News Room

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

Wednesday, June 23, 2021

[Yahoo/Bloomberg] Asian Stocks Steady After Soothing Fed Comments: Markets Wrap [Reuters] Dollar in retreat as Powell says Fed won't raise rates on 'fear' of inflation [Yahoo/Bloomberg] Oil Climbs Above $73 With Report Pointing to Falling [...]

June 22nd, 2021|Uncategorized|

Tuesday, June 22, 2021

[Yahoo/Bloomberg] Stocks Steady Before Fed Testimony: Markets Wrap [Yahoo/Bloomberg] Treasury Yields Rebound From Post-Fed Plunge to Multi-Month Lows [Reuters] Gold ticks up on subdued dollar ahead of Fed chief's testimony [CNBC] Bitcoin falls again, breaking [...]

June 21st, 2021|Uncategorized|

Monday, June 21, 2021

[Yahoo/Bloomberg] Stocks Advance as Fed Jitters Ease; Asia Slumps: Markets Wrap [Reuters] Stocks clamber up from 4-week lows, dollar eases from 10-week high [CNBC] Japan’s Nikkei 225 plunges 4%, leading losses across major markets in [...]

June 20th, 2021|Uncategorized|

Sunday, June 20, 2021

[Yahoo/Bloomberg] Iran Result Dims Chances of Rapid Oil Return, Analyst Says [CNBC] Supply chain snafus could affect what’s available to you on Amazon Prime Day [Yahoo/Bloomberg] World Powers Meet on Nuclear Deal After Iran Hardliner [...]

June 20th, 2021|Uncategorized|

Saturday, June 19, 2021

[Reuters] Wall St Week Ahead: Fed shift causes rally in value stocks to wobble [Reuters] Exclusive: Fed’s Kashkari opposed to rate hikes at least through 2023 [Yahoo/Bloomberg] Commodities Bulls Nurse Their Wounds But Fight’s Not [...]

June 19th, 2021|Uncategorized|

June 18, 2021: Heels Dislodged

It was a fascinating set up. A pivotal FOMC meeting two days ahead of quarterly “quadruple witch” expiration of options and other derivatives. Option expiration-related volatility used to be largely [...]

June 19th, 2021|Uncategorized|

Friday, June 18, 2021

[Yahoo/Bloomberg] U.S. Stocks, Bonds Slide on Taper Fear: Markets Wrap [Yahoo/Bloomberg] Crude Oil Declines With Commodities Pressured by Fed’s Plan [CNBC] Fed’s Jim Bullard sees first interest rate hike coming as soon as 2022 [...]

June 17th, 2021|Uncategorized|

Thursday, June 17, 2021

[Yahoo/Bloomberg] U.S. Stocks, Commodities Drop; Dollar Rises: Markets Wrap [Reuters] Hawkish Fed fuels dollar, leaves stocks and bonds bruised [Reuters] Gold slides below $1,800/oz after Fed's hawkish tilt [AP] US jobless claims tick up to [...]

June 16th, 2021|Uncategorized|

Wednesday, June 16, 2021

[Yahoo/Bloomberg] U.S. Stocks Waver, Bonds Steady on FOMC Day: Markets Wrap [Yahoo/Bloomberg] Gold Holds Near Four-Week Low as Investors Await Fed Meeting [Reuters] Fed expected to signal start of monetary policy shift debate [Reuters] U.S. [...]

June 15th, 2021|Uncategorized|

Tuesday, June 15, 2021

[Yahoo/Bloomberg] Stocks Signal Calm Before Fed; Bonds Steady: Markets Wrap [Reuters] Shares in record-setting spree as Fed meeting looms [Reuters] Gold holds tight range as markets await Fed cues [CNBC] Producer prices climb 6.6% in [...]

June 14th, 2021|Uncategorized|

Monday, June 14, 2021

[Yahoo/Bloomberg] U.S. Stocks Steady; Bonds Pause Rally as Fed Eyed: Markets Wrap [Reuters] World stocks near record high as investors await dovish Fed act [Reuters] Dollar firms in big week for FX markets; pound struggles [...]

June 13th, 2021|Uncategorized|

Sunday, June 13, 2021

[Reuters] Wall St Week Ahead Fed meeting looms for stocks as inflation worries collide with 'Goldilocks' markets [Reuters] G7 calls out China over Xinjiang, Hong Kong and Taiwan - draft communique [Yahoo/Bloomberg] Fed Dot Plot [...]

June 13th, 2021|Uncategorized|

Friday, June 11, 2021

[Yahoo/Bloomberg] U.S. Stocks Gain Amid Optimism Over Fed Policy: Markets Wrap [Yahoo/Bloomberg] Gold Pares Post-CPI Gain as Dollar and Yields Rebound [Yahoo/Bloomberg] U.S. Yields Set for Biggest Weekly Drop in a Year as Shorts Exit [...]

June 10th, 2021|Uncategorized|

Thursday, June 10, 2021

[Yahoo/Bloomberg] U.S. Stocks Mixed, Treasuries Fall After CPI Data: Markets Wrap [Reuters] World shares, dollar hit pause ahead of U.S. inflation data [CNBC] U.S. consumer price index rose 5% year-over-year, vs. 4.7% estimate [Yahoo/Bloomberg] Gain [...]

June 9th, 2021|Uncategorized|

Wednesday, June 9, 2021

[Yahoo/Bloomberg] Dollar Stalls, Yields Ease as Stocks Trade Mixed: Markets Wrap [Reuters] Bond yields hit fresh 1-month low as taper bets recede [Yahoo/Bloomberg] Newest Meme Stocks Extend Gains With No Sign of Craze Fading [Reuters] [...]

June 8th, 2021|Uncategorized|

Tuesday, June 8, 2021

[Yahoo/Bloomberg] Stocks, Treasuries, Dollar Advance Amid Inflation Caution: Markets Wrap [Reuters] Global Markets - Dollar shuffles higher, shares bask near peaks [Reuters] Gold prices hover near $1,900/oz on subdued U.S. dollar, yields [Yahoo/Bloomberg] Oil Extends [...]

June 7th, 2021|Uncategorized|

Monday, June 7, 2021

[Reuters] Stocks pinned near record highs as markets digest U.S. jobs data, global tax deal [Reuters] Oil eases as investors await Iran nuclear talks this week [Reuters] From lapsing job benefits to full stadiums, June [...]

June 6th, 2021|Uncategorized|

Sunday, June 6, 2021

[Yahoo/Bloomberg] Bitcoin Drops Amid Weibo Crypto Suspensions, Goldman CIO Survey [AP] US economy: Plenty of growth, not enough workers or supplies [AP] States rebound from bleak forecasts to pass record budgets [Yahoo/Bloomberg] ECB Isn’t About [...]

June 6th, 2021|Uncategorized|

Saturday, June 5, 2021

[Yahoo/Bloomberg] G-7 Strikes Historic Deal to Revamp Global Tax on Tech Firms [Reuters] G7 finance ministers agree global minimum tax of at least 15% [Reuters] G7 nations strike deal to tax big companies and squeeze [...]

June 5th, 2021|Uncategorized|

June 4, 2021: Turned Tight

U.S. Non-Farm Payrolls increased 559,000 in May, about double April’s 278,000 gain, but still below the 675,000 consensus forecast. Average Hourly Earnings rose a stronger-than-expected 0.5% for the month, with back-to-back robust monthly earnings gains [...]

June 5th, 2021|Uncategorized|

Friday, June 4, 2021

[Yahoo/Bloomberg] U.S. Stocks Rise, Dollar Drops After Hiring Data: Markets Wrap [Reuters] Global Markets - Dollar climbs, stocks steady as markets await U.S. data [Yahoo/Bloomberg] Oil Climbs Near Highest Since 2018 With More Iran Talks [...]

June 3rd, 2021|Uncategorized|

Thursday, June 3, 2021

[Yahoo/Bloomberg] U.S. Stocks Drop on Geopolitics, Fed: Markets Wrap [Reuters] Stocks wobble on inflation concerns ahead of U.S. payrolls [Yahoo/Bloomberg] Gold Retreats After Fed Stimulus Comments, Dollar Gains [Reuters] Oil steady after sharp rise on [...]

June 2nd, 2021|Uncategorized|

Wednesday, June 2, 2021

[Yahoo/Bloomberg] U.S. Stocks Rise With Europe; Dollar Gains: Markets Wrap [Reuters] Stocks near highs on recovery bets as oil extends rally above $70 [Yahoo/Bloomberg] Oil Rises From Highest Since 2018 on Strengthening Demand [CNBC] AMC [...]

June 1st, 2021|Uncategorized|

Tuesday, June 1, 2021

[Yahoo/Bloomberg] Stocks Rise on Economic Data; Oil Jumps: Markets Wrap [Reuters] World stocks hit another record, oil up in big data week [Reuters] Gold scales near 5-month peak on weaker dollar, inflation worries [Yahoo/Bloomberg] Gold’s [...]

May 31st, 2021|Uncategorized|

Monday, May 31, 2021

[Yahoo/Bloomberg] Futures, Stocks Struggle With Jobs Data in View: Markets Wrap [Reuters] Asia shares try to extend rally ahead of U.S. jobs test [Yahoo/Bloomberg] Gold Heads for Biggest Monthly Gain Since July on Inflation Bets [...]

May 30th, 2021|Uncategorized|

Sunday, May 30, 2021

[Reuters] Rapid appreciation of China's yuan not sustainable, says former PBOC official [Yahoo/Bloomberg] Iran and World Powers Resume ‘Final Round’ of Nuclear Deal Talks [Bloomberg] This Time Is Different: Outside OPEC+, Oil Growth Stalls [Bloomberg] [...]

May 30th, 2021|Uncategorized|

Saturday, May 29, 2021

[Reuters] Money is cheap, let's spend it - White House $6 trillion budget message [Reuters] Pent-up demand, shortages fuel U.S. inflation [CNBC] Costco is seeing inflation abound, impacting a slew of consumer products [Yahoo/Bloomberg] Texas [...]

May 29th, 2021|Uncategorized|

May 28, 2021: The Wisdom of Benjamin Anderson

It’s perhaps the greatest issue confronting today’s global markets. It didn’t work in the U.S. in the late-twenties. Arguably, it was an unmitigated disaster. Beijing has begun moving more aggressively to rein in speculative excess, [...]

May 29th, 2021|Uncategorized|

Memorial Day Perspective – May 28, 2021

Memorial Day Perspective Memorial Day Weekend is a special time for most Americans. As citizens we honor the military personnel who have died performing their duties while serving in the United States Armed Forces. [...]

May 28th, 2021|Uncategorized|

Friday, May 28, 2021

[Yahoo/Bloomberg] U.S. Stocks Rise; Treasuries Steady: Markets Wrap [Yahoo/Bloomberg] Bitcoin Slumps as Traders Brace for a Volatile Long Weekend [Reuters] Stocks push for record high on $6 trillion U.S. spending hopes [CNBC] A key U.S. [...]

May 27th, 2021|Uncategorized|

Thursday, May 27, 2021

[Yahoo/Bloomberg] Stocks Fluctuate After Economic Data; Bonds Drop: Markets Wrap [Yahoo/Bloomberg] Gold Steadies Near Four-Month High as Central Banks in Focu [Yahoo/Bloomberg] Oil Declines Below $66 as Investors Await Outcome of Iran Talks [Reuters] U.S. [...]

May 26th, 2021|Uncategorized|

Wednesday, May 26, 2021

[Yahoo/Bloomberg] U.S. Stocks Rise as Inflation Fears Wane: Markets Wrap [Yahoo/Bloomberg] Gold Returns to Where It Started 2021 on Fed’s Dovish Commitment [Reuters] Dollar wallows at multi-month lows as Fed bangs dovish drum; kiwi jumps [...]

May 25th, 2021|Uncategorized|

Tuesday, May 25, 2021

[Yahoo/Bloomberg] Stocks Buoyed by Fed Price Comments; Dollar Slips: Markets Wrap [Reuters] Wall St to test record high on Fed balm as dollar languishes [Reuters] Oil near one-week high as prospect of Iran glut wanes [...]

May 24th, 2021|Uncategorized|

Monday, May 24, 2021

[Yahoo/Bloomberg] U.S. Stocks Gain; China’s Stance Weighs on Metals: Markets Wrap [Yahoo/Bloomberg] Oil Rallies Toward $65 With Iran Deal in Focus, Goldman Bullish [Reuters] Crypto miners halt China business after Beijing cracks down, bitcoin dives [...]

May 23rd, 2021|Uncategorized|

Sunday, May 23, 2021

[Reuters] Bitcoin falls 8.9% to $34,156 [Yahoo/Bloomberg] Global Rebound Euphoria Tests Central Bankers’ Nerves on Risk [Yahoo/Bloomberg] Meat Eaters Hit Hardest as Inflation Sweeps U.S. Grocery Aisles [MarketWatch] More investors than ever are borrowing to [...]

May 23rd, 2021|Uncategorized|

Volatility Rising – May 21, 2021

Volatility Rising Volatility reigned in markets this week. The VIX volatility index closed the week above $20, with the exception of gold and silver. Commodities sold off, and the U.S. dollar made new lows [...]

May 22nd, 2021|Uncategorized|

Saturday, May 22, 2021

[AP] Biden betting on wage growth, while GOP warns of inflation [CNBC] Workers’ wages are rising at the fastest pace in years. Companies’ profits could take a hit [Yahoo/Bloomberg] No One Was More Shocked by [...]

May 22nd, 2021|Uncategorized|

May 21, 2021: Just the Facts

For the Week: The S&P500 slipped 0.4% (up 10.6% y-t-d), and the Dow declined 0.5% (up 11.8%). The Utilities added 0.4% (up 4.7%). The Banks fell 1.0% (up 35.1%), and the Broker/Dealers declined 1.2% (up [...]

May 21st, 2021|Uncategorized|

Friday, May 21, 2021

[Yahoo/Bloomberg] U.S. Stocks Rise on Optimism Over Economy: Markets Wrap [Yahoo/Bloomberg] Gold Heads for Third Weekly Gain on Inflation Concerns [Reuters] Dollar heads for weekly loss as traders shrug off taper talk [AP] White House, [...]

