Trump speech
Concerns About AI Taking Center Stage
July 17, 2026
With wars in the Middle East hopelessly stalemated and central bankers proceeding with caution in responding to elevated energy prices and geopolitical uncertainty, the world financial community has turned its attention to Artificial Intelligence for fresh material from which to react. What investors see has created alarm: enormous business spending to build data centers intended […] More
Trump Speech, Lutnick’s Scoop, and Across-the-Board Large Rise in Long-Term European Interest Rates
March 5, 2025
President Trump’s speech to a joint session of Congress last night lasted 99 minutes (a multi-decade record) but was predictable for the most part. The element of policy surprise was leaked by Commerce Secretary Lutnick, who indicated that 25% tariffs imposed against Canada and Mexico could be scaled back soon, depending on the result of […] More
Worst Day Yet
March 12, 2020
Ironically on the one-month anniversary of the DJIA record high close, financial markets have experienced a calamitous session, and the catalyst for intensifying chaos was President Trump’s prime-time speech last night on the coronavirus pandemic. The tally of global cases stands now at 129,296 with 4,749 dead so far. Equity markets fell today by 11.7% […] More
U.S. Monetary Tightening Fever Lifts Dollar, Stocks and Sovereign Debt Yields
March 1, 2017
Last night’s speech by President Trump did no harm but lacked the details that investors were hoping to learn. No more is known about what will replace the Affordable Care Act, or how increased government spending will be financed. Trump was less contentious, but any relief could quickly dissipate today after the new immigration policy […] More
Brexit Worries Depress Sterling Against Euro
February 27, 2017
Sentiment toward Euroland was buoyed by French opinion polls and February economic sentiment data. Emmanuel Macron’s voter support in France improved. The final round of France’s presidential election is likely to pit the centrist Macron against the populist anti-EU National Front candidate, Le Pen. Economic sentiment in the euro zone edged 0.1 point higher to […] More
Stocks, Bond Yields and Dollar Down But Gold Strengthens Further
February 24, 2017
Investors turned cautious as the third full week of February wound down. The dollar has lost 0.4% against the Aussie dollar, 0.3% relative to the yen and euro and 0.2% vis-a-vis the Swiss franc. The yuan, loonie and sterling are unchanged against the greenback. Share prices fell 1.0% in Hong Kong, 0.7% in Singapore, 0.6% […] More
