After a week in which stock-trading abruptly algos decided that rising yields are irrelevant at worst, and at best positive for equities, the correlation has again flipped overnight sending Asian shares lower and S&P futures sliding.
Kushner met with executives of Chinese conglomerate Anbang Insurance which also owns the Waldorf Astoria hotel in New York City locate four blocks away from the 666 5th avenue property.
"We project that federal debt will slightly exceed 100% of GDP and interest expense will rise to around 3.5% of GDP, putting the US in a worse fiscal position than the experience of the 1940s or 1990s."
President Trump has long accused China of 'one of the greatest thefts in the history of the world' and he campaigned hard on the issue during his run for the White House. So, it is no surprise that his administration are doing something about what they view as an unfair trade set-up.
"I have never owned a share of stock in my life. I do not eat my own cooking...and I have two children in college, so I don’t have any money to buy stocks."
"There’s no defense like a good offense...The Mueller indictment against the Russians is a well-timed effort to distract Americans’ attention from the real collusion rotting the core of our public life by shifting attention to a foreign enemy."
Banks like to pretend that they're so much more established and secure than the world of cryptocurrencies, but as anybody who pays close attention to the headlines would know... that's just not the case...
In the US, there is little top tier data of note, only the FOMC minutes on Wednesday night where the market will be looking for affirmation of a highly anticipated rate hike in March.
After years of forced hibernation, brought about by suspension of traditional trading rules by the central banks, the markets are facing a painful process of re-emancipation.
"The market is still struggling to understand or embrace dollar weakness. How can it be that US yields are rising sharply, yet the dollar is so weak at the same time? The answer is simple..."
