News Room

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

Wednesday, June 19, 2019

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

June 18th, 2019|Daily Commentary|

Tuesday, June 18, 2019

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

June 17th, 2019|Daily Commentary|

Monday, June 17, 2019

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

June 16th, 2019|Daily Commentary|

Sunday, June 16, 2019

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

June 16th, 2019|Daily Commentary|

Saturday, June 15, 2019

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

June 15th, 2019|Daily Commentary|

Friday, June 14, 2019

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

June 13th, 2019|Daily Commentary|

Thursday, June 13, 2019

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

June 12th, 2019|Daily Commentary|

Wednesday, June 12, 2109

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

June 11th, 2019|Daily Commentary|

Tuesday, June 11, 2019

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

June 10th, 2019|Daily Commentary|

Monday, June 10, 2019

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

June 9th, 2019|Daily Commentary|

Sunday, June 9, 2019

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

June 9th, 2019|Daily Commentary|

Saturday, June 8, 2019

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

June 8th, 2019|Daily Commentary|

Friday, June 7, 2019

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

June 6th, 2019|Daily Commentary|

Thursday, June 6, 2019

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

June 5th, 2019|Daily Commentary|

Wednesday, June 5, 2019

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

June 4th, 2019|Daily Commentary|

Tuesday, June 4, 2019

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

June 3rd, 2019|Daily Commentary|

Monday, June 3, 2019

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

June 2nd, 2019|Daily Commentary|

Sunday, June 2, 2019

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

June 2nd, 2019|Daily Commentary|

Saturday, June 1, 2019

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

June 1st, 2019|Daily Commentary|

Friday, May 31, 2019

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

May 30th, 2019|Daily Commentary|

Thursday, May 30, 2019

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

May 29th, 2019|Daily Commentary|

Wednesday, May 29, 2019

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

May 28th, 2019|Daily Commentary|

Tuesday, May 28, 2019

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

May 27th, 2019|Daily Commentary|

Monday, May 27, 2019

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

May 26th, 2019|Daily Commentary|

Sunday, May 26, 2019

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

May 26th, 2019|Daily Commentary|

Saturday, May 25, 2019

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

May 25th, 2019|Daily Commentary|

Friday, May 24, 2019

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

May 23rd, 2019|Daily Commentary|

Thursday, May 23, 2019

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

May 22nd, 2019|Daily Commentary|

Wednesday, May 22, 2019

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

May 21st, 2019|Daily Commentary|

Tuesday, May 21, 2019

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

May 20th, 2019|Daily Commentary|

Monday, May 20, 2019

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

May 19th, 2019|Daily Commentary|

Sunday, May 19, 2019

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

May 19th, 2019|Daily Commentary|

Saturday, May 18, 2019

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

May 18th, 2019|Daily Commentary|

Friday, May 17, 2019

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

May 16th, 2019|Daily Commentary|

Thursday, May 16, 2019

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

May 15th, 2019|Daily Commentary|

Wednesday, May 15, 2019

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

May 14th, 2019|Daily Commentary|

Tuesday, May 14, 2019

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

May 13th, 2019|Daily Commentary|

Monday, May 13, 2019

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

May 12th, 2019|Daily Commentary|

Sunday, May 12, 2019

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

May 12th, 2019|Daily Commentary|

Saturday, May 11, 2019

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

May 11th, 2019|Daily Commentary|

Friday, May 10, 2019

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

May 9th, 2019|Daily Commentary|

Thursday, May 9, 2019

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

May 8th, 2019|Daily Commentary|

Wednesday, May 8, 2019

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

May 7th, 2019|Daily Commentary|

Tuesday, May 7, 2019

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

May 6th, 2019|Daily Commentary|

Monday, May 6, 2019

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

May 5th, 2019|Daily Commentary|

Sunday, May 5, 2019

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

May 5th, 2019|Daily Commentary|

Saturday, May 4, 2019

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

May 4th, 2019|Daily Commentary|

Friday, May 3, 2019

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

May 2nd, 2019|Daily Commentary|

Thursday, May 2, 2019

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

May 1st, 2019|Daily Commentary|

Wednesday, May 1, 2019

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

April 30th, 2019|Daily Commentary|

Tuesday, April 30, 2019

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

April 29th, 2019|Daily Commentary|

Monday, April 29, 2019

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

April 28th, 2019|Daily Commentary|

Sunday, April 28, 2019

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

April 28th, 2019|Daily Commentary|

Friday, April 26, 2019

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

April 25th, 2019|Daily Commentary|

Thursday, April 25, 2019

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

April 24th, 2019|Daily Commentary|

Wednesday, April 24, 2019

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

April 23rd, 2019|Daily Commentary|

Tuesday, April 23, 2019

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

April 22nd, 2019|Daily Commentary|

Monday, April 22, 2019

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

April 21st, 2019|Daily Commentary|

Sunday, April 21, 2019

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

April 21st, 2019|Daily Commentary|

Saturday, April 20, 2019

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

April 20th, 2019|Daily Commentary|

Friday, April 19, 2019

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

April 18th, 2019|Daily Commentary|

Thursday, April 18, 2019

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

April 17th, 2019|Daily Commentary|

Wednesday, April 17, 2019

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

April 16th, 2019|Daily Commentary|

Tuesday, April 16, 2019

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

April 15th, 2019|Daily Commentary|

Monday, April 15, 2019

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

April 14th, 2019|Daily Commentary|

Sunday, April 14, 2019

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

April 14th, 2019|Daily Commentary|

Saturday, April 13, 2019

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

April 13th, 2019|Daily Commentary|

Friday, April 12, 2019

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

April 11th, 2019|Daily Commentary|

Wednesday, April 10, 2019

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

April 9th, 2019|Daily Commentary|

Tuesday, April 9, 2019

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

April 8th, 2019|Daily Commentary|

Monday, April 8, 2019

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

April 7th, 2019|Daily Commentary|

Sunday, April 7, 2019

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

April 7th, 2019|Daily Commentary|

Saturday, April 6, 2019

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

April 6th, 2019|Daily Commentary|

Friday, April 5, 2019

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

April 4th, 2019|Daily Commentary|

Thursday, April 4, 2019

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

April 3rd, 2019|Daily Commentary|

Wednesday, April 3, 2019

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

April 2nd, 2019|Daily Commentary|

Tuesday, April 2, 2019

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

April 1st, 2019|Daily Commentary|

Monday, April 1, 2019

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

March 31st, 2019|Daily Commentary|

Sunday, March 31, 2019

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

March 30th, 2019|Daily Commentary|

Saturday, March 30, 2019

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

March 30th, 2019|Daily Commentary|

March 29, 2019: Everything Rally

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

March 30th, 2019|Weekly Commentary|

Friday, March 29, 2019

[Reuters] Global stocks rise on trade optimism, set for best quarter since 2012 [Reuters] Oil prices set for biggest first-quarter gain since 2009 on U.S. sanctions, OPEC cuts [Reuters] U.S. consumer spending barely rises in [...]

March 28th, 2019|Daily Commentary|

Thursday, March 28, 2019

[AP] Global shares mixed as US, China set to resume trade talks [Reuters] Bond yields on the canvas, Turkey's lira on the ropes [Reuters] Oil falls as Trump calls on OPEC to boost output [Reuters] [...]

March 27th, 2019|Daily Commentary|

Wednesday, March 27, 2019

[Reuters] Wall Street flat as global growth fears persist [Ahval] Turkish lira swap rates jump to 600 percent [Reuters] U.S. trade deficit narrows sharply as exports rebound [Reuters] Trump Fed nominee Moore says central bank [...]

March 26th, 2019|Daily Commentary|

Tuesday, March 26, 2019

[Reuters] Wall Street higher after two days of losses [Reuters] U.S. housing starts fall on weak single-family homebuilding [CNBC] Home prices in January see smallest gain in nearly 4 years: S&P Case-Shiller [CNBC] US auto [...]

March 25th, 2019|Daily Commentary|

Monday, March 25, 2019

[Reuters] Positive German data tempers equity selloff, safe havens in demand [Reuters] Oil prices fall as markets brace for potential U.S. recession [Reuters] No-deal Brexit increasingly likely - EU officials [Reuters] Fed's Evans says good [...]

March 24th, 2019|Daily Commentary|

Sunday, March 24, 2019

[Reuters] U.S.'s Lighthizer, Mnuchin to travel to China for trade talks: White House [Reuters] Brexit up in the air as May faces possible plot, parliament tries to grab control [Reuters] British PM May facing plot [...]

March 24th, 2019|Daily Commentary|

Saturday, March 23, 2019

[Reuters] Fed rate hike, rate cut both 'on the table': Bostic [Reuters] Wall Street Week Ahead: Doubts increase that first quarter will be earnings low point [Bloomberg] Weidmann Hits French Roadblock on Path to Replace [...]

March 23rd, 2019|Daily Commentary|

Friday, March 22, 2019

[Reuters] German 10-year bond yields crash below zero as growth fears roil markets [Reuters] Treasuries -Yield curve nears inversion on global growth fears [Bloomberg] Trump Aides Play Down Odds of Swift China Deal Ahead of [...]

March 21st, 2019|Daily Commentary|

Thursday, March 21, 2019

[Reuters] Global stocks wilt as Fed shift sparks stampede into bonds [Reuters] Treasuries - U.S. yields pare fall after jobless claims, Philly Fed data [Reuters] Gold near 3-week peak on dovish Fed; palladium at record [...]

March 20th, 2019|Daily Commentary|

Wednesday, March 20, 2019

[Reuters] Longest stocks rally of the year stumbles ahead of Fed [Reuters] Fed's balance sheet plan, economic outlook under microscope [CNBC] The market could be setting itself up for a letdown from Wednesday’s Fed decision [...]

March 19th, 2019|Daily Commentary|

Tuesday, March 19, 2019

[Reuters] Global shares gain as Fed looms, pound rides new Brexit twists [Reuters] Oil prices rise to 2019 highs on OPEC cuts, U.S. sanctions [Reuters] Dollar near two-week low before Fed meeting, yen strengthens [Bloomberg] [...]

March 18th, 2019|Daily Commentary|

Monday, March 18, 2019

[Reuters] Global stocks rise, dollar slips as traders price in accommodative Fed stance [Reuters] Boeing shares fall again after probe report into FAA approval of 737 MAX [Reuters] Brexit boost for May as rebel Rees-Mogg [...]

March 17th, 2019|Daily Commentary|

Sunday, March 17, 2019

[Reuters] Fed looks to avoid crossed signals at policy meeting [Reuters] Under pressure, Britain's May scrambles to win support for Brexit deal [Reuters] Deutsche Bank and Commerzbank go public on merger talks [WSJ] Federal Reserve [...]

March 17th, 2019|Daily Commentary|

Saturday, March 16, 2019

[Reuters] Foreigners sell U.S. Treasuries for 3rd month in January -data [Reuters] Wall Street weekahead: U.S. funds focus on media stocks, banks to find value as mid-caps rally [CNBC] Europe turns its concerns to [...]

