Morning News: July 18, 2018

China Says U.S.-Led Trade War Has Become Biggest ‘Confidence Killer’ for World Economy Fed’s Powell Says A Long Trade War Could Hurt U.S. Economy Bernanke, Geithner, Paulson Voice Some Concern About Next Crisis Crude-Oil Caution: Volatility Ahead How Does Netflix’s…

Three Key Trends

Three Key Trends

There are three key trends impacting the markets right now, and they’re all related. 1. The long-end of the yield curve is flattening. 2. The dollar is rising. 3. Gold is falling. Now for some charts. Here’s the spread between…

Powell’s Testimony

Fed Chairman’s Jay Powell testified today before Congress. Here are some highlights: Since I last testified here in February, the job market has continued to strengthen and inflation has moved up. In the most recent data, inflation was a little…