Business

Authored by Lance Roberts via RealInvestmentAdvice.com,

I remember the first time I saw the movie “Poltergeist.” It scared the $*#@ out of me, and I slept with the lights on for a month.

So to be clear, this week we had:

• Hurricane Irma crushes Florida
• North Korea test fires ICBMs across Japan (again)
• Economic data misses across the globe (China and US most notably)
• Terrorism in UK and France

And the result - drum roll please - new record highs for The Dow, The S&P, and The Nasdaq... with The Dow's best week of the year!!

Authored by Wolf Richter via WolfStreet.com, 

Flip-flopping killed its credibility. That’s a problem for the markets.

“They’re getting more worried about the negative consequences of QE”: Fitch Chief Economist

In what may have been a watershed moment in monetary policy - which awkwardly was missed by almost everyone as a result of the concurrent launch of the latest North Korean ballistic missile which immediately drowned out all other newsflow - late on Thursday, the Bank of Canada held a conference on inflation targeting and monetary policy titled "Bank of Canada Workshop “Monetary Policy Framework Issues: Toward the 2021 Inflation-Target Renewal"  in which, in a stunning shift of monetary orthodoxy, BoC Senior Deputy Governor Carolyn A.

Authored by Sara Potter via FactSet,

Last week, I detailed the various factors leading up to the stock market crash of October 19, 1987. As we approach the 30-year anniversary of Black Monday, are there signs that the bull market of 2017 could end in the same way? Let’s compare the financial, economic, and political factors now and then to paint a better picture.