A pretty mixed bag for Asia today with most core indices playing around unchanged for much of the day. The late weakness in the DOW obviously didn’t help confidence but then futures are bouncing back in Asian trading. The talk surrounding US tariffs still add a dampener on the Asian producers and that may be […]

  QUESTION: Mr. Armstrong; Do you believe that if American companies do repatriate dollars to get the low tax rate in the USA, will this impact foreign banks as capital withdraws? I figured you are the best qualified to answer that question nobody seems to be discussing. Thank you for sharing your expertise. SY ANSWER: […]

  Markets breathed a sigh of relief yesterday, having heard US trade tariffs may well be targeted rather than blanket and this lifted both US and global indices. We saw a 1.5% return from the Hang Seng as energy, resources, financials and real estate sectors all helping to recover ground lost earlier in the week. […]

The drop in the market yesterday was widely attributed to Gary Cohn resigning from the Trump Administration over his tariff policy. That must be a real shock because Gary Cohn has resigned as White House chief economic advisor. The press attributes Cohn’s planned departure comes on the heels of a decision by President Donald Trump […]

  Asia was very happy to see the US markets rally yesterday and responded with a strong performance themselves. News that the fear of trade wars may have faded helped sentiment and confidence. The Nikkei and the Hang Seng both added 2% which also pushed the Yen back out to the mid 106’s. This currency […]

The Italian election results are in and once again it demonstrates that correlating economics with voting, you end up with a far more accurate forecast. Trying to predict based upon samples of calling people appears to be not merely questionable, but also prone to human bias. We have been warning that this trend toward nationalism […]

The SPD members voted by a two-thirds majority for their party’s entry into a renewed grand coalition. The acting Social Democrats (SPD) party leader Olaf Scholz came out and said: “We now have clarity: The SPD will enter the next federal government.” The SPD had no choice. The polls showed if they returned and put it to […]

Mainland China market stood out again today but only because it did not fall as much as other core indices. Shanghai saw its days low just after the opening bell and even looked to trade positive at one stage just ahead of lunch. However, ahead of Italian elections, BREXIT discussions and President Trump’s tariff announcement […]

QUESTION: Mr. Armstrong; I followed your advice and opened an account in the United States. I live in Britain and my daughter lives there in the States so I used her local address. To my shock, it was very easy. You said the USA has become the new tax haven. So the USA is not […]

The German Defense Minister Ursula von der Leyen was being touted as a possible successor to Merkel. She has spoken at the Munich Security Conference stating that there must be “the common will to actually use the military weight when circumstances require it.” Leyen has come out saying that Germany should no longer hide behind […]