March 16th, 2019|Daily Commentary|

Friday, March 15, 2019

[Reuters] Global stocks wilt as Fed shift sparks stampede into bonds [Reuters] Treasuries - U.S. yields pare fall after jobless claims, Philly Fed data [Reuters] Gold near 3-week peak on dovish Fed; palladium at record [...]

March 14th, 2019|Daily Commentary|

Thursday, March 14, 2019

[AP] World stocks rise ahead of vote to push Brexit back [CNBC] China and US to reportedly push back Trump-Xi meeting to at least April [Reuters] U.S. import prices post largest gain in nine months [...]

March 13th, 2019|Daily Commentary|

Wednesday, March 13, 2019

[Reuters] Wall St higher after economic data; Boeing turns higher [Reuters] U.S. producer prices rise less than expected in February [Reuters] U.S. core capital goods orders post biggest gain in six months [AP] More nations [...]

March 12th, 2019|Daily Commentary|

Tuesday, March 12, 2019

[Reuters] S&P, Nasdaq extend gains after inflation data [Reuters] U.S. consumer prices post first rise in four months [Reuters] China may increase tolerance for small firms' bad loans-Securities Times [Reuters] Brexit hangs in the balance [...]

March 11th, 2019|Daily Commentary|

Monday, March 11, 2019

[Reuters] Shares bounce after worst week of year, Brexit stresses sterling [Reuters] Boeing shares down 10 percent after second crash involving 737 MAX 8 [Reuters] German yields near lows as weak industrial data underlines ECB [...]

March 10th, 2019|Daily Commentary|

Sunday, March 10, 2019

[Reuters] Wall St Week Ahead-Housing shares dependent on economy easing but not falling [Reuters] 'Brexit in peril' as PM May faces heavy defeat [Reuters] Despite pressure, Venezuela's Maduro seems set on staying put: U.S. envoy [...]

March 10th, 2019|Daily Commentary|

Saturday, March 9, 2019

[Reuters] China says working with U.S. day and night to get trade deal [AP] As budget deficit balloons, few in Washington seem to care [Reuters] Fed's Powell says no immediate policy responses needed to economy [...]

March 9th, 2019|Daily Commentary|

Friday, March 8, 2019

[Reuters] Growth fears, China equity plunge haunts world stocks [CNBC] Shanghai shares drop 4 percent as China's February trade data disappoints [Reuters] U.S. economy creates paltry 20,000 jobs in February [AP] US housing starts climbed [...]

March 7th, 2019|Daily Commentary|

Thursday, March 7, 2019

[AP] Global shares mostly lower as US-China trade optimism fades [Reuters] Euro dips after ECB pushes out rate hike and offers new bank loans [Reuters] ECB pushes out rate hike and offers new loans to [...]

March 6th, 2019|Daily Commentary|

Wednesday, March 6, 2019

[Reuters] Stocks subdued due to lack of fresh catalysts [Reuters] U.S. trade deficit jumps to 10-year high in 2018 [AP] US budget deficit up 77 percent so far this budget year [AP] Survey: US businesses [...]

March 5th, 2019|Daily Commentary|

Tuesday, March 5, 2019

[Reuters] Stocks stall, dollar stands tall as China trims growth targets [Reuters] Pompeo says Trump will walk if China trade deal isn't perfect: interview [Reuters] China to slash taxes, boost lending to shore up slowing [...]

March 4th, 2019|Daily Commentary|

Monday, March 4, 2019

[Reuters] Stocks jump as U.S., China inch closer to trade deal [CNBC] US and China in 'final stages' of trade deal talks that could end this month, sources say [Reuters] Easier for China to face [...]

March 3rd, 2019|Daily Commentary|

Sunday, March 3, 2019

[Reuters] Trump says strong dollar hurting U.S. competitiveness [Reuters] U.S. says rejects WTO's 'straitjacket' of trade obligations [Reuters] North Korea has no economic future if it has nuclear weapons: Trump [Reuters] India-Pakistan border quiet but [...]

March 3rd, 2019|Daily Commentary|

Saturday, March 2, 2019

[Reuters] U.S. says rejects WTO's 'straitjacket' of trade obligations [Reuters] Wall St. Week Ahead: U.S. stock reign may not last over other regions [Reuters] Mexico eyes fresh U.S. targets for tariffs to pressure Trump over [...]

March 2nd, 2019|Daily Commentary|

Friday, March 1, 2019

[Reuters] Wall Street bounces as focus shifts to inflation, factory data [CNBC] US personal income posts first drop in over three years [Reuters] Growing China downdraft chills Asia factory activity [Reuters] China's manufacturing activity shrinks [...]

February 28th, 2019|Daily Commentary|

Thursday, February 28, 2019

[Reuters] Global stocks sink for third day as investors temper trade optimism [Reuters] U.S. economic growth slows less than expected in fourth quarter [Reuters] U.S. jobless claims rise; continuing claims at 10-month high [Reuters] U.S. [...]

February 27th, 2019|Daily Commentary|

Wednesday, February 27, 2019

[Reuters] Wall Street extends losses after comments from U.S. trade representative [Reuters] Dollar on defensive after Fed comments, sterling advance [Reuters] U.S. goods trade deficit widens sharply in December [Reuters] U.S. pending home sales increase [...]

February 27th, 2019|Daily Commentary|

Tuesday, February 26, 2019

[Reuters] Asian shares fall from five-month highs, pound jumps on Brexit delay hopes [Reuters] Fed's Clarida says U.S. economy in a good place [Bloomberg] With 10-to-1 Leverage, Shadow Banks Fuel China's Huge Stock Boom [Reuters] [...]

February 25th, 2019|Daily Commentary|

Monday, February 25, 2019

[Reuters] Asia shares climb as Trump pushes out tariff deadline [Reuters] Gold gains as dollar sags against yuan on China tariffs delay [Reuters] China shares surge as Trump offers tariff respite [Bloomberg] China's Xinhua Warns [...]

February 24th, 2019|Daily Commentary|

Sunday, February 24, 2019

[CNBC] China rushes to seal trade deal ahead of Trump's deadline [Reuters] Trump says trade talks with China were 'very productive' [Reuters] British PM May seeks more time: promises vote on Brexit deal by March [...]

February 24th, 2019|Daily Commentary|

Friday, February 22, 2019

[Reuters] Global shares up, Aussie dollar rebounds, Brent hits 2019 high [Reuters] Gold heads for second weekly gain on growth concerns [Reuters] U.S., China haggle over toughest issues in trade war talks [Reuters] A Fed [...]

February 21st, 2019|Daily Commentary|

Thursday, February 21, 2019

[Reuters] Global shares retain gains, Aussie whacked by rates and coal woes [Reuters] U.S. core capital goods orders unexpectedly fall in December [Reuters] Exclusive: U.S., China sketch outlines of deal to end trade war - [...]

February 20th, 2019|Daily Commentary|

Wednesday, February 20, 2019

[Reuters] U.S.-China trade hopes extend equity surge; central banks supportive [Reuters] Oil near 2019 highs amid OPEC cuts, U.S. sanctions [Reuters] Amid trade talks, China urges U.S. to respect its right to develop, prosper [CNBC] [...]

February 19th, 2019|Daily Commentary|

Tuesday, February 19, 2019

[Reuters] Tariff nerves wilt stocks, Swedish crown savaged by inflation slowdown [Reuters] Gold steady near 10-month high; palladium hits record level [AP] China’s economy czar heading to Washington for trade talks [Reuters] WTO warns of [...]

February 18th, 2019|Daily Commentary|

Monday, February 18, 2019

[Reuters] World stocks lifted to 2-1/2 month highs by trade optimism [Reuters] U.S. agency submits auto tariff probe report to White House [AP] China accuses US of trying to block its tech development [AP] EU [...]

February 17th, 2019|Daily Commentary|

Sunday’s News Links

[Bloomberg] Central Bankers Take to Stage as Dovish Outlooks Spread [AP] In Brexit limbo, UK veers between high anxiety, grim humor [Bloomberg] Hong Kong's Growth Halved in Fourth Quarter as Trade War Hit [CNBC] A [...]

February 17th, 2019|Daily Commentary|

Saturday, February 16, 2019

[Reuters] U.S.-China trade talks to resume next week, Trump hints at extension [AP] Trump’s new trade decision: Impose tariffs on imported cars? [Reuters] Pence chastises EU, rejects Merkel's call to work with Russia [Reuters] [...]

February 16th, 2019|Daily Commentary|

Friday, February 15, 2019

[Reuters] Wall St higher as U.S.-China trade talks advance [Reuters] China says reached consensus on some key issues during U.S. trade talks [Reuters] U.S.-China trade talks to resume in Washington next week [Reuters] China's banks [...]

February 14th, 2019|Daily Commentary|

Thursday, February 14, 2019

[Reuters] Shares and oil at three-month highs but no love for euro [Reuters] Yields fall after weak retail sales data [AP] Retail sales drop the most since September 2009 [Reuters] U.S. producer prices drop for [...]

February 13th, 2019|Daily Commentary|

Wednesday, February 13, 2019

[Reuters] Global stocks greet sign of trade truce extension with glee [Reuters] Oil rises 1 percent on deepening OPEC supply cuts, sanctions on Venezuela [Reuters] Consumer price index unchanged in January, vs. expectations of 0.1% [...]

February 12th, 2019|Daily Commentary|

Tuesday, February 12, 2019

[Reuters] Global stocks ride high as 'risk-on' reigns supreme [Reuters] Oil prices rise on OPEC output cuts, as U.S. sanctions bite [Reuters] U.S. lawmakers reach tentative deal to avoid government shutdown [Reuters] Trump not made [...]

February 11th, 2019|Daily Commentary|

Monday, February 11, 2019

[Reuters] Stocks inch higher as investors look ahead to trade talks, Brexit [Bloomberg] Swiss Franc Slumps in Mini ‘Flash Crash’ as Japan Curse Strikes [Reuters] Dollar hovers near six-week highs on fresh trade, global growth [...]

February 10th, 2019|Daily Commentary|

Sunday, February 10, 2019

[Bloomberg] Congressional Talks on Border Security Have Broken Down [Reuters] Talks to avert shutdown 'stall' over immigrant detention policies [Reuters] Italy's populist leaders pledge to replace central bank's top brass [Reuters] Mideast Stocks-Saudi slides on [...]

February 10th, 2019|Daily Commentary|

Saturday, February 9, 2019

[Bloomberg] China Says Vice Premier Liu He to Join U.S Trade Talks Next Week [Reuters] U.S. fund managers brace for consumer slowdown [Reuters] China condemns Indian PM Modi's visit to disputed region [WSJ] The [...]

