In my role as a long-term investor (trading is a different story) I don’t care about Chinese purchases of US Treasuries. You shouldn’t either. The issue is the focal point of the trade war story. There are multiple reasons, but the most important is rarely mentioned. Stories ask, “Who Will Buy Our Bonds?” as if […]
The economic calendar is normal, with a focus on leading indicators and new home sales. The punditry will be less interested in data than in gauging the Fed’s reaction. Expect most to be asking: Will we see a new direction from the Fed? Last Week Recap My last edition of WTWA, I expected a focus […]
The economic calendar is normal with emphasis on inflation data and housing news. These routine reports continue in the background as the Washington headlines continue. We would all like to focus on markets, but the daily news flow emphasizes the turmoil. Many people are asking: How can markets ignore the political turmoil? Last Week Recap […]
The economic calendar is normal but featuring the monthly employment report. Usually that would be the focus, and it might become so by week’s end. Until the situation is clarified, the paramount question will be: Has the US ignited a trade war? Last Week Recap My last full edition of WTWA, two weeks ago, asked […]
New Fed Chairman Powell had just finished his Senate testimony. Market participants were digesting the morning’s economic data and the likely Fed reaction. Then…something happened. Normally I am skeptical of the post hoc analysis of market moves, but this one was clear. President Trump announced the intention to raise tariffs on steel and aluminum. Stocks […]