News Room2016-11-02T11:46:34+00:00

Saturday, October 20, 2018

[BloombergQ] Major WTO Showdown Looks Harder to Avoid as U.S., China, EU Spar [Reuters] Italian deputy PM says government will not lower 2019 deficit goal [Reuters] China's September new home price gains led by smaller [...]

October 20th, 2018|Daily Commentary|

Friday, October 19, 2018

[BloombergQ] U.S. Stocks Gain as Europe Struggles; Dollar Dips: Markets Wrap [Reuters] Euro, Italian bonds sold as EU warns on Italy budget [CNBC] Italian bond yields spike to 4-year highs as the EU slams its [...]

October 18th, 2018|Daily Commentary|

Thursday, October 18, 2018

[BloombergQ] Fed Minutes Weigh on Stocks, Bonds; Yuan Slips: Markets Wrap [BloombergQ] China Stock Market Rocked by Forced Sellers; Yuan Hits Fresh Low [Reuters] Treasuries-U.S. yields hold rise as jobless claims fall [Reuters] Dollar at [...]

October 17th, 2018|Daily Commentary|

Wednesday, October 17, 2018

[Reuters] World stock recovery loses steam as European auto sector takes beating [Reuters] Oil prices fall ahead of U.S. crude stocks data [Reuters] U.S. housing starts fall more than expected in September [BloombergQ] U.S., China [...]

October 16th, 2018|Daily Commentary|

Tuesday, October 16, 2018

[Reuters] Degree of calm returns to battered stocks; Italy helps out [BloombergQ] Stocks Gain, Treasuries Dip as Earnings Roll In: Markets Wrap [Reuters] Gold hovers near 2-1/2 month high as investors seek safe haven refuge [...]

October 15th, 2018|Daily Commentary|

Monday, October 15, 2018

[BloombergQ] Stocks Fight Back After Weak Start; Oil Advances: Markets Wrap [Reuters] European stocks hit 22-month low as Saudi tensions swirl [Reuters] Oil prices rise amid Saudi tensions, but demand outlook drags [BloombergQ] Trump Threatens [...]

October 14th, 2018|Daily Commentary|

Sunday, October 14, 2018

[Reuters] White House adviser Kudlow plays down stock market drop [Reuters] U.S. to seek currency chapters in trade talks with Japan, others: Mnuchin [Reuters] PBOC preparing for all risks in currency policy, governor tells Bloomberg [...]

October 14th, 2018|Daily Commentary|

Saturday, October 13, 2018

[Reuters] Fed official says rate hikes 'right course' for U.S. monetary policy [Reuters] China views yuan depreciation not in its interest: Mnuchin [Reuters] China's central bank says market to play decisive role in yuan exchange [...]

October 13th, 2018|Daily Commentary|

Friday, October 12, 2018

[BloombergQ] Stocks Gain With Earnings in Focus; Dollar Steady: Markets Wrap [Reuters] Oil prices rise, but still set for weekly fall amid equities rout [Reuters] U.S.-China trade talks must cover currency, U.S. Treasury chief says [...]

October 11th, 2018|Daily Commentary|

Thursday, October 11, 2018

[Reuters] European stocks slump to 21-month low, Wall Street braces [BloombergQ] U.S. Stocks Mixed, Dollar Falls as Sell-Off Eases: Markets Wrap [MarketWatch] Gold jumps, draws demand as a safety play away from embattled stock market [...]

October 10th, 2018|Daily Commentary|

Wednesday, October 10, 2018

[Reuters] U.S. bond yields near seven-year high stymie world stocks' recovery [Reuters] Treasuries-Yields gain after U.S. producer prices data [Reuters] U.S. producer prices rebound in September [CNBC] Mnuchin warns China against devaluing currency, says yuan [...]

October 9th, 2018|Daily Commentary|

Tuesday, October 9, 2018

[BloombergQ] Stocks Retreat as Treasuries Steady; Oil Advances: Markets Wrap [Reuters] Selloff sucks Europe back under after Asia sinks to 17-month low [Reuters] U.S. 10-year, 30-year Treasury yields hit fresh multi-year highs [Reuters] China must [...]

October 8th, 2018|Daily Commentary|

Monday, October 8, 2018

[Reuters] Shares slide on 'powerful cocktail' of China slump, Treasuries and Italy [Reuters] China stocks tumble despite central bank's move to support economy [Reuters] Italy's bonds, bank stocks hammered as Rome, EU draw budget battle [...]

October 7th, 2018|Daily Commentary|

Sunday, October 7, 2018

[Reuters] China's Sept FX reserves fall more than expected to $3 trln [Reuters] China slashes banks' reserve requirements as trade war imperils growth [BloombergQ] Italy Outlook Darkens as Politics Skews From Orthodox Thinking [Reuters] Brazilians [...]

October 7th, 2018|Daily Commentary|

Saturday, October 6, 2018

[CNBC] China pencil-tip spy chip's ultimate market risk: The profits built on big tech's low-cost global supply chain [Reuters] Exclusive: U.S. Commerce's Ross eyes anti-China 'poison pill' for new trade deals [Reuters] Turkey's Erdogan tells [...]

October 6th, 2018|Daily Commentary|

Friday, October 5, 2018

[BloombergQ] Stocks Mixed, Treasuries Fall on Jobs Data: Markets Wrap [Reuters] Red October rumbles on ahead of U.S. jobs data [Reuters] Shares in Chinese tech firms tumble, Lenovo plunges over 20 percent [Reuters] U.S. job [...]

October 4th, 2018|Daily Commentary|

Thursday, October 4, 2018

[Reuters] Dollar and global bonds track surge in Treasury yields, stocks sag [BloombergQ] Bond Slump Goes Global; Dollar Gains, Stocks Drop: Markets Wrap [BloombergQ] China's Holiday Week Only Gets Worse as Stocks Slump With Yuan [...]

October 3rd, 2018|Daily Commentary|

Wednesday, October 3, 2018

[BloombergQ] U.S. Stocks Follow Europe Gains; Oil Steady: Markets Wrap [Reuters] Italy budget concession hopes switch risk sentiment back on [BloombergQ] Turkish Assets Tumble as Inflation Puts Policy in the Spotlight [CNBC] India's rupee sinks [...]

October 2nd, 2018|Daily Commentary|

Tuesday, October 2, 2018

[BloombergQ] U.S. Stocks Track Global Retreat; Euro Dips: Markets Wrap [BloombergQ] Italian Assets Suffer Fresh Blow as Borghi Evokes `Own Currency' [BloombergQ] Oil Surges To Highest Since 2014 As Global Supply Concerns Mount [BloombergQ] Rupiah [...]

October 1st, 2018|Daily Commentary|

Monday, October 1, 2018

[BloombergQ] U.S. Stocks, Loonie, Peso Climb on Nafta: Markets Wrap [Reuters] Canadian dollar hits four-month high as U.S., Canada reach NAFTA deal [Reuters] Canada, U.S. reach deal to save NAFTA as trilateral trade pact [Reuters] [...]

September 30th, 2018|Daily Commentary|

Sunday, September 30, 2018

[Reuters] Trump calls Saudi's King to discuss oil supplies [BloombergQ] JPMorgan Says U.S.-China Tariffs to Go All Out, Lowers Yuan Call [Reuters] China to cut import tariffs on wide range of products [Reuters] China factory [...]

September 30th, 2018|Daily Commentary|

Saturday, September 29, 2018

[Reuters] Fed's 'neutral rate' guru downplays theory as rates rise [BloombergQ] China to Keep Prudent, Neutral Monetary Policy, PBOC Says [Reuters] China central bank says will maintain ample liquidity as trade row threatens economy [Reuters] [...]

September 29th, 2018|Daily Commentary|

Friday, September 28, 2018

[BloombergQ] Stocks Decline as Budget Fear Sparks Italian Rout: Markets Wrap [Reuters] Italy budget worries hit European markets [Reuters] Oil prices edge up amid uncertainty over fallout from Iran sanctions [Reuters] U.S. consumer spending increases [...]

September 27th, 2018|Daily Commentary|

Thursday, September 27, 2018

[BloombergQ] U.S. Stocks Rise With Dollar; Euro Falls on Italy: Markets Wrap [Reuters] Italy budget uncertainty returns to haunt Europe [Reuters] U.S. second-quarter GDP growth unrevised at 4.2 percent [Reuters] After Fed, Philippines, Indonesia seen [...]

September 26th, 2018|Daily Commentary|

Wednesday, September 26, 2018

[BloombergQ] Stocks Steady Before Fed; Dollar Rises With Bonds: Markets Wrap [Reuters] Fed likely to raise rates, possibly end 'accommodative' policy era [Reuters] U.S. new home sales rebound in August, but trend softening [Reuters] China [...]

September 25th, 2018|Daily Commentary|

Tuesday, September 25, 2018

[BloombergQ] Stocks Climb, Bonds Fall as Risk Appetite Rebounds: Markets Wrap [Reuters] Oil hits four-year peak after OPEC+ shows no sign of turning on the taps [CNBC] Rates rise as Fed set to begin two-day [...]

September 24th, 2018|Daily Commentary|

Monday, September 24, 2018

[BloombergQ] Stocks Slip as Trade Talks Falter; Oil Climbs: Markets Wrap [CNBC] Euro rises sharply as ECB's Draghi views tighter labor market [BloombergQ] Oil Rises Near 2-Month High as OPEC Stops Short of Pledging More [...]

September 23rd, 2018|Daily Commentary|

Sunday, September 23, 2018

[Reuters] Asian firms shuffle production around the region as China tariffs hit [Reuters] Nowotny urges ECB to speed pace of policy normalization [CNBC] OPEC, Russia rebuff Trump's call for immediate boost to oil output [AP] [...]

September 23rd, 2018|Daily Commentary|

Friday, September 21, 2018

[Reuters] Receding trade fears help stocks hit six-month high [CNBC] Sterling slides to session low as PM May says UK and EU 'at an impasse' [Reuters] Expect volume spike on sector reshuffle, quadruple witching [Reuters] [...]

September 20th, 2018|Daily Commentary|

Thursday, September 20, 2018

[BloombergQ] Stocks Push Higher as Yields Climb, Dollar Falls: Markets Wrap [Reuters] Dollar near 7-week low as markets look past trade woes, pound eyes EU summit [Reuters] U.S. weekly jobless claims fall as labor market [...]

September 19th, 2018|Daily Commentary|

Wednesday, September 19, 2018

[Reuters] Rise in Treasury yields weighs on Wall St. [Reuters] World stocks bat aside trade war fears, rally for second day [Reuters] Dollar near seven-week lows as investors look for fresh drivers [Reuters] U.S. housing [...]

September 18th, 2018|Daily Commentary|

Tuesday, September 18, 2018

[BloombergQ] Stocks Shrug Off New Tariffs; Treasuries Yield 3%: Markets Wrap [CNBC] China says new tariffs on US goods worth $60 billion effective Sept. 24 [Reuters] China says Trump forces its hand, will retaliate against [...]

September 17th, 2018|Daily Commentary|

Monday, September 17, 2018

[BloombergQ] Stocks Fall as Trade Fears Return; Dollar Slips: Markets Wrap [BloombergQ] Turkish Lira Slides as Isbank Fallout Dilutes Rate-Hike Support [Reuters] U.S. 10-year yield hits highest in four months [BloombergQ] China’s Stocks Drop to [...]

September 17th, 2018|Daily Commentary|

Sunday, September 16, 2018

[Reuters] Trump 'likely' to announce new China tariffs as early as Monday: source [BloombergQ] Japan’s Abe Says He Told Trump It’s Dangerous to Play With FX [Reuters] London mayor calls for second referendum on Brexit [...]

September 16th, 2018|Daily Commentary|

Saturday, September 15, 2018

[Reuters] G20 trade ministers say WTO reform 'urgent' as new Trump tariffs loom [BloombergQ] 10 Things People Still Get Wrong About the Financial Crisis [NYT] Even in Better Times, Some Americans Seem Farther Behind. Here’s [...]

September 16th, 2018|Daily Commentary|

Friday, September 14, 2018

[Reuters] Trade hopes, tech, and Turkey bolster world stocks [Reuters] Russia Surprises With First Rate Hike Since 2014, Boosting Ruble [Reuters] Millions of Americans still trapped in debt-logged homes ten years after crisis [BloombergQ] We [...]

September 13th, 2018|Daily Commentary|

Thursday, September 13, 2018

[Reuters] Asian shares rebound on hopes of fresh U.S.-China trade talks [Reuters] U.S. firms in China feeling 'clear and far reaching' trade war pinch: survey [CNBC] China may use its property markets to defend against [...]

September 12th, 2018|Daily Commentary|

Wednesday, September 12, 2018

[BloombergQ] Stocks Mixed as Euro, Pound Fall; Bonds Advance: Markets Wrap [Reuters] Asia stocks slip to 14-month lows on simmering trade worries [Reuters] Italian bond yields rise as tensions over budget resurface [Reuters] Trade war [...]

September 11th, 2018|Daily Commentary|

Tuesday, September 11, 2018

[Reuters] World stocks hit by trade strain, Brexit talk supports sterling [BloombergQ] China's Stocks Near 2016 Low Have Asia Markets on Knife Edge [Reuters] China seeks WTO backing for sanctions on U.S. over dumping duties [...]

September 10th, 2018|Daily Commentary|

Monday, September 10, 2018

[Reuters] Europe leads fightback after Asian shares floored again [BloombergQ] Chinese Shares Slide Near 2016 Low as Trump's Trade Threat Grows [Reuters] Oil prices climb as U.S. drilling stalls, Iran sanctions loom [Reuters] China vows [...]

September 9th, 2018|Daily Commentary|

Sunday, September 9, 2018

[BloombergQ] China's Trade Outlook Darkens as Trump Threatens Total Tariffs [BloombergQ] Trump Trade Plans Tempered by Cohn and Mnuchin, Woodward Writes [BloombergQ] Boris Johnson Mounts New Attack on May Over Brexit Talks [UK Guardian] Argentina, [...]

September 9th, 2018|Daily Commentary|

Saturday, September 8, 2018

[Reuters] China's record trade surplus with U.S. adds fuel to trade war fire [BloombergQ] Turkey Calls for Global Resistance to U.S. Economic Attacks [BloombergQ] Duterte Blames Trump for Soaring Consumer Prices [Reuters] Russian and Syrian [...]

September 8th, 2018|Daily Commentary|

Friday, September 7, 2018

[Reuters] Asia shares worn down by trade tension, yen a safe harbor [BloombergQ] Trump Says He Wants Shutdown Over Wall, But Not Before Election [Reuters] Fed likely to need to hike rates 'a bit beyond [...]

September 6th, 2018|Daily Commentary|

Thursday, September 6, 2018

[Reuters] World stocks fall for fifth straight day on trade fears [Reuters] Oil prices fall on emerging market woes, looming tariff deadline [Reuters] Trump says not ready to make trade deal with China [Reuters] China [...]

September 5th, 2018|Daily Commentary|

Wednesday, September 5, 2018

[Reuters] Emerging markets and equities reel as dollar flexes muscles [Reuters] U.S. trade deficit rises to five-month high on declining exports [Reuters] Canada to stick to guns at NAFTA talks despite Trump pressure [CNBC] Weekly [...]

September 4th, 2018|Daily Commentary|

Tuesday, September 4, 2018

[Reuters] Emerging market woes mount as dollar hits the boosters [Reuters] Dollar, yen strengthen on lingering trade, emerging market worries [BloombergQ] Judgment Day Awaits For Plan To Avert Argentine Economic Crisis [CNBC] The emerging market [...]

September 3rd, 2018|Daily Commentary|

Monday, September 3, 2018

[Reuters] World stocks slip for third day as trade, emerging market worries bite [Reuters] Dollar edges higher on escalating global trade tensions [Reuters] Turkey's central bank promises action after inflation surges to 18 pct [Reuters] [...]

September 3rd, 2018|Daily Commentary|

Monday, September 3, 2018

[Reuters] World stocks slip for third day as trade, emerging market worries bite [Reuters] Dollar edges higher on escalating global trade tensions [Reuters] Turkey's central bank promises action after inflation surges to 18 pct [Reuters] [...]

September 2nd, 2018|Daily Commentary|

Sunday, September 2, 2018

[Reuters] Trump says Canada not needed in NAFTA deal, warns Congress not to interfere [Reuters] May stands firm on her Brexit plan, but scepticism persists [WSJ] Trump Says ‘Canada Will Be Out’ Without ‘Fair [...]

September 2nd, 2018|Daily Commentary|

Saturday, September 1, 2018

[CNBC] September is always a tough month for stocks but this year there are even more hazards [Reuters] China Party journal warns of trade war's impact on financial stability [BloombergQ] Trump Doubles Down on Donald [...]

September 1st, 2018|Daily Commentary|

August 31, 2018: Unassailable

I’ve been here before and, candidly, it’s not much fun. Lodged in my mind this week was the brilliant quote from the 19th century German philosopher Arthur Schopenhauer: “All truth passes through three stages: First, [...]

August 31st, 2018|Weekly Commentary|

Friday, August 31, 2018

[Reuters] Global shares extend falls on Trump trade threats [Reuters] Italian bond market on edge ahead of ratings verdict [CNBC] 'Urgency' for Asia Pacific mega trade deal as the US mulls $200 billion tariffs on [...]

August 30th, 2018|Daily Commentary|

Thursday, August 30, 2018

[Reuters] Stock market's advance grinds to a halt on China concerns [CNBC] Turkish lira sinks after reports that a key central bank member could resign [CNBC] Argentina's currency crashes to an all-time low as it [...]

August 29th, 2018|Daily Commentary|

Wednesday, August 29, 2018

[Reuters] Global stocks slip as uncertainty over NAFTA nags [Reuters] Turkish bank bonds fall after Moody's warning, FinMin comments [Reuters] Italian bond yields fall on report govt may ask ECB for support [Reuters] Canada, U.S. [...]

August 28th, 2018|Daily Commentary|

Tuesday, August 28, 2018

[BloombergQ] Stocks Climb After U.S. Mexico Deal; Dollar Drops: Markets Wrap [Reuters] Turkish lira weakens against dollar, minister warns on sanctions [Reuters] Oil touches seven-week highs after signs of tighter supply [Reuters] China raises yuan [...]

August 27th, 2018|Daily Commentary|

Monday, August 27, 2018

[Reuters] World stocks at highest in over two weeks, China's yuan rallies [Reuters] Turkish lira slides nearly 5 percent as U.S. stand-off back in focus [Reuters] Dollar softens as Powell disappoints bulls, Mexican peso up [...]

August 26th, 2018|Daily Commentary|

Sunday, August 26, 2018

[Reuters] Powell sets Fed's course with data-based judgment [BloombergQ] Fed Keeps Its Cool at Jackson Hole Despite Pressure From Trump [Reuters] North Korea newspaper blasts 'double-dealing' U.S. after Pompeo's trip canceled [WSJ] The Big Hedge-Fund [...]

August 26th, 2018|Daily Commentary|

Saturday, August 25, 2018

[Reuters] Much detail, little progress in U.S.-China talks, sources say [BloombergQ] Powell Doctrine Emerges As Fed Chief Debuts At Jackson Hole [Reuters] Erdogan says commitment of all Turks needed to combat attacks on economy [...]

August 25th, 2018|Daily Commentary|

Bond Market Throws a “Curve”

The optimism surrounding US/China trade had stocks in rally mode up until Thursday, when it was clear neither party could reach an accord. Instead both sides decided to enact another round of tariffs on [...]

August 24th, 2018|Weekly Recap|

Friday, August 24, 2018

[BloombergQ] Stocks Advance as Trade Talks End; Dollar Slips: Markets Wrap [CNBC] Australian Treasurer Scott Morrison to become next prime minister, ousting Malcolm Turnbull [BloombergQ] No Major Progress in U.S.-China Trade Talks as Tariffs Bite [...]

August 23rd, 2018|Daily Commentary|

Thursday, August 23, 2018

[BloombergQ] Dollar Jumps Ahead of Jackson Hole; Stocks Mixed: Markets Wrap [Reuters] Turkey says U.S. waging 'economic war', lira weakens [Reuters] U.S. jobless claims fall, point to labor market strength [Reuters] U.S., China impose further [...]

August 22nd, 2018|Daily Commentary|

Wednesday, August 22, 2018

[Reuters] Wall St. slightly lower on Trump legal woes [Reuters] Trump legal woes and trade talks cause nerves while EM enjoys respite [Reuters] Dollar remains on defensive, U.S.-China trade talks awaited [Reuters] U.S., China to [...]

August 21st, 2018|Daily Commentary|

Tuesday, August 21, 2018

[BloombergQ] U.S. Stocks Edge Higher; Dollar Pares Drop: Markets Wrap [CNBC] Dollar heads lower a day after Trump rips Fed and calls China and EU currency manipulators [Reuters] Exclusive: Trump demands Fed help on economy, [...]

August 20th, 2018|Daily Commentary|

Monday, August 20, 2018

[BloombergQ] U.S. Stocks Track Gains Across Europe, Asia: Markets Wrap [Reuters] Trade war puts new strains on America Inc's factories in China [Reuters] Exclusive: China shifts to Iranian tankers to keep oil flowing amid U.S. [...]

August 19th, 2018|Daily Commentary|

Sunday, August 19, 2018

[BloombergQ] Big Questions on Global Economy Hang Over Jackson Hole Gathering [Reuters] China regulator asks financial institutions to support infrastructure investment [Reuters] Tough talks, no agreements at Merkel, Putin meeting near Berlin [WSJ] As Euro [...]

August 19th, 2018|Daily Commentary|

Saturday, August 18, 2018

[Reuters] Turkey's Erdogan says to challenge 'games' on the economy [Euromoney] Italian banks a bigger risk than Turkey [BloombergQ] Gold Trading Volumes Double in Turkey Amid Currency Crisis [Reuters] China complains about Pentagon report, says [...]

August 18th, 2018|Daily Commentary|

August 17, 2018: Instability

With the Turkish lira down another 6.6% in Monday trading, global “Risk Off” market Instability was turning acute. The U.S. dollar index jumped to an almost 14-month high Monday, as the Turkish lira, Argentine peso, [...]

August 17th, 2018|Weekly Commentary|

Friday, August 17, 2018

[BloombergQ] Stocks Drop in Turbulent Week; Turkish Lira Falls: Markets Wrap [Reuters] Turkey's lira weakens more than 6 percent on threat of more U.S. sanctions [Reuters] Trump says the US 'will pay nothing' to Turkey [...]

August 16th, 2018|Daily Commentary|

Thursday, August 16, 2018

[Reuters] Shares, emerging market currencies steady after mauling [Reuters] China, U.S. to hold lower-level trade talks in late August [CNBC] US homebuilding rebounded less than expected in July from a nine-month low [Reuters] Exclusive: China [...]

August 15th, 2018|Daily Commentary|

Wednesday, August 15, 2018

[Reuters] Wall Street lower as Turkey, trade tensions weigh [Reuters] Resurgent dollar sends commodities and emerging markets reeling again [BloombergQ] Turkish Lira Jumps as Regulator Curbs Bank Swap Transactions [Reuters] Turkey doubles tariffs on some [...]

August 14th, 2018|Daily Commentary|

Tuesday, August 14, 2018

[Reuters] Shares regain footing as lira roars out of rout [Reuters] Erdogan says Turkey will boycott U.S. electronics, lira steadies [BloombergQ] Calm Comes to Emerging Assets as Analysts Reassess Turkey Woes [BloombergQ] U.S. Warns Turkey [...]

August 13th, 2018|Daily Commentary|

Monday, August 13, 2018

[Reuters] Asian shares, euro trampled as Turkish rout spreads [Reuters] Turkish lira trades just below 7 against dollar, action plan awaited [Reuters] South African rand falls more than 10 percent, hits 2-year low vs dollar [...]

August 12th, 2018|Daily Commentary|

Sunday, August 12, 2018

Mideast Stocks-Gulf markets hit by Turkey turmoil, banks roiled [BloombergQ] Erdogan Stays Defiant as Turkey Slips Toward Financial Crisis [BloombergQ] U.S. Budget Gap Widens as Revenue Growth Outpaced by Spending [Politico] China says U.S. farmers [...]

August 12th, 2018|Daily Commentary|

Saturday, August 11, 2018

[BloombergQ] As Turkey Crisis Deepens, Bankers to Review Impact of Shocks [BloombergQ] Turkish Bank Crisis Prompts Emergency Meeting on Saturday [Reuters] Erdogan says U.S. 'wrong' to threaten Turkey after Trump doubles tariffs [Reuters] Turkey's Erdogan [...]

August 11th, 2018|Daily Commentary|

Friday, August 10, 2018

[Reuters] Turkey turmoil sends ripples across world stock markets, euro falls [CNBC] Turkish lira plunges 20% versus dollar after Trump authorizes doubling metals tariffs on Turkey [Reuters] Currency volatility gauges ignite as Turkish lira turmoil [...]

