Just a quick early morning heads-up. Looks like a big reversal in recent trends. Note that the dollar strengthened overnight and gold’s having its first big sell-off in over a month to below $1400. These “on-again” / “off-again” trade talks are creating whiplash among some investors.
SYDNEY (Reuters) - “Stocks rallied and bonds retreated in Asia on Monday as a thaw in the Sino-U.S. trade dispute averted one threat to the global economy, leading investors to pare wagers on aggressive policy easing by the major central banks. ... The dollar firmed modestly on the safe-haven yen as Treasury yields rose and futures reined in bets for a half-point rate cut from the U.S. Federal Reserve this month. ... Chinese blue chips climbed 2.1% to their highest since late April. E-Mini futures for the S&P 500 rose 0.8% and FTSE futures 0.5%. ... Treasury futures slid 10 ticks as yields on 10-year notes edged up 3 basis points to 2.03%. ... Oil prices sprang higher on news OPEC and its allies look set to extend supply cuts at least until the end of 2019 as Iraq joined top producers Saudi Arabia and Russia in endorsing the policy. Brent crude futures rose $1.27 to $66.01, while U.S. crude gained $1.19 to $59.66 a barrel.” https://www.reuters.com/article/us-global-markets/stocks-relieved-at-trade-truce-bonds-step-back-idUSKCN1TV10G?il=0
Comments
Not enough capital left to place new trades although have little div come in today
Probably add more EEM and emergent market since they are still little cheap compared to Sp500 dows
Just fullstream ahead 80/20 distribution in 401k-tsp
For momy portfolio added more Fbnd
Thx