As Anxious-August Looms, One Trader Explains Which Way Markets Are Leaning

Whether it’s the “storm” of news this week, or August’s anxiety strewn wasteland of low liquidity, high potential chaos events, former fund manager and FX trader Richard Breslow warns, “markets are beckoning traders to come out and play” and as we wait with bated breath to see what happens, here is which way markets appear to be leaning in anticipation…

via Bloomberg,

The most glaring marker is that global bond yields all look like they want to test higher. more

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Goldman Slams Tesla: “Customer Enthusiasm For Model 3 Is Waning”

One month ago, following the latest negative note from Goldman’s auto analyst David Tamberrino, Elon Musk decided to take it personally and in a leaked memo to his employees, said that Goldman is “in for a rude awakening 🙂

With Tesla stock sliding 15% since then, it is not exactly clear who has had a more rude awakening, the bulls or bears, but in having kept silent for the past month, Goldman (which has a Sell reco and a $195 PT on TSLA), has come out with another negative note on Tesla, just two days before Tesla’s

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Caterpillar Surges After Reporting Record Earnings, Boosting Guidance

When it comes to industrial and global growth bellwethers, few companies are as closely followed as Caterpillar, and in a time when traders are especially concerned for the outlook facing the industrial sector as a result of rising tariffs and escalating trade wars, many traders were especially interested in today’s CAT earnings and whether, gasp, the company would reference another “high watermark.

Turns out they had little to be worried about, in what has been one of the best earnings reports released in company history when moments ago, CAT reported Q2 earnings that beat on the top and

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Futures Flat As Global Stocks Slump To Start Torrid Week

A “storm of news” may be coming this week ahead of the start of summer vacation season, but the overnight session has been surprisingly quiet, with the BOJ’s bond market intervention – the 3rd in the past week – the most notable event so far.

“It’s been a somewhat slow start, but not surprising given the action-packed week that lies ahead which includes the BOJ, BOE, Fed, global PMI data, NFP,” said Oanda’s head of APAC trading, Stephen Innes. “Indeed, central bank policy is back at the forefront of market discussions and particularly the BOJ rate decision and outlook report

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Why Americans Are About To Experience Sharply Higher Prices

A few weeks ago, SocGen asked what is arguably the most important question relating to the global trade wars: are tariffs inflationary or deflationary? While there were various nuances, its conclusion was simple: “Inflationary short term, disinflationary medium term.

It appears that the “short-term” part has now arrived, because after several rounds of tit-for-tat tariffs and retaliations between the US and China, American consumers are about to be hit with sharply higher prices as tariffs on industrial metals put pressure on U.S. manufacturers.

In May, President Trump imposed steel and aluminum tariffs on the EU, Canada, and Mexico

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Is The US “The Worst Place In The World To Give Birth”?

Authored by Andrea Germanos via,

A new USA Today investigation offers a searing indictment of maternal care in the United States, and says the country “is the most dangerous place in the developed world to give birth.” more

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“Urban Jungle At Night”: Amsterdam Police Powerless To Stop Late-Night Mayhem 

“Scooters race against traffic or through pedestrian areas. There is shouting, thefts, and poo on the streets. There is violence.” -Arre Zuurmond

After turning a blind eye to rampant drug use and out-of-control tourists, Amsterdam’s Red Light District hs become an “urban jungle at night,” according to city ombudsman Arre Zuurmond. more

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Western Collapse… Scapegoating Trump & Putin

Authored by Finian Cunningham via The Strategic Culture Foundation,

Former US President Barack Obama was in South Africa last week for the centennial anniversary marking the birth of the late Nelson Mandela. Obama delivered a speech warning about encroaching authoritarianism among nations and the “rise of strongman politics”. more

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