Tactical Short Q2 Recap Call This Afternoon

Please join Doug Noland and David McAlvany Thursday, July 15th, at 4:00 pm Eastern/ 2:00 pm Mountain time for the Tactical Short Q2 recap conference call, “Updating the Bubble Thesis.” Click here to register.   

Thursday's News Links

[Yahoo/Bloomberg] U.S. Stocks, Yields Slip After Powell, China Data: Markets Wrap

[CNBC] Treasury yields dip, continuing their three-month slide

[Reuters] Fed boosts bonds, Delta blues stall stocks

[Yahoo/Bloomberg] Oil Drops for Second Day After Surprise Jump in Gasoline Stocks

[CNBC] Jobless claims hit new pandemic low, while New York manufacturing notches record high

[AP] Biden pitches huge budget, says Dems will ‘get a lot done’

[Yahoo/Bloomberg] Biden Faces Hard Sell in Asia for Anti-China Digital Trade Pact

[Yahoo/Bloomberg] China’s V-Shaped Recovery Steadies as Retail Spending Gains

[Yahoo/Bloomberg] China Reinforces Policy Stance With Cutback in Loan Injections

[Reuters] China's economy grows more slowly than expected in second quarter

[CNBC] China property investment growth slows in H1

[Bloomberg] Fed’s Bullard Urges Start of Bond Taper With Jobs Goals Met

[Bloomberg] El-Erian: Fed Raises Risk of Policy Mistake and Market Accidents

[Bloomberg] New York Manufacturing Expands at Record Pace, Price Gauge Rises

[Bloomberg] Why Cutting Unemployment Aid Isn’t Filling America’s 9.2 Million Open Jobs

[Bloomberg] China Home Price Growth Slows Under Tougher Mortgage Borrowing

[Yahoo/Bloomberg] BOE Policy Makers Signal U.K. Stimulus May be Curtailed Soon

[Yahoo/Bloomberg] Wall Street Has Surrendered to the $500 Billion ETF Rush

[Yahoo/Bloomberg] Reddit Traders Are Upending the World of Credit Investing, Too

[Reuters] Residents count cost as South Africa looting starts to die down

[NYT] China’s Growth Slows as Pandemic Fears Persist

[WSJ] How Is the Economy Doing? Here’s What Banks Say

[WSJ] China to Walk a Fine Economic Line After Posting Second-Quarter Growth

[WSJ] Republicans Highlight Inflation in Effort to Thwart Biden’s Midterm Economic Case

[FT] China warns of economic uncertainty despite moderate recovery in Q2

[FT] ETF industry on track for record year as investor inflows reach $659bn

Wednesday Evening Links

[Yahoo/Bloomberg] Asia Stocks Mixed After Powell as China Data Loom: Markets Wrap

[Yahoo/Bloomberg] Oil Extends Losses on U.S. Stockpile Gain While OPEC+ Nears Deal

[Yahoo/Bloomberg] Powell Sees Tapering a ‘Ways Off,’ Gets House Inflation Grilling

[Reuters] Job gains strong, prices rising as U.S. recovery continues -Fed Beige Book

[Reuters] Biden backs $3.5 trln spending plan, Republicans blast massive package

[Reuters] Chile central bank increases benchmark interest rate to 0.75%

[Reuters] Rising inflation risks might hasten BoE towards action -Ramsden

[Reuters] Brazil's Bolsonaro, stabbed in 2018, may need emergency surgery

[AP] Summer setback: COVID deaths and cases rising again globally

Wednesday Afternoon Links

[Reuters] Wall St eases as declines in cyclicals outweigh boost from growth stocks

[Reuters] Gold jumps as Powell plays down Fed taper talk

[Yahoo/Bloomberg] Oil Drops as U.S. Fuel Stocks Grow and OPEC+ Closer to Deal

[Reuters] Fed's Powell stays focused on jobs recovery, expects inflation to ease

[Yahoo/Bloomberg] Key Moderate Democrats Not Yet on Board With Senate Budget Plan

[Reuters] U.S. crude stockpiles fall for eighth week in a row - EIA

[CNBC] The junk bond market is on fire this year as yields hit a record low

[CBS] Social Security recipients may get biggest cost-of-living bump in almost 40 years

[Bloomberg] Bank of Canada Boosts Inflation Forecast, Dials Back Bond Buying

[Bloomberg] Global Bonds Look to Powell as Inflation Surges Test Nerves

[WSJ] Powell Expects Inflation to Moderate, but Will Likely Remain Elevated This Year

[WSJ] Time Is Money for Companies Facing Transport Snarl

[FT] BlackRock chief warns on inflation as staff enjoy 8 per cent pay rise