Next week starts the central bank symposium in Wyoming; this means that every word, every line will be scrutinized to the tenth power.
The markets will bounce up and down like a yoyo after comments released make new headlines.
Much speculation on Fed actions; aggressive, passive or other unexpected approaches in handling this already boring topic.
If you thought food costs were at their highs, think again, farmers have been forced to plow their fields as severe drought conditions persist, not allowing crops to grow.
The reality of this terrible situation for the farmers and obviously, the consumers are long-lasting high prices.
The problem extends across the pond, nobody has a chance to escape the early impact of climate change.
The stock market continues to offer mixed signals but, in general, has performed rather well lately.
It’s at a resistance level technically but after such a devastating first half of the year, this short-term rally has been welcomed by many investors.
If you notice, consumers are still out a bought, buying products, and going out to dinner; there is more of a statistical fear than a real fear in the economy.
Enjoy your life to the fullest.
Short-term: Headlines are your buying opportunities.
Long-term: Fundamentals are your guide.
Much success to all.
London – Singapore – United States Canada
Australia – China – Switzerland
Brinks – IDS – Loomis – The Perth Mint