May 20th, 2021|Uncategorized|

Thursday, May 20, 2021

[Yahoo/Bloomberg] U.S. Stocks Mixed After Jobs Data; Oil Declines: Markets Wrap [Yahoo/Bloomberg] Gold Near Four-Month High as Fed Signals Taper Talk Is Coming [Yahoo/Bloomberg] Bitcoin Claws Back to $40,000 After Crypto Market Meltdown [Yahoo/Bloomberg] Huarong [...]

May 19th, 2021|Uncategorized|

Wednesday, May 19, 2021

[Yahoo/Bloomberg] U.S. Stocks Drop on Inflation Concern: Markets Wrap [Reuters] Global Markets - Crypto crash deepens, stocks slip [Reuters] Gold prices hover near four-month high ahead of Fed minutes [CNBC] Bitcoin tanks 25% in 24 [...]

May 18th, 2021|Uncategorized|

Tuesday, May 18, 2021

[Yahoo/Bloomberg] U.S. Stocks Rise as Dollar Retreats: Markets Wrap [Reuters] Dollar slumps to multi-month lows as expectations of flat rates cement [Yahoo/Bloomberg] Gold Breaks Out to Top Three-Month High as Inflation Fears Grow [Reuters] Dollar [...]

May 17th, 2021|Uncategorized|

Monday, May 17, 2021

[Yahoo/Bloomberg] U.S. Stocks Drop With Europe; Gold Climbs: Markets Wrap [Yahoo/Bloomberg] Gold Hits Three-Month High as Speculators Increase Bullish Bets [Reuters] Global stocks press pause, gold hits 3-mth high on inflation concerns [Yahoo/Bloomberg] World’s Worst [...]

May 16th, 2021|Uncategorized|

Sunday, May 16, 2021

[Reuters] Job fears, price spikes mean heartburn for Biden White House as economy revs up [Dow Jones] Central Banks Jump Into Climate-Change Policy Fray [Yahoo/Bloomberg] Bond Vigilantes Swarm European Economies Where Inflation Is Hot [AP] [...]

May 16th, 2021|Uncategorized|

Saturday, May 15, 2021

[Reuters] Massive replenishment begins to ease U.S. fuel shortages [Yahoo/Bloomberg] Biden Aides See Political, Not Economic, Peril in Inflation Data [MSN/WP] High gas prices and shortages hit trucking industry, as nation critically needs gasoline and [...]

May 15th, 2021|Uncategorized|

May 14, 2021: Un-Anchored

A big week on the inflation front. April CPI was reported up 0.8% versus estimates of 0.2%. And while the 4.2% y-o-y increase was partly a function of the year ago negative CPI prints, it’s [...]

May 15th, 2021|Uncategorized|

Rising Tension – May 14, 2021

Rising Tension Despite a strong annualized Q1 GDP of 6.4%, expectations for an even stronger Q2 number, and an economic recovery that is widely considered to be significantly stronger and faster than expectations, the [...]

May 14th, 2021|Uncategorized|

Friday, May 14, 2021

[Yahoo/Bloomberg] U.S. Stocks Gain as Inflation Fears Ebb: Markets Wrap [Reuters] Gold rises as dollar retreats after Fed downplays inflation fears [Reuters] German 10-year bond yield set for biggest weekly rise since February [Yahoo/Bloomberg] U.S. [...]

May 13th, 2021|Uncategorized|

Thursday, May 13, 2021

[Yahoo/Bloomberg] U.S. Stocks Gain After Jobless Claims, PPI: Markets Wrap [Reuters] Europe flattened by snowballing global correction [Yahoo/Bloomberg] Oil Falls as Inflation Hits Sentiment and Colonial Pipe Restarts [Reuters] Dollar holds gains after inflation surprise; [...]

May 12th, 2021|Uncategorized|

Wednesday, May 12, 2021

[Yahoo/Bloomberg] Stocks Drop, Yields Rise After Inflation Surprise: Markets Wrap [Reuters] Inflation fears stalk stocks [Yahoo/Bloomberg] Taiwan Stocks Sink as Much as 8.6% on Virus Woes, Tech Rout [CNBC] U.S. consumer prices rose 4.2% in [...]

May 11th, 2021|Uncategorized|

Tuesday, May 11, 2021

[Yahoo/Bloomberg] Tech-Fueled Selloff Goes Global on Inflation Fears: Markets Wrap [Reuters] FANGS and BATS sell-off spooks world stocks [Yahoo/Bloomberg] Oil Declines With Inflation Fears Eroding Market Confidence [Yahoo/Bloomberg] Gold Holds Near Three-Month High as Inflation, [...]

May 10th, 2021|Uncategorized|

Monday, May 10, 2021

[CNBC] Dow climbs 300 points to another record, but sell-off in Big Tech drags Nasdaq down 1.5% [Yahoo/Bloomberg] Oil Rises With Gasoline as Cyberattack Knocks Out U.S. Pipeline [Reuters] Asian shares jump on hopes for [...]

May 9th, 2021|Uncategorized|

Sunday, May 9, 2021

[Reuters] Cyber attack shuts down top U.S. fuel pipeline network [Yahoo/Bloomberg] U.S. Fuel Sellers Scramble for Alternatives to Hacked Pipeline [Reuters] Restarting U.S. Pipeline Hit by Cyberattack May Not Be Easy [Dow Jones] The Mortgage [...]

May 9th, 2021|Uncategorized|

Saturday, May 8, 2021

[Yahoo/Bloomberg] U.S.’s Biggest Gasoline Pipeline Halted After Cyber-Attack [Dow Jones] What Happens to Stocks and Cryptocurrencies When the Fed Stops Raining Money? [Reuters] Copper Just Smashed Past a Record. Here’s What You Need to Know [...]

May 8th, 2021|Uncategorized|

May, 7, 2021: Generational Turning Point

There is an overarching issue I haven’t been able to get off my mind: Are we at the beginning of something new or in the waning days of the previous multi-decade cycle? May 5 – [...]

May 8th, 2021|Uncategorized|

Mixed Messages – May 7, 2021

Weekly Hard Assets Insights By David McAlvany Mixed Messages The first week of May was action-packed for global markets in what might be fairly characterized as a week of notable contradictions. Mixed economic signals [...]

May 7th, 2021|Uncategorized|

Friday, May 7, 2021

[Reuters] Global stocks rally amid surging commodity prices [Yahoo/Bloomberg] Tech Leads Stock Gains After Weak Jobs: Markets Wrap [Reuters] Gold heads for best week in 5 months on softer dollar, yields [Yahoo/Bloomberg] Copper Jumps to [...]

May 6th, 2021|Uncategorized|

Thursday, May 6, 2021

[Yahoo/Bloomberg] U.S. Stocks Steady After Jobless Claims Decline: Markets Wrap [Yahoo/Bloomberg] Copper and Iron Ore Surge as Chinese Investors Unleash Demand [Yahoo/Bloomberg] China Stocks Slump as Vaccine IP Waiver Proposal Hits Drugmakers [CNBC] Jobless claims [...]

May 5th, 2021|Uncategorized|

Wednesday, May 5, 2021

[Yahoo/Bloomberg] Tech Leads Rebound in U.S. Stocks; Oil Advances: Markets Wrap [Yahoo/Bloomberg] Oil Extends Rally With Brent Nearing $70 After Stockpiles Drop [Reuters] Metals - Copper hits 10-year high, eyes record levels on demand hopes [...]

May 4th, 2021|Uncategorized|

Tuesday, May 4, 2021

[Yahoo/Bloomberg] S&P 500 Lower; Dollar Gains: Markets Wrap [Yahoo/Bloomberg] Oil Touches Seven-Week High as Traders Bet on Improving Demand [Reuters] U.S. trade deficit rises to a record high in March [CNBC] Biden and McConnell toughen [...]

May 3rd, 2021|Uncategorized|

Monday, May 3, 2021

[Yahoo/Bloomberg] U.S. Equities Advance With European Stocks: Markets Wrap [Reuters] Stocks rally as investors begin May in bullish mood [Reuters] Precious - Gold rises as U.S. dollar, Treasury yields retreat [Reuters] Analysis: Biden, Powell paddling [...]

May 2nd, 2021|Uncategorized|

Sunday, May 2, 2021

[Yahoo/Bloomberg] America’s Jobs Recovery From Crisis Is Looking Robust: Eco Week [AP] Powell’s high-stakes bet: More jobs but only mild inflation [Yahoo/Bloomberg] German Finance Chief Sees Global Corporate-Tax Deal by Summer [Yahoo Finance] Warren Buffett: [...]

May 2nd, 2021|Uncategorized|

Saturday, May 1, 2021

[CNBC] Soaring lumber prices add $36,000 to the cost of a new home, and a fierce land grab is only making it worse [Yahoo/Bloomberg] The Price of the Stuff That Makes Everything Is Surging [AP] [...]

May 1st, 2021|Uncategorized|

April 30, 2021: Fed Guessing

“I’m not sure why they think they know that it’s transitory. How do they know that when there’s plenty of money printing that’s been going on and we’ve seen commodity prices going up really massively? [...]

May 1st, 2021|Uncategorized|

A Confluence of Factors – April 30, 2021

Weekly Hard Assets Insights By David McAlvany A Confluence of Factors The Federal Reserve’s FOMC meeting this past Wednesday made one thing abundantly clear. In the face of a rapidly reflating economy and increasing [...]

April 30th, 2021|Uncategorized|

Friday, April 30, 2021

[Yahoo/Bloomberg] U.S. Stocks Drop Amid Pause for Growth-Led Rally: Markets Wrap [Yahoo/Bloomberg] Oil Slumps With Recent Demand-Led Rally Taking a Breather [Reuters] U.S. labor costs accelerate in the first quarter [Reuters] U.S. consumer spending, income [...]

April 29th, 2021|Uncategorized|

Thursday, April 29, 2021

[CNBC] S&P, Nasdaq 100 higher after Apple & Facebook beat estimates [Reuters] Global shares gain lift from Fed, Biden's stimulus [Reuters] German yields hit one-year high as inflation exceeds ECB target [Yahoo/Bloomberg] Steel Smashes Records [...]

April 28th, 2021|Uncategorized|

Wednesday, April 28, 2021

[Yahoo/Bloomberg] Yields Rise With Dollar as Fed, Biden Loom Large: Markets Wrap [Reuters] Dow, Nasdaq lower after tech, Boeing results; Fed in focus [Yahoo/Bloomberg] Fed to Stay Patient as U.S. Outlook Improves: Decision-Day Guide [CNBC] [...]

April 27th, 2021|Uncategorized|

Tuesday, April 27, 2021

[Reuters] Stocks dip on caution before Fed, earnings [Yahoo/Bloomberg] Huarong Bonds Slump as Fitch Cut Overshadows April Repayments [Yahoo/Bloomberg] Oil Edges Higher With Virus Resurgence Looming Over Market [Yahoo/Bloomberg] Copper Surges Toward $10,000 as Bulls [...]

April 26th, 2021|Uncategorized|

Monday, April 26, 2021

[Yahoo/Bloomberg] Yields Rise on Growth Bets, Dollar Erases Losses: Markets Wrap [Reuters] Stocks slip as investors turn cautious ahead of Fed meeting [Reuters] Corn jumps to 8-year high on tightening world supplies, wheat up 2.4% [...]

April 25th, 2021|Uncategorized|

Sunday, April 25, 2021

[Yahoo/Bloomberg] Most Mideast Shares Climb With Oil, Earnings Eyed: Inside EM [Yahoo Finance] FOMC meeting, Big Tech earnings: What to know this week [MSN/Bloomberg] The Grocery Price Shock Is Coming to a Store Near You [...]

April 25th, 2021|Uncategorized|

Saturday, April 24, 2021

[Yahoo/Bloomberg] The World’s Industrial Comeback Drives Metals to Multi-Year High [Yahoo/Bloomberg] Europe’s Most Indebted Countries Aren’t Ready for Market Reality [Reuters] Indian hospitals turn away patients in COVID-19 ‘tsunami’ [Yahoo/Bloomberg] Turkey’s Crypto Pain Grows With [...]

April 24th, 2021|Uncategorized|

April 23, 2021: Peak Monetary Stimulus

Not again. Bloomberg is referring to “the bond market riddle.” The Financial Times went with the headline, “US Government Bond Investors Left Bewildered by ‘Bonkers’ Market Move.” It’s been three weeks of declining Treasury yields [...]

April 24th, 2021|Uncategorized|

Searching for Direction – April 23, 2021

Searching for Direction US stock markets were only slightly lower on the week as a heavy volume rally on Friday pared losses from previous sessions. Earnings season is underway, and we’ve now seen 121 [...]

April 23rd, 2021|Uncategorized|

Tactical Short Strategy – April 22, 2021

Tactical Short Strategy Conference Call - April 22, 2021 Disclaimer: Advisory services are offered by McAlvany Wealth Management, an investment adviser registered with the U.S. Securities and Exchange Commission. The comments [...]

April 23rd, 2021|Uncategorized|

Friday, April 23, 2021

[Yahoo/Bloomberg] U.S. Stocks Rise After Stocks Bruised by Tax Plan: Markets Wrap [Reuters] European stocks eye weekly drop, Bitcoin slides on U.S. tax hike plan [Reuters] Gold Heads for Third Weekly Gain as Yields, Dollar [...]

April 22nd, 2021|Uncategorized|

Thursday, April 22, 2021

[Yahoo/Bloomberg] Stocks Edge Higher After Jobless Claims: Markets Wrap [Reuters] Global stocks eye new high on growth hopes, oil ebbs on COVID-19 fears [Yahoo/Bloomberg] Oil Extends Losing Run on U.S. Stockpile Gain, Demand Concerns [Yahoo/Bloomberg] [...]

April 21st, 2021|Uncategorized|

Wednesday, April 21, 2021

[Yahoo/Bloomberg] Netflix Drags Down Nasdaq; Yields Rise: Markets Wrap [AP] World shares mixed as earnings take center stage [Yahoo/Bloomberg] Oil Drops on Resurgent Virus, Reported Build in U.S. Stockpiles [Reuters] Dollar firm as COVID-19 resurgence [...]

April 20th, 2021|Uncategorized|

Tuesday, April 20, 2021

[Yahoo/Bloomberg] U.S. Stocks Slump as Virus Hits Travel Stocks: Markets Wrap [Yahoo/Bloomberg] Oil Rises Toward $64 on Anniversary of Historic Crash Below Zero [Yahoo/Bloomberg] SALT Cap Revolt Led by N.Y. Democrats Snarls Biden Spending Plan [...]

