Week In Review – August 3

Summary

  • Turkey still getting hammered across the board, and now in a pissing match with the U.S. over the detention of Pastor Andrew Brunson
  • The Italian Treasury was in supporting its bond market after a sharp sell-off over budget fears
  • The dollar is showing strength with the Dixie closing above 95. Having a tough time cracking 95.5 but we expect a breakout coming soon
  • Chinese stocks took a hammering with Shanghai now down over 17 percent YTD.  Prevailing meme China losing trade war.  Laughable
  • FAANG bounced on Apple’s market cap  surpassing 1012 dollars
  • The VIX closing in on a ten handle during the Dog Days of Augie
  • Timber again for Lumber

Commentary:  None.  Keeping it tight, don’t like it, and going to the beach.  Political risk is rising and not priced.  Rome is burning, again, with one of the fires caused by a flat tire.

 

Week_Chart_2

 

 

Week_Chart_1

Week_2018_ETFs

 

Week_Table

This entry was posted in Uncategorized, Week in Review and tagged , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.