US index futures rose higher into record territory, as European stocks pared muted gains after the EURUSD rose above 1.17, pressuring exporters, while Asian shares were broadly higher, but the main theme of the session was another day of USD weakness.
Would a Tesla go-private deal be a sign of a market top, like AOL-Time Warner or the RJR Nabisco LBO? It certainly checks a lot of the boxes, and also highlights several fundamental shortcomings to public equity markets.
Singapore pulled off a brilliant Trump-Kim summit in all respects, including the bottom line. Indeed, the government of Singapore spent $15 (USD) million, and according to estimates by Meltwater, that expenditure generated $568 (USD) million for the city-state. Not a bad return for a few days’ work.
"While everyone is debating the effects of possible trade sanctions on the global economy, few are paying attention to a far more serious issue. Enormous global debt, combined with low-interest rates, have set the stage for a global recession that has the potential for economic chaos."