February 9th, 2019|Daily Commentary|

February 8, 2019: Delusional

February 8 – Bloomberg (Brian Chappatta): “Bond traders are dusting off their tried and true post-crisis playbook after the Federal Reserve’s pivot last month. What they don’t realize is that the game has most likely [...]

February 9th, 2019|Weekly Commentary|

Friday, February 8, 2019

[Reuters] Darkening 'global economic skies' pull stocks lower [Reuters] As growth fears mount, German Bund yield lurches towards zero percent [Reuters] Oil falls on economic slowdown, but OPEC output cuts offer some support [CNBC] The [...]

February 7th, 2019|Daily Commentary|

Thursday, February 7, 2019

[Reuters] World shares go weak as dollar extends power surge [AP] Fed Chairman Powell urges plain speaking at Fed [Reuters] Fed's Powell repeats that U.S. economy is in 'a good place' [Reuters] EU slashes [...]

February 7th, 2019|Daily Commentary|

Wednesday, February 6, 2019

[Reuters] Asian shares subdued after Trump speech, Aussie slumps [Bloomberg] Trump Says Trade Deal With China Must Include Structural Change [Bloomberg] Wall Street Veteran Says U.S.-China Deal Will Be Sell Trigger [Bloomberg] The Next [...]

February 5th, 2019|Daily Commentary|

Tuesday, February 5, 2019

[Reuters] Stocks sizzle at 2-month highs, iron ore still on fire [CNBC] Here’s what investors should watch for in Trump’s State of the Union [Reuters] Fed Chair Powell and Trump met Monday to discuss economy: [...]

February 4th, 2019|Daily Commentary|

Monday, February 4, 2019

[Reuters] World stocks muted, dollar firms on fading U.S. job's bounce [Reuters] Oil prices edge lower, tightening supply outlook supports [Reuters] White House adviser: 'A lot of work to do' in China trade talks: CNBC [...]

February 3rd, 2019|Daily Commentary|

Saturday, February 2, 2019

[Reuters] Russia suspends nuclear arms treaty after U.S. says to pull out [Reuters] Venezuelan general urges military to disavow Maduro as opposition stages rallies [Bloomberg] What CEOs Are Saying About the Possibility of a Recession [...]

February 2nd, 2019|Daily Commentary|

February 1, 2019: No Mystery

January 30 – Financial Times (Sam Fleming): “After putting traders on notice six weeks ago to expect further increases in US interest rates in 2019, the Federal Reserve… executed one of its sharpest U-turns in [...]

February 1st, 2019|Weekly Commentary|

Friday, February 1, 2019

[Reuters] Stock rally pauses after disappointing China data [Reuters] Italian bond yields jump as weak PMI shines a light on rising deficit [Reuters] U.S. job growth surges; unemployment rate rises to 4.0 percent [Reuters] Factory [...]

January 31st, 2019|Daily Commentary|

Thursday, January 31, 2019

[Reuters] Friendly Fed fires world stocks to best January on record [Reuters] Dollar weaker on Fed's dovish outlook; Aussie dollar, euro gain [Reuters] U.S. weekly jobless claims jump to near one-and-a-half year high [Reuters] Trump [...]

January 30th, 2019|Daily Commentary|

Wednesday, January 30, 2019

[Reuters] Stocks steady before Fed as Apple relief offsets Brexit complications [Reuters] Fed likely to hold rates steady as it navigates data blind spots [Reuters] U.S., China launch high level trade talks amid deep differences [...]

January 29th, 2019|Daily Commentary|

Tuesday, January 29, 2019

[Reuters] Wall Street higher after latest batch of earnings [Reuters] Gold reaches seven-month high as stocks, dollar struggle [Reuters] Powell faces early reckoning on Fed's $4-trillion question [Reuters] PG&E, owner of biggest US power utility, [...]

January 28th, 2019|Daily Commentary|

Monday, January 28, 2019

[Reuters] Stocks edge down on China worries as trade talks, Fed decision loom [CNBC] Caterpillar stock skids after the company’s earnings, forecast fall short of expectations [Reuters] Gold hovers near $1,300 as investors await Fed [...]

January 27th, 2019|Daily Commentary|

Sunday, January 27, 2019

[Reuters] Wall St Week Ahead-Consumer confidence in focus as shutdown fears fade [AP] UK PM May faces bruising week with Brexit challenges [BBC] Trudeau fires Canada's ambassador to China amid Huawei controversy [Reuters] French 'yellow [...]

January 27th, 2019|Daily Commentary|

Saturday, January 26, 2019

[CNBC] Global market liquidity could ‘freeze like the water in Davos,’ UBS’ Ermotti says [Reuters] Major European countries poised to recognize Venezuela's Guaido [WSJ] IPO Hopes Trigger Scramble for Shares of Top Unicorns [Bloomberg] Wildlife [...]

January 26th, 2019|Daily Commentary|

Friday, January 25, 2019

[Reuters] Global stocks gain on earnings, euro rebounds after dovish ECB [SCMP] China, US ‘less belligerent, more cordial’ as delegation heads to Washington before Liu He [CNBC] The Fed may be moving closer to ending [...]

January 24th, 2019|Daily Commentary|

Thursday, January 24, 2019

[Reuters] S&P, Dow lower after Commerce Secretary Ross's trade comment [CNBC] Commerce Sec Wilbur Ross: The US is ‘miles and miles’ from a trade deal with China [Reuters] U.S. weekly jobless claims lowest since 1969 [...]

January 23rd, 2019|Daily Commentary|

Wednesday, January 23, 2019

[Reuters] Stocks reverse losses in fragile rebound; U.S. dollar falls [Reuters] Trump won't soften hardline on China to make trade deal: advisers [Reuters] Explainer: U.S. government shutdown leaves data vacuum in its wake [CNBC] The [...]

January 22nd, 2019|Daily Commentary|

Tuesday, January 22, 2019

[Reuters] IMF pessimism + trade tensions = sickly stocks [Reuters] China, HK stocks retreat as investors brace for tough quarter [Reuters] Oil drops nearly 2 percent as China slowdown bites [Reuters] Yuan's drop aligns it [...]

January 21st, 2019|Daily Commentary|

Monday, January 21, 2019

[Reuters] Global stock markets falter after China data, Brexit Plan B awaited [Reuters] Oil rises to 2019 highs on strong China demand despite economic slowdown [AP] At 30-day mark, shutdown logjam remains over border funding [...]

January 20th, 2019|Daily Commentary|

Sunday, January 20, 2019

[Reuters] Trump says deal ‘could very well happen’ with China, but denies he’s considering lifting tariffs [Reuters] U.S. House Speaker Pelosi rejects Trump plan to reopen government [AP] China slump squeezes workers, hammers consumer spending [...]

January 19th, 2019|Daily Commentary|

Saturday January 19, 2019

[Reuters] Trump says a deal 'could very well happen' with China [Reuters] Merkel says to work hard for a Brexit deal [Reuters] Explainer: How U.S.-China talks differ from any other trade deal [WSJ] Central [...]

January 19th, 2019|Daily Commentary|

Friday, January 18, 2019

[Reuters] Stocks bask in trade optimism, set for fourth straight week of gains [Reuters] Pound set for biggest weekly gain vs euro in more than a year on Brexit hopes [Reuters] U.S. manufacturing output posts [...]

January 17th, 2019|Daily Commentary|

Thursday, January 17, 2019

[Reuters] Stocks turn red, pound finds some peace [Reuters] Italian bonds lead rally in periphery as core rates hold firm [Reuters] Philly Fed business index rises more than expected in January [Reuters] Trump 'inclined' to [...]

January 16th, 2019|Daily Commentary|

Wednesday, January 16, 2019

[Reuters] World stocks hold nerve after May's Brexit defeat, pound steady [Reuters] US import prices fall for a second straight month [Reuters] U.S. mortgage applications climb to 11-month high: MBA [Reuters] China central bank injects [...]

January 15th, 2019|Daily Commentary|

Tuesday, January 15, 2019

[Reuters] Stocks tripped by earnings angst, sterling huddled for Brexit vote [Reuters] U.S. producer prices fall more than expected in December [Reuters] China signals more stimulus as economic slowdown deepens [Reuters] No clear path for [...]

January 14th, 2019|Daily Commentary|

Monday, January 14, 2019

[Reuters] China trade shock hits global stocks, commodities [Reuters] Oil slides on China trade slump, but crude imports remain high [Reuters] China's exports shrink most in 2 years, raising risks for global economy [Reuters] China's [...]

January 13th, 2019|Daily Commentary|

Sunday, January 13, 2019

[Reuters] Government shutdown breaks record, with no end in sight [Reuters] May warns of catastrophe if lawmakers don't back Brexit deal [Bloomberg] Gundlach Warns U.S. Economy Is Floating on ‘an Ocean of Debt’ [FT] China [...]

January 12th, 2019|Daily Commentary|

Saturday, January 12, 2019

[CNBC] The partial government shutdown is now the longest ever as Trump border wall fight rages on [CNBC] New home sales tank 19 percent to end 2018 [CNBC] 5 historic global shifts that could turn [...]

January 12th, 2019|Daily Commentary|

January 11, 2019: Issues 2019

Please join Doug Noland and David McAlvany Thursday, January 24th, at 4:00PM EST/ 2:00pm MST for the Tactical Short Q4 recap conference call, “The 2019 Secular Shift: Beginning the Long, Difficult Road.” Click here to [...]

January 12th, 2019|Weekly Commentary|

Friday, January 11, 2019

[AP] Global stocks give up some gains after solid start to year [Reuters] Gold set for fourth weekly gain on softening dollar [Reuters] U.S. consumer prices post first drop in nine months [Reuters] U.S. expects [...]

January 10th, 2019|Daily Commentary|

Thursday, January 10, 2019

[Reuters] Stocks rally splutters as trade talks, data disappoint [Reuters] Dollar weak on expectations of no 2019 Fed hikes; Aussie slips [Reuters] Oil down 1 percent on indecisive U.S.-China trade talks, rising inventories [AP] US, [...]

January 9th, 2019|Daily Commentary|

Wednesday, January 9, 2019

[Reuters] U.S.-China trade hopes lift world stocks, oil soars [Reuters] Oil rises 2 percent on U.S.-China trade talk optimism [Reuters] U.S.-China trade talks conclude as hopes of a deal build [Reuters] Chinese state media says [...]

January 8th, 2019|Daily Commentary|

Tuesday, January 8, 2019

[Reuters] Stocks stay strong as Europe shrugs off Samsung warning [Reuters] More U.S. regions see job openings outnumbering jobless [AP] No word on progress after 2nd day of China-US trade talks [CNBC] Sears plans to [...]

January 7th, 2019|Daily Commentary|

Monday, January 7, 2019

[Reuters] Stocks flat after Wall Street's strongest surge in new year [Reuters] Gold rises, palladium hits record high as Fed shift hopes hurt dollar [Reuters] Oil gains 2 percent, extending rally from December lows [Reuters] [...]

