President Trump,”US Will Hike Tariffs on China Without Trade Deal”

President Trump,”US Will Hike Tariffs on China Without Trade Deal”

The United States will raise tariffs on Chinese imports if no deal is reached with Beijing to end a trade dispute, President Trump said Tuesday, threatening an escalation of the action that has damaged economic growth of the world’s 2nd largest economy severely. Speaking at a cabinet meeting at the White House, President Trump said […]

President Trump Will Continue to Defend the US Economy (Video)

President Trump Will Continue to Defend the US Economy (Video)

$DIA, $SPY, $QQQ, $RUTX, $VXX The S&P 500 (+0.1%), DJIA (+0.1%), and NAS Comp (+0.1%) eked out incremental gains to close at record highs Monday. The Russell 2000 (-0.3%) closed in negative territory.  Before President Trump, China has intended to take over the world. White House economic adviser Larry Kudlow proclaimed that President Trump will […]

President Trump Talks Economy and Trade, Market Responds Positively

President Trump Talks Economy and Trade, Market Responds Positively

$DIA, $SPY, $QQQ, $RTUX, $VXX The benchmark S&P 500 stock index posted a slim gainer Tuesday as President Trump said the United States is close to signing an initial trade deal with China and lauded the economy. The S&P 500 and NAS marked all-time highs during trading but stocks ended off session highs with investors […]

“Low interest rates and budget deficit spending will be a boon for the market”

“Low interest rates and budget deficit spending will be a boon for the market”

$DIA, $SPY, $QQQ, $RUTX, $VXX “Efforts to stimulate global economies are boosting equities in a way I have never seen before.”– Paul Tudor Jones Mr. Jones also said Tuesday that next year’s Presidential election “will be more meaningful than any in my lifetime.” Governments and central bankers from Japan to the US are taking steps […]

Signs of Global Economic Stabilization Flashing

Signs of Global Economic Stabilization Flashing

The worst may be over for the world economy’s slowdown. A wave of interest-rate cuts by central banks including the Fed and mounting expectations of a US-China trade deal are buoying confidence in financial markets just as Key economic indicators show signs of stabilization after recent declines. While a robust rebound may not be here […]

No US Recession Ahead

No US Recession Ahead

$GS The chances that the US economy skids into a recession are “not significant” near term as American households extend the expansion and trade tensions appear to be easing, the CEO of Goldman Sachs Group Inc (NYSE:GS) said in an interview. “I’ve said that I still think the chance of a U.S. recession between now […]

Paul Ebeling’s China Business Commentary

Paul Ebeling’s China Business Commentary

Expect China to push for lasting business environment improvement nation and worldwide on the coming resolution of the US trade dispute. More efforts should be made to promote a continuous improvement in China’s business environment nationwide, an official said Monday. Improving the business environment is an important guarantee for further opening up to the outside […]

Wall St. First Half Profits Jumped, Best Start in a Decade, Uncertainties Obscure Second Half

Wall St. First Half Profits Jumped, Best Start in a Decade, Uncertainties Obscure Second Half

Pretax profits in the securities industry reached $15.1 billion in the first six months of 2019, an 11 percent increase over the same period last year, and the best start in a decade, but a slowdown in the global economy and other factors pose threats to second half profits, according to State Comptroller Thomas P. […]

Impeachment is All About Stopping ‘The Trump Economy’

Impeachment is All About Stopping ‘The Trump Economy’

The Pelosi/Schiff House led impeachment investigation Vs President Donald Trump is all about the collapsing the economy. “This economy is the best economy in 30 years,” Christopher Ruddy said in a TV interview Thursday, referencing the insights of Yale economist Robert Shiller. “He is not known for being a Republican,” Mr. Ruddy said. “An incredible […]

Russia’s Huge Gold Hoard Protects Its Economy

Russia’s Huge Gold Hoard Protects Its Economy

$XAU, $OIL, $USD A Russia official reportedly has declared that Moscow can thrive despite falling Crude Oil prices because of its massive gold holdings and the government’s efforts to reduce reliance on energy resources, Russian Finance Minister Anton Siluanov said that while Moscow is satisfied with the current price of Crude Oil, possible market turmoil will […]

