So much for that U.S-China trade truce
The Trump administration has announced higher tariffs on $50 billion in Chinese export and promised additional restrictions on Chinese investments. China immediately promised to impose tariffs with "equal scale, equal intensity" on U.S. exports. The Commerce Ministry...
Markets today “seem” to say North Korea summit more important than G7 explosion
At 2 p.m. New York time the Standard & Poor's 500 stock index was up 0.3%. The Dow Jones Industrial Average was ahead 0.22%. And the NASDAQ Composite index had inched higher by 0.27%. Which is surprising given that the Group of 7 meeting ended Saturday with the...
Saturday Night Quarterback says, For the week ahead expect…
The is a week with plenty of potential economic trends–although none is so strong that geopolitics couldn’t seize control of the world’s financial markets
Saturday Night Quarterback (on a Sunday) says, For the week ahead expect…
The combination of a president who frequently goes off script with a deeply paranoid regime in North Korea is very likely to generate language (and let’s hope that’s all it is) capable to producing big one- or two-day moves in financial markets. It doesn’t help that the U.S. delegation has been stripped of some senior voices. Treasury Secretary Steve Mnuchin and White House economic advisor Gary Cohn will both stay home in Washington to lobby Congress for Trump’s positions in the tax cuts moving to mark-up in the House on Monday.
More saber rattling in Korean standoff leads to modest increase in market nervousness
It’s not surprising that the major U.S. stock indexes are down. So far today the North Korean foreign minister has said that President Donald Trump’s threats against his country amount to a declaration of war, and that North Korea has the right to shoot down U.S. warplanes even if they aren’t actually flying in North Korean airspace. Amazing that the Standard & Poor’s 500 stock index was off only 0.38% as of 3 p.m. New York time.
Adding a gold ETF on today’s drop in the metal on hurricane, North Korea relief
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Notes You Need for August 14: Japan economy surprise, China Daily criticism, China cuts North Korea imports, dollar firms, yen falls
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Calendar says odds of another provocative act from North Korea are very high over the next two weeks
The North Korean regime in Pyongyang likes to commemorate  important dates in the country’s wars against historical external enemies with “gestures” toward those countries that Kim Jong-un has branded the country’s current enemies. This time around those “gestures” could include a missile test or two. What are the dates that could trigger a “gesture”?
Saturday Night Quarterback says, For the week ahead expect…
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Not a lot of conviction today: Markets refuse to bounce or to fall farther
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Market goes from worried to freaked out today
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