January 6th, 2019|Daily Commentary|

Sunday, January 6, 2019

[Reuters] No breakthrough in U.S. shutdown talks, Pelosi plans new legislation [Reuters] PM May says if Brexit deal is rejected, UK will be in uncharted territory [Reuters] Iran's central bank proposes slashing four zeros from [...]

January 6th, 2019|Daily Commentary|

Saturday, January 5, 2019

[Reuters] Take Five: Be careful out there! World markets themes for the week ahead [MarketWatch] The government shutdown already ranks as the 2nd longest in 20 years [SCMP] Chinese President Xi Jinping gives army its [...]

January 5th, 2019|Daily Commentary|

Friday, January 4, 2019

[Reuters] China-U.S. trade talks a tonic to battered markets [Reuters] Treasury yields rise after blowout employment report [Reuters] JGB yields hit lowest since late 2016 amid risk aversion in broader markets [Reuters] U.S. job growth [...]

January 3rd, 2019|Daily Commentary|

Thursday, January 3, 2019

[Reuters] Apple bombshell sends investors to safe havens; 'flash crash' jolts currencies [Reuters] Yen soars as investors seek safety on China growth fears [Reuters] Gold lifted by signs of ailing global economy [Reuters] Oil prices [...]

January 2nd, 2019|Daily Commentary|

Wednesday, January 2, 2019

[Reuters] After brutal 2018, world stocks nurse New Year's hangover [Reuters] Gold hits multi-month high as falling equities cement growth fears [CNBC] Asian stocks trade cautiously on the first trading day of 2019 [Reuters] Yen [...]

January 1st, 2019|Daily Commentary|

Tuesday, January 1, 2019

[Reuters] Cooperation best for both China and U.S., Xi tells Trump [Reuters] North Korea's Kim says ready to meet Trump but warns of 'new path' [Reuters] Brazil to inaugurate far-right firebrand Bolsonaro president [Reuters] Thousands [...]

January 1st, 2019|Daily Commentary|

Monday, December 31, 2018

[Reuters] Stocks pin hopes on U.S.-China trade talks after brutal year [Reuters] Oil prices gain, but set for first yearly drop since 2015 [Reuters] GE drags premier U.S. corporate debt, which posts worst year since [...]

December 30th, 2018|Daily Commentary|

Saturday, December 29, 2018

[MarketWatch] Here’s just how crazy this week was for the stock market, in one big chart [CNN] A head-spinning, jaw-dropping 10 days in the markets [BloombergSub] U.S. Options Volume Surged to Record in 2018 [...]

December 29th, 2018|Daily Commentary|

Friday, December 28, 2018

[Reuters] World stocks at one-week highs as Wall Street extends rebound [Reuters] Oil prices slip toward 18-month lows ahead of New Year [Reuters] Dollar LIBOR posts biggest weekly fall since May [Reuters] King dollar's reign [...]

December 27th, 2018|Daily Commentary|

Thursday, December 27, 2018

[Reuters] Dramatic stock market rally runs out of steam [Reuters] Stocks tumble after Wall Street's dramatic surge [Reuters] Oil slips back toward 18-month lows on oversupply [CNBC] White House considering new executive order to bar [...]

December 26th, 2018|Daily Commentary|

Wednesday, December 26, 2018

[Reuters] Stocks higher after four sessions of sharp declines [BloombergQ] Oil Rises After Breaching $50 as Market Chaos Cloaks OPEC+ Cuts [Reuters] Trump praises Treasury Secretary Mnuchin but hits Fed again on rate rises [...]

December 26th, 2018|Daily Commentary|

Wednesday, December 26, 2018

[Reuters] Asian stocks retreat as U.S. political tumult adds to growth worry [Reuters] Trump praises Treasury Secretary Mnuchin but hits Fed again on rate rises [CNBC] Trump digs in heels on government shutdown: ‘It’s not [...]

December 25th, 2018|Daily Commentary|

Tuesday, December 25, 2018

[Reuters] Dollar slips to four-month low vs. yen amid turmoil in Washington [Reuters] 10-year JGB yield hits zero for first time since Sept 2017 as risk-off dominates [Reuters] Japan's top currency official says govt ready [...]

December 25th, 2018|Daily Commentary|

Monday, December 24, 2018

[Reuters] Markets far from merry as stock losses extend into seventh day [BloombergQ] U.S. Stocks Decline; Treasuries, Gold Gain: Markets Wrap [Reuters] Euro, yen draw investors as U.S. uncertainty hurts dollar [Reuters] Gold rises as [...]

December 23rd, 2018|Daily Commentary|

Sunday, December 23, 2018

[CNBC] Treasury Secretary Mnuchin moves to quell firestorm, says Trump never suggested firing Fed Chairman Powell despite ‘absolute terrible’ policy [CNBC] US government shutdown appears set to continue until Thursday as fight over Trump’s [...]

December 23rd, 2018|Daily Commentary|

Saturday, December 22, 2018

[BloombergQ] Trump Discusses Firing Fed's Powell After Latest Rate Hike, Sources Say [Reuters] Trump has discussed firing Federal Reserve chairman Powell: Bloomberg [CNBC] Trump cannot fire Fed Chairman Powell: Morgan Stanley [Reuters] U.S. government partially [...]

December 22nd, 2018|Daily Commentary|

Friday, December 21, 2018

[Reuters] Global growth worries, U.S. government shutdown threat hit stocks [Reuters] Corporate bond issuance shrinks to 7-year low as selloff deepens [AP] US economy grew at 3.4% rate in the third quarter [AP] US durable [...]

December 20th, 2018|Daily Commentary|

Thursday, December 20, 2018

[BloombergQ] Stocks Steady After Fed; Oil Tumbles: Markets Wrap [Reuters] Gold jumps 1 pct as dollar slides, stocks tumble after Fed [Reuters] World stocks suffer as Fed heightens recession fears [Reuters] Oil slumps 4% to [...]

December 19th, 2018|Daily Commentary|

Wednesday, December 19, 2018

[BloombergQ] Stocks Rise Before Fed Decision; Treasuries Steady: Markets Wrap [BloombergQ] Fed Seen Making Dovish Hike With 2019 Pause: Decision Day Guide [Reuters] Fed expected to raise rates, may signal fewer hikes ahead [CNBC] Italy [...]

December 18th, 2018|Daily Commentary|

Tuesday, December 18, 2018

[Reuters] Growth fears grip world markets ahead of Fed meeting [Reuters] U.S. housing starts rebound; single-family segment weak [Reuters] Trump pressures Fed before meeting, warns against 'another mistake' [CNBC] Xi calls for China to ‘stay [...]

December 17th, 2018|Daily Commentary|

Monday, December 17, 2018

[BloombergQ] Stocks Decline With Dollar at Start of Fed Week: Markets Wrap [Reuters] Oil rallies but oversupply, economic growth weigh [Reuters] China trade steps seen as good start but leave core U.S. demands untouched [Reuters] [...]

December 16th, 2018|Daily Commentary|

Sunday, December 16, 2018

[Reuters] Will landing be soft or "chaotic" as Fed begins to stop rate hike cycle [Reuters] Ten years on, Fed's long, strange, trip to zero redefined central banking [NY Post] Major hedge funds are scrambling [...]

December 16th, 2018|Daily Commentary|

Saturday, December 15, 2018

[Reuters] Take Five: Feeling Fed up again? World markets themes for the week ahead [CNBC] The Affordable Care Act is ruled unconstitutional by a federal judge, may set up a new showdown at the Supreme [...]

December 15th, 2018|Daily Commentary|

Friday, December 14, 2018

[Reuters] Weak economic data send world stocks tumbling [BloombergQ] Global Stock Sell-Off Resumes as Growth Signs Flag: Markets Wrap [Reuters] U.S. core retail sales surge in November [Reuters] China says to halt additional tariffs [...]

December 13th, 2018|Daily Commentary|

Thursday, December 13, 2018

[BloombergQ] U.S., Europe Stocks Recover as Euro Slips: Markets Wrap [Reuters] Euro slips, bond yields fall as ECB trims growth, inflation forecasts [BloombergQ] Chinese Stocks Jump as Annual Policy Meeting Fuels Easing Bets [Reuters] Oil [...]

December 12th, 2018|Daily Commentary|

Wednesday, December 12, 2018

[Reuters] Stocks cheered by Trump trade talk; sterling claws off lows [BloombergQ] Stocks Rally on Renewed Trade Hopes; Pound Climbs: Markets Wrap [Reuters] Oil rises more than 1 percent on OPEC-led supply cuts, trade talk [...]

December 11th, 2018|Daily Commentary|

Tuesday, December 11, 2018

[Reuters] Trade détente bounce masks unease over Brexit and growth [Reuters] Indian markets slide after c.bank chief quits; state vote outcome in focus [CNBC] Trump teases ‘important announcements’ as he touts ‘very productive’ China trade [...]

December 10th, 2018|Daily Commentary|

Monday, December 10, 2018

[BloombergQ] Stocks Fall on Heightened Trade Worry; Dollar Dips: Markets Wrap [BloombergQ] Rising U.S.-China Tensions Roil U.S. Stock-Index Futures [Reuters] Dollar little changed after biggest weekly loss in three months [Reuters] Global stocks extend slump [...]

December 9th, 2018|Daily Commentary|

Sunday, December 9, 2018

[Reuters] China summons US ambassador to lodge ‘strong protest’ over Huawei arrest [Reuters] China says U.S. should withdraw arrest warrant for Huawei executive [BloombergQ] Fed Wants You to Know: It’s Shifting to More Cautious Rate [...]

December 9th, 2018|Daily Commentary|

Saturday, December 8, 2018

[Reuters] China calls on Canada to free Huawei CFO or face consequences [Reuters] China's November export, import growth shrinks, showing weak demand [Reuters] China's November trade surplus with U.S. widens to $35.55 billion [Reuters] [...]

December 8th, 2018|Daily Commentary|

Friday, December 7, 2018

[BloombergQ] Stocks, Treasuries Fluctuate After Jobs Report: Markets Wrap [Reuters] U.S. job growth slows; monthly wage gains miss expectations [Reuters] Huawei CFO to appear in Canada court as Chinese media slam arrest [SCMP] China separates [...]

December 6th, 2018|Daily Commentary|

Thursday, December 6, 2018

[BloombergQ] Stocks Slump, Treasuries Gain as Sell-Off Resumes: Markets Wrap [BloombergQ] China Stocks Slump as Huawei Shakes Sentiment, Drugmakers Plunge [CNBC] Oil prices slide 3% as OPEC is seen cutting output less than expected [Reuters] [...]

December 5th, 2018|Daily Commentary|

Wednesday, December 5, 2018

[Reuters] World stocks sideswiped by Wall Street, U.S. yield curve double whammy [BloombergQ] Offshore China Stocks Retreat as Trade Doubts Return; Bonds Rise [Reuters] Oil prices skid with global stock markets; U.S. supply swells [CNBC] [...]

