News Room

News Room2016-11-02T11:46:34-06:00

Wednesday, October 21, 2020

[Reuters] Stocks mixed as investors focus on U.S. stimulus [Yahoo/Bloomberg] Treasuries Slump With Dollar Amid Stimulus Bets: Markets Wrap [Reuters] Yuan hits 27-month high on PBOC guidance, upbeat data [CNBC] Mortgage demand from homebuyers falls [...]

October 20th, 2020|Daily Commentary|

Tuesday, October 20, 2020

[Reuters] Wall Street gains as deadline for fresh stimulus looms [Yahoo/Bloomberg] Oil Slides With OPEC+ Warning of Precarious Market Outlook [Reuters] Pelosi, Mnuchin push coronavirus relief talks as U.S. Senate votes on limited bill [Yahoo/Bloomberg] [...]

October 19th, 2020|Daily Commentary|

Monday, October 19, 2020

[CNBC] Stocks rise as traders weigh rising coronavirus cases, U.S. stimulus talks [Reuters] Vaccine hopes drive stocks higher on 'Black Monday' anniversary [CNBC] Treasury yields jump amid renewed stimulus hopes [Reuters] Time’s up: After a [...]

October 18th, 2020|Daily Commentary|

Sunday, October 18, 2020

[Reuters] U.S. Speaker Pelosi says differences remain on testing language in coronavirus relief [Reuters] Senate to vote this week on 'skinny' pandemic relief bill, PPP funds [Reuters] Fed officials call for tougher regulation to prevent [...]

October 18th, 2020|Daily Commentary|

Saturday, October 17, 2020

[Reuters] Coronavirus spending pushes U.S. 2020 fiscal year deficit to record $3.132 trillion [CNBC] U.S. is staring down a ‘substantial third wave’ of coronavirus cases. Here are the numbers [Yahoo/Bloomberg] U.S. Adds Most Cases Since [...]

October 17th, 2020|Daily Commentary|

Friday, October 16, 2020

[Reuters] Stocks climb on vaccine hopes, upbeat retail sales data [Reuters] Markets on edge as pandemic resurgence meets U.S. stimulus hopes [Reuters] Oil falls as possible OPEC+ supply boost, COVID-19 spike weigh on sentiment [Reuters] [...]

October 16th, 2020|Daily Commentary|

Thursday, October 15, 2020

[Yahoo/Bloomberg] Stocks Sink on Despair Over Stimulus, Virus Curbs: Markets Wrap [Reuters] Europe tumbles 2% on COVID curbs and Brexit impasse [Reuters] Oil slides as new lockdown measures threaten demand recovery [CNBC] Jobless claims jump, [...]

October 14th, 2020|Daily Commentary|

Wednesday, October 14, 2020

[Reuters] Shares steady with U.S. bank earnings in sight [Reuters] Oil under pressure as coronavirus spike stokes demand concerns [Reuters] U.S. producer prices accelerate in September [CNBC] Mortgage rates set yet another record low, [...]

October 13th, 2020|Daily Commentary|

Tuesday, October 13, 2020

[Yahoo/Bloomberg] Stocks Edge Lower as Earnings Roll In; Bonds Gain: Markets Wrap [Reuters] Shares struggle as coronavirus overshadows China data [Reuters] U.S. consumer prices slow in September [Reuters] U.S. small business confidence at highest since [...]

October 12th, 2020|Daily Commentary|

Monday, October 12, 2020

[Reuters] Stimulus bets prop up S&P, Nasdaq [Reuters] Stocks boosted by stimulus hopes and China's post-holiday surge [Reuters] Yuan set for biggest daily fall since March; dollar index edges up [Reuters] Oil prices extend losses [...]

October 11th, 2020|Daily Commentary|

Sunday, October 11, 2020

[Reuters] Wall Street Week Ahead: U.S. earnings improvement expected, but still a weak quarter [Yahoo Finance] Earnings season starts with big banks: What to know in the week ahead [Yahoo/Bloomberg] The Next Big Shift [...]

October 11th, 2020|Daily Commentary|

Saturday, October 10, 2020

[Yahoo/Bloomberg] Trump’s Hurdles to Stimulus Climb After Abrupt Tactical Shift [Reuters] U.S. COVID-19 cases hit two-month high, 10 states report record increases [CNBC] Tight race between Joni Ernst and Theresa Greenfield in Iowa could determine [...]

October 10th, 2020|Daily Commentary|

October 9, 2020: Weird

Please join Doug Noland and David McAlvany Thursday, October 22nd, at 4:00PM Eastern/ 2:00pm Mountain time for the Tactical Short Q3 recap conference call, “Managing Short Exposure in Extreme Uncertainty.” Click here to register. The [...]

October 10th, 2020|Weekly Commentary|

Friday, October 9, 2020

[Yahoo/Bloomberg] U.S. Stocks Rise as Stimulus Talks Weighed: Markets Wrap [Reuters] Stocks surge as hopes grow for U.S. stimulus [Reuter] Dollar falls as likelihood of a Biden victory grows; yuan gains [Yahoo/Bloomberg] White House Open [...]

October 8th, 2020|Daily Commentary|

Thursday, October 8, 2020

[Yahoo/Bloomberg] Stocks Advance on Stimulus Hopes; Dollar Weakens: Markets Wrap [Yahoo/Bloomberg] Oil Gains Above $40 With Hurricane Delta Threatening Gulf Output [Yahoo/Bloomberg] Trump Touts Progress in Stimulus Talks Days After Spiking Them [Reuters] U.S. [...]

October 7th, 2020|Daily Commentary|

Wednesday, October 7, 2020

[Reuters] Stocks bounce after worst session for S&P 500, Dow in two weeks [Reuters] Oil prices slide as Trump cancels aid talks, U.S. crude stocks expand [CNBC] Trump reverses course on coronavirus relief talks, dangles [...]

October 6th, 2020|Daily Commentary|

Tuesday, October 6, 2020

[Yahoo/Bloomberg] Stocks Mixed Before Powell; European Stocks Gain: Markets Wrap [Reuters] Stocks inch to two-week high after Trump leaves hospital [Reuters] Oil prices gain on supply disruptions, Trump's hospital exit [Reuters] U.S. trade deficit jumps [...]

October 5th, 2020|Daily Commentary|

Monday, October 5, 2020

[Reuters] Wall Street jumps on stimulus hopes, hints of Trump hospital discharge [Reuters] Global stocks rise as signs of Trump's improving health calm markets [CNBC] Trump and medical team will decide later Monday whether he’s [...]

October 4th, 2020|Daily Commentary|

Sunday, October 4, 2020

[Reuters] Trump's diagnosis fuels uncertainty for skittish U.S. stock market [CBS] Live updates: Trump's doctor says he's "not out of the woods," but "cautiously optimistic" [Reuters] Coronavirus live updates: Trump is ‘not yet out of [...]

October 4th, 2020|Daily Commentary|

Saturday, October 2, 2020

[Reuters] Trump to spend days at military hospital after COVID-19 diagnosis [CNBC] Ron Johnson is the third Republican senator to test positive for coronavirus in two days [CNBC] ‘Massively concerning’ jobs report sends a signal [...]

October 3rd, 2020|Daily Commentary|

Friday, October 2, 2020

[CNN] President Donald Trump tweets he and first lady Melania Trump test positive for Covid-19 [Reuters] Stocks sink as Trump tests positive for COVID-19 [Reuters] Oil drops 4% after Trump's positive coronavirus test [CNBC] U.S. [...]

October 1st, 2020|Daily Commentary|

Thursday, October 1, 2020

[Yahoo/Bloomberg] Stocks Climb on Stimulus Hopes: Markets Wrap [Reuters] Global shares extend gains on U.S. stimulus, upbeat data [Reuters] Dollar gives ground as hopes of US stimulus leads traders to riskier currencies [Reuters] White House [...]

September 30th, 2020|Daily Commentary|

Wednesday, September 30, 2020

[Reuters] Global stocks pull back as acrimonious U.S. debate stokes caution [Reuters] Oil extends losses as rising virus cases spur demand worries [Reuters] Dollar holds line after Trump, Biden clash in first debate [Reuters] Chaotic [...]

September 29th, 2020|Daily Commentary|

Tuesday, September 29, 2020

[CNBC] U.S. stocks little changed following Monday’s rally [CNBC] Shares lose ground as U.S. presidential debate looms [Reuters] U.S. goods trade deficit widens in August [CNBC] Coronavirus live updates: Death toll exceeds 1 million people [...]

September 28th, 2020|Daily Commentary|

Monday, September 28, 2020

[Reuters] Banks, travel stocks lead Wall Street higher [Reuters] Stocks bounce as China industrial profits rise [Yahoo/Bloomberg] Oil Erases Losses With Dollar Falling But Uncertain Demand Looms [Yahoo/Bloomberg] JPMorgan Says Usual Hedges Aren’t Working as [...]

September 27th, 2020|Daily Commentary|

Sunday, September 27, 2020

[Reuters] Rise in virus cases adds to economic uncertainty ahead of U.S. election [CNBC] Fewer than 10% of Americans show signs of past coronavirus infection, study finds [Reuters] BoE's Tenreyro says evidence on negative rates [...]

September 27th, 2020|Daily Commentary|

Saturday, September 26, 2020

[Reuters] Wall Street Week Ahead: Trump-Biden debate could spark stock volatility [Reuters] Trump says U.S. election winner might not be known for months [Reuters] Rise in virus cases adds to economic uncertainty ahead of U.S. [...]

September 26th, 2020|Daily Commentary|

Friday, September 25, 2020

[Yahoo/Bloomberg] U.S. Stocks Drop With Europe; Bonds Gain: Markets Wrap [Reuters] Global stocks set for dire week, best for dollar since April [Reuters] Dollar back in demand, set for biggest weekly surge since early April [...]

September 24th, 2020|Daily Commentary|

Thursday, September 24, 2020

[Reuters] Shares slide, dollar up as hopes of economic recovery fade [Reuters] Dollar holds advantage as money flees from risk assets [Reuters] Oil falls on fuel demand growth concerns as coronavirus lingers [Reuters] U.S. weekly [...]

September 23rd, 2020|Daily Commentary|

Wednesday, September 23, 2020

[Reuters] Asian stocks struggle to build on Wall Street gains, dollar rises [Reuters] Oil falls after surprise rise in U.S. crude inventories [Reuters] China has no reason to approve 'dirty' TikTok deal: China Daily [Reuters] [...]

September 22nd, 2020|Daily Commentary|

Tuesday, September 22, 2020

[Yahoo/Bloomberg] Stocks Rise as Tech Gain Tempers Virus Woes: Markets Wrap [Yahoo/Bloomberg] China Sets Weaker Yuan Fix in First Sign Record Rally May Slow [Reuters] Dollar bounceback pauses, Aussie and Kiwi regain lost ground [Reuters] [...]

September 21st, 2020|Daily Commentary|

Monday, September 21, 2020

[Yahoo/Bloomberg] Stocks Tumble Most Since July; Treasuries Rise: Markets Wrap [Yahoo/Bloomberg] Treasuries Rally After Jump in Virus Cases Risks Fresh Lockdowns [CNBC] Deutsche Bank, JPMorgan lead drop in financial shares amid report the banks moved [...]

September 20th, 2020|Daily Commentary|

Sunday, September 20, 2020

[Yahoo/Bloomberg] World’s Central Banks Adjust to Fed Three-Year Plan: Week Ahead [Reuters] If U.S. election winds up in Supreme Court, Ginsburg's death will loom large [Yahoo/Bloomberg] Powell Calling New Rate Road Map ‘Powerful’ Doesn’t [...]

September 20th, 2020|Daily Commentary|

Saturday, September 19, 2020

[Reuters] Wall Street Weekahead: Corporate debt frenzy rolls on as worries loom over markets [Reuters] Amid mourning for Ginsburg, fierce battle over U.S. Supreme Court looms [AP] AP Explains: What happens with the Supreme Court [...]

September 20th, 2020|Daily Commentary|

Friday, September 18, 2020

[CNBC] U.S. stocks are mixed after Dow snaps a 4-day winning streak [Reuters] Global stocks weighed down by virus angst, lack of stimulus [Reuters] Oil prices fall after Haftar signals Libya output to resume [Reuters] [...]

September 17th, 2020|Daily Commentary|

Thursday, September 17, 2020

[Reuters] Stocks buckle, dollar stirs as divided Fed disappoints [Yahoo/Bloomberg] Stocks Fall, Bonds Gain as Recovery Risk Lingers: Markets Wrap [Reuters] Oil steady as demand worries revive, crews return to U.S. Gulf rigs [Reuters] U.S. [...]

September 16th, 2020|Daily Commentary|

Wednesday, September 16, 2020

[Reuters] Wall Street higher as focus turns to Fed meet [Reuters] Shares rally, dollar falls ahead of Fed meeting [Reuters] Dollar falls as markets increase bets on more Fed easing [Reuters] China lifts yuan midpoint [...]

September 15th, 2020|Daily Commentary|

Tuesday, September 15, 2020

[Reuters] Wall Street higher ahead of two-day Fed meet [Reuters] Gold gains as dollar softens ahead of Fed meeting [Reuters] Yuan extends gains to 16-month high as China data boosts risk appetite [AP] Federal Reserve [...]

September 14th, 2020|Daily Commentary|

Monday, September 14, 2020

[CNBC] Stocks jump as Wall Street tries to recover after tech struggles [Reuters] Vaccine hopes lift world stocks, but caution creeps in [Yahoo/Bloomberg] Oil Falls Near $37 With Demand in Focus Before OPEC+ Meeting [CNBC] [...]

September 13th, 2020|Daily Commentary|

Sunday, September 13, 2020

[AP] What’s next? Devastating fires are latest challenge in West [Reuters] Japan's Suga says no limit to bonds government can issue [Reuters] Argentina's Guzman says seeking payment pause with IMF until 2024 - report [Reuters] [...]

September 13th, 2020|Daily Commentary|

Saturday, September 12, 2020

[Reuters] Wall Street Week Ahead: Fed meeting in focus as stocks wobble and coronavirus bill stalls [AP] US budget deficit hits record $3 trillion through 11 months [Reuters] Japan's Suga, likely next PM, says ready [...]

September 12th, 2020|Daily Commentary|

Friday, September 11, 2020

[Reuters] Stocks rebound as tech rises; Oracle delivers strong quarter [Reuters] Shares struggle to shake off bearish mood as U.S. tech giants fall anew [Reuters] Oil drops on higher inventories, weak U.S. stock markets [Reuters] [...]

September 10th, 2020|Daily Commentary|

Thursday, September 10, 2020

[Reuters] Stocks struggle after tech reboot, euro in ECB crosshairs [CNBC] Weekly jobless claims miss estimates as employment gains taper off [Yahoo/Bloomberg] Meltdown Memories Grip Southeast Asia Stocks as Indonesia Slumps [CNBC] European Central Bank [...]

September 9th, 2020|Daily Commentary|

Wednesday, September 9, 2020

[Reuters] Stocks bounce after tech rout sends Nasdaq into correction [Reuters] Shares resilient after U.S. tech sell-off, vaccine trial delay [Reuters] Oil prices reverse some losses but demand concerns persist [Reuters] U.S. readies bans [...]

September 9th, 2020|Daily Commentary|

Tuesday, September 8, 2020

[CNBC] Nasdaq futures drop 3% as tech sell-off continues, Dow futures fall 250 points [Reuters] Stocks struggle as tech remains fragile, pound slides [Reuters] Oil slides over 3% to lowest since June on demand fears [...]

September 8th, 2020|Daily Commentary|

Monday, September 7, 2020

[Yahoo/Bloomberg] Nasdaq Futures Resume Declines With Valuation Angst Lingering [Yahoo/Bloomberg] British Pound Plummets After Specter of a No-Deal Brexit Returns [Reuters] With big tech on holiday, world shares inch higher [Reuters] Oil falls after Saudi [...]

September 6th, 2020|Daily Commentary|

Sunday, September 6, 2020

[Reuters] Wall St Week Ahead-U.S. stock market surge may run into scary September [CNBC] U.S. considers blacklisting China’s largest chipmaker as tech tensions escalate [Reuters] California grid operator warns of rotating power outages in record [...]

September 6th, 2020|Daily Commentary|

Saturday, September 5, 2020

[CNBC] The stock market shakeout is likely not over yet, even with Friday’s comeback [Reuters] Japan's Suga signals ultra-easy monetary policy to continue [Reuters] Masked men drag protesting Belarusian students off the streets [WSJ] Voters [...]

September 5th, 2020|Daily Commentary|

September 4, 2020: Summer of 2020

QE fundamentally changed finance. What commenced at the Federal Reserve with a post-mortgage finance Bubble, $1 TN Treasury buying operation morphed into open-ended purchases of Treasuries, MBS, corporate bonds and even corporate ETFs holding high-yield [...]

September 5th, 2020|Weekly Commentary|

Friday, September 4, 2020

[Yahoo/Bloomberg] U.S. Stocks Trade Mixed After Jobs Report: Markets Wrap [Reuters] Asian stocks slip after Wall Street selloff dents tech rally [Reuters] U.S. job growth slows in August, unemployment rate falls to 8.4% [CNBC] [...]

September 3rd, 2020|Daily Commentary|

Thursday, September 3, 2020

[Reuters] Stocks dip as Wall Street takes a breather after a strong start to September [Reuters] Dollar gains further on worries ECB grew uncomfortable with euro rise [Yahoo/Bloomberg] Oil Drops Again With OPEC Supply and [...]

September 2nd, 2020|Daily Commentary|

Wednesday, September 2, 2020

[Reuters] Stocks climb as recovery hopes gather strength [Reuters] Dollar extends gains, Aussie lags, euro backtracks from $1.20 high [Reuters] U.S. private payrolls increase modestly in August: ADP [CNBC] Mortgage demand from homebuyers is now [...]

September 1st, 2020|Daily Commentary|

Tuesday, September 1, 2020

[Yahoo/Bloomberg] U.S. Stocks Climb as Dollar Touches Two-Year Low: Markets Wrap [Yahoo/Bloomberg] Gold Rebounds Toward $2,000 After Dollar Drops to Two-Year Low [Reuters] Dollar dumped on rate outlook, Aussie looks to RBA [Yahoo/Bloomberg] Yuan’s Jump [...]

August 31st, 2020|Daily Commentary|

Monday, August 31, 2020

[Yahoo/Bloomberg] U.S. Equities Fluctuate; Bonds Decline: Markets Wrap [Reuters] Stocks set for five months of gains as stimulus fuels highs [AP] Uncertainty dominates presidential campaign’s final stretch [Yahoo/Bloomberg] Insider Trading Is Rife With No Regulators [...]

August 30th, 2020|Daily Commentary|

Sunday, August 30, 2020

[Reuters] What's next as Japan PM Abe quits, potential successors [Reuters] China's big banks brace for lagging COVID-19 risks as bad loans rise [AP] India records world’s biggest single-day jump in virus cases [Bloomberg] TikTok [...]

August 30th, 2020|Daily Commentary|

Saturday, August 29, 2020

[Reuters] White House suggests $1.3 trillion coronavirus aid bill; Pelosi says not enough [Reuters] Turkey to hold military exercise off Cyprus amid Mediterranean tensions [Reuters] Xi says China to step up efforts to fight 'splittism' [...]

August 29th, 2020|Daily Commentary|

Friday, August 28, 2020

[CNBC] Stocks rise to end the week as Dow tries to erase losses for 2020 [Reuters] Yen surges as Japan's Abe quits, stocks mixed after Fed shift [Yahoo/Bloomberg] Gold Rebounds on Weaker Dollar as Investors [...]

August 27th, 2020|Daily Commentary|

Thursday, August 27, 2020

[CNBC] Dow rises by 100 points as Fed announces new inflation approach that could keep rates low [Reuters] Rouble slides again as Putin says Belarus asked for help [CNBC] Powell announces new Fed approach to [...]

August 26th, 2020|Daily Commentary|

Wednesday, August 26, 2020

[Yahoo/Bloomberg] Stocks Fluctuate Near Record Highs; Dollar Gains: Markets Wrap [CNBC] U.S. core capital goods orders slow in July from prior month, while durable goods orders surge 11.2% [Reuters] Framework review complete, Fed's Powell starts [...]

August 25th, 2020|Daily Commentary|

Tuesday, August 25, 2020

[Yahoo/Bloomberg] U.S. Stocks Climb on Trade Optimism: Markets Wrap [Reuters] Asian stocks mostly higher as trade, virus treatment hopes lift mood [Reuters] As uncertainty threatens U.S. growth, Fed seeks more firepower [Reuters] China agrees with [...]

August 24th, 2020|Daily Commentary|

Monday, August 24, 2020

[Yahoo/Bloomberg] Stocks Rally on Vaccine Hopes; Dollar Weakens: Markets Wrap [Reuters] Global stocks thrive on coronavirus treatment hopes [Reuters] Dollar falls, riskier currencies gain, ahead of Republican convention [Reuters] Oil prices steady as 'double [...]

August 23rd, 2020|Daily Commentary|

Sunday, August 23, 2020

[Reuters] Trump says could 'decouple' and not do business with China [Reuters] California seeks help as wildfires threaten communities [Yahoo/Bloomberg] The Day California Went Dark Was a Crisis Years in the Making [Bloomberg] Bond Traders [...]

August 23rd, 2020|Daily Commentary|

Saturday, August 22, 2020

[Reuters] California governor calls wildfires 'deadly moment,' urges residents to flee [Reuters] Wall Street Week Ahead: No elk or trout, but Fed's virtual retreat may stoke market's 'animal spirits' [WSJ] Covid-19 Is Dividing the American [...]

August 22nd, 2020|Daily Commentary|

Friday, August 21, 2020

[Yahoo/Bloomberg] Stocks Lose Oomph; Bonds Gain With Dollar: Markets Wrap [Reuters] Waning European recovery saps stocks momentum, knocks euro [Reuters] Euro sinks as business rebound stutters in August [Yahoo/Bloomberg] Oil Extends Decline With Demand Headwinds [...]

August 20th, 2020|Daily Commentary|

Thursday, August 20, 2020

[Yahoo/Bloomberg] Stocks Slide, Bonds Rise After Jobs Data: Markets Wrap [Yahoo/Bloomberg] Traders Dump TSMC, Samsung in Worst Day in Asia Tech Since March [Reuters] Oil and stocks fall as markets still rattled by Fed minutes [...]

August 19th, 2020|Daily Commentary|

Wednesday, August 19, 2020

[Reuters] Shares gain as Wall Street record outweighs jitters over growth [Reuters] Dollar struggles near 27-month lows as Fed minutes eyed [Reuters] Oil slips as demand worries outweigh U.S. stocks draw [Reuters] U.S. official sees [...]

August 18th, 2020|Daily Commentary|

Tuesday, August 18, 2020

[Yahoo/Bloomberg] U.S. Stocks Climb on Housing Data; Dollar Slips: Markets Wrap [Reuters] Gold climbs back above $2,000/oz level as dollar slides [Reuters] Dollar touches more than 2-year low as traders push euro longs to record [...]

August 17th, 2020|Daily Commentary|

Monday, August 17, 2020

[Yahoo/Bloomberg] U.S. Stocks Rise With Europe Stocks; Metals Climb: Markets Wrap [Reuters] Europe stuck on the ground as China markets jump [Reuters] Dollar on defensive as markets eye U.S. politics, Fed minutes [CNBC] Pelosi to [...]

