🧐 Guess What?

By Hoda Mehr Thu, May 9, 2019

Good Talks Thursday? Is today the day China concedes to Trump? The stock market is closing monitoring the situation and the possible trade war that’s developing. Both sides are providing contradicting statements so it is hard to tell if Trump’s threat to increase tariffs on Friday will actually happen. Most likely this drama will continue, but we shall see.

Grow Baby, Grow. One of the biggest surprises this year has been how key global economic data keeps showing signs of growth. The U.K. is expected to announce today positive GPD news despite all the escalating Brexit drama. This positive news could spur a faster agreement on Brexit and shows continued growth which we all know the bulls love.

• Bonds: The Bond Markets just sent a scary message. Apparently there was a huge 10-Year bond auction ($27 Billion to be exact) that didn’t go well. The U.S. 10-Year bond is the world’s benchmark security and the fact that the auction was lackluster is leaving a lot of people with questions.
• U.S. Markets: The markets have been mixed and highly sensitive to the China Trade negotiations. Friday is the big day where a lot of hype should either come to a head or fizzle out.

CHINA AND TRUMP IN A CAT FIGHT… DRAMA, DRAMA, DRAMA 

The drama between Trump and China is heating up. China threatens to get even with the U.S. if the President follows through on his threat on Friday. It’s hard to tell if anything will actually happen as both sides are reporting conflicting stories.

Trump is touting the possibility of deal… while China is threatening to retaliate. One could argue that Trump is making claims of a possible deal to help stabilize the stock market.

I guess we shall see if Trump really has mastered the Art of the Deal or if he’s blowing smoke in efforts to keep feed the bulls.

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It’s a weird time to be a gold (GLD) bug. After 2011, when gold prices finally cooled off after reaching all time highs, Gold has been in a relatively tight range between the high $1300s to low $1100. The players in the gold industry it’s been especially difficult and it appears the industry is ripe for consolidation.

However, this time it’s going to be different.

A wave of consolidation is coming in the gold mining industry, but don’t count on buyers overspending on assets, B2Gold Corp. according to Chief Executive Officer Clive Johnson.

In a nugget, I mean nutshell… companies during the hay day (before 2011) were paying top dollar for assets in a rush to ramp up output. Now companies are forced to cut costs to survive. Hence the industry being ripe for consolidation.

This could be an early precursor that gold is set to rally just in time for consolidation.

WHY IS EVERYTHING SO QUITE? 

When things in life that are normally loud all of a sudden become quite things immediately become spooky. That’s what’s happening in the currency markets and I am not sure we are going to like what happens.

The JPMorgan Global FX Volatility Index was at 7.01 on yesterday, down from 9.36 in early January. What does this mean… to put this in context the gauge has rarely been lower since before the financial crisis.

So what does this says according to this article on Bloomberg is that this could be a sign of more flash crashes and less overall market recession.

• OIL: The Energy Information Administration said domestic crude inventories shrank by almost 4 million barrels last week. This is another sign that global supplies are shrinking and could cause prices to continue to climb.

WHOA… LOSING A BILLION DOLLARS IS A LOT RIGHT?

So apparently Donald Trump likes to take huge risks and they don’t always work out. Dominating news headlines again, Trump’s Tax Returns have pieced together and it shows he lost over $1Billion over a 10 year period. Trump is defending the lost calling it “sport” while others are calling him a charleton.

Where do you stand on Trump losing Tax Returns?

Do you believe this is part of the journey of a successful entrepreneur or do you believe this is another smoking gun that points to Trump being not all that he says he is?

About the Author

The authors of this Scoop are the editorial team at Stock Card, led by Hoda Mehr. Hoda Mehr is CEO and Co-founder of Stock Card and the host of Renegade Investors podcast. She runs a community of 40,000 stock market investors and manages Stock Card's successful flagship portfolio, Roll with Our CEO, on Stock Card Portfolio Store. Hoda is an Economist with an MBA from Concordia, John Molson School of Business. She applies behavioral economics, data journalism, and storytelling to all aspects of her work. Before starting Stock Card, Hoda worked as a strategy and insights lead at technology companies including Symantec, Aimia and Sony. Create a free account to do your stock market research easily and mistake-free: Stock Card Stock Card