December 4th, 2018|Daily Commentary|

Tuesday, December 4, 2018

[BloombergQ] Stocks Drop as Trade Hopes Fade; Curve Flattens: Markets Wrap [Reuters] China stock bounce short-lived as growth, trade worries resurface [Reuters] Dollar weakens as U.S. bond yields fall, trade truce supports riskier currencies [Reuters] [...]

December 3rd, 2018|Daily Commentary|

Monday, December 3, 2018

[BloombergQ] Stocks Rally, Bonds Dip on Trade Truce; Oil Gains: Markets Wrap [Reuters] Shanghai shares rally, yuan firms after China, U.S. pause trade war [BloombergQ] Oil Surges on Saudi-Russia Agreement, Alberta Production Curb [CNBC] China's [...]

December 2nd, 2018|Daily Commentary|

Sunday, December 2, 2018

[Reuters] U.S., China agree trade war ceasefire after Trump, Xi summit [CNBC] Trump hails trade deal with China as one of the largest ever made [CNBC] Fed Chair Powell survives a critical week, now faces [...]

December 2nd, 2018|Daily Commentary|

Saturday, December 1, 2018

[Reuters] Trump, China's Xi poised for high-stakes summit over trade war [BloombergQ] G-20 Talks Drag Into Final Day With Risk of Laundry-List Deal [Reuters] Trump-Xi meeting puts stock market on edge [Reuters] Mexico leftist takes [...]

December 1st, 2018|Daily Commentary|

Friday, November 30, 2018

[BloombergQ] Stocks Decline Before G-20; Treasuries Edge Higher: Markets Wrap [CNBC] Stocks cut losses after Lighthizer says he expects Trump-Xi dinner 'success' [Reuters] China state paper says trade deal possible at G20 if U.S. 'fair [...]

November 29th, 2018|Daily Commentary|

Thursday, November 29, 2018

[Reuters] Rally on dovish Fed fizzles out as Trump strikes tough tone on trade [Reuters] Oil stages U-turn, rises after Russia leans toward output cut [Reuters] U.S. consumer spending surges, underlying inflation slows [BloombergQ] Bloomberg [...]

November 28th, 2018|Daily Commentary|

Wednesday, November 28, 2018

[BloombergQ] Stocks Push Higher; Dollar Steadies Before Powell: Markets Wrap [Reuters] Dollar supported by Fed official's comments, trade war tensions [CNBC] Trump could reportedly seek trade truce with China at G-20 despite tough rhetoric [FXStreet] [...]

November 27th, 2018|Daily Commentary|

Tuesday, November 27, 2018

[BloombergQ] Stocks Drop as Trade Talk Weighs; Copper Declines: Markets Wrap [Reuters] Trade tensions pause stocks rally [BloombergQ] Trump to Keep Mnuchin, Ross in Cabinet Posts for Now, Sources Say [CNBC] Fed's Clarida says interest [...]

November 26th, 2018|Daily Commentary|

Monday, November 26, 2018

[BloombergQ] Global Stocks Rebound With Oil; Italy Bonds Rally: Markets Wrap [Reuters] Oil prices stabilize after 'Black Friday' plunge [BloombergQ] Grim Stock Signals Piling Up as Wall Street Mulls Recession Odds [Reuters] Japan November factory [...]

November 25th, 2018|Daily Commentary|

Sunday, November 25, 2018

[Reuters] EU agrees 'best possible' Brexit deal, urges Britons to back May [CNBC] Bitcoin extends losses, slides under $3500 to lowest since September 2017 [Reuters] Wall St Week Ahead-Investors caught in crossfire of fight for [...]

November 25th, 2018|Daily Commentary|

Saturday, November 24, 2018

[Reuters] Trump dismisses report he is unhappy with Treasury's Mnuchin [Reuters] U.S. fund investors signal concern on credit [Reuters] Gibraltar deal clears way for Sunday Brexit summit [AP] Italy’s leader to EU: we won’t budge [...]

November 24th, 2018|Daily Commentary|

Friday, November 23, 2018

[BloombergQ] U.S. Stocks Drop; Copper Declines With Oil: Markets Wrap [Reuters] China leads Asian shares lower on growth, trade worries [CNBC] Oil plunges 7% to new 2018 low [Reuters] G20, forged in crisis, faces major [...]

November 22nd, 2018|Daily Commentary|

Thursday, November 22, 2018

[BloombergQ] Stocks Drop in Quiet Holiday Trading; Pound Jumps: Markets Wrap [Reuters] European stocks wilt after tech reboot fails [Reuters] Oil falls on rising U.S. inventories, OPEC talk of cut limits loss [CNBC] US-China trade [...]

November 21st, 2018|Daily Commentary|

Wednesday, November 21, 2018

[Reuters] World stocks try to find feet after tech-driven rout [BloombergQ] Oil Rebounds From One-Year Low as U.S. Crude Stockpiles Drop [Reuters] Money Markets-Dollar LIBOR posts biggest rise in eight months [Reuters] U.S. core capital [...]

November 20th, 2018|Daily Commentary|

Tuesday, November 20, 2018

[BloombergQ] Stocks Track Tech Slump in U.S.; Treasuries Gain: Markets Wrap [BloombergQ] China Stocks Lead Global Losses as Tech Rout Hits Fragile Market [Reuters] Italy's bond yields rise as budget tensions weigh [Reuters] Oil declines [...]

November 19th, 2018|Daily Commentary|

Monday, November 19, 2018

[BloombergQ] Stocks Mixed as Treasuries Decline, Dollar Steadies; Market Wrap [BloombergQ] Poland Pledges Liquidity for Troubled Banks as Stocks Steady [Reuters] Dollar pauses as Fed officials caution about global growth, yen firms [CNN] China hoped [...]

November 18th, 2018|Daily Commentary|

Sunday, November 18, 2018

[BloombergQ] Pence's Sharp China Attacks Fuel Fears of New Cold War [CNBC] British PM May says changing leadership will delay Brexit [CNBC] Power outages, bank runs, changed financial data: Here are the 'cyber 9/11' [...]

November 18th, 2018|Daily Commentary|

Saturday, November 17, 2018

[BloombergQ] Fed’s Job Gets a Lot More Complicated After Likely December Hike [BloombergQ] Pence-Xi Showdown at APEC Shows U.S.-China Divide Only Widening [Reuters] Pence vows no end to tariffs until China bows [FT] Investors signal [...]

November 17th, 2018|Daily Commentary|

Friday, November 16, 2018

[BloombergQ] Stocks Decline as Trade War Simmers; Dollar Steady: Markets Wrap [CNBC] Fed's Clarida says central bank close to neutral and should be 'data dependent' on more hikes [Reuters] China cbank tells lenders to manage [...]

November 15th, 2018|Daily Commentary|

Thursday, November 14, 2018

[BloombergQ] Pound Slumps, Stocks Knocked Amid Brexit Turmoil: Markets Wrap [Reuters] Fed's Powell: U.S. 'really strong' even with housing, other risks to watch [Reuters] British PM May battles to save Brexit deal as ministers quit [...]

November 14th, 2018|Daily Commentary|

Wednesday, November 14, 2018

[BloombergQ] U.S. Stocks Higher as Crude Rebounds: Markets Wrap [Reuters] Italy bond yields rise, BTP futures tumble as Italy sticks to deficit target [Reuters] Oil finds floor, stocks ease, sterling braces for wild swings [Reuters] [...]

November 13th, 2018|Daily Commentary|

Tuesday, November 13, 2018

[BloombergQ] Stocks Climb on Trade Talk Hopes; Oil Extends Loss: Markets Wrap [Reuters] European shares recover after U.S. tech rout; dollar falls [Reuters] China's yuan inches up as state banks step in to support [CNBC] [...]

November 12th, 2018|Daily Commentary|

Monday, November 12, 2018

[BloombergQ] Stocks Retreat as Dollar Strengthens; Oil Rebounds: Markets Wrap [Reuters] Italian yields rise on Carige's woes, budget deadline [Reuters] 'King dollar' reigns supreme in world of slowing growth, European risks [Reuters] Yuan extends losses [...]

November 11th, 2018|Daily Commentary|

Sunday, November 11, 2018

[BloombergQ] Bond Traders About to See If They're Underrating Inflation Risks [MarketWatch] Stock-market investors wrestle with a glut of bearish signs as oil prices plunge [Reuters] Severe 'devil winds' expected to whip up deadly California [...]

November 11th, 2018|Daily Commentary|

Saturday, November 10, 2018

[Reuters] Take Five: Trump to Italy, world markets themes for the week ahead [BloombergQ] China’s Central Bank Ready to Tackle ‘Profound’ Economic Changes [BloombergQ] Italy Considers Tweaks to Budget Ahead of EU Deadline [Reuters] Fox [...]

November 10th, 2018|Daily Commentary|

Friday, November 9, 2018

[BloombergQ] Stocks Fall on Oil, China Concerns; Dollar Gains: Markets Wrap [Reuters] China stocks fall further, financials top drag [Reuters] Treasuries-U.S. yields trim fall as producer prices jump in Oct [Reuters] Emerging Markets-Strong dollar pressures [...]

November 8th, 2018|Daily Commentary|

Thursday, November 8, 2018

[Reuters] World stocks score longest winning run of 2018 ahead of Fed [AP] Fed is set to keep rates on hold before a hike later in the year [Reuters] China October export growth surprisingly strong [...]

November 7th, 2018|Daily Commentary|

Wednesday, November 7, 2018

[Reuters] Stocks Climb as Investors Cheer On U.S. Gridlock: Markets Wrap [Reuters] Gold rises as dollar sags after U.S. mid-term results [Reuters] Money Markets-U.S. three-month LIBOR climbs to decade high [BloombergQ] The Treasury Market Has [...]

November 6th, 2018|Daily Commentary|

Tuesday, November 6, 2018

[Reuters] Stocks, dollar hunker down for U.S. midterm elections [Reuters] Oil prices down on Iran sanction exemptions, demand concerns [Reuters] Money Markets-Dollar LIBOR resumes rise ahead of Fed meeting [CNBC] Here's what every major Wall [...]

November 5th, 2018|Daily Commentary|

Monday, November 5, 2018

[BloombergQ] Stocks Struggle Before U.S. Midterms; Dollar Rises: Markets Wrap [Reuters] Investors slam brakes on stocks rally as trade, Fed worries dominate [BloombergQ] Italy's Bonds Drop as Leaders Defiant Before Eurogroup Meeting [Reuters] Oil prices [...]

November 4th, 2018|Daily Commentary|

Sunday, November 4, 2018

[BloombergQ] Trump-Xi Trade Deal Is Likely to Begin Rather Than End at G-20 [AP] Anxious politicians and volunteers make final election push [BloombergQ] Xi to Face World Tired of Empty Promises at Big China Trade [...]

