Comey will speak about Trump There is a bit of hype around this interview with ABC saying he said things that “left people in the room stunned.” In my experience, this kind of thing is always overrated. It was with Stormy and it will be this time. Maybe there will be a bit of risk aversion…
Elon Musk regrets too much automation I’ve been reading some pretty compelling arguments that Tesla was mistaken in trying to overly automate is assembly line.
The Treasury Dept report was released late Friday The semi-annual US Treasury Department report on currencies was released late Friday. No country was named as a currency manipulator but India was added to a watchlist that already includes China, Germany, Japan, South Korea and India.
WSJ report This isn’t helping sentiment or the US dollar. : From the WSJ “Amid escalating trade tensions, China is holding up deal reviews that could clear the way for U.S. companies Qualcomm Inc.
US February JOLTS job openings data April 13, 2018 The BLS said: Large numbers of hires and separations occur every month throughout the business cycle. Net employment change results from the relationship between hires and separations.
Preliminary April U Mich consumer sentiment – was 101.4 (it was highest since 2004) – Current conditions 115.0 vs 121.2 prior – Expectations 86.8 vs 88.8 prior Poor report across the board but the chart shows some context — the overall index is still very high.
USD/CAD down sharply this week The week started with headlines saying no preliminary NAFTA deal would be reached this week at the Summit of the Americas and USD/CAD rose 40 pips to just above 1.28. Shortly afterwards the pair swooned and in three days fell to 1.2600.
The market doesn’t like this talk of rate hikes Since the FOMC minutes, the market has slowly been shifting its focus away from trade and back to interest rates. Rosengren compounded it today with some talk about raising rates +4 times this year.
Weekly oil and gas drilling rig data – Prior was 808K – Natural gas 192 vs 194 prior The shale boom continues.
This headline is getting misconstrued NBC is on Rosenstein says he’s prepared to be fired. That’s being repeated as he’s preparing to be fired, as if he knows it’s coming. But the story just says he’s at peace with anything, not that it’s imminent.