-US hiring weakened from June -Trade wars are difficult to win Tariff man strikes again. The Canadian prime minister on Thursday questioned why the Trump administration was again slapping tariffs on aluminum. On China, the US president said Chinese technology, namely the popular TikTok app, was a threat to national security. A Chinese response to … More The Daily Dose; Tariff Man Returns.
-US employment figures mask underlying weakness -Oil market downturn means some reserves no longer count. Crude oil prices moved largely on US news in the previous session, with another sizeable draw on commercial crude oil inventories supporting the bulls. The direction for commodities was determined again by the US economy on Thursday, with weekly jobless … More The Daily Dose; Jobs, jobs jobs jobs jobs.
Risk level: Yellow RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT -US energy goals are a fool’s errand -Brent won’t be in black because OPEC is back OPEC curtailments eased back as of Saturday as the cartel anticipates a slow rise in demand through … More The Myth of Independence