US Q-3 Earnings, Here They Come

US Q-3 Earnings, Here They Come

$SPY, $SPX, $SPLRCT, $USD, $EUR, US companies are preparing to report Q-3 earnings following a few months grappling with a US-China trade conflict undermining the business environment and an overall economy that has been showing signs of slowing. Among S&P 500 (SPX) earnings for the July-September frame look set to mark the weakest performance in […]

Chinese Government Investing to Keep Private Businesses Alive

Chinese Government Investing to Keep Private Businesses Alive

The Chinese government is buying stakes in private companies to keep them afloat amid economic troubles in the country, the WS-J reports. The government has taken steps in the past few decades to move from state-owned businesses to private enterprises, since their public-sector companies tended to lag behind private firms in terms of efficiency and innovation. […]

China Facing “Real” Problems, Trade Uncertainty Abound

China Facing “Real” Problems, Trade Uncertainty Abound

Thursday, US Commerce Secretary Wilbur Ross said that trade uncertainty issues are giving China “real” structural problems, as the nation’s supply chains are starting to “hollow out.” “China is no longer really the cheapest place in the world to manufacture,” Secretary Ross said in a TV interview, adding the US does not know what China wants […]

President Trump Hammers Fed’s Powell, “No Guts, No Sense, No Vision!”

President Trump Hammers Fed’s Powell, “No Guts, No Sense, No Vision!”

$DIA, $QQQ, $SPY, RUTX, $VXX President Trump Tweeted: “Fed, Powell ‘Fail Again’”After FOMC Rate Cut The Fed cut interest rates for the 2nd time since July, and it was not enough for President Trump. President Trump assailed policy makers just mins after their decision Wednesday to cut the benchmark interest rate by 25 bts. “Jay […]

Hapless House Dems Focused on”Imaginary Impeachments”

Hapless House Dems Focused on”Imaginary Impeachments”

US House Judiciary Chairman Jerry Nadler and other House Democrats are pushing for “imaginary impeachment” proceedings against President Trump that “nobody in America” wants, House Minority Leader Kevin McCarthy declared Tuesday. “There are no facts for it,” the California Republican said in a TV interview. “Here is Nadler who campaigned to become chairman on the […]

The Market is Asking, “How low can the Fed go”?

The Market is Asking, “How low can the Fed go”?

$DIA, $SPY, $QQQ, $RUTX, $VXX With US-China trade tensions having roiled financial markets, investors are counting on support for stocks coming from a Fed willing to keep cutting interest rates to help the US economy avoid a severe downturn. A 1/4th pt rate reduction is expected when the FOMC issues its next policy statement this […]

American Voters See President Trump Has Taken Charge of the Economy, Having Effectively Sidelined the Fed

American Voters See President Trump Has Taken Charge of the Economy, Having Effectively Sidelined the Fed

Attention: Now what really matters is just what the President does and is going to do. President Trump blames the Fed for a slowing US economy, some blame it on him. A survey conducted with YouGov showed 28% of American adults believe the President in general is most responsible for the economy. That surpasses the […]

Russia and China Buying Gold, Driving the Rally

Russia and China Buying Gold, Driving the Rally

$XAU, $GLD $USD Russia and China are stockpiling gold, helping to drive the precious Yellow metal to its highest marks in more than 6 years. The People’s Bank of China has added about 100 tonnes of gold to its reserves since December. Russia has bought 106 tonnes bullion so far this year. “They can read the […]

China Must Stimulate as its Economy Sharply Weakens

China Must Stimulate as its Economy Sharply Weakens

China’s exports unexpectedly fell in August as shipments to the United States slowed sharply, pointing to further weakness in the world’s 2nd-largest economy and underlining a pressing need for more stimulus as US-China trade tension escalates. Beijing is widely expected to announce more support measures in coming weeks to avert the risk of a sharper […]