November 4th, 2018|Daily Commentary|

Saturday, November 3, 2018

[BloombergQ] Where the Midterm Race Stands Days Before U.S. Vote: Election Countdown [CNBC] Red Wave, Blue Wave: What could happen to markets if Republicans win big or lose big on Tuesday [BloombergQ] Can Central Banks [...]

November 3rd, 2018|Daily Commentary|

Friday, November 2, 2018

[BloombergQ] U.S. Stocks Rise on Trade Hope; Bonds Drop on Jobs: Markets Wrap [Reuters] Shares roar higher on U.S.-China trade deal hopes [Reuters] Treasuries-Yields tick up after strong jobs report, wage gains [Reuters] U.S. job [...]

November 1st, 2018|Daily Commentary|

Thursday, November 1, 2018

[Reuters] World stocks start month firmer as risk sentiment rebounds [BloombergQ] Chinese Stocks Rise on Stimulus Bets as Yuan Gains on Fixing [Reuters] Oil Falls to Two-Month Low as U.S. Supply Surge Allays Iran Fear [...]

October 31st, 2018|Daily Commentary|

Wednesday, October 31, 2018

[BloombergQ] Stocks Rally to End Painful Month; Treasuries Drop: Markets Wrap [CNBC] 'Robust' jobs market sees another 227,000 hires in October [Reuters] Rising wages boost U.S. labor costs in third quarter [Reuters] U.S. Treasury to [...]

October 31st, 2018|Daily Commentary|

Tuesday, October 30, 2018

[BloombergQ] U.S. Stocks Rise in Volatile Trading, Bonds Drop: Markets Wrap [BloombergQ] China’s Yuan Drops to a Decade-Low, 7 Per Dollar Now in Sight [BloombergQ] China Shares Jump on Trump Comments, Yuan Flirts With Decade [...]

October 29th, 2018|Daily Commentary|

Monday, October 29, 2018

[BloombergQ] U.S. Stocks Rally With Dollar as Bonds Slump: Markets Wrap [CNBC] Chinese markets take another tumble amid a brutal October for mainland stocks [Reuters] Euro weakens on report Germany's Merkel won't seek re-election as [...]

October 29th, 2018|Daily Commentary|

Sunday, October 28, 2108

[BloombergQ] Bond Traders, Spooked by Tumult in Stocks, Doubt Fed's Rate Path [Reuters] Take Five: World markets themes for the week ahead [BloombergQ] Everything You Need to Know About Brazil’s Election: Balance of Power [...]

October 29th, 2018|Daily Commentary|

Saturday, October 27, 2018

[Reuters] China regulator urges Beijing banks not to force liquidation of pledged shares: Yicai [Reuters] China's industrial profits growth slows for fifth month as orders wane [CNBC] The 'unbeauty contest': All you need to know [...]

October 29th, 2018|Daily Commentary|

Friday, October 26, 2018

[BloombergQ] Equities Rout Resumes; Dollar, Bonds Push Higher: Markets Wrap [Reuters] Amazon shares sink 10 percent on growth worries [CNBC] The US economy grew at a 3.5% pace in the third quarter, faster than expected [...]

October 25th, 2018|Daily Commentary|

Thursday, October 25, 2018

[BloombergQ] U.S. Stocks Climb; Euro Holds Gains on ECB: Markets Wrap [Reuters] Europe attempts comeback after world stocks routed again [Reuters] Oil prices fall one percent amid global stock market slump [CNBC] US trade [...]

October 24th, 2018|Daily Commentary|

Wednesday, October 24, 2018

[Reuters] Fears for growth, company profits keep stocks under pressure after five days in red [BloombergQ] Trump Says He ‘Maybe’ Regrets Picking Fed's Powell, WSJ Reports [CNBC] China talks up the stock market amid lurking [...]

October 23rd, 2018|Daily Commentary|

Tuesday, October 23, 2018

[Reuters] Wall Street down on Saudi concerns, Caterpillar [BloombergQ] Oil prices fall as Saudi Arabia pledges to play 'responsible role' in market [Reuters] This week's earnings shine spotlight on China growth risk [BloombergQ] Europe’s Moment [...]

October 22nd, 2018|Daily Commentary|

Monday, October 22, 2018

[BloombergQ] Stocks Jump After China Rally; Italian Bonds Climb: Markets Wrap [Reuters] Stock futures rise after China rally, Italy's budget relief [BloombergQ] Chinese Stocks Rally Most Since 2016 as State Steps Up Support [BloombergQ] Kudlow [...]

October 21st, 2018|Daily Commentary|

Sunday, October 21, 2018

Mideast Stock-Saudi stocks close up slightly after account of Khashoggi death [BloombergQ] Italy's Banks at Risk From Widening Spread, League Official Says [Reuters] China says must balance stable growth and risk prevention [Reuters] Trump says [...]

October 21st, 2018|Daily Commentary|

Saturday, October 20, 2018

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

October 20th, 2018|Daily Commentary|

Friday, October 19, 2018

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

October 18th, 2018|Daily Commentary|

Thursday, October 18, 2018

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

October 17th, 2018|Daily Commentary|

Wednesday, October 17, 2018

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

October 16th, 2018|Daily Commentary|

Tuesday, October 16, 2018

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

October 15th, 2018|Daily Commentary|

Monday, October 15, 2018

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

October 14th, 2018|Daily Commentary|

Sunday, October 14, 2018

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

October 14th, 2018|Daily Commentary|

Saturday, October 13, 2018

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

October 13th, 2018|Daily Commentary|

Friday, October 12, 2018

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

October 11th, 2018|Daily Commentary|

Thursday, October 11, 2018

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

October 10th, 2018|Daily Commentary|

Wednesday, October 10, 2018

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

October 9th, 2018|Daily Commentary|

Tuesday, October 9, 2018

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

October 8th, 2018|Daily Commentary|

Monday, October 8, 2018

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

October 7th, 2018|Daily Commentary|

Sunday, October 7, 2018

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

October 7th, 2018|Daily Commentary|

Saturday, October 6, 2018

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

October 6th, 2018|Daily Commentary|

Friday, October 5, 2018

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

October 4th, 2018|Daily Commentary|

Thursday, October 4, 2018

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

October 3rd, 2018|Daily Commentary|

Wednesday, October 3, 2018

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

October 2nd, 2018|Daily Commentary|

Tuesday, October 2, 2018

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

October 1st, 2018|Daily Commentary|

Monday, October 1, 2018

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

September 30th, 2018|Daily Commentary|

Sunday, September 30, 2018

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

September 30th, 2018|Daily Commentary|

Saturday, September 29, 2018

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

September 29th, 2018|Daily Commentary|

Friday, September 28, 2018

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

September 27th, 2018|Daily Commentary|

Thursday, September 27, 2018

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

September 26th, 2018|Daily Commentary|

Wednesday, September 26, 2018

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

September 25th, 2018|Daily Commentary|

Tuesday, September 25, 2018

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

September 24th, 2018|Daily Commentary|

Monday, September 24, 2018

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

September 23rd, 2018|Daily Commentary|

Sunday, September 23, 2018

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

September 23rd, 2018|Daily Commentary|

Friday, September 21, 2018

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

September 20th, 2018|Daily Commentary|

Thursday, September 20, 2018

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

September 19th, 2018|Daily Commentary|

Wednesday, September 19, 2018

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

September 18th, 2018|Daily Commentary|

Tuesday, September 18, 2018

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

September 17th, 2018|Daily Commentary|

Monday, September 17, 2018

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

September 17th, 2018|Daily Commentary|

Sunday, September 16, 2018

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

September 16th, 2018|Daily Commentary|

Saturday, September 15, 2018

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

September 16th, 2018|Daily Commentary|

Friday, September 14, 2018

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

September 13th, 2018|Daily Commentary|

Thursday, September 13, 2018

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

September 12th, 2018|Daily Commentary|

Wednesday, September 12, 2018

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

September 11th, 2018|Daily Commentary|

Tuesday, September 11, 2018

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

September 10th, 2018|Daily Commentary|

Monday, September 10, 2018

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

September 9th, 2018|Daily Commentary|

Sunday, September 9, 2018

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

September 9th, 2018|Daily Commentary|

Saturday, September 8, 2018

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

September 8th, 2018|Daily Commentary|

Friday, September 7, 2018

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

September 6th, 2018|Daily Commentary|

Thursday, September 6, 2018

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

September 5th, 2018|Daily Commentary|

Wednesday, September 5, 2018

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

September 4th, 2018|Daily Commentary|

Tuesday, September 4, 2018

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

September 3rd, 2018|Daily Commentary|

Monday, September 3, 2018

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

September 3rd, 2018|Daily Commentary|

Monday, September 3, 2018

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

September 2nd, 2018|Daily Commentary|

Sunday, September 2, 2018

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

September 2nd, 2018|Daily Commentary|

Saturday, September 1, 2018

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

September 1st, 2018|Daily Commentary|

August 31, 2018: Unassailable

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

August 31st, 2018|Weekly Commentary|

Friday, August 31, 2018

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

August 30th, 2018|Daily Commentary|

Thursday, August 30, 2018

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

August 29th, 2018|Daily Commentary|

Wednesday, August 29, 2018

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

August 28th, 2018|Daily Commentary|

Tuesday, August 28, 2018

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

August 27th, 2018|Daily Commentary|

Monday, August 27, 2018

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

August 26th, 2018|Daily Commentary|

Sunday, August 26, 2018

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

August 26th, 2018|Daily Commentary|

Saturday, August 25, 2018

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

August 25th, 2018|Daily Commentary|

Bond Market Throws a “Curve”

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

August 24th, 2018|Weekly Recap|

Friday, August 24, 2018

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

August 23rd, 2018|Daily Commentary|

Thursday, August 23, 2018

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

August 22nd, 2018|Daily Commentary|

Wednesday, August 22, 2018

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

August 21st, 2018|Daily Commentary|

Tuesday, August 21, 2018

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

August 20th, 2018|Daily Commentary|

Monday, August 20, 2018

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

August 19th, 2018|Daily Commentary|

Sunday, August 19, 2018

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

August 19th, 2018|Daily Commentary|

Saturday, August 18, 2018

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

August 18th, 2018|Daily Commentary|

August 17, 2018: Instability

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

August 17th, 2018|Weekly Commentary|

Friday, August 17, 2018

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

August 16th, 2018|Daily Commentary|

Thursday, August 16, 2018

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

August 15th, 2018|Daily Commentary|

Wednesday, August 15, 2018

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

August 14th, 2018|Daily Commentary|

Tuesday, August 14, 2018

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

August 13th, 2018|Daily Commentary|

Monday, August 13, 2018

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

August 12th, 2018|Daily Commentary|

Sunday, August 12, 2018

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

August 12th, 2018|Daily Commentary|

Saturday, August 11, 2018

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

August 11th, 2018|Daily Commentary|

Turkey Stir-Fry – August 10, 2018

Here’s the news of the week – and how we see it here at McAlvany Wealth Management: Turkey Stir-Fry Trump’s economic sanctions against Turkey and exchange of verbal salvos with China regarding trade limited [...]