April 19th, 2021|Uncategorized|

Monday, April 19, 2021

[Yahoo/Bloomberg] U.S. Stocks Slip From Record Highs; Dollar Falls: Markets Wrap [Reuters] Dollar pinned near one-month low amid subdued U.S. yields [Reuters] Gold firms as softer U.S. dollar, yields lift appeal [Yahoo/Bloomberg] Crypto Stock Mania [...]

April 18th, 2021|Uncategorized|

Sunday, April 18, 2021

[Yahoo/Bloomberg] Bitcoin Plunges in Biggest Intraday Drop Since February [Reuters] Bitcoin falls 11.1% to $53,356 [Yahoo/Bloomberg] Historic Oil Glut Amassed During the Pandemic Has Almost Gone [Yahoo/Bloomberg] China to Focus on Domestic Use of Digital [...]

April 18th, 2021|Uncategorized|

Saturday, April 17, 2021

[Reuters] Wall Street Week Ahead: Tech retakes market lead as investors eye yields, earnings [Reuters] Morgan Stanley picked good time to back bad client [Reuters] Exclusive: China's Ant explores ways for Jack Ma to exit [...]

April 17th, 2021|Uncategorized|

April 16, 2021: Haurong

Please join Doug Noland and David McAlvany this Thursday, April 22nd, at 4:00 pm Eastern/ 2:00 pm Mountain time for the Tactical Short Q1 recap conference call, “Contemplating an Inflection Point.” Click here to register. [...]

April 17th, 2021|Uncategorized|

Friday, April 16, 2021

[Reuters] Stocks set fresh record high on strong China, U.S. data [Yahoo/Bloomberg] Gold Hits Seven-Week High on Weaker Bond Yields and Dollar [Yahoo/Bloomberg] China’s Economy Soars by Record a Year After Pandemic Slump [Reuters] U.S. [...]

April 15th, 2021|Uncategorized|

Thursday, April 15, 2021

[Yahoo/Bloomberg] U.S. Stocks Rise as Earnings, Data Signal Rebound: Markets Wrap [Reuters] World stocks stay high, Russia's rouble buckles under sanctions stress [Reuters] Oil holds near one-month highs as demand forecasts raised [CNBC] Retail sales [...]

April 14th, 2021|Uncategorized|

Wednesday, April 14, 2021

[Yahoo/Bloomberg] U.S. Stocks Edge Higher With Earnings in Focus: Markets Wrap [Reuters] World stocks hit record high as bond yields ease with inflation fears [Reuters] Dollar at three-week low on tamped down fears over inflation [...]

April 13th, 2021|Uncategorized|

Tuesday, April 13, 2021

[Yahoo/Bloomberg] Treasuries Steady With S&P After CPI Data: Markets Wrap [AP] US recommends ‘pause’ for J&J vaccine over clot reports [CNBC] U.S. consumer price index rose 0.6% in March, vs 0.5% increase expected [Yahoo/Bloomberg] U.S. [...]

April 12th, 2021|Uncategorized|

Monday, April 12, 2021

[Yahoo/Bloomberg] Stocks Retreat After S&P 500 Record as Risks Loom: Markets Wrap [Reuters] Stocks off record highs ahead of earnings, U.S. data [AP] Fed’s Powell sees US boom ahead, with COVID still a risk [Reuters] [...]

April 11th, 2021|Uncategorized|

Sunday, April 11, 2021

[Yahoo/Bloomberg] Most Mideast Stocks Rise With Earnings in Spotlight: Inside EM [Yahoo/Bloomberg] Watch U.S. Inflation for Hidden Price Momentum: Eco Week Ahead [Yahoo/Bloomberg] Inflation Is the Only Signal That the Post-Covid Boom Will Heed [Yahoo/Bloomberg] [...]

April 11th, 2021|Uncategorized|

Saturday, April 10, 2021

[Yahoo/Bloomberg] U.S. Cases Hit Two-Week High; India in Crisis: Virus Update [Reuters] EU proposes six-month tariff freeze with United States - Der Spiegel [Reuters] China fines Alibaba record $2.75 billion for anti-monopoly violations [Reuters] Ukraine [...]

April 10th, 2021|Uncategorized|

April 9, 2021: Keeping the Dance Party Rolling

Please join Doug Noland and David McAlvany a week from Thursday, April 22nd, at 4:00 pm Eastern/ 2:00 pm Mountain time for the Tactical Short Q1 recap conference call, “Contemplating an Inflection Point.” Click here [...]

April 10th, 2021|Uncategorized|

Creeping Inflation Concerns? – April 9, 2021

Creeping Inflation Concerns?As we enjoy the warming temperatures of a budding spring, the US Labor Department reported on Friday a warming trend of a whole different nature. The March PPI results came in “hotter” than [...]

April 9th, 2021|Uncategorized|

Friday, April 9, 2021

[Yahoo/Bloomberg] U.S. Stocks Fluctuate as Treasury Yields Rise: Markets Wrap [MarketWatch] U.S. Treasury yields climb amid global reflation fears [Reuters] Oil prices dip on mixed supply and demand outlook [CNBC] U.S. producer price index rose [...]

April 8th, 2021|Uncategorized|

Thursday, April 8, 2021

[Yahoo/Bloomberg] Stocks Rise With Europe; Treasuries Gain: Markets Wrap [Yahoo/Bloomberg] Gold Gains After Dovish Fed Minutes Lift Equities, Weaken Dollar [Yahoo/Bloomberg] Yuan Erases Year’s Gains Against Dollar as PBOC Steps Aside [Reuters] Analysis: White House, [...]

April 7th, 2021|Uncategorized|

Wednesday, April 7, 2021

[Yahoo/Bloomberg] Stocks Hover Around Record High; Treasuries Steady: Markets Wrap [Reuters] Global growth hopes keep shares near record high [Yahoo/Bloomberg] U.S. Trade Deficit Widened to Record $71.1 Billion in February [Reuters] U.S. trade deficit hits [...]

April 6th, 2021|Uncategorized|

Tuesday, April 6, 2021

[Yahoo/Bloomberg] S&P 500 Dips; Europe Stocks Climb to Record: Markets Wrap [Reuters] China stocks fall as healthcare, consumer companies weigh [Yahoo/Bloomberg] Oil Rebounds With Growth Outlook Improving Ahead of Iran Talks [Reuters] Fast food struggles [...]

April 5th, 2021|Uncategorized|

Monday, April 5, 2021

[Yahoo/Bloomberg] U.S. Stocks Gain; Pound at Two-Week High: Markets Wrap [Reuters] Stocks gain after bumper U.S. jobs data, bonds smell Fed trouble [Yahoo/Bloomberg] Oil Falls as India Virus Cases Surge, OPEC+ Agrees to Ease Cuts [...]

April 4th, 2021|Uncategorized|

Sunday, April 4, 2021

[Yahoo/Bloomberg] Guardians of Global Economy Gather to Assess Damage: Eco Week [Yahoo/Bloomberg] Saudis Hike Oil Prices for Key Asia Market in Sign of Confidence [Yahoo/Bloomberg] Credit Suisse Weighs Replacing Risk Chief After Miscues [Reuters] France [...]

April 4th, 2021|Uncategorized|

Saturday, April 3, 2021

[CNN] Fully vaccinated people can travel at low risk to themselves, new CDC guidance says [AP] EXPLAINER: What Biden’s new $100B plan for broadband means [Reuters] Myanmar protesters defy crackdown, five killed; junta hunts critics [...]

April 3rd, 2021|Uncategorized|

Archegos and Ponzi Finance

I’ve been a longtime enthusiast for Hyman Minky’s analysis. His work plays prominently in my analytical framework. Financial structures evolve over time, and there is an innate propensity for this evolution to regress into a [...]

April 3rd, 2021|Uncategorized|

An Echo of History – April 2, 2021

An Echo of History On this holiday weekend, let’s take a short trek along the yellow brick road. While multi-month price corrections are never fun for the asset holder, overall, intermediate corrections are a [...]

April 2nd, 2021|Uncategorized|

Friday, April 2, 2021

[Yahoo/Bloomberg] U.S. Stock Futures Gain on Strong Jobs Data: Markets Wrap [CNBC] U.S. Treasury yields remain slightly higher following robust March jobs report [Yahoo/Bloomberg] U.S. Added 916,000 Jobs in March, Unemployment Rate Falls [Reuters] U.S. [...]

April 1st, 2021|Uncategorized|

Thursday, April 1, 2021

[Yahoo/Bloomberg] Stocks Rise on Growth Outlook With Jobs in Focus: Markets Wrap [Reuters] Oil up as OPEC+ meets to decide on production policy [Yahoo/Bloomberg] U.S. Jobless Claims Rise as Labor Market Recovery Remains Choppy [Reuters] [...]

March 31st, 2021|Uncategorized|

Wednesday, March 31, 2021

[Yahoo/Bloomberg] Yields Gain as Traders Absorb Biden Spending Plan: Markets Wrap [AP] Eager to build infrastructure, Biden plans to tax business [Reuters] Factbox: What's in Biden's $2.3 trillion infrastructure plan? [Reuters] Biden proposal: $174 billion [...]

March 30th, 2021|Uncategorized|

Tuesday, March 30, 2021

[Yahoo/Bloomberg] Treasury Yields Rise With Biden Spending in Focus: Markets Wrap [CNBC] 10-year Treasury yield hits 14-month highs, topping 1.77% [Reuters] Nasdaq down as spike in yields pressures tech stocks [Reuters] Dollar gains as U.S. [...]

March 29th, 2021|Uncategorized|

Monday, March 29, 2021

[Yahoo/Bloomberg] U.S. Stocks Fall as Block Trades Rattle Nerves: Markets Wrap [Reuters] World shares steady as Archegos concerns temper Suez relief [Yahoo/Bloomberg] Oil Rises With Market Eyeing OPEC+ Meeting, Suez Canal Reopening [Yahoo/Bloomberg] Billions in [...]

March 28th, 2021|Uncategorized|

Sunday, March 28, 2021

[Yahoo/Bloomberg] Treasuries’ Worst Quarter Since 2016 Ends With Questions Aplenty [Reuters] Tugs, dredgers still struggle to free ship blocking Suez Canal [Yahoo/Bloomberg] Ship’s Front Was Damaged; 350 Vessels Waiting: Suez Update [Yahoo/Bloomberg] ‘Unprecedented’: Wall Street [...]

March 28th, 2021|Uncategorized|

Saturday, March 27, 2021

[AP] Big Tech’s outsized influence draws state-level pushback [Reuters] Salvager hopes to free ship blocking Suez Canal by start of next week [Yahoo/Bloomberg] How a Desert Wind Blew $10 Billion of Global Trade Off Course [...]

March 27th, 2021|Uncategorized|

March 26, 2021: Double Trouble

March 1 – Daily Sabah: “Turkey’s economy grew a less-than-expected but still robust 5.9% in the fourth quarter of 2020 and 1.8% in the year as a whole…, emerging as one of only a few [...]

March 27th, 2021|Uncategorized|

Friday, March 26, 2021

[Yahoo/Bloomberg] U.S. Stocks Mixed as Dollar Breaks Winning Streak: Markets Wrap [Reuters] Oil prices rise on fears Suez blockage may last weeks [Yahoo/Bloomberg] U.S. Household Spending Fell in February as Stimulus Boost Waned [CNBC] New [...]

March 25th, 2021|Uncategorized|

Thursday, March 25, 2021

[Yahoo/Bloomberg] Stocks Decline, Oil Drops Amid Suez Block: Markets Wrap [Reuters] Stocks sluggish, dollar near four-month highs as risk appetite wanes [Yahoo/Bloomberg] China Tech Giants Dive as Delisting Threat Joins Crackdown Fears [Yahoo/Bloomberg] Oil Slumps [...]

March 24th, 2021|Uncategorized|

Wednesday, March 24, 2021

[Yahoo/Bloomberg] Nasdaq Leads Market Higher as Yields Rise: Markets Wrap [Yahoo/Bloomberg] Oil Climbs After Strong Europe Data and Suez Canal Blockage [Yahoo/Bloomberg] U.S. Durable Goods Orders Decrease for First Time Since April [CNBC] Homebuyer mortgage [...]

March 23rd, 2021|Uncategorized|

Tuesday, March 23, 2021

[Yahoo/Bloomberg] Stocks Edge Down as Oil Slumps; Bonds Advance: Markets Wrap [Yahoo/Bloomberg] Bargain Hunters Save Turkish Stocks From Worst Drop in 20 Years [Reuters] Oil falls more than 3% as European coronavirus curbs point to [...]

March 22nd, 2021|Uncategorized|

Monday, March 22, 2021

[Yahoo/Bloomberg] Stocks Edge Up as Yields Dip; Turkish Lira Sinks: Markets Wrap [Reuters] Turkish lira plunges to near record low after Erdogan sacks central bank chief [Yahoo/Bloomberg] Turkish Stock Drop Triggers Circuit Breakers as Banks [...]

March 21st, 2021|Uncategorized|

Sunday, March 21, 2021

[Yahoo/Bloomberg] Mideast Equities Drop Tracking Slump in Oil Prices: Inside EM [AP] Supply bottlenecks leave ships stranded, businesses stymied [CNBC] Covid cases are rising in 21 states as health officials warn against reopening too quickly [...]

March 21st, 2021|Uncategorized|

Saturday, March 20, 2021

[CNBC] U.S.-China trade relations remain strained as Biden team takes tough stance similar to Trump [Reuters] 'Tough' U.S.-China talks signal rocky start to relations under Biden [AP] Fallout from riot, virus leaves toxic mood on [...]

March 20th, 2021|Uncategorized|

March 19, 2021: Powell on Inflation

The Treasury yield spike runs unabated. Ten-year Treasury yields rose another 10 bps this week to 1.72%, the high since January 23, 2020. The Treasury five-year “breakeven” inflation rate rose [...]

March 20th, 2021|Uncategorized|

Friday, March 19, 2021

[Yahoo/Bloomberg] Stocks, Yields Fluctuate After Fed Ends Break: Markets Wrap [Reuters] U.S. bond yields dip from 14-month highs, oil stabilises [Yahoo/Bloomberg] China Stocks Slide on Rocky Alaska Talks With U.S. [CNBC] The Fed will not [...]

