Market News and Commentary May 31

‘Caution Is Going To Be The Word Here,’ Says Former Super Bull Jeremy Siegel. Mexico hits back at U.S. tariffs with measures on farm, steel products. Sears is closing more stores as sales shrink for 26th quarter in a row. Fed calls Deutsche Bank’s U.S. operations ‘troubled.’ Pending home sales fall more than expected as costs for buyers rise. Dying shopping malls are wreaking havoc on suburban America. Canada announces retaliatory tariffs on steel and aluminum. U.S. to impose steel, aluminum tariffs on EU, Canada and Mexico.

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Market News and Commentary May 30

Italy Revived The Euro Crisis And Sparked A Global Stock Market Selloff. Trillions of reasons why a ‘huge storm’ may be looming for investors. Millions of U.S. homeowners still under water on mortgages. Robot chef cooks 300 burgers a day. U.S. GDP growth revised down to 2.2% rate in first quarter. China reportedly lining up countries against U.S. in pending trade war. Trump’s Budget: $984 billion deficit next year.

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Market News and Commentary May 29

Soros Sees New Global Financial Crisis Brewing, EU Under Threat Sovereign Debt Crises Is Upon Us. Prepare to profit BIG time. Traders are worried this could be the ‘big unwinding’ of Italian bond markets. Oil prices down hard, pressure builds on expected crude output increase. Stock market borrowing at all time high, increasing risk of downdrafts. Delays and ‘poison pills’: team Trump runs out of road in NAFTA talks.

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Market News and Commentary May 28

U.S. Record Oil Exports Bite Into Russia, OPEC Market Share In Asia. Trump’s ‘Spygate’ is a ‘diversion tactic’: Senator Flake. Oil extends losses as OPEC and Russia look to raise output. Traders are worried this could be the ‘big unwinding’ of Italian bond markets. China approves 13 new Ivanka Trump trademarks in 3 months.

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Market News and Commentary May 27

Former CIA Director On North Korea: ‘These Folks Are Not Going To Get Rid Of All Their Nuclear Weapons.’ Rubio: FBI didn’t target Trump campaign, only suspicious individuals in it. Half of Americans won’t take a vacation this summer—and not just because they can’t afford it. Gas prices soar on Memorial Day weekend. These places are hit hardest. Schiff: ‘No evidence’ to support Trump’s spy theory. Fed relying on biased data that makes ‘B-minus economy’ look like an ‘A+’ : James Bianco.

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Market News and Commentary May 26

Kim Jong Un, South Korea’s Moon Meet Amid Uncertainty Over U.S. Summit. Brazilian president sends in army as truck protest paralyzes country. U.S. reaches deal to keep China’s ZTE in business: congressional aide. Oil price fall hits energy shares, dollar rises. Oil output could return to October 2016 level, says Russia’s Novak.

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Market News and Commentary May 25

OPEC, Russia Prepared To Raise Oil Output Under U.S. Pressure. Trump’s clueless handling of Kim is to blame for summit fiasco. Pelosi says Kim ‘big winner’ after Trump cancels NKorea summit. At Trump Tower, Michael Cohen and oligarch discussed Russian relations. Surging gas prices could fuel backlash against Trump.

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Market News and Commentary May 24

Trump Signs The Biggest Rollback Of Bank Rules Since The Financial Crisis. U.S. has more than 5,600 banks. Consolidation is coming. Mueller says he’s ready for Judge to sentence George Papadopoulos. Deutsche Bank looks to cut 10,000 jobs to reduce costs: source. Jared Kushner gets permanent White House security clearance, and met with special counsel for a second time. Trump cancels Singapore nuclear summit with North Korean leader Kim Jong Un.

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Market News and Commentary May 23

Weekly Mortgage Refinances Drop To An 18-Year Low As Rates Jump. Oil will be in a $55 to $75 per barrel range on a 12-month basis, said Manpreet Gill, head of FICC investment strategy at Standard Chartered Private Bank. Venezuela faces backlash after Maduro’s electoral ‘victory.’ U.S. hikes tariffs on Chinese steel exported via Vietnam. Venezuela expels U.S. envoy in response to sanctions. Michael Cohen’s business partner, Evgeny Freidman, agrees to cooperate as part of plea deal.

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Market News and Commentary May 22

China Says It Will Cut Tariffs On Some Auto Parts And Vehicles. ‘World no longer accepts U.S. deciding for them’, Iran’s Rouhani says. North Korea summit: Pence warns Kim Jong-un not to ‘play’ Trump. Oil prices have been given a boost, but they could struggle to head higher. Ban to be lifted on China’s ZTE. U.S. hikes tariffs on Chinese steel exported via Vietnam. Russia is out to prove that ‘doomsday’ forecasts of economic collapse have failed. Goldman: U.S. fiscal outlook ‘not good.’ Donald Trump says U.S. reconsidering ZTE penalties as ‘favour’ to Xi Jinping.

