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Posts Tagged ‘gold’

China retaliates; Trump promises his retaliation to their retaliation this afternoon

Xi Jinping and Donald Trump upstaged Federal Reserve chair Jerome Powell this morning. Powell's Jackson Hole speech this morning was supposed to be the day's big market event. (More on this speech in a later post.) But this morning China announced that it would retaliate to the last round of additional 10% tariffs on $300 […]

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Market goes to pessimism on trivial Pompeo comments–tells ya something, though

It didn't take much to end the optimism of the past few days and turn the market at least mildly pessimistic today. U.S. Secretary of State Mike Pompeo told CNBC this morning that Huawei Technologies isn't the only Chinese company that poses security risks to the United States. Well, duh! Not so far back the […]

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Markets bet that Fed will follow ECB this week to announce something “spectacular”

Gotta love that financial market enthusiasm for central banks. Last week the markets rallied on signals from the European Central Bank that it would cut its key interest rate--now at a negative 0.40%--to a negative -0.50%, lower the rates that banks pay to borrow money from the central bank, and restart its program of quantitive […]

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Step #1 (of 5) to get your portfolio ready for the Next Big One–Special Report update

Last night I added Step #1 to my Special Report 5 Is Your Portfolio Ready for the Next Big? The post below is a cut and paste of the material I added to the Special Report. I'm posting it separately here to make it a bit more accessible. In my macro picture, I wrote, "you'll […]

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Stocks fall in wave of bad news–but hold up better than expected (all things considered)

As of noon today New York time, the Standard & Poor's 500 and the Dow Jones Industrial Average are both down 2.42%. The NASDAQ Composite is lower by 2.78%. The Russell 2000 small cap index has tumbled 2.66%. And the iShare MSCI Emerging Markets ETF (EEM) has dropped 2.59% Which is actually a better performance […]

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A fine volatility this is–just kind of strange

This post should be song to the tune of "A Fine Romance." (It helps if you can dance like Fred Astaire. Or sing like Ella.) "A fine romance, with no kisses A fine romance, my friend, this is We should be like a couple of hot tomatoes But you're as cold as yesterday's mashed potatoes […]

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A rally in tech shares disguises return to risk off trading

Shares of Apple (AAPL) climbed 0.21% to lead the Technology Select Sector SPDR ETF (XLK) higher by 0.40% as of 2 p.m. trading in New York. That helped disguise what is otherwise a return to the risk off trading of Monday after Tuesday's rally--although with smaller declines than on Monday. The Standard & Poor's 500 […]

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Special Report: Are you ready for the next Big One? A 5-Step Portfolio Strategy–Part 1, the odds of a Recession or Credit Crunch, Step #1 Foundation Buys, and Step #2 Sectors to Sell

Is a Recession coming? I don't mean "someday." Someday the sun will go nova but I don't need to price that in to my investment strategy. But a Recession in 2020 or 2021? That's something to take into account. And to prepare for to the degree possible. Or a Credit Crunch? You know, a financial […]

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Portfolio strategies for a changing market: What went up today when everything went down

For the last few weeks I've been working to shift gears in my online portfolios in anticipation of a tougher market after the Federal Reserve meeting (and a likely additional interest rate cut) on September 18. I've added Treasury ETFs--the Vanguard Intermediate-term Treasury ETF (VGIT) and the Vanguard Short-term Treasury ETF (VGSH)--because I think the […]

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China strikes back

We suspend our usual programming to cover the developing financial market and likely economic reaction to China's decision to let the yuan tumble in retaliation to President Donald Trump's decision last week to place a 10% tariff on an additional $300 billion in Chinese exports to the United States. Topics I can imagine posting on […]

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