August 10th, 2018|Weekly Recap|

Friday, August 10, 2018

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

August 9th, 2018|Daily Commentary|

Thursday, August 9, 2018

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

August 8th, 2018|Daily Commentary|

Wednesday, August 8, 2018

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

August 7th, 2018|Daily Commentary|

Tuesday, August 7, 2018

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

August 6th, 2018|Daily Commentary|

Monday, August 6, 2018

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

August 5th, 2018|Daily Commentary|

Saturday, August 4, 2018

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

August 4th, 2018|Daily Commentary|

Friday, August 3, 2018

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

August 2nd, 2018|Daily Commentary|

Thursday, August 2, 2018

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

August 1st, 2018|Daily Commentary|

Wednesday, August 1, 2018

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

July 31st, 2018|Daily Commentary|

Tuesday, July 31, 2018

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

July 30th, 2018|Daily Commentary|

Monday, July 30, 2018

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

July 29th, 2018|Daily Commentary|

Sunday, July 29, 2018

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

July 29th, 2018|Daily Commentary|

Saturday, July 28, 2018

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

July 28th, 2018|Daily Commentary|

Friday, July 27, 2018

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

July 26th, 2018|Daily Commentary|

Thursday, July 26, 2018

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

July 25th, 2018|Daily Commentary|

Wednesday, July 25, 2018

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

July 24th, 2018|Daily Commentary|

Tuesday, July 24, 2018

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

July 23rd, 2018|Daily Commentary|

Monday, July 23, 2018

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

July 22nd, 2018|Daily Commentary|

Sunday, July 22, 2018

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

July 22nd, 2018|Daily Commentary|

Saturday, July 21, 2018

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

July 21st, 2018|Daily Commentary|

Friday, July 20, 2018

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

July 19th, 2018|Daily Commentary|

Thursday, July 19, 2018

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

July 18th, 2018|Daily Commentary|

Wednesday, July 18, 2018

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

July 17th, 2018|Daily Commentary|

Tuesday, July 17, 2018

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

July 16th, 2018|Daily Commentary|

Monday, July 16, 2018

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

July 15th, 2018|Daily Commentary|

Saturday, July 14, 2018

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

July 14th, 2018|Daily Commentary|

Friday, July 13, 2018

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

July 12th, 2018|Daily Commentary|

Thursday, July 12, 2018

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

July 11th, 2018|Daily Commentary|

Wednesday, July 11, 2018

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

July 10th, 2018|Daily Commentary|

Tuesday, July 10, 2018

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

July 9th, 2018|Daily Commentary|

Monday, July 9, 2018

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

July 8th, 2018|Daily Commentary|

Sunday, July 8, 2018

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

July 8th, 2018|Daily Commentary|

Saturday, July 7, 2018

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

July 7th, 2018|Daily Commentary|

Friday, July 6, 2018

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

July 5th, 2018|Daily Commentary|

Thursday, July 5, 2018

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

July 4th, 2018|Daily Commentary|

Wednesday, July 4, 2018

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

July 3rd, 2018|Daily Commentary|

Tuesday, July 3, 2018

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

July 2nd, 2018|Daily Commentary|

Monday, July 2, 2018

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

July 1st, 2018|Daily Commentary|

Sunday, July 1, 2018

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

June 30th, 2018|Daily Commentary|

Saturday, June 30, 2018

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

June 30th, 2018|Daily Commentary|

Friday, June 29, 2018

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

June 28th, 2018|Daily Commentary|

Thursday, June 28, 2018

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

June 27th, 2018|Daily Commentary|

Wednesday, June 27, 2018

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

June 26th, 2018|Daily Commentary|

Tuesday, June 26, 2018

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

June 25th, 2018|Daily Commentary|

Monday, June 25, 2018

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

June 24th, 2018|Daily Commentary|

Sunday, June 24, 2018

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

June 24th, 2018|Daily Commentary|

Saturday, June 23, 2018

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

June 23rd, 2018|Daily Commentary|

June 22, 2018: Performance Chase

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

June 23rd, 2018|Weekly Commentary|

Friday, June 22, 2018

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

June 21st, 2018|Daily Commentary|

Thursday, June 21, 2018

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

June 20th, 2018|Daily Commentary|

Wednesday, June 20, 2018

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

June 19th, 2018|Daily Commentary|

Tuesday, June 19, 2018

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

June 18th, 2018|Daily Commentary|

Monday, June 18, 2018

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

June 17th, 2018|Daily Commentary|

Sunday, June 17, 2018

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

June 17th, 2018|Daily Commentary|

Saturday, June 16, 2018

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

June 16th, 2018|Daily Commentary|

Friday, June 15, 2018

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

June 16th, 2018|Daily Commentary|

Thursday, June 14, 2018

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

June 13th, 2018|Daily Commentary|

Wednesday, June 13, 2018

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

June 12th, 2018|Daily Commentary|

Tuesday, June 12, 2018

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

June 11th, 2018|Daily Commentary|

Monday, June 11, 2018

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

June 10th, 2018|Daily Commentary|

Sunday, June 10, 2018

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

June 10th, 2018|Daily Commentary|

Saturday, June 9, 2018

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

June 9th, 2018|Daily Commentary|

Friday, June 8, 2018

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

June 7th, 2018|Daily Commentary|

Thursday, June 7, 2018

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

June 6th, 2018|Daily Commentary|

Wednesday, June 6, 2018

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

June 5th, 2018|Daily Commentary|

Tuesday, June 5, 2018

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

June 4th, 2018|Daily Commentary|

Monday, June 4, 2018

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

June 3rd, 2018|Daily Commentary|

Sunday, June 3, 2018

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

June 3rd, 2018|Daily Commentary|

Saturday, June 2, 2018

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

June 3rd, 2018|Daily Commentary|

June 1, 2018: Italian Drama

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

June 2nd, 2018|Weekly Commentary|

Extend and Pretend – June 1, 2018

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

June 1st, 2018|Weekly Recap|

Friday, June 1, 2018

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

May 31st, 2018|Daily Commentary|

Thursday, May 31, 2018

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

May 30th, 2018|Daily Commentary|

Wednesday, May 30, 2018

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

May 29th, 2018|Daily Commentary|

Tuesday, May 29, 2018

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

May 28th, 2018|Daily Commentary|

Monday, May 28, 2018

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

May 27th, 2018|Daily Commentary|

Sunday, May 27, 2018

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

May 27th, 2018|Daily Commentary|

Saturday, May 26, 2018

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

May 26th, 2018|Daily Commentary|

Friday, May 25, 2018

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

May 24th, 2018|Daily Commentary|

Thursday, May 24, 2018

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

May 23rd, 2018|Daily Commentary|

Wednesday, May 23, 2018

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

May 22nd, 2018|Daily Commentary|

Tuesday, May 22, 2018

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

May 21st, 2018|Daily Commentary|

Monday, May 21, 2018

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

May 20th, 2018|Daily Commentary|

Sunday, May 20, 2018

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

May 20th, 2018|Daily Commentary|

Saturday, May 19, 2018

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

May 19th, 2018|Daily Commentary|

May 18, 2018: Crisis Watch

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

May 19th, 2018|Weekly Commentary|

Friday, May 18, 2018

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

May 17th, 2018|Daily Commentary|

Thursday, May 17, 2018

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

May 16th, 2018|Daily Commentary|

Wednesday, May 16, 2018

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

May 15th, 2018|Daily Commentary|

Tuesday, May 15, 2018

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

May 14th, 2018|Daily Commentary|

Monday, May 14, 2018

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

May 13th, 2018|Daily Commentary|

Sunday, May 13, 2018

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

May 13th, 2018|Daily Commentary|

Saturday, May 12, 2018

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

May 12th, 2018|Daily Commentary|

Friday, May 11, 2018

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

May 10th, 2018|Daily Commentary|

Thursday, May 10, 2018

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

May 9th, 2018|Daily Commentary|

Wednesday, May 9, 2018

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

May 8th, 2018|Daily Commentary|

Tuesday, May 8, 2018

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

May 7th, 2018|Daily Commentary|

Monday, May 7, 2018

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

May 6th, 2018|Daily Commentary|

Sunday, May 6, 2018

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

May 6th, 2018|Daily Commentary|

Saturday, May 5, 2018

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

May 5th, 2018|Daily Commentary|

May 4, 2018: Old Roach Motel

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

May 5th, 2018|Weekly Commentary|

Friday, May 4, 2018

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

May 3rd, 2018|Daily Commentary|

Thursday, May 3, 2018

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

May 2nd, 2018|Daily Commentary|

Wednesday, May 2, 2018

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

May 1st, 2018|Daily Commentary|

Tuesday, May 1, 2018

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

April 30th, 2018|Daily Commentary|

Monday, April 30, 2018

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

April 29th, 2018|Daily Commentary|

Sunday, April 29, 2018

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

April 29th, 2018|Daily Commentary|

Saturday, April 28, 2018

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

April 28th, 2018|Daily Commentary|

Friday, April 27, 2018

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

April 26th, 2018|Daily Commentary|

Thursday, April 26, 2018

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

April 25th, 2018|Daily Commentary|

Wednesday, April 25, 2018

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

April 24th, 2018|Daily Commentary|

Tuesday, April 24, 2018

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

April 23rd, 2018|Daily Commentary|

Monday, April 23, 2018

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

April 22nd, 2018|Daily Commentary|

Sunday, April 22, 2018

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

April 22nd, 2018|Daily Commentary|

Saturday, April 21, 2018

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

April 21st, 2018|Daily Commentary|

April 20, 2018: Recalling 1994

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

April 20th, 2018|Weekly Commentary|

Friday, April 20, 2018

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

April 19th, 2018|Daily Commentary|

Thursday, April 19, 2018

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

April 18th, 2018|Daily Commentary|

Wednesday, April 18, 2018

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

April 17th, 2018|Daily Commentary|

Tuesday, April 17, 2018

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

April 16th, 2018|Daily Commentary|

Monday, April 16, 2018

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

April 15th, 2018|Daily Commentary|

Sunday, April 15, 2018

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

April 15th, 2018|Daily Commentary|

Saturday, April 14, 2018

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

April 14th, 2018|Daily Commentary|

Friday, April 13, 2018

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

April 12th, 2018|Daily Commentary|

Thursday, April 12, 2018

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

April 11th, 2018|Daily Commentary|

Wednesday, April 11, 2018

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

April 10th, 2018|Daily Commentary|

Tuesday, April 10, 2018

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

April 9th, 2018|Daily Commentary|

Monday, April 9, 2018

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

April 8th, 2018|Daily Commentary|

Sunday, April 8, 2018

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

April 7th, 2018|Daily Commentary|

Saturday, April 7, 2018

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

April 7th, 2018|Daily Commentary|

April 6, 2018: Market Realities

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

April 6th, 2018|Weekly Commentary|

Friday, April 6, 2018

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

April 5th, 2018|Daily Commentary|

Thursday, April 5, 2018

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

April 4th, 2018|Daily Commentary|

Wednesday, April 4, 2018