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Market News and Commentary May 21

WSJ: Mueller Probe Now Looks Outside Russian Influence. Robert Mueller’s Trump-Russia collusion probe will wrap up by September 1, says Rudy Giuliani. Average price of US gas jumps 10 cents, to $3 a gallon. Venezuela’s Maduro wins second term despite charges of sham election. Ryanair CEO says some airlines will not ‘survive’ the winter due to elevated oil prices. Donald Trump ‘offered to ease ZTE sanctions to persuade China to help with North Korea summit.’ Trump asking aides whether he should proceed with North Korea summit: report. Trump presses China to be ‘strong & tight’ on border with North Korea. Trump on China: Barriers and tariffs to come down for first time.

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Market News and Commentary May 20

Mnuchin Declares US-China Trade War ‘On Hold’ As Talks Progress. U.S. schools ‘absolutely’ should be hardened. Europe, China, Russia discussing new deal for Iran: newspaper. China agrees to import more from U.S., no sign of $200 billion figure. EU could compensate firms hit by U.S. sanctions over Iran: French minister. U.S. led coalition hits ISIS in Iraq, Syria with 66 strikes in past week. Roger Stone says Trump may not run in 2020, pledges to line up challenger to Pence-Haley ticket.

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Market News and Commentary May 19

U.S. Wants to Restart Nuclear Talks With Iran, But Hasn’t Budged On Demands. Maduro seeks second term in isolated, ruined Venezuela. Oil steady after retreating from 2014 highs on dollar strength. Mexico presidential front-runner vows to hit back at Trump tweets. U.S. imposes sanctions on Venezuelans ahead of Presidential election. Credit card delinquencies spike past financial-crisis peak. Tesla needs to raise $10.5 billion in capital to keep going through 2020: Goldman Sachs. Trump’s confrontational trade stance is just boomeranging back to imperil US. Argentina’s crisis gets kicked down the road, but at what cost?

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Market News and Commentary May 18

Chipmaker Stocks Slammed By Applied Materials Outlook. Jeff Bezos: ‘If you cannot afford to be misunderstood, don’t do anything new or innovative.’ Trump’s bonfire of the treaties sweeps towards the WTO. Mueller’s office files unredacted memo outlining scope of Russia probe: filing. They’re out to FRAME me says Trump. Trump offers ‘protections’ if Kim surrenders nukes.

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Market News and Commentary May 17

Cambridge Analytica Shared Data With Russia: Whistleblower. In veiled shot at Trump, Tillerson warns lies are a threat to American democracy. Senate votes to reinstate Obama-era net neutrality rules. Giuliani: Mueller’s team told Trump’s lawyers they can’t indict a president. Trump will seek full funding soon for his border wall. Trump ‘flip-flops’ so much over China and trade it’s hard to pick stocks, economist says. North Korea threat to cancel U.S. summit calculated to hide nukes, intel officials say. Mortgage rates reach seven-year high in a housing market reckoning.

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Market News and Commentary May 16

As Italy Seeks to Form a Government, Leaked Documents Stir Anxiety. Justice Department and F.B.I. are investigating Cambridge Analytica. Market volatility spurs ETF outflows. Qatari investor confirms he was at Trump Tower meetings. Japan economy shrinks after two years of growth, dealing a blow to prime Minister Shinzo Abe. EU chief on Trump: “With friends like that, who needs enemies?”

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Market News and Commentary May 15

North Korea Threatens To Cancel Trump-Kim Summit Over South Korea-US Military Drills. Wall Street drops on concerns over US-China trade woes, rising inflation. US 10-year Treasury yield jumps to highest level since 2011 above 3.06%. One-third of American working-age men could be displaced by robots. Mexico says NAFTA deal unlikely this week, signing possible this year.

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Market News and Commentary May 14

The Bond Market Is Doing Something It Hasn’t Done Since 2007 – And Could Be Signaling A Recession. Trump extends lifeline to sanctioned tech company ZTE. Oil falls away from multi-year highs on surge in U.S. drilling, Iran sanctions opposition. Bolton: Iran’s economy ‘quite shaky,’ so effect of sanctions ‘could be dramatic.’ UK consumer spending continues to fall in April – Visa. China’s night-owl retail investors leverage up to dominate oil futures trade. Credit raters put pressure on Deutsche Bank over new strategy.

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Market News and Commentary May 13

North Korea Says That It Will Dismantle Its Nuclear Test Site This Month. Bitcoin conferences flood New York, bringing millions in ticket sales. Bloomberg warns of ‘endless barrage of lies’ in politics. Thousands of people in Sweden get microchip implants for a new way of life. Federal tax cuts leave States in a bind.

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Market News and Commentary May 12

Why Would Kim Jong-un Trust Trump Now That He’s Ripped Up Iran’s Nuclear Deal? Negotiators fail to reach NAFTA deal, Trump launches new attack. The most secure facility in the world is operational again! Rudy Giuliani says Trump “denied” AT&T-Time Warner merger. Trump assails high drug prices, avoids direct hit on industry. Iran nuclear deal: Europe strives to keep agreement. Report: DHS Secretary Nielsen ‘implored’ not to quit by John Kelly as illegal immigration skyrockets.