Gold’s Price, a Fundamental Forecast

Gold’s Price, a Fundamental Forecast

$XAU, $GLD, $USD, $XAUUSD Friday, Gold saw choppy trade. The price action suggests that traders have fully priced-in the latest round of global central bank rate cuts and are now waiting to see if those cuts are having an impact on the global economy. The price action also indicates that gold may be fairly priced […]

The US Labor Market is Booming, Economic Expansion Longest on Record

The US Labor Market is Booming, Economic Expansion Longest on Record

This tight US labor market is manifesting a booming demand in industries with an abundance of female workers is drawing more women back into the workforce, helping to shrink the longstanding gap in the labor participation rate between men and women to the narrowest on record a report showed Friday. Other parts of a report […]

Fed Chairman Powell Does Not See Recession: Mission “Sustain Expansion”

Fed Chairman Powell Does Not See Recession: Mission “Sustain Expansion”

$DIA, $SPY, $QQQ, $RUTX, $VXX The stock market finished mixed Friday; the S&P 500 (+0.1%) and DJIA (+0.3%) closed just above unchanged, while the NAS Comp (-0.2%) and Russell 2000 (-0.4%) closed slightly lower. On Friday, Fed Chairman Jerome Powell said the most likely outlook for the US and world economy is continued moderate growth, […]

Wall Street Bulls Are Back in Rally Mode

Wall Street Bulls Are Back in Rally Mode

$DIA, $SPY, $QQQ, $RUTX, $VXX Thursday, US stocks spiked on expectations of a de-escalation in trade tensions after Washington and Beijing agreed to hold high-level talks in early October, while at the same time strong US economic data eased fears of a domestic slowdown. The ADP National Employment Report, considered a precursor to the Labor […]

‘Afrophobia’ Riots Upstage World Economic Forum in South Africa

‘Afrophobia’ Riots Upstage World Economic Forum in South Africa

South Africa promised Thursday to tackle the prejudice fuelling a wave of deadly riots and xenophobic attacks, as international anger over the violence overshadowed a pan-African economic conference in Cape Town. President Cyril Ramaphosa said at least 10 people had been killed during the past week,2 were foreigners. “Our country has been deeply traumatised …by […]

US Services Sector Says Economy Weathering Trade Dispute

US Services Sector Says Economy Weathering Trade Dispute

US services sector activity accelerated in August and private employers boosted hiring, suggesting the economy continued to grow at a moderate pace despite trade tensions which have stoked financial market fears of a recession. The upbeat reports Thursday took some of the sting from data this week that showed the manufacturing sector contracted for the […]

Wall Street Finished Mixed with a Bullish Bias Ahead of this Long Weekend

Wall Street Finished Mixed with a Bullish Bias Ahead of this Long Weekend

$DIA, #SPY,, $QQQ, $RUTX, $VXX Wall Street posted mixed results on Friday on month end re-balancing ahead of a holiday weekend in which a fresh round of US tariffs on Chinese imports were set for levy. The DJIA .DJI rose 37.4 pts, or 0.14%, to 26,399.65, the S&P 500 .SPX gained 1.45 pts, or 0.05%, to 2,926.03 and the […]

President Trump, “We Have a Fed Problem”

President Trump, “We Have a Fed Problem”

Again Friday, President Trump hammered the Fed in 3 Tweets; declaring in 1 that the US economy does not “have a tariff problem, we have a Fed problem.” “The Euro is dropping against the dollar ‘like crazy,’ giving them a big export and manufacturing advantage … and the Fed does NOTHING!” President Trump said in 1 […]

Macron Unites Wealthy Countries and Their Leaders To Save Economies and The Amazon

Macron Unites Wealthy Countries and Their Leaders To Save Economies and The Amazon

Squabbles erupted among G7 nations Saturday as their leaders gathered for an annual summit, exposing sharp differences on global trade tensions, Britain’s exit from the EU and how to respond to the fires raging in the Amazon rainforest. French President Emmanuel Macron, the summit host, planned the three-day meeting in the Atlantic seaside resort of […]

