Chris Becker

Wall Street was able to rebound from the Friday night slump with all markets expected another TACO trade setup in the latest bruhaha with the Chinese over rare earth exports.

Wall Street was sent significantly lower on Friday night as the Trump regime was played again by the Chinese in the ongoing trade war, with another TACO trade brewing.

Please note this is the last Macro Morning/Afternoon report for a month or so as I’m off on holiday – good luck, markets always get juicy when I’m away!

Asian share markets are stumbling around with a variety of macro pressures overshadowing the broad gains on Wall Street and European markets overnight.

Prime Minister’s are dropping like flies as the French government collapsed overnight, which followed the resignation of Japanese PM Ishiba over the weekend.

Asian share markets are mostly higher across the board as traders anticipate more Fed easing after Friday night’s US jobs print showed the Trump regime’s economic malaise continues although local stocks had a little stumble.

No surprise or upward Sharpie revision on Friday night as the actual US jobs print came out and was bad all over, with prior results also revised down, giving a clear run to a September rate cut by the Fed and possibly two more by the end of the year.

Asian share markets are higher across the board as traders start to anticipate tonight’s US jobs print with continued speculation that the Fed is likely going to pull a put regardless of tonight’s NFP result.

No big surprises overnight as the expected softening of the US jobs situation was confirmed by the weekly initial jobless claims and private ADP prints, giving a clear run to a September rate cut by the Fed.

Asian share markets were quite mixed with local stocks regaining some of their losses on interest rate speculation that the Fed is likely going to pull a put if tomorrow night’s NFP comes in bad as expected.