August 9th, 2018|Daily Commentary|

Thursday, August 9, 2018

[BloombergQ] Stocks Mixed Amid Trade Salvos; Dollar Advances: Markets Wrap [Reuters] U.S. sanctions whack Russia's rouble, Turkey's lira free-falls [Reuters] U.S. producer prices unchanged in July [The Hill] Federal deficit jumps 20 percent after tax [...]

August 8th, 2018|Daily Commentary|

Wednesday, August 8, 2018

[Reuters] World shares hold at one-week high, sterling's slide gathers pace [Reuters] China shares resume skid as fresh US tariffs overshadow stimulus pledges [Reuters] Turkish lira weakens again, eyes on Washington talks [Reuters] U.S. finalizes [...]

August 7th, 2018|Daily Commentary|

Tuesday, August 7, 2018

[Reuters] China bounce pushes world shares toward six-month high [Reuters] Dollar posts biggest drop in a week as rally fades [Reuters] Turkey's lira, bonds hit again on U.S. trade threat, central bank worries [Reuters] Chinese [...]

August 6th, 2018|Daily Commentary|

Monday, August 6, 2018

[BloombergQ] Dollar Climbs as Trade Gloom Lingers; Stocks Mixed: Markets Wrap [Reuters] China's stocks, yuan slide as Beijing, Washington step up trade threats, rhetoric [BloombergQ] Turkish Yields Increase to Record Amid Threat of U.S. Sanctions [...]

August 5th, 2018|Daily Commentary|

Saturday, August 4, 2018

[Reuters] China won't accept U.S. trade 'blackmail': state media [Reuters] China's Wang says response to U.S. trade measures necessary, legitimate [BloombergQ] Pompeo Warns Russia, China Over Violating North Korea Sanctions [BloombergQ] Turkey on Trump Blacklist [...]

August 4th, 2018|Daily Commentary|

Friday, August 3, 2018

[Reuters] Trade worries keep lid on stocks, Italian bonds sell off on government tensions [Reuters] U.S. job growth slows in July, unemployment rate dips [Reuters] China unveils retaliatory tariffs on $60 billion of U.S. goods [...]

August 2nd, 2018|Daily Commentary|

Thursday, August 2, 2018

[BloombergQ] Stocks Slump as Trade Fears Return; Dollar Climbs: Markets Wrap [Reuters] Trade tensions roil emerging stocks, U.S. sanctions hit Turkey [Reuters] Italy's markets hurt by political worries, Poste Italiane [Reuters] JGB yields brush 1-1/2-year [...]

August 1st, 2018|Daily Commentary|

Wednesday, August 1, 2018

[BloombergQ] Treasuries Drop Before Fed; Trade Weighs on Stocks: Markets Wrap [CNBC] US 10-year Treasury yield hits 3% for first time since June after strong payrolls data [Reuters] U.S. yields rise as government ratchets up [...]

July 31st, 2018|Daily Commentary|

Tuesday, July 31, 2018

[BloombergQ] U.S. Stocks Climb Before Apple; Bonds Rise: Markets Wrap [Reuters] U.S. consumer spending increases solidly in June [Reuters] BOJ seeks to make its ammunition last longer as options dwindle [BloombergQ] Here's What Market Watchers [...]

July 30th, 2018|Daily Commentary|

Monday, July 30, 2018

[BloombergQ] Stocks Pare Drop Amid Earnings Deluge; Bonds Slide: Markets Wrap [BloombergQ] Global Bond Yields Climb as Anxious Investors Await BOJ Review [BloombergQ] Powell to Duck Trump Jabs and Let Economy Justify Fed Rate Pause [...]

July 29th, 2018|Daily Commentary|

Sunday, July 29, 2018

[Reuters] Trump threatens U.S. government shutdown over immigration [Reuters] Global auto powers plotting response to Trump auto tariff threats [Reuters] Euro referendum not part of Italian government plans: deputy PM [Reuters] Merkel's conservatives hit 12-year [...]

July 29th, 2018|Daily Commentary|

Saturday, July 28, 2018

[BloombergQ] U.S. GDP Report Clears Path for Two More Fed Rate Hikes [CNBC] Trump suggests economy could grow at 8 or 9 percent if he cuts the trade deficit [Reuters] Turkey, U.S. relations can be [...]

July 28th, 2018|Daily Commentary|

Friday, July 27, 2018

[Reuters] Global stocks set for fourth week of gains as trade angst eases [Reuters] Consumers, soybeans lift U.S. economic growth to 4.1 percent [BloombergQ] What the GDP Report Won’t Tell You About the Economy [BloombergQ] [...]

July 26th, 2018|Daily Commentary|

Thursday, July 26, 2018

[BloombergQ] U.S. Stocks Slip on Facebook; Euro Weakens: Markets Wrap [CNBC] Tech stocks set to crater on Thursday with Facebook on track for biggest drop ever [Reuters] U.S. core capital goods orders, shipments rise strongly [...]

July 25th, 2018|Daily Commentary|

Wednesday, July 25, 2018

[Reuters] Global stocks rally stalls ahead of U.S.-EU trade meeting [Reuters] Trump says China targeting U.S. farmers, is being 'vicious' [Reuters] EU prepares retaliatory tariffs on $20 billion of U.S. goods [Reuters] Trump downbeat ahead [...]

July 24th, 2018|Daily Commentary|

Tuesday, July 24, 2018

[BloombergQ] Stocks Rally on Earnings, China; Euro Erases Drop: Markets Wrap [Reuters] China's bond yields jump, yuan falls on policy stimulus bets [BloombergQ] Turkey Unexpectedly Holds Rates, Triggering Market Sell-off [Reuters] Oil prices fall as [...]

July 23rd, 2018|Daily Commentary|

Monday, July 23, 2018

[BloombergQ] Stocks Under Pressure on Growth Fears; Yen Climbs: Markets Wrap [MarketWatch] Yen and yuan in focus as traders weigh Trump comments [BloombergQ] Currency Truce, Italian Risks, BOJ Pressure: Eco Day [BloombergQ] What the Fed [...]

July 22nd, 2018|Daily Commentary|

Sunday, July 22, 2018

[BloombergQ] Global Growth Less Synchronized, More Uncertain, G-20 Draft Says [BloombergQ] China's Luck on Yuan Devaluation Risks Running Out on Trump Ire [BloombergQ] BOJ Debating How to Keep Policy Sustainable, Reduce Side Effects [Reuters] Japan [...]

July 22nd, 2018|Daily Commentary|

Saturday, July 21, 2018

[Reuters] Trump not trying to intervene in currency markets: Mnuchin [Reuters] Wall Street braces for tariff fallout as S&P 500 companies report [[Reuters] US Treasury Secretary Mnuchin watching Chinese yuan weakness for manipulation [WSJ] Mnuchin [...]

July 21st, 2018|Daily Commentary|

Friday, July 20, 2018

[BloombergQ] Stocks, Dollar Decline as Trump Turns Up Rhetoric: Markets Wrap [CNBC] US dollar falls as Trump accuses 'China, European Union and others' of manipulating their currencies [CNBC] Trump says he's 'ready' to put tariffs [...]

July 19th, 2018|Daily Commentary|

Thursday, July 19, 2018

[Reuters] Dollar stays strong as China grabs for stimulus levers [Reuters] Dollar rises to one-year high as Fed comments boost outlook [Reuters] U.S. weekly jobless claims drop to more than 48-and-a-half-year low [Reuters] China boosts [...]

July 18th, 2018|Daily Commentary|

Wednesday, July 18, 2018

[BloombergQ] Dollar Extends Advance After Powell; Stocks Mixed: Markets Wrap [BloombergQ] Yuan Hits One-Year Low, Testing China's Tolerance for Weakness [Reuters] U.S. housing starts drop to a nine-month low [CNBC] Kudlow says President Trump is [...]

July 17th, 2018|Daily Commentary|

Tuesday, July 17, 2018

[Reuters] World stocks slip on oil as focus turns to Fed [Reuters] China's June home prices accelerate to near two-year high [BloombergQ] Warnings of Market Complacency Are Growing Louder [BloombergQ] Trade War Imperils World Growth [...]

July 16th, 2018|Daily Commentary|

Monday, July 16, 2018

[BloombergQ] Stocks Struggle Amid Earnings; Dollar Declines: Markets Wra [Reuters] U.S. yields hold rise after solid retail sales data [Reuters] U.S. retail sales increase solidly in June [BloombergQ] Powell to Cross Political Minefield as Trade [...]

July 15th, 2018|Daily Commentary|

Saturday, July 14, 2018

[CNBC] Trump and Putin are the main event, but there's a lot to move markets in the week ahead [Spiegel] Trump Takes Aim at Germany and NATO [WSJ] Federal Reserve Report Defends Use of New [...]

July 14th, 2018|Daily Commentary|

Friday, July 13, 2018

[Reuters] Global stocks rally before earnings, trade war jolt boosts dollar [Reuters] Oil falls for second week as supply concerns ease [Reuters] Euro, yuan dip as U.S.-China trade fears boost dollar [BloombergQ] China Trade Surplus [...]

July 12th, 2018|Daily Commentary|

Thursday, July 12, 2018

[BloombergQ] Stocks Rally as Trade Nerves Settle; Yen Slides: Markets Wrap [Reuters] Consumer prices rise at the fastest pace in 6 years [BloombergQ] Americans Burdened by Increasing Housing Costs, Slow Wage Gains [BloombergQ] China, U.S. [...]

July 11th, 2018|Daily Commentary|

Wednesday, July 11, 2018

[BloombergQ] New Tariffs Roil Stocks, Metals as Dollar Climbs: Markets Wrap [Reuters] China shares, yuan stumble after U.S. threatens more tariffs [Reuters] Zinc, copper hit 1-year lows on fresh U.S. tariff threat [Reuters] Turkey dollar [...]

July 10th, 2018|Daily Commentary|

Tuesday, July 10, 2018

[BloombergQ] Stocks Edge Higher Before Earnings; Euro Declines: Markets Wrap [Reuters] Oil rises to $79 a barrel on Norway strike, Libyan disruption [Reuters] China June producer inflation hits six-month high, consumer inflation up slightly [NPR] [...]

July 9th, 2018|Daily Commentary|

Monday, July 9, 2018

[BloombergQ] Stocks Climb Before Earning Season; Dollar Weakens: Markets Wrap [Reuters] Chinese stocks have best day in two years, yuan firms despite tariff blow [Reuters] Oil prices climb on global demand, U.S. sanctions on Iran [...]

July 8th, 2018|Daily Commentary|

Sunday, July 8, 2018

[Reuters] Europe to be united, strong if U.S. raises more tariffs: France [CNBC] Silicon Valley firms are facing a rise in anger from a new source: Their own employees [BBC] Turkey purges more workers ahead [...]

July 8th, 2018|Daily Commentary|

Saturday, July 7, 2018

[BloombergQ] The Trade War Is On: Timeline of How We Got Here and What’s Next [Reuters] China's H2 GDP growth seen easing to around 6.6 pct - official think tank [AP] North Korea Foreign Ministry [...]

July 7th, 2018|Daily Commentary|

Friday, July 6, 2018

[Reuters] Stocks, euro survive first battle of U.S.-China trade war [BloombergQ] U.S. Payrolls Rise 213,000; Wage Gains Slow, Unemployment Up [BloombergQ] Trump Eyes Even Higher Tariffs as Trade War With China Escalates [Reuters] China blames [...]

July 5th, 2018|Daily Commentary|

Thursday, July 5, 2018

[Reuters] Full-throttle car rally drives back trade gloom [BloombergQ] U.S. Stocks Follow Europe Jump; Euro Rises: Markets Wrap [Reuters] Nikkei falls before US-China tariff deadline; banks weaken [CNBC] Private payrolls miss expectations as companies can't [...]

July 4th, 2018|Daily Commentary|

Wednesday, July 4, 2018

[Reuters] Global stocks tread water on trade worries, yuan steadies [BloombergQ] Europe Stocks, U.S. Futures Rise in Thin Trading: Markets Wrap [Reuters] Euro falls, yuan rebounds as trade worries weigh [Reuters] China says will not [...]

July 3rd, 2018|Daily Commentary|

Tuesday, July 3, 2018

[Reuters] World stocks rise from two-and-a-half month low, China soothes currency markets [Reuters] Oil hits $75 for first time since 2014 on supply outages in Libya and Canada [Reuters] Turkish inflation hits 14-year high, lira [...]

July 2nd, 2018|Daily Commentary|

Monday, July 2, 2018

[BloombergQ] Stocks Slump on Trade Risk; Euro Falls With Pound: Markets Wrap [Reuters] Wall Street lower as tariff worries weigh [Reuters] China shares slip anew, Mexico peso up as Obrador wins [CNBC] EU reportedly warns [...]

July 1st, 2018|Daily Commentary|

Sunday, July 1, 2018

[CNBC] Worldwide retaliation for US tariffs begin on Sunday, putting a 'bull's eye' on wide range of goods [Reuters] Voting begins in Mexico's presidential election, leftist favored [MarketWatch] Mexico’s presidential election: Investors need to know [...]

June 30th, 2018|Daily Commentary|

Saturday, June 30, 2018

[Reuters] China factory growth slows in June as trade tensions rise [CNBC] Trump, Saudi king agree to production boost to battle rising oil prices, and offset Venezuela, Iran supply woes [MarketWatch] It’s been decades [...]

June 30th, 2018|Daily Commentary|

Friday, June 29, 2018

[Reuters] World stocks enjoy relief rally though trade tensions linger [Reuters] Euro jumps after EU leaders reach deal on migration at summit [Reuters] China's yuan at new lows as trade war threatens market instability [Reuters] [...]

June 28th, 2018|Daily Commentary|

Thursday, June 28, 2018

[Reuters] Trade war fears grip stocks, dollar bides time [Reuters] Drug stocks hit by Amazon health push, while tech steadies Wall Street [BloombergQ] China Shares Sink to Lowest Since March 2016 as Yuan Declines [Reuters] [...]

June 27th, 2018|Daily Commentary|

Wednesday, June 27, 2018

[BloombergQ] Stocks Erase Decline as Trump Trade Talk Softens: Markets Wrap [Reuters] Oil rises on supply disruptions and as U.S. tries to cut Iran from markets [BloombergQ] China’s Yuan Tumble Blindsides Traders, Spurs Worry Over [...]

June 26th, 2018|Daily Commentary|

Tuesday, June 26, 2018

[Reuters] Europe claws higher after China enters bear territory [BloombergQ] China Begins to Question Whether It’s Ready for a Trade War [BloombergQ] Chinese Stocks Poised to Enter Bear Market [BloombergQ] Italy's Crunch Moment in the [...]

June 25th, 2018|Daily Commentary|

Monday, June 25, 2018

[BloombergQ] Stocks Drop on Trade Dispute; Italian Bonds Fall: Markets Wrap [Reuters] Brent oil prices drop by 2 percent as traders expect output rise after OPEC deal [BloombergQ] China's Yuan Sinks to Five-Month Low on [...]

June 24th, 2018|Daily Commentary|

Sunday, June 24, 2018

[Reuters] As trade war looms, China cuts some banks' reserve requirements to boost lending [Reuters] BIS warns of trade war threat but says rates should keep rising [BloombergQ] Turkey Votes on Erdogan Future as Challengers [...]

June 24th, 2018|Daily Commentary|

Saturday, June 23, 2018

[BloombergQ] OPEC+ Agrees Oil-Supply Boost in Victory for Saudis, Russia [BloombergQ] U.S. Tariffs Draw New Retaliation Threat, as Russia Joins In [CNBC] Increased threat of a trade war is ramping up fears of a 'full-blown [...]

June 23rd, 2018|Daily Commentary|

June 22, 2018: Performance Chase

The Nasdaq Composite, Nasdaq 100, small cap Russell 2000, Value Line Arithmetic and the NYSE Arca Biotechnology were among U.S. indices trading to all-time highs during Wednesday’s session. In the real world, there is escalating [...]

June 23rd, 2018|Weekly Commentary|

Friday, June 22, 2018

[BloombergQ] Stocks Rally on Data; Oil Jumps as OPEC Deal Nears: Markets Wrap [Reuters] OPEC reaches deal to raise oil output from July: source [BloombergQ] White House Split Over Hardline Response to China Trade War [...]

June 21st, 2018|Daily Commentary|

Thursday, June 21, 2018

[BloombergQ] Stocks Drop, Treasuries Gain on Fresh Italy Worry: Markets Wrap [BloombergQ] Italian Assets Resume Slide After Euroskeptic Appointments [Reuters] Dollar scales 11-month peak, oil slides ahead of OPEC [Reuters] Washington's 'capricious' trade actions will [...]

June 20th, 2018|Daily Commentary|

Wednesday, June 20, 2018

[Reuters] World shares snap five-day losing streak on China policy expectation [CNBC] Fed Chair Powell calls case 'strong' for more interest rate hikes [BloombergQ] Trump Faults China's Economic Policy as Threat to U.S. Security [Reuters] [...]

June 19th, 2018|Daily Commentary|

Tuesday, June 19, 2018

[BloombergQ] Stocks Slide, Bonds Rally as Trade Fears Build: Market Wrap [Reuters] Trade war worries slam China and emerging markets [BloombergQ] Commodities Slide as U.S.-China Spat Hits Soy to Steelmakers [Reuters] U.S. housing starts jump [...]

June 18th, 2018|Daily Commentary|

Monday, June 18, 2018

[BloombergQ] Stocks Retreat on Trade Concern; Brent Erases Loss: Markets Wrap [BloombergQ] Xi to Counter Trump Blow for Blow in Unwanted Trade War [Reuters] China's tariffs on U.S. oil would disrupt $1 billion monthly business [...]

June 17th, 2018|Daily Commentary|

Sunday, June 17, 2018

[CNBC] The Fed said it's hiking rates four times this year, but the market's not convinced [BloombergQ] Easy Money Era Endures Even as Central Banks Unwind Stimulus [BloombergQ] Supply Chain Caught in Crossfire of U.S.-China [...]

June 17th, 2018|Daily Commentary|

Saturday, June 16, 2018

[BloombergQ] Trade War Hits Trump Heartland as China Targets Farms, Mines [Reuters] China state media attack U.S. tariffs, leave scope for negotiation [Reuters] At odds with Trump over trade, Canadians say they will avoid U.S. [...]

June 16th, 2018|Daily Commentary|

Friday, June 15, 2018

[Reuters] Wall Street sinks as China trade spat intensifies [Reuters] Simmering trade tensions set stocks up for weekly loss [BloombergQ] Emerging-Market Strains Deepen With Argentina in Tantrum [Reuters] Euro heads for worst week in 19 [...]

June 16th, 2018|Daily Commentary|

Thursday, June 14, 2018

[BloombergQ] Stocks Advance, Euro Falls After ECB Rate Pledge: Markets Wrap [Reuters] Euro tumbles as ECB vows to keep rate down [Reuters] ECB to end bond buys, keep rates steady through next summer [Reuters] U.S. [...]

June 13th, 2018|Daily Commentary|

Wednesday, June 13, 2018

[Reuters] World stocks capped by trade war concerns, central banks [Reuters] U.S. producer prices rise more than expected in May [CNBC] The Fed is hiking rates Wednesday, but here's what else you need to know [...]

June 12th, 2018|Daily Commentary|

Tuesday, June 12, 2018

[BloombergQ] Dollar Steady, Stocks Drift After Inflation Data: Markets Wrap [Reuters] Yields rise before expected Fed rate increase [Reuters] Historic Trump-Kim summit ends with promise, light on substance [Reuters] Trump surprises with pledge to end [...]

June 11th, 2018|Daily Commentary|

Monday, June 11, 2018

[Reuters] Stocks, euro climb as calm in Italy overshadows chaotic G7 [Reuters] 'Fair trade, fool trade', Trump's tweets spew ire on NATO allies, Trudeau [BloombergQ] Trump Advisers Slam Trudeau's `Betrayal' Days Before Kim Summit [Reuters] [...]

June 10th, 2018|Daily Commentary|

Sunday, June 10, 2018

[Reuters] Trump brings US-Canada alliance to the brink of a trade war [Reuters] China's Xi calls out 'selfish, short-sighted' trade policies [Reuters] Trump, North Korea's Kim, in Singapore for historic summit [FT] Angry Trump torpedoes [...]

June 10th, 2018|Daily Commentary|

Saturday, June 9, 2018

[Reuters] Trump to leave G7 early, missing environmental talks [BBC] G7 summit dogged by divisions between Trump and allies [Reuters] Fed, ECB to tighten policy in tandem [Reuters] Investors focusing on profit margins as rising [...]

June 9th, 2018|Daily Commentary|

Friday, June 8, 2018

[BloombergQ] Stocks Drop, Bonds Mixed as Emerging Assets Suffer: Markets Wrap [Reuters] Trump vows to 'straighten out' G7 trade ahead of tense meeting [Reuters] Germany urges European unity in face of trade tensions with U.S. [...]

June 7th, 2018|Daily Commentary|

Thursday, June 7, 2018

[BloombergQ] Stocks Edge Up as Momentum Eases; Treasuries Slip: Markets Wrap [Reuters] Euro and bond yields extend rally on ECB while risk appetite grows [CNBC] Trump is likely to face a chilly reception at the [...]

June 6th, 2018|Daily Commentary|

Wednesday, June 6, 2018

[BloombergQ] Trade Hopes Sustain Risk-On Mood; ECB Sinks Bonds: Markets Wrap [Reuters] Euro boosted but bonds and stocks sag after hawkish ECB comments [Reuters] Italian CDS jump 22 bps as markets wobble on ECB rate [...]

June 5th, 2018|Daily Commentary|

Tuesday, June 5, 2018

[BloombergQ] Stocks Struggle to Keep Momentum; Crude Declines: Markets Wrap [Reuters] Italy's bonds yields rise after new PM promises "radical change" [Reuters] Turkish bonds fall, lira weakens as central bank meeting nears [CNBC] US trade [...]

June 4th, 2018|Daily Commentary|

Monday, June 4, 2018

[Reuters] Global shares shrug off trade tensions as U.S. data reassures [BloombergQ] Trade Tensions Intensify With Trump, Allies Set for Showdown [BloombergQ] It's Trump Against the World in Any Trade War [Reuters] China says it [...]

June 3rd, 2018|Daily Commentary|

Sunday, June 3, 2018

[Reuters] Talks end with China warning trade benefits at risk if U.S. imposes tariffs [Reuters] Moscovici 'not optimistic' trade row with U.S. will be resolved at G7 [Reuters] Italy's euroskeptics and their currency ideas take [...]

June 3rd, 2018|Daily Commentary|

Saturday, June 2, 2018

[Reuters] US isolated at G7 meeting as tariffs prompt retaliation [BloombergQ] Japan's Aso `Feels Sorry' for Mnuchin Amid Outrage Over Tariffs [Reuters] U.S. commerce secretary to press China to buy as allies seethe over tariffs [...]

June 3rd, 2018|Daily Commentary|

June 1, 2018: Italian Drama

As I see it, cracks are opening in the greatest Bubble of all time. Serious fissures have developed in EM, Europe and China. Meanwhile, the stimulus-driven U.S. economic boom runs unabated. Global fragilities place downward [...]

June 2nd, 2018|Weekly Commentary|

Extend and Pretend – June 1, 2018

Here’s the news of the week – and how we see it here at McAlvany Wealth Management: Extend and Pretend Italy’s political transition to an “anti-ECB” stance, along with Trump’s proposed tariffs on industrial [...]

June 1st, 2018|Weekly Recap|

Friday, June 1, 2018

[Reuters] Global stocks rise, bond yields fall as political tensions ebb [BloombergQ] Treasuries Fall, Dollar Rises as Jobs Data Beats: Markets Wrap [Reuters] Borrowing costs drop for Italy and Spain as political concerns ease [BloombergQ] [...]

May 31st, 2018|Daily Commentary|

Thursday, May 31, 2018

[BloombergQ] Stocks Drop, Bonds Rise as Trade Tensions Simmer: Markets Wrap [Reuters] U.S. to impose tariffs on EU steel, aluminum [Reuters] Europe will give determined response to any U.S. tariffs: Merkel [Reuters] German carmakers hit [...]

May 30th, 2018|Daily Commentary|

Wednesday, May 30, 2018

[BloombergQ] Treasuries Slide as Italy Panic Fades; Euro Jumps: Markets Wrap [Reuters] Italy renews attempt to form a government and end turmoil [BloombergQ] Italy Banks Under Scrutiny as Messy Politics Prompts Downgrades [Reuters] U.S. first-quarter [...]

May 29th, 2018|Daily Commentary|

Tuesday, May 29, 2018

[BloombergQ] U.S. Stocks Drop as Italian Woes Trigger Selloff: Markets Wrap [BloombergQ] Italian Bonds in Meltdown Spark a Global Flight to Haven Assets [Reuters] Italian bonds suffer worst day in more than 25 years [Reuters] [...]