March 18th, 2021|Uncategorized|

Thursday, March 18, 2021

[Yahoo/Bloomberg] Bonds Plunge With Nasdaq on Inflation Risk: Markets Wrap [Yahoo/Bloomberg] Treasury Yields Top 1.75% After Powell Spurs Bets on Inflation [Yahoo/Bloomberg] Oil Is on Longest Run of Declines in Over a Year as Rally [...]

March 17th, 2021|Uncategorized|

Wednesday, March 17, 2021

[Yahoo/Bloomberg] Yields Extend Gains Before Fed; Tech Shares Slump: Markets Wrap [Reuters] U.S. Treasury yields hit new highs as key Fed statement looms [Yahoo/Bloomberg] Fed’s Dot Plot May Back Up Powell’s Patience: Decision-Day Guide [Reuters] [...]

March 16th, 2021|Uncategorized|

Tuesday, March 16, 2021

[Yahoo/Bloomberg] Stocks Edge Up; Oil Slips: Markets Wrap [Reuters] Oil drops amid rising stockpiles and COVID-19 demand concerns [Reuters] Fed officials may talk technical rate move but delay acting for now [CNBC] Why this week’s [...]

March 15th, 2021|Uncategorized|

Monday, March 15, 2020

[Yahoo/Bloomberg] Stocks Gain as Oil Dips; Europe Stocks Rise: Markets Wrap [Reuters] Euro zone government bond yields stabilise; U.S.-Germany spread at widest in one year [Reuters] Dollar sets pace ahead of key central bank meetings [...]

March 14th, 2021|Uncategorized|

Sunday, March 4, 2021

[CNBC] Fewer kids are going to college because they say it costs too much [AP] China, North Korea loom as Blinken, Austin head to Asia [Yahoo/Bloomberg] Fed to Hike Rates in 2023 but Dots Won’t [...]

March 14th, 2021|Uncategorized|

Saturday, March 13, 2021

[Reuters] Pelosi says U.S. lawmakers must work 'swiftly' on major infrastructure package [Reuters] First U.S. stimulus payments to hit bank accounts this weekend: officials [Yahoo/Bloomberg] Bear Warning Seen With Nasdaq 100 Velocity Stalling at 2000 [...]

March 13th, 2021|Uncategorized|

Friday, March 12, 2021

[Yahoo/Bloomberg] Nasdaq Slides as Yields Climb With Dollar: Markets Wrap [Yahoo/Bloomberg] Treasury Yields Surge to Test Key Level in Sudden Selling Bout [Reuters] Global stocks, oil edge away from highs as stimulus rally ebbs [Reuters] [...]

March 11th, 2021|Uncategorized|

Thursday, March 11, 2021

[Yahoo/Bloomberg] Nasdaq Leads U.S. Equities as Dollar Weakens: Markets Wrap [Reuters] Euro zone bond yields fall after ECB says it will speed up bond purchases [Reuters] World stocks hit highest in a week as inflation [...]

March 10th, 2021|Uncategorized|

Wednesday, March 10, 2021

[Yahoo/Bloomberg] Stocks Rise, Dollar Erases Gain on Inflation Data: Markets Wrap [Reuters] Stocks and bond yields inch higher after wild tech reboot [Reuters] Oil rises on OPEC+ supply restraint and brighter economic forecast [Reuters] U.S. [...]

March 9th, 2021|Uncategorized|

Tuesday, March 9, 2021

[Yahoo/Bloomberg] U.S. Stocks Rise as Treasury Yields Halt Four-Day Climb [Reuters] Gold rebounds as dollar, U.S. yields pull back [Reuters] Oil prices rise on expected economic recovery, likely drawdown in oil stocks [Yahoo/Bloomberg] Treasury Traders [...]

March 8th, 2021|Uncategorized|

Monday, March 8, 2021

[Yahoo/Bloomberg] U.S. Stocks Fluctuate; Dollar Strengthens: Markets Wrap [CNBC] 10-year Treasury yield rises to 1.6% after Senate passes stimulus package [Yahoo/Bloomberg] Oil Surge Eases Following Attack on Key Saudi Crude Terminal [Yahoo/Bloomberg] China’s Key Stock [...]

March 7th, 2021|Uncategorized|

Sunday, March 7, 2021

[Yahoo/Bloomberg] Saudi Stocks Lead Gulf Gains on Surging Oil Bets: Inside EM [CNBC] Senate passes $1.9 trillion Covid relief bill, House Democrats plan final approval Tuesday [Yahoo/Bloomberg] Powell’s Dashboard Shows How Far U.S. Economy Has [...]

March 7th, 2021|Uncategorized|

Saturday, March 6, 2021

[Reuters] Democrats advance Biden's $1.9 trillion COVID-19 bill in marathon Senate session [Reuters] Wall Street Week Ahead: Investors weigh how far tech stocks can slide after volatile week [Yahoo/Bloomberg] Senate Nears Saturday Passage After All-Nighter: [...]

March 6th, 2021|Uncategorized|

Friday, March 5, 2021

[Yahoo/Bloomberg] Bond Yields Hit 1.6% on Jobs Data; Stocks Rise: Markets Wrap [Yahoo/Bloomberg] Global Credit Markets Stumble in One of This Year’s Worst Weeks [Reuters] Oil hits almost 14-month high after OPEC+ extends output cuts [...]

March 4th, 2021|Uncategorized|

Thursday, March 4, 2021

[Yahoo/Bloomberg] Stocks and Bonds Steady After Jobs Data: Markets Wrap [Reuters] Bond scares linger, investors look to Powell [Reuters] Oil strengthens on prospect of OPEC+ maintaining supply cuts, drop in U.S. inventories [Yahoo/Bloomberg] Initial Claims [...]

March 3rd, 2021|Uncategorized|

Wednesday, March 3, 2021

[Yahoo/Bloomberg] Stocks Decline as Treasuries Extend Rout: Markets Wrap [Reuters] Oil up as OPEC+ considers rollover rather than raising output [Reuters] Rocket leads mortgage sector surge in GameStop-style short squeeze [Yahoo/Bloomberg] Cost of Treasuries-Led Rout [...]

March 2nd, 2021|Uncategorized|

Tuesday, March 2, 2021

[Yahoo/Bloomberg] U.S. Stocks Decline as Europe Shares Gain: Markets Wrap [Reuters] Wall Street heads for subdued start, on bond watch [Yahoo/Bloomberg] China’s Focus on Bubble Risks Is a Warning Sign for Stock Market [Yahoo/Bloomberg] China [...]

March 1st, 2021|Uncategorized|

Monday, March 1, 2021

[Yahoo/Bloomberg] Stocks, Commodities Rally as Treasuries Slide: Markets Wrap [Yahoo/Bloomberg] Oil Powers Ahead as Critical OPEC+ Meeting Looms, Markets Rally [Reuters] Spotlight moves to U.S. Senate as Democrats push $1.9 trillion COVID-19 relief bill [Yahoo/Bloomberg] [...]

February 28th, 2021|Uncategorized|

Sunday, February 28, 2021

[AP] Biden team readies wider economic package after virus relief [Reuters] China's factory activity expands at a slower pace in February, misses expectations: official PMI [Reuters] Growth in China's services sector slows in February -official [...]

February 28th, 2021|Uncategorized|

Saturday, February 27, 2021

[Reuters] Biden scores legislative win as House passes $1.9 trillion COVID-19 relief plan [Reuters] Investors jumping the gun as TIPS, futures flag early Fed tightening [Reuters] Wall Street Week Ahead: Investors weigh new stock leadership [...]

February 27th, 2021|Uncategorized|

February 26, 2021: Paradigm Change

Ten-year Treasury yields closed out a tumultuous week at 1.41% bps, pulling back after Thursday’s spike to a one-year high 1.61%. Ten-year Treasury yields are now up 49 bps from the start of the year [...]

February 27th, 2021|Uncategorized|

Friday, February 26, 2021

[Yahoo/Bloomberg] Global Bond Rout Eases; Dollar Extends Advance: Markets Wrap [CNBC] 10-year Treasury yield retreats slightly from one-year high [Reuters] China, Hong Kong stocks drop over 2% as bond yields surge [Reuters] Stock markets hit [...]

February 25th, 2021|Uncategorized|

Thursday, February 25, 2021

[Yahoo/Bloomberg] Bonds Drop With Stocks on Inflation Worries: Markets Wrap [Reuters] Stocks rise, bond yields too - despite central banker talk-down efforts [CNBC] GameStop shares surge in premarket as Reddit favorites rally again [Reuters] Oil [...]

February 24th, 2021|Uncategorized|

Wednesday, February 24, 2021

[Yahoo/Bloomberg] U.S. Stocks Slump as Treasury Yields Surge: Markets Wrap [Reuters] Oil edges higher as surprise U.S. stock build weighs [Reuters] China's yuan firms on dollar weakness after Powell testimony [Yahoo/Bloomberg] Powell Goes Easy on [...]

February 23rd, 2021|Uncategorized|

Tuesday, February 23, 2021

[Yahoo/Bloomberg] Stocks Decline as Tech Slumps: Markets Wrap [Reuters] Stocks struggle as tech slide erases commodities surge [Reuters] Oil rises on positive forecasts, slow U.S. output restart [Yahoo/Bloomberg] Gold Steadies After Sharp Gain With Powell’s [...]

February 22nd, 2021|Uncategorized|

Monday, February 22, 2021

[Yahoo/Bloomberg] Bond Yields Climb as Stocks Slump; Copper Rallies: Markets Wrap [Reuters] World shares dip as bond yields, commodities surge [Reuters] Dollar holds its ground as markets focus on rising yields [Yahoo/Bloomberg] Brazil Markets Tumble [...]

February 21st, 2021|Uncategorized|

Sunday, February 22, 2021

[AP] Power failure: How a winter storm pushed Texas into crisis [Yahoo/Bloomberg] Biden’s Economic Legacy at Stake With Next Package Taking Shape [Yahoo/Bloomberg] Weak Grids Expose Risks for the Electrification of Everything [Yahoo/Bloomberg] Surging U.S. [...]

February 21st, 2021|Uncategorized|

Saturday, February 20, 2021

[Reuters] Wall Street Week Ahead: Rising U.S. bond yields pose new threat to sky-high stocks [AP] Southern cities hit hard by storms face new crisis: No water [Reuters] Cold, lack of water overwhelm Texas hospitals [...]

February 20th, 2021|Uncategorized|

February 19, 2021: Wrecking Ball

I give it my best shot each week. My hope is to provide pertinent insight, though the overarching objective is to scrupulously chronicle this extraordinary period in history. Like other great Bubbles and manias, looking [...]

February 20th, 2021|Uncategorized|

Friday, February 19, 2021

[Yahoo/Bloomberg] Stocks Rise With Focus on Earnings, Dollar Dips: Markets Wrap [Reuters] Shares grind higher despite rising bond yields, weak data [Yahoo/Bloomberg] Oil Giving Up Big-Freeze Gains With Wells Slowly Restarting [Reuters] Take Five: Bond [...]

February 18th, 2021|Uncategorized|

Thursday, February 18, 2021

[Yahoo/Bloomberg] Nasdaq Leads U.S. Stocks Lower; U.S. Yields Rise: Markets Wrap [Reuters] China's blue-chip index falls on policy tightening, valuation worries; Hong Kong down [Reuters] Oil prices extend gains as Texas cold snap cuts U.S. [...]

February 17th, 2021|Uncategorized|

Wednesday, February 17, 2021

[Yahoo/Bloomberg] Treasury Yields Hold Near One-Year High; Stocks Slip: Markets Wrap [Reuters] Rising U.S. yields cool down stocks [Yahoo/Bloomberg] Oil Extends Gains as Freeze Halts a Third of U.S. Crude Output [Reuters] U.S. retail sales [...]

February 16th, 2021|Uncategorized|

Tuesday, February 16, 2021

[Yahoo/Bloomberg] Stocks Extend Rally; Treasury Yields Rise: Markets Wrap [Reuters] Wall Street set to join global stocks party as investors dump bonds [Yahoo/Bloomberg] Treasury Yields Surge as Rising Energy Costs Spur Reflation Bets [Reuters] Oil [...]

February 15th, 2021|Uncategorized|

Monday, February 15, 2021

[Yahoo/Bloomberg] Stocks Extend Gains; Oil Climbs on Cold Snap: Markets Wrap [Reuters] Dollar weakens as market optimism lifts riskier currencies [Yahoo/Bloomberg] Oil Rallies as Texas’ Wintry Cold Hits Output in Shale Heartland [Yahoo/Bloomberg] Gold Steadies [...]

February 14th, 2021|Uncategorized|

Sunday, February 14, 2021

[Yahoo/Bloomberg] Big Freeze Sends Gas Soaring With Arctic Grip Tightening [AP] Virus may never go away but could change into mild annoyance [Reuters] China fires back at Washington after it raises concerns about WHO COVID [...]

February 14th, 2021|Uncategorized|

Saturday, February 13, 2021

[Yahoo/Bloomberg] Arctic Blast Grips U.S., Shaking Markets and Setting Records [CNBC] Fatigue, headaches and chest pain: Medical experts try to establish ‘long Covid’ diagnosis for patients with lasting symptoms [Yahoo/Bloomberg] Taper Tantrum to VAR Shock: [...]

February 13th, 2021|Uncategorized|

February 12, 2021:The Short but Momentous History of Fed QE

Central banking traditionally operated as a judicious and conservative institution, with an overarching mandate focused on promoting monetary and financial stability. Historically, recognition that missteps can impart such profound societal hardship necessitated an incremental and [...]

February 13th, 2021|Uncategorized|

Friday, February 12, 2021

[Yahoo/Bloomberg] U.S. Stocks Edge Lower; Dollar Rebounds: Markets Wrap [Reuters] World shares dip and Bitcoin hits record high [Reuters] Biden to press for $1.9 trillion COVID relief plan with governors, mayors [Yahoo/Bloomberg] Stock Trading Frenzy [...]

February 11th, 2021|Uncategorized|

Thursday, February 11, 2021

[Yahoo/Bloomberg] Technology Leads Stocks Higher; Oil Retreats: Markets Wrap [Reuters] Dollar steadies; Aussie dollar nears two-week highs [Reuters] Global stocks higher, sustained by bottomless stimulus [CNBC] Jobless claims worse than expected as pandemic-related filings [...]

