The S&P 500 set a record high close at 2,965 points. This is of course on the heels of the US/China trade “truce.” There wasn’t much news here, but the markets are driven by headlines and a truce is better than a further escalation so the markets took a big sigh of relief. Now we know that neither side is in any hurry – so it’s anyone’s guess as to how long this trade war/truce will last. What we must be mindful of as The Kapital News has been stating for some time now, is if and when the Chinese start to become more vocal in the media about the progress or lack thereof regarding trade negotiations. If the President of the United States and his White House make positive remarks, like they have over the course of the last several months, but are now countered by Chinese rhetoric, whom will the markets believe? This is a serious question and as we have predicted, the Chinese are starting to make comments. Check out this episode!
At the G-20 meeting in Japan later this week, global leaders from the world’s largest economies are set to make headlines. Front and center will be the get-together between President Trump and President Xi. In the midst of an escalating trade war, the two leaders are finally set to meet to size each other up. What will transpire is anyone’s guess, but the markets are hoping for good news so that stock prices can continue to rally. The Kapital News isn’t so certain of any good-to-great news other than President Trump likely tweeting or commenting that things are “great.” Well, we’ve heard this song and seen this dance before, so forgive us if we don’t take the President at his word on this one anymore. Both nations have much to gain and much to lose. However, we are talking about two world leaders that like to exude a “strong-man” figure, so it’s unlikely that either will cave-in to the other’s demands easily. Escalation? Truce? Or deal? We’ll soon find out – stay tuned to The Kapital News.
Political investigations, nuclear bombs, and failed negotiations. Just a few regular stories for a world spinning in multiple directions. At least the Spring is on its way!
The 3-ringed circus continues in DC with a public hearing of Trump’s former lawyer and “fixer,” Michael Cohen. Despite attempts at peace and prosperity with the North Koreans and escalation between India and Pakistan – the most important story is the 3-ringed circus.
Ep. 16A - Trump-Kim Round II + Brexit: Another Referendum?
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President Trump is set to meet with North Korean Leader, Kim Jong-Un. Will this relationship translate into peace and prosperity – let’s all hope. This would be a great thing for the world. In a blow to the people’s vote – is the UK setting up for a 2nd referendum?
