Authored by Christoph Gisiger via Finanz und Wirtschaft,
Blackstone’s market maven Byron Wien warns that stocks are in danger of suffering a setback. But he also explains why investors should keep their calm and weather the impending storm.
A Ray of Hope
Paul Craig Roberts
America has been a discouraging landscape ever since the neoconservatives took over US foreign policy during the Clinton regime and started the two decades of war crimes that define 21st century America and ever since US corporations betrayed the US work force by moving American jobs to Asia.
The outlook became darker when the Obama regime resurrected the Russian Threat and elevated the prospect of military conflict between the nuclear powers.
Following yesterday's almost unanimous House vote to pass new sanctions against Russia, on Wednesday Moscow threatened to retaliate, saying that - as expected - the action has made it all but impossible to achieve the Trump administration’s goal of improved relations, and vowed to retaliate to the latest sanctions which Russia views as senseless and destructive according to its deputy foreign minister said.
S&P futures were fractionally higher (+0.1% to 2,476) with all eyes on the Fed's rate decision as investors await another earnings deluge from companies including Facebook, Coca-Cola and Boeing. Asian and European shares were also higher, prompted by momentum from the latest US record high; the Dollar rebound continued while oil rose above $48 as copper hit a two year high.
Submitted by Bill Blain of Mint Partners
Blain's Morning Porridge, July 26.
“Bankruptocracy is as much a European predicament as it is an American invention.”
Apologies for lack of comment y’day, but my computer decided to auto-destruct just as I about to send it out. Despite many reports saying markets are now in full holiday season, there’s still plenty of serious stuff still going on, and some subtle shifts in direction to figure out.