Ep. 103B – The Week Ahead: 08.05.2019

The Kapital News
The Kapital News
Ep. 103B - The Week Ahead: 08.05.2019

Lots to discuss, but first, our thoughts and prayers are with those who suffered needlessly in both El Paso, Texas, and Dayton, Ohio over the weekend in two separate mass shootings. There is no excuse for these acts of cowardice and evil and the nation truly has to come to grips with this problem that seems to happen much too frequently. On the global front, we have Asian markets continuing to sell-off as the escalation between the US and China has just taken another step, as Beijing has asked state-owned companies to halt their purchases of US agricultural products. This will add further strain to the negotiations and it can be said that the short-lived trade truce is over. Also, recall that last week President Trump called for 10% tariffs to be placed on an additional $300 billion worth of Chinese goods. We also have escalation between the Japanese and the South Koreans regarding their trade related issues. The protests in Hong Kong are continuing with Hong Kong leaders recently saying that the protesters are pushing Hong Kong to the brink. Recall that there is no Federal Reserve meeting this month, nor will Congress be in session since they are on vacation. This means that markets are without “guidance” from policy makers as to how they will respond to the above news. We said August was going to be an interesting month, and it appears it’s already shaping up to look that way. Stay diversified, stay vigilant, and stay with The Kapital News. #Recession #EndTheFed #WakeUpAmerica

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