August 16th, 2020|Daily Commentary|

Saturday, August 15, 2020

[Reuters] Wall Street Week Ahead: Biden victory? Disputed election? Wall Street prices in November outcomes [CNBC] ‘It’s nerve-racking’ — Millions of Americans are still furloughed and unsure when they will return to work [Reuters] Exclusive: [...]

August 15th, 2020|Weekly Recap|

Friday, August 14, 2020

[Reuters] Wall Street retreats as China data disappoints [Reuters] World shares sink as data points to tepid economic revival [Reuters] Dollar steadies, index heads for worst weekly run in decade [Reuters] Euro zone bonds sell-off [...]

August 13th, 2020|Daily Commentary|

Thursday, August 13, 2020

[Reuters] Wall Street edges up as weekly jobless claims drop [Yahoo/Bloomberg] Gold Advances After Wild Swings as Investors Weigh Next Steps [CNBC] U.S. weekly jobless claims fell to 963,000, first time below 1 million [...]

August 12th, 2020|Daily Commentary|

Wednesday, August 12, 2020

[Reuters] Global stocks shake off stimulus doubts, gold goes wild [Yahoo/Bloomberg] Gold’s Wild Ride Continues as Prices Bounce Back [Reuters] U.S. consumer prices accelerate in July [CNBC] Another record low mortgage rate juiced weekly demand, [...]

August 11th, 2020|Daily Commentary|

Tuesday, August 11, 2020

[Reuters] U.S. S&P500 heads for record high as stimulus bets lift world stocks [Yahoo/Bloomberg] Stocks Jump Worldwide While Dollar Drops With Gold: Markets Wrap [Reuters] U.S. producer prices beat expectations in July [Reuters] China's [...]

August 10th, 2020|Daily Commentary|

Monday, August 10, 2020

[Reuters] Shares edge up as positive China industrial data outweighs trade jitters [MarketWatch] Gold rises as China-U.S. tensions escalate [Reuters] Oil climbs on positive China data, rising demand [Reuters] Pelosi, Mnuchin open door to narrower [...]

August 9th, 2020|Daily Commentary|

Sunday, August 9, 2020

[CNBC] Trump signs measure to provide extra $400 in weekly unemployment benefits [AP] Trump orders encroach on Congress’ powers, invite challenges [AP] US reaches 5 million confirmed coronavirus cases [Reuters] U.S. health chief arrives in [...]

August 9th, 2020|Daily Commentary|

Saturday, August 8, 2020

Understandably, attention remains focused on the dominant U.S. tech stocks, record highs in Nasdaq, sector rotation opportunities, and the Robinhood phenomenon. It’s a mania, after all. There are as well stimulus negotiations and the administration’s [...]

August 8th, 2020|Daily Commentary|

Friday, August 7, 2020

[Reuters] Wall Street dips on slowing job growth, U.S.-China tensions [Reuters] Global equities snap four-day rally on U.S.-China frictions; dollar firm [CNBC] Payrolls increase by nearly 1.8 million, topping expectations despite coronavirus resurgence [AP] Virus [...]

August 6th, 2020|Daily Commentary|

Thursday, August 6, 2020

[Reuters] Stocks slip as investors wait for U.S. stimulus [Reuters] Gold scales record peak as gloomy economic outlook bolsters appeal [Yahoo/Bloomberg] Turkey’s Lira Hits Record Low as Interventions Fail to Stem Drop [CNBC] U.S. weekly [...]

August 5th, 2020|Daily Commentary|

Wednesday, August 5, 2020

[Reuters] Gold shines on falling dollar, yields; pandemic cost concerns drag on shares [Yahoo/Bloomberg] U.S. Stocks Climb With European Stocks and Gold: Markets Wrap [CNBC] Asia Pacific stocks mixed as uncertainty over U.S. coronavirus relief [...]

August 4th, 2020|Daily Commentary|

Tuesday, August 4, 2020

[Reuters] Wall St. dips as U.S.-China tensions heat up over TikTok [Reuters] World shares hit five-month high; mixed earnings knock European shares [AP] ‘A line in the sand’: Both sides dig in on virus relief [...]

August 3rd, 2020|Daily Commentary|

Monday, August 3, 2020

[Yahoo/Bloomberg] U.S. Stocks Climb With Europe Stocks; Bonds Drop: Markets Wrap [Reuters] Summer mood swings: markets turn higher on hopes of virus aid [Reuters] Dollar rallies after weakest month in a decade [Yahoo/Bloomberg] Fed [...]

August 2nd, 2020|Daily Commentary|

Sunday, August 2, 2020

[Reuters] Congressional Democrats, White House still at impasse over coronavirus bill [CNBC] Retail rents plummet across New York City, as America’s glitzy shopping districts turn into ghost towns [AP] As school begins amid virus, parents [...]

August 2nd, 2020|Daily Commentary|

Saturday, August 1, 2020

[Reuters] Congressional Democrats, White House set for Saturday talks on coronavirus bill [AP] Trump, GOP soften on opposition to $600 jobless benefit [Reuters] Wall Street Week Ahead: After monster rally, investors cautious as U.S. recovery [...]

August 1st, 2020|Daily Commentary|

July 31, 2020: Precarious World

Another fascinating – if not comforting – week. A Friday Wall Street Journal headline: “Big Tech’s Embarrassment of Riches – Amazon, Apple, Facebook and Google all show resilience during pandemic while undergoing congressional scrutiny.” Amazon, [...]

August 1st, 2020|Weekly Commentary|

Friday, July 31, 2020

[Yahoo/Bloomberg] Stocks Rise; Gold Hits Record: Markets Wrap [Yahoo/Bloomberg] U.S. Dollar Suffers Its Worst Month in a Decade [Yahoo/Bloomberg] Gold Sets Fresh Record Heading for Best Month in Eight Years [Yahoo/Bloomberg] Bond Yields Are [...]

July 30th, 2020|Daily Commentary|

Thursday, July 30, 2020

[Yahoo/Bloomberg] Stocks Retreat as Earnings Roll In: Markets Wrap [Reuters] Stocks fall as Fed's pledge relief rally fades [Yahoo] Donald Trump calls for delay to 2020 US presidential election [AP] US economy shrank at [...]

July 29th, 2020|Daily Commentary|

Wednesday, July 29, 2020

[Yahoo/Bloomberg] Stocks Mixed Before Fed; Treasuries Keep Advance: Markets Wrap [MarketWatch] Gold edges higher ahead of Fed decision [AP] Fed wrestles with its next moves as virus stalls US economy [Reuters] Fed faces viral wave, [...]

July 28th, 2020|Daily Commentary|

Tuesday, July 28, 2020

[Reuters] Wall St. slips on tough stimulus talks, mixed earnings [Yahoo/Bloomberg] U.S. Stocks Slip; Gold Retreats From $2,000: Markets Wrap [Reuters] Gold drops off record high, dollar gets respite [Yahoo/Bloomberg] Asian Stocks Pare Advance as [...]

July 27th, 2020|Daily Commentary|

Monday, July 27, 2020

[Reuters] Gold roars to record high, dollar dives again [CNBC] Stocks rise ahead of big week of earnings, coronavirus stimulus in focus [Reuters] Dollar struggles amid Sino-U.S. tensions, coronavirus woes [Yahoo/Bloomberg] Gold Rips Up Record [...]

July 26th, 2020|Daily Commentary|

Sunday, July 26, 2020

[Reuters] Staff leaving U.S. Chengdu consulate under high security as deadline looms [CNBC] Here are five charts illustrating U.S. economic trends amid the coronavirus pandemic [CNBC] Op-Ed: The U.S.-China clash has entered perilous new territory [...]

July 26th, 2020|Daily Commentary|

Saturday, July 25, 2020

[AP] No virus bill yet: White House, GOP at odds over jobless aid [Reuters] Wall Street Week Ahead: Investors hedging, worry about exuberance, as U.S. risks rise [Reuters] Record numbers of coronavirus cases in every [...]

July 25th, 2020|Daily Commentary|

Friday, July 24, 2020

[CNBC] Stocks back off on U.S.-China frictions; Intel sinks [CNBC] China markets extend losses, Shenzhen stocks dive beyond 5% as U.S.-China tensions flare [Reuters] World shares retreat on rise in Sino-US tensions [Reuters] Oil [...]

July 23rd, 2020|Daily Commentary|

Thursday, July 23, 2020

[Reuters] Stocks gain as upbeat earnings outweigh U.S.-China tensions [Reuters] Dollar hits four-month low, yuan recovers as Sino-U.S. tensions simmer [CNBC] U.S. weekly jobless claims total 1.416 million, vs 1.3 million expected [CNBC] Mnuchin says [...]

July 22nd, 2020|Daily Commentary|

Wednesday, July 22, 2020

[Reuters] Stocks retreat as Sino-U.S. relations sour [Reuters] Gold hits highest since 2011 on stimulus bets, silver at near 7-year peak [Reuters] Currency markets resume risk-on rally, shrugging off U.S.-China consulate spat [Reuters] U.S. orders [...]

July 21st, 2020|Daily Commentary|

Tuesday, July 21, 2020

[Reuters] Wall Street climbs on upbeat earnings reports, stimulus hopes [Reuters] Gold jumps to nine-year peak on tepid dollar and stimulus [Reuters] EU recovery fund lifts shares to five-month high [AP] Senate panel now likely [...]

July 20th, 2020|Daily Commentary|

Monday, July 20, 2020

[Yahoo/Bloomberg] Stocks Mixed Amid Dollar Rise; China Sees Gains: Markets Wrap [Reuters] Euro, euro zone bond markets hold out hope for recovery fund; stocks higher [Reuters] Italian bond yields fall to early March lows on [...]

July 19th, 2020|Daily Commentary|

Sunday, July 19, 2020

[Reuters] Germany's Merkel warns of summit failure on EU recovery fund [AP] EU leaders extend summit as they haggle over budget, virus [AP] As virus surges in some US states, emergency rooms swamped [Reuters] WHO [...]

July 19th, 2020|Daily Commentary|

Saturday, July 18, 2020

[AP] No end in sight, Congress confronts new virus crisis rescue [AP] Breathtaking virus numbers show normal life still far away [Reuters] Dutch welcome new ideas on EU recovery fund but deal far off [CNBC] [...]

July 18th, 2020|Daily Commentary|

Friday, July 17, 2020

[Reuters] Wall Street higher on optimism over economic recovery [Reuters] Where did all the bulls go? Rallies stall as EU summit begins [CNBC] U.S. housing starts total 1.186 million in June, vs 1.169 million expected [...]

July 16th, 2020|Daily Commentary|

Thursday, July 16, 2020

[Yahoo/Bloomberg] Stocks Retreat; Euro Steady After ECB: Markets Wrap [Yahoo/Bloomberg] Worst China Stocks Selloff Since February Caps Brutal Reversal [Reuters] Dollar climbs as traders focus on weak Chinese retail sales [Reuters] Global debt hits [...]

July 15th, 2020|Daily Commentary|

Wednesday, July 15, 2020

[Reuters] Stocks gain as vaccine hopes offset U.S.-China tensions [Reuters] Dollar hits one-month low; riskier currencies gain on vaccine hopes [CNBC] U.S. reports record 67,400 single-day spike of new coronavirus cases [Reuters] Coronavirus cost [...]

July 14th, 2020|Daily Commentary|

Tuesday, July 14, 2020

[Reuters] Lockdown in global tech hub hits stocks [CNBC] U.S. consumer price index rose 0.6% in June, vs 0.5% increase expected [Reuters] JPMorgan beats estimates on trading, but loan losses loom [CNBC] Coronavirus updates: Hong [...]

July 13th, 2020|Daily Commentary|

Monday, July 13, 2020

[Yahoo/Bloomberg] Stocks Rise on Policy Optimism; Dollar Declines: Markets Wrap [CNBC] Stock futures rise as investors shake off a continued spike in coronavirus cases [Reuters] Shares eye five-month peak as earnings season starts [Reuters] Dollar [...]

July 12th, 2020|Daily Commentary|

Sunday, July 12, 2020

[CNN] US Covid-19 cases are climbing but some state and local leaders clash over moves to curb the spread [Yahoo/Bloomberg] Homegrown Buyers Pick Up Treasury’s Tab to Fund Record Deficits [Yahoo/Bloomberg] China Gives World First [...]

July 12th, 2020|Daily Commentary|

Saturday, July 11, 2020

[Reuters] U.S. sets record for new COVID cases third day in a row at over 69,000 [The Hill] Dozens of Florida hospitals max out of ICU capacity amid surge in COVID-19 cases [Reuters] Chinese [...]

July 11th, 2020|Daily Commentary|

July 10, 2020: Utmost Crazy

The Shanghai Composite surged 7.3% this week, increasing y-t-d gains to 10.9%. The CSI 300 rose 7.6%, with 2020 gains of 16.0%. China’s growth-oriented ChiNext Index’s 12.8% surge boosted year-to-date gains to 54.5%. Copper jumped [...]

July 11th, 2020|Weekly Commentary|

Friday, July 10, 2020

[Reuters] Stocks jittery as record U.S. virus count curbs risk appetite [Yahoo/Bloomberg] U.S. Treasuries Lead Rally in Long-Dated Bonds on Haven Demand [CNBC] U.S. producer prices unexpectedly fall in June [Reuters] Fed balance sheet below [...]

July 9th, 2020|Daily Commentary|

Thursday, July 9, 2020

[CNBC] Stocks higher as tech shares rise again, jobless claims better than expected [Reuters] China charges on, gold reaches nine-year high [Reuters] Gold holds above $1,800 as virus cases spike [Reuters] U.S. weekly jobless claims [...]

July 8th, 2020|Daily Commentary|

Wednesday, July 8, 2020

[Reuters] Global shares waver on coronavirus fears [Yahoo/Bloomberg] U.S. Stocks Drift, European Stocks Trim Decline: Markets Wrap [MarketWatch] Gold prices extend climb above 9-year high as traders see few limits to central-bank stimulus [Yahoo/Bloomberg] Trump [...]

July 7th, 2020|Daily Commentary|

Tuesday, July 7, 2020

[Reuters] Stocks ease after five-day run as virus worries weigh [AP] Global stocks slip as virus outbreaks dim hopes for rebound [Reuters] Pompeo says U.S. looking at banning Chinese social media apps, including TikTok: Fox [...]

July 6th, 2020|Daily Commentary|

Monday, July 6, 2020

[Reuters] Stocks rally to four-week highs as investors bet on China revival [CNBC] Dow futures jump more than 350 points as Wall Street tries to build on winning week [CNBC] Shanghai soars nearly 6%, leading [...]

July 5th, 2020|Daily Commentary|

Sunday, July 5, 2020

[AP] US holiday fuels worries about skyrocketing virus cases [Reuters] WHO reports record daily increase in global coronavirus cases, up more than 212,000 [Reuters] ECB’s Villeroy Says Pandemic Is Forcing Permanent Policy Change [Bloomberg] Goldman [...]

July 5th, 2020|Daily Commentary|

Saturday, July 4, 2020

[Reuters] Across Sun Belt, hopes for economy give way to renewed fears [Reuters] Russia says China would be needed in expanded G7 summit: TASS [Reuters] U.S. sends carriers to South China Sea during Chinese drills [...]

July 4th, 2020|Daily Commentary|

Friday, July 3, 2020

[AP] World stocks mostly turn lower with US closed for holiday [Reuters] Global Markets: COVID recovery vs COVID reality [Reuters] Dollar rises as risk appetite tempered by rising COVID-19 cases in U.S. [Reuters] U.S. reports [...]

July 2nd, 2020|Daily Commentary|

Thursday, July 2, 2020

[Yahoo/Bloomberg] Stocks Rise After Jobs Report; Bonds Fall: Markets Wrap [CNBC] US jobs increase by 4.8 million in June, vs 2.9 million estimate; unemployment rate at 11.1% [CNBC] Weekly jobless claims rise more than expected [...]

July 1st, 2020|Daily Commentary|

Wednesday, July 1, 2020

[Yahoo/Bloomberg] U.S. Stocks Fluctuate as New Quarter Starts: Markets Wrap [Reuters] Global shares begin second half with a whimper despite positive data [Reuters] U.S. employers announced more job cuts in June: report [CNBC] Mortgage demand [...]

June 30th, 2020|Daily Commentary|

Tuesday, June 30, 2020

[Reuters] Virus fears lead stocks lower after strong quarterly rebound [Reuters] European shares pick up, dollar gains before quarter-end [Yahoo/Bloomberg] Gold Heads for Biggest Quarterly Gain Since 2016 on Virus Woes [Reuters] Wall Street faces [...]

June 29th, 2020|Daily Commentary|

Monday, June 29, 2020

[Yahoo/Bloomberg] U.S. Stocks Rise With Europe Stocks; Dollar Slips: Markets Wrap  [Reuters] Oil prices drop for second straight session as coronavirus spike cools demand hopes [CNBC] California orders bars to close in Los Angeles and [...]

June 28th, 2020|Daily Commentary|

Sunday, June 28, 2020

[Reuters] Wall St Week Ahead-RPT-Investors eye economic data, stimulus measures as stocks rally stalls [Reuters] Global coronavirus cases exceed 10 million [Reuters] China's central bank says economy faces risks from global pandemic, efforts against domestic [...]

June 28th, 2020|Daily Commentary|

Saturday, June 27, 2020

[Reuters] New pandemic clampdowns in Texas, Florida rattle business owners [AP] Bar owners worry as virus surges in their workplaces [Reuters] New U.S. coronavirus cases hit 45,242 for biggest one-day increase of pandemic [CNBC] Credit [...]

June 27th, 2020|Daily Commentary|

June 26, 2020: More W than V

The much vaunted “V” recovery is improbable. To simplify, a somewhat “w”-looking scenario is a higher probability. After such an abrupt and extraordinary collapse in economic activity, a decent bounce was virtually assured. Millions would [...]

June 27th, 2020|Weekly Commentary|

Friday, June 26, 2020

[Reuters] Wall Street lower as banks fall, virus cases surge [Reuters] Global stocks, oil and euro gain despite surging coronavirus cases [AP] US consumer spending up 8.2%, partly erasing record plunge [CNBC] Coronavirus mortgage bailouts [...]

June 25th, 2020|Daily Commentary|

Thursday, June 25, 2020

[Reuters] Stocks fall on virus fears ahead of jobless claims [Reuters] Oil prices fall further on virus fears, U.S. crude stock build [CNBC] U.S. hits highest single day of new coronavirus cases with more than [...]

June 24th, 2020|Daily Commentary|

Wednesday, June 24, 2020

[Reuters] Wall Street lower as coronavirus cases flare up [Reuters] Gold shines as coronavirus surge unnerves investors [Reuters] Oil prices slides as U.S. crude stockpile growth heightens oversupply fears [Yahoo/Bloomberg] Gold Poised to Challenge $1,800 [...]

June 23rd, 2020|Daily Commentary|

Tuesday, June 23, 2020

[Yahoo/Bloomberg] U.S. Equities Rise With Europe Stocks; Dollar Slips: Markets Wrap [Yahoo/Bloomberg] Oil Climbs to Three-Month High on Demand Strength, Trade Hopes [Reuters] White House adviser Navarro walks back on comments China trade deal 'over' [...]

June 22nd, 2020|Daily Commentary|

Monday, June 22, 2020

[Yahoo/Bloomberg] U.S. Stocks Rise as Investors Assess Virus Count [Reuters] Global stocks shrug off fresh virus wave fears, dollar slips [Yahoo/Bloomberg] Gold Drives Toward Highest Since 2012 on Virus Resurgence Concern [CNBC] Coronavirus live updates: [...]

June 21st, 2020|Daily Commentary|

Sunday, June 21, 2020

[CNBC] U.S. banks are ‘swimming in money’ as deposits increase by $2 trillion amid the coronavirus [Reuters] Inflation dog may finally bark, investors bet [Reuters] Brazil just shy of 50,000 coronavirus deaths, over 1 million [...]

June 21st, 2020|Daily Commentary|

Saturday, June 20, 2020

[Reuters] Trump delights supporters, alarms health officials with Tulsa rally [Reuters] Wall Street Week Ahead: Healthcare to get growth bump in COVID-19 influenced Russell remake [Yahoo/Bloomberg] Oil Companies Shutting Off Drilling Rigs Across U.S. Shale [...]

June 20th, 2020|Daily Commentary|

Friday, June 19, 2020

[Reuters] Wall Street Rises on recovery optimism [Reuters] Running on 'hopium': Explaining the market rally in Wall Street's terms [Yahoo/Bloomberg] Quadruple Witching Set to Add Fuel to Month of Stock Turbulence [CNBC] Coronavirus live updates: [...]

June 18th, 2020|Daily Commentary|

Thursday, June 18, 2020

[Yahoo/Bloomberg] U.S. Stocks Decline; Treasuries Rise: Markets Wrap [Reuters] World stocks drift lower as second wave virus fears mount [Reuters] Coronavirus second wave fears boost yen; Aussie dollar falls after data [Reuters] U.S. weekly jobless [...]

June 17th, 2020|Daily Commentary|

Wednesday, June 17, 2020

[Reuters] Stocks grind higher on recovery hopes [Reuters] Dollar regains ground as investors take refuge from murky outlook [CNBC] Homebuyer mortgage demand spikes to 11-year high, as rates hit another record low [MarketWatch] Housing starts [...]

June 16th, 2020|Daily Commentary|

Tuesday, June 16, 2020

[Reuters] Stocks jump on stimulus hopes ahead of retail sales report [Yahoo/Bloomberg] Global Stock Rally Returns on Fresh Stimulus Hopes: Markets Wrap [Reuters] Stimulus splurge restarts stocks rally [AP] US retail sales up a record [...]

June 15th, 2020|Daily Commentary|

Monday, June 15, 2020

[Yahoo/Bloomberg] U.S. Stocks Drop, Bonds Up on Second-Wave Worries: Markets Wrap [Reuters] Stocks, oil under pressure amid fears of second wave of pandemic [Reuters] Aussie, kiwi, and yuan fall on worries about second wave of [...]

June 14th, 2020|Daily Commentary|

Sunday, June 14, 2020

[Yahoo/Bloomberg] Millions of Jobs Could Be Permanently Lost in Reallocation Shock [Yahoo/Bloomberg] Bond Traders Grasp Grim Reality of Economy’s Long Recovery Slog [Yahoo] Stocks of bankrupt companies going bananas despite companies being broke [Yahoo/Bloomberg] Kuwait [...]

June 14th, 2020|Daily Commentary|

Saturday, June 13, 2020

[Reuters] U.S.'s Pompeo to meet China's top diplomat in Hawaii seeking to ease tensions: media [Yahoo/Bloomberg] Fed Warns of Significant Financial-Sector Vulnerabilities [Yahoo/Bloomberg] Robinhood Market Made Bursting Bubbles Wall Street’s Obsession [Yahoo/Bloomberg] Renaissance Technologies Posts [...]

June 13th, 2020|Daily Commentary|

Friday, June 12, 2020

[Yahoo/Bloomberg] U.S. Stocks Bounce Back; Treasuries Decline: Markets Wrap [Reuters] World shares stem losses, oil gains as fresh lockdown fears fade [Yahoo/Bloomberg] Oil Set for First Weekly Drop Since April on Second-Wave Fears [Reuters] U.S. [...]

