The president of the European Council has dared British politicians to back remaining in the EU after Theresa May’s Brexit deal was voted down by the House of Commons by a historic margin of failure.
Investment Strategy
Wall Street’s view on Trump’s talk of firing Fed Chair Jerome Powell: ‘Utter madness’
President D. Trump’s growing dissatisfaction with Federal Reserve Chairman Jerome Powell could be veering into dangerous territory. With the Fed embarked on a campaign to tighten monetary policy, the president has repeatedly attacked Powell, reportedly fearful that a volatile market – and the attendant possibility of an economic downturn – could endanger his reelection prospects.
Fed Concerns Aren’t Over For the Market Yet
Trade relations between China and the U.S. overshadow most everything as stocks enter the month of December, but in the week ahead the Fed and U.S. economy come back into play with important Fed testimony and the November employment report.
JP Morgan economists said the Economy Should Grow at a Slower Pace of 1.9 Percent From the Fourth Quarter’s Year over Year Rate of 3.1 Percent
The economist say the slow down from a “boomy” 3.1 percent in year-over-year fourth quarter growth will come as fiscal, monetary and trade policy get less supportive or more restrictive.
President Trump: Predicts ‘Great Deal’ with China on trade
Gold Silver Reports (GSR) — He expects a bounce after the midterm elections thanks to strong earnings, monetary policy that is still “pretty easy” and fiscal policy that should continue to support the market.
History Says The Market Sell-off isn’t Over And This Drop Will be ‘Sharper Than The First’
Stocks could see another swoosh before the market is able to build on, or even hold, this week’s gains.
Gold is Doing Something it Hasn’t Done in Nearly 30 Years
Gold’s on track for its longest losing streak in almost 30 years, but Jeff Kilburg, a CNBC “Futures Now” trader, says the yellow metal could be due for a comeback.