draghi will not deliver fresh policy steer at Jackson Hole: sources [Bloomberg] U.S. Housing Starts Fell in July on […]