June 11th, 2020|Daily Commentary|

Thursday, June 11, 2020

[CNBC] Stocks plunge at the open on virus second wave concern [Reuters] Stocks spooked, bonds rally on downbeat Fed [Reuters] Oil prices hit by record U.S. crude inventories, bearish Fed [AP] 1.5 million more [...]

June 10th, 2020|Daily Commentary|

Wednesday, June 10, 2020

[CNBC] Stocks rise ahead of Federal Reserve update, tech shares set for more gains [Reuters] Dollar hits three-month lows amid Fed easing speculation [Reuters] U.S. consumer prices fall for third straight month [CNBC] Mortgage demand [...]

June 9th, 2020|Daily Commentary|

Tuesday, June 9, 2020

[Reuters] Stocks fall as recovery rally pauses ahead of Fed meeting [Reuters] Europe turns red as bulls run out of charge [Yahoo/Bloomberg] Gold Advances Before Fed Meeting as Global Risk Rally Stalls [Reuters] Oil down [...]

June 8th, 2020|Daily Commentary|

Monday, June 8, 2020

[Reuters] Stocks rise on optimism over economic revival [Reuters] World shares advance on surprise U.S. job recovery, oil steadies [Yahoo/Bloomberg] Oil Erases Gains With Saudis Saying Extra Cuts for a Month Only [CNBC] Coronavirus live [...]

June 7th, 2020|Daily Commentary|

Sunday, June 7, 2020

[Yahoo/Bloomberg] Powell Takes Center Stage at a Bleak Moment for the U.S.: Eco Week Ahead [Reuters] Black Lives Matter protests for U.S. racial justice reach new dimension [Reuters] China May exports slip back into contraction, [...]

June 7th, 2020|Daily Commentary|

Saturday, June 6, 2020

[Reuters] OPEC, Russia to extend record oil cuts to end of July [The Hill] Huge protest expected in DC amid escalating scrutiny of police tactics [Reuters] Wall Street Week Ahead: Bond investors look for Fed [...]

June 6th, 2020|Daily Commentary|

Friday, June 5, 2020

[Reuters] Wall Street higher on surprise drop in unemployment rate [CNBC] 10-year Treasury yield surges above 0.9% after better-than-expected jobs report [Yahoo/Bloomberg] Oil Rallies With Strong Jobs Data Adding to OPEC+ Cut Optimism [CNBC] May [...]

June 4th, 2020|Daily Commentary|

Thursday, June 4, 2020

[Reuters] S&P, Nasdaq lower after four-day rally [Reuters] Global Markets - ECB's super stimulus salvo sends stocks, euro higher [Reuters] U.S. new weekly jobless claims drop below 2 million [Yahoo/Bloomberg] ECB Unveils Bigger-Than-Expected Boost to [...]

June 3rd, 2020|Daily Commentary|

Wednesday, June 3, 2020

[Yahoo/Bloomberg] Stocks Prolong Rally; Dollar Weakens to March Low: Markets Wrap [Reuters] Global shares hit three-month highs on economic recovery hopes [Reuters] Euro set for seventh day of gains, dollar loses to riskier assets [CNBC] [...]

June 2nd, 2020|Daily Commentary|

Tuesday, June 2, 2020

[Reuters] Wall St. higher on prospects of economic recovery [Reuters] Global shares cruise to three-month highs, dollar shows the strain [Reuters] Oil prices rise ahead of OPEC+ meeting on output cuts [Reuters] Five police shot [...]

June 1st, 2020|Daily Commentary|

Monday, June 1, 2020

[CNBC] Stocks are slightly lower to begin June as Wall Street aims for third straight monthly advance [Reuters] Global stocks buoyant, dollar slips as economies start to unlock [Reuters] Trump, attorney general to meet as [...]

May 31st, 2020|Daily Commentary|

Sunday, May 31, 2020

[AP] ‘We’re sick of it’: Anger over police killings shatters US [AP] Massive US protests raise fears of new virus outbreaks [CNN] Protesters break curfew on another night of fury and frustrations over George Floyd's [...]

May 31st, 2020|Daily Commentary|

Saturday, May 30, 2020

[CNBC] Protests and rioting erupt in cities across the U.S. as anger boils after the killing of George Floyd [AP] Trump strikes China over virus, Hong Kong and student visas [Reuters] Trump administration to study [...]

May 30th, 2020|Daily Commentary|

Friday, May 29, 2020

[Reuters] Stocks slip as investors await Trump's Hong Kong response [AP] US consumer spending sinks by record 13.6% in face of virus [Reuters] U.S. consumer spending tumbles in April [CNBC] Trump’s China press conference could [...]

May 28th, 2020|Daily Commentary|

Thursday, May 28, 2020

[MarketWatch] Stocks edge higher after Dow retakes 25,000 even as jobless toll tops 40 million [Reuters] Europe cheers super-sized stimulus plan, U.S.-China tensions simmer [Yahoo/Bloomberg] China Arrests Yuan Tumble With Stronger-Than-Expected Fixing [Reuters] Oil falls [...]

May 27th, 2020|Daily Commentary|

Wednesday, May 27, 2020

[Reuters] Wall Street higher on recovery optimism [Yahoo/Bloomberg] China’s Sliding Yuan Leaves Offshore Rate on Brink of Record Low [Reuters] Dollar gains and yuan hits nine-month low as U.S.-China tensions return [MarketWatch] Treasury yields rise [...]

May 26th, 2020|Daily Commentary|

Tuesday, May 26, 2020

[Reuters] S&P 500 surges on recovery, vaccine hopes [Reuters] Europe's travel sector soars, S&P 500 to break 3000 barrier [Reuters] Oil prices climb as faith in supply cuts grows [CNBC] Coronavirus live updates: Gottlieb sees [...]

May 25th, 2020|Daily Commentary|

Monday, May 25, 2020

[Yahoo/Bloomberg] Europe Stocks Climb With U.S. Futures; Dollar Flat: Markets Wrap [Reuters] Stocks gain as German survey fuels optimism; dollar firm [Reuters] China lowers yuan midpoint to weakest since 2008 global financial crisis [Reuters] Dollar [...]

May 24th, 2020|Daily Commentary|

Sunday, May 24, 2020

[CNBC] Coronavirus live updates: Airlines, federal agencies add new procedures for summer air travel [Reuters] Hong Kong police fire tear gas as thousands protest security law [Reuters] China's new Hong Kong laws a 'flagrant breach' [...]

May 24th, 2020|Daily Commentary|

Saturday, May 23, 2020

[Reuters] Wall Street Week Ahead: Investors look beyond drug makers as hunt for COVID-19 treatment heats up [CNBC] Coronavirus live updates: Protests break out in Spain against lockdowns; US cases top 1.6 million [Reuters] Hertz [...]

May 23rd, 2020|Daily Commentary|

Friday, May 22, 2020

[Reuters] Hong Kong tensions unnerve world stocks, oil tumbles [CNBC] Hong Kong plunges more than 5% as Beijing plans to impose new security laws [Reuters] Oil drops 5% on China-U.S. tensions, demand doubts [Reuters] New [...]

May 21st, 2020|Daily Commentary|

Thursday, May 21, 2020

[Reuters] Stocks retreat as trade tensions add to pandemic woes [Reuters] Shares lose footing, oil marches on [Reuters] Oil at highest since March on lower U.S. inventories, recovering demand [CNBC] Weekly jobless claims rose 2.438 [...]

May 20th, 2020|Daily Commentary|

Wednesday, May 20, 2020

[Reuters] Stocks jump as investors hold out for recovery [Reuters] Gold gains as bleak economic outlook stokes safe-haven demand [Reuters] Oil up on lower U.S. stocks, firmer demand [CNBC] Weekly mortgage applications point to a [...]

May 19th, 2020|Daily Commentary|

Tuesday, May 19, 2020

[Yahoo/Bloomberg] U.S. Stocks Fluctuate; Crude Oil Edges Higher: Markets Wrap [Reuters] Euro, Italian bonds cheer EU recovery fund plan [Reuters] Powell, Mnuchin to face Senate grilling on U.S. coronavirus response [CNBC[ U.S. housing starts drop [...]

May 18th, 2020|Daily Commentary|

Monday, May 18, 2020

[Reuters] Wall Street jumps on stimulus, vaccine hopes [Reuters] Oil and European shares rise as lockdowns ease; gold jumps [Yahoo/Bloomberg] Gold Climbs to 7-Year High After Fed’s Stocks, Growth Warnings [CNBC] Oil jumps 9% to [...]

May 17th, 2020|Daily Commentary|

Sunday, May 17, 2020

[AP] China warns US of ‘all necessary measures’ over Huawei rules [Reuters] A month after negative oil prices, U.S. crude contract expiry looms [Reuters] China says opposed to latest U.S. rules against Huawei [CNBC] Coronavirus [...]

May 17th, 2020|Daily Commentary|

Saturday, May 16, 2020

[Reuters] Wall Street Week Ahead: Investors prepare for more U.S. stock swings as states reopen [Reuters] China asks United States to stop 'unreasonable suppression' of Huawei [CNBC] Coronavirus live updates: Trump plans to restore a [...]

May 16th, 2020|Daily Commentary|

Friday, May 15, 2020

[Yahoo/Bloomberg] U.S. Stocks Slide on Rising Trade Concern: Markets Wrap [Yahoo/Bloomberg] Investors Flee Risk on U.S.-China Row, Powell Warning [Reuters] Oil back at early April highs as demand shows signs of picking up [Reuters] Coronavirus [...]

May 14th, 2020|Daily Commentary|

Thursday, May 14, 2020

[Reuters] Stocks drop for third day as recovery hopes falter [Reuters] Oil prices rise on dip in U.S. crude stockpiles, IEA data [CNBC] US weekly jobless claims rise 2.981 million, vs 2.7 million expected [AP] [...]

May 13th, 2020|Daily Commentary|

Wednesday, May 13, 2020

[Reuters] Stocks turn negative as Fed's Powell warns of prolonged recession [Yahoo/Bloomberg] Oil Near Five-Week High as Saudi, Russia See Demand Recovering [CNBC] Powell says more policy help may be needed to pull the US [...]

May 12th, 2020|Daily Commentary|

Tuesday, May 12, 2020

[Reuters] Stocks rally falters as virus and trade nerves linger [Reuters] Dollar clings on to gains on fears of new COVID-19 cases, U.S.-Sino tensions [Reuters] Oil prices climb as Saudi Arabia pledges further production cut [...]

May 11th, 2020|Daily Commentary|

Monday, May 11, 2020

[Reuters] Stocks lower on fears of another wave of virus infections [Yahoo/Bloomberg] European Stocks Erase Earlier Gains as Oil Sinks Energy Shares [CNBC] China under pressure to write off loans as countries struggle to repay [...]

May 10th, 2020|Daily Commentary|

Sunday, May 10, 2020

[Reuters] Wall Street Week Ahead: U.S. data deluge to underscore divide between [CNBC] Coronavirus live updates: Trump administration set to have glut of ventilators in July [Reuters] China central bank to step up counter-cyclical [...]

May 10th, 2020|Daily Commentary|

Saturday, May 9, 2020

[CNBC] Coronavirus live updates: New jobs emerge from the pandemic; Amazon and sellers struggle to adapt [Reuters] No 'V'-shape return from devastating U.S. job loss, Fed policymakers say [Reuters] Explainer: Fed funds futures market sees [...]

May 9th, 2020|Daily Commentary|

Friday, May 8, 2020

[Reuters] Stocks boosted to weekly highs as risk appetite improves [Reuters] Oil heads for another weekly gain on demand hopes and shut-ins [CNBC] A record 20.5 million jobs were lost in April as unemployment rate [...]

May 7th, 2020|Daily Commentary|

Thursday, May 7, 2020

[Reuters] Wall Street jumps as China data fuels recovery hopes [Reuters] Stocks cheer China trade relief, bonds face debt deluge [Reuters] Oil jumps on China export bounce, longer term outlook weak [Reuters] Brazil's real hits [...]

May 6th, 2020|Daily Commentary|

Wednesday, May 6, 2020

[CNBC] Stocks rise as investors bet on the economy reopening [Reuters] Euro falls amid worries about ECB bond-buying  [CNBC] US private payrolls drop by 20.2 million in April, the worst job loss in the history [...]

May 5th, 2020|Daily Commentary|

Tuesday, May 5, 2020

[Reuters] Stocks climb on oil gains, easing of lockdowns [Reuters] Oil spurt lifts stocks out of three-day losing streak [Reuters] Euro drops after German court ruling fuels uncertainty [Reuters] Oil prices extend gains on demand [...]

May 4th, 2020|Daily Commentary|

Monday, May 4, 2020

[Reuters] Wall St returns to losses as Buffett dumps airlines, China tensions flare [Reuters] Global stocks fall as U.S.-China tensions threaten rebound [Reuters] Oil falls on renewed U.S.-China tensions, global glut [CNBC] Coronavirus live updates: [...]

May 3rd, 2020|Daily Commentary|

Sunday, May 3, 2020

[CNBC] Coronavirus live updates: Vietnam reports first case in nine days, Roche to double antibody test production [Yahoo/Bloomberg] Fears Mount About Inflation Returning With a Vengeance [AP] Many lockdowns ease but Russia, India, UK still [...]

May 3rd, 2020|Daily Commentary|

Saturday, May 2, 2020

[CNBC] Coronavirus live updates: Protesters demand states reopen businesses and ease restrictions as US cases top 1.1 million [Reuters] Wall Street Week Ahead: Stocks face test as reopenings could fuel demand - or more coronavirus [...]

May 2nd, 2020|Daily Commentary|

Friday, May 1, 2020

[Reuters] Stocks fall further after Trump's China tariff threat [Reuters] Chinese yuan falls on U.S. tariff threat, Australian dollar sinks [Reuters] Oil rises towards $27 as OPEC+ begins record cut [Reuters] Trump threatens new tariffs [...]

April 30th, 2020|Daily Commentary|

Thursday, April 30, 2020

[Reuters] Wall Street slides after jobless claims data [Reuters] Oil prices rise on some signs of pick up in fuel demand [CNBC] US weekly jobless claims hit 3.84 million, topping 30 million over the last [...]

April 29th, 2020|Daily Commentary|

Wednesday, April 29, 2020

[Reuters] Shares up as economies look to reopen [Reuters] Oil prices rise after smaller than feared U.S. inventories build [CNBC] US GDP shrank 4.8% in the first quarter amid biggest contraction since the financial crisis [...]

April 28th, 2020|Daily Commentary|

Tuesday, April 28, 2020

[CNBC] Stocks add to Monday’s gains with Dow futures up more than 300 points [CNBC] Oil drops 12% on storage capacity fears and weak demand, futures were down as much as 20% [CNBC] Coronavirus live [...]

April 27th, 2020|Daily Commentary|

Monday, April 27, 2020

[Reuters] Shares jump as investors cheer lockdown easing, more stimulus [Reuters] Oil prices skid on oversupply, storage concerns [Reuters] U.S. dollar falls as lockdowns ease and traders turn less averse to risk [Reuters] Italian government [...]

April 26th, 2020|Daily Commentary|

Sunday, April 26, 2020

[Reuters] U.S. response to virus splinters into acrimony and uncertainty [CNBC] Coronavirus live updates: China says all Wuhan patients have been discharged, Russia cases top 80,000 [Yahoo/Bloomberg] World’s Biggest Central Banks Meet as Pressure Mounts [...]

April 26th, 2020|Daily Commentary|

Saturday, April 25, 2020

[Reuters] U.S. deficit could quadruple to $3.7 trillion in coronavirus crisis: CBO [CNBC] Trump pulls punches and clings to his China trade deal as backlash against Beijing grows [CNBC] Coronavirus live updates: WHO warns [...]

April 25th, 2020|Daily Commentary|

April 24, 2020: Fault Lines

Now on a weekly basis, we’re witnessing things that couldn’t happen – actually happen. April 20 – Bloomberg (Catherine Ngai, Olivia Raimonde, and Alex Longley): “Of all the wild, unprecedented swings in financial markets since [...]

April 24th, 2020|Weekly Commentary|

Friday, April 24, 2020

[Reuters] Wall Street higher on signs of lockdown easing [Reuters] Global stocks fall on worries over EU stimulus details, coronavirus drug [Reuters] Oil heads for steep weekly slide after coronavirus turmoil [CNBC] Coronavirus live updates: [...]

April 23rd, 2020|Daily Commentary|

Thursday, April 23, 2020

[Reuters] Markets brush off ugly data, pin hopes on stimulus [CNBC] Oil jumps 21%, extending Wednesday’s rally as traders bet on US production cuts [CNBC] US weekly jobless claims hit 4.4 million, bringing 5-week total [...]

April 22nd, 2020|Daily Commentary|

Wednesday, April 22, 2020

[Reuters] Oil pinballs off 1999 lows, stocks clamber higher [Reuters] Oil jumps 12%, reversing steep losses after volatile overnight session [Reuters] Italian bond yields rise on coronavirus funding uncertainty [Reuters] Dollar holds gains as oil [...]

April 21st, 2020|Daily Commentary|

Tuesday, April 21, 2020

[Reuters] Stocks slide as sub-zero U.S. crude adds to pandemic jitters [CNBC] Oil continues unprecedented sell-off: June futures drop 20%, May contract still has a negative price [Reuters] Dollar resumes ascent as oil and North [...]

April 20th, 2020|Daily Commentary|

Monday, April 20, 2020

[Reuters] U.S. crude gets crushed, share markets turn cautious [CNBC] Oil futures contract expiring Tuesday dives 38% as pandemic ravages demand, June contract falls 11% [CNBC] US oil prices on pace for their worst day [...]

April 19th, 2020|Daily Commentary|

Sunday, April 19, 2020

[Reuters] Pelosi says 'very close' to coronavirus funding deal [CNBC] Coronavirus live updates: Pelosi says lawmakers are ‘very close’ to new rescue funding deal as US cases top 735,000 [MSN/Washington Post] Record government and corporate [...]

April 19th, 2020|Daily Commentary|

Saturday, April 18, 2020

[Reuters] Wall Street Week Ahead: In companies' earnings, words may matter more than numbers [CNBC] Coronavirus live updates: Stocks rally on hopes for a breakthrough, nations debate easing lockdown [Yahoo/Bloomberg] Nothing Is Certain But Bailouts: [...]

April 18th, 2020|Daily Commentary|

Friday, April 17, 2020

[Reuters] Super-charged global stocks race towards second weekly gain [Reuters] Oil rises as Trump plans to ease lockdown [Reuters] Trump to release guidelines for phased-in re-opening of U.S. economy [Reuters] China's first-quarter GDP posts first [...]

April 16th, 2020|Daily Commentary|

Thursday, April 16, 2020

[Reuters] Stocks head for higher ground, oil stuck in a rut [CNBC] Jobless claims total 5.245 million as 22 million positions have been lost in a month due to coronavirus [CNBC] US housing starts plunge [...]

April 15th, 2020|Daily Commentary|

Wednesday, April 15, 2020

[CNBC] Dow falls 600 points as coronavirus shutdown slams economy, bank earnings [Reuters] Global shares dip as dire warnings for global economy weigh [Reuters] Oil falls 4% on oversupply concerns [CNBC] Coronavirus delivers record blow [...]

April 14th, 2020|Daily Commentary|

Tuesday, April 14, 2020

[Reuters] Global stocks gain on China trade data, easing pandemic worries [Reuters] Oil slips as producer cuts fail to banish demand fears [Reuters] U.S. deficit to soar to record $3.8 trillion in 2020, budget watchdog [...]

April 13th, 2020|Daily Commentary|

Monday, April 13, 2020

[AP] Shares fall, oil loses earlier gains following OPEC deal [Reuters] Oil prices broadly shrug off output cut as demand worries weigh [CNBC] Coronavirus live updates: China’s new cases rise above 100, Singapore reports 233 [...]

April 12th, 2020|Daily Commentary|

Sunday, April 12, 2020

[Reuters] OPEC, allies to confer on Sunday to try to end standoff over cuts plan: sources [Reuters] British PM Johnson discharged from hospital after coronavirus treatment [CNBC] Coronavirus live updates: Fauci expresses ‘cautious optimism’ US [...]

April 12th, 2020|Daily Commentary|

Saturday, April 11, 2020

[Reuters] UK PM making very good progress in COVID-19 recovery, office says [Reuters] Congressional Republicans demand quick action on new coronavirus business relief [CNBC] Coronavirus live updates: Italy to set up ‘immunity passports,’ outbreak swamps [...]

April 11th, 2020|Daily Commentary|

Friday, April 10, 2020

[AP] Asian shares steady after Wall St caps best week since 1974 [Reuters] Dollar heads for weekly loss on Fed move, easing virus fears [Reuters] U.S. consumer prices decline in March [Reuters] UK PM Johnson [...]

April 9th, 2020|Daily Commentary|

Thursday, April 9, 2020

[Reuters] Stocks higher after Fed stimulus, jobless claims data [Reuters] Global stocks gain on hopes pandemic is nearing peak [Reuters] Oil prices rise on hopes OPEC+ will agree supply cuts [CNBC] Federal Reserve unveils details [...]

April 8th, 2020|Daily Commentary|

Wednesday, April 8, 2020

[Reuters] Stocks edge higher as Trump suggests U.S. outbreak nearing peak [AP] Global shares mostly lower amid worries on pandemic toll [Reuters] Dollar creeps higher as virus worries return [Reuters] Oil prices jump on hopes [...]

April 7th, 2020|Daily Commentary|

Tuesday, April 7, 2020

[Reuters] Stocks surge on early signs of coronavirus slowdown in hot spots [Reuters] Coronavirus hopes propel stocks, euro higher [Reuters] Oil gains as hopes rise for production cut amid coronavirus outbreak [CNBC] Coronavirus live updates: [...]

April 6th, 2020|Daily Commentary|

Monday, April 6, 2020

[Reuters] Stocks jump on virus hopes, oil hit by OPEC+ delay [MarketWatch] Gold rises, aims for highest close in nearly a month [Reuters] Oil edges down after Saudi Arabia, Russia delay meeting [Reuters] Trump open [...]

April 5th, 2020|Daily Commentary|

Sunday, April 5, 2020

[CNBC] Coronavirus live updates: New York braces for worst week yet as cases continue to rise [AP] U.S. ‘wasted’ months before preparing for virus pandemic [AP] 'Complete collapse of economies' ahead as Africa faces virus [...]

April 5th, 2020|Daily Commentary|

Saturday, April 4, 2020

[Reuters] OPEC+ emergency meeting likely to be postponed to April 8 or 9: OPEC sources [Reuters] Trump aims to ease U.S. oil industry's cash crunch, no plan to trim output: sources [AP] Saudi Arabia [...]

April 4th, 2020|Daily Commentary|

Friday, April 3, 2020

[Reuters] Stocks fall as business signals hit from pandemic, oil grinds higher [Yahoo/Bloomberg] Oil Surges as Producers Eye 10 Million Barrel a Day Output Cut [CNBC] US payrolls drop 701,000 in March, the first jobs [...]

April 2nd, 2020|Daily Commentary|

Thursday, April 2, 2020

[Reuters] Stocks drift as wary investors expect grim U.S. jobs data [Reuters] Dollar maintains gains after weeks of rallying [CNBC] Oil rallies 10% after Trump says he expects Saudi Arabia-Russia feud to end soon [MarketWatch] [...]

