Equities rose as China revised hopes of progress in trade talks. Volume was subdued because of Yom Kippor. Speaking of which, oil rose because Turkey—a member NATO-- began a military offensive into northeastern Syria targeting US back Kurdish militants. ...
Led by technologies, equities sank on reports that the US is moving toward restrictions on ownership of Chinese equities in government sponsored pension plans. I think it is noteworthy that there is bipartisan support for such a plan...
Some have commented that White House statements indicating it has no plans to delist Chinese companies helped offset the negative sentiment from Chinese remarks that it has narrowed the range of topics to be discussed. I am certain the interpretation of the upcoming meeting...
The 8:30 headline describing September’s jobs data read “US Payrolls Miss Estimates as Wages Cool in Signs of a Significant Downshift.” The article stressed the nominal miss in both private sector and non-farm payroll gains ...
How will September’s jobs data be interpreted? Until this week, the data was consistently surprising on the upside suggesting an economy expanding around a 2.5% to 2.75% pace. However earlier in the week both the ISM Manufacturing Index and the ISM Non-manufacturing Index...
Nervousness is rising in many dimensions. The markets are beginning to discount the possibility that Elizabeth Warren could become the Democratic nominee given the issues surrounding both VP Biden and Senator Sanders....
Wow! Yesterday was a volatile day. Commenting first upon the sovereign debt market, global sovereign debt markets were roiled by Japan’s announcement that it may stop purchasing its debt because of negative yields and begin purchasing “other debt.”...
Equities rose following reports that the Administration will not target Chinese capital. Many firms have opined that such action could be potentially disastrous, a view that I share. Beijing did its part on Monday ...
The S & P 500 slid for the fourth time in five sessions. Equities were initially flat with attention focused on the impeachment drama until the announcement that the US is unlikely to extend a waiver allowing American firms to supply China’s Huawei Technologies....