Peter Schiff Warns "Trump Deficits Will Be Yuuge": What That Means For Gold & The Dollar
Submitted by Peter Schiff via Euro Pacific Capital,
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McCain’s $5 Trillion Military Budget: Will It Make America Great Again?
Global Stocks Dip; Bond Yields, Dollar Rise After Yellen's Rate Guidance; All Eyes On Draghi
After yesterday's speech by Janet Yellen which signaled a path of steady interest rate increases and was perceived as hawkish, the dollar rebounded, Asian shares slipped and government bond yields jumped to multi-week highs on Thursday.
"Everything Is A Partial Reversal Of Yesterday" - Stocks, Dollar Rebound Following Trump Scare
European shares decline led by a plunge in Pearson shares, S&P futures were modestly in the green as Asian and EM stocks gained. The dollar rebounded against most major currencies after retreating 1.3% on Tuesday to the lowest in a month following Trump's "strong dollar" comments and halted a seven-day drop against the yen.
China Orders No Market Selloffs During President's Davos Trip
As we observed in yesterday morning's market wrap, while US traders took the day off for the MLK holiday, China was busy defending an accelerating selloff across its stock markets.