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Basically, what weve got today is a reversal of what weve had over the last few sessions. He bond proxies are back health care is doing well today. We are seeing a selloff in the banks and a selloff in the auto sector, down by 1. 4 . Maybe the president didnt quite go as far as everybody was into spitting yesterday in pushing back the idea that european auto tariffs are a risk. We also see some weakness in the spanish market once again. The market not liking what is happening with spanish politics at the moment, and the coalition that is being put together. Again, it is the banks under pressure. The ibex down by 1. 5 . Vonnie fed chair Jerome Powell will deliver remarks on capitol hill in about an hour before the congressional joint Economic Committee. Powell saying in compared testimony that Central Bank Policy ....
What are we doing . Interesting but smart leading the feds beige book. Leading with beige. Check in on regional economies is telling two very different stories. How we are adjusting to the trade war. On one hand the beige book highlighting a retail chain that raised prices on furniture but is considering reversing the price hike because consumers arent buying it meantime, in cleveland manufacturers are feeling the pain by cutting overtime pay rather than laying off workers things looking up in philadelphia and new york. This is like a choose your own adventure book choose your own beige book. Are you allowed to do that . Is the economy headed down the path of new york and cleveland or are we Holding Strong like philadelphia and minneapolis . Gia dam uy adami. Ill be optimistic. Things look okay, not great. Thats reasonable. I think that along with the news out of hong kong where things have been tapered down for a couple of days, ....
Increasingly popular alcohol breaks like Dry January are buoying the emerging US cannabis market as more drinkers especially younger ones see marijuana as a healthier alternative. Emboldened by widening legalization in the United States, cannabis sellers now actively market to January abstainers with new products and targeted advertisement, while research shows about… ....