May 28th, 2018|Daily Commentary|

Monday, May 28, 2018

[BloombergQ] Risk Appetite Fades on Italy Outlook; Oil Slumps: Markets Wrap [TheStreet.com] Italy Bonds Plunge, Stocks Hit 13-Month Low as Constitutional Crisis Intensifies [BloombergQ] Italian Banks Lead Stock Declines as Government Plan Unravels [Reuters] Italy [...]

May 27th, 2018|Daily Commentary|

Sunday, May 27, 2018

[Reuters] Italy's efforts to form government fail as president defends euro [Reuters] Italy president under pressure to accept euroskeptic minister [BloombergQ] Italy's Conte Fights to Form Team as Ally Threatens New Vote [UK Express] Italy's [...]

May 27th, 2018|Daily Commentary|

Saturday, May 26, 2018

[CNN] Gas prices are up 31% from last Memorial Day. Here's why [BloombergQ] Italy's Standoff on Finance Chief Stalls Talks on New Government [Reuters] Erdogan calls on Turks to convert dollar, euros into lira [...]

May 26th, 2018|Daily Commentary|

Friday, May 25, 2018

[Reuters] Wall Street lower as oil prices slump [MarketWatch] Treasurys extend weeklong rally on Italy fears [CNBC] White House official: Trump could take a harder line on trade with China now that the Kim Jong [...]

May 24th, 2018|Daily Commentary|

Thursday, May 24, 2018

[CNBC] Dow falls 100 points after President Trump says North Korean summit is off [BloombergQ] Stocks Struggle as Trade Fears Linger; Euro Gains: Markets Wrap [Reuters] Tariff fears hit car shares, lira back on [...]

May 23rd, 2018|Daily Commentary|

Wednesday, May 23, 2018

[BloombergQ] Stocks Fall, Bonds Gain as Risks Mount; Euro Drops: Markets Wrap [Reuters] Turkey's lira tumbles 5 pct, plumbs new record lows [Reuters] Euro/Swiss franc at 2-month lows as Italy concerns weigh [GulfNews/Bloomberg] Turkey heads [...]

May 22nd, 2018|Daily Commentary|

Tuesday, May 22, 2018

[Reuters] Stocks rise as U.S.-China trade talks advance [BloombergQ] Oil Rises as Venezuela Sanctions Stoke Crude Supply Risk Concern [BloombergQ] Italy a Submerging Market as Borrowing Costs Exceed Indonesia’s [BloombergQ] Mnuchin Updates Trump on Concerns [...]

May 21st, 2018|Daily Commentary|

Monday, May 21, 2018

[Reuters] Stocks rally after Mnuchin says Sino-U.S. trade war 'on hold' [BloombergQ] Italian Assets Slump Again as Ripples Spread Across Europe [Reuters] Italian bonds sell off as 5-Star, League inch toward government [BloombergQ] Lira Leads [...]

May 20th, 2018|Daily Commentary|

Sunday, May 20, 2018

[AFP] US, China agree to abandon trade war: Beijing [BloombergQ] Italy's Populists Seek a Premier Amid French Warning on Euro [BloombergQ] Venezuelans Vote in Election Overshadowed by Crisis and Boycott [BloombergQ] Rajoy's Catalan Challenge Returns [...]

May 20th, 2018|Daily Commentary|

Saturday, May 19, 2018

[Reuters] China's second quarter GDP growth seen easing to around 6.7 percent - official think tank [Reuters] China air force lands bombers on South China Sea island [WSJ] Main Street Banks’ New Lending Rivals: Hedge [...]

May 19th, 2018|Daily Commentary|

May 18, 2018: Crisis Watch

Where to begin? Contagion… The Argentine peso dropped another 5.0% this week, bringing y-t-d losses to 23.7%. The Turkish lira fell 3.9%, boosting 2018 losses to 15.4%. As notable, the Brazilian real dropped 3.7% (down [...]

May 19th, 2018|Weekly Commentary|

Friday, May 18, 2018

[BloombergQ] U.S. Stocks Mixed on Trade Angst, Treasuries Rise: Markets Wrap [Reuters] Dollar and oil pause ascent, bonds and gold lick wounds [Reuters] Italian markets hammered by fears of government spending binge [BloombergQ] ECB Watches [...]

May 17th, 2018|Daily Commentary|

Thursday, May 17, 2018

[Reuters] Wall Street lower as bond yields rise, Cisco weighs [BloombergQ] Treasury Yields Hit 3.1%; Customs Talk Roils Pound: Markets Wrap [Reuters] Dollar stands tall as euro plumbs five-month low on Italian political uncertainty [Reuters] [...]

May 16th, 2018|Daily Commentary|

Wednesday, May 16, 2018

[BloombergQ] Euro Drops, Dollar Strengthens as Stocks Fluctuate: Markets Wrap [BloombergQ] Italy Bonds Fall as Populist Pact Throws Up Uncertainty [Reuters] Euro slides below $1.18 on Italy debt concerns and dollar jump [BloombergQ] U.S. Housing [...]

May 15th, 2018|Daily Commentary|

Tuesday, May 15, 2018

[CNBC] US stocks fall after Home Depot sales miss, interest rates advance [Reuters] Global stocks sink as soft China data, trade fears weigh [CNBC] US 10-year Treasury yield jumps to new high for the year [...]

May 14th, 2018|Daily Commentary|

Monday, May 14, 2018

[Reuters] World stocks head higher on hopes of thawing trade tensions [Reuters] Malaysian ringgit hits four-month low on market re-opening after Mahathir's shock election win [Reuters] Fed's Mester reiterates support for gradual U.S. rate increases [...]

May 13th, 2018|Daily Commentary|

Sunday, May 13, 2018

[CNBC] New deadline for NAFTA could make for an interesting week in markets [CNBC] Iran sanctions will create a ‘disruption’ in the oil price and uncertainty for investments, ENI CEO warns [BloombergQ] Italy's Populists in [...]

May 13th, 2018|Daily Commentary|

Saturday, May 12, 2018

[Reuters] N.Y. Fed sees U.S. GDP growing at 2.97 percent in second quarter [Reuters] 'Unauthorized transfers' siphon funds from Mexican banks: central bank [BloombergQ] New Malaysian Leader Tightens Net Around Ousted Najib Over 1MDB [Reuters] [...]

May 12th, 2018|Daily Commentary|

May 11, 2018: Disequilibrium

Much to the consternation of our allies, President Trump withdraws from the Iran nuclear deal. WTI crude adds another 1.5% (up 17% y-t-d) this week to the high since November 2014. Iran and Israel moved [...]

May 11th, 2018|Weekly Commentary|

Friday, May 11, 2018

[BloombergQ] Global Stocks Mixed as Rates in Focus; Oil Steady: Markets Wrap [Reuters] Oil near multi-year highs as Iran sanctions tighten supply outlook [Axios] What Trump will — and won't — say on drug [...]

May 10th, 2018|Daily Commentary|

Thursday, May 10, 2018

[BloombergQ] Dollar Drops as Treasuries Rise; Pound Hit by BOE: Markets Wrap [Reuters] Oil heads for biggest weekly rise in a month as Iran sanctions loom [Reuters] U.S. consumer prices rebound modestly in April [Reuters] [...]

May 9th, 2018|Daily Commentary|

Wednesday, May 9, 2018

[BloombergQ] Oil Jumps, Treasury Yield Hits 3% as Dollar Stalls: Markets Wrap [MarketWatch] 10-year Treasury yields jumps back above 3% as $25 billion auction looms [Reuters] U.S. producer prices rise slightly after recent solid gains [...]

May 8th, 2018|Daily Commentary|

Tuesday, May 8, 2018

[BloombergQ] Dollar Advances, Oil Declines Before Iran Decision: Markets Wrap [Reuters] Italian bond yields hit six-week high on election jitters [CNBC] Trump may leave the Iran nuclear deal Tuesday. Here's what comes next [BloombergQ] Powell [...]

May 7th, 2018|Daily Commentary|

Monday, May 7, 2018

[BloombergQ] Dollar Advances With Stocks; Oil Extends Gain: Markets Wrap [Reuters] U.S. oil cracks $70, dollar heads towards 2018 high [Reuters] NAFTA talks enter critical week with U.S. still pushing hard line [Reuters] Dollar surge [...]

May 6th, 2018|Daily Commentary|

Sunday, May 6, 2018

[CNBC] Asian shares poised for positive start after strong gains on Wall Street [NYT/CNBC] US-China trade talks end with strong demands, but few signs of a deal [Reuters] Fed's Quarles says paying 'a lot' of [...]

May 6th, 2018|Daily Commentary|

Saturday, May 5, 2018

[CNBC] Trump will meet with China trade delegation Saturday as they return from tough talks [CNBC] Buying back stocks is a 'horrible' thing for banks to do: Analyst Dick Bove [WSJ] Analysis: Falling Unemployment Could [...]

May 5th, 2018|Daily Commentary|

May 4, 2018: Old Roach Motel

One hundred and six months. The current expansion, having emerged in the aftermath of the collapse of the mortgage finance Bubble, is now the second-longest on record (lagging only the 120-month 1990’s Bubble period). The [...]

May 5th, 2018|Weekly Commentary|

Friday, May 4, 2018

[Reuters] Wall Street opens lower after U.S. jobs data [Reuters] U.S. job growth rebounds; unemployment rate falls to 3.9 percent [CNBC] US reportedly lays down a list of trade demands to China [Reuters] China, U.S. [...]

May 3rd, 2018|Daily Commentary|

Thursday, May 3, 2018

[Reuters] Wall Street lower on U.S.-China trade tensions [Reuters] U.S. productivity rises slightly in first quarter; wage growth accelerates [CNBC] US trade deficit drops as exports hit a record high [Reuters] Trump praises China's Xi [...]

May 2nd, 2018|Daily Commentary|

Wednesday, May 2, 2018

[Bloomberg] Stocks Are Mixed, Treasuries Retreat Before Fed: Markets Wrap [Bloomberg] Oil Trades Near $68 Before U.S. Stockpile Data, Iran Decision [Bloomberg] The Fed Has a Tricky Inflation Issue to Navigate [Bloomberg] U.S. Lifts Debt [...]

May 1st, 2018|Daily Commentary|

Tuesday, May 1, 2018

[Bloomberg] U.S. Stocks Start May Lower, With Eyes on Apple: Markets Wrap [Bloomberg] Oil Slides While Traders Await Trump Decision on Iran Accord [Reuters] Fed likely to keep rates steady; investors bet on June hike [...]

April 30th, 2018|Daily Commentary|

Monday, April 30, 2018

[Bloomberg] Stocks Advance as Deals Greet Week; Dollar Climbs: Markets Wrap [Bloomberg] U.S. March Consumer Spending Picks Up; Inflation Hits Fed Goal [Reuters] U.S. annual inflation measures jump; consumer spending picks up [Bloomberg] Here's How [...]

April 29th, 2018|Daily Commentary|

Sunday, April 29, 2018

[Reuters] Trump threatens government shutdown in September if there's no funding for wall [Reuters] U.S. Secretary of State Pompeo stresses need for Gulf unity against Iran [WSJ] Fed’s Interest-Rate Plans Come Under Pressure

April 29th, 2018|Daily Commentary|

Saturday, April 28, 2018

[Reuters] Rising costs, inflation on radar as U.S. earnings season unfolds [Reuters] Russian PM says he backs criminalizing observance of U.S. sanctions [Reuters] Russia, Turkey and Iran need to help clear Syria of terrorists: Lavrov [...]

April 28th, 2018|Daily Commentary|

Friday, April 27, 2018

[Bloomberg] Stocks Mixed Amid Earnings, Data; Dollar Advances: Markets Wrap [Bloomberg] U.S. Growth Cools to 2.3% as Gains in Consumer Spending Ease [Bloomberg] U.S. Private-Sector Wages Lodge Biggest Gain Since 2008 [Reuters] Exclusive: U.S. considers [...]

April 26th, 2018|Daily Commentary|

Thursday, April 26, 2018

[Bloomberg] Stocks Advance as Results Roll In; Treasuries Jump: Markets Wrap [Bloomberg] Oil Rises as Speculation on Iran Deal Counters Stockpile Gain [Reuters] U.S. weekly jobless claims fall to lowest level since 1969 [Bloomberg] ECB [...]

April 25th, 2018|Daily Commentary|

Wednesday, April 25, 2018

[Bloomberg] Dollar Gains as Treasury Yield Hits 3%; Stocks Dip: Markets Wrap [Bloomberg] Oil Steadies as Trump Unmoved by Macron Push for New Iran Deal [Bloomberg] A $3 Trillion Credit Market Has Corporate Bond Investors [...]

April 24th, 2018|Daily Commentary|

Tuesday, April 24, 2018

[Bloomberg] Bonds Resume Slide as Dollar Steadies; Stocks Rise: Markets Wrap [Bloomberg] Oil Rises Amid Middle East Tensions, Shrinking Crude Stockpiles [CNBC] Home prices surge in February – even as mortgage rates rise [Bloomberg] Asia's [...]

April 23rd, 2018|Daily Commentary|

Monday, April 23, 2018

[Bloomberg] Dollar Advances as Treasury Yields Flirt With 3%: Markets Wrap [CNBC] The 10-year Treasury yield is inches away from 3%, a level that could cause shock waves in the financial markets [CNBC] The market [...]

April 22nd, 2018|Daily Commentary|

Sunday, April 22, 2018

[Bloomberg] U.S. Hints at China Truce as World Warns of Trade-War Threat [Reuters] Chinese central bank governor says economy strong, financial leverage under control [WSJ] It’s a Scary Time To Be Trading Wall Street’s Fear [...]

April 22nd, 2018|Daily Commentary|

Saturday, April 21, 2018

[Bloomberg] Trade, Debt Seen as Global Growth Threats in IMF Panel's Draft [Reuters] IMF must better police external imbalances: Treasury's Mnuchin [Reuters] China's Xi says internet control key to stability [Reuters] China navy drills in [...]

April 21st, 2018|Daily Commentary|

April 20, 2018: Recalling 1994

Equities rallied to begin the week. With Syrian missile strikes more limited than feared and no military response from Russia, there was immediate impetus to unwind hedges. That it was option expiration week ensured plenty [...]

April 20th, 2018|Weekly Commentary|

Friday, April 20, 2018

[Bloomberg] Dollar Gains as Treasuries Steady; Stocks Struggle: Markets Wrap [CNBC] Trump blasts OPEC, says cartel is keeping oil prices 'artificially very high' and that 'will not be accepted' [Reuters] China envoy says China will [...]

April 19th, 2018|Daily Commentary|

Thursday, April 19, 2018

Please join me and David McAlvany for the MWM Tactical Short Second-Quarter 2018 Conference Call: "Market Structure, Trump Tariffs, Higher Rates… Markets at a Precipice?" Thursday, April 19th, at 4:30pm EST (2:30pm MST): Click here [...]

April 18th, 2018|Daily Commentary|

Wednesday, April 18, 2018

Please join me and David McAlvany for the MWM Tactical Short Second-Quarter 2018 Conference Call: "Market Structure, Trump Tariffs, Higher Rates… Markets at a Precipice?" Thursday, April 19th, at 4:30pm EST (2:30pm MST): Click here [...]

April 17th, 2018|Daily Commentary|

Tuesday, April 17, 2018

Please join me and David McAlvany for the MWM Tactical Short Second-Quarter 2018 Conference Call: "Market Structure, Trump Tariffs, Higher Rates… Markets at a Precipice?" Thursday, April 19th, at 4:30pm EST (2:30pm MST): Click here [...]

April 16th, 2018|Daily Commentary|

Monday, April 16, 2018

[Bloomberg] U.S. Stocks Rally, Bonds Fall After Syria: Markets Wrap [Bloomberg] U.S. Retail Sales Rebound in Sign Consumer Weakness Transitory [Bloomberg] IMF Says China's Complex Fiscal System Needs ‘Crucial’ Overhaul [Bloomberg] Hong Kong Plows $1.7 [...]

April 15th, 2018|Daily Commentary|

Sunday, April 15, 2018

[Reuters] Oil, gold to gain on Syrian strikes, Russian retaliation in focus [Bloomberg] U.K. Pushes Back Against More Syria Strikes as U.S. Talks Tough [Bloomberg] Japan Protesters Call for ‘Liar’ Abe to Resign Over Scandal [...]

April 15th, 2018|Daily Commentary|

Saturday, April 14, 2018

[CNBC] Oil prices vulnerable to 'super spikes' again as geopolitics heats up [CNBC] Russia warns of 'consequences' for US-led strike on Syria [Bloomberg] Russia calls for UN meeting on Syria, mulls supplies of S-300 systems [...]

April 14th, 2018|Daily Commentary|

Friday, April 13, 2018

[Bloomberg] Stocks Drop as Investors Turn on Banks, Financials: Markets Wrap [Bloomberg] Oil Set for Biggest Weekly Gain in 9 Months Amid Supply Risks [Bloomberg] Aluminum Set for Best Week in Three Decades [CNBC] White [...]

April 12th, 2018|Daily Commentary|

Thursday, April 12, 2018

[Bloomberg] U.S. Stocks Advance as Syria Stress Eases: Markets Wrap [Bloomberg] Oil Trades Near Three-Year High as Middle East Risks Flare [Bloomberg] Trump Weighs Strike Options on Syria as Allies Rally Over Attack [Reuters] Beijing [...]

April 11th, 2018|Daily Commentary|

Wednesday, April 11, 2018

[Bloomberg] Trump Syria Tweets Shake Stocks, Boost Treasuries: Markets Wrap [Bloomberg] Trump Tells Russia to ‘Get Ready’ for Missiles Coming at Syria [Bloomberg] Ruble Slumps to 16-Month Low After Trump’s Syria Warning [MarketWatch] Gold advances [...]

April 10th, 2018|Daily Commentary|

Tuesday, April 10, 2018

[Bloomberg] Traders Turn Risk-On as U.S.-China Standoff Eases: Markets Wrap [Bloomberg] Wholesale Prices in U.S. Climbed More Than Forecast in March [Reuters] China's Xi promises to lower tariffs this year, open economy further [Bloomberg] Xi [...]

April 9th, 2018|Daily Commentary|

Monday, April 9, 2018

[Bloomberg] U.S. Stocks Rise as Xi Seen Calming Waves: Markets Wrap [Bloomberg] China Is Studying Yuan Devaluation as a Tool in Trade Spat [Reuters] China blames U.S for trade frictions, says negotiations currently impossible [...]

April 8th, 2018|Daily Commentary|

Sunday, April 8, 2018

[Bloomberg] Xi Takes Center Stage to Defend China's Trade From Trump Barrage [Reuters] China's state media urges U.S. industry to rally against Trump tariff threat [CNBC] US farmers in 'precarious position' with China as trade [...]

April 7th, 2018|Daily Commentary|

Saturday, April 7, 2018

[Reuters] Trump administration mulls stiffer rules for imported cars [Reuters] High stakes, high expectations as earnings season heats up [CNBC] President Trump's trade policy is 'difficult to follow,' top EU official says [Reuters] Japan activates [...]

April 7th, 2018|Daily Commentary|

April 6, 2018: Market Realities

Please join me and David McAlvany for the MWM Tactical Short Second-Quarter 2018 Conference Call: “Market Structure, Trump Tariffs, Higher Rates… Markets at a Precipice?” Thursday, April 19th, at 4:30pm EST (2:30pm MST): Click here to [...]

April 6th, 2018|Weekly Commentary|

Friday, April 6, 2018

[Bloomberg] Trump Trade Jabs Sink Stocks; Jobs Miss No Help: Markets Wrap [Bloomberg] U.S. Payrolls Rise Below-Forecast 103,000; Wage Gains Pick Up [Bloomberg] Trump Escalates Trade Tensions With Call for New China Tariffs [AP] China [...]

April 5th, 2018|Daily Commentary|

Thursday, April 5, 2018

[Bloomberg] Stocks Rebound as Trade Fears Recede; Bonds Slide: Markets Wrap [Bloomberg] U.S. Trade Gap Widens for Sixth Month Ahead of Trump Tariffs [Bloomberg] China's Rapid Response to Tariffs Raises Treasuries Risk, for Some [CNBC] [...]

April 4th, 2018|Daily Commentary|

Wednesday, April 4, 2018

[Bloomberg] Specter of Full Trade War Returns to Batter Stocks: Markets Wrap [Reuters] Boeing, Ford lead list of casualties in China-U.S. trade spat [Bloomberg] China’s Counterpunch to Trump’s Tariffs Sparks Global Selloff [Bloomberg] China Strikes [...]

April 3rd, 2018|Daily Commentary|

Tuesday, April 3, 2018

[Bloomberg] U.S. Stocks Rebound With Tech, Treasuries Weaken: Markets Wrap [Bloomberg] China to Respond to New U.S. Duties With ‘Same Scale, Intensity’ [Reuters] China imposed tariffs on U.S. products to 'balance losses': state media [Bloomberg] [...]

April 2nd, 2018|Daily Commentary|

Monday, April 2, 2018

[Bloomberg] U.S. Stocks Drop With Treasuries, Dollar Steady: Markets Wrap [Bloomberg] Oil Extends Rally After U.S. Rigs Decline as Iran Risks Persist [Bloomberg] Quarter Begins With Investors Asking One Thing: Is Nowhere Safe? [Reuters] Trump [...]

April 1st, 2018|Daily Commentary|

Sunday, April 1, 2018

[Bloomberg] Asian Stocks Set for Muted Start to Second Quarter: Markets Wrap [AP] China announces it's imposing new tariffs on 128 US products [Bloomberg] China's Response to U.S. Metals Tariffs Goes Into Effect Monday [Reuters] [...]

April 1st, 2018|Daily Commentary|

Saturday, March 31, 2018

[CNBC] These are the ways student loans stop people from buying a house [Bloomberg] China March Factory Gauge Rebounds as Export Demand Recovers [Bloomberg] EU Sours on Reviving Trade-Pact Push With U.S. Amid Tariffs Row [...]

March 31st, 2018|Daily Commentary|

Friday, March 30, 2018

[Bloomberg] Asian Stocks Round Out a Tough Quarter With Gains: Markets Wrap [Bloomberg] Walmart Is in Early Talks With Humana, WSJ Reports [Reuters] Global mergers and acquisitions reached a record high in the first quarter [...]

March 29th, 2018|Daily Commentary|

Thursday, March 29, 2018

[Bloomberg] Shadow of Tech Turmoil Lingers as Stocks Steady: Markets Wrap [Bloomberg] U.S. Consumer Spending Gain Lags Behind Income for Second Month [Bloomberg] U.S. Jobless Claims Decline to Lowest Level Since January 1973 [Reuters] China [...]

March 28th, 2018|Daily Commentary|

Wednesday, March 28, 2018

[Bloomberg] Stocks Mixed on Renewed Tech Woes; Dollar Rises: Markets Wrap [Bloomberg] U.S. Economic Growth Revised Higher on Spending, Inventories [Bloomberg] Libor's Ascent Is New Culprit for Hedged Treasury Yields Near 0% [Bloomberg] Traders Scratching [...]

March 27th, 2018|Daily Commentary|

Tuesday, March 27, 2018

[Bloomberg] U.S. Stocks Edge Higher as Pound Sinks With Euro: Markets Wrap [Bloomberg] Oil Advances as Easing Trade Tensions Counter Oversupply Fears [Bloomberg] Home Prices in 20 U.S. Cities Advance More Than Forecast [CNBC] Gold [...]

March 26th, 2018|Daily Commentary|

Monday, March 26, 2018

[Bloomberg] Stocks Advance, Bonds Fall as Trade Fears Subside: Markets Wrap [CNBC] China's premier pledges to open markets in a bid to avert a trade war with the US [Bloomberg] Bond Traders Face Gut-Check in [...]

March 25th, 2018|Daily Commentary|

Sunday, March 25, 2018

[Bloomberg] Asia Stocks Signal More Losses Amid Trade Tensions: Markets Wrap [Reuters] Mnuchin: Trump not afraid of a trade war with China - Fox News [Bloomberg] Mnuchin ‘Hopeful’ Truce Can Be Reached With China on [...]

March 25th, 2018|Daily Commentary|

Saturday, March 24, 2018

[Bloomberg] Stocks Tumble in Biggest Weekly Decline Since 2016: Markets Wrap [Reuters] China warns US it will defend own trade interests [CNBC] Top economists and business leaders weigh in on the risks of a US-China [...]

March 24th, 2018|Daily Commentary|

Friday, March 23, 2018

[Bloomberg] Stocks Climb as Energy Leads Gains; Oil Increases: Markets Wrap [Bloomberg] Gold’s ‘Good Week’ Gets Better as Trade War Ignites Haven Demand [Bloomberg] Oil Gains as Trump Picks Iran Hawk Bolton as Security Adviser [...]

