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Too much news for the next three weeks

Too much news for the next three weeks

Busy, busy, busy. Here’s what we know to be on tap for the rest of October as of today October 7. U.S.-China trade talks are set to resume on Thursday, October 10. That means a switch from a period when both nations were issuing statements and policy steps...
I think we can call this a data dependent market for Friday

I think we can call this a data dependent market for Friday

The trend in U.S. financial markets this week has pointed down on data that shows the U.S. economy is slowing. Certainly the disappointing numbers in both the manufacturing and services Purchasing Managers Indexes have supported that conclusion. That could all change...
Looking for an above average yield? Australia’s Westpac Banking looks very attractive after today’s financial sector selling but I’d wait on a likely dividend cut this fall

Looking for an above average yield? Australia’s Westpac Banking looks very attractive after today’s financial sector selling but I’d wait on a likely dividend cut this fall

Today’s weakness in the financial sector on the news that online brokerage Charles Schwab (SCHW) will be cutting commissions on equity and ETF trades to 0% sent the financial sector down to a loss of 2.07% on the Financial Select Sector SPDR ETF (XLF). That...
McDonald’s announces test of Beyond-Meat-based PLT

McDonald’s announces test of Beyond-Meat-based PLT

We knew this one was coming, right? Today, McDonald’s (MCD) announced that it would begin a test of the PLT, the plant, lettuce and tomato burger, for 12 weeks in 28 restaurants in south-western Ontario. The move mirrors but trails (by six months) the...
Bolton departure from White House sends oil tumbling

Bolton departure from White House sends oil tumbling

The resignation/firing of John Bolton, a long-time advocate of military action against Iran, as National Security Advisor to President Donald Trump, has send oil prices tumbling today. U.S. benchmark West Texas Intermediate is down 2.42% to $56.01 a barrel....
Flood of corporate debt sends Treasuries prices tumbling

Flood of corporate debt sends Treasuries prices tumbling

Companies are set to borrow $74 billion in the investment-grade bond market this week. That’s the most for a week since records began in 1972. The issuers include Coca-Cola (KO), Walt Disney (DIS), and Apple (AAPL). At least another $50 billion in corporate bond...
Boris Johnson loses working majority mid-speech to Parliament

Boris Johnson loses working majority mid-speech to Parliament

It was the kind of session that only Parliament can produce: jeering, catcalls, and mid-speech by Prime Minister Boris Johnson the dramatic resignation of a Conservative member of Parliament who got up from his seat and walked over to join his new party the Liberal...
Market rides energy shares higher

Market rides energy shares higher

This morning the U.S. Energy Information Administration surprised the markets with the report of a bigger than expected decline in oil stockpiles. Crude inventories fell by 10 million barrels for the week ended August 16. The prior week showed a drawdown of 2.7...