Bloomberg (October 10)
“Betting against the dollar has been the dominant trade this year in the $9.6 trillion-a-day foreign exchange market, but the wager is starting to stumble. The world’s primary reserve currency is around a two-month high even as the US government shutdown drags on, and traders in Asia and Europe say hedge funds are adding options bets that the rebound versus most major peers will extend into year-end.”
Tags: $9.6 trillion, Asia, Dollar, Dominant, Forex, Government, Hedge funds, Market, Options bets, Rebound, Reserve currency, Shutdown, Stumble, Trade, Traders, Two-month high, U.S.
Barron’s (August 22)
“The stock market snatched victory from the jaws of defeat this past week, thanks to a surprisingly dovish Jerome Powell.” Last week, fear had taken over. “Artificial-intelligence fever had turned into AI flu, causing Nvidia stock to drop for three consecutive days and the rest of the Mag Seven to stumble. Then, Federal Reserve Chair Jerome Powell’s speech at Jackson Hole suggested he was leaning toward a September interest-rate cut, sending stocks roaring back.” A strong earnings report from Nvidia could provide the catalyst to fully bring “those sputtering animal spirits should roar back to life.”
Tags: AI flu, Defeat, Dovish, Earnings report, Fear, Fed, Interest-rate cut, Jackson Hole, Mag Seven, Nvidia, Powell, Stock market, Stumble, Victory
Bloomberg (March 2)
“European Central Bank officials confronting faster-than-expected inflation might also wonder if this is just the last stumble before their 2% target looms large. While the 2.6% outcome for February released on Friday — and a still-stubborn 3.1% result for the so-called core measure — present grounds for caution, the downward momentum in consumer prices is getting harder to ignore.”
Tags: 2% target, Caution, Consumer, Core measure, Downward, ECB, February, Inflation, Momentum, Outcome, Prices, Stumble
Washington Post (January 3)
“At this moment in time, Kim Jong Un is acting like a more mature person than the president of the United States…. It looks more and more dubious that Trump’s national security advisers know how to persuade him not to stumble his way into a conflict with North Korea. And Trump’s inability to coerce North Korea into giving up its nuclear weapons will only cause him to make even more outlandish threats.”
Tags: Advisers, Conflict, Kim, Mature, North Korea, Nuclear weapons, Outlandish, Stumble, Threats, U.S.
