President Trump is a proficient tweeter, but is he an efficent tweeter. If you trade you are well aware of the affect and volatile reaction. However do the tweets move the markets as much as you think? Goldman did a study and shared the results. What moves the markets?
American Household Wealth Grows $1.83 Trillion to New Record High
Americans household wealth hit record highs in the second quarter of 2019. Stock prices are near record highs after the Federal Reserve have cut rates and investors ignore global economy slackness from the trade war and Brexit.
Markets Tumble After US Treasury Declares China A Currency Manipulator
US Treasury Secretary Mnuchin declared China as a currency manipulatorvia an official Treasury statement. The move follows China weakening the Yuan over 7.00 to the USD as the Trade War ramped up further.
American Household Wealth Grows $2.19 Trillion to New Record
Property and stock prices have recovered after losing 3.7% in the last quarter after the Federal Reserve changed tact on rates. The move pushed Americans household wealth to record highs with a gain of 4.5% in the first quarter of 2019..
American Household Wealth Grows $2.19 Trillion to New Record
Higher property and stock prices have pushed Americans household wealth to record highs. U.S. President Trump may be the most divisive President in history but the Federal Reserve shows Americans are getting weathier with him.
Who Blinks First, G7 Faceoff Between America and Rest
This year’s G7 summit begins Friday in Canada at a time when tensions between the U.S. and the other six nations are on edge. Why, in a nutshell America wants new trade agreements, Germany, France, Italy, Canada, Japan and the U.K. say nope.
Trump Would Like Trade Deal With France Directly
U.S. President Trump speaking after meeting with French President Macron made comments that could prove devisive to the EU, France and America. He stated “Trade with France is complicated as EU has trade barriers that are unacceptable”
Nobel Prize Winning Economist Nervous About Stock Market
Professor Richard H. Thaler won the Nobel Prize in economics this week and he is nervous about the stock market, admitting he doesn’t understand it. He voiced similar tones to Bill Gross yesterday calling them ‘Fake markets’.
As Russia Probe Drags on Putin Says Hasn’t Decided if Running Again
Apparently Russian President Vladimir Putin has not decided he will run for re-election in March 2018. For a guy who hasn’t relinguished any power since he headed the KGB this seems doubtful. Also today Senate Intelligence Committee head Burr said “Can certifiably say no vote totals were affected as a result of Russia”
Tax Reform, Cuts To Be Retroactive – Mnuchin
At all time highs U.S. stock markets have put it all on red on Tax reform with the Trump Adminstration. U.S. Treasury Secretary Mnuchin is out with the spin on the plan and his outlook. Highlights on states, growth and debt follow. The big one, he wants the tax cuts to be retrospective.