Authored by James George Jatras via The Strategic Culture Foundation,
President Donald Trump has signed the sanctions bill against Russia, North Korea, and Iran. With the near-unanimous, veto-proof margin by which the so-called «Countering America’s Adversaries Through Sanctions Act» was passed by both the House and the Senate, Trump was in a lose-lose position.
Authored by James Howard Kunstler via Kunstler.com,
Gold Outperforming Stocks YTD As Dollar Has 5th Monthly Decline
It took stocks only a few minute to "price in" the latest political shock out of Washington, and as of this morning Emini futures no longer care that Mueller has a grand jury, trading 0.08% in the green with European stocks and Asian shares all little changed as investors await the looming July jobs report, which is expected to show a slowdown in hiring from 222K to 180K but will have little impact on either the Fed's thinking or the market.
E-mini futures are fractionally lower this morning (0.08%) after Apple's surge helped the DJIA climb above 22,000 for the first time on Wednesday; Global shares declined for the first time in 4 days pressured by tech stocks: Asian shares fell, while Europe pared opening losses to trade unchanged.