After blithely ignoring the constant chaos in Washington for 17 months, it finally mattered to the stock market. Guess what was at the top of the list of retaliatory Chinese import duties announced last week? California wine! The great irony here is that half of the Napa Valley wineries are now owned by Chinese investors…
The US and South Korea agreed to a revised trading relationship on March 26, in a deal that has been welcomed by both countries. Notably, the proposed changes to the US-Korea Free Trade Agreement (KORUS) will grant South Korea an indefinite exemption from President Trump’s recently announced steel and aluminium tariffs. Although the renegotiated trade deal…
Chris Temple joins me to share his thoughts on the market’s action today. It should not surprise that the US markets are getting a little relief after the rough week last week but they are off the highs for the day. There is more at play currently than just trade concerns. We also touch on…
Market sentiment soured towards the end of last week, as tensions about tariffs escalated. I see some EUR gains at the beginning of this week as risk appetite returns. This week, the key data releases will be on inflation. In the eurozone, we expect to see an acceleration in many countries, which will, however, be…
Shares of Facebook (FB) dropped in late morning trading after the Federal Trade Commission announced it is investigating the company’s data practices in the wake of the Cambridge Analytica leak of 50 million users’ information. FTC CONFIRMS PROBE: The FTC this morning confirmed that it is probing Facebook’s data practices. In a statement, the agency…
The Boeing Company (BA) is the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems. A top U.S. exporter, the company supports airlines and U.S. and allied government customers. Boeing products and tailored services include commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced…
Of the four Federal Reserve districts which have released their March manufacturing surveys – all are in expansion. A complete summary follows. Analyst Opinion of Dallas Fed Manufacturing Survey This survey remains in positive territory with new orders significantly slowing and unfilled orders also slowing – but both in positive territory. This was a weaker…
Written by Bill Kelly What can the NCAA basketball tournament tell you about your investment portfolio? As it turns out, quite a bit. For those of you who simply don’t care about the annual bracket ritual, it is quite easy to get you up to speed. The bottom line is that past performance is no guarantee…
Europe’s Stoxx 600 index is now down over 10% from its January highs, officially entering correction… As (major exporter) Germany leads the drop this month… And bank stocks continues to get battered… Though we note that the last two weeks have seen US banks underperform EU, as credit risk spikes on global funding stress…
Retail is no more constrained to the four walls of its brick-&-mortar existence. Instead, it is rapidly accepting the concepts of an increasingly digitized world as advancing technology and digital transformation are playing key roles in evolving consumer shopping patterns. Consumers now prefer to shop online from the comfort of their homes rather than hopping…
