Donald Trump is set to impose tariffs on steel, regardless of potential retaliatory actions:
Bloomberg
China indicates it will have a “necessary response” to the upcoming US trade tariffs:
Guardian
Europe is preparing to retaliate should the US proceed with its trade tariffs:
NY Times
The US government is cautiously considering North Korea’s offer for reconciliation:
Reuters
South Korean officials are traveling to the US to update Trump on meetings with North Korea:
CNN
According to ADP, the US private sector added a remarkable 235,000 jobs in February:
USA Today
Consumer credit growth has slowed to its lowest level in four months:
Bloomberg
The US trade deficit has widened to its most significant gap in over nine years:
WSJ
The Federal Reserve’s Beige Book reveals ongoing positive growth alongside increasing inflation:
MarketWatch
The SEC mandates that cryptocurrency exchanges must be officially registered:
LA Times
US productivity remained unchanged in the fourth quarter, with labor costs on the rise:
MarketWatch
The futures market continues to anticipate a substantial likelihood of a rate hike on March 21:
CME
Recently, I explored the utilization of
style analysis
for replicating investment strategies and indices solely through historical returns.
(See
here,
here,
and
here).
While this application is powerful, it merely scratches the surface of style analysis’s potential.
What additional uses does it offer? One possibility is tracking asset allocations through a diverse range of asset allocation funds.
Continue reading
North Korea’s proposal to halt nuclear testing is met with skepticism:
Reuters
Gary Cohn, Trump’s chief economic adviser, has announced his resignation:
NY Times
Analysts believe Cohn’s departure may lead to increased chaos within the White House:
Politico
The US is considering new restrictions on Chinese imports and investments:
Bloomberg
The competition between the US and China is increasingly focused on technology:
NY Times
Which US industries and companies might be affected by an impending trade war?
CBS
US factory orders fell in January, marking the first monthly decline in six months:
Reuters
China’s surge in debt is unprecedented in scale:
FT Alphaville
A report ranking the potential consequences of Trump’s tariffs on US states is available:
Brookings
This year, the US stock market has offered a tumultuous experience for investors. However, the momentum factor has consistently led performance within US equity factors, as reflected by a range of proxy ETFs.
Continue reading
The European Union has proposed a 25% retaliatory tariff on certain US products:
Bloomberg
Republican lawmakers are urging Trump to reconsider the proposed trade tariffs:
The Hill
North Korea announced an “agreement” with South Korea to foster dialogue:
Reuters
Washington has become the first state to enact net neutrality protections:
Medium
The ISM Non-Manufacturing Index slightly decreased in February:
RTT
The PMI indicates that US services sector economic activity reached a six-month high in February:
IHS Markit
Critics are voicing concerns regarding Fidelity’s choice to increase equity risk in target date funds:
Reuters
An aging rail tunnel into Manhattan poses a significant risk to the US economy:
Bloomberg
The Global All-Industry Output Index rose to a 41-month high in February:
IHS Markit
The previous week’s trading results were disappointing for all major asset classes except one, as evidenced by a selection of exchange-traded products.
US inflation-linked Treasuries saw a slight increase over the week ending March 2, while other asset classes faced losses.
Continue reading
A populist movement is brewing in Italy following the recent parliamentary elections:
Reuters
South Korean representatives are meeting with North Korean leader Kim Jong-un in Pyongyang:
BBC
Concerns are arising in China regarding the US aircraft carrier’s visit to Vietnam:
Time
Germany’s political deadlock is resolved as Merkel successfully forms a governing coalition:
Time
The IEA forecasts a surge in US shale oil production over the next five years:
Reuters
China has set its economic growth target at 6.5%:
Bloomberg
The US Consumer Sentiment Index dipped in February yet remains at its second-highest level in 14 years:
MW
Paul Krugman argues that new trade tariffs could drive the US inflation rate higher:
NY Times
Trillion-dollar budget deficits loom over the US for the foreseeable future:
CRFB
● The Truth Machine: The Blockchain and the Future of Everything
By Michael J. Casey and Paul Vigna
Summary via publisher (St. Martin’s Press)
Big banks are expanding, entrenching their influence. Privacy is fleeting, often compromised by hacks. Credit card fraud has become commonplace. Many legacy systems designed to simplify our lives and enhance economic efficiency are now outdated.
However, a revolutionary new operating system exists—the blockchain. In
The Truth Machine, Michael J. Casey and Paul Vigna clarify the complexities of blockchain technology and illustrate its ability to restore individual control over data, assets, and identities. They argue it can provide billions of people denied access to the global economy another chance, while restoring societal trust by shifting the balance of power.
Further disruption across industries such as finance, technology, legal, and shipping is also explored.
Continue reading
The recent fluctuations in markets have shaken investor confidence. However, for those with long-term perspectives, these lower prices can translate into greater expected returns. In light of this, let’s review two econometric tools that help assess bubble risk and determine bull/bear market phases.
Our inquiry seeks to address a crucial question: have these metrics been effective in mitigating risks by offering insights into potential market disruptions through concrete data?
My conclusion, while nuanced, is a resounding “yes.”
Continue reading
President Trump’s tariff announcements have sparked widespread criticism:
Politico
Economically, Trump’s tariffs are criticized for being fundamentally flawed:
The Atlantic
Concerns of a new trade war resonate throughout Asia:
Reuters
Russian President Putin has claimed the development of a new weapon that could exploit US vulnerabilities:
NY Times
US jobless claims dropped last week, reaching their lowest level since 1969:
MarketWatch
Consumer spending rose slightly as personal income increased in January:
AP
The ISM Manufacturing Index rose in February, nearing a 14-year high:
RTT
The US Manufacturing PMI dipped in February but remains near a three-year peak:
IHS Markit
Construction spending in the US stagnated in January:
Fox
A significant majority of Americans (70%) hold a favorable opinion of foreign trade:
Gallup
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