April 1st, 2020|Daily Commentary|

Wednesday, April 1, 2020

[CNBC] Dow falls more than 800 points after market posts worst first quarter on record [AP] Global stock markets skid as coronavirus infections soar [Reuters] Oil prices mixed, U.S. inventory build-up heightens oversupply concerns [CNBC] [...]

March 31st, 2020|Daily Commentary|

Tuesday, March 31, 2020

[CNBC] Stocks fall more than 1% as the Dow heads for its worst first quarter ever [Reuters] Stocks end worst quarter since 2008 with small recovery [Reuters] Dollar surges on quarter-end flows; outlook robust [Reuters] [...]

March 30th, 2020|Daily Commentary|

Monday, March 30, 2020

[CNBC] Stocks continue their rebound from last week as coronavirus measures extended [Reuters] Oil plunges to 2002 lows, shares sink again [Reuters] U.S. crude dips below $20 as lockdowns wipe out demand [Reuters] Dollar, yen [...]

March 29th, 2020|Daily Commentary|

Sunday, March 29, 2020

[CNBC] Coronavirus live updates: States ramp up testing, Gov. Phil Murphy responds to CDC’s tri-state area travel advisory [Reuters] Worry, problems and strife: Investors fear markets not out of woods despite big rally [Reuters] Pence [...]

March 29th, 2020|Daily Commentary|

Saturday, March 28, 2020

[CNBC] Coronavirus live updates: Some find lenders’ ‘relief’ misleading, farmers and police hit by virus [CNBC] Trump pushes back against congressional oversight for $500 billion bailout fund [Reuters] As virus threatens, U.S. embraces big government, [...]

March 28th, 2020|Daily Commentary|

Friday, March 27, 2020

[Reuters] Stocks fall after three-day surge as virus fears grow [Reuters] European shares fall as investors take stock of spreading virus [Reuters] Oil mixed on stimulus hopes and demands fears [Reuters] British PM Boris Johnson [...]

March 26th, 2020|Daily Commentary|

Thursday, March 26, 2020

[Reuters] Stocks slip as U.S. jobs angst outweighs $2 trillion stimulus [CNBC] Japan shares drop more than 4% as investors await jobless claims data stateside [Reuters] Oil prices mixed as demand shrinks, but stimulus hopes [...]

March 25th, 2020|Daily Commentary|

Wednesday, March 25, 2020

[Reuters] Stocks rebound passes 10% after $2 trillion U.S. stimulus boost [Reuters] U.S. Congress, negotiators reach deal on $2-trillion coronavirus aid package [CNBC] Coronavirus live updates: Prince Charles tests positive, Target withdraws forecast [Reuters] Coronavirus [...]

March 24th, 2020|Daily Commentary|

Tuesday, March 24, 2020

[Reuters] S&P hits upper trading limit after another brutal session [MarketWatch] Gold prices extend rally, surge by most in 11 years amid tight supplies and regime of limitless stimulus [CNBC] Oil prices rise as US [...]

March 23rd, 2020|Daily Commentary|

Monday, March 23, 2020

[CNBC] Stock futures surge into the green after being ‘limit down’ overnight as Fed announces limitless asset purchases [Reuters] Stocks crumble as more nations shut for business to curb virus [Reuters] Oil reverses losses, [...]

March 22nd, 2020|Daily Commentary|

Sunday, March 22, 2020

[Reuters] Virus aid bill includes $3,000 for families, $4 trillion liquidity for Fed: Mnuchin [CNBC] Congress is working on a massive coronavirus relief package — it might not be enough for businesses [CNBC] Fed’s Bullard: [...]

March 22nd, 2020|Daily Commentary|

Saturday, March 21, 2020

[Reuters] U.S. seeks comments on tariff cuts for Chinese imports to aid coronavirus battle [CNBC] Coronavirus live updates: US hospitals seek $100 billion in aid, Spain death toll tops 1,300 [AP] Congress toils on $1 [...]

March 21st, 2020|Daily Commentary|

Friday, March 20, 2020

[Reuters] Wall Street gains at the end of blistering week [Reuters] Markets gain as central banks, governments pour in cash [Reuters] Euro zone bond yields tumble as risk sentiment picks up [AP] Trump’s team, senators [...]

March 19th, 2020|Daily Commentary|

Thursday, March 19, 2020

[Reuters] Stocks fall again as recession fears rage on [Reuters] Dollar rules; ECB stimulus boosts bonds [Reuters] Credit markets flash red as coronavirus hits corporate America [Reuters] Oil jumps after three-day slump but virus and [...]

March 18th, 2020|Daily Commentary|

Wednesday, March 18, 2020

[Reuters] Stocks, oil sliding again in 'irrevocably changed' markets [Reuters] Italian bond yields jump, central bank intervention brings some calm [Reuters] U.S. crude hits 17-year low as lockdowns, restrictions spread [Reuters] Dollar rockets to three-year [...]

March 17th, 2020|Daily Commentary|

Tuesday, March 17, 2020

[Reuters] Stocks higher after Wall Street's steepest plunge since 1987 [Reuters] German Bund yields reach one-month high, French, Spanish sell-off continues [Reuters] Asian stocks fall in volatile session after historic Wall St. plunge [Reuters] Oil [...]

March 16th, 2020|Daily Commentary|

Monday, March 16, 2020

[CNBC] S&P 500 drops 8%, triggers ‘circuit breaker’ trading halt even after the Fed cuts rates [Reuters] Stocks pounded as Fed's aggressive rate cut fans recession fears [Reuters] Brent falls 10%, WTI below $30 as [...]

March 15th, 2020|Daily Commentary|

Sunday, March 15, 2020

[Reuters] The plumbing behind world's financial markets is creaking. Loudly [Reuters] Haven assets losing their mojo in virus-stricken market [Reuters] Wall St Week Ahead-Investors hope Fed can help calm markets as big rate cut expected [...]

March 15th, 2020|Daily Commentary|

Saturday, March 14, 2020

[Reuters] Wall Street weekahead: Investors hope Fed can help calm markets as big rate cut expected [Reuters] World closes borders, restricts travel to contain coronavirus spread [CNBC] Coronavirus live updates: Hospitals cancel elective surgeries, small [...]

March 14th, 2020|Daily Commentary|

Friday, March 13, 2020

[Reuters] Stocks bounce back after pandemic-driven carnage [Reuters] World stocks rise on spending hopes, still  [Reuters] Nikkei plunges as much as 10% as market panic deepens; REITs pounded [Reuters] Oil prices set for biggest weekly [...]

March 12th, 2020|Daily Commentary|

Thursday, March 12, 2020

[Reuters] Stocks plummet after Trump bans travel from Europe to contain coronavirus blow [Reuters] Oil falls 7% as Trump surprises with travel ban [Reuters] Corporate credit risk heightens as coronavirus impact spreads [Reuters] Bitcoin plummets [...]

March 11th, 2020|Daily Commentary|

Wednesday, March 11, 2020

[Reuters] Stocks wilt on growing doubts about U.S. virus response [Reuters] Dollar resumes descent against safe-haven currencies in volatile trade [Reuters] Oil falls $1 as price war escalates with Saudi plan for higher output capacity [...]

March 10th, 2020|Daily Commentary|

Tuesday, March 10, 2020

[Reuters] Stocks rebound as stimulus hopes calm recession worries [Reuters] Stock markets and oil markets bounce after brutal flooring [Reuters] Oil jumps 10% after rout on stimulus hopes, Russian signal on OPEC talks [CNBC] Coronavirus [...]

March 9th, 2020|Daily Commentary|

Monday, March 9, 2020

[CNBC] Dow craters 2,000 points and S&P 500 down more than 7% after trading resumes [CNBC] 10-year Treasury yield hits new all-time low of 0.318% amid historic flight to bonds [Reuters] Oil prices plunge by [...]

March 8th, 2020|Daily Commentary|

Sunday, March 8, 2020

[Reuters] Mideast Stocks - Equity markets plunge after OPEC deal collapses [CNBC] Coronavirus live updates: Washington state weighs mandatory measures to contain outbreak [Reuters] Alarmed Italy locks down north to prevent spread of coronavirus [Reuters] [...]

March 8th, 2020|Daily Commentary|

Saturday, March 7, 2020

[AP] Plunging yields force investors and Fed to rethink strategy [CNBC] Coronavirus live updates: Pope cancels major public appearances as cases surge in Europe [Reuters] China January-February exports tumble, imports slow as coronavirus batters trade [...]

March 7th, 2020|Daily Commentary|

Friday, March 6, 2020

[Reuters] Stocks tank as virus fears spur flight to safety [Reuters] World stocks succumb to virus fears, Treasury yields hit record lows [CNBC] 10-year Treasury yield hits all-time low under 0.7% as flight to bonds [...]

March 5th, 2020|Daily Commentary|

Thursday, March 5, 2020

[Reuters] Stocks plunge on virus fears as California declares emergency [Reuters] Oil rises as OPEC backs deeper supply cuts [AP] US productivity increases at 1.2% rate in fourth quarter [CNBC] Coronavirus live updates: South Africa [...]

March 4th, 2020|Daily Commentary|

Wednesday, March 4, 2020

[Reuters] Stocks surge after Biden's resurgence in Democratic primaries [Reuters] Oil rises $1 as OPEC, allies work on big output cut [CNBC] Coronavirus live updates: Italy weighs school closures, Chinese scientists find two strains of [...]

March 3rd, 2020|Daily Commentary|

Tuesday, March 3, 2020

[Reuters] Global shares extend rebound on hopes of G7 support [Reuters] Oil extends gains on expectations for coordinated effort to offset coronavirus impact [Reuters] Yen, franc rise as coronavirus uncertainty outweigh stimulus hopes [CNBC] G-7 [...]

March 2nd, 2020|Daily Commentary|

Monday, March 2, 2020

[Reuters] Stocks cling to stimulus hopes, Treasuries slide towards 1% [Reuters] Oil up as hopes of OPEC cut, stimulus counter virus gloom [CNBC] Coronavirus live updates: First case confirmed in New York City, Europe raises [...]

March 1st, 2020|Daily Commentary|

Sunday, March 1, 2020

[K5News] Over 50 people at Kirkland nursing facility undergoing testing for coronavirus [Reuters] South Korea closes churches as coronavirus tally passes 3,500 [Reuters] Coronavirus weighs on South Korea February trade; ministry says worse to come [...]

March 1st, 2020|Daily Commentary|

Saturday, February 29, 2020

[Reuters] China data portends more punishment for bruised stock markets [Reuters] China February factory activity contracts at record pace as coronavirus bites [CNBC] Coronavirus live updates: France bans large gatherings, cancels Paris half-marathon as outbreak [...]

February 29th, 2020|Daily Commentary|

Friday, February 28, 2020

[Reuters] Stocks plunge on coronavirus fears even as U.S. ramps up fight against spread [CNBC] 10-year Treasury yield collapses to another record low of 1.16%, 2-year rate tumbles below 1% [Reuters] Yen soars as investors [...]

February 27th, 2020|Daily Commentary|

Thursday, February 27, 2020

[Reuters] Stocks slump on alarm over fast-spreading virus [Reuters] U.S. Treasury yields continue fall; yield on 10-year notes hits new record low [Reuters] Asian stocks slide deeper as pandemic fears grow [Reuters] Oil falls for [...]

February 26th, 2020|Daily Commentary|

Wednesday, February 26, 2020

[Reuters] Stocks look for direction after four-day selloff [Reuters] Asian shares slump, bonds rally as virus fears grow [Reuters] Oil rises on short-covering despite growing fears over coronavirus [CNBC] Coronavirus live updates: Trump to hold [...]

February 25th, 2020|Daily Commentary|

Tuesday, February 25, 2020

[Reuters] Positive earnings boost stocks after Monday's selloff [Reuters] Global stocks sink further as virus fears weigh [Reuters] Oil falls for third day as virus concern outweigh supply cuts [CNBC] Home prices increase 3.8% in [...]

February 24th, 2020|Daily Commentary|

Monday, February 24, 2020

[Reuters] Stocks plummet as investors dump stocks on fears of pandemic [Reuters] European shares suffer worst day since 2016 as virus spreads [Reuters] Italian bond yields jump, German curve negative as coronavirus hits Italy [Reuters] [...]

February 23rd, 2020|Daily Commentary|

Sunday, February 23, 2020

[Reuters] Concern over coronavirus spread grows with cases jumping in South Korea, Italy and Iran [Reuters] China braces for inevitable big hit to economy from virus, says Xi [Reuters[ G20 finance heads wrap up meeting [...]

February 23rd, 2020|Daily Commentary|

Saturday, February 22, 2020

[CNBC] New coronavirus cases in Iran, Italy fuel concerns the disease cannot be contained [Reuters] New coronavirus cases fall in China but fears grow over global spread [Reuters] South Korea says coronavirus cases more [...]

February 22nd, 2020|Daily Commentary|

Friday, February 21, 2020

[Reuters] Wall Street falls again as coronavirus spreads beyond China [MarketWatch] 30-year Treasury bond yield breaks to all-time low as coronavirus fears lift havens [Reuters] Oil retreats in face of renewed coronavirus uncertainties [Reuters] Flight [...]

February 20th, 2020|Daily Commentary|

Thursday, February 20, 2020

[Reuters] Stocks dip as coronavirus cases outside China rise [Reuters] Dollar tramples yen and everything else in its path [Reuters] Yen's safe-haven status under siege as Japan's economy sputters [CNBC] Coronavirus live updates: US hospitals [...]

February 19th, 2020|Daily Commentary|

Wednesday, February 19, 2020

[Reuters] China stimulus hints, slowing spread of virus lift stocks [Reuters] Oil up on slowing pace of coronavirus, Venezuela sanctions [Reuters] U.S. housing starts fall; building permits near 13-year high [Reuters] U.S. producer prices post [...]

February 18th, 2020|Daily Commentary|

Tuesday, February 18, 2020

[Reuters] Apple hits stocks, euro near three-year low [CNBC] Apple shares slide after coronavirus guidance warning as its global suppliers are hammered [Reuters] Oil prices fall as market weighs coronavirus demand impact [Reuters] China regulator [...]

February 17th, 2020|Daily Commentary|

Monday, February 17, 2020

[Reuters] World shares inch up on Chinese support measures [CNBC] Chinese stocks up more than 2%, rest of Asia mixed as investors assess coronavirus impact [Reuters] Oil prices steady as coronavirus-related demand concerns weigh [Reuters] [...]

February 16th, 2020|Daily Commentary|

Sunday, February 16, 2020

[Reuters] Americans to fly home from coronavirus-hit cruise; China says new cases slow [CNBC] Coronavirus live updates: Taiwan confirms first death, US ship passenger infected with virus [Reuters] China finance minister says expects fiscal revenues [...]

February 16th, 2020|Daily Commentary|

Saturday, February 15, 2020

[Reuters] Trump administration eyes 10% middle-class tax cut proposal [Reuters] Xi says China must keep economic, social order while battling coronavirus [CNBC] Coronavirus live updates: State Department will evacuate Americans from cruise ship, first death [...]

February 15th, 2020|Daily Commentary|

Friday, February 14, 2020

[Reuters] Stocks climb to record on hopes of limited coronavirus economic hit [Reuters] Oil prices rise more than 1%, on course for weekly gain [CNBC] Consumer spending rose modestly in January as clothing store sales [...]

February 13th, 2020|Daily Commentary|

Thursday, February 12, 2020

[Reuters] Jump in coronavirus cases yanks rally into reverse [Reuters] Oil prices fall on bearish demand forecasts [CNBC] Coronavirus live updates: China’s Hubei reports 14,840 new cases, 242 additional deaths [Reuters] Coronavirus deaths, cases leap [...]

February 12th, 2020|Daily Commentary|

Wednesday, February 12, 2020

[Reuters] Investors charge back into stocks on signs coronavirus spread is slowing [Reuters] Oil jumps as slowdown in new China coronavirus cases eases fuel demand concerns [CNBC] Coronavirus live updates: China reports 97 additional deaths, [...]

February 11th, 2020|Daily Commentary|

Tuesday, February 11, 2020

[Reuters] Stocks reach record highs on hopes virus is peaking [Reuters] Oil rises from 13-month low as new virus cases slow [AP] Powell: Economy looks resilient despite risk of China virus [Reuters] Fed Chair Powell [...]

February 10th, 2020|Daily Commentary|

Monday, February 10, 2020

[Reuters] Wall Street subdued as investors weigh coronavirus risks [Reuters] Coronavirus uncertainty subdues global shares, dollar eases after rally [Reuters] Oil slips on weaker Chinese demand, traders await OPEC+ cuts [Reuters] Metals - Zinc sinks [...]

February 9th, 2020|Daily Commentary|

Sunday, February 9, 2020

[CNBC] Coronavirus live updates: China pledges $10 billion to fight outbreak, UK confirms fourth case [Reuters] Deaths from China's coronavirus outbreak surpass deaths from SARS [Yahoo/Bloomberg] Powell Testimony in Focus Amid Growing Virus Impact: Eco [...]

February 9th, 2020|Daily Commentary|

Saturday, February 8, 2020

[Reuters] American dies of coronavirus in China; Britons infected at French ski resort [CNBC] Coronavirus live updates: US citizen dies in Wuhan, Italy warns of significant economic impact [Reuters] China blocks Foxconn plan to restart [...]

February 8th, 2020|Daily Commentary|

Friday, February 7, 2020

[Reuters] Rally in stocks runs out of steam as coronavirus toll climbs [Reuters] Oil rises after Russia supports possible supply cuts as coronavirus spreads [Reuters] China's central bank says coronavirus outbreak could disrupt economy in [...]

February 6th, 2020|Daily Commentary|

Thursday, February 6, 2020

[Reuters] China tariff cut buoys stocks as investors look beyond virus [Reuters] Oil rises for a second day as OPEC+ weighs coronavirus action [CNBC] China to halve tariffs on hundreds of US goods worth about [...]

February 5th, 2020|Daily Commentary|

Wednesday, February 5, 2020

[Reuters] Stimulus hope, virus containment steps fuel renewed equity surge [Reuters] Oil jumps 3% on reports of effective coronavirus drug [CNBC] Private payrolls soar in January, the best monthly gain in nearly 5 years [Reuters] [...]

February 4th, 2020|Daily Commentary|

Tuesday, February 4, 2020

[Reuters] Global stocks, commodities firmer as virus fever abates [Reuters] Chinese markets, yuan claw back some lost ground after virus-led wipeout [Reuters] Oil prices rebound from China virus slump amid ginger recovery across markets [Reuters] [...]

February 3rd, 2020|Daily Commentary|

Monday, February 3, 2020

[Reuters] Global stocks hover near seven-week lows as virus fears hit China markets after holiday [Reuters] Virus fears wipe $393 billion off China's stock market despite government support moves [Reuters] China's yuan weakens but resilient [...]

February 2nd, 2020|Daily Commentary|

Sunday, February 2, 2020

[Reuters] China to inject $174 billion of liquidity on Monday as markets reopen [CNBC] Coronavirus live updates: White House studying economic impact, France evacuates citizens [AFP] China shuts down city of Wenzhou, far from virus [...]

February 2nd, 2020|Daily Commentary|

Saturday, February 1, 2020

[Reuters] Earnings volatility set to kick in as coronavirus worries mount [CNBC] Coronavirus live updates: Death toll passes 250, China cancels tariffs on US virus prevention products [CNBC] US companies suspend China operations, restrict travel [...]

February 1st, 2020|Daily Commentary|

Friday, January 31, 2020

[Reuters] Shares struggle for footing after virus-battered week [CNBC] Coronavirus live updates: US raises travel warning, Singapore bans Chinese travelers as outbreak spreads [Reuters] U.S. and others tighten curbs on travel to China, virus toll [...]

January 30th, 2020|Daily Commentary|

Thursday, January 30, 2020

[Reuters] Stocks down, safe havens up on China virus worries [Reuters] Oil falls 2% on spread of China virus [Reuters] Copper slides to five-month low on China demand angst [CNBC] US fourth-quarter GDP rose 2.1% [...]

January 30th, 2020|Daily Commentary|

Wednesday, January 29, 2020

[Reuters] Wall St. gains as Apple, Boeing take focus off coronavirus [Reuters] Buoyed by company earnings, world markets look past virus [Reuters] Gold gains as virus concerns linger, investors await Fed [Reuters] Oil gains amid [...]

January 28th, 2020|Daily Commentary|

Tuesday, January 28, 2020

[Reuters] Selling abates after virus causes worst day since October [Reuters] China says death toll from coronavirus rises to 106, confirmed cases hits 4,515 [CNBC] Home price gains continued to heat up in November [Reuters] [...]

January 27th, 2020|Daily Commentary|

Monday, January 27, 2020

[Reuters] China virus fears push stocks to two-week low, safe havens gain [Reuters] Gold gains 1% as virus fears fan growth worries [Reuters] Oil extends declines as fears grow over China virus [Reuters] Chinese premier [...]

January 26th, 2020|Daily Commentary|

Sunday, January 26, 2020

[Reuters] China scrambles to contain 'strengthening' virus [CNBC] Third US case of coronavirus confirmed in California, health officials say [Reuters] Latest on the coronavirus spreading in China and beyond [Reuters] Canada identifies first case of [...]

January 26th, 2020|Daily Commentary|

Saturday, January 25, 2020

[Reuters] Xi says China faces 'grave situation' as virus toll hits 41 [Reuters] U.S. to evacuate its citizens from Wuhan, China - WSJ [Reuters] The latest on the coronavirus spreading in China and beyond [BBC] [...]

January 25th, 2020|Daily Commentary|

Friday, January 24, 2020

[Reuters] Nasdaq hits record high on Intel strength [Reuters] Shares hold ground as China virus fears persist; euro hits seven-week low after ECB [Reuters] Copper set for biggest weekly drop in 17 months amid China [...]

January 23rd, 2020|Daily Commentary|

Thursday, January 23, 2020

[Reuters] Virus fears sap stocks; ECB gets ready for rethink [CNBC] Mainland Chinese stocks drop as much as 3.5% as coronavirus fears grip investors [Reuters] Oil slump deepens as China virus casts cloud over fuel [...]

January 22nd, 2020|Daily Commentary|

Wednesday, January 22, 2020

[Reuters] S&P 500 aims for record on IBM support, fading China virus fears [Reuters] Oil falls as surplus forecast overshadows Libya disruption [Reuters] Yuan, Australian dollar struggle to wipe off coronavirus concerns [Reuters] China virus [...]

January 21st, 2020|Daily Commentary|

Tuesday, January 21, 2020

[Reuters] Stocks lower as China virus outbreak, growth fears sour mood [Reuters] China virus sends chill through markets as risks rise [Reuters] Yuan slips, yen gains as spread of China virus unnerves markets [CNBC] Hong [...]

January 20th, 2020|Daily Commentary|

Monday, January 20, 2020

[Reuters] Global stocks stay near record highs; focus turns to central banks, earnings [Reuters] Gold gains on heightened safe-haven interest; palladium soars [Reuters] Oil jumps to highest in more than a week after Libyan shutdowns [...]

January 19th, 2020|Daily Commentary|

Sunday, January 19, 2020

[Reuters] China will increase imports from U.S. according to 'market principles': official [Reuters] China to step up countermeasures as virus outbreak grows [Reuters] Libya peace summit struggles to draw eastern commander Haftar back into diplomacy [...]

