According to Fox News, another North Korean ICBM launch is expected as soon as tonight. Each additional test highlights that Trump's current strategy of containing Kim appears to not be working, as the North Korean continues to defy the US and China’s demands to stop.
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.
US Senator Ben Cardin Tries to Make Criticism of Israel a Felony
The moronic Democratic Senator Ben Cardin of Maryland sponsored a bill handed to him by the Israel Lobby despite having no idea what was in it. The bill obliterates free speech in the US. This shows you who is represented in the US Congress. Most certainly it is not the American people. https://theintercept.com/2017/07/25/cardin-amend-israel-boycott-bill-bds/
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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.