Smart Analysis with Greg McKenna – July 22 2019

Key Takeaway I’ll talk more about the Fed below and their ham-fisted misdirection of markets through the speech by New York Fed President John Williams late last week. To say that Jay Powell hasn’t been the best communicator as Chair is no understatement but the misstep from Williams last week is a whole other level. In the end markets are betting on a 25…

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Smart Analysis with Greg McKenna – July 15 2019

Key Takeaway What a week. New record highs for US stocks, Fed chair Powell promising rate cuts and belting the Fed's own Phd's over the head by saying rates aren't as accomodative as their models suggested, US inflation a little (smidge) higher than expected, and Iran's belligerence rathcheting up tensions in the Gulf and thus oil markets. We've had signs the trade talks are…

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Smart Analysis with Greg McKenna – July 8 2019

Key Takeaway Last week was a very interesting one. Certainly we got new highs in US stocks which exercised their tractor beam on global bourses. But it was accompanied by a generalised rally in bonds which would normally be a recation to a weak economy and so could undermine stocks very rally. That it didn't is testament to the power of the hope -…

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Smart Analysis with Greg McKenna – July 1 2019

Key Takeaway Hope springs, or at least that's my bet this week after the breakout of trade War glasnost at the G20 meeting in Japan over the weekend. It means we can largely ignore, but not entirely the moves last week.  The reason I say not entirely is because with bonds right on support, stocks having held support, gold reversing sharply, and the DXY…

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Smart Analysis with Greg McKenna – June 24 2019

Key Takeaway Fear, panic, hope. They were all felt in some measure by traders and investors in different markets over the past week. It's a very fluid point in time for global finance right now as we head toward a crucial G20 meeting where we can either see an escalation or relaxation of the current trade war between the world's two biggest economies.  At…

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