Asia Remains On The Rise Despite The Trade War

Asia Remains On The Rise Despite The Trade War

Major Asia Pacific markets rose by the close on Friday, as investors looked ahead to an important speech from U.S. Federal Reserve Chairman Jerome Powell later in the day. In Tokyo, the Nikkei 225 index gained 82.9 points, or 0.4%, to end the week at 20,710.91 Elsewhere, the Japanese yen traded at 106.64 versus the […]

U.S. Unemployment Benefit Requests Have Dropped To Lowest Level Since ’69

U.S. Unemployment Benefit Requests Have Dropped To Lowest Level Since ’69

U.S. unemployment benefit claims drop to lowest level since ’69. The number of Americans filing for unemployment benefits dropped to the lowest level in nearly half a century. The number of Americans filing applications for unemployment benefits decreased sharply last week, suggesting the labour situation south of the border market was holding firm despite a […]

Gold Marks 6-Year Highs on Renewed Safe-haven Demand

Gold Marks 6-Year Highs on Renewed Safe-haven Demand

$XAU $GLD $USD Friday, gold marked fresh 6-year high after the US-China dispute intensified and Fed Chairman Powell said the US economy faces “significant risks” from slowing global growth. Gold climbed after China announced it will impose additional tariffs in retaliation for President Trump’s latest planned tariffs. President Trump then said he would respond to […]

Added China Tariffs No Worry for Stock Market

Added China Tariffs No Worry for Stock Market

$SPY China’s announcement that it will impose new tariffs on $75-B worth of US goods is not something that should worry the stock market, but the announcement will boost support for President Trump, White House trade adviser Peter Navarro said Friday.  “I think the risk here for China when it does things like this is simply to […]

US Billion Dollar Foreign Aid Cut Proposal Drawn Back

US Billion Dollar Foreign Aid Cut Proposal Drawn Back

The White House will not move forward with plans to cut billions of dollars in foreign aid, US officials said yesterday, after an outcry from Congress about what was seen as an attempt to sidestep lawmakers’ authority over government spending. President Donald Trump said he was considering scaling back the effort to cut aid on […]

Irish Economy To Be Most Vulnerable In Brexit

Irish Economy To Be Most Vulnerable In Brexit

Some of the Irish businesses most exposed to the risk of Britain crashing out of the European Union in 10 weeks are not very well prepared, Ireland’s government warned yesterday. The Irish economy is considered the most vulnerable among EU members to Brexit, with employment-heavy industries in rural areas among those relying most on doing […]

Merkel Warns a Peaceful Brexit is Crucial

Merkel Warns a Peaceful Brexit is Crucial

German Chancellor Angela Merkel warned Wednesday of the economic impact of a chaotic no-deal Brexit, hours before she was to receive British Prime Minister Boris Johnson on his first foreign visit. ‘The economic sky is not cloudless’, and global tensions and Britain’s impending departure from the European Union ‘are already causing us headaches’, Merkel told […]

President Trump: “Fed Could Fuel ‘Record-Setting’ Economy With Rate Cuts”

President Trump: “Fed Could Fuel ‘Record-Setting’ Economy With Rate Cuts”

$USD Thursday, President Trump said U economic growth could be record-setting if the Fed would lower interest rates further, as econ reports Thursday painted a mixed picture of the nation’s economy. “The Economy is doing really well. The Federal Reserve can easily make it Record Setting,” President Trump said on Tweeted. The government Thursday said initial claims […]

The Pressure is on the Fed to Cut Rates

The Pressure is on the Fed to Cut Rates

Wednesday, President Trump continued his pressure the Fed and its Chairman to lower interest rates, saying its policies were hampering US growth and reducing the country’s ability to compete economically. “Doing great with China and other Trade Deals. The only problem we have is Jay Powell and the Fed. He’s like a golfer who can’t […]

Qatar Construction Increases With Permit Issuance Up 51%

Qatar Construction Increases With Permit Issuance Up 51%

The Planning and Statistics Authority’s recently released data shows 51% general increase in July 2019 in number of building permits issued when compared to June this year.     The Planning and Statistics Authority (PSA) published the fifty-fifth issue of the monthly statistics of Building Permits and Building Completion certificates issued by all municipalities of the […]