February 10th, 2021|Uncategorized|

Wednesday, February 10, 2021

[Yahoo/Bloomberg] Stocks Extend Gain, Bonds Erase Loss on CPI: Markets Wrap [Reuters] World shares gain for eighth day in a row; Wall Street set for stronger open [Yahoo/Bloomberg] Oil Extends Longest Rising Streak in Two [...]

February 9th, 2021|Uncategorized|

Tuesday, February 9, 2021

[Yahoo/Bloomberg] U.S. Stocks Slip With Europe; Dollar Drops: Markets Wrap [Reuters] Dollar retreats on U.S. recovery doubts; bitcoin tops $47,000 for first time [Yahoo/Bloomberg] Gold Advances for Third Day With Stimulus, Inflation in Focus [Reuters] [...]

February 8th, 2021|Uncategorized|

Monday, February 8, 2021

[Reuters] Shares reach record high, oil tops $60 a barrel [Yahoo/Bloomberg] Stocks Hit Record, Bonds Drop on Reflation Trade: Markets Wrap [Yahoo/Bloomberg] Treasury Long Bond Reaches 2% Milestone as Global Yields Awaken [Yahoo/Bloomberg] Bond Traders [...]

February 7th, 2021|Uncategorized|

Sunday, February 7, 2021

[Yahoo/Bloomberg] Flash Loans Are Providing Instant Cash to Crypto Speculators [Reuters] China issues new anti-monopoly rules targeting its tech giants [Reuters] China Dec FX reserves fall slightly to $3.211 trln [CNBC] U.S. and China top [...]

February 7th, 2021|Uncategorized|

Saturday, February 6, 2021

[Reuters] Democrats clear path for approval of Biden's $1.9 trillion COVID package [AP] Biden’s dilemma in virus aid fight: Go big or go bipartisan [Reuters] Wall Street Week Ahead: GameStop frenzy reveals potential for broader [...]

February 6th, 2021|Uncategorized|

February 5, 2021: That’s on Them

GameStop collapsed 80% this week, with Express and AMC Entertainment down 48%, Vaxart 36%, and Siebert Financial 31%. Riches have been made and lost. Wealth was redistributed – and count [...]

February 6th, 2021|Uncategorized|

Friday, February 5, 2021

[Yahoo/Bloomberg] Stocks Rise as Jobs Report Bolsters Stimulus Bets: Markets Wrap [Reuters] Dollar set for best week in three months as pandemic recoveries diverge [Reuters] Oil hits highest in a year on growth hopes, OPEC+ [...]

February 4th, 2021|Uncategorized|

Thursday, February 4, 2021

[Yahoo/Bloomberg] Stocks Edge Higher as Yields Rise; Dollar Gains: Markets Wraprap [Reuters] China stocks fall on fresh liquidity concerns, Hong Kong dragged by tech shares [Reuters] Dollar strengthens on U.S. economic outlook; euro dips below [...]

February 3rd, 2021|Uncategorized|

Wednesday, February 3, 2021

[Yahoo/Bloomberg] Global Stocks Extend Rally as Earnings Roll In: Markets Wrap [Yahoo/Bloomberg] Silver Calms as Market-Roiling Frenzy Shows Signs of Easing Off [Yahoo/Bloomberg] China Drains Funds From Banking System as Cash Crunch Eases [Reuters] U.S. [...]

February 2nd, 2021|Uncategorized|

Tuesday, February 2, 2021

[Yahoo/Bloomberg] Stocks Rally Before Tech Earnings; Silver Tumbles: Markets Wrap [Reuters] Global markets buoyant as U.S. stimulus debate approaches [Yahoo/Bloomberg] Oil Surges to One-Year High in New York as Rally Powers On [CNBC] GameStop shares [...]

February 1st, 2021|Uncategorized|

Monday, February 1, 2021

[Yahoo/Bloomberg] Global Stocks Rally; Silver Jumps to 2013 High: Markets Wrap [Reuters] Stocks bouce back as small-time traders pile into silver [CNBC] Silver jumps 11%, the most in 11 years as Reddit traders try their [...]

January 31st, 2021|Uncategorized|

Sunday, January 31, 2021

[Yahoo/Bloomberg] The Reddit Army Bailout: Desperate Companies Get New Lifelines [Reuters] China's factory recovery slows in January as COVID-19 returns [Reuters] Growth in China's services sector slows in Jan - official PMI [Reuters] Italy's Renzi [...]

January 31st, 2021|Uncategorized|

Saturday, January 30, 2021

[AP] Biden, Democrats hit gas on push for $15 minimum wage [Yahoo News] ‘A wakeup call’: How resilient new coronavirus variants could prolong the pandemic [MSN/LA Times] New clinical trials raise fears the coronavirus is [...]

January 30th, 2021|Uncategorized|

January 29, 2021: The Great 2021 Squeeze Mania

Yet another week for the history books. For posterity: GameStop gained 400%, AMC Entertainment 278%, Express 235%, Siebert Financial 122%, Cel-Sci 75%, Novavax 74%, Vaxart 68%, Fulgent Genetics 60%, Vir Biotechnology 59%, National Beverage 54%, [...]

January 30th, 2021|Uncategorized|

Friday, January 29, 2021

[Yahoo/Bloomberg] Stocks Drop; Treasury Yields Rise: Markets Wrap [Yahoo/Bloomberg] GameStop Surges in Premarket as Some Trading Restrictions Lifted [CNBC] Bitcoin spikes 20% after Elon Musk adds #bitcoin to his Twitter bio [Yahoo/Bloomberg] Oil Holds Steady [...]

January 28th, 2021|Uncategorized|

Thursday, January 28, 2021

[Yahoo/Bloomberg] U.S. Stocks Gain After Jobless Claims Dip: Markets Wrap [Reuters] Stocks soured by Wall Street sell-off and 'vaccine nationalism' [Reuters] Souring sentiment lifts dollar, knocks risk currencies [CNBC] Fourth quarter GDP increased 4.0% vs [...]

January 27th, 2021|Uncategorized|

Wednesday, January 27, 2021

[Yahoo/Bloomberg] U.S. Stocks Slump in Risk-Off Mood; Dollar Rises: Markets Wrap [Reuters] China money rates hit 21-month high on holiday demand, policy tightening worries [Reuters] Dollar edges before Fed meeting, euro slips [Reuters] GameStop stock [...]

January 26th, 2021|Uncategorized|

Tuesday, January 26, 2021

[Yahoo/Bloomberg] U.S. Stocks Edge Higher; European Stocks Advance: Markets Wrap [Reuters] U.S. Treasury yields fall, dollar firms on stimulus worries [Yahoo/Bloomberg] China's benchmark overnight repo rate jumps to highest since Nov 2019 [CNBC] November home [...]

January 25th, 2021|Uncategorized|

Monday, January 25, 2021

[Yahoo/Bloomberg] Tech Stocks Rally; European Stocks Retreat: Markets Wrap [Reuters] Dollar steadies; euro hurt by vaccine delays and German business morale slump [MarketWatch] Gold prices perk up as government bond yields retreat [Reuters] Fed set [...]

January 24th, 2021|Uncategorized|

Sunday, January 24, 2021

[Yahoo/Bloomberg] World’s Economic Recovery Gets Delayed by Slow Vaccine Rollouts [Reuters] Biden administration to unveil more climate policies, urges China to toughen emissions target [Reuters] China-Taiwan tensions rise days into Biden presidency [Reuters] U.S. carrier [...]

January 24th, 2021|Uncategorized|

Saturday, January 23, 2021

[AP] Biden’s choice on econ aid: Deal with GOP or go for it all [CNBC] The stock market is at or near the most-expensive levels ever by most measures. When will it matter? [Yahoo/Bloomberg] Oil [...]

January 23rd, 2021|Uncategorized|

January 22, 2021: Short-Term Unsustainable

Outstanding Treasury Securities began 2008 at $6.051 TN, or 41% of GDP. Treasuries ended 2019 at $19.019 TN, or 87% of GDP. And then, in only three quarters, Treasuries surged another $3.882 TN to $22.900 [...]

January 23rd, 2021|Uncategorized|

Only Gold Is Gold – January 22, 2021

Weekly Hard Assets Insights By David McAlvany Only Gold Is Gold The meteoric rise and fall of bitcoin and other cryptocurrencies has gotten a great deal of media attention. Those of us close to [...]

January 22nd, 2021|Uncategorized|

Tactical Short Strategy – January 21, 2021

Tactical Short Strategy Conference Call - January 21, 2021 Disclaimer: Advisory services are offered by McAlvany Wealth Management, an investment adviser registered with the U.S. Securities and Exchange Commission. The comments [...]

January 22nd, 2021|Uncategorized|

Friday, January 22, 2021

[Yahoo/Bloomberg] Rally Stumbles With Virus Concerns Back to Fore: Markets Wrap [Reuters] Global stocks ease as gloomy data takes shine off U.S. stimulus hopes [Reuters] Oil down 2% as China COVID-19 cases trigger clampdowns [Reuters] [...]

January 21st, 2021|Uncategorized|

Thursday, January 21, 2021

[Yahoo/Bloomberg] Stocks Rise to Record; Euro Holds Gain After ECB: Markets Wrap [Yahoo/Bloomberg] Gold Steady as Dollar Continues Decline on Biden Stimulus Bets [Reuters] Euro clings to gains as ECB sticks to policy, dollar dips [...]

January 20th, 2021|Uncategorized|

Wednesday, January 20, 2021

[Yahoo/Bloomberg] U.S. Stocks Rise With Europe; Bonds Dip: Markets Wrap [Reuters] Stocks welcome Yellen's call to 'act big' on coronavirus spending [Yahoo/Bloomberg] Gold Rises With Dollar’s Outlook in Focus After Yellen Weighs In [Reuters] Biden [...]

January 19th, 2021|Uncategorized|

Tuesday, January 19, 2021

[Yahoo/Bloomberg] Stocks, Treasury Yields Rise Before Yellen Hearing: Markets Wrap [Yahoo/Bloomberg] Yellen Faces Senate With ‘Act Big’ Message on Economic Stimulus [AP] A new COVID-19 challenge: Mutations rise along with cases [CNBC] Covid live updates: [...]

January 18th, 2021|Uncategorized|

Monday, January 18, 2021

[Yahoo/Bloomberg] U.S. Equity Futures Fluctuate, Dollar Edges Higher: Markets Wrap [CNBC] Global stocks sink as coronavirus fears outweigh recovery hopes [Yahoo/Bloomberg] Gold Edges Up From December Low With Focus on Stimulus, Dollar [Yahoo/Bloomberg] Oil Extends [...]

January 17th, 2021|Uncategorized|

Sunday, January 17, 2021

[Yahoo/Bloomberg] Most Mideast Equity Gauges Fall as Earnings Roll In: Inside EM [AP] Statehouses, US capital brace for potentially violent week [Reuters] Italy's Conte struggles to secure support in Senate showdown [Reuters] Italy public debt [...]

January 17th, 2021|Uncategorized|

Saturday, January 16, 2021

[CNBC] Adrenaline-fueled rush for small caps, vaccine plays and story stocks dents passive-indexing trend [CNBC] New Covid variant first found in UK could become dominant strain in U.S. by March, CDC says [Reuters] U.S. [...]

January 16th, 2021|Uncategorized|

Friday, January 15, 2021

[Yahoo/Bloomberg] Stocks, Yields Fall as Reflation Trade Sputters: Markets Wrap [Yahoo/Bloomberg] U.S. Retail Sales Post Surprise Monthly Drop to Cap Dismal Year [Reuters] U.S. producer prices increase moderately in December [CNBC] Covid live updates: Officials [...]

January 14th, 2021|Uncategorized|

Thursday, January 14, 2021

[Yahoo/Bloomberg] Treasury Yields Rise on Aid Report; Stocks Advance: Markets Wrap [Reuters] Stimulus helps stocks shrug off impeachment chaos [Yahoo/Bloomberg] Chinese Stocks Fall Most Since September, Pulling Back From 13-Year High [Reuters] Dollar holds gains [...]

January 13th, 2021|Uncategorized|

Wednesday, January 13, 2021

[Yahoo/Bloomberg] U.S. Stocks Slip While Dollar Strengthens: Markets Wrap [Yahoo/Bloomberg] Dollar Climbs; Europe Stocks Fluctuate: Markets Wrap [CNBC] U.S. consumer prices increase in December [Yahoo/Bloomberg] Fed Talk of Taper Rekindles Specter of Wrenching 2013 Tantrum [...]

January 12th, 2021|Uncategorized|

Tuesday, January 12, 2021

[Yahoo/Bloomberg] U.S. Stocks Churn Higher as Dollar Steadies: Markets Wrap [Reuters] Global Markets - Stocks pause for breath as bond selloff extends [Reuters] Oil hits 11-month high as Saudi cut supports [Yahoo/Bloomberg] Worsening U.S.-China Tensions [...]

January 11th, 2021|Uncategorized|

Monday, January 11, 2021

[Yahoo/Bloomberg] Dollar Rises as Stocks Retreat: Markets Wrap [Reuters] Stocks slip on virus fears, dollar hits highest in 2-1/2 weeks [Yahoo/Bloomberg] Gold Steadies After Treasury Yields Drop Amid Investor Caution [Reuters] Oil falls on [...]

January 10th, 2021|Uncategorized|

Sunday, January 10, 2021

[AP] In wake of Capitol riot, Americans struggle for answers [Yahoo/Bloomberg] The Inflation Debate That’s Roiling U.S. Markets Faces 2021 Test [Yahoo/Bloomberg] Resilience Test Awaits Emerging Markets Unnerved by Treasuries [Reuters] New coronavirus variant found [...]

January 10th, 2021|Uncategorized|

Saturday, January 9, 2021

[AP] Democratic wins could strengthen Biden’s legislative push [CNN] More states report climbing Covid-19 numbers as CDC chief warns US Capitol riot was a likely 'surge event' [Yahoo/Bloomberg] Fastest Rally in History Takes Emerging-Market Stocks [...]

January 9th, 2021|Uncategorized|

January 8, 2021: Issues 2021

Fragility. Last year exposed myriad fragilities. The U.S. stock market went from all-time highs to an emergency FOMC meeting in ten sessions. The S&P500 lost more than a third of its value in just 21 [...]

