The melt up continued in risk markets until late Friday morning, when a post of Mr Trump's Truth Social website reported that the U.S. would impose additional 100% tariffs on Chinese imports into the U.S. starting Nov 1st because of further restrictions by China on their export of critical earth minerals. In any event, this one way trajectory up needed a pause. Monday will be interesting!

U.S. stocks hit record highs mid-week for two days running, but softened after worst-than-expected PPI data and eroding consumer confidence, released Thursday and Friday, put a dent in the animal spirits driving risk assets higher. UST yields rose, remaining stubbornly high and not very connected to what the FOMC might or might not do at the next FOMC meeting.

President Trump has been in the Middle East this week with a contingent of US business leaders and his finance / economics team, cutting...

The week started with the Trump Administration announcing tariffs on Mexico, Canada and China, the first two of which were quickly rescinded

US stocks and gold hit more record highs. S&P 500 earnings mixed: banks strong, chip companies mixed, luxury struggles.

CPI slightly hotter than expected, and earnings off to a good start. Yields continue to back up, US stocks at record high close.

Risk remains asymmetrical to the downside, but a robust US jobs report cheered risk investors on Friday and sent UST yields sharply higher.

2023 was an amazing year for nearly all traditional asset classes around the world. Can this carry-on? This article covers my thoughts.

2022 has been an abysmal year for most indices and asset classes globally, with the exceptions being oil, gold and the FTSE 100. Now what?