Trump talks down dollar–and U.S. stocks
The U.S. dollar fell today after President-elect Donald Trump told the Wall Street Journal that the U.S. currency was too high–in part because China holds down the price of the yuan. On the comments the Bloomberg Dollar Spot Index was down 1.1% as of noon New...
There goes the neighborhood: In one interview President-elect Trump bashes both EU and NATO
In an interview with the London Times and Germany’s Bild President-elect Donald Trump managed to dismiss the European Union as a tool for expanding German exports and to label NATO as obsolete. Trump praised the Brexit vote saying that people “want their...
What’s the “quid” for Softbank’s “quo”?
Update December 30,2016. Softbank (SFTBY) has been in the headlines a lot recently–usually after an announcement by President-elect Donald Trump. There was Softbank CEO and chairman Masayoshi Son emerging after a meeting with Trump at Trump Tower to announce...
Did the Trump-China trade war heat up overnight?
Maybe it’s just coincidence. Random noise. Sound and fury signifying nothing. I hope so. But I fear not. Yesterday the director of Beijing’s National Development and Reform Commission’s price supervision bureau told the state-run China Daily that its...
Trumphoria has been driving this rally–how long will that last in the financial markets?
Stock markets typically go gaga over a new president. The election is over and the voters who picked the winner bask in the hope that the candidate will actually keep those campaign promises that earned their votes. This year the market is more gaga than usual. The...
Whoa, Nellie! Fed raises rates today and signals more increases than expected in 2017
As expected, the Federal Reserve raised interest rates for the first time this year today. Unexpectedly, the Fed’s dot plot shows that Fed members now see three additional interest rate increases in 2017 instead of the two the financial markets had expected...
China’s yuan on collision course with Trump in 2017
$10 billion here. $10 billion there. And soon you’re talking about real money. China’s foreign exchange reserves fell $69.1 billion in November to $3.05 trillion, the People’s Bank of China said today. That follows on a $47.5 billion drop in October....
So much for the post-Trump-victory drug stock rally
“I’m going to bring down drug prices. I don’t like what’s happened with drug prices,” President-elect Donald Trump said in an interview with Time posted on the magazine’s website today. So much, the stock market has concluded today, for the idea that a President...
Oil stumbles to near $42 before steadying
I suspect that today’s “rally” in oil was simple a result of the commodity falling too far, too fast and opening the way for some traders to make a buck or two on the upside. U.S. benchmark West Texas Intermediate fell to $42.24 a barrel as of 11:45...
Global bond markets decide Trump means more government spending, a big tax cut, bigger deficits, and higher inflation–and increased odds that the Fed will raise interest rates faster than expected just last week
Global bond markets fell to the tune of a more than $1 trillion loss this week after Donald Trump’s win in the U.S. presidential election. The market value of the Bank of America’s Global Broad Market Index, which tracks 24,000 bonds around the world, fell...
A new landscape for investors after a Trump victory–my guide from A-W (I can’t find an X,Y, or Z)
And to think that just yesterday I was scouting for an investment that would let me go long the Mexican peso and thinking of cutting back my exposure to biotechs. Not today. My thinking on both those potential investments has been turned upside down by Donald’s...Jim’s Daily Email Alerts:
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