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Global markets finished an eventful trading week last week with a mildly negative tone, as signs of progress in US/China trade discussions were followed by negative comments late last week that indicated both sides remained far apart. But there were some signs that…
On the one hand the US economy continues to plow forward, but on the other hand trade issues remain threatening, with the US/Chinese situation poised to get worse before it gets better. A US/Canadian deal, which in turn would probably be an updated version of North American Free Trade Agreement, might not have the impact of…
The US stock market continues to climb “a wall of worry,” as less than stellar US economic data, ongoing US/China trade tensions, signs of a building global currency problem, and expectations of a US interest rate hike this month are being discounted…
The number of global geopolitical/economic flashpoints has expanded dramatically,Given the ongoing gains in US equities, unrelenting strength in crude oil prices, and a lack of sustained concern over the possible derailment of the global economy by US/China trade salvos, one gets the sense that…
The number of global geopolitical/economic flashpoints has expanded dramatically, and the potential for a major risk-off event is growing. Given that US/China trade tensions are escalating and given China’s outsized impact on physical commodities, the threat against…
The number of global geopolitical/economic flashpoints has expanded dramatically, and the potential for a major risk-off event is growing. Given that US/China trade tensions are escalating and given China’s outsized impact on physical commodities, the threat against…
The US economy has remained on a positive jobs track and Chinese stocks have remained under pressure, and that could be suggesting that China is losing ground in the trade battle. However, dialogue in the US…
On balance, global economic conditions improved over the last week, with a slight tempering of trade tensions, strong US growth readings, and ideas that a number of central banks are seeing conditions that will allow them to plan stimulus exits…
A number of industrial commodities have remained under liquidation pressure because of the worsening of US/Chinese trade relations. The takeaway from recent dialogue suggests that the US is preparing for a long-term tariff strategy with China.
Judging by the reactions in the markets, sentiment on global equities has not been injured by the trade salvos, but sentiment on a number of demand-driven commodities has. With China posting yet another record trade surplus with the US for the month of June and…