1. It was a historic week as the U.S. House of Representatives voted to impeach just the third sitting president since the United States of America formed as a republic. 2. The seasonally adjusted number of Americans filing initial claims for state unemployment dropped by 18,000 claims from the previous week’s unrevised level to 234,000…
1. The status of the U.S.-China trade negotiation continues to be in flux and remains the top factor affecting market volatility. The House of Representatives moved forward on their plan to impeach U.S. President Donald Trump for his actions towards Ukraine. 2. In a surprise move, the seasonally adjusted number of Americans filing initial claims…
Despite the shortened trading week due to the Thanksgiving holiday in the U.S., and seemingly positive progress in the trade talks between the U.S. and China earlier in the week, uncertainty surrounding the U.S.-China relationship continues to be the primary driver for market volatility.
I was stupefied at what I was reading. A Bloomberg article earlier this month reported that JP Morgan and Citibank were significantly reducing their gold positions or closing them out entirely.
The ongoing trade dispute between the U.S. and China continues to spark volatility in all markets. The first public hearings in the impeachment inquiry into President Trump’s July 25 phone call with the President of Ukraine got underway this week but equity markets seemed to largely ignore the spectacle and the political uncertainty it could cause, choosing instead to simply shoot higher on nothing more than the tenuous hope that the U.S. and China were “close” to reaching a trade deal.
Headlines regarding the ongoing trade dispute between the U.S. and China were again the primary drivers for market moves this week. It is increasingly odd that the mainstream media seems to find news coming out of China more reliable than their sources based in the U.S.
“Trump is doing the right thing. Without him, we have no protection against China. China doesn’t only wish to dominate Asia, but the world.” Here in Hanoi, so said my dinner companion – a major manufacturer and worldwide exporter of steel products.
1. As fears of further trade war escalations between the U.S. and China seem to be fading, eyes are turning to next week’s Federal Open Market Committee meeting by the Federal Reserve. Analysts will be parsing every word of Fed Chair Powell’s statements at the conclusion of next week’s meeting for indications on the near-term…
The ongoing trade dispute between the U.S. and China remained the main focus for mainstream media outlets this week.
The trade dispute between the U.S. and China took a new turn this week as the Democrat-controlled House of Representatives announced this week that it was opening a formal impeachment inquiry against President Donald Trump over alleged abuse of power surrounding a phone call he made to the President of Ukraine back in July.