Assad’s Fall After 24-Year Rule Creates Power Vacuum in Middle East…
What Does It Mean – The recent fall of Bashar al-Assad has significantly destabilized the Middle East. Rebel forces, capitalizing on weakened Iranian and Russian support, have gained substantial ground. Assad’s departure to Russia underscores the regime’s vulnerability. The power vacuum has intensified regional tensions, with neighboring countries bracing for potential spillover effects. The geopolitical landscape is shifting, as alliances and power dynamics are re-evaluated. The situation remains fluid, with the potential for further conflict and humanitarian crises. The international community faces challenges in addressing the ensuing instability and its broader implications for global security.
China Signals Bolder Stimulus for Next Year as Trump Returns…
What Does It Mean – China’s leadership has shifted its monetary policy stance for the first time since 2011, adopting a “moderately loose” strategy to counter deflationary pressures and stimulate economic growth. This change, driven by the Politburo, aims to implement a more proactive fiscal policy. Recent data indicates persistent deflation, with factory prices declining for 26 consecutive months and slow consumer price growth. The upcoming Central Economic Work Conference will outline economic targets and stimulus plans for the next year. This policy shift reflects China’s response to internal economic challenges and external geopolitical uncertainties.
Trump Tells NBC He Has No Plan to Remove Powell as Fed Chair…
What Does It Mean – President Trump confirmed he has no plans to replace Jerome Powell as Federal Reserve Chair, despite previous criticisms. Powell, appointed by Trump in 2018, has faced scrutiny over his handling of interest rates and monetary policy. Trump’s decision to retain Powell aims to maintain stability amid economic uncertainties. Powell has indicated he will not resign if asked, emphasizing his commitment to the Fed’s goals. This stance reflects a broader strategy to ensure continuity in the Federal Reserve’s leadership and policies during a period of economic volatility.
Bond Traders See Inflation Data Key to Timing Next Rate Cut…
What Does It Mean – Bond traders are closely monitoring inflation data to gauge the likelihood of the Federal Reserve’s next rate cut. Recent economic indicators suggest persistent inflationary pressures, complicating the Fed’s decision-making process. Traders are divided on the timing of the rate cut, with some expecting it in early 2024, contingent on upcoming inflation reports. The Fed’s data-dependent approach underscores the importance of inflation metrics in shaping monetary policy. Market expectations reflect a cautious outlook, balancing between economic growth and inflation control. The evolving economic landscape necessitates careful analysis of inflation trends to anticipate the Fed’s policy adjustments.
Cryptocurrency entrepreneur who bought banana art for $6.2 million eats the fruit in Hong Kong…
A cryptocurrency entrepreneur who bought a piece of conceptual art consisting of a simple banana, duct-taped to a wall, for $6.2 million last week ate the fruit in Hong Kong on Friday.
Chinese-born Justin Sun peeled off the duct tape and enjoyed the banana in a press conference held in The Peninsula Hong Kong, one of the city’s priciest hotels, in the popular shopping district of Tsim Sha Tsui.
“It tastes much better than other bananas. Indeed, quite good,” he said.
“Comedian,” by Italian artist Maurizio Cattelan, was a phenomenon when it debuted in 2019 at Art Basel Miami Beach, as festivalgoers tried to make out whether the single yellow piece of fruit affixed to a white wall with silver duct tape was a joke or a cheeky commentary on questionable standards among art collectors.
Last week, Sun, founder of cryptocurrency platform TRON, made the winning bid at the Sotheby’s auction in New York. Or, more accurately, Sun purchased a certificate of authenticity that gives him the authority to duct-tape a banana to a wall and call it “Comedian.”
“When the facts change, I change my mind.
What do you do?” ~ John Maynard Keynes
Our plan is “the plan will change.”
What is your plan?
Relative strength measures the price performance of a stock against a market average, a selected universe of stocks or a single alternative holding. Relative strength improves if it rises faster in an uptrend, or falls less in a downtrend. It is easily applied to individual positions in your portfolio and to sectors and asset classes.
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