January 9th, 2021|Uncategorized|

Friday, January 8, 2021

[Yahoo/Bloomberg] Stocks Rise as Grim Jobs Data Spur Stimulus Bets: Markets Wrap [Reuters] Shares soar on hopes of global recovery, U.S. stimulus [Yahoo/Bloomberg] Treasury Yield Surge Rattles Emerging-Market Currencies in Asia [CNBC] Economy sees [...]

January 7th, 2021|Uncategorized|

Thursday, January 7, 2021

[Yahoo/Bloomberg] U.S. Stocks Rise as Congress Certifies Biden’s Presidency [Yahoo/Bloomberg] Stocks Extend Gains as Investors Focus on Stimulus: Markets Wrap [MarketWatch] U.S. trade deficit widens 8% in November [Reuters] U.S. weekly jobless claims unexpectedly fall [...]

January 6th, 2021|Uncategorized|

Wednesday, January 6, 2021

[Reuters] Treasury yields soar, tech stocks crumble on possible Georgia 'blue sweep' [Yahoo/Bloomberg] Treasury Yields Reach 1%; Nasdaq Tumbles: Markets Wrap [Reuters] Dollar hits lowest since March 2018 on Democrat gains in U.S. senate election [...]

January 5th, 2021|Uncategorized|

Tuesday, January 5, 2021

[Yahoo/Bloomberg] U.S. Stocks Slip With Europe; Dollar Drops: Markets Wrap [Yahoo/Bloomberg] Gold Near Eight-Week High as Covid Angst Fires Up Haven Demand [AP] Decision day in Georgia with Senate majority at stake [Yahoo/Bloomberg] Markets Brace [...]

January 4th, 2021|Uncategorized|

Monday, January 4, 2021

[Yahoo/Bloomberg] U.S. Stocks Rise With Europe; Gold Jumps: Markets Wrap [Yahoo/Bloomberg] Dollar Stumbles Into 2021 as Bets on Global Recovery Dominate [Yahoo/Bloomberg] Gold Roars Out of Blocks in 2021 as Real Yields, Dollar Decline [Reuters] [...]

January 3rd, 2021|Uncategorized|

Sunday, January 3, 2021

[Reuters] U.S. Senate control, and Biden's agenda, at stake as Georgia runoff elections loom [AP] Congress opening new session as virus, Biden’s win dominate [AP] The Latest: US virus death toll hits 350,000; surge feared [...]

January 3rd, 2021|Uncategorized|

Saturday, January 2, 2021

[Reuters] A record three million early votes cast in Georgia's U.S. Senate runoff races [CNBC] The legacy of 2020: Riches for the wealthy and White, financial pain for others [CNBC] China says it will [...]

January 2nd, 2021|Uncategorized|

January 1, 2021: 2020 Year in Review

Over 350,000 Americans dead, with the Covid death toll projected to rise another 150,000 by the end of January. Confirmed Covid cases have exceeded 20 million (84 million globally), ending 2020 with new U.S. infections [...]

January 2nd, 2021|Uncategorized|

Friday, January 1, 2021

[Reuters] U.S. stocks in 2020: a year for the history books [CNBC] Politics will be front and center as a catalyst in the first week of the new year [AP] Shutdown, impeachment, virus: Chaotic Congress [...]

December 31st, 2020|Uncategorized|

Thursday, December 31, 2020

[Yahoo/Bloomberg] Stocks Steady Near All-Time Highs; Dollar Dips: Markets Wrap [Yahoo/Bloomberg] Gold Heads for Best Year in a Decade With Dollar on the Ropes [Reuters] Dollar sucked into downward spiral by U.S. twin deficits [Yahoo/Bloomberg] [...]

December 30th, 2020|Uncategorized|

Wednesday, December 30, 2020

[Yahoo/Bloomberg] U.S. Stocks Rebound, Dollar Weakens: Markets Wrap [Reuters] Stocks rise into year-end on 2021 recovery hopes [Reuters] Dollar slumps as bears shrug off U.S. stimulus delay [Yahoo/Bloomberg] Drive for $2,000 Checks Bogs Down Senate [...]

December 29th, 2020|Uncategorized|

Tuesday, December 29, 2020

[Reuters] Global stocks, oil lead risk rally on U.S. stimulus hopes [Yahoo/Bloomberg] U.S. and Global Stocks Ride the Stimulus Wave: Markets Wrap [Yahoo/Bloomberg] Gold Climbs After House Backs Trump’s Call for $2,000 Checks [Reuters] Dollar [...]

December 28th, 2020|Uncategorized|

Monday, December 28, 2020

[Yahoo/Bloomberg] Stocks Climb; Treasuries Retreat: Markets Wrap [Yahoo/Bloomberg] Gold Set for Best Close in Seven Weeks as Trump Signs Stimulus [Yahoo/Bloomberg] Alibaba Antitrust Fears Drive $200 Billion Chinese Tech Selloff [AP] Trump signs massive measure [...]

December 27th, 2020|Uncategorized|

Sunday, December 27, 2020

[Reuters] U.S. jobless benefit cut-off pushes millions to financial cliff-edge [SFGate] California now has the worst COVID-19 spread in US [Yahoo/Bloomberg] Bond Traders Close Out Chaotic Year With Key 1% Level in Sight [Yahoo/Bloomberg] Volatility [...]

December 27th, 2020|Uncategorized|

Saturday, December 26, 2020

[Yahoo/Bloomberg] Year of the Meme Stock: Hertz, Kodak Top List of 2020 Highlights [Reuters] U.S. holiday retail sales rise 3% as online shopping booms- Mastercard report [Reuters] Millions of Americans lose jobless benefits as [...]

December 26th, 2020|Uncategorized|

December 25, 2020: Just the Facts

For the Week: The S&P500 slipped 0.2% (up 14.6% y-t-d), while the Dow was little changed (up 5.8%). The Utilities declined 0.9% (down 2.9%). The Banks jumped 3.1% (down 15.0%), and the Broker/Dealers gained 1.9% [...]

December 25th, 2020|Uncategorized|

Friday, December 25, 2020

[Reuters] Politics blunts Christmas as U.S. government shutdown nears, COVID-19 aid uncertain [Reuters] Many just want a hug for Christmas this year, Queen Elizabeth says [Yahoo/Bloomberg] Pope Calls on World Leaders to Share Vaccines: Virus [...]

December 25th, 2020|Uncategorized|

Thursday, December 24, 2020

[Yahoo/Bloomberg] U.S. Stocks Rise; Pound Gains on Brexit Deal Hope: Markets Wrap [Reuters] Brexit deal anticipation fuels stocks and sterling [CNBC] GOP blocks House Democrats’ attempt to pass $2,000 stimulus checks after Trump voices support [...]

December 23rd, 2020|Uncategorized|

Wednesday, December 23, 2020

[Yahoo/Bloomberg] U.S. Stocks Climb With Europe; Dollar Dips: Markets Wrap [Reuters] Trump threatens to not sign COVID-19 bill, wants bigger stimulus checks [AP] Trump threatens to torpedo COVID relief with new demands [Reuters] Weekly jobless [...]

December 22nd, 2020|Uncategorized|

Tuesday, December 22, 2020

[Reuters] Stocks recover as U.S. stimulus offsets angst over new coronavirus strain [Reuters] Spread of virus mutation keeps euro and pound under pressure [Yahoo/Bloomberg] Oil Extends Loss With Virus Mutation Threatening Energy Demand [CNBC] U.S. [...]

December 21st, 2020|Uncategorized|

Monday, December 21, 2020

[Reuters] Stocks tumble on fears over new coronavirus strain [Yahoo/Bloomberg] Stocks Slump on Virus Curbs; Bonds Rally: Markets Wrap [Yahoo/Bloomberg] Pound Plummets as Virus Threatens U.K.’s Supply Chains With EU [Reuters] World closes borders to [...]

December 20th, 2020|Uncategorized|

Sunday, December 20, 2020

[Reuters] Congress poised to vote on COVID aid package after Fed compromise [CNBC] Covid live updates: Stimulus deal in reach after Fed compromise; Moderna vaccine shipping soon [Mint/Bloomberg] Britain warns new Covid-19 virus strain 'out [...]

December 20th, 2020|Uncategorized|

Saturday, December 19, 2020

[Reuters] Congress works through the weekend to finalize COVID aid package [CNBC] Pain, despair and poverty reach fever pitch for unemployed workers [Reuters] Fed sees 'strong capital levels' at banks after stress tests, greenlights share [...]

December 19th, 2020|Uncategorized|

December 18, 2020: $10.275 TN in Nine Months

Federal Reserve Assets surged $120 billion last week to a record $7.363 TN. Fed Assets inflated $3.593 TN, or 95%, over the past 66 weeks. M2 “money” supply surged $228 billion in this week’s report [...]

December 19th, 2020|Uncategorized|

Friday, December 18, 2020

[Yahoo/Bloomberg] Stocks Steady After S&P Record; Dollar Rebounds: Markets Wrap [AP] Global stock markets edge up on US stimulus hopes [Yahoo/Bloomberg] Oil Near Highest Level Since February With Bumper Rally Pausing [Reuters] U.S. current account [...]

December 17th, 2020|Uncategorized|

Thursday, December 17, 2020

[Yahoo/Bloomberg] Stocks Rise With Weak Data Fueling Aid-Deal Bets: Markets Wrap [Reuters] Stimulus hopes boost stocks to record; bitcoin soars [Reuters] Dollar gets global beating as stimulus, Brexit boost risk appetite [Yahoo/Bloomberg] Gold Bulls Take [...]

December 16th, 2020|Uncategorized|

Wednesday, December 16, 2020

[Reuters] Stocks hit record highs on vaccine, stimulus, Brexit deal hopes [Yahoo/Bloomberg] Pound, Euro Rise to Multi-Year Highs on Brexit Hope, Weak Dollar [CNBC] U.S. retail sales decrease more than expected in November [CNBC] McConnell [...]

December 15th, 2020|Uncategorized|

Tuesday, December 15, 2020

[Yahoo/Bloomberg] U.S. Stocks Rebound After Four-Day Slump: Markets Wrap [Reuters] Wall Street rises on stimulus hopes; Fed meet in focus [Reuters] Dollar heavy amid stimulus progress, pound buoyed by Brexit hopes [Yahoo/Bloomberg] Gold Climbs as [...]

December 14th, 2020|Uncategorized|

Monday, December 14, 2020

[Yahoo/Bloomberg] Stocks Set Bullish Tone as Pound Surges: Markets Wrap [Reuters] Dollar falls; sterling up 1.5% as Brexit deal hopes lift risk appetite [Reuters] Oil prices edge up on hope vaccines will improve fuel demand [...]

December 13th, 2020|Uncategorized|

Sunday, December 13, 2020

[Reuters] Historic U.S. COVID vaccine campaign launches with convoy of trucks [CNBC] Coronavirus live updates: Vaccine doses are shipping to all 50 states with delivery expected Monday [Reuters] Leaders to push Brexit trade talks beyond [...]

December 13th, 2020|Uncategorized|

Saturday, December 12, 2020

[Reuters] U.S. FDA authorizes Pfizer COVID-19 vaccine for emergency use [Yahoo/Bloomberg] IPO Mania Sweeps Over Robinhood Crowd and Stokes a 111% Rally [CNBC] Texas governor says companies moving headquarters to the state has turned into [...]

December 12th, 2020|Uncategorized|

Friday, December 11, 2020

[Yahoo/Bloomberg] Stocks Slump, Dollar Rebounds Amid Risk-Off Mood: Markets Wrap [Reuters] Dollar ends three weeks of decline as Brexit sours sentiment [CNN] Congress stumbles on a Covid-19 aid package as vaccine approval passes a key [...]

December 10th, 2020|Uncategorized|

Thursday, December 10, 2020

[Yahoo/Bloomberg] Stocks Drop, Bonds Rise Amid Stimulus Talks: Markets Wrap [Yahoo/Bloomberg] Pound Drops After Leaders Dinner Fails to Break Brexit Impasse [Yahoo/Bloomberg] U.S. Jobless Claims Jump More Than Forecast Amid New Shutdowns [Yahoo/Bloomberg] U.S. Inflation [...]

December 9th, 2020|Uncategorized|

Wednesday, December 9, 2020

[Yahoo/Bloomberg] Stocks Rise, Bonds Dip Amid Hope for Stimulus Deal: Markets Wrap [Reuters] U.S. House to take up one-week stopgap bill as COVID-19 talks drag on [CNBC] Mortgage rates set 14th record low of the [...]

December 8th, 2020|Uncategorized|

Tuesday, December 8, 2020

[Yahoo/Bloomberg] Stocks Drop as Virus Cases Rise: Markets Wrap [Reuters] Stocks take a breather, Brexit weighs down sterling [Yahoo/Bloomberg] McConnell Refuses to Endorse Bipartisan Stimulus, Risking Deal [Reuters] U.S. Congress to vote on stopgap [...]

December 7th, 2020|Uncategorized|

Monday, December 7, 2020

[Yahoo/Bloomberg] Stocks Slide as Pound Drops on Brexit Deadlock: Markets Wrap [Reuters] Stocks ease as Sino-U.S. tensions heat up, fiscal deal awaited [Reuters] Dollar near 2018 lows as traders eye more US stimulus; sterling sheds [...]

December 6th, 2020|Uncategorized|

Sunday, December 6, 2020

[Reuters] Most of California to be under stay-at-home orders as COVID-19 surges [CNN] Tens of millions in California under stay-at-home order starting Sunday night [Yahoo/Bloomberg] Year’s Final Stretch to Be a Lively One: U.S. Credit [...]

December 6th, 2020|Uncategorized|

Saturday, December 5, 2020

[AP] California on the brink: Virus rages and closures imminent [Reuters] Wall Street Week Ahead: After blazing energy rally, investors check the fuel gauge [Reuters] Federal student loan payments suspended until end of January [Reuters] [...]

December 5th, 2020|Uncategorized|

December 4, 2020: Monetary Disorder In Extremis

November non-farm payrolls gained 245,000, only about half the mean forecast – and down from October’s 610,000. It was the weakest job growth since April’s employment debacle. U.S. equities rallied on the disappointing news. A [...]