January 19th, 2020|Daily Commentary|

Saturday, January 18, 2020

[MarketWatch] Stock market is “eerily reminiscent of January 2018” when stocks suffered rapid correction, technical analyst says [Reuters] Erdogan calls on Europe to support Turkey's moves in Libya: Politico [Bloomberg] Fed Plans Shift From Writing [...]

January 19th, 2020|Daily Commentary|

Friday, January 17, 2020

[Reuters] China data boosts Wall Street to new record highs [Reuters] World shares gain as China data fuels bets on growth [Reuters] Dollar hits eight-month high on yen, yuan buoyed by China GDP [Reuters] U.S. [...]

January 16th, 2020|Daily Commentary|

Thursday, January 16, 2020

[Reuters] Stocks near record on trade deal, robust earnings [CNBC] US retail sales climb in December, and November sales were revised up [Reuters] U.S. weekly jobless claims drop more than expected [Reuters] Doubts linger after [...]

January 15th, 2020|Daily Commentary|

Wednesday, January 15, 2020

[Reuters] Stocks mostly lower as investors assess U.S.-China trade deal, earnings [Reuters] Oil slips on doubts about U.S.-China deal, OPEC outlook [Reuters] U.S. producer prices barely rise as services remain subdued [CNBC] Weekly mortgage applications [...]

January 14th, 2020|Daily Commentary|

Tuesday, January 14, 2020

[Reuters] Stocks pause after rally, JPMorgan results draw cheer [Reuters] Yuan soars, stocks scale heights as markets cheer imminent Sino-U.S. deal signing [Reuters] Oil prices rise ahead of trade deal, likely stock draw [Reuters] U.S. [...]

January 13th, 2020|Daily Commentary|

Monday, January 13, 2020

[Reuters] Stocks pinned near record highs ahead of U.S.-China trade deal [Reuters] China's yuan rallies, yen slides ahead of U.S. trade deal [Reuters] Oil steady on easing U.S.-Iran tensions, eyes on China trade deal [CNBC] [...]

January 12th, 2020|Daily Commentary|

Sunday, January 12, 2020

[Reuters] Gulf markets gain after no escalation in U.S.-Iran tensions [Reuters] China says will not change position on Taiwan after landslide election [Reuters] Bank of England's Woods warns financial sector of crackdown: Telegraph [Reuters] Protesters [...]

January 12th, 2020|Daily Commentary|

Saturday, January 11, 2020

[Reuters] U.S., China agree to have semi-annual talks aimed a reforms, resolving disputes: WSJ [Reuters] Iran says its military shot down Ukrainian plane in 'disastrous mistake' [Reuters] Taiwan President Tsai set to win re-election [Reuters] [...]

January 11th, 2020|Daily Commentary|

Friday, January 10, 2020

[Reuters] Stocks march higher as Middle East tensions ease [CNBC] US added 145,000 jobs in December, vs 160,000 expected [AP] Boeing papers show employees slid 737 Max problems past FAA [Reuters] Explainer: What is at [...]

January 9th, 2020|Daily Commentary|

Thursday, January 9, 2020

[Reuters] Stocks back in record territory as Middle East tensions fade [Reuters] Oil steadies around levels prevailing before U.S.-Iran attacks [Reuters] China's Vice Premier Liu to sign U.S. trade deal in Washington next week [Reuters] [...]

January 8th, 2020|Daily Commentary|

Wednesday, January 8, 2020

[Yahoo/Bloomberg] U.S. Stocks Lead Rebound as Iran Jolt Fades: Markets Wrap [Reuters] Gold below $1,600 as markets await U.S. reaction to Iran attacks [Reuters] Oil gains trimmed as tensions on Iran strike recede - for [...]

January 7th, 2020|Daily Commentary|

Tuesday, January 7, 2020

[Reuters] Stocks flat, oil cools as anxiety over Mideast recedes [CNBC] US trade deficit falls more than expected to hit lowest level in three years [CNBC] How the world’s most important oil chokepoint could factor [...]

January 6th, 2020|Daily Commentary|

Monday, January 6, 2020

[Reuters] Stocks wipe out new year gains; gold, oil soar on U.S.-Iran threat [Reuters] Mideast tensions send yen to three-month peak [Reuters] Trump stands by threat on Iranian cultural sites, warns of 'major retaliation' [Reuters] [...]

January 5th, 2020|Daily Commentary|

Sunday, January 5, 2020

[Reuters] Gulf markets plunge on U.S.-Iran tensions, Aramco at lowest since IPO [Reuters] Bernanke: Fed has ample clout to fight downturn if toolkit used properly [Reuters] China's central bank says will keep monetary policy [...]

January 5th, 2020|Daily Commentary|

Saturday, January 4, 2020

[Reuters] Fed may need new approach to boost inflation, Daly says [AP] New vehicle sales in US fell 1.3% in 2019 but still healthy [Reuters] Tens of thousands march in Baghdad to mourn Soleimani, others [...]

January 4th, 2020|Daily Commentary|

January 3, 2020: 2019 in Review

It cannot be overstated: Bubbles are of paramount importance – for markets, finance more generally, economies, and social and geopolitical stability. Two U.S. bursting episodes over the past twenty years would seem to make this [...]

January 4th, 2020|Weekly Commentary|

Friday, January 3, 2020

[Reuters] Wall Street falls after U.S. kills top Iranian commander [Reuters] Oil, safe havens surge as U.S. strikes kill Iranian commander [Reuters] Brent jumps nearly $3 after U.S. air strike kills Iran, Iraq officials [Reuters] [...]

January 2nd, 2020|Daily Commentary|

Thursday, January 2, 2020

[Reuters] New year cheer for stocks as rally rumbles on [Reuters] Dollar off to a flat start for 2020 as others find the fizz [Reuters] Oil climbs on U.S.-China trade optimism, Middle East tensions [Reuters] [...]

January 1st, 2020|Daily Commentary|

Wednesday, January 1, 2020

[Reuters] China cuts banks' reserve ratios again, frees up $115 billion to spur economy [CNBC] Small business pay checks are growing at a fast pace as job gains slow [Reuters] China's central bank says economic [...]

December 31st, 2019|Daily Commentary|

Tuesday, December 31, 2019

[Reuters] Global stocks end 2019 close to record highs [Reuters] Oil falls but on track for biggest yearly rise since 2016 [Reuters] Fed sees small takeup of repo, rates steady for critical year-end [Reuters] China [...]

December 30th, 2019|Daily Commentary|

Monday, December 30, 2019

[Reuters] World stocks hold onto gains, dollar under pressure [Reuters] Repo rate steady before year-end [Reuters] Treasuries - Yields rise, yield curve steepest since October 2018 [Reuters] Oil rises to three-month high on upbeat data, [...]

December 29th, 2019|Daily Commentary|

Sunday, December 29, 2019

[Reuters] China commerce ministry says it has proactively dealt with U.S. trade frictions [CNBC] The bankruptcies that rocked the retail industry in 2019 [Reuters] U.S. monitoring North Korea closely, finds situation concerning: White House [Reuters] [...]

December 29th, 2019|Daily Commentary|

Saturday, December 28, 2019

[Reuters] China to switch benchmark for floating-rate loans to lower funding costs [Bloomberg] China to Scrap Benchmark Lending Rate in Shift to New System [WSJ] Leveraged-Loan Downgrades Signal Cracks in Corporate-Debt Rally [WSJ] Bills [...]

December 29th, 2019|Daily Commentary|

Friday, December 27, 2019

[Reuters] Wall St. set for another record high as year-end rally continues [Reuters] Oil hits three-month highs as strong U.S. consumer spending underpins growth hopes [Reuters] Fed accepts $25.80 bln at overnight repo operation [Reuters] [...]

December 26th, 2019|Daily Commentary|

Thursday, December 26, 2019

[Reuters] Stocks hover near record highs as investors count on trade deal [Reuters] Oil hits highest since September on trade hopes, OPEC cuts [Reuters] Record online sales give U.S. holiday shopping season a boost: report [...]

December 25th, 2019|Daily Commentary|

Wednesday, December 25, 2019

[AP] Japan stocks lower, China little-changed on Christmas Day [Reuters] Global stocks hover near record highs, gold breaches $1,500 [Reuters] Trump says he and Xi will sign China trade deal [Reuters] China moves to clamp [...]

December 24th, 2019|Daily Commentary|

Tuesday, December 24, 2019

[Reuters] Festive world markets pause for breath near record highs [Reuters] Oil rises on supply cut pledges and slow return of Gulf field [Reuters] Fed accepts $24.80 bln at overnight repo operation [CNBC] IPOs overall [...]

December 23rd, 2019|Daily Commentary|

Monday, December 23, 2019

[Reuters] Global shares hover near record high as year draws to close [Reuters] U.S. core capital goods orders barely rise; shipments drop [Reuters] Repo is Wall Street's big year-end worry. Why? [Reuters] Leveraged loan market [...]

December 22nd, 2019|Daily Commentary|

Sunday, December 22, 2019

[Reuters] Trump says trade deal with China to be signed 'very shortly' [Reuters] Clashes as police try to clear Hong Kong protesters after Uighur support rally [Bloomberg] Our Guide to What the World’s Top [...]

December 22nd, 2019|Daily Commentary|

Saturday, December 21, 2019

[CNBC] Trump signs bills to avoid shutdown, scrap Obamacare taxes and raise tobacco buying age [Reuters] China criticizes U.S. defense bill as interference [Reuters] Australia's bushfires circle Sydney as temperatures soar [Reuters] Hundreds arrested in [...]

December 21st, 2019|Daily Commentary|

Friday, December 20, 2019

[Reuters] Stocks hit record high, sterling endures rough week [Reuters] Oil hovers near three-month highs on trade deal progress; set for third weekly rise [Reuters] U.S. third-quarter growth unrevised at 2.1% [The Hill] Budget watchdogs [...]

December 19th, 2019|Daily Commentary|

Thursday, December 19, 2019

[Reuters] Stocks hold steady as investors shrug off Trump impeachment [Reuters] Bond yields rise as Sweden ends negative rates, stocks drift lower [Reuters] Sweden ends five years of negative rates with hike to zero [Reuters] [...]

December 18th, 2019|Weekly Recap|

Wednesday, December 18, 2019

[Reuters] World shares remain near record peaks [Reuters] Oil falls as U.S. inventories rise but demand hopes stem bigger drop [CNBC] Fannie Mae boosts 2020 housing forecast ‘significantly’ [CNBC] Weekly mortgage applications drop 5% as [...]

December 17th, 2019|Daily Commentary|

Tuesday, December 17, 2019

[AP] Global stock markets more subdued after US hits records [Reuters] Aussie dollar falls, pound tanks on renewed fears over trade [Reuters] Oil poised near three-month highs on U.S.-China trade hopes, supply cuts [CNBC] US [...]

December 16th, 2019|Daily Commentary|

Monday, December 16, 2019

[Reuters] Stocks rise as investors cheer preliminary U.S.-China trade deal [Reuters] Overnight repo rate rises to highest since Oct. 30 [CNBC] US and China reached a trade agreement, but some key details are still unclear [...]

December 15th, 2019|Daily Commentary|

Sunday, December 15, 2019

[CNBC] Congress faces high-stakes week with impeachment, trade and funding votes ahead [Reuters] China suspends planned tariffs scheduled for Dec. 15 on some U.S. goods [Reuters] UK PM Johnson eyes parliament vote before Christmas to [...]

December 15th, 2019|Daily Commentary|

Saturday, December 14, 2019

[Reuters] Details of U.S.-China "phase one" trade deal to come out over weekend -Mnuchin [Reuters] China to target around 6% growth in 2020, step up state spending: sources [Reuters] Hong Kong leader Lam visits Beijing [...]

December 14th, 2019|Daily Commentary|

Friday, December 13, 2019

[Reuters] Wall St. higher on trade deal hopes; tariff deadline closes in [Reuters] Shares and sterling soar as trade and Brexit fog lifts [Reuters] Euro zone bonds take a beating as trade, Brexit uncertainties clear [...]

December 13th, 2019|Daily Commentary|

Friday, December 13, 2019

[Reuters] Asian stocks see brighter world as trade, UK clouds lift [BBC] Election results 2019: PM hails Brexit 'mandate' as Tories set for big win [Reuters] Senior China diplomat says U.S. seriously damaged hard-won mutual [...]

December 12th, 2019|Daily Commentary|

Thursday, December 12, 2019

[Reuters] Wall Street opens lower as focus shifts to tariff deadline [Reuters] Global stocks test record highs, pound braces for election all-nighter [Reuters] Dollar licks wounds as Fed disappoints bulls, UK election awaited [Reuters] High-stakes [...]

December 11th, 2019|Daily Commentary|

Wednesday, December 11, 2019

[Reuters] Stocks flat with focus on tariff deadline, Fed decision [Reuters] U.S. consumer prices increase more than expected in November [CNBC] The Fed is expected to hold rates steady and vow to keep short-term lending [...]

December 10th, 2019|Daily Commentary|

Tuesday, December 10, 2019

[Reuters] Stocks turn positive after report of possible delay of December tariffs [Reuters] U.S. productivity weak in third quarter; labor costs revised lower [CNBC] Democrats and the Trump administration near a tentative North American trade [...]

December 9th, 2019|Daily Commentary|

Monday, December 9, 2019

[Reuters] Wall Street drops after weak Chinese data; Tariff deadline looms [Reuters] Stocks whacked as China export decline highlights trade war damage [Reuters] China says hopes it can reach trade agreement with U.S. as soon [...]

December 8th, 2019|Daily Commentary|

Sunday, December 8, 2019

[Reuters] China November exports fall, but import growth hints of recovering demand [AP] China’s trade with US sinks in November amid tariff war [Reuters] China's potential growth below 6% over next five years: central bank [...]

December 8th, 2019|Daily Commentary|

Saturday, December 7, 2019

[Reuters] Wall Street Week Ahead: Tariff deadline keeps focus on trade as 2019 draws to close [Reuters] China's November forex reserves ease to $3.096 trillion, focus stays on trade talks [Reuters] Trump calls for World [...]

December 7th, 2019|Daily Commentary|

December 6, 2019: Crazy Extremis

Dr. Bernanke has referred to the understanding of the forces behind the Great Depression as the “Holy Grail of Economics.” But was the Great Depression chiefly the consequence of post-crash policy mistakes, as conventional thinking [...]

December 7th, 2019|Weekly Commentary|

Friday, December 6, 2019

[Reuters] 'Moving right along'? Shares nudge up after Trump trade talk [Reuters] Oil drops as market awaits ratification of OPEC+ supply cut [AP] China waiving tariff hikes on US soybeans, pork [Reuters] Saudi, Russia win [...]

December 5th, 2019|Daily Commentary|

Thursday, December 5, 2019

[Reuters] Stocks keep the faith, sterling gallops higher [Reuters] OPEC and allies prepare to deepen oil output cuts [Reuters] China maintains tariffs must be reduced for phase one trade deal with U.S. [CNBC] China gives [...]

December 4th, 2019|Daily Commentary|

Wednesday, December 4, 2019

[Reuters] Stocks back to 'risk-on' after Trump trade war scare [Reuters] Trump says trade talks with China going "very well" [Reuters] U.S. private sector job growth at six-month low in November: ADP [Reuters] Trump comments, [...]

December 3rd, 2019|Daily Commentary|

Tuesday, December 3, 2019

[AP] Stocks fall as Trump downplays chances of China trade deal [Reuters] Yuan hit after Trump says trade deal could come after 2020 election [Reuters] Oil falls as Trump says China trade deal could be [...]

December 2nd, 2019|Daily Commentary|

Monday, December 2, 2019

[Reuters] Stock rebound fizzles after Trump restores Brazil, Argentina tariffs [Reuters] Oil rises over 1% on hopes for deeper OPEC cuts, Chinese factory growth [Reuters] China suspends U.S. military visits to Hong Kong, sanctions U.S.-based [...]

December 1st, 2019|Daily Commentary|

Sunday, December 1, 2019

[Reuters] China wants U.S. tariffs rolled back in phase one trade deal: Global Times [Yahoo/Bloomberg] The Way Out for a World Economy Hooked On Debt? Yet More Debt [Reuters] China will not resort to quantitative [...]

December 1st, 2019|Daily Commentary|

Saturday, November 30, 2019

[CNBC] China’s factory activity unexpectedly returns to growth in November [Reuters] That frenzied Black Friday crush? Not this year [Greenwich Times] Corporate debt nears a record $10 trillion, and borrowing binge poses new risks [Reuters] [...]

November 30th, 2019|Daily Commentary|

Friday, November 29, 2019

[Reuters] Wall Street slips after U.S. law on Hong Kong rekindles trade fears [Reuters] Global stocks dip on trade worries as record high stays elusive [Reuters] Japan's factory output posts largest fall in almost two [...]

November 28th, 2019|Daily Commentary|

Thursday, November 28, 2019

[Reuters] World stocks stall as U.S.-China tensions flare again [Reuters] Yen gains, yuan falls as Hong Kong tensions muddy trade progress [Reuters] Oil falls as U.S. rights bill fuels tensions with China [CNBC] China accuses [...]

November 28th, 2019|Daily Commentary|

Wednesday, November 27, 2019

[Reuters] Global stocks nearing record highs on trade hopes [Reuters] Dollar boosted by trade deal optimism, Swedish crown hits 4-month high [CNBC] US GDP rose 2.1% in the third quarter, vs 1.9% reading expected [CNBC] [...]

November 26th, 2019|Daily Commentary|

Tuesday, November 26, 2019

[Reuters] Wall Street opens flat, eyes on consumer data [Reuters] World stocks edge off highs to await U.S.-China progress [Reuters] Dollar hits two-week high on yen, yuan up after China-U.S. trade call [Reuters] China trade [...]

November 26th, 2019|Daily Commentary|

Monday, November 25, 2019

[Reuters] World shares climb on trade hopes [Reuters] Dollar boosted by trade progress signs, Brexit promise lifts sterling [Reuters] Oil kicks off week with gains on fresh hopes for U.S.-China trade talks [Reuters] Trump says [...]

November 24th, 2019|Daily Commentary|

Sunday, November 4, 2019

[CNBC] US wants China trade deal but won’t turn blind eye to Hong Kong, Trump national security advisor says [Reuters] Still hope for U.S.-China deal this year: U.S. official [CNBC] Hong Kong vote hits record [...]

November 24th, 2019|Daily Commentary|

Saturday, November 23, 2019

[Reuters] China attacks U.S. at G20 as the world's biggest source of instability [CNBC] Iran faces its most critical moment since the 1979 Revolution [Reuters] Time to calm down': Hong Kong protests simmer ahead of [...]

November 23rd, 2019|Daily Commentary|

November 22, 2019: Weak Link

Last week from The Institute of International Finance (IIF) (a summary from a members-only report): “Global debt has topped $250 billion – 320% of GDP: emerging market debt hits a new record of $71.4 trillion [...]

November 23rd, 2019|Weekly Commentary|

Friday, November 22, 2019

[Reuters] Stocks edge higher as China fuels trade deal optimism [Reuters] Oil holds near two-month high on OPEC+ extension expectations [CNBC] Trump says trade deal with China is ‘very close’ [AP] China’s Xi says Beijing [...]

November 21st, 2019|Daily Commentary|

Thursday, November 21, 2019

[Reuters] Risk on, risk off, repeat! U.S.-China trade deal faces HK hurdle [Reuters] Dollar dips as spotlight remains firmly on U.S./China trade [Reuters] China says it will strive to reach 'phase one' trade deal with [...]

November 20th, 2019|Daily Commentary|

Wednesday, November 20, 2019

[Reuters] Wall Street lower as Hong Kong bill escalates U.S.-China tensions [Reuters] Sino-U.S. spat over Hong Kong knocks world shares off 22-month high [CNBC] China accuses US of interference after Senate passes bills supporting Hong [...]

November 19th, 2019|Daily Commentary|

Tuesday, November 19, 2019

[Reuters] Shares scale 22-month peak as focus turns to growth [Reuters] U.S. housing starts rebound; permits highest in over 12 years [Reuters] Trump says he told Fed's Powell U.S. interest rates are too high [Reuters] [...]

November 18th, 2019|Daily Commentary|

Monday, November 18, 2019

[Reuters] Shares grind towards record high as China trims key rate [CNBC] Mood in Beijing about trade deal is pessimistic, government source tells CNBC [CNBC] The United States’ dubious privilege of being a key currency [...]

November 17th, 2019|Daily Commentary|

Sunday, November 17, 2019

[Reuters] China, U.S. had 'constructive' phone call on trade: Xinhua [MarketWatch] U.S. stock market at record but farm bankruptcies at highest since 2011 [CNBC] Saudi Aramco’s IPO is set to value the oil giant at [...]

November 17th, 2019|Daily Commentary|

Saturday, November 16, 2019

[Reuters] China central bank to maintain prudent policy to prevent inflation from spreading [Reuters] China's PLA soldiers help clean up Hong Kong streets as protesters leave campuses [Reuters] Protesters retake part of bridge in central [...]

November 16th, 2019|Daily Commentary|

Friday, November 15, 2019

[Reuters] U.S.-China trade hopes revive stocks, protests leave scars [Reuters] U.S. retail sales rebound, but big-ticket purchases drop [Reuters] U.S., China trade talks to continue Friday: U.S. commerce chief [Reuters] China central bank injects 200 [...]

November 14th, 2019|Daily Commentary|

Thursday, November 14, 2019

[Reuters] World stocks sink as China slowdown deepens, German economy weak [Reuters] Oil rises after OPEC's Barkindo says U.S. shale growth may slow in 2020 [Reuters] U.S. producer prices increase by the most in six [...]

November 13th, 2019|Daily Commentary|

Wednesday, November 13, 2019

[AP] Global stocks sink after Trump threatens more China tariffs [Reuters] Gold rises as trade uncertainty hurts risk appetite [Reuters] U.S. consumer prices increase more than expected in October [AP] Powell to testify before Congress [...]

November 12th, 2019|Daily Commentary|

Tuesday, November 12, 2019

[Reuters] Global stocks climb, investors seek enlightenment from Trump on trade [Reuters] JGB prices stumble after weak 30-year auction [Reuters] Oil rises further as trade hopes support [MarketWatch] Small-Business Optimism Rises in October: NFIB [Reuters] [...]

November 12th, 2019|Daily Commentary|

Monday, November 11, 2019

[Reuters] Global stocks drop as Hong Kong violence rattles investors [Reuters] China and Hong Kong stocks drop as weak data, protests weigh [Reuters] Oil drops on concern over U.S.-China trade talks progress, oversupply [Reuters] China [...]

November 10th, 2019|Daily Commentary|

Sunday, November 10, 2019

[Reuters] Trump says China trade talks moving along nicely, but deal has to be right [Reuters] Violence spreads across Hong Kong's New Territories on 24th weekend of unrest [Reuters] 'No need to panic': Lebanon banking [...]

November 10th, 2019|Daily Commentary|

Saturday, November 9, 2019

[Reuters] China factory prices falter, while inflation soars to near eight-year high [CNBC] ETF inflows rise to a record $4 trillion and top industry expert says it’s still ‘early days’ [Reuters] Germany marks 30th anniversary [...]

November 9th, 2019|Daily Commentary|

Friday, November 8, 2019

[Reuters] Trade war caution takes edge off stellar rally in world stocks [Reuters] China's October exports, imports fall less than expected [Reuters] Fed's Bostic says he would have dissented against last rate cut, economy is [...]