March 22nd, 2018|Daily Commentary|

Thursday, March 22, 2018

[Bloomberg] Stocks Drop, Bonds Rally as Trade Tensions Rise: Markets Wrap [Bloomberg] Trump to Announce $50 Billion in China Tariffs, Sources Say [CNBC] US vows to defend farmers from possible China trade action against soybeans [...]

March 21st, 2018|Daily Commentary|

Wednesday, March 21, 2018

[Bloomberg] Stocks Renew Drop on Facebook Concern; Dollar Dips: Markets Wrap [Reuters] U.S. current account deficit widens in fourth quarter [Bloomberg] Powell to Ponder Hawkish Tone in FOMC Debut: Decision Day Guide [CNBC] GOP [...]

March 20th, 2018|Daily Commentary|

Tuesday, March 20, 2018

[Bloomberg] Stocks Recover From Tech Selloff; Yields Rise: Markets Wrap [Bloomberg] U.S. Plans Heavy China Tariff Hit as Soon as This Week [Bloomberg] Fed Seen Sticking With Three 2018 Rate Hikes, May Hint at Fourth [...]

March 19th, 2018|Daily Commentary|

Monday, March 19, 2018

[Bloomberg] Stocks Slide in Broad Selloff; Brexit Spurs Pound: Markets Wrap [Bloomberg] Weakening FANG Stocks Stir Overnight Volatility in U.S. Futures [Reuters] Powell's Fed to show policy caution, shun political friction [Bloomberg] Congress risks another [...]

March 18th, 2018|Daily Commentary|

Sunday, March 18, 2018

[Bloomberg] Bond Traders' March Fed Guide: Beware the Four-Hike Hype So Soon [Reuters] Investors eye currencies for those most at risk in a trade war [Bloomberg] Yi Gang to Become China’s Central Bank Governor, WSJ [...]

March 18th, 2018|Daily Commentary|

Saturday, March 17, 2018

[Bloomberg] G-20 Sees Global Tension, End to Cheap Money as Risk to Growth [Bloomberg] Brace Yourself, It’s Going to Be a Busy Week in the World Economy [Reuters] Russia expels 23 British diplomats as crisis [...]

March 17th, 2018|Daily Commentary|

Friday, March 16, 2018

[Bloomberg] U.S. Stocks Higher on Brisk Factory Output: Markets Wrap [Bloomberg] U.S. Housing Starts Cooled in February After Robust January [Bloomberg] U.S. Factory Output Rebounds in February and Exceeds Estimates [Reuters] Trump's tariffs head for [...]

March 15th, 2018|Daily Commentary|

Thursday, March 15, 2018

[Bloomberg] Stocks, Bonds Fluctuate as Traders Size Up Kudlow: Markets Wrap [Bloomberg] U.S. Home Prices Rise Almost 9%, the Biggest Gain in Four Years [Reuters] U.S. job market tightening, inflation steadily rising [CNBC] Import prices [...]

March 14th, 2018|Daily Commentary|

Wednesday, March 14, 2018

[Bloomberg] Stocks Climb as U.S. Retail Sales Numbers Cool: Markets Wrap [Reuters] Rising services costs lift U.S. producer prices in February [Bloomberg] U.S. Retail Sales Unexpectedly Fall for Third Straight Month [CNBC] Mortgage refinances fall [...]

March 13th, 2018|Daily Commentary|

Tuesday, March 13, 2018

[Bloomberg] U.S. Stocks Rise as Inflation Meets Estimates: Markets Wrap [Bloomberg] U.S. Inflation Picked Up in February Without Any Big Acceleration [Bloomberg] Trump Fires Tillerson, Names CIA’s Pompeo as Secretary of State [Reuters] Conservative commentator [...]

March 12th, 2018|Daily Commentary|

Monday, March 12, 2018

[Bloomberg] Stocks Rally on Upbeat Outlook; Dollar Pares Drop: Markets Wrap [Bloomberg] Trump's Trade War and the $470 Billion Hit to the Global Economy [CNBC] On 10th anniversary of Bear Stearns' near collapse, Senate pushes [...]

March 11th, 2018|Daily Commentary|

Sunday, March 11, 2018

[Reuters] Trump's trade policies jeopardize jobs and prosperity: German minister [Reuters] China says trade war with U.S. will only bring disaster to global economy [Reuters] China allows Xi to remain president indefinitely, tightening his grip [...]

March 11th, 2018|Daily Commentary|

Saturday, March 10, 2018

[Reuters] How Trump’s tariffs morphed from 'no exemptions' to carve-outs galore [AP] Critics silenced ahead of China’s move to end Xi term limits [WSJ] Inside Trump’s Trade War: How Tariff Backers Beat Free Traders [WSJ] [...]

March 10th, 2018|Daily Commentary|

Friday, March 9, 2018

[Bloomberg] Stocks Gain, Treasuries Fall After U.S. Jobs Data: Markets Wrap [Bloomberg] U.S. Added 313,000 Jobs in February; Wage Gains Cool to 2.6% [Bloomberg] China Warns of ‘Strong’ Measures to Counter Trump Trade Tariffs [Bloomberg] [...]

March 8th, 2018|Daily Commentary|

Thursday, March 8, 2018

[Bloomberg] Stocks Rise as Trade Fears Ebb; Euro Swings on ECB: Markets Wrap [Bloomberg] ECB Unexpectedly Dials Back Stimulus Pledge as Economy Improves [Reuters] 'Death by China' economist ascendant as Trump pushes tariffs, hits China [...]

March 7th, 2018|Daily Commentary|

Wednesday, March 7, 2018

[Bloomberg] Global Stocks Drop on Trade Gloom; Bonds Advance: Markets Wrap [Bloomberg] U.S. Trade Gap Widens to Post-Recession High [CNBC] Private-sector jobs grow by 235,000 in February, vs 195,000 expected: ADP/Moody's Analytics [Reuters] U.S. fourth-quarter [...]

March 6th, 2018|Daily Commentary|

Tuesday, March 6, 2018

[Bloomberg] Stocks Climb on Korea Hope, Opposition to Tariffs: Markets Wrap [Reuters] Trump faces pushback on tariffs but says he will not back down [Bloomberg] EU Raises Stakes for Trump by Aiming Levies at GOP [...]

March 5th, 2018|Daily Commentary|

Monday, March 5, 2018

[Bloomberg] Stocks Rise on Speculation Trade Threat Overstated: Markets Wrap [Bloomberg] Italian Markets Feel the Heat as Anti-Establishment Parties Surge [Bloomberg] Trump Says No Mexico, Canada Steel Break Without Fair Nafta [Bloomberg] Trump’s Tariffs: All [...]

March 4th, 2018|Daily Commentary|

Sunday, March 4, 2018

[Bloomberg] China to Hold Trade Talks With U.S. in Beijing as Tensions Rise [Reuters] China says must control money supply to combat financial risk [Bloomberg] China Plans Greater Economic Policy Coordination [Reuters] Italians queue to [...]

March 4th, 2018|Daily Commentary|

Saturday, March 3, 2018

[CNBC] Trump threatens to slap retaliatory tariff on European cars as trade war talk heats up [BBC] Trump steps up war of words on trade with threat to tax EU cars [Bloomberg] China Political Advisers [...]

March 4th, 2018|Daily Commentary|

March 2, 2018: Cracks

After posting an intra-week high of 25,800 on Tuesday, the DJIA then dropped 1,583 points (6.1%) at the week’s Friday morning low (24,217) – before closing the session at 24,538 (down 3.0% for the week). [...]

March 2nd, 2018|Weekly Commentary|

Friday, March 2, 2018

[Bloomberg] Stocks Roiled on `Trade War' Talk; Bonds Advance: Markets Wrap [Bloomberg] Trump Says Trade Wars Are ‘Good, and Easy to Win’ [Bloomberg] Here’s How Trump Could Really Hurt China on Trade [Bloomberg] Trump’s Tariffs [...]

March 1st, 2018|Daily Commentary|

Thursday, March 1, 2018

[Bloomberg] Global Stocks Slide, Treasuries Rise Before Powell: Markets Wrap [Bloomberg] U.S. Real Disposable Incomes Up Most in Five Years on Tax Cuts [Bloomberg] Jobless Claims in U.S. Drop to Lowest in Almost Five Decades [...]

February 28th, 2018|Daily Commentary|

Wednesday, February 28, 2018

[Bloomberg] Stocks Mixed as Fed Outlook Weighs; Dollar Steady: Markets Wrap [Bloomberg] U.S. Fourth-Quarter Growth Revised Down to 2.5% Annualized Pace [Bloomberg] Here's What We Learned From Powell's First Fed Chair Testimony [Bloomberg] Bond Market [...]

February 27th, 2018|Daily Commentary|

Tuesday, February 27, 2018

[Bloomberg] U.S. Stocks Fluctuate, Treasuries Rise on Powell: Markets Wrap [Bloomberg] Powell Sees Gradual Rate Hikes Amid Strong U.S. Growth Outlook [CNBC] Fed Chairman Powell: Market volatility won't stop more rate hikes [CNBC] Home prices [...]

February 26th, 2018|Daily Commentary|

Monday, February 26, 2018

[Bloomberg] Stocks Climb as Yields Hold Steady; Dollar Falls: Markets Wrap [Bloomberg] Powell Could Put Up With 2.5% Inflation to Keep Growth Pumping [Reuters] Corporate America’s new dilemma: raising prices to cover higher transport costs [...]

February 25th, 2018|Daily Commentary|

Sunday, February 25, 2018

[Reuters] Buffett says 'terrible mistake' for long-term investors to be in bonds [Reuters] Anbang takeover puts China's companies on notice [Reuters] China sets stage for Xi to stay in office indefinitely [WSJ] Investors’ Zeal to [...]

February 25th, 2018|Daily Commentary|

Saturday, February 24, 2018

[Reuters] Markets fret over Federal Reserve's approach under new chair Powell [Reuters] Latvia calls emergency meeting after third-largest bank fails [Reuters] China's January home prices rise even as top cities register decline [Bloomberg] Fed's Williams [...]

February 24th, 2018|Daily Commentary|

Friday, February 23, 2018

[Bloomberg] U.S. Stocks Rise With Treasuries, Dollar Mixed: Markets Wrap [Bloomberg] Mnuchin Urges Markets to Shrug Off Worries Over Tax Cuts, Debt [Bloomberg] Inflation-Vexed Bond Traders Are Unconvinced by Hawkish Fed Talk [Bloomberg] VIX Funds [...]

February 22nd, 2018|Daily Commentary|

Thursday, February 22, 2018

[Bloomberg] U.S. Stocks Rebound, Dollar Stumbles With Yields: Markets Wrap [Bloomberg] ECB Keeps Guidance Change on the Radar for First Half of 2018 [Reuters] U.S. Treasury official slams China's 'non-market behavior' [Bloomberg] China's VIX Goes [...]

February 21st, 2018|Daily Commentary|

Wednesday, February 21, 2018

[Bloomberg] Dollar Gains, Tech Lifts U.S. Stocks; Bonds Mixed: Markets Wrap [Reuters] Fed's Harker sees two U.S. rate hikes this year [CNBC] Weekly mortgage applications tank even more, as rising rates make homes less affordable [...]

February 20th, 2018|Daily Commentary|

Tuesday, February 20, 2018

[Bloomberg] U.S. Stocks Decline With Treasuries, Dollar Gains: Markets Wrap [Bloomberg] Treasury $258 Billion Bond Auction Is Hogging All the Attention [Bloomberg] Fed Minutes May Give Clues to 2018 Interest Rate Word Puzzle [Bloomberg] A [...]

February 19th, 2018|Daily Commentary|

Monday, February 19, 2018

[Bloomberg] European Stocks Falter After Asia Rally; Oil Rises: Markets Wrap [Bloomberg] Goldman Sees U.S. Interest Cost Surge on Rising Yields, Deficit [CNBC] Goldman Sachs sees red ink everywhere, warns US spending could push up [...]

February 18th, 2018|Daily Commentary|

Sunday, February 18, 2018

[Bloomberg] ECB's Rimsevics Detained by Latvian Anti-Graft Bureau [Bloomberg] U.S.-Russia Tension Flares Over Nuclear Arms Control Now at Risk [Reuters] Netanyahu says Israel could act against Iran's 'empire'

February 18th, 2018|Daily Commentary|

Saturday, February 17, 2018

[Reuters] Stock volatility: back with a bang and here to stay [Bloomberg] What Shaped the Stock Market's $3 Trillion Trauma [Bloomberg] China Warns It May Retaliate If U.S. Imposes Metal Tariffs [Reuters] Exclusive: Indian banks [...]

February 18th, 2018|Daily Commentary|

Friday, February 16, 2018

[Bloomberg] U.S. Stocks Fluctuate as Treasuries, Dollar Gain: Markets Wrap [Bloomberg] U.S. Housing Starts Reach Highest Level in More Than a Year [CNBC] US import prices rise more than expected in January [Bloomberg] Cracks Appear [...]

February 15th, 2018|Daily Commentary|

Thursday, February 15, 2018

[Bloomberg] Global Stocks Extend Rebound; Treasuries Decline: Markets Wrap [CNBC] US 10-year yield rises to fresh 4-year high of 2.94% [Bloomberg] Oil Trades Near One-Week High as Stockpile Gains Slow Down [Bloomberg] Dollar Under Siege [...]

February 14th, 2018|Daily Commentary|

Wednesday, February 14, 2018

[Bloomberg] U.S. Stocks Gain as 10-Year Yield Approaches 2.9%: Markets Wrap [Bloomberg] U.S. Consumer Prices Rise More Than Forecast on Apparel Costs [Bloomberg] U.S. Retail Sales Unexpectedly Fall After December Revised Down [Reuters] Euro zone [...]

February 13th, 2018|Daily Commentary|

Tuesday, February 13, 2018

[Bloomberg] Stock Recovery Falters; Yen Rallies With Havens: Markets Wrap [Bloomberg] Record Number of U.S. Small-Business Owners Say It’s a Good Time to Expand [Reuters] Stock market's rout is not impacting the US economic outlook: [...]

February 12th, 2018|Daily Commentary|

Monday, February 12, 2018

[Bloomberg] Stocks Rebound With S&P; Oil Snaps Selloff: Markets Wrap [CNBC] US 10-year Treasury yield climbs back to four-year high [Bloomberg] Record $23 Billion Flees World's Largest ETF [Bloomberg] Volatility’s Awakening Spurs Record Long Position [...]

February 11th, 2018|Daily Commentary|

Sunday, February 11, 2018

[Bloomberg] Bond-Stock Clash Has Just Begun as Inflation Looms [Reuters] ECB concerned about U.S. political influence on exchange rates: Nowotny [Reuters] IMF's Lagarde says market swings aren't worrying, but wants reforms [Reuters] Iran displays missile, [...]

February 11th, 2018|Daily Commentary|

Saturday, February 10, 2018

[CNBC] Big-spending budget pact rattles markets, threatens 'next fiscal crisis' [Reuters] Investors brace for more swings as U.S. inflation specter rises [Bloomberg] Junk-Bond Selling Accelerates at End of Jittery Week in Markets [FT] The end [...]

February 10th, 2018|Daily Commentary|

Friday, February 9, 2018

[Bloomberg] Global Stocks Selloff Deepens; Treasuries Steady: Markets Wrap [Reuters] Chinese stocks crushed as 'bulls kill bulls' in exit stampede [Bloomberg] U.S. Stock-Index Futures Fluctuate as Week of Woe Draws to Close [Bloomberg] Oil Drops [...]

February 8th, 2018|Daily Commentary|

Thursday, February 8, 2018

[Bloomberg] Stocks Hunt for Direction Amid Turmoil; Yuan Drops: Markets Wrap [Bloomberg] Oil Extends Biggest Drop in Two Months as Dollar and Shale Weigh [AP] Senate leaders’ budget deal faces opposition in both parties [Reuters] [...]

February 7th, 2018|Daily Commentary|

Wednesday, February 7, 2018

[Bloomberg] U.S. Stocks Waver as Jitters Linger; Europe Rises: Markets Wrap [Reuters] Fed's Kaplan says market correction healthy, sees no economic impact [Bloomberg] Congress Seeking Bigger Budget Deal While Avoiding Shutdown [Bloomberg] World's Largest ETF [...]

February 6th, 2018|Daily Commentary|

Tuesday, February 6, 2018

[Bloomberg] Stocks Slump as Selloff Deepens; Treasuries Steady: Markets Wrap [CNBC] Global stocks plunge as sell-off spreads around the world [CNBC] Key measure of market volatility — the VIX — jumps above 50, highest level [...]

February 5th, 2018|Daily Commentary|

Monday, February 5, 2018

[Bloomberg] Stock Selloff Deepens; Dollar Steady as Gold Gains: Markets Wrap [Reuters] Dollar steadies as U.S. jobs data fan inflation expectations, send bond yields up [Bloomberg] Global Rout Takes Hold of Junk-Bond and Emerging-Market Funds [...]

February 4th, 2018|Daily Commentary|

Sunday, February 4, 2018

[Bloomberg] Bond Market's Debt-Ceiling Alarm Bell Is Ringing Loud and Clear [Washington Post] Analysis: Government set to borrow nearly $1 trillion this year [MarketWatch] Risk of market contagion has reached a 6-year high, Deutsche Bank [...]

February 4th, 2018|Daily Commentary|

Saturday, February 3, 2108

[CNBC] Scary Friday could lead to scary Monday for markets [CNBC] Janet Yellen exits the Fed on Friday amid heavy praise and bitter criticism [Reuters] With an eye on Russia, U.S. to increase nuclear capabilities [...]

February 3rd, 2018|Daily Commentary|

Friday, February 2, 2018

[Bloomberg] Treasuries Fall, Dollar Gains on Jobs, Wages Data: Markets Wrap [Bloomberg] U.S. Added 200,000 Jobs in January; Wages Rise Most Since 2009 [CNBC] US 10-year Treasury yield jumps to 4-year high of 2.83% after [...]

February 1st, 2018|Daily Commentary|

Thursday, February 1, 2018

[Bloomberg] U.S. Stocks Fall on Tech Weakness, Bonds Pare Loss: Markets Wrap [Bloomberg] U.S. Productivity Fell Last Quarter to Extend Sluggish Run [Politico] GOP faces new shutdown threat from within [Reuters] China January factory growth [...]

January 31st, 2018|Daily Commentary|

Wednesday, January 31, 2018

[Bloomberg] Stock Declines Ease as Dollar Drops; Oil Retreats: Markets Wrap [Reuters] Trump urges Congress to help stimulate $1.5 trillion in infrastructure spending [Bloomberg] Inflation Debate Grips Fed as Yellen Exits: Decision-Day Guide [Bloomberg] U.S. [...]

January 30th, 2018|Daily Commentary|

Tuesday, January 30, 2018

[Bloomberg] U.S. Stocks Drop for a Second Day; Oil Declines: Markets Wrap [Reuters] World stocks sucked under by bond market breakout [Bloomberg] Health Stocks Fall After Amazon, JPMorgan, Berkshire Announce Health-Care Deal [CNBC] Trump advisor [...]

January 29th, 2018|Daily Commentary|

Monday, January 29, 2018

[Bloomberg] Treasuries Slide, Dollar Gains as Busy Week Begins: Markets Wrap [Bloomberg] U.S. Consumer Spending Rose in December, Saving Rate Dipped [Bloomberg] China H Shares Are Testing History With Wildest Swings Since '07 [Bloomberg] Goldman [...]

January 28th, 2018|Daily Commentary|

Sunday, January 28, 2018

[Bloomberg] Knot Says QE Program Must End `As Soon As Possible' [Bloomberg] Bond Traders' Wild Ride in 2018 Is About to Kick Into Overdrive [Reuters] Erdogan says Turkey will clean entire Syrian border of terrorists [...]

January 28th, 2018|Daily Commentary|

Saturday, January 27, 2018

[Reuters] China to review anti-dumping duties on U.S., E.U. industrial solvents [NYT] Every One of the World’s Big Economies Is Now Growing [WSJ] My 10-Year Odyssey Through America’s Housing Crisis [FT] How long can emerging [...]

January 27th, 2018|Daily Commentary|

Friday, January 26, 2018

[Bloomberg] Dollar Stays Lower After GDP, Trump; Stocks Gain: Markets Wrap [Reuters] World stocks party like its '99, dollar wilts again [Bloomberg] U.S. GDP Grows Below-Forecast 2.6% on Trade, Inventory Drags [Bloomberg] Trump warns Davos [...]

January 25th, 2018|Daily Commentary|

Thursday, January 25, 2018

[Bloomberg] Dollar Extends Drop After Draghi; U.S. Stocks Rise: Markets Wrap [Bloomberg] ECB Keeps Policy Unchanged as Euro Gains Risk Curbing Inflation [Bloomberg] Draghi Sees Inflation Optimism in Recovery But Euro a Concern [Bloomberg] Draghi [...]

January 24th, 2018|Daily Commentary|

Wednesday, January 24, 2018

[Bloomberg] Dollar Woes Deepen as Stocks Edge Up; Gold Rallies: Markets Wrap [Reuters] Dollar skids to three-year low as Mnuchin welcomes currency weakness [CNBC] A weaker dollar is good for the US, Treasury Secretary Mnuchin [...]

January 23rd, 2018|Daily Commentary|

Tuesday, January 23, 2018

[Bloomberg] Treasuries Rally After BOJ; U.S. Stocks Fluctuate: Markets Wrap [Reuters] Trump slaps steep U.S. tariffs on imported washers, solar panels [Reuters] Asia fears U.S. tariffs on washing machines, solar panels just the start [Politico] [...]

January 22nd, 2018|Daily Commentary|

Monday, January 22, 2018

[Bloomberg] Stocks Mixed, Dollar Flat as Shutdown Continues: Markets Wrap [The Hill] Shutdown grinds into workweek after Senate fails to clinch deal [Bloomberg] Government Shutdown Starts to Bite, Raising Political Stakes [Bloomberg] Senate at Impasse [...]

January 21st, 2018|Daily Commentary|

Sunday, January 21, 2018

[The Hill] Playing blame game over shutdown springs both parties in the hot seat [CNN] White House targets filibuster, calls for 'nuclear option' as shutdown enters day 2 [CNBC] High-tax states plan workarounds to the [...]

January 21st, 2018|Daily Commentary|

Saturday, January 20, 2018

[Reuters] Government shuts down as Trump feuds with Democrats [Reuters] What happens in a U.S. government shutdown? [Reuters] China accuses U.S. warship of violating its sovereignty [Reuters] Turkish military operation in Syria's Afrin has begun: [...]

January 20th, 2018|Daily Commentary|

Friday, January 19, 2018

[Bloomberg] Dollar Pressured as Treasuries Steady; Stocks Rise: Markets Wrap [CNBC] 'Shutdown coming?' All eyes are on divided Senate, Trump as deadline threatens [CNBC] House passes bill to avoid a government shutdown. Now comes the [...]

January 18th, 2018|Daily Commentary|

Thursday, January 18, 2018

  [Bloomberg] U.S. Treasury Yield Hits 2.6%; Europe Stocks Mixed: Markets Wrap [Reuters] Strong China data cranks up pressure on bond markets [Bloomberg] U.S. Housing Starts Fall More Than Expected While Permits Steady [Reuters] Republicans [...]

January 17th, 2018|Daily Commentary|

Wednesday, January 17, 2018

[Bloomberg] Stocks Rise as BofA Continues Strong Bank Earnings: Markets Wrap [Bloomberg] House GOP Bid to Avert Shutdown Gains Steam as Deadline Near [Bloomberg] U.S. Manufacturing Output Rose in December for a Fourth Month [CNBC] [...]

January 16th, 2018|Daily Commentary|

Tuesday, January 16, 2018

[Bloomberg] Stocks Race to Records as Big Banks Show Strength: Markets Wrap [Bloomberg] Yuan Strength Leaves Market Guessing at China's Line in the Sand [Bloomberg] Bitcoin Tumbles 20% as Fears of Cryptocurrency Crackdown Linger [Bloomberg] [...]

January 15th, 2018|Daily Commentary|

Monday, January 15, 2018

[Bloomberg] Dollar Slide Deepens as Euro Strength Saps Stocks: Markets Wrap [Bloomberg] Metals Power Higher as Sickly Dollar Spurs Copper-to-Gold Rally [Reuters] BOJ's Kuroda sounds more positive on prices, yen hits four-month high [Bloomberg] China [...]

January 14th, 2018|Daily Commentary|

Sunday, January 14, 2018

[Reuters] China to step up banking oversight in 'arduous' fight on financial risks [Reuters] Trump, Lighthizer discuss China, NAFTA trade talks: White House [Reuters] Merkel could join Macron in Davos for epic clash with Trump [...]

