With a fairly quiet economic calendar, markets were expected to focus on speeches from Federal Reserve Chair Yellen and European Central Bank President Draghi for clues about plans for removing monetary policy stimulus. Instead, President Trump’s remarks at an Arizona rally rattled investors by thrusting trade and the looming government…
Month: August 2017
Tumultuous week globally roils markets
Markets began the week on an optimistic note as prospects of war between the U.S. and North Korea appeared to recede. Stocks advanced, volatility declined, and safe havens that rallied on last week’s fears – precious metals, treasuries, yen – all settled lower. But by mid-week, all heck broke loose.…
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“Dear Leader” shakes markets out of summer doldrums
With second quarter earnings season winding down and little in the way of major new economic data, attention this week focused squarely on increasing tensions between North Korea and the United States. After the United Nations imposed its toughest sanctions yet against the North Korean regime, an exchange of bellicose…