"The result is still a healthy picture but with more indicators turning less green/more orange. The Goldilocks backdrop of 2017 has continued to fade YTD and the average percentile of macro, markets and uncertainty indicators has increased..."
...could strike a deal that involves him pleading guilty to a violation of the Foreign Corrupt Practices Act in exchange for cooperating with prosecutors in their investigation of Goldman.
The 23% slide in Chinese stocks from 2018 highs has created widespread investor concern about a potential repeat of the 2015 market dislocation. But is this a credible threat? Here is Goldman's response.
"The recent trade announcements assigning tariffs on the steel and aluminum supply, along with strong regional demand, have placed unprecedented stress on our suppliers’ feedstocks and corresponding input costs"
While it's a fairly quiet week for the US on the data front, the US CPI report for June should be of particular interest, while the start of Q2 US bank earnings
"...the formation of moral values in society doesn’t come from the evolution of the consensus. No, it is the most intolerant person who imposes virtue on others precisely because of that intolerance. "
"... these stocks have rarely, if ever, been so over-loved and over-owned... We are downgrading our view on the US technology sector to underweight from equal-weight."
Following a blockbuster Q1 earnings season yet which saw a surprisingly muted market reaction, traders turn their attention to the second quarter earnings season which officially begins on Friday the 13th. Here's what to expect.
