To say that Saudi Arabia has been the lynchpin to U.S. foreign policy objectives in the Middle East and central Asia is to engage in massive understatement…
Sabotage? Has the Deep State Destroyed Trump’s Chances of a China Trade Deal?…
Somebody out there apparently does not want President Trump to make a trade deal with China. Just after U.S. and Chinese officials agreed to suspend the implementation of new tariffs for 90 days, one of China’s most important tech executives was literally kidnapped as she was changing planes in Canada. Huawei CFO Meng Wanzhou was […]
6 Reasons Why the Stock Market Will Likely Retest Its February Lows…
The early February stock market correction wiped $6 trillion off the global market capitalization before equities reclaimed a chunk of lost ground. But there are at least six reasons why markets may test those recent lows, according to analysts at Bank of America Merrill Lynch. A $6 trillion drop in global market cap would imply […]
U.S. Stocks Rebound…
U.S. stocks rose on Thursday, with major indexes on track to snap a multiday skid, following upbeat data on the labor market which may have momentarily offset jitters over inflation and rising bond yields. The Dow Jones Industrial Average DJIA, +0.77% gained 324 points, or 1.3%, to 25,122. The S&P 500 SPX, +0.33% added 26 […]
U.S. Stocks Snap Selling Spree to Close Higher in Volatile Trading…
The U.S. stock market halted its death spiral to close higher Tuesday after a wild day of trading that saw the Dow ricocheting more than 1,000 points, underscoring a new regime of volatility on Wall Street. The turnaround, which follows on the heels of the blue-chip index’s worst one-day point decline on Monday, helped to […]
The Mnuchin Massacre: Precious Metals Surge Amid Dollar’s Worst Start in 30 Years…
The Dollar was smashed with the ugly-stick today as Mnuchin’s comments sparked chaos in FX markets… and as precious metals surged and bond yields jumped… and stocks actually sank (briefly)… we were reminded by the mainstream media that a falling dollar is great for ‘Murica so buy the dip in stocks with all your money […]
Hedge Funds Are the Robber Barons of Our Time (Podcast)…
The hedge fund industry grew up quietly out of almost nothing into this enormous force on Wall Street. There’s almost $3 trillion estimated to be under management at hedge funds around the world — but hedge funds are lightly regulated, so we don’t always know what’s going on in that sector. The people who have […]
Brexit Paranoia Creeps Into the Markets…
Late last week stock markets around the world weakened and it seemed as though recent “Brexit” polls showing that the “leave” campaign has…