The future ain’t what it used to be
There were two mass shootings within 24 hours in America this week. Firearms stocks spiked. U.S. stocks plunged the most this year as China responded to Trump’s latest tariff threats. The yield curve blared its loudest U.S. recession warning since 2007. Bitcoin, an...
Now it is getting personal – trade war drives wine prices higher
The value of U.S. wine exports to China dropped by 25% in 2018, when the first retaliatory tariffs hit. California, which accounts for more than 90% of America’s wine sales to other countries, has borne the brunt of the decline. China’s latest round of retaliatory...
Buy, Sell or Go Surfing
With the Dow Jones Industrial Average over 27,000, the S&P 500 index moving past the 3,000 mark for the first time; the Nasdaq composite likewise shattering its previous record, closing above 8,200, the mood in Wall Street is almost giddy. But the reasons are...
Want in on the next startup IPO?
With the markets hitting new highs, investors and funds are no longer content with getting >15% return YTD. One would have given his left arm to get that kind of return just a decade ago but to quote Bob Dylan - "The times, they are a changing". Now, there is this...
Uber Starts Helicopter Service
Starting this week, New Yorkers can take a chopper from downtown to JFK airport for $200 and avoid the grid locked roads on their way to the airport. If their foray in New York succeeds, Uber hopes to expand this service to other cities. Flights can be booked...
From $1000 iPhone to $10 monthly fee
Earlier this week, Apple’s design chief Jony Ive quit Apple to start his own business. Ive, who has been at the helm of the design team since 1996, had helped design the iPhone, iPod, iPad and Macbook. In particular, the iPhone has driven Apple’s sales and profit for...
Treasury Rally to Continue
Yields on 10-year Treasuries broke below 2% for the first time since 2016 this week after the Federal Reserve signaled it’s ready to lower borrowing costs, prompting a flurry of bets that a rate cut will happen in July. The U.S.-China trade dispute remains hot. On...
Confusion reigns on Wall Street
Earlier this week, with the deadline looming with Mexico of next Monday, the U.S. job growth came out showing that nonfarm payroll increase in May missed expectations by a wide margin [75,000 vs 180,000]. The markets which usually would have taken a leg down on this...
Trump goes rogue and takes down the market
Have you been enjoying our never-ending trade war with China? Well, you now get a 2 for 1 deal. There is a trade war with Mexico as well. The markets didn’t take this kindly and neither did the Mexican President, but, that’s another matter. Ray Dalio, CEO of...