Tag: Market Recap
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Wednesday Recap: Fed Gets the Devil’s Advocate
Stocks Fall, Stocks Rise US and China are moving closer to agreeing on the amount of tariffs that will be rolled back the phase-one deal, despite tensions over Hong Kong and Xinjiang. You can almost know for certain that you will never know for certain when it comes to Trump. Insider sources suggested that the…
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Tuesday Recap: No Deadline for Tariff Man
“No Deadline” for Tariff Man Stocks dropped and bonds rallied in global markets shortly after President Trump fired his tariff weapon to France and Latin American Countries yesterday, and announced today that there is “no deadline” for reaching a trade deal with China. He added that he liked “the idea of waiting until after the…
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Monday Recap: The Tariff Man Returns
Return of the Tariff Man Thanksgiving is over, and tariff man strikes again! This time: the victim is France. The US proposed tariffs on some $2.4 billion in French products, a response to a tax on digital revenues in France that hits large American tech companies including Google, Apple, Amazon, and Facebook. “France’s digital services…
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Friday Recap: Canada’s Economic Slowdown
Bond Sales Reach Record Highs With central banks cutting rates and yields dropping, investors have fled to other alternatives, primarily corporate bonds to get returns. Over $2.43 trillion worth of bonds have been sold this year so far, and many have scored double-digit returns on bond sales. For instance, here’s a story about a UBS…
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Wednesday Recap: MedMen’s Woes and Trading The Trade War
Deal or No Deal? We’ve heard major news about the “phase one” deal being finalised and markets have traded up on looming optimism. But let’s not forget that Hong Kong is in the midst of a violent pro-democracy protest. Today, President Donald Trump signed legislation that expresses US support for protestors, a move that threatens…
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Friday Recap: Cannapocalypse™, Dow Record, and Fed Report
Aurora CEO: “We will be profitable before others” Aurora Cannabis Inc. Chairman Michael Singer made a statement today that the firm will reach profitability before “any of its peers”, however, declined to comment by when this will happen. We spoke yesterday about the bloodbath that was Canopy and Aurora earnings. The chairman saying Aurora will…