January 14th, 2018|Daily Commentary|

Friday, January 12, 2018

[Bloomberg] Treasuries Fall, Stocks Rise on Price Data: Markets Wrap [Bloomberg] U.S. 2-Year Yield Tops 2% for First Time Since Financial Crisis [Reuters] U.S. core consumer prices post biggest gain in 11 months [Bloomberg] Gain [...]

January 11th, 2018|Daily Commentary|

Thursday, January 11, 2018

[Bloomberg] U.S. Stocks Rise, Dollar Slips With Bonds Steady: Markets Wrap [Bloomberg] Oil Trades at Three-Year High After U.S. Stockpiles Drop Again [Reuters] U.S. producer prices fall; jobless claims up for fourth straight week [Bloomberg] [...]

January 10th, 2018|Daily Commentary|

Wednesday, January 10, 2018

[Bloomberg] Treasuries, Stocks Slump on China as Dollar Falls: Markets Wrap [Bloomberg] Treasuries Slide as China Said to View Them as `Less Attractive' [Reuters] Bond yields hit multi-month highs on report China may slow U.S. [...]

January 9th, 2018|Daily Commentary|

Tuesday, January 9, 2018

[Bloomberg] U.S. Stocks at Records as Dollar Gains, Bonds Fall: Markets Wrap [Bloomberg] Wall Street's Rising Euphoria May Spell Trouble for Stock Market [Politico] Republicans: Budget deal prospects are dimming [Bloomberg] Yen's Spike Shows Taste [...]

January 8th, 2018|Daily Commentary|

Monday, January 8, 2018

[Bloomberg] U.S. Stocks Mixed as Dollar Gains With Crude Oil: Markets Wrap [Bloomberg] Equity Euphoria Grips the Entire World [Bloomberg] Fed Eyes Financial Conditions as Possible Source of Inflation [Politico] White House preparing for trade [...]

January 7th, 2018|Daily Commentary|

Sunday, January 7, 2018

[Reuters] ECB should fix date to end bond purchases: Weidmann [Reuters] Fed officials are already plotting how to combat the next downturn [Bloomberg] White House Doesn't See Need for Faster Fed Hikes [CNBC] By all [...]

January 7th, 2018|Daily Commentary|

Saturday, January 6, 2018

[Reuters] China tightens rules on commercial lender shareholders, entrusted loans [Reuters] Businesses cautious in installing patches to fix chip flaw [FT] Bull or bear? The big issues fund managers face in 2018

January 6th, 2018|Daily Commentary|

Friday, January 5, 2018

[Bloomberg] Bond Pare Gains, Stocks Higher After Jobs Report: Markets Wrap [Bloomberg] U.S. Added Fewer Jobs Than Expected in December [Bloomberg] U.S. Trade Deficit Balloons to Widest in Almost Six Years [Bloomberg] Global Debt Hits [...]

January 4th, 2018|Daily Commentary|

Thursday, January 4, 2018

[Bloomberg] Stocks Rise on Global Growth Outlook; Dollar Slips: Markets Wrap [CNBC] Treasury yields climb after jobs data blows past estimates [Reuters] Oil hits highest since 2015 as Iran unrest spooks market [Bloomberg] Companies in [...]

January 3rd, 2018|Daily Commentary|

Wednesday, January 3, 2018

[Bloomberg] Dollar Halts Slide; U.S. Stocks at Record Highs: Markets Wrap [Reuters] Oil hits new two-and-a-half year highs as higher output looms [Bloomberg] Manufacturing in U.S. Accelerates to Cap Best Year Since '04 [Bloomberg] Ford, [...]

January 2nd, 2018|Daily Commentary|

Tuesday, January 2, 2018

[Bloomberg] European Stocks Slide; Dollar Extends Decline: Markets Wrap [Reuters] Oil posts strongest year opening since 2014; Iran unrest pushes up crude [Bloomberg] Global Manufacturers Strain to Keep Up With Faster Economy [Reuters] Asian factories [...]

January 1st, 2018|Daily Commentary|

Monday, January 1, 2018

[Reuters] As U.S. budget fight looms, Republicans flip their fiscal script [CNBC] Here are three key global themes set to dominate markets in 2018 [Bloomberg] How China Will Shake Up the Oil Futures Market [AP] [...]

January 1st, 2018|Daily Commentary|

Sunday, December 31, 2017

[Bloomberg] China Factory Momentum Remains Intact Amid Smog and Debt Curbs [Bloomberg] China December official services PMI edges up to 55 [Bloomberg] Trump Says World Watching Iran as Hardliners Hold Counterrallies [WSJ] China’s HNA Group [...]

December 30th, 2017|Daily Commentary|

Saturday, December 30, 2017

[Reuters] ECB's Coeure sees 'reasonable chance' bond buys will not be extended [Reuters] China to cap overseas withdrawals using domestic bank cards [NYT] Why Are Mutual Fund Fees So High? This Billionaire Knows

December 30th, 2017|Daily Commentary|

Friday, December 29, 2017

[Bloomberg] U.S. Stocks Mixed, Euro Seeks Best Year Since '03: Markets Wrap [Reuters] U.S. oil prices climb to highest since mid-2015 on surprise output drop [CNBC] Fed could surprise markets with more interest rate hikes [...]

December 28th, 2017|Daily Commentary|

Thursday, December 28, 2017

[Bloomberg] Dollar, Treasuries Decline as Stocks Edge Higher: Markets Wrap [Reuters] Gold hits 1-month high as dollar weakens further [Reuters] Oil prices near 2015 highs on tight market [Bloomberg] Bitcoin Tumbles Over Exchange-Closure Fears [Bloomberg] [...]

December 27th, 2017|Daily Commentary|

Wednesday, December 27, 2017

Bloomberg] U.S. Stocks Fluctuate as Dollar Drops, Bonds Gain: Markets Wrap [Bloomberg] Copper Rallies to Three-Year High as China Plant Halts Output [Bloomberg] China Beige Book Sees Signs of Shift to Slower Growth Already [Bloomberg] [...]

December 26th, 2017|Daily Commentary|

Tuesday, December 26, 2017

[Bloomberg] Apple Drags Down Tech Shares as Gold, Oil Advance: Markets Wrap [Bloomberg] Home Prices in 20 U.S. Cities Increase by Most Since 2014 [Bloomberg] U.S. IPOs Bounce Back: Five Key Measures of 2017's Listings [...]

December 25th, 2017|Daily Commentary|

Monday, December 25, 2017

[Bloomberg] U.S. Dollar Rises With Ruble Amid Holiday Lull: Markets Wrap [Bloomberg] China Signals Slower Growth Is Acceptable to Tackle Debt, Smog [Bloomberg] China Central Bank Official Says Bankruptcy May Benefit the Country [Bloomberg] Analysts [...]

December 25th, 2017|Daily Commentary|

Sunday, December 24, 2017

[Bloomberg] Digital Coins Resume Selloff as Recovery Fizzles [Bloomberg] The Year in Money [Reuters] North Korea says new U.N. sanctions an act of war [WSJ] Spending, Deficit Concerns Arise With New Tax Law

December 24th, 2017|Daily Commentary|

Saturday, December 23, 2017

[Reuters] Oil producers to discuss exit plans from cuts once market near balance: Russia [CNBC] California's monster Thomas fire becomes largest-ever wildfire in state history [Spiegel] Merkel's Difficult Road to a Coalition [WSJ] One Thing [...]

December 23rd, 2017|Daily Commentary|

Friday, December 22, 2017

[Bloomberg] Europe Stocks Slide on Catalan Poll; Dollar Gains: Markets Wrap [Bloomberg] U.S. Consumer Spending Tops Forecasts as Inflation Accelerates [Bloomberg] Catalan Separatists Cheer Puigdemont as Rajoy Handed a Drubbing [Reuters] Japan's record financial year [...]

December 21st, 2017|Daily Commentary|

Thursday, December 21, 2017

[Reuters] Wall Street opens higher after GDP data [CNBC] House unveils 'clean' spending bill to fund the government through January 19 [Bloomberg] Subprime Auto Defaults Are Soaring, and PE Firms Have No Way Out [Reuters] [...]

December 20th, 2017|Daily Commentary|

Wednesday, December 20, 2017

[Bloomberg] Treasuries Down, Stocks Up as Tax Bill Progresses: Markets Wrap [Bloomberg] Oil Gains on Signals U.S. Stockpiles Fell More Than Expected [Bloomberg] Senate Passes U.S. Tax Overhaul Putting Trump on Brink of Big [...]

December 19th, 2017|Daily Commentary|

Tuesday, December 19, 2017

[Bloomberg] Stocks Mixed as Euro Climbs; Treasuries Decline: Markets Wrap [Bloomberg] U.S. Single-Family Housing Starts Rise to Highest in a Decade [CNBC] Holiday spending on track to be highest in at least 12 years: CNBC [...]

December 18th, 2017|Daily Commentary|

Monday, December 18, 2017

[Bloomberg] Stocks Gain on U.S. Tax Plan; Treasuries Decline: Markets Wrap [Reuters] Republicans confident tax bill to become law this week [Bloomberg] Market's Extreme Calm Will Likely Become a Thing of the Past [Bloomberg] HNA [...]

December 17th, 2017|Daily Commentary|

Sunday, December 17, 2017

[Reuters] No. 2 U.S. Senate Republican expects tax bill will pass, eyes Tuesday [NYT] What’s in the Tax Bill, and How It Will Affect You [WSJ] The Fast and the Financed: China’s Well-Funded Auto Startups [...]

December 17th, 2017|Daily Commentary|

Saturday, December 16, 2017

[Bloomberg] GOP Charges to Tax-Cut Finish Line [Bloomberg] GOP Tax Plan Sets Higher Rate Than Expected on Offshore Earnings [Bloomberg] Merkel Ally Draws Red Line in Talks [NYT] The Next Crisis for Puerto Rico: A [...]

December 16th, 2017|Daily Commentary|

Friday, December 15, 2017

[Bloomberg] U.S. Stocks Rise, Dollar Steady Amid Tax Debate: Markets Wrap [Bloomberg] Here’s Where the GOP Tax Plan Stands Right Now [The Hill] Obstacles emerge as GOP races to tax finish [CNBC] Changes coming in [...]

December 14th, 2017|Daily Commentary|

Thursday, December 14, 2017

[Bloomberg] U.S. Stocks Rise, Euro Slips on ECB Inflation View: Markets Wrap [Bloomberg] U.S. Retail Sales Jump More Than Forecast in Broad Advance [Reuters] U.S. import prices surge in November [Bloomberg] Two GOP Senators Slam [...]

December 13th, 2017|Daily Commentary|

Wednesday, December 13, 2017

[Bloomberg] Dollar Drops After Alabama Vote; Asia Stocks Mixed: Markets Wrap [Bloomberg] U.S. Inflation Picks Up on Energy Costs; Core Gauge Slows [Bloomberg] Fed 2018 Dots in Focus for Yellen Swan Song: Decision Day Guide [...]

December 12th, 2017|Daily Commentary|

Tuesday, December 12, 2017

[Bloomberg] Stocks Push Higher as Oil Rises; Dollar Steadies: Markets Wrap [Reuters] Oil hits two-year-and-a-half year high on pipeline shutdown [Reuters] U.S. producer prices rise strongly, point to firming inflation [CNBC] How the Fed could [...]

December 11th, 2017|Daily Commentary|

Monday, December 11, 2017

[Bloomberg] U.S. Stocks Rise Despite NYC Explosion; Gold Falls: Markets Wrap [Bloomberg] Bitcoin Futures Start With a Bang as Gain Trips Circuit Breakers [Reuters] Powell faces early test of policy view as tax cuts near [...]

December 10th, 2017|Daily Commentary|

Saturday, December 9, 2017

[Bloomberg] With the U.S. Going Rogue, World Fumbles for New Trade Consensus [Bloomberg] China Factory Inflation Eases as Consumer Prices Remain Subdued [Bloomberg] Steinhoff Seeks to Defuse Accounting Scandal [FT] Pool of negative yielding bonds [...]

December 9th, 2017|Daily Commentary|

Friday, December 8, 2017

[Bloomberg] U.S. Stocks Rise, Dollar Holds Gain on Jobs: Markets Wrap [Bloomberg] Oil Rises, Paring Weekly Decline After Chinese Imports Increase [Bloomberg] U.S. Payrolls Rise 228,000 While Wages Gain Less Than Forecast [Reuters] What's in [...]

December 7th, 2017|Daily Commentary|

Thursday, December 7, 2017

[Bloomberg] Dollar Rises to Two-Week High; Stocks Erase Gains: Markets Wrap [Bloomberg] Commodities Crumble Again as China Alarm Bells Sink Metals [CNBC] Bitcoin tops $15,000, surging more than $3,000 in less than 36 hours [Bloomberg] [...]

December 6th, 2017|Daily Commentary|

Wednesday, December 6, 2017

[Bloomberg] U.S. Stocks Avoid Worst of Selloff as Bonds Climb: Markets Wrap [Reuters] House tax positions begin to emerge ahead of talks with Senate [CNBC] Here's what the Senate's tax bill means for your wallet [...]

December 5th, 2017|Daily Commentary|

Tuesday, December 5, 2017

[Bloomberg] U.S. Tech Shares Rebound as Metals Fall With Pound: Markets Wrap [Bloomberg] U.S. Trade Deficit Is Widest Since January [Bloomberg] Growth in U.S. Service Industries Cools From a 12-Year High [Bloomberg] State Street Says [...]

December 4th, 2017|Daily Commentary|

Monday, December 4, 2017

[Bloomberg] Stocks Jump With Dollar on Tax Plan as Yields Rise: Markets Wrap [Politico] Congress faces frantic week with possible shutdown, taxes, Russia [Bloomberg] Congress Talks Tax Deal as Trump Signals Corporate Rate Retreat [Bloomberg] [...]

December 3rd, 2017|Daily Commentary|

Sunday, December 3, 2017

[Reuters] Greece, lenders reach deal on reforms under bailout review [Reuters] Turkey's Erdogan says businessmen moving assets abroad are 'traitors' [FT] Big six US banks add $170bn to trading firepower

December 3rd, 2017|Daily Commentary|

Saturday, December 2, 2017

[Bloomberg] Senate Passes Major Business, Individual Cuts: Tax Debate Update [Bloomberg] The Biggest Sticking Points Between Senate and House Tax Bills [Reuters] Fear of missing out keeps investors in stocks despite risks [Reuters] China airs [...]

December 2nd, 2017|Daily Commentary|

Friday, December 1, 2017

[Bloomberg] U.S Stocks Mixed After Rally, Treasuries Advance: Markets Wrap [Bloomberg] European Stocks Hit Two-Week Low as Tech Shares Extend Selloff [Bloomberg] Oil Extends Gains as OPEC Prolongs Production Curbs Through 2018 [Bloomberg] China Stocks [...]

November 30th, 2017|Daily Commentary|

Thursday, November 30, 2017

[Bloomberg] U.S. Stocks Gain on FANG Rebound as Crude Climbs: Markets Wrap [Reuters] Senate tax drama enters complicated end-game [Bloomberg] U.S. Consumer Spending Cools While Inflation May Encourage Fed [Bloomberg] Bank of Korea Leads the [...]

November 29th, 2017|Daily Commentary|

Wednesday, November 29, 2017

[Bloomberg] Stocks Gain With Tax, Data in Focus; Pound Rises: Markets Wrap [Bloomberg] U.S. Third-Quarter Growth Revised Up to 3.3%, Three-Year High [Reuters] Senate Republicans shove tax bill ahead as Democrats fume [CNBC] Bitcoin surges [...]

November 28th, 2017|Daily Commentary|

Tuesday, November 28, 2017

[Bloomberg] Stocks Rise as Energy Shares Jump; Dollar Steady: Markets Wrap [Reuters] U.S. goods trade deficit widens in October, inventories fall [Bloomberg] Home Prices in 20 U.S. Cities Rise by Most Since Mid-2014 [Reuters] Fed [...]

November 27th, 2017|Daily Commentary|

Monday, November 27, 2017

[Bloomberg] Stocks Struggle as Metal Prices Drop; Dollar Slips: Markets Wrap [Bloomberg] China Shares Resume Decline as Year's Top Performers Take a Hit [Bloomberg] Bitcoin Guns For $10,000 as Cryptocurrency Mania Intensifies [Bloomberg] Here’s Where [...]

November 26th, 2017|Daily Commentary|

Sunday, November 26, 2017

[Reuters] Black Friday, Thanksgiving online sales climb to record high [Bloomberg] Bond Traders Start to See Crack in Fed's Resolve About Inflation [Reuters] Bavaria boss backs SPD tie-up as consensus grows for German grand coalition [...]

November 26th, 2017|Daily Commentary|

Saturday, November 25, 2017

[[CNBC] Big week for markets with Fed's Powell confirmation hearing and Yellen testimony [Reuters] China online finance regulator tells unqualified micro-lenders to stop lending [CNBC] The Fed launched QE nine years ago — these four [...]

November 25th, 2017|Daily Commentary|

Friday, November 24, 2017

Bloomberg] Stocks Climb as Retailers Gain on Black Friday: Markets Wrap [Bloomberg] Oil Rises as Russia and OPEC Said to Reach Outline Deal on Cuts [Bloomberg] Germany's SPD Decides to Accept Negotiations With Merkel [Bloomberg] [...]

November 24th, 2017|Daily Commentary|

Thursday, November 23, 2017

[Bloomberg] European Stocks Erase Losses; Dollar Extends Drop: Markets Wrap [Bloomberg] Chinese Stocks Tumble Most in 17 Months as Bond Selloff Spreads [Reuters] China stocks suffer mauling, Fed leaves dollar in a daze [Bloomberg] What [...]

November 22nd, 2017|Daily Commentary|

Wednesday, November 22, 2017

[Bloomberg] Dollar, Bonds Slip as Stocks Rise; Pound Swings: Markets Wrap [Bloomberg] Oil Climbs to Two-Year High as Stockpiles Fall Before OPEC Meets [Bloomberg] U.S. Business Equipment Orders Fall for First Time Since June [Reuters] [...]

November 21st, 2017|Daily Commentary|

Tuesday, November 21, 2017

[Bloomberg] Global Stocks Gain as Bonds Rise; Dollar Slips: Markets Wrap [Bloomberg] People Are Suddenly Worried About the Yield Curve Flattening [Politico] Congress speeds toward shutdown over Dreamers [Bloomberg] ECB Is Said Likely to Take [...]

November 20th, 2017|Daily Commentary|

Monday, November 20, 2017

[Bloomberg] Dollar Rises as Treasuries Drop; Stocks Rebound: Markets Wrap [Bloomberg] Merkel’s Attempt to Form a New German Government Collapses [Bloomberg] China Clampdown Signals ‘New Era’ for $15 Trillion in Funds [CNBC] Chinese shadow banking [...]

November 19th, 2017|Daily Commentary|

Sunday, November 19, 2017

[Reuters] 'No fireworks' at NAFTA talks, but few signs of progress [Bloomberg] Merkel Faces Endgame for Next German Government in Party Talks [Bloomberg] Zimbabwe Ruling-Party Leaders Gather to Decide Mugabe's Fate [WSJ] Is This the [...]

November 19th, 2017|Daily Commentary|

Saturday, November 18, 2018

[Bloomberg] China Home Prices Stop Three-Month Drop as Market Stabilizes [Reuters] Global banks flag concerns over U.S. Senate tax proposal [Reuters] German parties regroup for last-ditch coalition push [Reuters] Zimbabwe protesters begin marching towards Mugabe residence

November 18th, 2017|Daily Commentary|

Friday, November 17, 2017

[Bloomberg] U.S. Stocks Decline With Dollar as Treasuries Rise: Markets Wrap [Bloomberg] Oil Climbs as Saudi Arabia Seeks to Dispel Doubts Over Russia [Bloomberg] U.S. Home Starts Reach Highest Level in a Year, Permits [...]

November 16th, 2017|Daily Commentary|

Thursday, November 16, 2017

[Bloomberg] Stocks Regain Ground; Euro Slips, Dollar Edges Up: Markets Wrap [Reuters] Congress poised for a major test on tax legislation [AP] GOP muscling tax bill through House; hits senator roadblock [Bloomberg] Fed Insiders [...]

November 15th, 2017|Daily Commentary|

Wednesday, November 15, 2017

[Bloomberg] Stocks Slide With Dollar as Treasuries Advance: Markets Wrap [Reuters] Oil prices slide after IEA casts doubt over demand outlook [Bloomberg] U.S. Core-Inflation Gauge Picks Up for First Time Since January [Bloomberg] Here’s [...]

November 14th, 2017|Daily Commentary|

Tuesday, November 14, 2017

[Bloomberg] U.S. Stocks, Greenback Decline as Euro Advances: Markets Wrap [Bloomberg] Wholesale Prices in U.S. Rose More Than Forecast in October [Bloomberg] Here’s Where the GOP Tax Plan Stands Right Now [Reuters] Risks ahead [...]

November 13th, 2017|Daily Commentary|

Monday, November 13, 2017

[Bloomberg] Stocks Drop as Bonds Gain; Sterling Under Pressure: Markets Wrap [Bloomberg] Emerging-Market Bonds See Biggest Yield Jump Since Trump Victory [Reuters] Bitcoin claws back over $1,000 after losing almost a third of value [...]

November 12th, 2017|Daily Commentary|

Sunday, November 12, 2017

[Bloomberg] Saudi Arabia Credit Risk Surges Most in Almost Two Years [Bloomberg] What the Saudi Arrests Mean for the Kingdom's Oil Policy [Bloomberg] U.K.'s May Pressured as Times Says 40 MPs Signal No Confidence [Bloomberg] [...]

November 12th, 2017|Daily Commentary|

Saturday, November 11, 2017

[Reuters] U.S. junk bond sector ends rough week on calmer note [NYT, Morgenson] After 20 Years of Financial Turmoil, a Columnist’s Last Shot [WSJ] Declines in Stocks, Junk Bonds Reveal Cracks in Global Rally [WSJ] [...]

November 11th, 2017|Daily Commentary|

Friday, November 10, 2017

  [Bloomberg] Stocks Extend Drop, Bonds Fall; Dollar Fluctuates: Markets Wrap [Bloomberg] Oil Set for Best Weekly Run in Year as Saudi Tumult Roils Market [Reuters] Dueling Republican tax plans advance in Congress [Bloomberg] [...]

November 9th, 2017|Daily Commentary|

Thursday, November 9, 2017

[Bloomberg] Stocks Drop as Miners Decline; Dollar Fluctuates: Markets Wrap [Bloomberg] What Analysts Say About Nikkei's Mid-Afternoon Drop: Roundup [Bloomberg] In 2017, Investors Can Either Buy Bubbles or Be Left Far Behind [Reuters] Tax-cut [...]

November 8th, 2017|Daily Commentary|

Wednesday, November 8, 2017

[Bloomberg] Stocks Slip on Banking Earnings; Dollar Declines: Markets Wrap [Reuters] A year in: U.S. stock market under Trump's shadow [Bloomberg] China Exports Hold Up as International Demand Remains Resilient [Bloomberg] U.S.-China Trade War [...]

November 7th, 2017|Daily Commentary|

Tuesday, November 7, 2017

[Bloomberg] Stocks Rise as Trump Talks Asia Trade; Bonds Gain: Markets Wrap [Bloomberg] Arab Stocks Sink Most in World as Rising Political Tension Bites [Bloomberg] Here’s Where the GOP Tax Bill Stands Right Now [...]

November 6th, 2017|Daily Commentary|

Monday, November 6, 2017

[Bloomberg] Stocks Mixed as Banks Retreat; Bonds, Oil Climb: Markets Wrap [Bloomberg] Oil Trades Near 2-Year High After Saudi Arabia Purges Officials [Bloomberg] Why the Next Four Days Will Be Crucial for the GOP [...]

November 5th, 2017|Daily Commentary|

Sunday, November 5, 2017

[CNBC] New York Fed President William Dudley set to announce retirement: Sources [Bloomberg] Catalan Leader Puigdemont Turns Himself In to Belgian Police [Bloomberg] Pound to Follow Politics as Scandal-Hit U.K. Renews Brexit Talks [Bloomberg] Billionaire [...]

November 5th, 2017|Daily Commentary|

Saturday, November 4, 2017

[Reuters] Ousted Catalan leader calls for united front for independence [Reuters] Unversed in debt details, Venezuelans desperate for any relief [Reuters] China's central bank chief urges Beijing to promote equity, cut debt, eliminate 'zombie' companies [...]

November 4th, 2017|Daily Commentary|

Friday, November 3, 2017

[Bloomberg] Dollar Falls, Treasuries Rise on Payrolls Report: Markets Wrap [Reuters] Oil near two-year highs as tightening market woos buyers [Bloomberg] U.S. Trade Deficit Widens as Import Gain Barely Exceeds Exports [Bloomberg] U.S. Adds [...]

