A version of the S&P hit a record, as markets’ quest to recover everything lost to the pandemic continued, despite more signs of weakness in
Day: August 10, 2020
From Volkswagen To Apple To Dentists And Roofers: What The Fed’s Been Up To
Those interested to know what the Fed bought recently as part of its efforts to support the corporate bond market got a fresh glimpse at
Real Kryptonite Cameo Triggered Largest Gold ETF Outflow Since March Panic
Late last week, US real yields rose the most since June, snapping an eight-day decline. As discussed at length over the weekend in “The Bond
Nomura’s McElligott: The M2 Pro-Cyclical Signal May Be ‘Triggering’ In Stocks
Last week, Nomura’s Charlie McElligott suggested that those looking for a real “reflation signal” should watch for signs that the surge in the US M2
El-Erian Says ‘Band-Aid’ Actions May ‘Further Undermine’ US Prestige. Goldman Sees Early September ‘Deadlines’
It’s “not nothin’”, so to speak, but it’s not a long-term solution. That was the consensus on Monday, as market participants, analysts, politicians, and economists
July’s ‘Great’ US Jobs Report Hid Grim Milestone
Donald Trump’s go-it-alone approach to virus relief met with mixed reviews on Sunday and Monday. Most of those involved seem to realize the executive orders
Bad Behavior, Seditious Words
Tencent shares were hit again Monday, falling nearly 5% as the market continues to fret over the ramifications of Donald Trump’s WeChat executive order. Cumulatively,
