WATCH THESE DATES For real- time market updates from some of Wall Street’s most plugged-in analysts, CLICK
not a level playing field, and valid arguments can be made that the U.S. has lost millions of jobs since China entered the World Trade Organization in 2001. But China is the largest buyer of American sovereign debt. Because the Federal Reserve is normalizing policy and letting the federal balance sheet run off, the U.S. needs China’s buying power to keep rates low so debt payments don’t skyrocket. Interest rates will move higher if the Chinese change their buying habits! The losers – companies that use steel and aluminum for production purposes – are autos, defense, and machinery. But the worry extends to retaliatory moves. Could Asian competition jack tariffs on phones, laptops, and flatscreens? Higher prices for goods we take for granted could be the catalyst for inflation, and equity investors would vote with their feet and hit the sell button. TARIFFS CHANGE THE MATH ON STOCKS.
March 21 The Federal Reserve interest rate decision. This will be Powell’s first meeting as Fed Chair. Expectations will be for a 25 basis-point hike. March 23 New home sales. Home sales (along with homebuilding companies) have declined of late due to the substantial rise in interest rates. March 28 Fourth-quarter GDP results. 2.5% was the last print. Have rising interest rates taken a toll on the economy or are these rates a positive sign of global growth? April 6 Payroll numbers. The February print blew away expectations by more than 100,000 jobs. Keep an eye on market reaction on a similar report for March.
HERE to get instant
access to NewsWire.
For more market analysis from the NewsWire team, check out its podcast.
Scott, Greg, and John have more than 60 years of combined experience trading stocks, bonds, commodities, options, and currencies with some of the biggest Wall Street firms in existence.
The Investors MarketCast is your direct access to the latest events and forces shaping the world’s financial markets. Each week veteran
market analysts and traders Scott Garliss, Greg Diamond, and John Gillin talk trends, investment ideas, and developing economic news to give you the information edge you need to make money in today’s stock market and avoid unnecessary risk.
The MarketCast reveals what’s really going on behind the scenes on Wall Street, so you can profit on Main Street. Download the FREE podcast for Android and iOS.
American Consequences 13
Made with FlippingBook - Online Brochure Maker