November 2nd, 2017|Daily Commentary|

Thursday, November 2, 2017

[Bloomberg] Dollar Drops on Powell; Sterling Slumps After BOE: Markets Wrap [Bloomberg] Trump Taps Powell for Fed to Oversee Economy Fraught With Risks [Bloomberg] Powell, Once an Also-Ran, Set to Chair Trump’s Bank-Friendly Fed [...]

November 1st, 2017|Daily Commentary|

Wednesday, November 1, 2017

[Bloomberg] Stocks Gain as Metals Surge; Crude Extends Rally: Markets Wrap [Bloomberg] U.S. Oil Rises to 10-Month High as Stockpiles Seen Dropping [Bloomberg] U.S. Companies Add Most Workers in Seven Months, ADP Data Show [...]

October 31st, 2017|Daily Commentary|

Tuesday, October 31, 2017

[Bloomberg] Euro Drops as Inflation Slows; Stocks Extend Gains: Markets Wrap [Politico] Trump’s unusual chance to stack the Fed [Bloomberg] BOJ Keeps Stimulus Unchanged as It Trims Inflation Outlook [Bloomberg] China Factory PMI Falls [...]

October 30th, 2017|Daily Commentary|

Monday, October 30, 2017

[Bloomberg] U.S. Stocks Fall From Records as Dollar Weakens: Markets Wrap [Bloomberg] China Bond Selloff Spreads to Stocks as Deleveraging Risks Mount [Bloomberg] U.S. Consumer Spending Rises Most Since 2009 on Car Buying [Politico] [...]

October 29th, 2017|Daily Commentary|

Sunday, October 29, 2017

[Reuters] Hundreds of thousands march for unified Spain, poll shows depths of division [NYT] Spain Is a Collection of Glued Regions. Or Maybe Not So Glued. [NYT] Stuck in Place, U.S. Homeowners Hunker Down as Housing Supply Stays [...]

October 29th, 2017|Daily Commentary|

Saturday, October 28, 2017

[BBC] Catalan ex-leader Carles Puigdemont vows to resist takeover [Reuters] Kuroda looks favored to get second term as Bank of Japan chief: Nikkei [Reuters] Catalan police call for neutrality as Spain exerts control [Reuters] Mattis, [...]

October 28th, 2017|Daily Commentary|

Friday, October 27, 2017

[Bloomberg] Dollar Extends Gain on U.S. Tax Moves, Growth: Markets Wrap [Bloomberg] U.S. Growth at Above-Forecast 3% on Consumer, Business Spending [Bloomberg] Tax Plan Has Lobbyists Swarming, Lawmakers Asking What’s in It? [Bloomberg] It’s [...]

October 26th, 2017|Daily Commentary|

Thursday, October 26, 2017

[Bloomberg] U.S. Stocks Rise on Strong Earnings, Euro Falls: Markets Wrap [Bloomberg] ECB Slows Asset Purchases as Draghi Heads for Stimulus Exit [CNBC] Trump apparently is having a hard time making up his mind [...]

October 25th, 2017|Daily Commentary|

Wednesday, October 25, 2017

[Bloomberg] Stocks in Asia Stall; Aussie at Three-Month Low: Markets Wrap [Bloomberg] China Unveils New Leaders With No Clear Xi Successor in Sight [Bloomberg] World's Best Carry Trades Lose Appeal as Interest Rates in Focus [...]

October 24th, 2017|Daily Commentary|

Tuesday, October 24, 2017

[Bloomberg] U.S. Stocks Rise on Blue-Chip Earnings; Euro Gains: Markets Wrap [Reuters] Bond yields grind higher, Caterpillar smashes forecasts [Bloomberg] Why This Stock Bear Sees No Hope for Emerging Markets [Bloomberg] Xi's New Milestone [...]

October 23rd, 2017|Daily Commentary|

Monday, October 23, 2017

[Bloomberg] Euro Drops With Spain on Edge; Bonds and Oil Climb: Markets Wrap [Bloomberg] Catalan Separatists Plot Response to Spain’s Shock and Awe [Reuters] Catalonia warns of civil disobedience as Madrid readies direct rule [...]

October 22nd, 2017|Daily Commentary|

Sunday, October 22, 2017

[Reuters] Catalonia's leaders fight off direct rule from Madrid [Reuters] Stock market's future in Trump's hands as Federal Reserve chair pick looms [Reuters] Abe to push reform of Japan's pacifist constitution after ruling bloc election win [Reuters] Ramping [...]

October 21st, 2017|Daily Commentary|

Saturday, October 21, 2017

[Reuters] Trump expected to pressure China's Xi to rein in North Korea: officials [Reuters] Spain will sack Catalan government, call regional election [Bloomberg] Taylor Has Complex History to Overcome If Picked as Fed Chair [Bloomberg] Yellen Defends Legacy Amid [...]

October 21st, 2017|Daily Commentary|

Friday, October 20, 2017

[Bloomberg] Dollar, Stocks Get Lift From Tax Move; Bonds Fall: Markets Wrap [Bloomberg] Trump’s Tax Plan Takes a Big Step Forward, But What Comes Next Won’t Be Easy [Reuters] Senate passes budget blueprint key to Trump tax [...]

October 19th, 2017|Daily Commentary|

Thursday, October 19, 2017

[Bloomberg] Stocks Drop as Investor Jitters Return; Euro Gains: Markets Wrap [Bloomberg] Hong Kong Stocks Tumble the Most This Year [Bloomberg] Fewest Jobless Claims Since 1973 Show Firm U.S. Job Market [Bloomberg] Spain Unleashes Historic Power to End [...]

October 18th, 2017|Daily Commentary|

Sunday, October 15, 2017

[Bloomberg] Yellen Calls Inflation the 'Biggest Surprise' in the Economy [WSJ] Yellen Says Gradual Rate Increases Should Help Sustain Economy’s Growth [WSJ] Draghi Says ECB Should Be Patient, Persistent With Monetary Policy [WSJ] Why [...]

October 15th, 2017|Daily Commentary|

Saturday, October 14, 2017

[Bloomberg] China Credit Growth Exceeds Estimates Despite Debt Curb Vow [Reuters] Spain to take control of Catalonia if gets ambiguous reply on independence [Reuters] China confirms will amend party constitution, likely to include Xi's theories [...]

October 14th, 2017|Daily Commentary|

Friday, October 13, 2017

[Reuters] S&P, Nasdaq hit records on strong retail sales data [Bloomberg] U.S. Inflation Picks Up on Fuel Costs While Core Gauge Slows [Bloomberg] U.S. Retail Sales Rise Most Since 2015 on Storm-Related Lift [CNBC] [...]

October 12th, 2017|Daily Commentary|

Thursday, October 12, 2017

[Bloomberg] U.S. Stocks Slump, Dollar Gains as Crude Oil Drops: Markets Wrap [Reuters] U.S. producer prices increase as Harvey boosts gasoline prices [Reuters] New Fed chair could be set in next month: U.S. Treasury [...]

October 11th, 2017|Daily Commentary|

Wednesday, October 11, 2017

[Bloomberg] Stocks Gain, With Japan at Decade High; Euro Rise: Markets Wrap [Bloomberg] Spain Turns Screws on Catalonia With Threat of Direct Control [Bloomberg] ECB Wrangling on Stimulus Find Common Ground on Rates, Sources [...]

October 10th, 2017|Daily Commentary|

Tuesday, October 10, 2017

  [Bloomberg] U.S. Stocks Hit New Highs, Spanish Equities Drop: Markets Wrap [Bloomberg] Spain Readies Forces Able to Seize Catalan Leader Today [Bloomberg] Working-Class Americans Face Growing Debt Burdens, Moody's Says [CNBC] Market just [...]

October 9th, 2017|Daily Commentary|

Monday, October 9, 2017

[Bloomberg] U.S. Stocks Fluctuate Near Record as Dollar Slumps: Markets Wrap [Bloomberg] Turkish Markets Tumble After Erdogan’s Feud With U.S. Escalates [Bloomberg] Lira Plunge a Reminder That Fed Isn't Only Emerging Market Risk [Bloomberg] [...]

October 8th, 2017|Daily Commentary|

Sunday, October 8, 2017

[MarketWatch] Is this the melt-up in the stock market before Wall Street’s meltdown? [BBC] Catalan independence declaration 'will have no effect', says Rajoy [BBC] 'Only one thing will work' with N Korea, says President Trump [...]

October 8th, 2017|Daily Commentary|

Saturday, October 7, 2017

[Bloomberg] It's Market Mania for Assets All Around the World [Bloomberg] Kyle Bass Says ICO Investors Will Get Wiped Out in Crypto ‘Mania’ [Reuters] Spaniards take to streets as Catalonia independence tensions rise [Reuters] North [...]

October 7th, 2017|Daily Commentary|

Friday, October 6, 2017

[Bloomberg] U.S. Stocks, Bonds Slip as Dollar Gains on Jobs: Markets Wrap [Bloomberg] U.S. Payrolls Fall 33,000 on Storms; Jobless Rate at 4.2% [Bloomberg] Catalonia Is Squeezed by Spain's Establishment Closing Ranks [Bloomberg] U.S. [...]

October 5th, 2017|Daily Commentary|

Thursday, October 5, 2017

[Bloomberg] U.S. Stocks, Dollar Advance as Treasuries Decline: Markets Wrap [Reuters] Factbox: Who will Trump pick to lead the Federal Reserve? [Bloomberg] Trump’s Short List for Fed Chair Features These Hawks and Doves [Reuters] [...]

October 4th, 2017|Daily Commentary|

Wednesday, October 4, 2017

[Bloomberg] U.S. Stocks Mixed, Dollar Falls as Treasuries Rise: Markets Wrap [Bloomberg] Spanish Bonds, Stocks Fall Ahead of Statement by Catalan Leader [Bloomberg] Puerto Rico Bonds Plunge After Trump Suggests Debt May Need to [...]

October 3rd, 2017|Daily Commentary|

Tuesday, October 3, 2017

[Bloomberg] U.S. Stocks, Dollar Mixed as Tax Reform Hits Bump: Markets Wrap [Bloomberg] The GOP Tax Plan Is Already Hitting Speed Bumps [CNBC] Kevin Warsh would take a hammer to the Fed, but he wouldn't [...]

October 2nd, 2017|Daily Commentary|

Monday, October 2, 2017

[Bloomberg] U.S. Stocks, Dollar Advance as Spain Woes Hit Euro: Markets Wrap [Bloomberg] Fed Eyes Rates as Asset-Price Tool in Break With Hands-Off Past [Bloomberg] Cohn Says Repatriation Tax Rate Will Be in '10-Percent [...]

October 1st, 2017|Daily Commentary|

Sunday, October 1, 2017

[Bloomberg] The Latest on Catalonia's Independence Referendum [Reuters] Violence erupts as Catalans vote on split from Spain [CNBC] David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge

October 1st, 2017|Daily Commentary|

Saturday, September 30, 2017

[Bloomberg] Trump Ramps Up Fed Chair Search With Decision Due Within Weeks [Bloomberg] U.S. Government Talks Directly With North Korea, Tillerson Says [CNBC] Spanish police move in to stop banned Catalan independence referendum [Bloomberg] China's [...]

September 30th, 2017|Daily Commentary|

Friday, September 29, 2017

[Bloomberg] Dollar Pressured After Strong Week; Bonds Advance: Markets Wrap [Bloomberg] Oil's September Surge Propels Bull Market Run on Demand Optimism [Bloomberg] U.S. Consumer Spending Cools on Drop in Vehicle Purchases [Bloomberg] The Fate [...]

September 28th, 2017|Daily Commentary|

Thursday, September 28, 2017

[Bloomberg] Bond Rout Persists on Tax Plan, Rates; Euro Gains: Markets Wrap [Bloomberg] U.S. Second-Quarter Growth Revised Upward to 3.1% Annual Pace [CNBC] Trump advisor Gary Cohn says we can pay for the entire [...]

September 27th, 2017|Daily Commentary|

Wednesday, September 27, 2017

[Bloomberg] Dollar Gains on Yellen, U.S. Tax Plan; Bonds Slump: Markets Wrap [Bloomberg] Oil in Bull Market Nears $52 on Signs U.S. Stockpiles Declined [Bloomberg] Trump's Tax Overhaul Will Slash Rates for Companies, Individuals [...]

September 26th, 2017|Daily Commentary|

Tuesday, September 26, 2017

[Bloomberg] Euro Slide Deepens as Stocks Drift; Gold Retreats: Markets Wrap [Reuters] Oil near 26-month high as Turkey threatens to choke Kurdish exports [Reuters] Republican tax plan expected to include new 'pass-through' business rate [...]

September 25th, 2017|Daily Commentary|

Monday, September 25, 2017

[Bloomberg] Euro Drops as German Vote Sinks In; Gold Retreats: Markets Wrap [Bloomberg] Fed's Dudley Says He Sees Inflation Restraints Proving Temporary [Bloomberg] GOP Revises Obamacare Repeal Bill Likely Headed for Defeat [Bloomberg] Merkel’s [...]

September 24th, 2017|Daily Commentary|

Sunday, September 24, 2017

[Reuters] Trump cranks up North Korea threats as Pyongyang holds anti-U.S. rally [Bloomberg] Merkel Seeks Fourth Term as Germans Vote in Federal Election [CNBC] German election 2017: All you need to know about the vote [...]

September 24th, 2017|Daily Commentary|

Saturday, September 23, 2017

[Reuters] Merkel, Schulz urge undecided Germans to vote with far right gaining [Bloomberg] China Cities Tighten Home-Sale Rules to Tame Property Market [Reuters] Iran successfully tested new ballistic missile, state media reports

September 23rd, 2017|Daily Commentary|

Friday, September 22, 2017

[Bloomberg] Stocks Mixed as Havens Gain on Korea; Euro Rallies: Markets Wrap [Bloomberg] Canadian Inflation Accelerates to 1.4% on Gasoline [Bloomberg] Fed's Williams Says 2.5% Funds Rate About the `New Normal' [CNN] North Korea [...]

September 21st, 2017|Daily Commentary|

Thursday, September 21, 2017

[Bloomberg] U.S. Stocks Slip as Treasuries Rise With Dollar: Markets Wrap [Bloomberg] Three Bond Market Lessons From the Toys ‘R’ Us Debt Drama [Bloomberg] Home Prices Soar in Disaster-Prone Areas [Bloomberg] Japan's Central Bank [...]

September 20th, 2017|Daily Commentary|

Wednesday, September 20, 2017

[Bloomberg] Stocks Slip, Bonds Climb With Oil as Fed Nears: Markets Wrap [Bloomberg] Fed to Pack Up Crisis Tool, Debate Next Hike: Decision-Day Guide [CNBC] Fed is taking a major step away from its [...]

September 19th, 2017|Daily Commentary|

Tuesday, September 19, 2017

[Bloomberg] Stocks Mixed Ahead of Fed; Euro Gains, Oil Rises: Markets Wrap [SCMP] Yuan weakens sharply after PBOC sets fixing at two-week low; all eyes on Fed [Reuters] U.S. current account widens sharply in [...]

September 18th, 2017|Daily Commentary|

Monday, September 18, 2017

[Bloomberg] Stocks Climb as Fed Week Kicks Off; Gold Declines: Markets Wrap [Bloomberg] Forget Default: Deutsche Reckons Debt Market Risk Lies Elsewhere [Reuters] Skilled labor shortage clouds U.S. building industry outlook: survey [Reuters] In [...]

September 17th, 2017|Daily Commentary|

Sunday, September 17, 2017

[Reuters] Greek backtracking on reforms may prolong next review: ECB official [Reuters] Haley says U.N. has exhausted options on North Korea [WSJ] Trump’s Deal Rejection Puts U.S. Policy on Chinese Investment in Focus [FT] Investors [...]

September 17th, 2017|Daily Commentary|

Saturday, September 16, 2017

[Reuters] Fed meeting could trigger stock sector rotation [Reuters] Rising credit card delinquencies to add to U.S. banks' worries [Reuters] North Korea says seeking military 'equilibrium' with U.S.

September 16th, 2017|Daily Commentary|

Friday, September 15, 2017

[Bloomberg] Dollar Slips on Retail Sales Letdown; Pound Jumps: Markets Wrap [Bloomberg] U.S. Retail Sales Fall After Weaker Results in Prior Months [Bloomberg] U.S. Factory Output Declines as Harvey Hits Refining, Chemicals [Bloomberg] One-Time [...]

September 14th, 2017|Daily Commentary|

Thursday, September 14, 2017

[Bloomberg] Stocks Decline on North Korea as BOE Lifts Pound: Markets Wrap [Bloomberg] U.S. Inflation Picks Up, Ending Five-Month Streak of Misses [Bloomberg] Fed Officials Admit They’ve Lost Some Credibility on Inflation [Bloomberg] Bitcoin [...]

September 13th, 2017|Daily Commentary|

Wednesday, September 13, 2017

[Bloomberg] U.S. Equities Pull Back From Records as Oil Climbs: Markets Wrap [Bloomberg] Oil Climbs as IEA Sees Fastest Demand Growth in Two Years [Bloomberg] Wholesale Prices in U.S. Increase on Jump in Energy [...]

September 12th, 2017|Daily Commentary|

Tuesday, September 12, 2017

[Bloomberg] Stocks Rise as Dollar Edges Higher; Oil Climbs: Markets Wrap [Bloomberg] Trump Plans Aggressive Road Show to Sell Tax Overhaul [Politico] GOP lawmakers jittery over lack of tax reform details [Reuters] Lenders, investors [...]

September 11th, 2017|Daily Commentary|

Monday, September 11, 2017

[Bloomberg] Dollar Advances With Stocks as Irma Threat Recedes: Markets Wrap [Reuters] Dollar, global shares up in Asia on relief at North Korea inaction [Bloomberg] Trump Debt Limit Deal Undermines Trust Among GOP on [...]

September 10th, 2017|Daily Commentary|

Sunday, September 10, 2017

[Bloomberg] Hurricane Irma Makes Florida Landfall [CNBC] Hurricane Harvey probably shaved 1% from third-quarter growth, Goldman Sachs says [Reuters] NATO's Stoltenberg says North Korea's 'reckless behavior' requires global response

September 10th, 2017|Daily Commentary|

Saturday, September 9, 2017

[Bloomberg] China’s Factory, Consumer Inflation Pick Up, Exceeding Estimates [Bloomberg] China to Ban Sale of Fossil Fuel Cars in Electric Vehicle Push [Bloomberg] Worst Florida Damage From Irma Could Be From Storm Surge [FT] [...]

September 9th, 2017|Daily Commentary|

Friday, September 8, 2017

[Bloomberg] Dollar Tumbles as Yen, Euro Rally on Irma, ECB: Markets Wrap [Bloomberg] Hurricane Irma’s Chemical Fallout Could Be Worse than Harvey’s [Bloomberg] Irma Batters Reinsurance Mutual Fund as Hurricane Nears Florida [Reuters] Exclusive: ECB [...]

September 8th, 2017|Daily Commentary|

Thursday, September 7, 2017

[Bloomberg] Dollar Slides on U.S. Jobs; Euro Gains With Stocks: Markets Wrap [Reuters] ECB keeps door open to even more stimulus [Bloomberg] ECB Raises 2017 GDP Forecast to 2.2%, Fastest Since 2007 [Bloomberg] Fed [...]

September 6th, 2017|Daily Commentary|

Wednesday, September 6, 2017

[Bloomberg] Stocks Fall, Bonds Rally Amid Korea, Irma Threats: Markets Wrap [Reuters] Fed policymakers signal caution on inflation, rate hikes [Bloomberg] U.S. Trade Gap Widened by Less Than Forecast Ahead of Harvey [Reuters] Sanctions [...]

September 5th, 2017|Daily Commentary|

Tuesday, September 5, 2017

[Bloomberg] Dollar, S&P Slip Before Big Week for Central Banks: Markets Wrap [Bloomberg] September's Bringing Tons of Catalysts to Shatter Market Calm [Bloomberg] Trump and Moon Agree to Show Muscle After North Korea Nuke [...]

September 4th, 2017|Daily Commentary|

Monday, September 4, 2017

[Bloomberg] Stocks Decline as Korea Tensions Flare; Euro Gains: Markets Wrap [Bloomberg] Bitcoin Tumbles as PBOC Declares Initial Coin Offerings Illegal [Bloomberg] Mobius Foresees Cryptocurrency Crackdown Sparking a Rush to Gold [Bloomberg] China’s Oil [...]

September 3rd, 2017|Daily Commentary|

Sunday, September 3, 2017

[Bloomberg] S&P 500 Index Futures Decline Following North Korea Nuclear Test [Bloomberg] Yen Leads Haven Assets Higher as North Korea Tests Hydrogen Bomb [CNBC] Trump hints at stopping trade with countries that do business with [...]

September 3rd, 2017|Daily Commentary|

Saturday, September 2, 2017

[Bloomberg] Bond Market Braces for Debt-Limit Fight Entering Its Final Round [Bloomberg] America’s Manufacturers and Builders Are On a Tear [Reuters] Current euro level not a threat for European firms: Moscovici [WSJ] U.S. to Challenge [...]

September 2nd, 2017|Daily Commentary|

Friday, September 1, 2017

  [Bloomberg] Stocks Rise, Dollar Falls After Weak Jobs Number: Markets Wrap [Bloomberg] Payrolls in U.S. Rise 156,000; Wages Also Below Forecasts [Bloomberg] ECB May Not Have Final QE Plan Ready Until December [Bloomberg] [...]

August 31st, 2017|Daily Commentary|

Thursday, August 31, 2017

  [Bloomberg] Stocks Gain on Growth Outlook; Dollar Extends Run: Markets Wrap [Bloomberg] U.S. Consumer Spending, Incomes Signal Stable Second-Half Start [Bloomberg] Gold Is Winning New Fans [Reuters] Trump touts tax reform, overlooks White [...]

August 30th, 2017|Daily Commentary|

Wednesday, August 30, 2017

[Bloomberg] Dollar Rises, Treasuries Fall on Growth Optimism: Markets Wrap [Bloomberg] Gasoline Hits 2-Year High as Harvey Shuts Biggest U.S. Refinery [Bloomberg] U.S. Second-Quarter Growth Revised to 3% in Momentum Boost [Bloomberg] Companies in [...]

August 29th, 2017|Daily Commentary|

Tuesday, August 29, 2017

[Bloomberg] Stocks Drop, Gold Leads Haven Rally on Korea Fears: Markets Wrap [Bloomberg] Gold Jumps on Haven Demand as N. Korea Lobs Missile Across Japan [Reuters] Trump says 'all options on the table' after North [...]

August 28th, 2017|Daily Commentary|

Monday, August 28, 2017

[Bloomberg] Stocks Rise as Traders Weigh Harvey; Gold Climbs: Markets Wrap [Reuters] U.S. gasoline futures surge as Harvey swamps Texas, euro holds at 2-1/2-year high [Bloomberg] `Tragedy of Epic Proportions' Looms as Harvey Pounds [...]

August 27th, 2017|Daily Commentary|

Sunday, August 27, 2017

[Bloomberg] Harvey's Second Act Could Drive Up Economic Damage for Texas [WSJ] Hurricane Harvey Threatens Largest Flood Insurer: The Government [NYT, Morgenson] Shut Down the Government, and This Time, Investors Will Care [Reuters] Most French [...]

August 27th, 2017|Daily Commentary|

Friday, August 25, 2017

[Reuters] Asia stocks resilient, dollar up before Yellen, Draghi speeches [Bloomberg] Caution Rules Asian Markets as Central Banks Meet: Markets Wrap [Bloomberg] Watch These Top Headliners at the Fed's Jackson Hole Conference [CNBC] Fed Chair [...]

August 24th, 2017|Daily Commentary|

Thursday, August 24, 2017

[Bloomberg] U.S. Stocks Fluctuate With Jackson Hole Looming: Markets Wrap [CNBC] Fitch: US 'AAA' rating at risk if debt ceiling not raised [Bloomberg] Below-Forecast U.S. Jobless Claims Signal Tight Labor Market [Bloomberg] Fed's George Sees [...]

August 23rd, 2017|Daily Commentary|

Wednesday, August 23, 2017

[Bloomberg] Stocks, Dollar Slip as Trump Stokes Policy Concern: Markets Wrap [CNBC] Trump: I'm building the wall even 'if we have to close down our government' [Bloomberg] Economy Parties a Bit Like 1999 as [...]

August 22nd, 2017|Daily Commentary|

Tuesday, August 22, 2017

  [Bloomberg] Stocks Rebound in Thin Trading; Gold, Bonds Slide: Markets Wrap [Politico] Trump’s team and lawmakers making strides on tax reform plan [Reuters] Manhattan high-end condo prices rise with strong demand: report [Bloomberg [...]

