Hard hitting global and local news
Here we go again. More military interventionism. The threat this time is a complete blockade of Venezuela.
In a series of Tweets, President Trump calls Kim Jong Un a friend and defends three recent missile tests.
For the first time in a decade, Canada and Mexico surpassed China as the US’ largest trading partner.
Nonfarm payrolls expanded by 164,000 in June, slightly better than the ADP forecast and the Bloomberg consensus estimate
A global manufacturing recession is now a certainty. Trump just made matters worse with a new 10% tariff hike on…
Gold reversed strongly and bond yields continued to plunge when Trump announced a 10% hike in tariffs on China.
The long end of the yield curve continued its post-FOMC decline on poor manufacturing reports and new Trump tariffs.
Trump says trade talks with China are on track for September. Tariff hikes are proof they aren’t. Stocks reversed.
The closely watched ISM and Markit PMI both hover near 50. That is the dividing line between growth and contraction.
Counting the FF Rate, the yield curve flattened quite a bit but inversions between 3-month and long end widened.