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Market News and Commentary May 11

EXCLUSIVE: Special Counsel Probing Donations With Foreign Connections To Trump Inauguration. AT&T CEO says Cohen payments ‘big mistake,’ chief lobbyist retiring. Iran launched 20 missiles from Syrian territory on Israeli military bases in the Golan Heights. Trump breaks key populist campaign promise to negotiate Medicare drug prices. Post office blames U.S. Government – not Amazon – for billion-dollar loss.

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Market News and Commentary May 10

Cohen, Touting His Access To President Trump, Convinced Companies To Pay Millions. Michael Avenatti claims Michael Cohen received payments from firm controlled by Russian oligarch. Louisiana to warn thousands of elderly, disabled they may lose Medicaid. Jubeir: Saudi Arabia will seek nuclear weapon if Iran does. Trump warns Iran: ‘Don’t restart your nuclear weapons program.’

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Market News and Commentary May 9

Federal Reserve Of San Francisco Says BTC Futures Launch Led To Price Fall. North Korea’s Kim meets China’s president ahead of Trump summit. Michael Avenatti claims Michael Cohen received payments from firm controlled by Russian oligarch. CBO forecasts largest-ever monthly surplus as record tax receipts pour in. The latest: Australia and Japan still support Iran deal. Argentina seeks IMF financing to stabilize economy.

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Market News and Commentary May 8

Trump Announces U.S. Will Exit Nuclear Accord With Iran. Average price of U.S. gas jumps 7 cents, to $2.90 a gallon. Kevin McCarthy: Dems want to capture government, impeach Trump. 95,745,000: Record number not in labor force as Boomers retire. Amazon could be the next black swan for the market.

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Market News and Commentary May 7

U.S. Oil Cracks $70, Dollar Heads Towards 2018 High. Germany’s factory orders fall unexpectedly. Dollar marches to 4-month high as oil rally points to higher inflation. Oil prices are indicating a worst-case scenario on Iran nuclear deal, economist says. Buffett bashes Bitcoin as thriving on mystique, favors stocks. Kellyanne Conway denies White House credibility crisis. Warren Buffett: Autonomous driving cars ‘will be bad’ for insurance industry. 95,745,000: Record number not in labor force as Boomers retire.

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Market News and Commentary May 6

Billions On The Line For Firms As Trump Weighs Iran Pullout. U.S. probes Cohen over cash he built up during campaign. North Korea says denuclearization pledge not result of U.S.-led sanctions. Warren Buffett: I was wrong on Google and Amazon, Jeff Bezos achieved a business ‘miracle.’ U.S. Senator John McCain, who is battling brain cancer, does not want Donald Trump at his funeral.

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Market News and Commentary May 5

Top Greek Banks Would Lose 15.5 Billion Euros Of Capital In Stress Scenario: ECB. Greece arrests doctors and nurses over stolen cancer drugs. Buffett accounting ‘nightmare’ fuels first loss in nine years. Argentina raises interest rates to 40%. Greece arrests doctors and nurses over stolen cancer drugs. Fidelity fires 200 over alleged misuse of reimbursements. Rescuers in Poland find 2 coal miners alive.

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Market News and Commentary May 4

U.S. To Become World’s Top Oil Exporter. U.S. adds a modest 164,000 jobs; unemployment down to 3.9 pct. Special counsel Robert Mueller focusing sharply on links between Trump confidant Roger Stone and former campaign official Rick Gates, sources say. 10-Year Treasury over 3%: Yield curve turning negative, Michael Cohen reportedly breaks his silence, takes shot at Rudy Giuliani.

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Market News and Commentary May 3

President Trump’s Trade Shakeup Hasn’t Delivered The ‘Better Deal’ He Promised. Trump says ‘retainer’ to lawyer covered porn star payment. President Donald Trump reimbursed his personal lawyer for $130,000 in hush money paid to a porn actress. Fox’s Napolitano says Giuliani claim ‘unworthy of belief.’ U.S. investigators wiretapped phone lines of Trump lawyer: NBC ISM nonmanufacturing index slows to four-month low in April.

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Market News and Commentary May 2

Trump Loses Another Lawyer — Ty Cobb Leaving, Reportedly Being Replaced By Clinton Impeachment Attorney Emmet Flood. Mueller raised possibility of presidential subpoena in meeting with Trump’s legal team. Mueller still mulling Trump campaign collusion with Russians. Trump ‘dictated that whole letter’ praising his health, says his ex-doctor. Rosenstein: ‘We strongly support appropriate Congressional oversight,’ but DOJ will not be ‘extorted.’ Market correction of 30-40% could be coming soon, investment guru Mark Mobius warns.

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Market News and Commentary May 1

Impeachment Looms Large In White House Midterm Plans. Construction spending stumbles in March but is stronger for the year to date. U.S. manufacturing growth slows more than expected in April. Gibson guitar maker files for Chapter 11 bankruptcy protection. Trump doc says Trump bodyguard, lawyer ‘raided’ his office, took medical files.

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