On Wire

Breaking news, updates, and reports on current events.

Economic News/Reports for your radar (Week of July 1-5)

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by TacAirlifter   Here’s a weekly tracker for economic announcements/updates to guard against (or prepare) our portfolios (or whatever the hell you call the pot of money you work with): Note – all times are in Eastern Standard Time Monday, Jul 1 – Fed Reserve Vice Chair Richard Clarida speech (2:15 AM): “The Federal Reserve’s Review of … Read more

U.S. dominates second-quarter global M&A as mega deals roll on

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https://finance.yahoo.com/news/u-dominates-second-quarter-global-052411365.html NEW YORK/LONDON (Reuters) – Mega deals set the pace for mergers and acquisitions (M&A) globally in the second quarter of 2019, as large U.S. companies defied trade row jitters and seized on strong equity and debt capital markets to agree on transformative combinations. Global M&A volume reached $842 billion in the second quarter, down … Read more

How did the Fed save stocks in June?

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via @NorthmanTrader: By going full freak mode printing a new all time in M1 money supply, the biggest one month jump in years. Many times the biggest jumps in M1 come when markets are under stress. but hey….it keeps working…          

House Democrats cave, will vote on Senate-passed border bill

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House Democrats will vote Thursday on a clean Senate-passed bill to address the border crisis, marking a blow to Speaker Nancy Pelosi (D-Calif.) and liberal lawmakers who had demanded additional protections for migrant children. Rep. Henry Cuellar (D-Texas), a border lawmaker, announced the plan as he emerged from an emergency meeting in Pelosi’s office in the Capitol. … Read more

What Apple could buy with its cash reserves

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by chartr pple has a lot of cash saved up and sitting around, but yesterday it dipped into its piggy bank to buy a self-driving car company. So what else could Apple afford to buy? To put into context just how much spare change Apple has, here are 4 companies that Apple could theoretically buy … Read more

Why Economic Slowdown Continues

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via UPFINA: With the disappointing new home sales report we discussed in a previous article and the disappointing headline durable goods orders reading we will discuss in this article, the U.S. economy has seen a continuation of economic reports not meeting estimates. As you can see from the chart below, the U.S. economic surprise index is at -68.1 … Read more

While ISM Manufacturing looks ripe for another (material) drop next, cyclical equities don’t care.

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While ISM Manufacturing looks ripe for another (material) drop next, cyclical equities don't care. Maybe as market participants seem to believe that Jerome Powell will save the equity momentum another day? Our weekly editorial here -> https://t.co/pRqwr57ZkM pic.twitter.com/24hK45bqUB — Andreas Steno Larsen (@AndreasSteno) June 28, 2019 stocks post best 1H in 20 years on rate … Read more

Facebook’s Libra Coin WILL FAIL – MASS Surveillance Coming SOON

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  Josh Sigurdson talks with Kingsley Edwards about the recent announcements by Facebook regarding their Libra cryptocurrency which many are projecting will be a digital dollar to Bitcoin’s digital gold. Young people are not buying this desperate move to remain relevant and the background is sketchy to say the least. Considering Facebook’s behind the scenes … Read more

Investment Grade Bonds Could Be Peaking

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by Chris Kimble Are investment grade bonds peaking? Some conditions suggest its possible, says Joe Friday! This chart looks at Investment Grade Bond ETF (LQD) over the past 10-years. LQD has moved sharply higher since the lows in December of 2018. The rally has LQD testing its 2015 and 2016 highs. While testing these highs its optimism … Read more