November 7th, 2019|Daily Commentary|

Thursday, November 7, 2019

[Reuters] U.S.-China trade deal hopes restart stocks rally [Reuters] China says it has agreed with U.S. to cancel tariffs in phases [Reuters] Taiwan warns of possible attack if China's slowdown 'becomes serious' [Reuters] Iran holding [...]

November 6th, 2019|Daily Commentary|

Wednesday, November 6, 2019

[Reuters] Wall Street near highs after upbeat earnings run [Reuters] Risk rally pauses as markets await signals on trade [Reuters] French 10-year bond yield turns positive on improving risk sentiment [Reuters] U.S. productivity drops by [...]

November 5th, 2019|Daily Commentary|

Tuesday, November 5, 2019

[Reuters] Stocks gain on trade deal optimism; service sector data awaited [Reuters] China presses Trump for more tariff roll-backs in 'phase one' trade deal [CNBC] The trade deficit got smaller in September as the US [...]

November 4th, 2019|Daily Commentary|

Monday, November 4, 2019

[Reuters] Trade hopes lift stocks as recession fears recede [Reuters] Oil falls on caution ahead of economic data, offsets trade deal optimism [Reuters] Britain set for 1970s public spending levels as parties woo voters: report [...]

November 3rd, 2019|Daily Commentary|

Sunday, November 3, 2019

[Reuters] Big central banks move to wait-and-see mode [Reuters] Wall Street's leading stocks reveal investor caution [Reuters] UK PM Johnson rejects calls for no-deal Brexit in election pitch [Reuters] Hong Kong mall clash ends in [...]

November 3rd, 2019|Daily Commentary|

Saturday, November 2, 2019

[Reuters] President Xi goes to Iowa? Trump floats farm state to seal trade deal [Reuters] In seismic shift, Britain orders immediate moratorium on fracking [AP] ASEAN meeting grapples with trade war, territorial disputes [Reuters] [...]

November 2nd, 2019|Daily Commentary|

Friday, November 1, 2019

[Reuters] Stocks extend gains as October job growth slows less than expected [Reuters] Oil prices edge up, but set for big weekly loss on rising output, trade woes [CNBC] October job creation comes in at [...]

October 31st, 2019|Daily Commentary|

Thursday, October 31, 2019

[Reuters] Stocks drop as U.S.-China trade worries resurface [Reuters] Oil prices dip as U.S. crude stocks and demand outlook weigh [Reuters] U.S. consumer spending rises moderately, wages flat [Reuters] China's factory activity shrinks for sixth [...]

October 30th, 2019|Daily Commentary|

Wednesday, October 30, 2019

[Reuters] Wall Street slightly higher; Fed decision looms [Reuters] Gold firms as investors await Fed verdict [CNBC] US GDP rose 1.9% in the third quarter, vs 1.6% growth expected [AP] U.S. private sector job growth [...]

October 29th, 2019|Daily Commentary|

Tuesday, October 29, 2019

[Reuters] Stocks cling to gains on trade hopes, mixed earnings weigh on Europe [Reuters] China lifts yuan midpoint to strongest level in over 2 months [Reuters] Three-peat? Fed copies 1990s playbook in bid to avert [...]

October 28th, 2019|Daily Commentary|

Monday, October 28, 2019

[Reuters] Shares near two-month highs on hopes of trade deal, Fed cut [Reuters] EU nations agree Brexit delay until January 31 as PM Johnson seeks election [Reuters] Argentine cenbank will do all possible to protect [...]

October 27th, 2019|Daily Commentary|

Sunday, October 27, 2019

[MarketWatch] Three things to watch when the Fed meets next week [Reuters] Macri the underdog as Argentina heads to the polls [Reuters] Hong Kong protesters hurl petrol bombs after police fire tear gas to clear [...]

October 27th, 2019|Daily Commentary|

Saturday, October 26, 2019

[MarketWatch] Three things to watch when the Fed meets next week [Reuters] Lagarde will take ECB out of ivory tower: De Guindos in El Pais [Reuters] Catalonia's mayors call for self-determination before protest march [Reuters] [...]

October 26th, 2019|Daily Commentary|

Friday, October 25, 2019

[Reuters] Muted data and Brexit woes douse stocks rally [Reuters] Gold hits 2-week high as weak U.S. data boosts rate-cut bets [Reuters] Oil prices steady, on track for large weekly gain [Reuters] China to ask [...]

October 24th, 2019|Daily Commentary|

Thursday, October 24, 2019

[Reuters] Wall Street higher on Microsoft, Tesla results [Reuters] Oil slips on profit-taking, weak demand outlook [Reuters] White House aide: Phase one U.S.-China trade deal targets intellectual property [Reuters] U.S. core capital goods orders drop [...]

October 23rd, 2019|Daily Commentary|

Wednesday, October 23, 2019

[Reuters] Shares sapped by tech problems and Brexit snags [Reuters] Brexit confusion weighs on pound, dents risk appetite [Reuters] NY Fed accepts $49.854 overnight repo bids [Reuters] U.S. companies facing worker shortage race to automate [...]

October 22nd, 2019|Daily Commentary|

Tuesday, October 22, 2019

[Reuters] Shares rise amid Brexit tussle as focus shifts to earnings [Reuters] Chinese vice foreign minister says progress made in trade talks with U.S. [Reuters] Brexit in the balance as Johnson faces crunch votes [Reuters] [...]

October 21st, 2019|Daily Commentary|

Monday, October 21, 2019

[Reuter] Hopes for progress in trade war and Brexit buoy stocks [Reuters] Sterling hits 5-1/2-month high on hopes for Brexit deal [Reuters] British PM pushes for Brexit deal vote after being forced to seek delay [...]

October 20th, 2019|Daily Commentary|

Sunday, October 20, 2019

[Reuters] Wall Street Week Ahead: Tech haves and have-nots face third-quarter tests [Reuters] Brexit will happen on Oct. 31 despite PM's unsigned delay request, UK says [Reuters] EU plays for time as Johnson spars with [...]

October 20th, 2019|Daily Commentary|

Saturday, October 19, 2019

[CNBC] UK lawmakers delay Brexit vote and force Boris Johnson to ask for deadline extension [BBC] MPs back Brexit deal delay [Reuters] Brexit day of reckoning: PM Johnson battles further delay [Reuters] China says will [...]

October 19th, 2019|Daily Commentary|

Friday, October 18, 2019

[Reuters] Shares sapped by poor China growth, dollar gets weekly mauling [Reuters] China third-quarter GDP grows 6%, slowest pace in almost three decades [Reuters] China's September property investment resilient, buoyed by new construction [Reuters] Six [...]

October 17th, 2019|Daily Commentary|

Thursday, October 17, 2019

[Reuters] Wall Street cheers Brexit deal; Netflix, Morgan Stanley results set positive mood [Reuters] European markets roar approval at new Brexit deal [Reuters] Britain clinches Brexit deal, Johnson now faces parliament hurdle [Reuters] U.S. housing [...]

October 16th, 2019|Daily Commentary|

Wednesday, October 16, 2019

[Reuters] Stocks slip on renewed U.S.-China trade war concerns [Reuters] Sterling falters as Brexit approaches its endgame [Reuters] U.S. retail sales post first decline in seven months [AP] Brexit talks don’t get breakthrough, continue on [...]

October 15th, 2019|Daily Commentary|

Tuesday, October 15, 2019

[Reuters] Global stocks edge higher on Brexit hopes, trade optimism fades [AP] China tempers hopes about US tariff truce [Reuters] China wants tariffs cut to enable $50 billion imports from U.S.: Bloomberg [Reuters] China Sept [...]

October 14th, 2019|Daily Commentary|

Monday, October 14, 2019

[Reuters] Stocks dip as report China wants more trade talks tempers optimism [Reuters] Turkish lira slips but traders doubt Trump's sanctions threat [CNBC] China wants another round of talks before signing phase one of the [...]

October 13th, 2019|Daily Commentary|

Sunday, October 13, 2019

[Reuters] Countdown to divorce: Meetings that will decide Brexit [Reuters] ECB's Holzmann calls current monetary policy 'wrong', hopes for new course under Lagarde [Reuters] Russia looks at alternatives to dollar for energy transactions [Reuters] China's [...]

October 13th, 2019|Daily Commentary|

Saturday, October 12, 2019

[Reuters] U.S. outlines 'Phase 1' trade deal with China, suspends October tariff hike [CNBC] Wall Street has doubts after partial trade deal: ‘I don’t think this gets us to Christmas’ [Reuters] Wall Street Week Ahead: [...]

October 12th, 2019|Daily Commentary|

Friday, October 11, 2019

[Reuters] Stocks bask in 'very good' trade talks, Brexit deal hopes [Reuters] Oil jumps briefly after reports of Iranian tanker attack [CNBC] Stock futures rise after optimistic Trump comments on US-China trade [CNBC] Optimism is [...]

October 10th, 2019|Daily Commentary|

Thursday, October 10, 2019

[Reuters] Dollar takes a dive, euro catapulted higher as U.S.-China talks start [CNBC] Dow futures slip in wild overnight trading after report that trade talks have stalled [CNBC] It’s been a crazy 12 hours for [...]

October 9th, 2019|Daily Commentary|

Wednesday, October 9, 2019

[Reuters] Stocks grind higher as investors cling to trade truce hopes [Reuters] Oil rises on signs of easing U.S.-China tensions [CNBC] China ready to discuss a partial trade deal and will increase US agricultural purchases, [...]

October 8th, 2019|Daily Commentary|

Tuesday, October 8, 2019

[Reuters] World stocks run out of steam amid trade jitters [Reuters] European stocks tumble further as Brexit, trade worries deepen [CNBC] US producer prices post the biggest decline in eight months in September [Reuters] White [...]

October 7th, 2019|Daily Commentary|

Monday, October 7, 2019

[Reuters] Stocks tiptoe higher as U.S. jobs boost offsets weak European data, trade anxiety [Reuters] Yen rises, offshore yuan dips on caution over Sino-U.S. trade talks [Reuters] Oil prices up as U.S.-China trade talks loom, [...]

October 6th, 2019|Daily Commentary|

Sunday, October 6, 2019

[Reuters] Wall St Week Ahead-Capital spending outlook another worry ahead of earnings [Reuters] As Fed policymakers comb data, few decisive signals on outlook [Reuters] UK could move on 'mechanism' of Northern Ireland consent [Yahoo/Bloomberg] [...]

October 6th, 2019|Daily Commentary|

Saturday, October 5, 2019

[Reuters] As Fed policymakers comb data, few decisive signals on outlook [Reuters] Spain's Sanchez says he will defend food sector against 'unacceptable' U.S. tariffs [Reuters] Hong Kong goes quiet as subway, shops close after night [...]

October 5th, 2019|Daily Commentary|

October 4, 2019: Resurrecting M2

This week’s disappointing ISM reports dominated business headlines: “US Manufacturing Survey Shows Worst Reading in a Decade.” “U.S. Factory Gauge Hits 10-Year Low as World Slowdown Widens.” “U.S. Manufacturers Experience Worst Month Since 2007-2009 Great Recession.” [...]

October 4th, 2019|Weekly Commentary|

Friday, October 4, 2019

[Reuters] After bruising week, global stocks make fragile gains [Reuters] Oil edges higher but on track for big weekly loss [CNBC] US created 136,000 jobs in September, vs 145,000 expected [CNBC] Trade gap widens more [...]

October 3rd, 2019|Daily Commentary|

Thursday, October 3, 2019

[Reuters] Trade fears, growth woes haunt global stocks as bond yields slide [Reuters] Oil slips further below $58 as economic gloom weighs [Reuters] U.S. widens trade war with tariffs on European planes, cheese, whisky to [...]

October 2nd, 2019|Daily Commentary|

Wednesday, October 2, 2019

[Reuters] Stocks fall to lowest in a month after U.S. manufacturing shock sparks growth worries [Reuters] Gold rises as global growth worries boost safe-haven appeal [Reuters] Oil steadies amid fall in U.S. inventories, weak economic [...]

October 1st, 2019|Daily Commentary|

Tuesday, October 1, 2019

[Reuters] Dollar powers to 29-month high, stocks stay standing despite weak data [Reuters] Oil prices rebound on lower output from U.S., Russia, OPEC [Reuters] N.Y. Fed awards $54.85 billion in overnight repos [Reuters] Fed can [...]

September 30th, 2019|Daily Commentary|

Monday, September 30, 2019

[Reuters] Shares steady as investors shrug off U.S. delisting threat [Reuters] Oil down more than 1% on trade war jitters and Chinese data [Reuters] China Sept factory activity surprises, expands fastest in 19 mths-Caixin PMI [...]

September 29th, 2019|Daily Commentary|

Sunday, September 29, 2019

[Reuters] China urges 'calm and rational' resolution to U.S.-Sino trade war [AP] China to send its top trade negotiator to US for talks [Reuters] Citing climate risk, investors bet against mortgage market [Reuters] Street fires [...]

September 29th, 2019|Daily Commentary|

Saturday, September 28, 2019

[CNBC] US pulling investment from China would be an ‘unmitigated disaster,’ says Yale’s Stephen Roach [Reuters] Spillover: world economies' next big headache [Reuters] Moment of truth coming for Brexit with time running out, EU and [...]

September 28th, 2019|Daily Commentary|

Friday, September 27, 2019

[Reuters] Shares rise as trade optimism muffles impeachment noise [CNBC] Oil prices head for big weekly loss as supply fears wane [Reuters] U.S. consumer spending slows in August; incomes rise [AP] US durable goods orders [...]

September 26th, 2019|Daily Commentary|

Thursday, September 26, 2019

[Reuters] U.S.-China trade optimism lifts stocks, dollar shrugs [MarketWatch] U.S. trade deficit in goods widens slightly in August [AP] US economy grew at modest 2% rate in second quarter [Reuters] U.S. business investment much weaker [...]

September 25th, 2019|Daily Commentary|

Wednesday, September 25, 2019

[Reuters] Shares stumble over Trump impeachment threat, China jibes [CNBC] Higher interest rates send weekly mortgage applications tanking 10% [AP] China rejects Trump criticism on trade [CNBC] US-China cold war and rising protectionism could split [...]

September 24th, 2019|Daily Commentary|

Tuesday, September 24, 2019

[Reuters] Trade optimism bolsters shares, pound whipsawed by Brexit drama [Reuters] Oil prices fall due to weak economic data, Saudi output recovery [MarketWatch] New York Fed term repo operation twice oversubscribed [CNBC] Signs point to [...]

September 23rd, 2019|Daily Commentary|

Monday, September 23, 2019

[Reuters] Stocks sink on dismal economic data, mixed trade signals [Reuters] European stocks sink after weak business surveys [CNBC] Chinese theft of trade secrets on the rise, the US Justice Department warns [MarketWatch] Stock market’s [...]

September 22nd, 2019|Daily Commentary|

Sunday, September 22, 2019

[Reuters] China needs to change way it finances economy, think tank says [Reuters] Indian shadow bank Altico says evaluating options after default [CNBC] More $10 billion software companies are being minted than ever before — [...]

September 22nd, 2019|Daily Commentary|

Saturday, September 21, 2019

[Reuters] United States sending troops to bolster Saudi defenses after attack [Reuters] Hong Kong police fire tear gas after protesters throw petrol bombs [NYT] From Underwear to Cars, India’s Economy Is Fraying [WSJ] Fed [...]

September 21st, 2019|Daily Commentary|

Friday, September 20, 2019

[Reuters] Stimulus soothes stocks as oil heads higher [Reuters] Gold edges higher on soft dollar, heads for first weekly gain in four [Reuters] U.S. repo rate rises ahead of Fed repo operation [Reuters] China cuts [...]

September 19th, 2019|Daily Commentary|

Thursday, September 19, 2109

[Reuters] Shares inch higher after Fed cut, BOJ keeps powder dry [Reuters] U.S., Chinese trade deputies face off in Washington amid deep differences [Reuters] BOJ keeps policy steady, signals chance of easing in October [Reuters] [...]

September 18th, 2019|Daily Commentary|

Wednesday, September 18, 2019

[AP] Stocks mixed ahead of Fed, oil dips on Saudi output recovery [Reuters] Oil steps back on Saudi supply reassurance, focus shifts to Fed [Reuters] From oil shocks to funding strains, Fed confronts new complexities [...]

September 17th, 2019|Daily Commentary|

Tuesday, September 17, 2019

[Reuters] Oil sheds gains, stocks dip as Fed comes into focus [Reuters] Trade talks seen as unlikely to mend U.S.-China divide [Reuters] U.S., Chinese trade deputy talks to start on Thursday: USTR [CNBC] Detailed satellite [...]

September 16th, 2019|Daily Commentary|

Monday, September 16, 2019

[Reuters] Oil soars, stocks dip after Saudi supply shock [Reuters] Biggest oil price surge since 1991 as 'locked and loaded' U.S. points finger at Iran for attack [Reuters] U.S. stock futures fall after Saudi oil [...]

September 15th, 2019|Daily Commentary|

Sunday, September 15, 2019

[CNBC] Saudi stock market dives, crude futures to jump after drone attack on oil plants [Reuters] Saudi, Gulf stocks fall after attacks on Aramco oil plants [CNBC] Oil could rise $10 per barrel after drone [...]

September 15th, 2019|Daily Commentary|

Friday, September 13, 2019

[Reuters] Shares, bond yields perch at six-week highs [Reuters] Gold gains on weaker dollar, rising equities cap upside [CNBC] US retail sales rose more than expected in August as auto buying jumps [CNBC] Trump says [...]

September 12th, 2019|Daily Commentary|

Thursday, September 12, 2019

[Reuters] Trade war thaw and ECB stimulus hopes buoys stocks [Reuters] Oil prices fall as OPEC+ talks output compliance, not cuts [Reuters] As trade talks loom, Chinese firms look into buying U.S. farm goods [...]

September 11th, 2019|Daily Commentary|

Wednesday, September 11, 2019

[AP] Global stocks rise on signs of easing trade tensions [Reuters] Investors unwind bearish bets as optimism grows on trade and stimulus [Reuters] Treasuries - U.S. yields rise after producer prices data [Reuters] U.S. producer [...]

September 10th, 2019|Daily Commentary|

Tuesday, September 10, 2019

[Reuters] Stocks edge lower as China data revives recession fears [Reuters] Bond yields climb as ECB stimulus expectations fade [Reuters] Oil hits six-week high on hopes of extended OPEC output cuts [Reuters] China August factory [...]

September 9th, 2019|Daily Commentary|

Monday, September 9, 2019

[Reuters] Stocks gain on stimulus hopes, pound hits six-week high [Reuters] Oil rises as Saudi Arabia signals OPEC cuts to continue under new energy minister [Reuters] Ireland warns PM Johnson: no-backstop equals no-deal Brexit [Reuters] [...]

September 8th, 2019|Daily Commentary|

Sunday, September 8, 2019

[AP] China’s trade with US shrinks as tariff war worsens [Reuters] China's August exports unexpectedly shrink as U.S. shipments slump [Reuters] Sticking to Brexit plan, UK's Johnson will not seek a delay [Reuters] Hong Kong [...]

September 8th, 2019|Daily Commentary|

Saturday, September 7, 2019

[AP] White House adviser compares China trade talks to Cold War [Reuters] MPs prepare court action to enforce Brexit delay [Reuters] UK's Labour to crack down on finance bonuses if it wins power: FT [...]

September 7th, 2019|Daily Commentary|

Friday, September 6, 2019

[Reuters] Stocks gains after weaker-than-expected jobs report [Reuters] Job growth sees another weak month in August as payrolls rise just 130,000 [Reuters] China cuts banks' reserve ratios, frees up $126 billion for loans as economy [...]

September 5th, 2019|Daily Commentary|

Thursday, September 5, 2019

[Reuters] Stocks higher on news of U.S.-China trade talks [Reuters] Treasuries - U.S. yields extend rise after ADP U.S. jobs data [Reuters] Oil prices rise after U.S. confirms trade talks with China to start [CNBC] [...]

September 4th, 2019|Daily Commentary|

Wednesday, September 4, 2019

[Reuters] Easing political worries lift shares, pound jumps [Reuters] U.S. trade deficit narrows slightly as exports rise [Reuters] Weekly mortgage refinances fall further, despite lower interest rates [Reuters] China service sector activity rises to three-month [...]

September 3rd, 2019|Daily Commentary|

Tuesday, September 3, 2019

[Reuters] Global stocks stumble toward two-month lows as U.S. data looms [Reuters] Argentina's peso under scrutiny following capital controls, as U.S. markets reopen [AP] Pound slides on Brexit, on track for lowest close since 1985 [...]

September 2nd, 2019|Daily Commentary|

Monday, September 2, 2019

[MarketWatch] U.S. stock futures weaken as tariffs go into effect [Reuters] Global stocks slip on tariffs, Argentina hit by capital controls [Reuters] Oil falls as U.S., China add more tariffs in trade war [Reuters] Argentina [...]

September 1st, 2019|Daily Commentary|

Sunday, September 1, 2019

[CNBC] Trump’s 15% tariffs on $112 billion in Chinese goods take effect [Reuters] China, U.S. to collect additional tariffs on each other's goods [Reuters] China starts to impose additional tariffs on some U.S. goods [Reuters] [...]

September 1st, 2019|Daily Commentary|

Saturday, August 31, 2019

[CNBC] Trump’s tariffs on $112 billion of Chinese imports hit at midnight [Reuters] China's factory activity shrinks for fourth month as trade woes deepen [CNBC] August was a wild month for Wall Street, here’s what [...]

August 31st, 2019|Daily Commentary|

Friday, August 30, 2019

[Reuters] Global stocks scale one-week high on trade hopes, yuan softens [Reuters] Oil prices dip but set for solid weekly gains [Reuters] U.S. consumer spending increases solidly; income tepid [Reuters] China, U.S. trade negotiating teams [...]

August 29th, 2019|Daily Commentary|

Thursday, August 29, 2019

[Reuters] China trade comments boost Wall Street [Reuters] Argentina bonds plumb new lows, country risk soars, as govt eyes debt 'reprofiling' [Reuters] China sets yuan midpoint much firmer-than-expected for 3rd straight day [Reuters] Oil prices [...]

August 28th, 2019|Daily Commentary|

Wednesday, August 28, 2019

[Reuters] Global stocks under pressure as bond markets ring recession alarms [Reuters] Pound plunges as Johnson restricts parliament's time before Brexit [Reuters] U.S. yield curve inverts further, 30-year yields hit new record low [Reuters] Argentine [...]

August 27th, 2019|Daily Commentary|

Tuesday, August 27, 2019

[Reuters] World shares gain on flickering trade hopes [Reuters] Yuan rebounds after PBOC sets much stronger-than-expected fixing [Reuters] Gold gains as U.S.-China trade concerns lift safe-haven demand [Reuters] China says it hopes U.S. can create [...]

August 26th, 2019|Daily Commentary|

Monday, August 26, 2019

[Reuters] Wall Street rises after Trump's softer stance on trade [Reuters] Oil falls as U.S.-Iran optimism faces U.S.-China trade deal hopes [Reuters] Trump says China trade deal coming, Beijing calls for resolution of dispute [AP] [...]

August 26th, 2019|Daily Commentary|

Sunday, August 25, 2019

[CNBC] White House says Trump regrets not raising tariffs on China higher [CNBC] Trump on US-China trade war: ‘I could declare a national emergency’ [Reuters] Beneath show of bonhomie, rifts emerge between Trump and Western [...]

