US Current Account Highest Since 2007 at -$190.3 billion

The US announced  Q2 2021 current account deficit grew to $190 billion or 3.3% of GDP, its largest since Q2 of 2007 from a downwardly revised $89 billion prior and compared to forecasts of $191 billion shortfall. Reduced surpluses on services and on primary income mostly offset by  reduced deficit on secondary income.

Morgan Stanley Warns Rise in Treasury Yields Could Cause A Correction In US Stocks

Morgan Stanley’s chief investment officer Mike Wilson on Bloomberg Wednesday issued a sobering warning on another day of record highs saying US stocks are overbought and risks a correction due to rising interest rates. He added bull markets tend to overshoot a little bit in the short term, any kind of pullbacks will probably be bought.

Number One Risk for 2018 Is A Brutal Correction of Stock Prices Says French Watchdog

France’s market watchdog Autorite des Marches Financie (AMF) sees as the number risk for 2018 a brutal correction of stock prices. Goldman Sachs Bull/Bear Index is at the highest in almost 50 years. Analysts preach this time its different, is it?

Dow’s Biggest Percentage Losses Ever, Today’s 1175 Crash Doesn’t Make Top 10

After Crashing 666 points Friday the Dow Jones index crashed in the biggest points loss ever Monday, 1175 points.To put that in perspective, the loss was ‘just 4.60%”. In 1987 the Dow lost 22.61% at the close. But as we said its all a matter of entry and leverage.