December 5th, 2020|Uncategorized|

The Markets Grow Hopeful – December 4, 2020

The Markets Grow Hopeful As optimism grows around the rapid approval and distribution of a COVID-19 vaccine, the markets grow increasingly confident. They continue to climb the proverbial “wall of worry” despite mixed to [...]

December 4th, 2020|Uncategorized|

Friday, December 4, 2020

[Yahoo/Bloomberg] Stocks Higher After November Jobs Report: Markets Wrap [Reuters] Dollar hits two-and-a-half-year low on risk-on trades, shares buoyant [CNBC] Employment growth slows sharply in November amid coronavirus surge [Reuters] Analysis: As stocks soar, government [...]

December 3rd, 2020|Uncategorized|

Thursday, December 3, 2020

[Yahoo/Bloomberg] Global Stocks Edge Up to Record Highs; Dollar Dips: Markets Wrap [Reuters] S&P 500 flat as vaccine cheer offsets high jobless claims [Yahoo/Bloomberg] Dollar Is Dropping to Multi-Year Lows Against Peers, One by One [...]

December 2nd, 2020|Uncategorized|

Wednesday, December 2, 2020

[Yahoo/Bloomberg] U.S. Stocks Dip; Pound Slides on Brexit Angst: Markets Wrap [Reuters] Dollar clambers off two-and-a-half-year low, risk currencies take breather [Reuters] U.S. private payrolls miss expectations in November: ADP [CNBC] Mortgage demand from homebuyers [...]

December 1st, 2020|Uncategorized|

Tuesday, December 1, 2020

[Yahoo/Bloomberg] Stocks Bounce Back; Dollar Slips: Markets Wrap [Reuters] After 4.2 million COVID-19 cases in November, U.S. pins hope on vaccine [CNN] Biden readies major stimulus push and flurry of executive actions in first 100 [...]

November 30th, 2020|Uncategorized|

Monday, November 30, 2020

[CNBC] Stocks fall as Wall Street is set to wrap up a historic November [Reuters] Shares take a breather after stellar month, China data upbeat [Yahoo/Bloomberg] Dollar’s Slump Thrusts Currency Peers to Brink of New [...]

November 29th, 2020|Uncategorized|

Sunday, November 29, 2020

[CNBC] Congress stalled on stimulus talks and time is running out as millions face a ‘benefits cliff’ [CNBC] Black Friday shopping in stores craters 52% during pandemic as e-commerce sales surge [Yahoo/Bloomberg] Eerie Calm in [...]

November 29th, 2020|Uncategorized|

Saturday, November 28, 2020

[AP] With no action by Washington, states race to offer virus aid [CNBC] Los Angeles issues stay-home order as coronavirus cases surge out of control [Yahoo] The US could face an 'apocalypse’ by Christmas as [...]

November 28th, 2020|Uncategorized|

Friday, November 27, 2020

[Reuters] Stocks edge higher after Thanksgiving holiday [Yahoo/Bloomberg] Caution Sets in for Stock Market; Treasuries Climb: Markets Wrap [Reuters] Dollar edges down, set for weekly loss; kiwi having best month since 2013 [Yahoo/Bloomberg] Oil Rally [...]

November 26th, 2020|Uncategorized|

Thursday, November 26, 2020

[Yahoo/Bloomberg] Stock Rally Pauses as European Cyclicals Retreat: Markets Wrap [Reuters] World shares hold close to record highs; U.S. markets close for Thanksgiving [Yahoo/Bloomberg] Bitcoin Plunges Along With Other Coins [Reuters] America celebrates scaled-back Thanksgiving [...]

November 25th, 2020|Uncategorized|

Wednesday, November 25, 2020

[AP] Global stocks edge lower after Dow crests 30,000 [Reuters] Dollar under pressure as risk appetite stages a comeback [Yahoo/Bloomberg] Stocks on Track for Record Month; Treasuries Dip: Markets Wrap [Axios] Scoop: Israeli military prepares [...]

November 24th, 2020|Uncategorized|

Tuesday, November 24, 2020

[Reuters] Stocks rise as Biden transition, vaccine progress lift confidence [Yahoo/Bloomberg] Cyclicals Lead Global Stocks Higher; Dollar Drops: Markets Wrap [Reuters] Oil hits highest since March collapse on vaccine, Biden transition [Reuters] ‘We’re drowning’: COVID [...]

November 23rd, 2020|Uncategorized|

Monday, November 23, 2020

[Yahoo/Bloomberg] U.S. Stocks Rise on Vaccine Hopes; Dollar Weakens: Markets Wrap [Reuters] Vaccine progress lift stocks, dollar still sickly [Reuters] Dollar Falls to 2018 Lows as Vaccine Progress Fuels Risk Demand [Reuters] Oil prices extend [...]

November 22nd, 2020|Uncategorized|

Sunday, November 22, 2020

[CNN] Nearly a quarter of all the coronavirus cases in the US were reported in November [Yahoo/Bloomberg] Busy Week for U.S. Economy Builds to Black Friday: Eco Week [Yahoo/Bloomberg] ‘Big War’ in Bonds Escalates as [...]

November 22nd, 2020|Uncategorized|

Saturday, November 21, 2020

[Reuters] G20 to discuss post-pandemic world, back debt relief [Reuters] Mnuchin clawback of Fed funds 'deeply irresponsible,' Biden team says [Reuters] Analysis: Fed faces ill political winds as Biden prepares for White House [Reuters] Explainer: [...]

November 21st, 2020|Uncategorized|

November 20, 2020: Scorched Earth

November 18 – Reuters (Rodrigo Campos): “Global debt is expected to soar to a record $277 trillion by the end of the year as governments and companies continue to spend in response to the COVID-19 [...]

November 21st, 2020|Uncategorized|

Friday, November 20, 2020

[Yahoo/Bloomberg] Stocks Mixed; Europe Stocks Rise on Cyclicals: Markets Wrap [Reuters] Stocks gains curbed by end of Fed stimulus, virus concerns [Yahoo/Bloomberg] Mnuchin-Powell Split Shows Rare Discord as Economy Struggles [Yahoo/Bloomberg] ‘Scary’ Winter of Lockdowns [...]

November 19th, 2020|Uncategorized|

Wednesday, November 18, 2020

[Yahoo/Bloomberg] U.S. Stock Rise; Bitcoin Tops $18,000: Markets Wrap [Reuters] Dollar under pressure as vaccine hopes get tested [Yahoo/Bloomberg] China’s Credit Jitters Deepen a Selloff in Government Bonds [AP] Pfizer: COVID-19 shot 95% effective, seeking [...]

November 17th, 2020|Uncategorized|

Tuesday, November 17, 2020

[Yahoo/Bloomberg] Global Stocks Fall on Virus Angst; Pound Gains: Markets Wrap [Reuters] S&P, Dow retreat as coronavirus cases spike; Tesla surges [Reuters] Dollar nurses losses amid worries about second coronavirus wave, Biden transition [Reuters] U.S. [...]

November 16th, 2020|Uncategorized|

Monday, November 16, 2020

[Yahoo/Bloomberg] U.S. Stocks Rise on Vaccine News; Bonds Decline: Markets Wrap [Reuters] World stocks head for record high on recovery, vaccine hopes [Reuters] Moderna trial success gives world more hope in race to end pandemic [...]

November 15th, 2020|Uncategorized|

Sunday, November 15, 2020

[AP] ASEAN, China, other partners sign world’s biggest trade pact [Politico] An Unprecedented Election—and Its Bitter Aftermath—Seen from Across the Country [AP] Violent clashes in DC after Trump backers’ election protest [Yahoo/Bloomberg] Asian Borrowers Close [...]

November 15th, 2020|Uncategorized|

Saturday, November 14, 2020

[CNBC] U.S. reports record Covid hospitalizations as states roll out restrictions ahead of holidays [Reuters] Wall Street Week Ahead: Stock investors cast wary eye on yield rally [Reuters] Biden aide says no U.S.-wide COVID lockdown [...]

November 14th, 2020|Uncategorized|

Friday, November 13, 2020

[Reuters] Futures bounce back as Cisco, Disney jump after results [Reuters] Global stocks flatline, bond yields slide as caution replaces vaccine euphoria [Reuters] Oil falls on coronavirus surge but on track for weekly gain [Yahoo/Bloomberg] [...]

November 12th, 2020|Uncategorized|

Thursday, November 12, 2020

[CNBC] Stocks lower after Nasdaq’s comeback session [Yahoo/Bloomberg] Global Equity Rally Slows as Treasuries Advance: Markets Wrap [Reuters] Stocks bulls halt their charge [Reuters] Dollar dips, euro bumps higher as sentiment see-saws [Reuters] Shanghai overnight [...]

November 11th, 2020|Uncategorized|

Wednesday, November 11, 2020

[Reuters] Nasdaq rises 1% as tech stocks snap back [Reuters] Stocks up as vaccine shields against second-wave worries [Reuters] Dollar gains back strength as vaccine optimism wanes [AP] Bidenomics: More stimulus, tougher regulation, and [...]

November 10th, 2020|Uncategorized|

Tuesday, November 10, 2020

[Reuters] S&P 500 dips after vaccine news rally [Yahoo/Bloomberg] Global Stock Rally Tempers After Vaccine Euphoria: Markets Wrap [Reuters] Biden may face pressure to reshape Powell's Fed in first year [Reuters] Central bankers seek new [...]

November 9th, 2020|Uncategorized|

Monday, November 9, 2020

[Yahoo/Bloomberg] Stocks Surge as Pfizer Vaccine Study Adds to Biden Win [Yahoo/Bloomberg] Lockdown Winners Fade as Reopen Trade Roars After Covid Data [Reuters] Banks, airlines surge after Pfizer COVID-19 vaccine news [Reuters] Oil Jumps by [...]

November 8th, 2020|Uncategorized|

Sunday, November 8, 2020

[AP] Biden promotes unity, turns to business of transition [Reuters] Biden returns to battle another economic crisis, but it's no Great Recession [Reuters] Analysis: Clouds gather over battered dollar in aftermath of U.S. election\ [Yahoo/Bloomberg] [...]

November 8th, 2020|Uncategorized|

Saturday, November 7, 2020

[Reuters] Wall Street Weekahead: Small caps join market rally but pandemic could derail them [CNBC] McConnell and Pelosi are once again at odds over the size of a coronavirus stimulus package [Reuters] U.S. daily coronavirus [...]

November 7th, 2020|Uncategorized|

November 6, 2020: Critical Juncture

We’ve grown accustomed to the “new normal”: Stock market ebullience even as the country suffers through a distressing confluence of hardships. The S&P500 surged 7.3% this week, the strongest weekly advance since April. Though the [...]

November 7th, 2020|Uncategorized|

Friday, November 6, 2020

[AP] Biden ahead in Georgia, Pennsylvania; Trump attacks process [Reuters] Stocks mixed as balance tilts to Biden in U.S. election [Reuters] Dollar steadies, but more losses seen on post-election policy outlook [Yahoo/Bloomberg] Gold Set for [...]

November 5th, 2020|Uncategorized|

Thursday, November 5, 2020

[Yahoo/Bloomberg] Tech Rebound Powers Stocks Higher; Treasuries Rise: Markets Wrap [Reuters] Dollar set for biggest three-day drop since March before Fed decision [Reuters] Gold bounces on dollar retreat as markets weigh prospect of Biden win [...]

November 4th, 2020|Uncategorized|

Wednesday, November 4, 2020

[Reuters] With U.S. presidential election too close to call, Biden bats away Trump victory claim [Yahoo/Bloomberg] Trump-Biden Election Fight May Be Too Close to Call for Days [Politico] What you need to know about the [...]

November 3rd, 2020|Uncategorized|

Tuesday, November 3, 2020

[CNBC] Dow futures rise more than 100 points ahead of U.S. Election Day [Reuters] Asian shares in broad-based rally on eve of U.S. election [Reuters] Oil falls as COVID-19 cases soar, Libya output jumps [Axios] [...]

November 2nd, 2020|Uncategorized|

Monday, November 2, 2020

[Yahoo/Bloomberg] Stocks Surge and Dollar Drops on U.S. Election Day: Markets Wrap [Reuters] Dollar dips to price Biden win on U.S. election day [Reuters] European shares rise as investors bet on clear Biden poll win [...]

November 1st, 2020|Uncategorized|

Sunday, November 1, 2020

[Yahoo/Bloomberg] Mideast Stocks Slump on Lower Oil, U.S. Election Risk: Inside EM [AP] GOP tries to save its Senate majority, with or without Trump [Yahoo/Bloomberg] U.S. Faces Biggest Week of 2020 With Election, Fed, Jobs [...]

November 1st, 2020|Uncategorized|

Saturday, October 31, 2020

[CNBC] Election 2020 live updates: Trump barnstorms Pennsylvania, Biden and Obama campaign in Michigan as campaign enters final weekend [Reuters] Wall Street Week Ahead: Big tech stocks may face post-election headwinds, no matter who [...]

October 31st, 2020|Uncategorized|

October 30, 2020: Very Dangerous

We’re now only a few days from the most pivotal of elections. Meanwhile, new U.S. Covid infections have surged to pandemic highs (Friday surpassing 100,000 on worldometers), with the virus running rampant throughout the country. [...]

October 31st, 2020|Uncategorized|

A Difficult Week – October 30, 2020

Here’s the news of the week – and how we see it here at McAlvany Wealth Management: A Difficult Week An ebullient market environment has rapidly turned chaotic. The confluence of new COVID lockdowns [...]

October 30th, 2020|Uncategorized|

Friday, October 30, 2020

[Yahoo/Bloomberg] Stocks Drop on Tech Worry; Europe Stocks Waver: Markets Wrap [Reuters] World stocks take fresh dip as COVID infection rate weighs [Yahoo/Bloomberg] Oil Set for Worst Month Since March as Virus Revival Cuts Travel [...]

October 29th, 2020|Uncategorized|

Thursday, October 29, 2020

[Reuters] Global stocks steady after second-wave turmoil [Yahoo/Bloomberg] U.S. Stocks Higher After GDP, Jobs Data: Markets Wrap [Yahoo/Bloomberg] Oil Falls to Four-Month Low as Renewed Lockdowns Menace Demand [Reuters] Dollar extends gains, commodity currencies slump, [...]