August 25th, 2019|Daily Commentary|

Saturday, August 24, 2019

[Reuters] China warns U.S. to stop 'wrong' trade actions or face consequences [Reuters] Global disputes set to jolt G7 summit in French resort [AP] At global summit, Trump facing limits of go-it-alone stance [Reuters] Explainer: [...]

August 24th, 2019|Daily Commentary|

Friday, August 23, 2019

[Reuters] Stocks lower after China threatens tariffs on U.S. goods [Reuters] Treasuries - Yields fall as China introduces tariffs on US goods [Reuters] Oil prices slide as U.S.-China trade war escalates [Reuters] European stocks sink [...]

August 22nd, 2019|Daily Commentary|

Thursday, August 22, 2019

[Reuters] Stocks sharply lower after China threatens tariffs on U.S. goods [Reuters] Treasuries - Yields fall as China introduces tariffs on US goods [Reuters] Oil prices slide as U.S.-China trade war escalates [Reuters] European stocks [...]

August 21st, 2019|Daily Commentary|

Wednesday, August 21, 2019

[Reuters] Stocks gain on upbeat Target, Lowe's earnings; Fed minutes eyed [Reuters] European stocks recover before Fed minutes, Jackson Hole gathering [Reuters] Oil up over 1%, buoyed by U.S. stock drawdown [Politico] Trump team braces [...]

August 20th, 2019|Daily Commentary|

Tuesday, August 20, 2019

[Reuters] Global stocks inch higher as stimulus hopes spur tentative rebound [Reuters] Gold reclaims $1,500 mark as focus turns to Fed [Reuters] Oil edges lower, but hopes on easing trade tensions cap losses [CNBC] White [...]

August 19th, 2019|Daily Commentary|

Monday, August 19, 2019

[Reuters] Stimulus optimism boosts stocks, eases pressure on bonds [Reuters] Argentine CDS jump 300 bps after opposition leader says to re-negotiate IMF loan terms [Reuters] Oil up after drone attack on Saudi field, but OPEC [...]

August 18th, 2019|Daily Commentary|

Sunday, August 18, 2019

[CNBC] Fed’s Powell must signal a more aggressive stance on rates at Jackson Hole or stocks will tumble, James Bianco warns [Reuters] Argentina Treasury minister resigns, says 'significant renewal' needed amid economic crisis [Reuters] Germany [...]

August 18th, 2019|Daily Commentary|

Saturday, August 17, 2019

[Reuters] Exclusive: Fed's Mester weighing argument for U.S. rate cut [CNBC] Here’s what Powell could say at Jackson Hole to soothe the roller coaster markets [Reuters] China unveils rate reform to steer funding costs [...]

August 17th, 2019|Daily Commentary|

August 16, 2019: Comeuppance

The Chinese Credit machine sputtered in July. Growth in Total Aggregate Financing dropped to $144 billion, almost 40% below consensus estimates. This was less than half of June’s $320 billion increase and the slowest expansion [...]

August 16th, 2019|Weekly Commentary|

Friday, August 16, 2019

[Reuters] Stocks gain on stimulus hopes but still head for third losing week [Reuters] U.S. housing starts drop for third straight month [CNBC] Fed may not have enough firepower to prevent a recession [Reuters] To [...]

August 15th, 2019|Daily Commentary|

Thursday, August 15, 2019

[Reuters] Stocks gain after strong retail sales data [Reuters] Global stocks hurt by China's trade threats, falling bond yields [Reuters] Oil prices fall on concerns over recession, inventories [Reuters] U.S. retail sales surge in [...]

August 14th, 2019|Daily Commentary|

Wednesday, August 14, 2019

[Reuters] Recession fears hit Wall Street after grim China, German data [Reuters] Stocks wilt as bond markets flash recession warnings [Reuters] Chinese yuan surrenders some gains; yen climbs as growth fears return [Reuters] U.S. Treasury [...]

August 13th, 2019|Daily Commentary|

Tuesday, August 13, 2019

[Reuters] Shares shunted after Argentina crash, safe-havens shine [CNBC] China fixes its yuan midpoint at 7.0326 per dollar [Reuters] Gold hits over 6-year peak on risk-off sentiment [Reuters] Fresh rise in Argentina CDS prices probability [...]

August 12th, 2019|Daily Commentary|

Monday, August 12, 2019

[Reuters] Stocks fall on trade war, global growth worries [Reuters] Yen and bond bulls charge on as share markets falter [Reuters] Gold holds firm above $1,500 on global growth worries [Reuters] Markets brace for volatility [...]

August 11th, 2019|Daily Commentary|

Saturday, August 10, 2019

[CNN] 'Fragile' oil demand is the weakest since 2008, energy watchdog says [Reuters] Hong Kong police fire tear gas during another weekend of protests [Reuters] Pakistan cuts last remaining transport link to India over Kashmir [...]

August 10th, 2019|Daily Commentary|

Friday, August 9, 2019

[Reuters] Stocks slip after Wall Street's best day in two months [Reuters] Europe rattled by Italy stress, safe havens keep gaining [Reuters] Treasuries - U.S. yields turn lower after U.S. July PPI data [Reuters] Yen [...]

August 8th, 2019|Daily Commentary|

Thursday, August 8, 2019

[Reuters] Markets find a floor as Chinese data soothe nerves [Reuters] Yuan edges up as PBOC signals intent to stabilise decline [CNBC] China sets the yuan midpoint at 7.0039 per dollar, weakest since April 2008 [...]

August 7th, 2019|Daily Commentary|

Wednesday, August 7, 2019

[Reuters] Stocks turn lower as investors flock to bonds, gold [Reuters] Fragile calm returns to stock markets as yuan steadies [AP] China’s yuan weakens after signs of stability calm markets [Reuters] Gold hits over 6-year [...]

August 6th, 2019|Daily Commentary|

Tuesday, August 6, 2019

[Reuters] Stocks rebound after Wall Street's worst day of 2019 [Reuters] Rout eases as China keeps yuan on a leash [AP] Global stocks rebound as China eases up on currency [Reuters] China's yuan steadies, but [...]

August 6th, 2019|Daily Commentary|

Monday, August 5, 2019

[Yahoo/Bloomberg] Yuan Tumbles, Stocks Plunge; No `Circuit Breaker': Markets Wrap [Reuters] Trade row slams stocks, yuan slumps to lowest in over a decade [Reuters] China lets yuan slump past 7 per dollar for first time [...]

August 5th, 2019|Daily Commentary|

Sunday, August 4, 2019

[Reuters] Wall St Week Ahead-Disney report to shine spotlight on streaming war [Reuters] EU must change its negotiating terms for Brexit, says Britain's Barclay [Reuters] China destabilizing Indo-Pacific: U.S. Defense Secretary [Reuters] HK police fire [...]

August 4th, 2019|Daily Commentary|

Saturday, August 3, 2019

[Reuters] Trump defends stance on China trade after new tariffs [Reuters] South Korea warns Japan of security pact risk, calls for 'cooling-off' in trade row [Reuters] Shops shut, traffic blocked as protests again roil Hong [...]

August 3rd, 2019|Daily Commentary|

Friday, August 2, 2019

[Reuters] Trump tariff threat hits Wall Street for second day [Reuters] Trump's tariffs jolt global stocks, trigger rush to safety [AP] China’s yuan falls to 2019 low after Trump tariff threat [Reuters] Oil prices rebound [...]

August 2nd, 2019|Daily Commentary|

Thursday, August 1, 2019

[Reuters] Mind your backs, dollar coming through! [CNBC] Chinese shares decline as data shows July manufacturing activity contracted [Reuters] Oil drops on Fed outlook, ample supply [Reuters] U.S., China to keep talking on trade after [...]

July 31st, 2019|Daily Commentary|

Wednesday, July 31, 2019

[Reuters] Wall St. higher on Apple bounce; Fed decision awaited [Reuters] Trade tensions drag on stocks as markets await Fed verdict [Reuters] Oil gains a fifth day after U.S. stockpile drop amid rate optimism [Reuters] [...]

July 30th, 2019|Daily Commentary|

Tuesday, July 30, 2019

[Reuters] Stormy sterling sinks again, stocks wilt before Fed [Reuters] Treasuries - U.S. yields turn flat after in-line June personal spending data [Reuters] Trump warns China not to wait for 2020 U.S. election to make [...]

July 29th, 2019|Daily Commentary|

Monday, July 29, 2019

[Reuters] Shares steady as Fed comes into focus; dollar at two-month high [Reuters] Oil loses ground on pessimism over U.S.-China trade talks [Reuters] A Fed interest rate cut is in the bag. What then? [Reuters] [...]

July 28th, 2019|Daily Commentary|

Sunday, July 28, 2019

[Reuters] Wall St Week Ahead- RPT-Even if Fed cut is a given, Powell seen as wild card for stock market [Reuters] Assuming EU will not budge, Britain ramps up preparations for no-deal Brexit [Reuters] China [...]

July 28th, 2019|Daily Commentary|

Saturday, July 27, 2019

[Reuters] Johnson tells EU: ditch backstop or face no-deal Brexit [Reuters] China's industrial profits fall in June, add to fears of slowdown [AP] France won’t scrap tax on tech giants, despite Trump threats [Reuters] Tear [...]

July 27th, 2019|Daily Commentary|

Friday, July 26, 2019

[Reuters] Stocks stage tentative rebound after ECB disappointment [CNBC] GDP slows to 2.1% in second-quarter but beats expectations thanks to strong consumer [CNBC] Hedge fund manager Kyle Bass says a US-China trade deal can’t be [...]

July 25th, 2019|Daily Commentary|

Thursday, July 25, 2019

[AP] World stocks rise as ECB signals more stimulus coming [Reuters] ECB prepares some sub-zero relief for wilting Europe [Reuters] Euro zone yields hit record lows, euro wilts after ECB flags easing [Reuters] Oil advances [...]

July 24th, 2019|Daily Commentary|

Wednesday, July 24, 2019

[Reuters] Stocks hit as DOJ aims antitrust probe at tech [Reuters] Trade talks buoy stocks, gloomy data sink euro [Reuters] Euro plumbs two-month low ahead of ECB, pound under pressure [Reuters] Gold rises on expected [...]

July 23rd, 2019|Daily Commentary|

Tuesday, July 23, 2019

[Reuters] Stocks rise after better-than-expected earnings [Reuters] Carmakers drive Europe higher, Johnson batters sterling [Reuters] Britain's new leader Johnson vows to get Brexit done [MarketWatch] IMF cuts its global growth forecast again [Yahoo/Bloomberg] UBS CEO [...]

July 22nd, 2019|Daily Commentary|

Monday, July 22, 2019

[Reuters] Wall St. higher as earnings season gathers steam [Reuters] Stocks struggle, oil jumps on Middle East tensions [Reuters] Oil prices rise more than 1% after Iran seizes British tanker [Reuters] Dollar drifts higher as [...]

July 21st, 2019|Daily Commentary|

Sunday, July 21, 2019

[Reuters] Chinese companies looking to buy U.S. farm products: Xinhua [Reuters] Sink-or-swim showdown beckons for Italy's fractious coalition [Reuters] Iran warns UK against escalating tensions, says crew of seized ship safe [AP] Hong Kong residents [...]

July 21st, 2019|Daily Commentary|

Saturday, July 20, 2019

[Reuters] Wall Street Week Ahead: Prospect of Fed cut pushing dividend investors into tech, energy [Reuters] A rally and a redirect: why the markets are so focused on the Fed [CNBC] ‘It never stops’: [...]

July 20th, 2019|Daily Commentary|

Friday, July 19, 2019

[Reuters] Fed rate cut bets buoy stocks, dollar steadies [Reuters] Microsoft brightens Wall St. mood as rate cut hopes rise [Reuters] U.S.-China officials discuss trade; Mnuchin eyes possible in-person talks [CNBC] BlackRock’s Fink: CEOs tell [...]

July 18th, 2019|Daily Commentary|

Thursday, July 18, 2019

[Reuters] Global stocks slip as U.S.-China trade war drags on corporate earnings [Reuters] Euro and bond yields fall on report that ECB might amend inflation goal [Reuters] Crude futures steady after fall on U.S. oil [...]

July 17th, 2019|Daily Commentary|

Wednesday, July 17, 2019

[Reuters] Trade war, Brexit stoke debt and dollar, hit stocks and sterling [Reuters] Euro zone bond yields renew slide, Italian yields at lowest since 2016 [Reuters] Oil prices gain, U.S. crude little changed after inventory [...]

July 16th, 2019|Daily Commentary|

Tuesday, July 16, 2019

[Reuters] Stocks Flat as JPMorgan results; Goldman Sachs, Wells Fargo eyed [Reuters] Bleak German mood weighs on Europe, Brexit pummels pound [Reuters] Oil steadies as U.S. supply concerns ease but Iran tensions loom [CNBC] US [...]

July 15th, 2019|Daily Commentary|

Monday, July 15, 2019

[Reuters] Reassuring Chinese data nudges shares higher [Reuters] Wall Street higher as banks rise after Citi results [Reuters] Oil prices edge lower as China's GDP growth slows [Reuters] Trump sees slowing Chinese growth pressuring Beijing [...]

July 14th, 2019|Daily Commentary|

Sunday, July 14, 2019

[Reuters] Pelosi sets spending demands for two-year budget deal [Reuters] South Korea trade ministry to raise Japan export curbs at WTO general council meeting [Reuters] Indian housing lender DHFL warns it may not survive as [...]

July 14th, 2019|Daily Commentary|

Saturday, July 13, 2019

[Reuters] Wall St. Week Ahead: Union Pacific, other freight co earnings eyed for tariff effects [Reuters] Japan-South Korea feud deepens with disputed accounts of trade meeting [Reuters] Hong Kong protesters, police clash as demonstrations target [...]

July 13th, 2019|Daily Commentary|

Friday, July 12, 2019

[Reuters] Shares flat as investors digest economic data, dollar dips for third day [Reuters] Gold gains on U.S.-China trade jitters, rate cut hopes [Reuters] Oil near six-week highs amid Gulf of Mexico storm, Middle East [...]

July 11th, 2019|Daily Commentary|

Thursday, July 11, 2019

[Reuters] Stocks gain, dollar sags as Fed chief shores up rate cut prospects [Reuters] Oil at six-week high on Gulf of Mexico storm, Iran tensions [Reuters] U.S. core CPI posts biggest gain in nearly 1-1/2 [...]

July 10th, 2019|Daily Commentary|

Wednesday, July 10, 2019

[Reuters] Wall Street higher after Powell's remarks raise rate cut bets [Reuters] Oil prices rise as data shows bigger-than-expected fall in U.S. stockpiles [Reuters] Fed's Powell says trade, global growth concerns continue to weigh on [...]

July 9th, 2019|Daily Commentary|

Tuesday, July 9, 2019

[Reuters] Global stocks drop for third day, BASF warning stings Europe [Reuters] Oil rises towards $65 as supply concerns outweigh trade disputes [Reuters] U.S., China to relaunch talks with little changed since deal fell apart [...]

July 8th, 2019|Daily Commentary|

Monday, July 8, 2019

[Reuters] Global shares muted as prospect of sharp U.S. rate cut fades [Reuters] China stocks fall as U.S. rate cut expectations ease; new listings weigh [Reuters] Oil prices tread water as market eyes global risks [...]

July 7th, 2019|Daily Commentary|

Sunday, July 7, 2019

[Reuters] Erdogan says Turkish cenbank chief ousted for refusing rate cuts: report [Yahoo/Bloomberg] Deutsche Bank Drastic Overhaul Set to Return Lender to Roots [Reuters] Iran ratchets up nuclear tensions with enrichment plan [Reuters] China's envoy [...]

July 7th, 2019|Daily Commentary|

Saturday, July 6, 2019

[CNBC] Democracies are on track to lose their global economic dominance as ‘authoritarian capitalism’ rises [Reuters] Turkey's Erdogan fires central bank chief as policy rifts deepen [Bloomberg] Trump Says Fed ‘Doesn’t Have a Clue’ [Bloomberg] [...]

July 6th, 2019|Daily Commentary|

Friday, July 5, 2019

[Reuters] Wall Street lower after June jobs data [Reuters] Treasuries - U.S. yields rise further as job growth rebounds [Reuters] Money Markets - Traders trim bets on bold Fed rate cut in July [Reuters] Crude [...]

July 4th, 2019|Daily Commentary|

Thursday, July 4, 2019

[Reuters] Collapsing bond yields push world stocks to new highs [Reuters] German 10-year bond yield below ECB deposit rate for first time [CNBC] Trump tweet sparks concerns that the US may raise tariffs on Europe [...]

July 3rd, 2019|Daily Commentary|

Wednesday, July 3, 2019

[Reuters] Stocks rally as bond yields plough new lows [Reuters] Gold gains on growth worries, monetary easing bets [Reuters] Dollar struggles as U.S. yields fall, dovish BoE weighs on pound [AP] US trade deficit rises [...]

July 2nd, 2019|Daily Commentary|

Tuesday, July 2, 2019

[Reuters] Relief rally fades as growth fears loom [Reuters] Oil falls on demand worries even as OPEC, allies extend cuts [Reuters] Gold gains as weak economic data hints at global slowdown [Reuters] Treasuries - U.S. [...]

July 1st, 2019|Daily Commentary|

Monday, July 1, 2019

[Reuters] Wall St. eyes return to record highs as stocks cheer trade reprieve [Reuters] Asia's factory activity shrinks, U.S.-China trade truce fails to brighten outlook [CNBC] Morgan Stanley on trade truce: No real progress, downside [...]

June 30th, 2019|Daily Commentary|

Sunday, June 30, 2019

[Reuters] China warns of long road ahead for deal with U.S. after ice-breaking talks [Reuters] China's June factory activity shrinks faster than expected: official PMI [Reuters] China's service sector activity grows at slower pace in [...]

June 29th, 2019|Daily Commentary|

Saturday, June 29, 2019

[Reuters] 'Back on track': China and U.S. agree to restart trade talks [CNBC] Trump says he agreed with Xi to hold off on new tariffs and to let Huawei buy US products [Reuters] G20 stops [...]

June 29th, 2019|Daily Commentary|

Friday, June 28, 2019

[Reuters] Markets brace for crucial G20 signals [Reuters] Futures higher with G20 summit, inflation data in focus [Reuters] Gold gains on U.S.-China trade jitters; heads for best month in 3 years [CNBC] US consumer spending [...]

June 27th, 2019|Daily Commentary|

Thursday, June 27, 2019

[Reuters] Sino-U.S. trade truce hopes rekindle risk appetite [CNBC] China is not budging ahead of Xi-Trump G-20 meeting [CNBC] China’s Xi to present Trump with terms for settling trade deal: WSJ [Reuters] U.S., China agree [...]

June 26th, 2019|Daily Commentary|

Wednesday, June 26, 2019

[Reuters] Global stocks gain as trade talk hopes rise, rate-cut pressure ebbs [MarketWatch] U.S. trade deficit in goods widens 5.1% to $74.5 billion in May [AP] US durable goods orders fall 1.3% in May with [...]

June 25th, 2019|Daily Commentary|

Tuesday, June 25, 2019

[Reuters] Trade stress, Iran tensions hits stocks, dollar frets on Fed doves [Reuters] Dollar weighed by Fed prospects; Swiss franc, gold shine on geopolitics [Bloomberg] Gold Jumps to Highest in Almost 6 Years Fueled by [...]

June 24th, 2019|Daily Commentary|

Monday, June 24, 2019

[AP] World shares mixed ahead of Trump-Xi meet at G-20 summit [Reuters] Gold rises above $1,400 on cenbank stimulus hopes, U.S.-Iran tensions [Reuters] Oil up on U.S.-Iran tensions but demand concerns cap gains [Reuters] China [...]

June 23rd, 2019|Daily Commentary|

Sunday, June 23, 2019

[CNBC] Trump says he never threatened to demote Federal Reserve Chairman Jerome Powell [Reuters] Trump says new sanctions on Iran to start Monday, dials back rhetoric [Reuters] Johnson's domestic dispute fuels debate in Britain [...]

June 23rd, 2019|Daily Commentary|

Saturday, June 22, 2019

[Reuters] China state media urges U.S. to drop win-at-all-costs trade stance [Reuters] Iran says it will respond firmly to any U.S. threat as tension spikes [Bloomberg] Fed Loses Its Patience and Almost Everything You Can [...]

June 22nd, 2019|Daily Commentary|

Friday, June 21, 2019

[Reuters] Wall St. slips as Iran tensions rise [Reuters] Iran-U.S. tensions take the edge off world stocks rally [CNBC] Gold spikes above $1,400 per ounce to prices not seen in nearly 6 years [MSN/NYT] Trump [...]

June 20th, 2019|Daily Commentary|

Thursday, June 20, 2019

[Reuters] Fed rate-cut signal sends stocks up, bond yields and dollar down [Reuters] Gold soars to 5-year peak as US Fed signals rate cut [CNBC] 10-year Treasury yield drops as low as 1.97%, first time [...]

June 19th, 2019|Daily Commentary|

Wednesday, June 19, 2019

[Reuters] Central banks' dovish cooing keeps world stocks lulled near two-week highs [Reuters] Oil inches down as inventory data counters trade deal hopes [AP] Fed could signal a policy shift toward future rate cuts [Reuters] [...]

June 18th, 2019|Daily Commentary|

Tuesday, June 18, 2019

[Reuters] Wall Street higher on hopes of accommodative Fed [Reuters] 'Super Mario' shock: euro slides, yields hit new lows [CNBC] Global bond yields are cratering with French bond rates now at zero and the US [...]

June 17th, 2019|Daily Commentary|

Monday, June 17, 2019

[Reuters] Stocks, dollar hold gains with all eyes on Fed meeting [Reuters] Oil prices fall 1% as economic worries outweigh tanker tensions [CNBC] Trump ‘perfectly happy’ to slap further tariffs on China if no deal [...]

June 16th, 2019|Daily Commentary|

Sunday, June 16, 2019

[Reuters] China prepared for long trade fight with the U.S.: party journal [MarketWatch] Five things to watch in the pivotal Fed meeting [Reuters] Chinese regulators will restructure Baoshang Bank as soon as possible [Reuters] India [...]

June 16th, 2019|Daily Commentary|

Saturday, June 15, 2019

[CNBC] The Fed won’t cut rates at its June meeting. Here’s why [Reuters] Bowing to pressure, Hong Kong leader suspends extradition bill [Reuters] Breakingviews - Beijing yields to Hong Kong’s financial clout [Reuters] Trump says [...]

June 15th, 2019|Daily Commentary|

Friday, June 14, 2019

[Reuters] China data, Gulf tensions see bond yields slip, stocks suffer [FXStreet] Poor Chinese data sends Gold to 14-month high [Reuters] Oil set for weekly loss as demand fears outweigh geopolitics [Reuters] U.S. retail sales [...]

June 13th, 2019|Daily Commentary|

Thursday, June 13, 2019

[Reuters] Oil surges after Gulf tanker attacks, stocks claw higher [Reuters] Base metals fall amid trade uncertainty, weak China data [Reuters] Oil tanker attacks in Gulf of Oman fuel security, oil supply fears [Reuters] China [...]

June 12th, 2019|Daily Commentary|

Wednesday, June 12, 2109

[Reuters] Shares snap seven-day hot streak [CNN] Hong Kong stocks fall as huge protests hit financial center [Reuters] Oil falls over 2% on weaker demand growth, gain in U.S. crude stocks [Reuters] Dollar hovers near [...]