August 21st, 2017|Daily Commentary|

Monday, August 21, 2017

[Bloomberg] Stocks Mixed as Focus Shifts to Central Bankers: Markets Wrap [Reuters] Metals shine but world stocks stuck near 5-1/2-week low [Bloomberg] Yellen, Draghi Head to Jackson Hole Amid Inflation Unease [Bloomberg] China Banks' [...]

August 20th, 2017|Daily Commentary|

Sunday, August 20, 2017

[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 [...]

August 20th, 2017|Daily Commentary|

Saturday, August 19, 2017

[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 [...]

August 20th, 2017|Daily Commentary|

Friday, August 18, 2017

[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 [...]

August 17th, 2017|Daily Commentary|

Thursday, August 17, 2017

[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] [...]

August 16th, 2017|Daily Commentary|

Wednesday, August 16, 2017

[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 [...]

August 15th, 2017|Daily Commentary|

Tuesday, August 15, 2017

[Bloomberg] Dollar Extends Gain After Retail Data; Bonds Drop: Markets Wrap [Bloomberg] Broad-Based Advance in U.S. Retail Sales Shows Solid Spending [Reuters] U.S. import prices rebound after two straight monthly declines [Bloomberg] ECB's QE [...]

August 14th, 2017|Daily Commentary|

Monday, August 14, 2017

[Bloomberg] Stocks Bounce and Havens Drop as Korea Fears Abate: Markets Wrap [Bloomberg] After a Summer Bond Binge, Signs of Angst Are Growing in the Market [Bloomberg] China's Economic Growth Dials Back [Reuters] US [...]

August 13th, 2017|Daily Commentary|

Sunday, August 13, 2017

[CNN] Guam, Japan prepare for possible North Korea missile launch [Reuters] Britain says Brexit talks should move to next phase, as ministers show unity [WSJ] Trump’s Easing of Postcrisis Wall Street Rules Gains Momentum

August 13th, 2017|Daily Commentary|

Saturday, August 12, 2017

[Bloomberg] Trump Is Ready to Turn Up the Heat on China Over IP Transfers [Bloomberg] China's Xi Seeks to Calm North Korea Tensions in Call With Trump [Politico] Trump's China trade crackdown coming Monday [Reuters] [...]

August 13th, 2017|Daily Commentary|

Friday, August 11, 2017

[Bloomberg] U.S. Stocks Stabilize, Dollar Slips on Price Data: Markets Wrap [Reuters] Global stocks, dollar extend slide as U.S., North Korea tensions intensify [Reuters] Trump: military solutions 'locked and loaded' against North Korea threat [...]

August 10th, 2017|Daily Commentary|

Thursday, August 10, 2017

[[Bloomberg] U.S. Stocks Slump, Volatility Spikes on Korea Spat: Markets Wrap [Bloomberg] Gold Beats U.S. Stocks as North Korea Worries Drive Haven Demand [Reuters] U.S. producer prices record biggest drop in 11 months [Bloomberg] [...]

August 9th, 2017|Daily Commentary|

Wednesday, August 9, 2017

[Reuters] Shares, dollar slip as U.S.-North Korea tensions escalate [Bloomberg] South Korea Stocks, Won Drop After Trump's `Fire, Fury' Warning [Reuters] Yen hits 8-week high vs dollar on latest bout of Korean tensions [Bloomberg] China [...]

August 8th, 2017|Daily Commentary|

Tuesday, August 8, 2017

[Bloomberg] Dollar Drops After Dovish Fed Comments; Gold Rises: Markets Wrap [CNBC] It's full-steam ahead on tax reform ... with no details [CNBC] Jeff Gundlach says 'highest-conviction trade' is a bet against the S&P [...]

August 7th, 2017|Daily Commentary|

Monday, August 7, 2017

[Bloomberg] Dollar Extends Gain After Jobs Data; Crude Drops: Markets Wrap   [Bloomberg] China's Foreign Reserves Rise for a Sixth Month [Bloomberg] Some Credit Investors Are Getting Ready for a Market Correction [Bloomberg] The [...]

August 6th, 2017|Daily Commentary|

Sunday, August 6, 2017

[Bloomberg] Biggest Qatar Bank Is Said Weighing Funding Option Amid GCC Spat [Reuters] UK ready to pay up to 40 billion euros to leave EU: Sunday Telegraph [Bloomberg] China Confident Sanctions Can Block North Korea [...]

August 6th, 2017|Daily Commentary|

Saturday, August 5, 2017

[MarketWatch] Beneath the glow of stock-market records, darkly bearish trends are lurking [CNBC] While big bills have failed, Wall Street sees opportunity in Trump's massive deregulation movement [Bloomberg] Beijing For Small-Scale Military Offensive Against India: [...]

August 6th, 2017|Daily Commentary|

Friday, August 4, 2017

[Bloomberg] Dollar Rises, Treasuries Slide on Strong Jobs Data: Markets Wrap [Bloomberg] Payroll Gain of 209,000, Wage Pickup Show U.S. Labor Strength [Bloomberg] The Jobs Numbers: Who’s Hiring in America—and Who’s Not [Reuters] U.S. [...]

August 3rd, 2017|Daily Commentary|

Thursday, August 3, 2017

[Bloomberg] U.S. Stocks Mixed Near Records, Pound Drops on BOE: Markets Wrap [Bloomberg] Decline in Jobless Claims Shows U.S. Labor Demand Remains Robust [Bloomberg] Carney Says Brexit to Take Toll on Growth as BOE [...]

August 3rd, 2017|Daily Commentary|

Wednesday, August 2, 2017

[Bloomberg] Dow Tops 22,000 as Apple Rallies; Euro Strengthens: Markets Wrap [Reuters] U.S. private sector adds 178,000 jobs in July: ADP [CNBC/NYT] Trump administration is said to prepare broad trade case against China [Bloomberg] [...]

August 1st, 2017|Daily Commentary|

Tuesday, August 1, 2017

[Bloomberg] Stocks Gain as Earnings, Data Boost Confidence: Markets Wrap [Bloomberg] Americans' Spending Barely Grew in June as Incomes Stagnated [Bloomberg] U.S. Auto Market Slump Persists [Reuters] China factory activity accelerates in July on [...]

July 31st, 2017|Daily Commentary|

Monday, July 31, 2017

[Bloomberg] Stocks Advance as Growth Optimism Boosts Metals: Markets Wrap [Bloomberg] Republicans Face Tough Choice: Repeal Obamacare or Cut Taxes [Bloomberg] Inflation Hits Low Bar Draghi Set as Stimulus Debate Gets Closer [Reuters] China [...]

July 30th, 2017|Daily Commentary|

Sunday, July 30, 2017

[CNBC] Trump expresses frustration with China over North Korea, hints at retaliation [Reuters] Real estate booms in China's small cities, but construction outpaces demand [Reuters] U.S. flies bombers over Korean peninsula after North Korea [...]

July 29th, 2017|Daily Commentary|

Saturday, July 29, 2017

[Reuters] ECB should think about when it wants to wind down bond buys: Lautenschlaeger [Reuters] Venezuela money supply surges 10 percent in one week, fastest in 25 years [WSJ] The Great Transatlantic Bond Divergence Unwind [...]

July 29th, 2017|Daily Commentary|

Friday, July 28, 2017

[Bloomberg] U.S. Stocks Fall, Dollar Weakens After Growth Data: Markets Wrap [Reuters] U.S. economic growth picks up in second quarter, wages continue to lag [Bloomberg] German Inflation Unexpectedly Steady as ECB Nears Exit Debate [Reuters] [...]

July 28th, 2017|Daily Commentary|

Thursday, July 27, 2017

[Bloomberg] Dollar Drops on Fed's Inflation; Asia Stocks Rise: Markets Wrap [Bloomberg] Bannon Is Said to Call for 44% Tax on Incomes Above $5 Million [WSJ] Investors May Feel Left Out of Fed’s Plans [FT] [...]

July 26th, 2017|Daily Commentary|

Wednesday, July 26, 2017

  [Bloomberg] Stocks Lifted by Earnings, Commodities; Bonds Gain: Markets Wrap [Bloomberg] Fed Balance Sheet Shifts Into Limelight Absent Rate Hike Urgency [Reuters] Fed expected to leave rates unchanged; balance sheet in focus [Reuters] [...]

July 25th, 2017|Daily Commentary|

Tuesday, July 25, 2017

[Bloomberg] Stocks Rally as Bonds Slip, Industrial Metals Gain: Markets Wrap [Bloomberg] Oil Extends Advance to $47 as Saudis Pledge Deep Export Cuts [Bloomberg] Government Shutdown Odds Grow With GOP Border Wall Funding Bill [...]

July 24th, 2017|Daily Commentary|

Monday, July 24, 2017

[Bloomberg] U.S. Stocks Fluctuate as Dollar Weakens, Oil Gains: Markets Wrap [Bloomberg] Oil Rises as Saudi Arabia Pledges Deep Cut to August Exports [Reuters] Federal Reserve now faces prospect of global monetary policy tightening [...]

July 23rd, 2017|Daily Commentary|

Sunday, July 23, 2017

[Reuters] Oil market rebalancing to speed up in second half: OPEC's Barkindo [Reuters] Japanese PM Abe's support slides again before parliament appearance [WSJ] Xi’s Sign-Off Deals Blow to China Inc.’s Global Spending Spree [FT] [...]

July 23rd, 2017|Daily Commentary|

Saturday, July 22, 2017

[Bloomberg] Japan Pictures Likely Show Melted Fukushima Fuel for First Time [NYT] In China, Silicon Valley Giants Confront New Walls [WSJ] U.S. Message to China: Hands Off Our Companies [Spiegel] Germany Debates Tougher Stance Against [...]

July 22nd, 2017|Daily Commentary|

July 21, 2017: New Age Mandate

A journalist’s question during Mario Draghi’s ECB post-meeting press conference: “…There was a sharp reaction from financial markets to your Sintra speech. You must have looked at the Fed experience [...]

July 21st, 2017|Weekly Commentary|

Friday, July 21, 2017

  [Bloomberg] Euro Advance Persists as Politics Sink Dollar: Markets Wrap [Bloomberg] China's Central Bank Pumps in Most Funds Since January [Reuters] ECB rate setters see decision on stimulus in October: sources [Bloomberg] RBA [...]

July 20th, 2017|Daily Commentary|

Thursday, July 20, 2017

[Bloomberg] Euro Climbs as Draghi Talks Up Growth; Gold Slips: Markets Wrap [Bloomberg] ECB Leaves Guidance Unchanged as Anticipation for Autumn Builds [Bloomberg] Draghi Says Officials ‘Aren't There Yet’ as ECB Keeps Stimulus [Bloomberg] [...]

July 19th, 2017|Daily Commentary|

Wednesday, July 19, 2017

[Bloomberg] Earnings Boost Stocks, Euro Retreats as ECB Meets: Markets Wrap [Bloomberg] U.S. Housing Starts at Four-Month High Give Boost at Quarter-End [Reuters] Senate Republicans reluctantly consider bipartisan healthcare talks [CNBC] Mortgage applications jump 6.3% [...]

July 18th, 2017|Daily Commentary|

Tuesday, July 18, 2017

  [Bloomberg] Dollar Drops With Stocks as U.S. Reform Hopes Fade: Markets Wrap [Bloomberg] Chinese Stocks Extend Steepest Retreat This Year; Sunac Plunges [CNBC] GOP gives up on replacing Obamacare now: McConnell and Trump [...]

July 17th, 2017|Daily Commentary|

Monday, July 17, 2017

[Bloomberg] Data in Driving Seat as Metals Rally, Stocks Climb: Markets Wrap [Bloomberg] Chinese Small-Caps Plunge to Lowest Level in Over Two Years [Reuters] Oil prices firm on signs of U.S. production slowdown [Bloomberg] [...]

July 16th, 2017|Daily Commentary|

Sunday, July 16, 2017

[AP] With passage already uncertain, Senate leadership postpones health care vote after McCain's surgery [Reuters] U.S.-China trade talks sputtering at 100-day deadline [Reuters] China central bank told by Xi to play bigger role in [...]

July 15th, 2017|Daily Commentary|

Saturday, July 15, 2017

[Reuters] U.S. deficits to jump $248 billion over next two years due to tax shortfall [Reuters] China central bank to play bigger role managing financial risk: state TV [CNBC] China closed-door policy meeting fuels speculation [...]

July 15th, 2017|Daily Commentary|

Friday, July 14, 2017

[Bloomberg] Bonds Gain, Stocks Steady as CPI Tests Fed Resolve: Markets Wrap [Reuters] US Consumer Price Index unchanged in June vs 0.2% increase expected [Bloomberg] Second Straight Drop in U.S. Retail Sales Shows Tepid [...]

July 13th, 2017|Daily Commentary|

Thursday, July 13, 2017

[Bloomberg] Relief Rally Spurs Stocks to Record; Dollar Falls: Markets Wrap [Reuters] ECB to announce winding down of bond purchases in September: WSJ [Reuters] US producer prices unexpectedly rise on services [Reuters] Feuding U.S. [...]

July 12th, 2017|Daily Commentary|

Wednesday, July 12, 2017

[Bloomberg] U.S. Stocks, Bonds Jump on Go-Slow Fed; Oil Climbs: Markets Wrap [Reuters] Oil rises above $48 as API reports drop in U.S. fuel stocks [CNBC] Yellen indicates that Fed may not need to [...]

July 11th, 2017|Daily Commentary|

Tuesday, July 11, 2017

[Bloomberg] Stocks Follow Crude Prices Lower as Dollar Climbs: Markets Wrap [Bloomberg] Oil Slides as Saudi Arabia Is Said to Produce Above Output Cap [Reuters] Trump to nominate Quarles to be Fed's top banking [...]

July 10th, 2017|Daily Commentary|

Monday, July 10, 2017

[Bloomberg] Stocks Buoyant Before Earnings; Oil, Gold Retreat: Markets Wrap [Reuters] Oil falls as evidence points to rising global supply [Bloomberg] Trading Halts, Confusion From India to Indonesia on Manic Monday [Bloomberg] Deutsche Sees [...]

July 9th, 2017|Daily Commentary|

Sunday, July 9, 2017

[Reuters] Hong Kong's mortgage lenders doing booming business in the shadows [Barron's] Man vs. Machine: How Has Indexing Changed the Market? [The Hill] GOP pessimism rising on ObamaCare repeal [FT] Federal Reserve hits back [...]

July 9th, 2017|Daily Commentary|

Saturday, July 8, 2017

[Bloomberg] U.S. Squeezes Steel Concessions From G-20 After Tariff Threat [Reuters] G20 communique agreed apart from climate issue: EU officials [Bloomberg] ECB's Villeroy Sees Autumn as the Season to Adapt Stimulus Plan [Bloomberg] ECB Officials [...]

July 8th, 2017|Daily Commentary|

Friday, July 7, 2017

  [Bloomberg] U.S. Stocks, Dollar Rise as Jobs Data Top Estimate: Markets Wrap [Bloomberg] U.S. Hiring Accelerates While Wage Growth Stays Flat [Reuters] Bank of Japan offers to buy unlimited amount of bonds to [...]

July 6th, 2017|Daily Commentary|

Thursday, July 6, 2017

[Bloomberg] U.S. Stocks Retreat as Sovereign Bond Drop Deepens: Markets Wrap [Bloomberg] Surge in German Bond Yields Triggers Fresh Rout in Global Debt [Bloomberg] ECB Discussed Removing Easing Bias on Bond-Buying Program [Bloomberg] The Flashpoints [...]

July 5th, 2017|Daily Commentary|

Wednesday, July 5, 2017

  [Bloomberg] Haven Gains Ebb as Traders Await Fed, ECB Minutes: Markets Wrap [Reuters] Italian bond yields edge higher as ECB bias, bank rescue cloud picture [Bloomberg] Rand Slumps as ANC Said to Weigh [...]

July 4th, 2017|Daily Commentary|

Tuesday, July 4, 2017

[Bloomberg] Havens Advance as Missile Test Rattles Traders: Markets Wrap [Bloomberg] States Mired in Budget Paralysis Defy Eight-Year Recovery [MarketWatch] Car buyers stretch loan payments to record lengths to get in pricier vehicles [Reuters] [...]

July 3rd, 2017|Daily Commentary|

Monday, July 3, 2017

[Bloomberg] European Stocks Bounce as Oil Rises, Dollar Gains: Markets Wrap [Reuters] Illinois House passes $5 billion tax package [Reuters] Tough questions still to tackle before G20 summit, Germany says [Bloomberg] Euro-Area Manufacturing Accelerates [...]

July 2nd, 2017|Daily Commentary|

Sunday, July 2, 2017

[Bloomberg] Qatar Defiance Fuels Stock Declines as Neighbors' Deadline Looms [Reuters] May could walk out of Brexit talks over exit bill: Telegraph [Reuters] Japan PM's party suffers historic defeat in Tokyo poll, popular governor [...]

July 1st, 2017|Daily Commentary|

Saturday, July 1, 2017

[Reuters] ECB working on move away from ultra-easy policy: Weidmann [Bloomberg] Here's One Record Illinois Doesn't Want to Attain: QuickTake Q&A [CNBC] Citi’s Shafir thinks a 'secular downturn' is at hand, so don't bet on [...]

July 1st, 2017|Daily Commentary|

Friday, June 30, 2017

[Bloomberg] Technology Shares Lead Stock Rebound; Oil Gains: Markets Wrap [Bloomberg] Tepid U.S. Consumer Spending Keeps Economic Rebound On Track [CNBC] Trump reportedly 'hell-bent' on imposing steel tariff despite objections from most advisors [Reuters] [...]

June 29th, 2017|Daily Commentary|

Thursday, June 29, 2017

[Bloomberg] Euro, Pound Climb as Traders Adjust Rates Outlook: Markets Wrap [Reuters] End of easy money? Surging euro, bond yields say yes [Bloomberg] Investors Scramble to Keep Pace With New Market Outlook [Reuters] Fed [...]

June 28th, 2017|Daily Commentary|

Wednesday, June 28, 2017

[Bloomberg] U.S. Stocks Rebound, Euro Flat After ECB Comments: Markets Wrap [Reuters] ECB chief was overinterpreted by skittish markets: sources [Reuters] Euro, bond yields drive higher on ECB scale-back bets [Bloomberg] Draghi's Reflation Talk Sparks [...]

June 27th, 2017|Daily Commentary|

Tuesday, June 27, 2017

[Bloomberg] U.S. Stocks, Dollar Fall as Treasuries Strengthen: Markets Wrap [Reuters] Stocks, dollar ease as central bank officials take center stage [Reuters] Euro surges nearly one percent after Draghi comments, dollar slips [Bloomberg] Draghi Sees [...]

June 27th, 2017|Daily Commentary|

Monday, June 26, 2017

[Bloomberg] Treasuries Erase Loss, Dollar Slips on Orders Data: Markets Wrap [Bloomberg] Gold Plunges as 1.8 Million Ounces Traded in a New York Minute [Reuters] UK PM May strikes $1.3 billion deal to get [...]

June 25th, 2017|Daily Commentary|

Sunday, June 25, 2017

[Bloomberg] Italy Rushes to Approve Decree Law to Keep Two Veneto Banks Open [Reuters] Time may be nearing for ECB stimulus exit: Weidmann [Reuters] Push on with the 'great unwinding', BIS tells central banks [CNBC] [...]

June 25th, 2017|Daily Commentary|

Saturday, June 24, 2017

[AP] Italian PM 'guarantees' savers' accounts in 2 troubled banks [Bloomberg] Italy to Shield Senior Creditors in Liquidating Veneto Banks [CNBC] Qatar says demands made by four Arab states not 'realistic' [FT] Contenders vie to [...]

June 24th, 2017|Daily Commentary|

Friday, June 23, 2017

[Bloomberg] Stocks Struggle as Oil Heads for Fifth Weekly Loss: Markets Wrap [CNBC] GOP leaders have a tough task ahead to win enough support for Obamacare replacement [Bloomberg] Senate Holdouts Seek Upper Hand in [...]

June 22nd, 2017|Daily Commentary|

Thursday, June 22, 2017

[Bloomberg] U.S. Stocks Mixed as Oil Stabilizes, Dollar Slips: Markets Wrap [Bloomberg] Yellen's Future at Fed Resisted by Trump Aides Wanting New Blood [Reuters] Bond market flashing worry on economy, countering Fed view [Bloomberg] May [...]

June 21st, 2017|Daily Commentary|

Wednesday, June 21, 2017

[Bloomberg] Stocks Decline as Crude Struggles; Pound Advances: Markets Wrap [Bloomberg] Oil Extends Drop Into Bear Market as Supply Remains Plentiful [Bloomberg] BOE’s Haldane Sees Case for Raising Interest Rates This Year [Reuters] After [...]

June 20th, 2017|Daily Commentary|

Tuesday, June 20, 2017

[Bloomberg] Oil, Copper Declines Weigh on Stocks; Pound Slumps: Markets Wrap [Bloomberg] Oil Drops to Seven-Month Low as Libya Adds to Persistent Surplus [Reuters] U.S. current account deficit widens to 2.5 percent of GDP [...]

June 19th, 2017|Daily Commentary|

Monday, June 19, 2017

[Bloomberg] U.S. Tech Stocks Jump; Dollar Gains, Bonds Decline: Markets Wrap [Reuters] Tight U.S. labor market should push inflation higher: Fed's Dudley [CNBC/NYT] Whole Foods Deal Shows Amazon’s Prodigious Tolerance for Risk [Bloomberg] Brexit [...]

June 18th, 2017|Daily Commentary|

Sunday, June 18, 2017

[Reuters] Macron wins strong parliamentary majority, estimates show [Bloomberg] Macron sets sights on huge parliamentary majority, voter turnout low [Reuters] Minsheng chairman says loans to China's Anbang total only $100 mln -Caixin [Bloomberg] Iran's Revolutionary [...]

June 18th, 2017|Daily Commentary|

Saturday, June 17, 2017

[Bloomberg] May Is Living Brexit Nightmare She Warned Of [Spiegel] Brexit Talks Set to Begin amid Chaos in London [CNBC] Negative-yielding government debt 'supernova' jumps to $9.5 trillion [FT] A deal too far for China’s [...]

June 17th, 2017|Daily Commentary|

Friday, June 16, 2017

[Bloomberg] Shares End Week Stronger as Havens Yen, Bonds Fade: Markets Wrap [Bloomberg] Drop in U.S. Housing Starts Shows Industry May Weigh on Growth [Reuters] BOJ upgrades view on consumption, rules out early exit [...]

June 15th, 2017|Daily Commentary|

Wednesday, June 14, 2017

[Bloomberg] Treasuries Rise, Dollar Dips as Economic Data Miss: Markets Wrap [Reuters] Dollar on tenterhooks as investors await Fed policy clues [Bloomberg] Slowdown in U.S. Consumer Inflation May Sow Fed Doubt on Prices [Bloomberg] [...]

June 13th, 2017|Daily Commentary|

Tuesday, June 13, 2017

[Bloomberg] U.S. Stocks Rebound, Dollar Weakens as Fed Looms: Markets Wrap [Reuters] U.S. Treasury unveils financial reforms, critics attack [Reuters] Fed set to raise interest rates, give more detail on balance sheet winddown [Reuters] [...]

June 12th, 2017|Daily Commentary|

Monday, June 12, 2017

[Bloomberg] Tech Selloff Spreads; Pound Slides as May Battles: Markets Wrap [Reuters] Tech sell-off spreads to Europe and Asia, politics lift euro [Reuters] Eyes on central banks after sterling shocker [Reuters] Britain's PM May [...]

June 11th, 2017|Daily Commentary|

Sunday, June 11, 2017

[Bloomberg] Qatar Banks Can Survive Gulf, Foreign Funds Withdrawal, S&P Says [Reuters] Dollar shortages hit Qatar exchange houses as foreign banks scale back ties [Bloomberg] Puerto Rico Warns It May Grab Sales-Taxes Claimed by [...]

June 10th, 2017|Daily Commentary|

Saturday, June 10, 2017

[Reuters] British PM fights for survival ahead of Brexit talks [BBC] Theresa May's Top Two Aids Quit [CNBC] The five biggest tech stocks lost nearly $100 billion in value on Friday [Reuters] Italy's Renzi sees [...]

June 10th, 2017|Daily Commentary|

Friday, June 9, 2017

[Bloomberg] Pound Drops on U.K. Vote; Global Impact Limited: Markets Wrap [Reuters] Britain's pound dives after UK election shock, lifting main FTSE shares [Reuters] May to form fragile government after UK election debacle, uncertainty [...]

June 8th, 2017|Daily Commentary|

Thursday, June 8, 2017

[Bloomberg] ECB Saps Euro Strength as Vote Unnerves U.K.: Markets Wrap [Bloomberg] ECB Drops Guidance on Rate Cuts in Step Toward Stimulus Exit [Reuters] ECB keeps money taps open but drops reference to rate [...]

