France

Authored by James Bovard via The Future of Freedom Foundation,

This year is the 100th anniversary of Woodrow Wilson’s pulling America into World War I. Many people celebrate this centenary of America’s emergence as a world power.

But at a time when the Trump administration is bombing or rattling sabers at half a dozen nations and many Democrats are clamoring to bloody Russia, it is worth reviewing how World War I turned out so much worse than the experts and politicians promised.

S&P futures retreated along with European and Asian shares with tech, and Apple supplier shares leading the drop while safe havens such as gold and the yen rose, as the war of words between U.S. President Donald Trump and Kim Jong Un escalated and North Korea threatened to launch a hydrogen bomb, leading to a prompt return of geopolitical concerns. Trade focus now turns to a planned speech by Theresa May on Brexit (full preview here).

Trump was apparently so impressed by the military parade he was invited to watch in France on Bastille Day that he's contemplating following in the footsteps of the French, and a handful of rogue dictators in third-world countries, with a U.S. military parade down Pennsylvania Avenue in Washington D.C. on July 4th. 

Authored by Eric Peters via EricPetersAutos.com,

Since they can’t sell electric cars – not enough of them, anyhow – and not without subsidies so huge they amount to outright bribes – the solution appears to be to outlaw all cars except electric cars.

This is no joke.

For the first day in three S&P futures have pulled back modestly from record levels as some investors cautioned that gains had gone too far, too fast, European shares are mixed while Asian equities extended their longest rising streak in almost two months as continued gains in Japan and India offset the losses in Hong Kong. The dollar ended a two-day advance as TSY yields dropped in what has become a close correlation trade (see below) while oil and gold rose, perhaps in response to the ongoing plunge in bitcoin.