Chris Temple kicks off today by discussing where we stand with Brexit and just how far it could continue to get pushed back. We also look at the earnings picture in the US especially when it comes to the banking sector. Finally a couple comments on the ECB and Fed to wrap up the big picture.
Joel Elconin, Co-Host of The Benzinga Pre-Market Prep Show joins me to chat about the market moves over the past few trading sessions where money has been rotating back into the US markets. We start with the pop in bank stocks today and the overall narrative from some central banks discussing higher long term rates. We wrap it up with comments on the earnings seasons that is just kicking off.
Joel Elconin, Co-Host of the Benzinga Pre-Market Prep Show joins me to outline a set up for the US markets that could push the major indices to all time highs. We also look at the banking sector which has been lagging for a couple good reasons.
Chris Temple, Founder of The National Investor joins me today for a wide ranging discussion on how the trade war is pushing China into signing it’s own trade deals. This would set up a completely different world in terms of trade, banking, and currencies. Some of the topics discussed are the possibility of a Petro-Yuan and comparing the banking systems in China, Europe, and the US.
I will be traveling the rest of today so posting will light.
Ed Moya, Senior Market Analysts at OANDA joined me today to discuss the start of earnings season with some of the bank earnings released today. With markets continuing to be quite muted the focus is still on what the Fed will do and how the overall trade situation will play out.
Allison Ostrander, Director of Risk Tolerance at Simpler Trading shares her thoughts on what to expect in shortened trading week and looks into the financial sector. With all the banks passing the stress test and declaring around $100billon worth of dividends this send a bullish sign to investors. However the continued threat and expectation of lower interest rates this is typically negative for banks. Something to balance out for investors.