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

April 3rd, 2018|Daily Commentary|

Tuesday, April 3, 2018

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

April 2nd, 2018|Daily Commentary|

Monday, April 2, 2018

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

April 1st, 2018|Daily Commentary|

Sunday, April 1, 2018

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

April 1st, 2018|Daily Commentary|

Saturday, March 31, 2018

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

March 31st, 2018|Daily Commentary|

Friday, March 30, 2018

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

March 29th, 2018|Daily Commentary|

Thursday, March 29, 2018

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

March 28th, 2018|Daily Commentary|

Wednesday, March 28, 2018

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

March 27th, 2018|Daily Commentary|

Tuesday, March 27, 2018

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

March 26th, 2018|Daily Commentary|

Monday, March 26, 2018

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

March 25th, 2018|Daily Commentary|

Sunday, March 25, 2018

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

March 25th, 2018|Daily Commentary|

Saturday, March 24, 2018

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

March 24th, 2018|Daily Commentary|

Friday, March 23, 2018

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

March 22nd, 2018|Daily Commentary|

Thursday, March 22, 2018

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

March 21st, 2018|Daily Commentary|

Wednesday, March 21, 2018

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

March 20th, 2018|Daily Commentary|

Tuesday, March 20, 2018

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

March 19th, 2018|Daily Commentary|

Monday, March 19, 2018

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

March 18th, 2018|Daily Commentary|

Sunday, March 18, 2018

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

March 18th, 2018|Daily Commentary|

Saturday, March 17, 2018

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

March 17th, 2018|Daily Commentary|

Friday, March 16, 2018

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

March 15th, 2018|Daily Commentary|

Thursday, March 15, 2018

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

March 14th, 2018|Daily Commentary|

Wednesday, March 14, 2018

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

March 13th, 2018|Daily Commentary|

Tuesday, March 13, 2018

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

March 12th, 2018|Daily Commentary|

Monday, March 12, 2018

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

March 11th, 2018|Daily Commentary|

Sunday, March 11, 2018

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

March 11th, 2018|Daily Commentary|

Saturday, March 10, 2018

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

March 10th, 2018|Daily Commentary|

Friday, March 9, 2018

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

March 8th, 2018|Daily Commentary|

Thursday, March 8, 2018

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

March 7th, 2018|Daily Commentary|

Wednesday, March 7, 2018

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

March 6th, 2018|Daily Commentary|

Tuesday, March 6, 2018

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

March 5th, 2018|Daily Commentary|

Monday, March 5, 2018

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

March 4th, 2018|Daily Commentary|

Sunday, March 4, 2018

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

March 4th, 2018|Daily Commentary|

Saturday, March 3, 2018

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

March 4th, 2018|Daily Commentary|

March 2, 2018: Cracks

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

March 2nd, 2018|Weekly Commentary|

Friday, March 2, 2018

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

March 1st, 2018|Daily Commentary|

Thursday, March 1, 2018

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

February 28th, 2018|Daily Commentary|

Wednesday, February 28, 2018

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

February 27th, 2018|Daily Commentary|

Tuesday, February 27, 2018

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

February 26th, 2018|Daily Commentary|

Monday, February 26, 2018

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

February 25th, 2018|Daily Commentary|

Sunday, February 25, 2018

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

February 25th, 2018|Daily Commentary|

Saturday, February 24, 2018

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

February 24th, 2018|Daily Commentary|

Friday, February 23, 2018

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

February 22nd, 2018|Daily Commentary|

Thursday, February 22, 2018

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

February 21st, 2018|Daily Commentary|

Wednesday, February 21, 2018

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

February 20th, 2018|Daily Commentary|

Tuesday, February 20, 2018

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

February 19th, 2018|Daily Commentary|

Monday, February 19, 2018

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

February 18th, 2018|Daily Commentary|

Sunday, February 18, 2018

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

February 18th, 2018|Daily Commentary|

Saturday, February 17, 2018

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

February 18th, 2018|Daily Commentary|

Friday, February 16, 2018

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

February 15th, 2018|Daily Commentary|

Thursday, February 15, 2018

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

February 14th, 2018|Daily Commentary|

Wednesday, February 14, 2018

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

February 13th, 2018|Daily Commentary|

Tuesday, February 13, 2018

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

February 12th, 2018|Daily Commentary|

Monday, February 12, 2018

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

February 11th, 2018|Daily Commentary|

Sunday, February 11, 2018

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

February 11th, 2018|Daily Commentary|

Saturday, February 10, 2018

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

February 10th, 2018|Daily Commentary|

Friday, February 9, 2018

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

February 8th, 2018|Daily Commentary|

Thursday, February 8, 2018

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

February 7th, 2018|Daily Commentary|

Wednesday, February 7, 2018

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

February 6th, 2018|Daily Commentary|

Tuesday, February 6, 2018

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

February 5th, 2018|Daily Commentary|

Monday, February 5, 2018

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

February 4th, 2018|Daily Commentary|

Sunday, February 4, 2018

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

February 4th, 2018|Daily Commentary|

Saturday, February 3, 2108

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

February 3rd, 2018|Daily Commentary|

Friday, February 2, 2018

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

February 1st, 2018|Daily Commentary|

Thursday, February 1, 2018

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

January 31st, 2018|Daily Commentary|

Wednesday, January 31, 2018

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

January 30th, 2018|Daily Commentary|

Tuesday, January 30, 2018

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

January 29th, 2018|Daily Commentary|

Monday, January 29, 2018

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

January 28th, 2018|Daily Commentary|

Sunday, January 28, 2018

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

January 28th, 2018|Daily Commentary|

Saturday, January 27, 2018

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

January 27th, 2018|Daily Commentary|

Friday, January 26, 2018

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

January 25th, 2018|Daily Commentary|

Thursday, January 25, 2018

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

January 24th, 2018|Daily Commentary|

Wednesday, January 24, 2018

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

January 23rd, 2018|Daily Commentary|

Tuesday, January 23, 2018

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

January 22nd, 2018|Daily Commentary|

Monday, January 22, 2018

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

January 21st, 2018|Daily Commentary|

Sunday, January 21, 2018

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

January 21st, 2018|Daily Commentary|

Saturday, January 20, 2018

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

January 20th, 2018|Daily Commentary|

Friday, January 19, 2018

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

January 18th, 2018|Daily Commentary|

Thursday, January 18, 2018

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

January 17th, 2018|Daily Commentary|

Wednesday, January 17, 2018

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

January 16th, 2018|Daily Commentary|

Tuesday, January 16, 2018

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

January 15th, 2018|Daily Commentary|

Monday, January 15, 2018

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

January 14th, 2018|Daily Commentary|

Sunday, January 14, 2018

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

January 14th, 2018|Daily Commentary|

Friday, January 12, 2018

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

January 11th, 2018|Daily Commentary|

Thursday, January 11, 2018

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

January 10th, 2018|Daily Commentary|

Wednesday, January 10, 2018

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

January 9th, 2018|Daily Commentary|

Tuesday, January 9, 2018

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

January 8th, 2018|Daily Commentary|

Monday, January 8, 2018

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

January 7th, 2018|Daily Commentary|

Sunday, January 7, 2018

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

January 7th, 2018|Daily Commentary|

Saturday, January 6, 2018

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

January 6th, 2018|Daily Commentary|

Friday, January 5, 2018

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

January 4th, 2018|Daily Commentary|

Thursday, January 4, 2018

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

January 3rd, 2018|Daily Commentary|

Wednesday, January 3, 2018

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

January 2nd, 2018|Daily Commentary|

Tuesday, January 2, 2018

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

January 1st, 2018|Daily Commentary|

Monday, January 1, 2018

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

January 1st, 2018|Daily Commentary|

Sunday, December 31, 2017

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

December 30th, 2017|Daily Commentary|

Saturday, December 30, 2017

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

December 30th, 2017|Daily Commentary|

Friday, December 29, 2017

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

December 28th, 2017|Daily Commentary|

Thursday, December 28, 2017

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

December 27th, 2017|Daily Commentary|

Wednesday, December 27, 2017

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

December 26th, 2017|Daily Commentary|

Tuesday, December 26, 2017

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

December 25th, 2017|Daily Commentary|

Monday, December 25, 2017

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

December 25th, 2017|Daily Commentary|

Sunday, December 24, 2017

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

December 24th, 2017|Daily Commentary|

Saturday, December 23, 2017

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

December 23rd, 2017|Daily Commentary|

Friday, December 22, 2017

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

December 21st, 2017|Daily Commentary|

Thursday, December 21, 2017

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

December 20th, 2017|Daily Commentary|

Wednesday, December 20, 2017

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

December 19th, 2017|Daily Commentary|

Tuesday, December 19, 2017

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

December 18th, 2017|Daily Commentary|

Monday, December 18, 2017

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

December 17th, 2017|Daily Commentary|

Sunday, December 17, 2017

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

December 17th, 2017|Daily Commentary|

Saturday, December 16, 2017

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

December 16th, 2017|Daily Commentary|

Friday, December 15, 2017

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

December 14th, 2017|Daily Commentary|

Thursday, December 14, 2017

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

December 13th, 2017|Daily Commentary|

Wednesday, December 13, 2017

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

December 12th, 2017|Daily Commentary|

Tuesday, December 12, 2017

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

December 11th, 2017|Daily Commentary|

Monday, December 11, 2017

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

December 10th, 2017|Daily Commentary|

Saturday, December 9, 2017

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

December 9th, 2017|Daily Commentary|

Friday, December 8, 2017

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

December 7th, 2017|Daily Commentary|

Thursday, December 7, 2017

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

December 6th, 2017|Daily Commentary|

Wednesday, December 6, 2017

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

December 5th, 2017|Daily Commentary|

Tuesday, December 5, 2017

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

December 4th, 2017|Daily Commentary|

Monday, December 4, 2017

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

December 3rd, 2017|Daily Commentary|

Sunday, December 3, 2017

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

December 3rd, 2017|Daily Commentary|

Saturday, December 2, 2017

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

December 2nd, 2017|Daily Commentary|

Friday, December 1, 2017

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

November 30th, 2017|Daily Commentary|

Thursday, November 30, 2017

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

November 29th, 2017|Daily Commentary|

Wednesday, November 29, 2017

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

November 28th, 2017|Daily Commentary|

Tuesday, November 28, 2017

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

November 27th, 2017|Daily Commentary|

Monday, November 27, 2017

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