Iran’s Trade Increases Significantly

Iran’s Trade Increases Significantly

Iran’s non-oil exports to Turkey have increased remarkably, while the energy trade between two countries also grows, Head of Iran-Turkey Chamber of Commerce Reza Kami told Trend. “The two countries have traded in all energy fields including electricity, oil and gas, that is a major part of bilateral trade volume,” he said. “Iran exports gas, […]

UAE Raise Tax 50% For Unhealthy Lifestyle Choices

UAE Raise Tax 50% For Unhealthy Lifestyle Choices

Sweetened beverages, sugary drinks and electronic smoking devices will be added into a list of excise taxable products by the United Arab Emirates (UAE). Effective January 1st of next year, the move will be cutting the use of harmful products and adjust the behaviors of clients, a cabinet general secretariat statement assured. The UAE is […]

The ‘Inverted Yield Curb’ Explained

The ‘Inverted Yield Curb’ Explained

Traders and investors have been asking what is the “inverted yield curve”, this unusual bond market phenom came on briefly last week for the 1st time in over 12 years and shook Wall Street with talk that an economic downturn was imminent. Following a tweet from President Trump referencing the “CRAZY INVERTED YIELD CURVE!”, the […]

Putin and Marcon To Seek Common Goals

Putin and Marcon To Seek Common Goals

Russian President Vladimir Putin has called on Europe to seek common goals, “which look unachievable today but may become inevitable tomorrow,” Trend reports citing TASS. “As far as the outlook for creating a common Europe from Lisbon to Vladivostok is concerned, it is not our idea. General de Gaulle voiced it a while ago. He […]

Jackson Hole is the Perfect Place for Chairman Powell to Declare a Fed Rate Cut

Jackson Hole is the Perfect Place for Chairman Powell to Declare a Fed Rate Cut

Fed Chairman Powell opens the central bank’s annual Jackson Hole symposium Friday with a speech on the challenges for monetary policy. A deglobalization shock ignited by President Trump’s trade policy; super low interest rates, including $16.7-N in negative-yielding bonds; a never-ending presidential assault on the Fed; and a rising risk of a US and worldwide […]

President Trump Urges Fed Rate Cut of 100 Bpts, the Market is Giving Chairman Powell Little Choice

President Trump Urges Fed Rate Cut of 100 Bpts, the Market is Giving Chairman Powell Little Choice

Monday, President Trump stepped up his assault on the Fed, urging it to cut interest rates by a full percentage point to aid global growth while complaining the “dollar is so strong that it is sadly hurting other parts of the world.” “The Fed Rate, over a fairly short period of time, should be reduced […]

Britain and EU Brexit Agreements

Britain and EU Brexit Agreements

A no-deal Brexit on October 31 could cause food, fuel and medicine shortages. According to government assessments leaked to the press. Despite Prime Minister Boris Johnson ramping up preparations in his first weeks in office. Johnson ordered government departments to “turbo-charge” contingency planning after taking power on July 24. Promising “all necessary funding” beyond the […]

How Sub-Saharan Africa Can Adapt To The Fourth Industrial Revolution

How Sub-Saharan Africa Can Adapt To The Fourth Industrial Revolution

The Fourth Industrial Revolution is reshaping the world of work. While policymakers in the West are struggling to respond, the task facing African governments appears even more daunting. In navigating the challenges and opportunities of the digital age, the continent’s policymakers must be willing to adapt and experiment. Most of today’s developed countries, and those […]

A Turbulent Week For Global Stocks

A Turbulent Week For Global Stocks

Global stock markets rose on Friday as investors put economic growth fears and trade jitters to one side, deciding that they had had enough drama and losses for one week. “We’re ending a turbulent week on a more positive note as exhausted traders the world over head into the weekend in a more buoyant mood,” […]

