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Quiet day so far but trends intact under surface

Quiet day so far but trends intact under surface

A very subdued market so far (at 2 p.m. New York time) today. Maybe its the solar eclipse. After all who wants to put on a long position when the sun is about to be eaten by dragons? As of 2 p.m. the Standard & Poor’s 500 stock index was up just 0.06%. But...
Today it’s copper

Today it’s copper

Copper for September delivery closed up 2.84% today. Copper stocks did even better with Freeport McMoRan Copper and Gold (FCX) closed up 5.73% for example. Southern Copper (SCCO) ended the day ahed 3.37%. And First Quantum Minerals (FQVLF) traded up 10.14%. So...
Apple’s newest China problem

Apple’s newest China problem

If you use an Android smart phone in Beijing, you can just tap it to pay for a ride on the city’s transit system. An iPhone? Forget it. Apple’s Phone uses ApplePay. And the company doesn’t grant access to third-party apps like those from Yikatong...
Latest data say China’s economy slowed in July

Latest data say China’s economy slowed in July

Reports released by China at 10 p.m. New York time Sunday show China’s economy slowing in July. Industrial output rose 6.4% year over year. Industrial output grew at an annual 7.6% in June. Economists had projected 7.1% growth in output. Retail sales, another...
Inflation holds steady at annual 1.7% rate

Inflation holds steady at annual 1.7% rate

The Consumer Price Index rose 0.1% in July from June. CPI headline inflation is now running at a 1.7% annual rate, below the Federal Reserve’s target of 2% inflation. The core inflation rate, which excludes food and energy prices, rose 0.1% in July and is also...