October 28th, 2020|Uncategorized|

Wednesday, October 28, 2020

[Yahoo/Bloomberg] Europe Stocks Tumble to 5-Month Low; U.S. Stocks Slide: Markets Wrap [Reuters] Global stocks sink as coronavirus lockdowns loom [Yahoo/Bloomberg] Oil Slumps With Europe’s Coronavirus Restrictions Growing [Yahoo/Bloomberg] Europe Is Leading the Way Down [...]

October 27th, 2020|Uncategorized|

Tuesday, October 27, 2020

[CNBC] Stocks rise as market tries to rebound from Monday’s big sell-off [Reuters] Dollar struggles as U.S. election uncertainty offsets COVID-19 concerns [Reuters] White House says COVID-19 aid deal seen 'in coming weeks' [CNBC] Home [...]

October 26th, 2020|Uncategorized|

Monday, October 26, 2020

[Reuters] Stocks dip on surging virus cases, stimulus doubts [Yahoo/Bloomberg] Tech Leads Retreat in Stocks; Dollar Strengthens: Markets Wrap [Reuters] Turkish lira hits new lows on policy, geopolitical concerns [Yahoo/Bloomberg] Oil Slumps Below $39 on [...]

October 25th, 2020|Uncategorized|

Sunday, October 25, 2020

[Yahoo/Bloomberg] Saudi Index Drops Most Since May in Final-Hour Slump: Inside EM [AP] Surging coronavirus colors White House race in closing days [Reuters] U.S. disease expert Fauci says vaccine verdict due by early December [Yahoo/Bloomberg] [...]

October 25th, 2020|Uncategorized|

Saturday, October 24, 2020

[Yahoo Finance] How the 6 swing states will play in the election and in the markets [CNN] Daily Covid-19 cases will hit six digits soon, expert warns, as US reports a one-day high of more [...]

October 24th, 2020|Uncategorized|

October 23, 2020: The New Massive

A most pivotal election is now only 10 days away. Joe Biden has a commanding lead in the polls. Moreover, betting sites are indicating rising odds of the Democrats taking control of the Senate (PredictIt: [...]

October 24th, 2020|Uncategorized|

Tactical Short Strategy – October 22, 2020

Tactical Short Strategy Conference Call - October 22, 2020 Disclaimer: Advisory services are offered by McAlvany Wealth Management, an investment adviser registered with the U.S. Securities and Exchange Commission. The comments [...]

October 23rd, 2020|Uncategorized|

Friday, October 23, 2020

[Yahoo/Bloomberg] U.S. Stocks Fluctuate With Intel Taking Tech Lower: Markets Wrap [Reuters] Global stocks bide time as U.S. election caution sets in [Reuters] Oil above $42 as possible OPEC+ cut extension offsets demand concern [Yahoo/Bloomberg] [...]

October 22nd, 2020|Uncategorized|

Thursday, October 22, 2020

[Reuters] Global markets: Sentiment sapped by COVID surge, stimulus stalemate [Yahoo/Bloomberg] Stocks Drop, Dollar Gains on Election Interference: Markets Wrap [Yahoo/Bloomberg] Lira Tumbles After Central Bank Defies Rate-Hike Bets [Reuters] Oil struggles to recover after [...]

October 21st, 2020|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

October 16, 2020: Moral Hazard Pinnacle

Please join Doug Noland and David McAlvany this 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. [...]

October 17th, 2020|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

October 2, 2020: COVID Uncertainties

It significantly raises the stakes for a potential nightmare scenario: with less than five weeks until election day, the President contracts COVID-19. As if this election cycle wasn’t chaotic enough. As CNN put it: “A [...]

October 3rd, 2020|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

September 11, 2020: State-Directed Credit Splurge

New data released Friday confirm ongoing historic Chinese Credit excess. Total Aggregate Financing increased (a ridiculous) $524 billion during August to $40.5 TN, doubling July’s growth and exceeding estimates by almost 40%. It was the [...]

September 12th, 2020|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

August 28, 2020: It’s About Jobs, Jobs, Jobs

The Wall Street Journal referred to a “a milestone” – “a major shift in how [the Fed] sets interest rates by dropping its longstanding practice of preemptively lifting them to head off higher inflation.” The [...]

August 29th, 2020|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

August 21, 2020: Moral Hazard Quagmire

The Nasdaq100 (NDX) jumped another 3.5% this week, increasing 2020 gains to 32.3%. Amazon gained 4.3% during the week, boosting y-t-d gains to 77.8% – and market capitalization to $1.626 TN. Apple surged 8.2% this [...]

August 22nd, 2020|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

August 7, 2020: Global Lender of Last Resort

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

July 24, 2020: Crossing Red Lines

The Shanghai Composite traded as high as 3,382 during Tuesday trading, before reversing 5.5% lower to end the week at 3,192. The Shanghai Composite previously surged 16% over eight sessions (June 30th to July 9th), [...]

July 25th, 2020|Uncategorized|

Tactical Short Strategy – July 23, 2020

Tactical Short Strategy Conference Call - July 23, 2020 Q2 Recap Conference Call – July 23, 2020: Good afternoon everyone, thank you for joining us for the second quarter recap conference call.  [...]

July 24th, 2020|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

July 17, 2020: Drone Money

Please join Doug Noland and David McAlvany this coming Thursday, July 23rd, at 4:00PM Eastern/ 2:00pm Mountain time for the Tactical Short Q2 recap conference call, “Confirmation of the Global [...]

July 18th, 2020|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

July 3, 2020: Two Down, Two to Go

“U.S. Stocks Finish Best Quarter in More Than 20 Years” – yet another extraordinary period worthy of documenting in some detail. The S&P500 returned 20.5%, led by energy companies Halliburton (up 89.5%) and Marathon Oil [...]

July 4th, 2020|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

June 19, 2020: Update COVID-19

Can we even attempt a reasonable discussion? Someone’s got this wrong. June 12 – Reuters (Judy Hua, Cate Cadell, Winni Zhou and Andrew Galbraith): “A Beijing district put itself on a ‘wartime’ footing and the [...]

June 20th, 2020|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

June 12, 2020: Extraordinary Q1 2020 Z.1 Flow of Funds

Financial crisis erupted in March. The Fed slashed rates at a March 3rd emergency meeting – and then began aggressively expanding its holdings/balance sheet (creating market liquidity). Even from a “flow of funds” perspective, it [...]

June 13th, 2020|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

May 22, 2020: Just the Facts

For the Week: The S&P500 rallied 3.2% (down 8.5% y-t-d), and the Dow rose 3.3% (down 14.3%). The Utilities gained 2.8% (down 12.2%). The Banks jumped 5.9% (down 40%), and the Broker/Dealers rose 5.0% (down [...]

May 22nd, 2020|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

May 15, 2020: Global Bubbles are Deflating

“Bubble” is commonly understood to describe a divergence between overvalued market prices and underlying asset values. And while price anomalies are a typical consequence, they are generally not among the critical aspects of Bubbles. I’ll [...]

May 16th, 2020|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

May 8, 2020: Schumpeter’s Business Cycle Analysis

The work of the great economist Joseph Schumpeter (1883-1950) has always resonated. When I ponder analytical frameworks pertinent to these extraordinary times, none are more germane than Schumpeter’s Business Cycle Analysis. Best known for “creative [...]

May 9th, 2020|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

May 1, 2020: Going Nuclear

In a CBB from a decade or so ago, I noted that at the commencement of WWII President Roosevelt marshaled an agreement from the major warring parties to avoid the bombing of civilian targets. It [...]

May 2nd, 2020|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

April 17, 2020: Crazy, Dangerous Things

Please join Doug Noland and David McAlvany this coming Thursday, April 23rd, at 4:00PM Eastern/ 2:00pm Mountain time for the Tactical Short Q1 recap conference call, “Managing Short Exposure in an Unprecedented Environment” Click here [...]

April 18th, 2020|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

April 10, 2020: When Money Died

Sitting at the dinner table, our eleven-year old son inquired: “If a big meteor was about to hit the earth, how much money would the Fed print?” I complimented his sense of humor. Yet it [...]

April 11th, 2020|Uncategorized|

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|Uncategorized|

The FOMO Market – April 9, 2020

Here’s the news of the week – and how we see it here at McAlvany Wealth Management: The FOMO Market Some of you are reading the title of this week’s Hard Assets Insights and [...]

April 9th, 2020|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

April 3, 2020: The King of Sovereign Subprime

The past week witnessed 6.6 million new U.S. unemployment claims, pushing the two-week surge to a sickening almost 10 million. The U.S. economy is sliding into the steepest of downturns, with awful consequences for society, [...]

April 4th, 2020|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

March 27, 2020: The Solvency Problem

Being an analyst of Credit and Bubbles over the past few decades has come with its share of challenges. Greater challenges await. I expect to dedicate the rest of my life to defending Capitalism. One [...]

March 28th, 2020|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

March 13, 2020: Loss of Moneyness

It was as if global markets pulled elements from the 1994 bond market dislocation, 1997’s Asian Bubble collapses, the 1998 Russian/LTCM fiasco, and the 2008 market crash – and synthesized them for a week of [...]

March 14th, 2020|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

March 6, 2020: The Modern-Day Bank Run

Pondering the shallowness of analyses being espoused by the vast majority of market pundits, I’m compelled to frame a thesis to help explain today’s most extraordinary backdrop. The coronavirus outbreak will eventually pass, though I [...]

March 7th, 2020|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

February 28, 2020: Hair of the Dog

“U.S. Stocks Tumble 11% in Worst Week Since Crisis,” read the Friday evening Bloomberg headline. A Wall Street Journal caption asked the apt question: “U.S. Stocks Were at Records Last Week. What Happened?” A Friday [...]

February 29th, 2020|Uncategorized|

Evaluating the Storm – February 28, 2020

Here’s the news of the week – and how we see it here at McAlvany Wealth Management: Evaluating the Storm Corona:  The new “value” beer?  Or value trap? It is virtually impossible to discuss [...]

February 28th, 2020|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

February 21, 2020: Pandemic Risk Rising

Coronavirus cases in China surpassed 76,000. Deaths have reached 2,345. The number of new cases has slowed markedly, perhaps owing to repeated changes in the methodology of counting infections. Developments elsewhere are less encouraging. Plans [...]

February 22nd, 2020|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

February 14, 2020: One Extraordinary Year

Confirmed coronavirus cases almost doubled over the past week to 67,000. Part of the spike was the result of including a group diagnosed through CT imaging scans rather than with typical coronavirus testing. The ballooning [...]

February 15th, 2020|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

February 7, 2020: Dr. Li Wenliang

The S&P500 rallied 3.2% this week (trading to all-time highs Thursday), more than reversing (by 1.5 times) the previous week’s 2.1% decline. Ten-year Treasury yields rebounded as well, yet the eight bps rise was less [...]

February 8th, 2020|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

Tactical Short Strategy – January 23, 2020

Tactical Short Strategy Conference Call - January 23, 2020 CLICK HERE FOR THE TRANSCRIPT Disclaimer: Advisory services are offered by McAlvany Wealth Management, an investment adviser registered with the U.S. Securities and [...]

February 3rd, 2020|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

January 31, 2020: The First Major Pandemic Scare

January 31 – Bloomberg: “Chinese officials took issue with U.S. comments about the country’s response to the coronavirus outbreak, and promised they would bring the infection under control. ‘U.S. comments are inconsistent with the facts [...]

February 1st, 2020|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

January 17, 2020: “This is Insane”

Please join Doug Noland and David McAlvany this coming Thursday, January 23rd, at 4:00PM Eastern/ 2:00pm Mountain time for the Tactical Short Q4 recap conference call, “Surviving an Equities Melt Up” Click here to register. [...]

January 17th, 2020|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

January 10, 2020: Issues 2020

When I began posting the CBB in 1999, I expected “Bubble” to be in the title for no longer than a year or two. It was to be the “Credit Bulletin,” inspired by Benjamin Anderson’s [...]

January 11th, 2020|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

December 27, 2019: Just the Facts

For the Week: The S&P500 added 0.6% (up 29.2% y-t-d), and the Dow increased 0.7% (up 22.8%). The Utilities slipped 0.3% (up 22.2%). The Banks added 0.3% (up 32.3%), while the Broker/Dealers declined 0.8% (up [...]

December 27th, 2019|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

Q3 2019 Z.1 Flow of Funds: Repo Madness

Q3 was yet another fascinating quarter for U.S. finance. Total Credit (Non-Financial, Financial and Foreign U.S. borrowings) jumped a nominal $1.075 TN, the strongest quarterly gain since Q4 2007’s $1.159 TN, ending September at $74.862 [...]

December 14th, 2019|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

November 29, 2019: Just the Facts

For the Week: The S&P500 gained 1.0% (up 25.3% y-t-d), and the Dow added 0.6% (up 20.3%). The Utilities were unchanged (up 19.0%). The Banks added 0.4% (up 27.9%), and the Broker/Dealers jumped 2.1% (up [...]

November 29th, 2019|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

November 15, 2019: China Update

We shouldn’t read too much into one month. With a holiday week, October is typically a sluggish period for lending in China. But at $88 billion, the growth in Aggregate Financing was about a third [...]

November 16th, 2019|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

November 1, 2019: Music to the Markets

October non-farm payrolls expanded a stronger-than-expected 128,000 (estimate 85k), in a month when the GM strike reduced payroll growth by upwards of 42,000 and another 20,000 positions were lost to a shrinking census workforce. September’s [...]

November 1st, 2019|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

October 18, 2019: China Watch

I’ve held the view that Chinese finance has been at the epicenter of international market unease. The U.S./China trade war was not the predominant global risk. However, it has had the potential to become a [...]

October 18th, 2019|Uncategorized|

WeWonder About WeWork – October 18, 2019

Here’s the news of the week – and how we see it here at McAlvany Wealth Management: WeWonder About WeWork Excessive monetary stimulus has created many kinds of economic disconnects, and I would encourage [...]

October 18th, 2019|Uncategorized|

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|Uncategorized|

Tactical Short Strategy – October 17, 2019

Tactical Short Strategy Conference Call - October 17, 2019 CLICK HERE FOR THE TRANSCRIPT Disclaimer: Advisory services are offered by McAlvany Wealth Management, an investment adviser registered with the U.S. Securities and [...]

October 17th, 2019|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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|Uncategorized|

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 alte