White House Believes Trade War Won’t Lead US Into Recession

White House Believes Trade War Won’t Lead US Into Recession

White House officials pushed back yesterday against concerns that economic growth may be faltering, saying they saw little risk of recession despite a volatile week on global bond markets, and insisting their trade war with China was doing no damage to the United States. ‘There is no recession in sight, White House economic adviser Larry […]

The New Globalization

The New Globalization

The term globalization encompasses a range of social, political, and economic changes. Some disciplines including anthropology or sociology focus on cultural changes of growing interconnectedness, such as the expansion of brands like Nike and McDonalds, and the networked world through social media. Other disciplines such as economics track the exchange of finances, goods and services […]

Japan’s Trade Surplus With The US Calls For Trade Negotiations

Japan’s Trade Surplus With The US Calls For Trade Negotiations

Japan’s politically sensitive trade surplus with the United States grew more than 15 percent in July, data showed Monday, as negotiators from the two economic powerhouses prepare to restart talks over a free trade deal. According to Japanese finance ministry statistics, the trade surplus with Washington climbed to 579.4 billion yen ($5.5 billion) last month, […]

President Trump, “US economy is doing very well, no recession in sight”

President Trump, “US economy is doing very well, no recession in sight”

Sunday, President Trump said the economy is “doing very well” and dismissed concerns of recession, offering an optimistic outlook after last week’s dip in the financial markets. “I don’t think we’re having a recession,” President Trump told reporters as he returned to Washington from his New Jersey golf club. “We’re doing tremendously well. Our consumers […]

Australian Treasurer Issues Financial Sector’s Reform Timetable

Australian Treasurer Issues Financial Sector’s Reform Timetable

Treasurer Josh Frydenberg has issued a timetable for the government’s dealing with the recommendations from the royal commission into banking, superannuation and financial services, which aims to have all measures needing legislation introduced by the end of next year. The opposition has accused the government of dragging its feet on putting into effect the results […]

Stocks Rallied in Broad-based Advance

Stocks Rallied in Broad-based Advance

$DIA, $SPY, $QQQ, $RUTX, $VXX This week’s trade has been headlined by the yield-curve inversion theory, where the yield of shorter-dated debt rises above its longer-term counterpart. On Wednesday, the yield 10-yr T-Note rate briefly fell below the 2-year T-Note a condition that has sometimes been a recession indicator. The degree to which investors have crowded […]

Why Hong Kong Matters

Why Hong Kong Matters

China’s economy has grown to dwarf Hong Kong’s since 1997, but the mainland remains deeply dependent on the crisis-stricken city as its primary economic gateway to the world. The global financial hub has been shaken by 10 weeks of pro-democracy protests which could have an impact worse than the 2008 global economic crisis, Hong Kong […]

Australia Faces Massive Devaluation

Australia Faces Massive Devaluation

At its meeting today, the Board decided to leave the cash rate unchanged at 1.00 per cent. The outlook for the global economy remains reasonable. However, the increased uncertainty generated by the trade and technology disputes is affecting investment and means that the risks to the global economy remain tilted to the downside. In most advanced economies, […]

Singapore Faces Downgrades

Singapore Faces Downgrades

Singapore further cut its annual growth forecast on Tuesday as the escalating US-China trade war hammers exports, in another ominous sign for Asia’s trade-reliant economies. The government said it expected growth of 0.0-1.0 percent this year, sharply down from the 1.5-2.5 percent previously estimated, marking the second downward revision this year. The economy expanded 3.2 […]

US and China Had Highly Constructive Trade Meetings in Shanghai to Continue in Washington in September

US and China Had Highly Constructive Trade Meetings in Shanghai to Continue in Washington in September

FLASH: Chinese side confirmed their commitment to increase purchases of United States agricultural exports. The US and Chinese negotiators wrapped up a round of trade talks on Wednesday with visible signs of progress and scheduled their next meeting in September in Washington, DC. Both sides issued brief statements after the 1st face-to-face meetings since President […]

