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Archive Monthly Archives: April 2018

Dow Plunges 600, Global Markets Tank After China Retaliates In All-Out Trade War

So much for yesterday’s Amazon bounce. Just before 4AM EDT, a Bloomberg headline hit which has not only unleashed a furious global selling wave, sending the S&P lower by nearly 2% and the Dow 600 lower, but may have changed the course of history: that’s when China announced it was striking back  in the ever […]

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ADP Reports "Rip-Roaring" 241,000 Jobs Added In March

“Late-cycle” or not, the US jobs market – according to ADP – is firing on all cylinders as for the fourth month in a row, employment rose over 200k (+241k in March vs +210k exp). Mark Zandi, chief economist of Moody’s Analytics, said, “The job market is rip-roaring. Monthly job growth remains firmly over 200,000, […]

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Why China's Soybean Tariff Changed Everything

While markets are being somewhat drama queen-ish this morning, China’s trade war retaliation was telegraphed well in advance, and as we reported nearly two weeks ago, “China About To Launch “Tens Of Billions” More In Tariffs.” As such it should not have come as a surprise that China did just that overnight, when it announced […]

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Peter Schiff Warns 'Deep State' Unafraid To Crash The Market On Trump's Watch

Authored by Mac Slavo via SHTFplan.com, The S&P 500 closed down more than 2.4% Monday and the broad market index posted its worst April start since 1929.  This slide in the markets caused the worst start since the Great Depression, sparking fears we are on the same path. The Dow Jones industrial average fell 1.9 percent (or […]

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UK Foreign Office Denies Claiming Russia Responsible For Nerve Agent, Deletes Tweet

Update: It appears that either the British government can’t keep its lies and proof-less accusations straight or something far more nefarious is at play. Following headlines (below) that British government scientists admitted they couldn’t tell where the poison – identified by the UK as A-234, also known as Novichok, used in the Salisbury poisoning of […]

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Liquidation Panic Fades, Futures Rebound As Tech, Trade Turmoil Eases

Global trade concerns and the “tech wreck” remained the focus as European markets reopen from Easter break, however the selling turmoil that sent the Dow tumbling as much as 700 points on Monday has eased off with S&P futures set for a gentle rebound, if still below the 200DMA of 2,590… … as Asian benchmarks […]

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In Watershed Move, GM Switches Reporting US Sales From Monthly To A Quarterly Basis

In a “watershed” move that has industry watchers scratching their heads, and which will ripple throughout the auto industry, General Motors announced that it is ending a 25-year practice and switching its reporting of U.S. auto sales from monthly to quarterly, effective immediately, in “an effort to give a more accurate view of its business […]

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Trump Threatens To End NAFTA, Foreign Aid Unless "Immigrant Caravan" Is Stopped

For the third time in less than a week, Trump has sounded the alarm about the “huge caravan” of Latin American immigrants traveling through Mexico unobstructed by local authorities, and seeking asylum at the US border. Previously, Trump used the caravan as an example of why his border wall needs to be built and also […]

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Frontrunning: April 3

Tech Selloff Hits Europe and Asia (WSJ) Dollar shrugs off U.S.-China trade tensions; euro gives up gains (Reuters) China to Respond to New U.S. Duties With ’Same Scale, Intensity’ (BBG) Facebook Data Scandal Has Left Zuckerberg Isolated in Tech (BBG) Teslas Don’t Have Black Boxes, Making U.S. Crash Probes Harder (BBG) Tesla’s $10 Billion Debt […]

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"How Can I F**k With Him": Inside Trump's War With Bezos And Amazon

Amazon shares shed another 5% during Monday’s tech-led market rout, after Trump renewed his attacks on the company and its owner, Jeff Bezos, whom he’s accused of transforming the Washington Post into his personal propaganda outlet and demanded that it register as a lobbyist. In a flurry of tweets, the president claimed that anybody who […]

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