After a week of anticipating turmoil, the markets delivered. First initial euphoria over trade deal between U.S. and China, then things went the opposite direction. The realization no real deal had been agreed and then the arrest of Huawei CFO in Canada. On the same time, appears that Federal Reserve under Powell are folding to President Trump and his pressure. The yield curve inversed, having all talking-heads propagating the imminent recession. In Europe things are not better. Macron is facing massive resistance from demonstrators who believe low and middle class have to shoulder all the future tax increases. Macron just like Powell had to fold as there were risk things would escalate out of hand. On the crypto side, another week, another week of continued decline of the cryptocurrencies. Another hyped sector seem to be living up to the hype. Altria buying a stake in Cannabis maker Cronos. In addition there are rumors Altria looking to take stake in smokeless tobacco maker Juul.
Corporate wise, companies like Lyft, Modena and Uber are looking to IPO as soon as possible before the market turns properly. Usually the markets tend to get calmer as we approach the holiday season. Question is if that will be the case this year. Mueller probe is getting closer to conclusion. Brexit agreement vote is up in U.K, and trade-war uncertainty could flare up even more.
U.S. job growth cools in November, monthly wage gains modest via Reuters
Why isn’t Investment More Sensitive to Interest Rates: Evidence from Surveys by Federal Reserve Board of Washington DC
Cheaper Oil Isn’t the U.S. Boon It Used to Be via WSJ
Does the Yield Curve Really Forecast Recession? By Federal Reserve Bank of St. Louis
What Explains the Trade Deficit Hitting a Decade-High? From WSJ
Tru(c)e Killed by Askbrokers
Huawei CFO’s Arrest Deals a Blow to Xi Jinping’s Drive for China Tech Supremacy via WSJ
Yuan could become next battleground in Trump-Xi ruckus via Asia Times
The Brexit Debacle By Jacobin
Leaked Commons legal analysis of Brexit deal vindicates Trump, contradicts May and adds to Brexiteers’ concerns via BrexitCentral
Italy: Will the New EU ESM Rules Result in Doom for Italy? Via AskBrokers
France’s Latest Protests Are a Rejection of All Things Macron from Slate
‘Gilet jaunes’ movement spreads to France’s truckers, farmers and students via Euronews
Tightened Belts in Mideast Stir Memories of Arab Spring by WSJ
Middle-East: Is War around the corner to solve all Problems? From Askbrokers
Brazil future unclear amid opposing ideologies of ministers by AP
The Trump-Xi Truce Questions That Are Leaving Markets Flummoxed via Bloomberg
Yield Curve Inversion by Askbrokers
Cash Is a Star in Rocky Year for Global Markets by WSJ
“Death Cross” Means “Loser” via Price Action Lab Blog
Is The Yield Curve Coming to Kill You? By The Reformed Broker
Major Asset Classes | November 2018 | Performance Review from The Capital Spectator
Carnage in Hedge Fund Land via Askbrokers
Crisis du Jour by The Belle Curve
Why investors in emerging-market bonds are so attuned to political risk by The Economist
The end of industrial conglomerates via Axios
Inside the World’s Most Elite (and Secret) Traders’ Club from Bloomberg
How the Chinese Government Is Helping Google Sell Ads in China via The Information
Google’s “Other Bets” by The Reformed Broker
A new trove of internal Facebook emails is a stark reminder: You are Facebook’s product from Recode
Netflix Is Willing to Pay a Premium for ‘Friends’ by The Ringer
Uber Is Headed for a Crash by NYMag
Lyft files IPO documents with US securities regulator via FT
Moderna IPO Raises Over $600 Million in Rocky Market from WSJ
Altria takes C$2.4bn stake in Canadian pot group Cronos via FT
Volkswagen Says Its Next Generation of Internal Combustion Engines Will Be Its Last via Jalopnik
BT to strip Huawei equipment from its core 4G network from FT
Where Huawei Loses, Nordics Will Gain via WSJ
How to Game the App Store by David Barnard
France plans its own tax on big tech groups from FT
Texas and New Mexico shale basins hold 49 years worth of oil: USGS via Reuters
Crypto Winter Is Here and We Only Have Ourselves to Blame by Coindek
Bitcoin is close to becoming worthless from MarketWatch
‘Smart’ insurance helps poor farmers to cut risk via FT
Amazon Alexa is beta testing crowdsourced answers via The Verge
NPR’s Book Concierge Our Guide To 2018’s Great Reads from NPR
What’s Really Happening to Retail? By The Atlantic
‘London Blue’ hacker group targets chief financial officers via FT
Highest-Paid YouTube Stars 2018: Markiplier, Jake Paul, PewDiePie And More via Forbes
What legal sports betting in the United States means for offshore sportsbooks by ESPN
How Japan Is Harnessing IoT Technology To Support Its Aging Population from Forbes