Fed Cuts Rates, Signals It “May” Not Need to Do More

Fed Cuts Rates, Signals It “May” Not Need to Do More

$DIA, $SPY, $QQQ, $RUTX, $VXX The FOMC cut interest rates as widely expected Wednesday, but Chairman Powell said he did not view the move as the start of a lengthy series of rate cuts. Fed Chairman Powell cited global weakness, trade tensions and a desire to boost too-low inflation in explaining the central bank’s decision […]

President Trump: “The Fed raised & tightened far too much & too fast, must cut now”

President Trump: “The Fed raised & tightened far too much & too fast, must cut now”

Monday, President Trump pushed the Fed to cut interest rates as policy makers ready for their decision this month on whether to do so. “Very inexpensive, in fact productive, to move now,” President Trump Tweeted Monday. “The Fed raised & tightened far too much & too fast.” The President has been attacking the Fed for more […]

US Stock Market’s Direction is Based on Fed

US Stock Market’s Direction is Based on Fed

$SPY The US stock market finished lower last week on relatively low volume and volatility. Perhaps it was the pre-conceived negative earnings expectations due to reports released before the results season started that fueled the lackluster price action. Perhaps it was options expiration. Uncertainty over the size of the expected Fed rate cut at the […]

Jared Kushner Off to Israel, Arab Countries For Peace Talks

Jared Kushner Off to Israel, Arab Countries For Peace Talks

White House senior adviser Jared Kushner planning to travel to Jerusalem and several other capitals in the Middle East next week to talk about moving forward with the Trump administration’s Israeli-Palestinian peace plan. Sunday, it was reported the trip will be important for both the economic and political components of the plan. The timing for unveiling […]

DJIA Could Top 30,000 with USMCA, Interest Rate Cuts

DJIA Could Top 30,000 with USMCA, Interest Rate Cuts

$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Stocks push to session highs following Dovish comments from NY Fed President Williams The DJIA could go over 30,000 sooner than many financial experts anticipate, if the Fed cuts interest rates at the end of this month and if House Speaker Nancy Pelosi (D-CA) puts the United States-Mexico-Canada trade […]

Stocks Finished Flat on Mixed Economic Data

Stocks Finished Flat on Mixed Economic Data

$DIA, $SPY, $QQQ, $RUTX, $VXX The gauge of equities finished flat to unchanged Tuesday, as US Treasury yields moved higher on a stronger-than-anticipated report on US retail sales raised the possibility the Fed might adopt a less Dovish stance. The S&P 500 lost 0.3% Tuesday, led lower by shares of energy and technology companies, while […]

Factory Output Up More Than Estimated, Autos Advance

Factory Output Up More Than Estimated, Autos Advance

$F, $GM, $FCAU, $TM FLASH: America is open for business. US manufacturing output accelerated in June, climbing for the 2nd month running, thanks in large part to increased production of motor vehicles and parts. The Federal Reserve said Tuesday manufacturing production rose 0.4% last month, above the 0.2% expected by analysts in a poll. The June numbers […]

President Trump’s Approval Hits 1st-Term High at 47%

President Trump’s Approval Hits 1st-Term High at 47%

This strong economy has President Trump’s approval rating hitting a high point for his administration at 44% among adults and 47% among registered voters in the latest The Washington Post/ABC News poll. These ratings represent a 5-percentage-point uptick since April, when special counsel Robert Mueller’s investigative report was released. President Trump scores highest on the economy, with […]

US Job Growth Tops Forecast

US Job Growth Tops Forecast

FLASH: President Trump, “The Economy Would Be ‘Rocket Ship’ If Fed Cut Rates” US job growth rebounded strongly in June, with government payrolls surging, but persistent moderate wage gains and mounting evidence the economy was losing momentum could still encourage the Fed to cut interest rates this month. The Labor Department’s closely watched employment report on […]

Fed Needs More Information to Support Rate

Fed Needs More Information to Support Rate

$DIA, $SPY, $QQQ, $RUTX, $VXX Tuesday, a Fed policymaker expressed skepticism that an interest rate cut is the right move until there are more signs the economy is moving to a truly weaker path. “I prefer to gather more information before considering a change in our monetary policy stance,” Cleveland Fed President Loretta Mester said in […]

