News 

Democrats signal aggressive investigations of Trump while resisting impeachment calls

“The documents were not provided at the time, but “this should change now that we are in the majority,” a Democratic committee aide said Sunday night” writes Felicia Sonmez for sun-sentinel.com. “I know what the Democrats want to do, just investigations and impeachment.The moves signal that House Democrats, while wary of the risks of alienating voters who backed the president, are fully embracing their midterm victory last week as a mandate to dig deep into the actions of the executive branch.”Some talk about a backlash against the Democrats, but it…

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News 

China’s export boom is a worrying signal that Trump’s trade war will get worse

“Trump has previously mentioned he’s prepared to increase tariffs coverage to all of Chinese exports to the United States, which topped $500 billion last year” writes Finanzen Net Gmbh for businessinsider.com. Chinese exports to the US have risen this year as the country looks to get as many goods as possible off its shores before steeper tariffs arrive in January.But hopes of a new trade deal between the countries have dampened on the back of negative rhetoric.Experts are pessimistic that the trade war will abate at this month’s G20 summit.ING…

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Markets News Stocks 

Struggling commodity prices signal more trouble could be ahead for the stock market

“A decline in commodity prices can signal slower economic growth moving forward” writes unknown author for cnbc.com. In China — the world’s second-largest economy — economic growth slowed to 6.5 percent in the third quarter, missing estimates.”What’s happening in the commodity markets has to do with trade,” said Tim Courtney, chief investment officer at Exencial Wealth Advisors.Emerging markets will need to recover for the global economy to recover, Sri-Kumar said, noting: “EM now accounts for 60 percent of the global economy.”. Commodities are typically seen as leading indicators for global…

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GBP News 

Sterling jumps as the UK’s Brexit minister offers a ‘thumbs-up’ after a key meeting of lawmakers

“Sterling regained its morning losses on Monday afternoon after currency buyers appeared to trade on some hand signals from a politician at the center of Brexit negotiations” writes unknown author for cnbc.com. The hand signal from Raab was then tweeted by the BBC’s political editor. Source: cnbc.com Share This:

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Markets News Stocks 

Bank of America shares its investing playbook for raking in profits as stocks make a comeback

“The indicator fell to 3.3 this week, in bearish but not the “extreme bearish” territory that would be a buy signal” writes Akin Oyedele for businessinsider.com. It’s a contrarian indicator, meaning that it triggers a buy signal when it swings into “extreme bearish” territory.One reason is the bank’s Bull & Bear indicator.”Hedge fund/CTA capitulation in risk assets needed to stab Bull & Bear indicator below 2.0 i.e. into buy risk assets for next 3 months zone,” Hartnett said.When stocks surged at the beginning of 2018, the indicator veered into “extreme…

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News Stocks 

Rising rates rattle Wall Street, but charts point to a stock bounce, technician says

“A rising 10-year yield has steepened the yield curve since late August lows” writes unknown author for cnbc.com. “Low and rising interest rates are a sign of firming economic growth — good for stocks.Gina Sanchez, CEO of Chantico Global, does not share Wald’s optimism over the rising rates environment.”Heads you lose, tails you lose with regard to interest rates,” Sanchez told “Trading Nation” on Monday.”When equities are correcting against a backdrop of rising interest rates, we view that as a bull market correction that should be bought,” said Wald. Source: cnbc.com…

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News Regulators 

Rabobank says the US Fed is making a historic mistake about the bond yield ‘curve’ that will trigger a recession, and it has named the date it will happen

“The bond yield curve is simply a line that tracks the difference between the interest rate on a 10-year bond and a 2-year bond” writes Jim Edwards for businessinsider.com. The Fed strongly influences relative demand for the two bonds and yet seems to be ignoring the recessionary yield curve signal.We think that the most likely scenario is that the FOMC will end its hiking cycle after the yield curve inverts.”. It’s probably coming in early 2021, according to Senior US Strategist Philip Marey, because the US Federal Reserve is a…

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News 

James Comey says Brett Kavanaugh’s ‘obvious lies’ about yearbook ‘are a flashing signal to dig deeper’

“They know that obvious lies by the nominee about the meaning of words in a yearbook are a flashing signal to dig deeper.”” reports washingtonexaminer.com. “But FBI agents know time has very little to do with memory.”. Comey warned in his op-ed that Kavanaugh’s yearbook testimony may have more serious meaning as FBI agents interview potential witnesses linked to three alleged sexual assaults involving Kavanaugh. Source: washingtonexaminer.com Share This:

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News Regulators 

Federal Reserve expected to hike interest rates. Will it signal a December hike, too?

“The Federal Reserve on Wednesday is widely expected to raise interest rates, continuing to pull back from its decade-long effort to stimulate economic growth” writes Heather Long Is for washingtonpost.com. What’s the “neutral” or “normal” level of interest rates?. It’s possible the Fed could eliminate that part of the statement today, another signal the central bank plans to stay the course on raising rates. 2.The Fed will announce its interest rate decision at 2 p.m.Interest rates are currently in a range of 1.75 percent to 2 percent, and Wall Street…

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Crypto News 

New Bitcoin Price Bottom May Signal Renewed Bullish Positivity

“A new bottom level for the top-ranked cryptocurrency may signal renewed interest from bulls, leading to another significant price rally” writes Nick Omo for livebitcoinnews.com. Do you think a new Bitcoin bottom will signal another significant price rally?. He also identified $5,000 as the likely BTC price bottom which must be tested before any significant surge can occur.Bitcoin last tested $6,000 in mid-August 2018 as the cryptocurrency market lost $43 billion over a five-day period.However, before this predicted price surge, BTC may test a new low around the $6,000 mark. Source:…

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