China Manufacturing Data, Buffett’s New stakes in Japanese Firms Boost Asian Markets
Asian stock markets rose Monday after Wall Street turned in its fifth straight weekly gain and China’s manufacturing growth held steady.
Month: August 2020
Jump in 30-year Treasury Yield Raises Expectations of Fed Purchases
NEW YORK (Reuters) - Investors are raising expectations the Federal Reserve will act to tame an upturn in yields by expanding its purchases of long-dated Treasury bonds, after the U.S.…
Aussie Dollar Punches Through Resistance as Uncertainty Persists. More Upside Ahead?
As we reported in the middle of August, the Australian Dollar, and other 'risk on' asset classes were at a cross-roads. A range of elements, including several points of confluence…
Frederic Bastiat
Quote for the Day
“How is it that the strange idea of making the law produce what it does not contain—prosperity, in a positive sense, wealth, science, religion—should ever have gained ground in the political world?”
Dow Jones May Climb on Dovish Fed, Improving Macro Data
The Dow Jones Industrial Average stockindex has rebounded 56.4% from its trough observed in March, marking it one of the best-performing stock indices globally after the S&P 500 and Nasdaq…
With the Market Back at a Record, Wall Street’s Top Analysts Think These Stocks Can Go Even Higher
Stocks are once again at record high levels — with the S&P 500 now up over 21% on a one-year basis. That’s following Fed Chair Jerome Powell’s more-relaxed inflation targeting…
Mr. Powell, If You Want Higher Inflation, Give People Money
Frances Coppola, a CoinDesk columnist, is a freelance writer and speaker on banking, finance and economics. Her book “The Case for People’s Quantitative Easing” explains how modern money creation and…
Frederic Bastiat
Quote for the Day
“In fact, if law were restricted to protecting all persons, all liberties, and all properties; if law were nothing more than the organized combination of the individual’s right to self-defense; if law were the obstacle, the check, the punisher of all oppression and plunder — is it likely that we citizens would then argue much about the extent of the franchise?”
Winners Taking Everything in Relentless Five-Week Nasdaq Surge
For a clear lens into how investors see the Covid crisis reordering the economy, consider how they are dividing the stock market’s bounty during what is fast becoming the rally’s…