Menu
Theme
Sign In
The stock market didn't do much today. Neither did the bond market. But the price of a barrel of crude oil rose, and so did the price of an ounce of gold. President Donald Trump announced another deal with China. The US will allow Chinese students to continue attending American colleges, and China will continue to provide rare earth minerals to American manufacturers. Tariffs imposed on each country by the other one remain the same.
That didn't excite stock or bond investors, and neither did May's lower-than-expected CPI. Perhaps, they were unsettled that Trump also said he is less confident that Iran will agree to stop uranium enrichment in a nuclear deal with Washington, according to an interview released today. In addition, May's federal deficit data, also released today, reminded investors that fiscal policy remains on an unsustainable course.
End of free preview
Ed's analysis as news breaks — often the same day. Plus the full QuickTakes archive.
Individual investor? Get Ed's QuickTakes for personal use at yardeniquicktakes.com →