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Stock Market Dangers, Stress Test Your Portfolio; Axel Merk: Lot of Damage to Be Caused

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Later in today’s program we’ll hear from Axel Merk of Merk Investments. Axel gives a wonderful explanation of what’s behind this week’s wild market action, weighs in on gold’s role as a safe haven in the midst of potential chaos and tells us why he believes volatility his here to stay. Don’t miss a fantastic interview with Axel Merk, coming up after this week’s market update. Well, there were few places for investors to hide this week. Stocks, bonds, and to a lesser extent precious metals all got hit with […]

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Europe’s Big Test

A large impetus to the next thrust higher in European equities will be the final round of French elections this Sunday. We’ve covered the rise of populism and how it affects markets for some time now…   If Macron should win Sunday, as we expect, the populist threat will likely recede for the time being. The next contentious European election is Italy’s. But that’s not until the middle of next year. The Eurozone should be safe until then. As we discussed in last month’s Macro Intelligence Report (MIR), the populist movement is cyclic with a tendency to swing back down […]

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The Debt Ceiling Deadline Has Passed, And Now The Biggest Test Of Donald Trump’s Presidency Begins…

On Wednesday, the temporary suspension of the debt ceiling ended, and so now the federal government is not going to be able to go into any more debt until the debt ceiling is raised.  For the moment, the Trump administration can implement “emergency measures” to stay under the debt limit, but it won’t be too long before we get to a major crisis point because the federal government is quickly running out of cash.  Already, the U.S. Treasury has less cash on hand than Apple or Google, and that cash balance is going to keep on dropping until the debt […]

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