As I write this, the market is officially in correction territory, with the S&P 500 off 14.5 percent from its all-time close on February 19. It took only six days, in fact, for the S&P to fall 10 percent from its high into a correction—a new record, according to data from Deutsche Bank Global Research.
Looking for Buying Opportunities After the Historical Selloff Read More »
U.S. factories rebounded strongly in February, suggesting the manufacturing recession may finally be behind us after the industry contracted for six straight months. The Philadelphia Fed Manufacturing Index jumped an incredible 20 points to 36.7, its highest reading since May 2017, while New York’s Empire State Manufacturing Survey rose more than eight points to 12.9, a nine-month high.
Investors Are Piling Into Safe Havens on Coronavirus Fears Read More »
The number of confirmed infections of the coronavirus in mainland China crossed above 24,000 on February 5, having already surpassed the total number of severe acute respiratory syndrome (SARS) cases from 2003
Putting the Coronavirus in Perspective: Hong Kong and Chinese Stocks Read More »
Before the coronavirus struck, 3 billion trips were estimated to take place during the 16-day Chinese New Year celebration, while some 79 million passengers were expected to take flights.
New Beginnings With the Year of the Rat Read More »
Another year, another Thanksgiving. I hope all of my American friends and readers had the chance to spend some quality time with family as we begin the busy holiday shopping season.
Need-to-Know Numbers You Might Have Missed Last Week Read More »
It’s hard to believe now, but the very first Singles Day in 2009 generated only about $7 million for Chinese mega-retailer Alibaba. No one could have guessed then that, 10 years later, the 24-hour shopping event would see that sales figure surge to an all-time record of $38.4 billion, an unbelievable multiple of 5,471.
China’s Ultra Wealthy Are Dominating the Global Luxury Market Read More »
As the People’s Republic of China (PRC) celebrates its 70th anniversary, manufacturing data shows that factories in the world’s second largest economy improved marginally in September, despite the impact of the ongoing U.S.-China trade war.
70 Years Later, China’s Factories Show No Signs of Slowing Read More »
Way back in January, I showed you that the price of gold had beaten the S&P 500 Index over a number of different time periods, including the month, quarter, year… and even the century (so far!).
Look Which Precious Metal Is Beating Warren Buffett… Read More »
Beginning in 2010, central banks around the world turned from being net sellers of gold to net buyers of gold. In 2019, official sector activity declined 1 percent from the year prior, with central banks adding 650.3 tonnes.
Top 10 Countries with Largest Gold Reserves Read More »
The trade war between the world’s two largest economies entered its 18th month in September with the U.S. imposing fresh 15 percent tariffs on $125 billion worth of goods imported from China.
Chinese Factories Beat Expectations as U.S. Manufacturing Lagged Read More »
