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.
Wednesday, July 14, 2021
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