Shares of Air France-KLM crashed as much as 14% on Monday - the company's biggest drop since 2002 - after CEO Jean-Marc Janaillac, announced his resignation as company workers rejected a pay proposal that would've ended a crippling strike.
Silver 70% below 1980 high & technically looks very bullish (see charts). Turkey physical demand surges as Turks are “protecting their savings” with gold. GoldCore Weekly Gold Update
Buffet repeated his idea that cryptocurrencies will come to a “bad ending,” and claimed that Bitcoin (BTC) is "probably rat poison squared," according to CNBC.
"...forebodingly those three episodes each culminated in an absolute price decline in excess of 50% for the high-flying sector and underperformance relative to the S&P 500 of roughly 30%."
"Economists’ views on the potential for a recession will probably be inadequate because they have been unable to predict any Post-WWII recession, so it is unlikely they will do so now..."
The market's most important leadership group - one which includes names like Amazon, Facebook, Time Warner, Alphabet and Microsoft - is on the verge of a right shoulder wipe out.
In a "significant escalation" of the trade war with China, the White House is considering restricting telecom equipment sales by some Chinese companies in the U.S., even as Chinese officials warn that "in the event of a trade war, China has a much greater ability to endure than the U.S."
The hawkish baseline is that the language on inflation needs a makeover. The dovish part is that there is likely to be some explicit reference to downside risks...
Apple turned net sellers (purchases-sales-maturities) of marketable securities for the first time in at least three years. This has profound implications for the market.
As Asian and European traders return from holiday, sentiment is generally risk on, with Asia mixed and European markets and US equity futures in the green, unafraid that the Fed could throw a curveball later in the day.
Companies are citing that wages are rising (due to a tight labor market) and prices for raw materials like steel are rising. Both of these are being reflected in companies’ aims to increase prices of goods and services... inflation is coming.
