Yuan

The Donald Can't Stop It...

"...with each passing day, the bull market moves closer to the next bear market... That’s when SPY portfolios will vaporize as the herd attempts to panic out of the market at precisely the same moment...What’s more, when push comes to shove, The Donald can’t stop it."

China Launches Yuan-Ruble Payment System

China and Russia are continuing to shift away from dollar-based trade, and converging on commerce which will eventually be backstopped by gold, or what is gradually emerging as an Eastern gold standard.

S&P Futures Flat, Spain Rebounds, Nikkei Closes At 21 Year High

S&P500 futures point to a slightly lower open, as Asian stocks rise to trade near decade highs, with Japan’s Nikkei 225 closing at highest since 1996. European stocks are little changed, with Spanish shares gaining after Catalan President rows back from an immediate declaration of independence. MSCI's all-world stocks index briefly hit a fresh record high.

European Stocks On Edge Ahead Of Catalan Independence Call, S&P Futures Rise

S&P futures are again modestly in the green as European shares hold steady ahead of a meeting of the Catalan regional parliament and a possible declaration of independence by Catalan leader Puigdemont, while Asian shares rise a the second day. The dollar declined for the 3rd day, its losses accelerating across the board amid growing concerns that Trump's tax reform is once again dead.

Trader: The Dollar Bounce Is Unlikely To Be Over Yet

Investors have become so used to low volatility they are starting to over-interpret every little move in asset prices. The two latest examples are traders concluding there’s no contagion from Turkey’s problems just as they begin, and dollar bears heralding the resumption of the long-term downtrend when the Bloomberg Dollar Spot Index is only 0.6% from its 12-week high.

Global Markets Bounce As Germany, China, Spain Lift World Stocks, Turkey Crash Ignored

S&P futures rebounded and edged higher as European stocks gain, led by Spanish shares after mass demonstrations in favor of Spanish unity and speculation Catalonia may back down on unilateral independence demands, while Chinese mainland stocks reopened catching up to gains missed during the holiday week following last weekend's RRR cut.