June 11th, 2019|Daily Commentary|

Tuesday, June 11, 2019

[Reuters] World shares rally again on Trump tariff relief, Fed hopes [Reuters] U.S. underlying producer prices increase solidly in May [Reuters] China says will respond if U.S. escalates trade tension [Reuters] Under pressure, Fed faces [...]

June 10th, 2019|Daily Commentary|

Monday, June 10, 2019

[Reuters] Stocks climb on trade, rate cut optimism; yuan falters [Reuters] Oil rises as Saudi sees OPEC, Russia restricting supplies for longer [Reuters] China stays silent on G20 Xi-Trump meeting, but says door open for [...]

June 9th, 2019|Daily Commentary|

Sunday, June 9, 2019

[Reuters] G20 finance chiefs express concern over risks from 'intensified' trade conflict [CNBC] Trump is ‘perfectly happy’ to hit China with new tariffs if Xi meeting doesn’t go well, Mnuchin says [Reuters] Italy's ruling parties [...]

June 9th, 2019|Daily Commentary|

Saturday, June 8, 2019

[Reuters] U.S. Treasury's Mnuchin says Trump-Xi meeting has parallels to Buenos Aires summit [Reuters] G20 finance chiefs to warn of trade risks, differ on how 'pressing' [Reuters] China to curb some technology exports to U.S.: [...]

June 8th, 2019|Daily Commentary|

Friday, June 7, 2019

[Reuters] Stocks gain after sharp slowdown in May jobs growth [CNBC] 10-year Treasury yield drops below 2.06%, its lowest since September 2017, after bad jobs report [Reuters] Dollar falls to 2-1/2 month low after U.S. [...]

June 6th, 2019|Daily Commentary|

Thursday, June 6, 2019

[Reuters] Rate cut bets buoy U.S. stocks despite rise in trade tensions [Reuters] Yen gains on U.S.-Mexico trade woes; ECB awaited [Reuters] Trump threatens China with tariffs on further $300 billion of goods [AP] China [...]

June 5th, 2019|Daily Commentary|

Wednesday, June 5, 2019

[Reuters] Fed's slipstream leaves stocks beaming, dollar subdued [MarketWatch] Gold prices jump, head for longest win streak in 1 ½ years [Reuters] Oil slides on U.S. inventory build, equity rally caps losses [CNBC] Job growth [...]

June 4th, 2019|Daily Commentary|

Tuesday, June 4, 2019

[Reuters] Stocks fend off tech problems; bonds stay strong [Reuters] Oil falls to lowest since January on economic slowdown [Reuters] U.S. firms fret as China's FedEx probe, planned hit-list heightens trade frictions [Reuters] China issues [...]

June 3rd, 2019|Daily Commentary|

Monday, June 3, 2019

[Reuters] Stocks drop as trade tensions spark recession fears, flight to safety [Reuters] Bonds 'on fire' as flight to safety gathers momentum [Reuters] Gold hits 2-month high as recession worries drive safe-haven demand [Reuters] Yen, [...]

June 2nd, 2019|Daily Commentary|

Sunday, June 2, 2019

[Reuters] China says U.S. can't use pressure to force trade deal [Reuters] China and U.S. clash again on trade and regional security [AP] China blames US for trade dispute, says it won’t back down [CNBC] [...]

June 2nd, 2019|Daily Commentary|

Saturday, June 1, 2019

[Reuters] U.S. begins collecting higher tariffs on Chinese goods arriving by sea [Reuters] Mexico eyes steps to cut immigrant flows to U.S. border, official says [AP] Trump digs in on Mexican import tariffs despite uproar [...]

June 1st, 2019|Daily Commentary|

Friday, May 31, 2019

[Reuters] Stocks slide as Trump threatens tariffs on Mexico [CNBC] US 10-year yield collapses to 2.16% as Trump’s surprise Mexico tariffs stoke recession worries [Reuters] Yen surges as Trump's Mexico threat fuels recession fears [Reuters] [...]

May 30th, 2019|Daily Commentary|

Thursday, May 30, 2019

[Reuters] Global stocks steady, yields bounce [Reuters] Defying rate-cut expectations, dollar gains for fourth month [MarketWatch] Trade deficit widens in April as exports and imports drop [CNBC] First-quarter economic growth up 3.1%, better than Wall [...]

May 29th, 2019|Daily Commentary|

Wednesday, May 29, 2019

[Reuters] Stocks slide as rising trade tensions fuel slowdown worries [Reuters] Bond bulls get a boost as trade tensions fan recession fears [CNBC] 3-month yield tops 10-year rate in widest curve inversion since financial crisis [...]

May 28th, 2019|Daily Commentary|

Tuesday, May 28, 2019

[Reuters] Stocks rally cut off by EU threats over Italy's budget [CNBC] 10-year Treasury yield drops to 19-month low as trade fights threaten US growth [Reuters] Oil defies trade fears as prices rise on tight [...]

May 27th, 2019|Daily Commentary|

Monday, May 27, 2019

[Reuters] European stocks gain on EU election relief and auto shares surge [Reuters] Gold edges up to 1-week high as U.S.-China trade worries persist [Reuters] Oil rises to $69 as Mideast tension and supply cuts [...]

May 26th, 2019|Daily Commentary|

Sunday, May 26, 2019

[Reuters] China says U.S. demand on its state-owned enterprises is 'invasion' on economic sovereignty [Reuters] China to offer liquidity to Baoshang Bank [Reuters] ECB's Weidmann sees no need for policy action [Reuters] Libya's Haftar rules [...]

May 26th, 2019|Daily Commentary|

Saturday, May 25, 2019

[Reuters] Wall Street Weekahead: Trade protection doesn't have to exclude growth stocks [Reuters] China accuses U.S. officials of misleading public on trade war [Reuters] World faces 'clear and present danger' from trade war escalation [AP] [...]

May 25th, 2019|Daily Commentary|

Friday, May 24, 2019

[Reuters] Global stocks climb on muted trade hopes, sterling yo-yos as PM May quits [Reuters] Oil bounces back, but markets remain fragile amid trade disputes [Reuters] Tearful May resigns, paving way for Brexit confrontation with [...]

May 23rd, 2019|Daily Commentary|

Thursday, May 23, 2019

[Reuters] Stocks tumble on fears of possible U.S.-China tech cold war [Reuters] Trade woes sink shares, Brexit weighs on sterling [Reuters] Yen gains as trade woes, Brexit concerns shake investor confidence [CNBC] China says trade [...]

May 22nd, 2019|Daily Commentary|

Wednesday, May 22, 2019

[Reuters] Wall Street lower on fresh trade fears [Reuters] Investors run for safety amid threat of broader U.S.-China spat [Reuters] Prepare for difficult times, China's Xi urges as trade war simmers [CNBC] Treasury Secretary Mnuchin [...]

May 21st, 2019|Daily Commentary|

Tuesday, May 21, 2019

[Yahoo/Bloomberg] S&P Climbs With Europe Stocks; Bonds Mixed: Markets Wrap [AP] AP Explains: US sanctions on Huawei bite, but who gets hurt? [AP] Powell says he sees ‘moderate’ risk from corporate debt [Politico] 'Big 4' [...]

May 20th, 2019|Daily Commentary|

Monday, May 20, 2019

[Reuters] Stock markets slide as worries about Huawei fallout mount [Reuters] Oil surges after OPEC indicates it will maintain output cuts [Reuters] U.S., China bicker over 'extravagant expectations' on trade deal [CNBC] China in ‘no [...]

May 19th, 2019|Daily Commentary|

Sunday, May 19, 2019

[Reuters] Mideast Stocks - Property pulls down Dubai as most Gulf markets lower [Reuters] China's central bank says to keep yuan stable, in balanced range [BBC] Brexit: Theresa May plans 'bold offer' to get support [...]

May 19th, 2019|Daily Commentary|

Saturday, May 18, 2019

[Reuters] Wall Street Weekahead: Tariffs could lead to markdowns in retail shares [Reuters] Exclusive: U.S. may scale back Huawei trade restrictions to help existing customers [Reuters] Australia's conservative government moves into election-winning position [Reuters] Chinese [...]

May 18th, 2019|Daily Commentary|

Friday, May 17, 2019

[Reuters] Shares swoon as Beijing ramps up war of words [Reuters] Yen gains as euro and yuan troubled by European vote and trade [Reuters] After Huawei blow, China says U.S. must show sincerity for talks [...]

May 16th, 2019|Daily Commentary|

Thursday, May 16, 2019

[Reuters] Stocks rise after upbeat Cisco, Walmart earnings [Reuters] Oil rises for a third day amid escalating Mideast tensions [CNBC] US housing starts rose more than expected in April [Reuters] U.S. blacklists China's Huawei as [...]

May 15th, 2019|Daily Commentary|

Wednesday, May 15, 2019

[Reuters] Global stocks bounce fades on grim China data, Italy woes [Reuters] China lowers yuan mid-point to weakest level in 4-1/2 months [CNBC] Retail sales declined in April, missing expectations [Newsweek] U.S. State Department Evacuates [...]

May 14th, 2019|Daily Commentary|

Tuesday, May 14, 2019

[Reuters] World stocks hover near two-month low, investor fears over U.S.-China trade war ease [Reuters] Oil prices jump on drone attack on Saudi Aramco facilities [Reuters] Trump defends China trade battle, vows deal will happen [...]

May 13th, 2019|Daily Commentary|

Monday, May 13, 2019

[Reuters] U.S.-China trade setback prolongs the global equities slide [Reuters] Chinese yuan falls to 2019 low on U.S.-China trade setback [Reuters] Yen firms but yuan, Aussie slip as U.S.-China trade war heats up [Reuters] JGBs [...]

May 12th, 2019|Daily Commentary|

Sunday, May 12, 2019

[CNBC] Trump tells China to ‘act now’ on trade or face a ‘far worse’ deal in his second term [Reuters] Wall St Week Ahead-Trade turbulence shows market vulnerability as stocks get pricier [Reuters] U.S. [...]

May 12th, 2019|Daily Commentary|

Saturday, May 11, 2019

[Reuters] China, U.S. to hold more trade talks as Trump ratchets up tariff threat [AP] Chinese envoy says trade talks with US have not broken down [AP] Trump has long seen previous US trade agreements [...]

May 11th, 2019|Daily Commentary|

Friday, May 10, 2019

[Reuters] Wall St. lower on worries of protracted trade dispute [Reuters] Safe-haven yen, Swiss franc stand tall as trade tensions mount [Reuters] Oil rallies on hopes for U.S.-China trade deal [Reuters] U.S. escalates trade war [...]

May 9th, 2019|Daily Commentary|

Thursday, May 9, 2019

[Reuters] Global Markets-Shares sink as U.S.-China trade talks go to the wire [Bloomberg] China's Yuan Tumbles to Lowest Since January on Trade War Fear [Reuters] Gold prices hold firm ahead of U.S.-China trade talks [Reuters] [...]

May 8th, 2019|Daily Commentary|

Wednesday, May 8, 2019

[Reuters] Investors sell shares, shelter in bonds before make-or-break trade talks [Reuters] Treasuries - Worries about U.S.-China trade talks push U.S. yields to 5-week lows [Reuters] Dollar slips as trade tensions raise rate cut expectations [...]

May 7th, 2019|Daily Commentary|

Tuesday, May 7, 2019

[Reuters] Trade worries keep shares weak, Turkey reels again [Reuters] German bond yields, Italy bank shares down on European Commission f'casts [Reuters] Oil prices under pressure from U.S.-China trade dispute, market remains tense [Reuters] U.S.: [...]

May 6th, 2019|Daily Commentary|

Monday, May 6, 2019

[Reuters] Stocks, commodities tumble after Trump vows China tariff hike [CNBC] Chinese markets plunge more than 5% as US-China trade tensions escalate [CNBC] Chinese yuan tumbles as Trump’s tariff threats sting markets [Reuters] Treasuries - [...]

May 5th, 2019|Daily Commentary|

Sunday, May 5, 2019

[Bloomberg] U.S.-China Trade Deal Talks Enter Endgame: Global Economy Week [Bloomberg] One Word Grips the Bond Market Before Crucial Inflation Update [Bloomberg] A $300 Billion Blowup Has Traders Bracing for War in Washington [Reuters] UK [...]

May 5th, 2019|Daily Commentary|

Saturday, May 4, 2019

[Reuters] UK politicians can reach Brexit deal in next few days: Scottish Conservative leader [Reuters] Erdogan says Turkey ready to support international investors [Reuters] Iran must resist U.S. sanctions through oil, non-oil exports: Rouhani [Reuters] [...]

May 4th, 2019|Daily Commentary|

Friday, May 3, 2019

[Reuters] Stocks extend gains in choppy trading after jobs data [AP] US adds robust 263K jobs; unemployment at 49-year low: 3.6% [Bloomberg/Yahoo] U.S. Goods-Trade Gap Widens to $71.4 Billion on Import Increase [Reuters] Take Five: [...]

May 2nd, 2019|Daily Commentary|

Thursday, May 2, 2019

[Reuters] Stocks slip, dollar drifts after Fed cools rate cut bets [Reuters] Oil prices dip on record U.S. output, but global market tense [Reuters] U.S. first quarter productivity rise fastest since 2014; labor costs fall [...]

May 1st, 2019|Daily Commentary|

Wednesday, May 1, 2019

[Reuters] Stocks bounce as investors cheer Apple results [Reuters] Oil steady on swelling U.S. stockpiles, Venezuela uncertainty [CNBC] Private payrolls surge by 275,000 in April, blowing past estimates and biggest gain since July [Reuters] China, [...]

April 30th, 2019|Daily Commentary|

Tuesday, April 30, 2019

[Reuters] Equities drop after China data; euro zone growth lifts single currency [AP] Fed likely to underscore a message: No rates hikes in 2019 [CNBC] Home prices continued to grow at a slower rate in [...]

April 29th, 2019|Daily Commentary|

Monday, April 29, 2019

[Reuters] Global shares turn flat as sentiment wanes [Reuters] U.S. consumer spending posts biggest gain since 2009 [CNBC] Core personal consumption expenditures index unchanged in March, vs 1.7% increase expected [Reuters] Mnuchin hopes latest talks [...]

April 28th, 2019|Daily Commentary|

Sunday, April 28, 2019

[Reuters] Trump pressed Japan's Abe to build more vehicles in the U.S. [Reuters] Spanish voter turnout at 41.4 percent at 2 p.m. - higher than in 2016 election [Reuters] U.S. general says will ensure necessary [...]

April 28th, 2019|Daily Commentary|

Friday, April 26, 2019

[Reuters] Stocks turn positive after upbeat U.S. GDP data [Reuters] Oil dips on hope OPEC will raise output, but market remains tense [Reuters] Volatile trade, inventories boost U.S. growth to 3.2 percent in first quarter [...]

April 25th, 2019|Daily Commentary|

Thursday, April 25, 2019

[Reuters] World stocks slip, euro suffers, growth fears linger [Bloomberg/] Lira Falls as Central Bank Removes Pledge for Further Tightening [Reuters] U.S. weekly jobless claims post biggest rise in 19 months [AP] US durable [...]

April 24th, 2019|Daily Commentary|

Wednesday, April 24, 2019

[Reuters] European shares hit highest since August on Credit Suisse, SAP [Reuters] Oil dips on well supplied markets despite tighter Iran sanctions [Reuters] Lighthizer, Mnuchin to hold trade talks next week in Beijing -White House [...]

April 23rd, 2019|Daily Commentary|

Tuesday, April 23, 2019

[Reuters] Stocks splutter as oil races to near six-month high [Reuters] Oil hits highest since November as U.S. to tighten Iran sanctions [Reuters] Italian bond yields hit seven-week high as govt tensions grow, rating review [...]

April 22nd, 2019|Daily Commentary|

Monday, April 22, 2019

[Reuters] Stocks pull back ahead of earnings; oil stocks jump [Reuters] Oil hits 2019 high on U.S. plan to tighten squeeze on Iran [Reuters] China stocks fall from 13-month high on worries Beijing may slow [...]

April 21st, 2019|Daily Commentary|

Sunday, April 21, 2019

[Reuters] Financial market 'pause party' makes Fed rate cut less likely [Reuters] In nod to debt concerns, China Belt and Road summit to urge sustainable financing [Bloomberg] Swiss Rates Can Be Lowered Further, SNB's President [...]

April 21st, 2019|Daily Commentary|

Saturday, April 20, 2019

[Reuters] U.S. intelligence says Huawei funded by Chinese state security: report [Reuters] North Korea slams Bolton's 'dim-sighted' call for sign of denuclearization [Reuters] China to show new warships as Beijing flexes military muscle on navy [...]

April 20th, 2019|Daily Commentary|

Friday, April 19, 2019

[Bloomberg] Stocks Mixed in Holiday Hit Trading; Dollar Steady: Markets Wrap [Reuters] JGB yields rise as BOJ trims debt purchase amount [Reuters] U.S. housing starts fall to near to two-year low; permits weak [Reuters] Japan [...]

April 18th, 2019|Daily Commentary|

Thursday, April 18, 2019

[Reuters] Poor PMIs wipe week's gains off global shares [Reuters] Treasuries-Yields rise from lows after U.S. retail sales data [Reuters] U.S. retail sales post biggest gain in one-and-a-half years in March [Reuters] U.S. weekly jobless [...]

April 17th, 2019|Daily Commentary|

Wednesday, April 17, 2019

[Reuters] Comforting China data puts Wall Street records within reach [Reuters] Oil prices rise for a second day on China demand, U.S. stockpile drop [Reuters] U.S. trade deficit narrows to eight-month low in February [Reuters] [...]

April 16th, 2019|Daily Commentary|

Tuesday, April 16, 2019

[Reuters] Stocks march to new highs as European volatility vanishes [Reuters] China's home prices rise faster in March aided by policy support [Reuters] Will upbeat economic data make China tap the brakes on monetary easing? [...]

April 15th, 2019|Daily Commentary|

Monday, April 15, 2019

[Reuters] Stocks advance ahead of earnings; bonds stable [Reuters] Exclusive: U.S. waters down demand China ax subsidies in push for trade deal - sources [Reuter] U.S. to use all economic, political tools to hold Maduro [...]

April 14th, 2019|Daily Commentary|

Sunday, April 14, 2019

[Reuters] Wall St Week Ahead-Industrials' gains put to test as earnings ramp up [Reuters] Mnuchin says hopes U.S.-China trade talks nearing 'final round' [Reuters] As Trump pressures Powell, Wall Street gives Fed a passing grade [...]

April 14th, 2019|Daily Commentary|

Saturday, April 13, 2019

[Reuters] Criticism mounts of Trump pick for U.S. Federal Reserve [Reuters] Take Five: Wall Street calling! World market themes for the week ahead [Reuters] Kuroda brushes aside view BOJ has run out of tools to [...]

April 13th, 2019|Daily Commentary|

Friday, April 12, 2019

[Reuters] Oil has best run in three years; JPM earnings boost stocks [Reuters] Oil prices firm amid OPEC supply cuts, U.S. sanctions on Iran and Venezuela [CNBC] JP Morgan shares surge after bank posts record [...]

April 11th, 2019|Daily Commentary|

Wednesday, April 10, 2019

[Reuters] Wall Street slightly higher, focus shifts to Fed minutes[ [Reuters] U.S. consumer prices post biggest increase in 14 months [Reuters] U.S. mortgage applications retreat from 2-1/2 year peak [Reuters] ECB keeps easy policy unchanged [...]

April 9th, 2019|Daily Commentary|

Tuesday, April 9, 2019

[Reuters] Global share rally cools as U.S. turns up trade heat on Europe [Reuters] Gold holds near one-week high on subdued dollar, equities [Reuters] Trump slams EU in aircraft dispute, pushes tariffs on $11 billion [...]

April 8th, 2019|Daily Commentary|

Monday, April 8, 2019

[Reuters] Investors hit pause as ECB and Brexit risks loom [Reuters] Oil at 5-month highs amid OPEC-led supply cuts, U.S. sanctions [Reuters] Gold scales one-week high as dollar slips, stocks rally pauses [Reuters] U.S. home [...]

April 7th, 2019|Daily Commentary|

Sunday, April 7, 2019

[Reuters] Wall St Week Ahead-RPT-Big banks to report Q1 results with lowered expectations [Reuters] New NAFTA deal 'in trouble', bruised by elections, tariff rows [Reuters] Cain nomination for Federal Reserve seat 'still stands': Mulvaney [Reuters] [...]

April 7th, 2019|Daily Commentary|

Saturday, April 6, 2019

[Reuters] G20 must tackle root causes of trade tensions that threaten growth: EU [Reuters] U.S. ratchets up pressure on Venezuela, Cuban backers [Reuters] U.S. to designate elite Iranian force as terrorist organization [Bloomberg] Djibouti [...]

April 6th, 2019|Daily Commentary|

Friday, April 5, 2019

[Reuters] Stocks extend gains after job growth rebounds in March [CNBC] Job market bounces back in March with 196,000 gain in payrolls [Reuters] Trump says U.S-China trade deal may be reached in four weeks [CNBC] [...]

April 4th, 2019|Daily Commentary|

Thursday, April 4, 2019

[Reuters] Stocks stall on trade jitters, German economy angst [Reuters] U.S. weekly jobless claims lowest since 1969 [Reuters] Japan policymakers shun 'Modern Monetary Theory' as dangerous [AP] German economy forecast to slow sharply [Bloomberg] There's [...]

April 3rd, 2019|Daily Commentary|

Wednesday, April 3, 2019

[Reuters] World stocks at six-month highs on optimism over U.S.-China trade, soft Brexit hopes [Reuters] Oil nears $70, hovers near five-month highs on cuts and sanctions [Reuters] U.S. private sector adds 129,000 jobs in March: [...]

April 2nd, 2019|Daily Commentary|

Tuesday, April 2, 2019

[AP] Global stocks retain momentum from upbeat economic data [Reuters] Oil rises on Iran sanctions threat, Venezuela shutdown [Reuters] U.S. core capital goods orders slip in February, shipments unchanged [BBC] Brexit: What just happened? [CNBC] [...]

April 1st, 2019|Daily Commentary|

Monday, April 1, 2019

[Reuters] Shares surge on China's factory rebound, trade optimism [Reuters] Oil prices push higher as supply worries drive gains [Reuters] U.S. retail sales unexpectedly fall in February [CNBC] China’s factory activity unexpectedly grows in March, [...]

March 31st, 2019|Daily Commentary|

Sunday, March 31, 2019

[Reuters] Fed policymakers do not want rate cuts, not even the doves [Reuters] China March factory activity grows for first time in four months, but exports weak [Reuters] UK's May risks "total collapse" of government [...]

March 30th, 2019|Daily Commentary|

Saturday, March 30, 2019

[Reuters] All Brexit options are on the table -UK Conservatives chair [Reuters] U.S. investors seek comfort in flood of data [Reuters] Exclusive: More than 1 million acres of U.S. cropland ravaged by floods [Bloomberg] [...]

March 30th, 2019|Daily Commentary|

March 29, 2019: Everything Rally

From the global Bubble perspective, it was one extraordinary quarter worthy of chronicling in some detail. The “Everything Rally,” indeed. Markets turned even more highly synchronized – across the globe and across asset classes. As [...]

March 30th, 2019|Weekly Commentary|