June 7th, 2017|Daily Commentary|

Wednesday, June 7, 2017

[Bloomberg] U.S. Stocks Rise With Dollar, Treasuries Slump: Markets Wrap [Investing.com] Euro Drops Sharply As ECB Said To Cut Inflation Outlook [Reuters] ECB triggers overnight Santander rescue of Spain's Banco Popular [Bloomberg] ECB Said [...]

June 6th, 2017|Daily Commentary|

Client confidential with audio

Client Weekly Links (or text?) [Bloomberg] Bonds Climb as Oil Plunge Damps Inflation Jitters; Ruble Slumps [Bloomberg] One Measure of Risk Just Hit Its Highest Level in Four Months [Bloomberg] Italy’s Bonds Slump as Polls Show Nation [...]

June 6th, 2017|Client Confidential|

Tuesday, June 6, 2017

[Bloomberg] Havens Rally as Risk Events Stack Up; Oil Swings: Markets Wrap [Reuters] Dollar hits seven-month low, stocks, oil retreat as caution reigns [Reuters] Qatari riyal under pressure as Saudi, UAE banks delay Qatar [...]

June 5th, 2017|Daily Commentary|

Monday, June 5, 2017

[Bloomberg] U.S. Stocks Slip From Records as Oil, Dollar Slump: Markets Wrap [Bloomberg] Qatari Markets Rocked as Four Arab Nations Cut Diplomatic Ties [Reuters] China services sector expands at fastest pace in four months [...]

June 4th, 2017|Daily Commentary|

Sunday, June 4, 2017

[Bloomberg] London Attacks Send Pound Down as Yen Holds Gains: Markets Wrap [Bloomberg] In shadow of deadly attacks, British election campaign resumes [FT] Fresh doubt raised over Fed rate rise [FT] World Bank warns on [...]

June 4th, 2017|Daily Commentary|

Saturday, June 3, 2017

[Reuters] Close aide to Brazil's leader Temer arrested in corruption inquiry [Reuters] Banco Popular head tells staff to stay calm, source says ECB meet planned [Reuters] As large cap gets larger, can the tech rally [...]

June 3rd, 2017|Daily Commentary|

Friday, June 2, 2017

[Reuters] Slow U.S. jobs growth takes shine off dollar, stocks hold all-time highs [Reuters] Oil slides as U.S. climate withdrawal compounds glut concerns [Bloomberg] Slower Hiring, Lower Unemployment Offer Mixed U.S. Labor Signs [Bloomberg] [...]

June 1st, 2017|Daily Commentary|

Thursday, June 1, 2017

[Bloomberg] Stocks in Upbeat Mood as Oil Steadies, Havens Slip: Markets Wrap [CNBC] Private payrolls add 253K in May vs. 185K est.: ADP [Bloomberg] China's Caixin PMI Falls Below 50 for First Time Since [...]

May 31st, 2017|Daily Commentary|

Wednesday, May 31, 2017

[Bloomberg] Stocks Gain as Data Back ECB Stimulus; Oil Slumps: Markets Wrap [Bloomberg] Euro-Area Inflation Slows More Than Forecast Before ECB Meeting [Bloomberg] China Manufacturing Gauge Exceeds Estimates as Growth Holds Up [Bloomberg] Japan's [...]

May 30th, 2017|Daily Commentary|

Tuesday, May 30, 2017

[Bloomberg] U.S. Stocks Slip From Records as Commodities Slump: Markets Wrap [Bloomberg] U.S. Consumer Spending Signals Second-Quarter Rebound On Track [CNBC] US home prices climb 5.8 percent in March: S&P CoreLogic Case-Shiller [Bloomberg] Rise [...]

May 29th, 2017|Daily Commentary|

Monday, May 29, 2017

[Bloomberg] Stocks Meander, Pound Rises in Holiday-Hit Trading: Markets Wrap [Bloomberg] Draghi Says Euro Area Still Needs Extraordinary ECB Support [Reuters] Italian bank worries leak into second week [Bloomberg] Fed's Williams Sees Gradual Policy [...]

May 28th, 2017|Daily Commentary|

Saturday, May 27, 2017

[Reuters] G7 leaders make progress on trade, remain split on climate change [Bloomberg] Trump Takes Own Path as G-7 Fails to Reach Unity on Climate [CNBC] Debt ceiling could be hit late this summer: Sources [...]

May 27th, 2017|Daily Commentary|

Friday, May 26, 2017

[Bloomberg] U.S. Stock Rally Falters, Dollar Gains as Oil Dips: Markets Wrap [Bloomberg] U.S. Growth Not So Bad After Revisions to Spending, Investment [Reuters] U.S. home prices to rise at a strong pace on [...]

May 25th, 2017|Daily Commentary|

Thursday, May 25, 2017

[Reuters] World stocks hit record, oil falls on OPEC cuts deal [Bloomberg] All Eyes on Vienna as Oil Drops; Growth Hits Pound: Markets Wrap [Bloomberg] Crude Oil Weakens as OPEC Disappoints With `Safe Bet' Extension [...]

May 25th, 2017|Daily Commentary|

Wednesday, May 24, 2017

  [Bloomberg] Stocks, Currencies Hit Pause on Wait for Fed Clues: Markets Wrap [Bloomberg] China Handed First Moody's Downgrade Since 1989 on Debt Risk [Bloomberg] Draghi’s Lieutenants Spar as ECB Braces for Exit Strategy [...]

May 23rd, 2017|Daily Commentary|

Tuesday, May 23, 2017

[Bloomberg] European Stocks Gain on Solid Data; Crude Retreats: Markets Wrap [Bloomberg] OPEC on Verge of 9-Month Cuts Extension After Iraq Backing [Bloomberg] Trump Seeks $3.6 Trillion in Cuts to Reshape U.S. Government [Politico] [...]

May 22nd, 2017|Daily Commentary|

Monday, May 22, 2017

[Bloomberg] Output Bets Spur Oil; Euro Rises on Merkel Comment: Markets Wrap [Bloomberg] Euro Rebounds to Six-Month High on Merkel While Dollar Steadies [Bloomberg] Trump to Propose Deep Cuts to Anti-Poverty Programs and Medicai [Bloomberg] [...]

May 22nd, 2017|Daily Commentary|

Sunday, May 21, 2017

[Bloomberg] Asian Stocks May Rise, Oil Extends Gains Above $50: Markets Wrap [Reuters] U.S. and Pacific Rim countries at odds in heated trade meeting [Bloomberg] Ghost of the 1997 Crisis Stalks Hong Kong's Economy [Bloomberg] [...]

May 22nd, 2017|Daily Commentary|

Saturday, May 20, 2017

[Bloomberg] Iran's Rouhani Sweeps to Second Term, Beating Hardline Rival [Reuters] The European Central Bank will need to "show backbone" when inflationary pressure rises in the eurozone although [Reuters] Under fire at home, Trump in [...]

May 20th, 2017|Daily Commentary|

Friday, May 19, 2017

[Bloomberg] Stocks Steady After Volatile Week; Crude Rises: Markets Wrap [Bloomberg] China Is Using the Yuan to Combat Risk of a Market Meltdown [Bloomberg] Chaos Takes Hold in Brazil as Markets Sink, Temer Vows [...]

May 18th, 2017|Daily Commentary|

Thursday, May 18, 2017

[Bloomberg] Global Stocks Plunge After U.S. Rout as Bonds Gain: Markets Wrap [Bloomberg] Brazil Markets Sink, Triggering Circuit Breaker on Fresh Crisis [Bloomberg] China's Leverage Campaign Is Turning Bond Market Upside Down [Bloomberg] Falling [...]

May 17th, 2017|Daily Commentary|

Wednesday, May 17 2017

[Reuters] U.S. stock futures, dollar fall on rising concerns over Trump [Bloomberg] Dollar Troubles Persist as Yen Gains Amid U.S. Political Turmoil [Bloomberg] Here's How Markets Are Reacting to News of the Trump-Comey Memo [...]

May 16th, 2017|Daily Commentary|

Tuesday, May 16, 2017

[Bloomberg] Dollar Falls as Traders Weigh Homes Data, Trump: Markets Wrap [Bloomberg] Ford Plans to Cut About 10% of Global Staff: WSJ [Reuters] U.S. housing starts unexpectedly fall for second straight month [Reuters] China seen [...]

May 16th, 2017|Daily Commentary|

Monday, May 15, 2017

[Bloomberg] Oil Jumps With Commodity Currencies on Output Deal: Markets Wrap [Bloomberg] China Shares Gain on Spending Program; Crude Jumps: Markets Wrap [Bloomberg] Trump Doctrine Confounds G-7 as Ministers Kick Can to Sicily [Bloomberg] [...]

May 14th, 2017|Daily Commentary|

Sunday, May 14, 2017

[Bloomberg] Unprecedented Global Cyber-Attack Poised to Spread [Reuters] France's Macron takes power, vows to overcome division [NYT] Real Estate’s New Normal: Homeowners Staying Put [WSJ] How Big Are Mutual Funds’ Puerto Rico Losses? $5.4 Billion [...]

May 14th, 2017|Daily Commentary|

Saturday, May 13, 2017

[Reuters] Treasury's Mnuchin says U.S. reserves right to be protectionist [Bloomberg] America First Divides G-7 Even as Ministers Warm to Mnuchin [Reuters] Euro zone recovery, Macron win give ECB chance to consider unwinding policy [Reuters] [...]

May 14th, 2017|Daily Commentary|

Friday, May 12, 2017

[Bloomberg] Dollar, Stocks Slip as Treasuries Rise Amid Data: Markets Wrap [Bloomberg] U.S. Reaches Deal to Allow Exports of Natural Gas, Beef to China [Bloomberg] Rebound in U.S. Consumer Prices Shows Inflation Stabilizing [Bloomberg] Gain [...]

May 12th, 2017|Daily Commentary|

Thursday, May 11, 2017

[Bloomberg] U.S. Stocks Fall as Oil Leads Commodities Rebound: Markets Wrap [Bloomberg] Rebound in U.S. Wholesale Prices Signals Inflation Pressures [Bloomberg] Jobless-Benefit Rolls at 28-Year Low Show U.S. Labor Tightness [Bloomberg] Dudley Says Fed [...]

May 10th, 2017|Daily Commentary|

Wednesday, May 10, 2017

[Bloomberg] U.S. Stocks Unperturbed by Comey, Dollar Slips: Markets Wrap [Bloomberg] Comey Ouster Threatens to Backfire on Troubled White House [Bloomberg] China Bond Yield Jumps by Most in Three Months as Rout Deepens [Bloomberg] [...]

May 9th, 2017|Daily Commentary|

Tuesday, May 9, 2017

  [Bloomberg] Dollar Advance Saps Commodity Gain; Stocks Rise: Markets Wrap [Bloomberg] Iron Ore Sags Again as Forced-Sale Speculation Gathers Momentum [Reuters] Oil steadies but rattled by concern about OPEC's clout [Bloomberg] China's Deleveraging [...]

May 8th, 2017|Daily Commentary|

Monday, May 8, 2017

[Bloomberg] U.S. Stocks Mixed, Dollar Gains After French Vote: Markets Wrap [Reuters] French vote quashes euro political risk trade [CNBC] Macron is France's next president — here’s what happens next [Bloomberg] What Analysts Are [...]

May 7th, 2017|Daily Commentary|

Sunday, May 7, 2017

[Reuters] Macron is opinion polls favorite as France elects new president Sunday [Bloomberg] China Reserves Rise a Third Month Amid Tighter Capital Controls [Bloomberg] Fed's Williams Stands by Hike Outlook as Unemployment Drops [WSJ] Labor [...]

May 6th, 2017|Daily Commentary|

Saturday, May 6, 2017

[Reuters] Kuroda says BOJ facing 'challenging' situation amid low inflation [NYT] Regulator in China Takes Aim at Anbang Insurance Group [NYT] Puerto Rico: A Debt Problem That Kept Boiling Over [WSJ] Senate Tackles Rewrite on [...]

May 6th, 2017|Daily Commentary|

Friday, May 5, 2017

[Bloomberg] U.S. Stocks Fluctuate With Treasuries on Jobs Data: Markets Wrap [Reuters] Oil spill leaves commodities spinning, safe-havens shine [Bloomberg] Payrolls in U.S. Rise by 211,000; Jobless Rate Falls to 4.4% [Bloomberg] Chinese Shares Tumble [...]

May 4th, 2017|Daily Commentary|

Thursday, May 4, 2017

[Bloomberg] U.S. Stocks Fluctuate as Oil, Treasuries Retreat: Markets Wrap [Reuters] Macron, earnings hopes send European shares to 20-month high [Bloomberg] China Stock Slump Deepens as Regulatory Crackdown Spooks Traders [Reuters] Oil prices fall [...]

May 4th, 2017|Daily Commentary|

Wednesday, May 3, 2017

Bloomberg] Stocks Sag on Apple Miss; Dollar Climbs Before Fed: Markets Wrap [Bloomberg] ADP Says Companies in U.S. Boosted Payrolls by 177,000 in April [Bloomberg] Big Summer Shutdowns Loom for U.S. Auto Plants as [...]

May 2nd, 2017|Daily Commentary|

Tuesday, May 2, 2017

[Bloomberg] Global Stocks Climb Amid Earnings as Yen Weakens: Markets Wrap [Reuters] Budget deal may map U.S. Congress road ahead, via Trump bypass [Bloomberg] Euro-Area Manufacturing Expands at Fastest Pace in Six Years [Reuters] [...]

May 1st, 2017|Daily Commentary|

Monday, May 1, 2017

[Bloomberg] Yen Weakens, Stocks Climb on U.S. Congress Deal: Markets Wrap [Bloomberg] Consumer Spending in U.S. Stalls in March [Bloomberg] Congress Inks Spending Deal That Jettisons Trump Priorities [Reuters] U.S. congressional talks yield deal [...]

April 30th, 2017|Daily Commentary|

Sunday, April 30, 2017

[Reuters] China April manufacturing growth slows faster than expected [Bloomberg] EU Throws Down Brexit Gauntlet to U.K. as Talks Edge Closer [Bloomberg] Turkey Threatens Further Strikes on U.S.-allied Syrian Kurds [FT] EU calls Theresa May’s [...]

April 30th, 2017|Daily Commentary|

Saturday, April 29, 2017

[The Hill] Five unanswered questions about Trump's tax plan [Bloomberg] Le Pen Has Potential Prime Minister, No Rush on Euro Exit [Bloomberg] EU Leaders Agree United Front Ahead of Brexit Talks [Reuters] Trump to Order [...]

April 29th, 2017|Daily Commentary|

Friday, April 28, 2017

[Bloomberg] Stocks Trim Monthly Gain Before GDP; Oil Climbs: Markets Wrap [Reuters] Oil rebounds from one-month low on hopes for output cut extension [Bloomberg] U.S. Economy Expands at Slowest Pace in Three Years [Bloomberg] [...]

April 27th, 2017|Daily Commentary|

Thursday, April 27, 2017

  [Bloomberg] U.S. Stocks Mixed, Euro Falls on ECB; Crude Slips: Markets Wrap [Bloomberg] Reprieve for Peso and Loonie After Trump's About-Face on Nafta [Bloomberg] ECB Keeps Policy Settings Unchanged Awaiting Political Clarity [Bloomberg] [...]

April 26th, 2017|Daily Commentary|

Wednesday, April 26, 2017

  [Bloomberg] Dollar Rises as Stocks Fluctuate Before Tax Reveal: Markets Wrap [CNBC] Treasury's Mnuchin: Trump wants 15 percent corporate rate in 'biggest tax cut' in US history [Bloomberg] Trump’s 15% Corporate Tax Plan [...]

April 25th, 2017|Daily Commentary|

Tuesday, April 25, 2017

[Bloomberg] Earnings Lift U.S. Stocks, Trade Jolts Currencies: Markets Wrap [Bloomberg] Trump’s 15% Corporate Tax Push Sets Stage for Clash With Ryan [Bloomberg] Trump Slaps Duty on Canada Lumber, Intensifying Trade Fight [Bloomberg] The [...]

April 24th, 2017|Daily Commentary|

Monday, April 24, 2017

[Bloomberg] Risk Back On as French Vote Ripples Across Markets: Markets Wrap [Reuters] French election relief sends Europe soaring [Bloomberg] China Stocks Sink Most in Four Months Amid Leverage Crackdown [Bloomberg] China Cools Growth [...]

April 23rd, 2017|Daily Commentary|

Sunday, April 23, 2017

[France 24] France votes in hotly contested presidential race amid tight security [Reuters] French presidential poll a bellwether for Europe [BBC] French Vote Live Coverage [Bloomberg] Draghi Seen Choosing Faster QE Exit If French Hurdle [...]

April 23rd, 2017|Daily Commentary|

Saturday, April 22, 2017

[Bloomberg] French Overseas Territories Begin Presidential Voting [Reuters] Wall Street gears up for busiest earnings week in years [Reuters] Trump orders review of financial rules to prevent future crises [NYT] Trump Vows to Unveil Tax-Cut [...]

April 22nd, 2017|Daily Commentary|

Friday, April 21, 2017

[Bloomberg] Bonds Rise as Stocks Languish Before French Vote: Markets Wrap [Bloomberg] China Stocks Head for 2017's Worst Week Amid Crackdown Concerns [Bloomberg] Ignore China's Credit Risks at Your Peril, Says Top Bond Manager [...]

April 20th, 2017|Daily Commentary|

Thursday, April 20, 2017

[Bloomberg] U.S. Stocks Rise as Treasuries, Dollar Retreat: Markets Wrap [Bloomberg] Jobless Claims in U.S. Rise While Benefit Rolls at 17-Year Low [Reuters] Chasing pair Fillon, Melenchon level as French election nears [CNBC] Republicans [...]

April 19th, 2017|Daily Commentary|

Wednesday, April 19, 2017

  [Bloomberg] Stocks Advance With Dollar as Haven Demand Eases: Markets Wrap [Reuters] Macron clings on to lead in tense French election race [Bloomberg] Melenchon Softens Attacks on Euro as French Race Tightens [Bloomberg] [...]

April 18th, 2017|Daily Commentary|

Tuesday, April 18, 2017

[Bloomberg] Pound Rises as Election Called; Europe Stocks Drop: Markets Wrap [Bloomberg] Chinese Stocks Are Unnerving Investors Again as Losses Steepen [CNBC] US housing starts total 1.215M in March vs. 1.25M starts expected [Reuters] [...]

April 17th, 2017|Daily Commentary|

Monday, April 17, 2017

[Bloomberg] Stocks Rise, Dollar Falls as Weekend Risks Fade : Markets Wrap [Bloomberg] Global Financial-Market Stress Jumps to This Year's High [Reuters] Undaunted by oil bust, financiers pour billions into U.S. shale [Reuters] The long, [...]

April 16th, 2017|Daily Commentary|

Sunday, April 16, 2017

[Reuters] North Korean test missile 'fizzles' hours before Pence arrives in South [Bloomberg] Trump Says China ‘Working With Us’ on North Korean Issue [FT] Exchange traded funds attract record inflows in first quarter

April 16th, 2017|Daily Commentary|

Saturday, April 15, 2017

[Reuters] Asian economies escape 'manipulator' tag, but expect more pressure on trade [NYT] Is American Retail at a Historic Tipping Point? [Reuters] North Korea displays apparently new missiles as U.S. carrier group approaches [WSJ] North [...]

April 15th, 2017|Daily Commentary|

Friday, April 14, 2017

[Bloomberg] Stocks Drop, Yen Gains as Geopolitical Angst Grows: Markets Wrap [Bloomberg] Consumer Prices in U.S. Fall 0.3%, First Decline in a Year [Bloomberg] Retail Sales in U.S. Declined for a Second Month in [...]

April 13th, 2017|Daily Commentary|

Thursday, April 13, 2017

  [Bloomberg] Stocks Retreat on Trump Talk as Dollar Steadies: Markets Wrap [Reuters] Trump triggers U.S. bond yield slide, dollar recovers [Bloomberg] U.S. Producer Prices Decline for First Time Since August 2016 [Bloomberg] Fear [...]

April 12th, 2017|Daily Commentary|

Wednesday, April 12, 2017

[Bloomberg] Automakers Spur Europe Stocks as Haven Dash Eases: Markets Wrap [Reuters] Yen holds near multi-month highs as risk-aversion persists [Bloomberg] Melenchon Crashes Front-Runners’ Party as French Risks Rise [Bloomberg] Why the Fed Might [...]

April 11th, 2017|Daily Commentary|

Tuesday, April 11, 2017

[Bloomberg] Gold Gains With Treasuries and Yen on Haven Demand: Markets Wrap [Bloomberg] Asia Stocks Slump as China Shares Drop, Yen Gains: Markets Wrap [Bloomberg] French Election Jitters Sets Bearish Tone for Italian Bonds [...]

April 10th, 2017|Daily Commentary|

Monday, April 10, 2017

  [Bloomberg] Oil Climbs and Stocks Are Mixed as Risks Linger: Markets Wrap [Bloomberg] French Election Risk Reawakens as Bonds Drop, Volatility Jumps [Reuters] Hopes fade for U.S. bank earnings despite rally in financial [...]

April 9th, 2017|Daily Commentary|

Sunday, April 9, 2017

[Bloomberg] Asia Stocks Set for Gains as Profit Season Starts: Markets Wrap [Bloomberg] A Foreign Threat to U.S. Treasuries That Dwarfs Fed's Debt Hoard [Reuters] G7 foreign ministers seek U.S. clarity over Syria [WSJ] [...]

April 9th, 2017|Daily Commentary|

Saturday, April 8, 2017

[CNBC] The Fed's new frontier: What happens, why it matters and what could go wrong [Reuters] Chinese state media cheer Xi-Trump meeting, say confrontation not inevitable [Spiegel] The World at a Crossroads in Syria [...]

April 8th, 2017|Daily Commentary|

April 7, 2017: Just the Facts

For the Week: The S&P500 slipped 0.3% (up 5.2% y-t-d), while the Dow was about unchanged (up 4.5%). The Utilities added 0.3% (up 5.3%). The Banks fell 1.2% (down 1.0%), and the Broker/Dealers dropped 2.4% [...]

April 7th, 2017|Weekly Commentary|

Friday, April 7, 2017

[Bloomberg] Stocks Mixed, Bonds Pare Drop as Jobs Hit Fades: Markets Wrap [Bloomberg] Gold Rises to Five-Month High as Jobs Fizzle Adds to Demand [Bloomberg] Gary Cohn Says White House Will Push ‘One Cohesive’ [...]

April 6th, 2017|Daily Commentary|

Thursday, April 6, 2017

  [Bloomberg] Stocks Pare Drop, Dollar Rises as Fed Effect Dims: Markets Wrap [Bloomberg] U.S. Jobless Claims Decline to a Five-Week Low of 234,000 [Bloomberg] Cohn Backs Wall Street Split of Lending, Investment Banks [...]

April 5th, 2017|Daily Commentary|

Wednesday, April 5, 2017

[Bloomberg] U.S. Stocks Rise on Jobs Data as Oil, Dollar Gain: Markets Wrap [Bloomberg] ADP Says Companies in U.S. Added 263,000 Employees in March [Bloomberg] U.S. Service Industries Expand at Slowest Pace in Five [...]

April 4th, 2017|Daily Commentary|

Tuesday, April 4, 2017

[Bloomberg] Global Stocks Fall After Weak Car Sales, Yen Rises: Markets Wrap [Bloomberg] The Danger of a Sell-off in U.S. Stocks Grows [Bloomberg] Trade Deficit in U.S. Narrows in February to Four-Month Low [Reuters] [...]

April 3rd, 2017|Daily Commentary|

Monday, April 3, 2017

[Reuters] Stocks start second quarter on firm note, U.S. policy in focus as Trump-Xi talks loom [Reuters] Dollar starts week on back foot, keeps above 4-month lows [Bloomberg] Fed's Rebel Defends Autonomy as Trump-Molded [...]

April 2nd, 2017|Daily Commentary|

Sunday, April 2, 2017

[Bloomberg] Asian Stocks Poised to Nudge Higher; Euro Rises: Markets Wrap [Bloomberg] China Has Its Worst-Ever Start to a Year For Defaults [Reuters] Euro is a 'knife in the ribs' of the French says [...]

April 2nd, 2017|Daily Commentary|

Saturday, April 1, 2017

[Bloomberg] PBOC Raises Interest Rates on Standing Lending Facility Loans [Reuters] Venezuela seeks to cool protests as court reverses Congress annulment [Bloomberg] Zuma Discontent Builds in South Africa's ANC Amid Calls to Quit [Reuters] Germany [...]

April 2nd, 2017|Daily Commentary|

Waiting on Washington – March 31, 2017

Here’s the news of the week – and how we see it here at McAlvany Wealth Management: Waiting on Washington Last week, I thought it possible that stocks would enjoy some sort of a [...]