The Canadian Loonie and Mexican Peso jumped late on Tuesday after a report by the Globe and Mail that the U.S. government has dropped a demand that all vehicles made in Canada and Mexico for export to the United States contain at least 50% U.S. content.
Global shares traded in the red, and the dollar slumped before a hike in US interest rates, while awaiting key guidance on how many more to expect for this year. S&P futures were little changed, while markets in Europe and Asia dropped.
Greenspan’s “central banks stand ready to lease gold in increasing quantities should the price rise” is not about price suppression but about backwardation suppression.
“Rents here are crazy if you can find a place, and they’re going to tax us to death. That’s what it feels like. At least in Nevada, they don’t have a state income tax. And every little bit helps.”
"What's relevant in the near term is that every bit of political resistance to the growth of Federal deficits during the Obama era is now over and gone..."
"Here is the bottom line: If this correlation turns negative so that both stock and bond prices decline, Risk Parity portfolios will be modified to reflect these new correlations and volatilities. In simple terms, they will sell."
One academic who spoke with Bloomberg said the speech constituted an "official warning" from the People's Republic of China: Don't interfere in mainland-Taiwan relations.
After yesterday's violent selloff which was sparked by tech, Tuesday trading has so far been relatively calm and muted with Europe bourses paring early gains while Asian stocks trading slightly lower S&P futures were hugging the unchanged line as Nasdaq futures pointed to more tech declines
Given the not-if-but-when nature of Kushner’s departure from the White House, it’s none too soon for media outlets to prepare themselves. With that in mind, here is a prospective political obituary for him...
"We think January was the top for sentiment, if not prices, for the year. With volatility moving higher we think it will be difficult for institutional clients to gross up to or beyond the January peaks" - Morgan Stanley
Although Cryptocurrencies have been touted as an 'alternative' financial system the majority is denominated in USD with one major exception - Venezuela's new PetroCrypto. Now it's been banned, is it a prelude of things to come?
