"If we somehow get through the Great Reset, the 2030s should be pretty good... No one in 2039 will want to go back to the good old days of 2019. Our kids will think it was the Stone Age. But we have to get there first."
"All the risk factors which had been pushed to the back are returning to the fore: uncertainty over U.S.-North Korea talk, U.S.-China trade tension, the Italian political situation as well as concerns about euro-zone growth."
key economic releases this week are the minutes from the May FOMC meeting on Wednesday and the durable goods report on Friday. There are several speeches from Fed officials this week, including one from Chairman Powell on Friday
"Facebook has engaged a think tank funded by weapons manufacturers, branches of the US military and Middle-Eastern monarchies to safeguard the democratic process. It's akin to hiring arsonists to run the fire brigade."
With Walmart unofficially set to close Q1 earnings season, all attention will remain glued on the interplay of the rates-dollar-oil trio, and judging by the somber overnight market action, traders are not too excited with the ongoing meltup in all three.
"Between the US strikes on Syria in April and the recent developments on the Korean Peninsula, we are in somewhat of a lull in the Empire’s search for a new war to start...So let’s see where we stand and try to guesstimate where we might be heading."
"All of these products were born of central bankers with no self-control, individuals who’ve long since demonstrated that they are lacking in common sense. The fact is, they’ve gorged together and fed each other’s risky markets in concert. Now comes the time for the real discovery, the revelation of the feedback mechanisms that will infect each other’s markets and economies."