In economic terms the score is 1-0 for China against the USA! Tonight again a much better than expected Caixin Purchasing Managers Index from China (services). Today the ISM Index from the USA will give a good comparison of the economic situation in the USA! Most recently, the ISM Index Industry in the USA shrank four times in a row – unlike in China. Have the US already passed its cyclical high? US equity markets have outperformed markets in other regions of the world by more than 100%. Bond guru Jeff Gundlach says that this could now be reversed in a downturn. Today also the NATO summit is in focus. Will Trump again move the markets strongly with his statements?
A new study by the New York Fed shows that it’s not China’s companies that pay the cost of punitive tariffs, but US companies (and to a lesser extent US consumers)! This is in direct […]
Despite rising equity markets, the price of oil yesterday broke out of its slightly upward sideways zone. It fell after Russia refused to cut production in winter. But the price of oil is a key […]
Are ETFs responsible for sucking liquidity out of the equity markets? It is precisely on these US stock markets that trading volumes are currently falling dramatically. It could soon become a major problem! But what […]