Goldie Does Not See the “Insurance” Rate Cut Coming

Goldie Does Not See the “Insurance” Rate Cut Coming

$GS, $CME Goldman Sachs (NYSE:GS) economists said they are skeptical of “insurance” US interest rate decreases from the Fed to forestall possible slowing in US economic growth due to global trade tensions. A surprise escalation in trade tensions between Washington and Beijing since May, together with low inflation, have spurred bets among traders the Fed […]

President Trump on Fed Chairman Powell, “I disagree with him ‘entirely'”

President Trump on Fed Chairman Powell, “I disagree with him ‘entirely

$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX Friday, President Trump sharply criticized Fed Chairman Powell in an interview aired Friday, blaming him for raising interest rates and damaging the US economy. “He is my pick, and I disagree with him entirely,” he said in an interview with ABC News that was filmed in the back of a […]

President Trump’s Numbers Give Dems Nightmares on Criminal Justice Reform

President Trump’s Numbers  Give Dems Nightmares on Criminal Justice Reform

FLASH: The Second Chance Act giving Democrats nightmares. With their hopes for defeating President Trump in Y 2020 depending largely on turning out the black vote in its usual monolithic numbers, Democrats have been relentless in trying to paint The Trump Administration as evil for Black-Americans. But a report released this month by the U.S. Sentencing […]

If you were paying close attention last week you Keyed on This…

If you were paying close attention last week you Keyed on This…

$EURUSD FLASH: Last week, Fed Chairman Powell said, “…we will act as appropriate to sustain the expansion.” With those few words Chairman Powell took the strength out of the argument for a recession because the Fed is very powerful. And with the stock market rallying, President Trump threatening more tariffs on China, stocks are just […]

U.S. Hiring Has High A 13 Year High

U.S. Hiring Has High A 13 Year High

U.S. employers are reporting the strongest nationwide hiring intentions in 13 years at +21%, according to the Q3 2019 ManpowerGroup (NYSE: MAN) Employment Outlook Survey.* The last time the survey of more than 11,500 employers reported an Outlook as high as +21% was in Q3 2006. Employers in all 13 industries report double-digit hiring intentions, suggesting […]

Market Extends Rally Off of Its Best Week in 2019

Market Extends Rally Off of Its Best Week in 2019

$DIA, $SPY, $SOX, Investors heavily exposed to US stocks just had their best week YTD. But the rebound has raised several questions related to market behavior, policy and economics. How they are answered will prove consequential not only for market prospects but for the global economy. And, notwithstanding the lack of decisive answers at this stage, […]

US Consumers Upbeat

US Consumers Upbeat

US consumer debt increased by the most in 5 months in April and topped estimates, suggesting more upbeat sentiment among Americans is supporting borrowing and spending. Total credit expanded $17.5-B from the prior month following an upwardly revised $11-B gain in March, Federal Reserve figures showed Friday. Revolving debt outstanding increased the most since November while non-revolving […]

US Economy Growing Despite Jobs Slowdown

US Economy Growing Despite Jobs Slowdown

Under President Trump the US economy is continuing to grow, despite a  jobs report that showed job growth had slowed down sharply in May while wages rose less than expected. “We have had extraordinary job growth over the past couple of years, record job growth,” VP Mike Pence’s Chief of Staff Marc Short told reporters. “Unemployment is at a […]

US-China Trade War Negotiations

US-China Trade War Negotiations

A news report by China.org.cn on China’s attitude towards China-US trade friction. On June 2, China released a white paper titled “China’s Position on the China-U.S. Economic and Trade Consultations.” It reviewed the tortuous economic and trade negotiations between China and the United States over the past year, clarified China’s position on the subject, and addressed issues of common concern for various sectors of society and the […]

US Labor Market Solid

US Labor Market Solid

The number of Americans filing applications for unemployment benefits was flat to unchanged last week, suggesting the labor market remains on solid footing despite slowing economic activity. Initial claims for state unemployment benefits were flat to unchanged at a seasonally adjusted 218,000 for the week ended 1 June, the Labor Department said Thursday. Data for the prior […]

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