
The Monday Mix: July 15 – 21, 2019
Headlines discussed at LNWM’s Monday morning briefing:
— Iran captured a British tanker, and seized and released another one, escalating tensions with the West; oil prices moved higher.
— US industrial output fell during the 1st half of 2019, and manufacturing activity here and abroad is also on the decline.
— Futures markets are indicating a 76% chance Fed will lower interest rates by 25 points end of July; 24% chance for 50-point cut.
— Some $13 trillion in foreign government debt now has negative yields, boosting the appeal of gold, whose price is near 6-year highs.
— President Trump threatened more tariffs against China and 2nd quarter earnings at US banks disappointed; stocks fell from record highs.
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