This week, the S&P 500 and Dow Jones Industrial Average fell for three consecutive days; this is the longest losing stretch since September.
Mao Zedong was, by all assessments, not the nicest fellow. In 1964, he first published “Quotations from Chairman Mao,” which came to be known to all and sundry as “Mao’s Little Red Book.”
Throughout the world, the media televise weekly reports on the protests in Hong Kong. Developments have remained highly visible, courtesy of regular demonstrations that take place like clockwork, every weekend in the business district of the city.
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.
“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.
Mayer Amschel Rothschild died in 1812, so he could hardly be referred to as a pal of Xi Jinping, but the two have a great deal in common.
1. Escalations in the ongoing U.S.-China trade war continued to trigger wild swings in equity markets this week. Volatility should be expected to remain elevated for the coming weeks as the trade dispute escalates further. 2. The seasonally adjusted number of Americans filing initial claims for state unemployment dropped by 12,000 claims from the previous…
Trade and speculation about the moves of the Federal Reserve moved back to the forefront of factors affecting market volatility this week. Continued escalation of tensions in the Middle East region also remains a factor.
The G-20 meeting appeared to result in a truce between China and the U.S. on the trade front, as was generally expected. Stock analysts eagerly awaited the release of the June Non-Farm Payrolls report on Friday for indications of what the Federal Reserve’s next monetary policy move might be. It was a shortened trading week due to the Independence Day holiday in the U.S.
The Precious Metals Week in Review – August 4, 2017 – Precious Metals International