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Weekly Market Pulse: The Pursuit of Happiness
The unanimous Declaration of the thirteen united States of America, When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature’s God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation. We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, ... (full story)
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From mohamedelerian.substack.com | 11 hr ago
Despite the World Cup and a shortened week due to the US Independence Day holiday, last week delivered a slew of interesting economic data and market action. The overarching themes were a cooling of the US labor market, which helped moderate recent rate-hike fears, mixed legal judgments regarding the outlook for Federal Reserve independence, and further ...
From ig.com | 4 hr ago
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Oil prices have fallen back to where they were before the war. That in and of itself is remarkable - weve blown right through the $80-90 range Id anticipated as a holding point for at least a few weeks - and stems from the incredibly rapid normalization of oil tanker traffic through the Strait of Hormuz. Factoring in Saudi and UAE pipelines, supply of oil ...