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Macro Briefing: 10 August 2018

Summary:
Turkey edges closer to a full-blown financial meltdown: BloombergSenate considers more sanctions on Russia: CNBCRussia denounces latest round of US sanctions: ReutersBloomberg’s US consumer sentiment index rose to 17-year high: BloombergPence calls for US to develop space force: NY TimesChicago Fed President: Inflation to hold at around 2%, the Fed’s target: MNIUS jobless claims continue to trend lower, down to low 213,000: MarketWatchWholesale trade inventories in US revised up to 0.6% gain for May: CNBCDon’t confuse a highly valued stock market with an overvalued one: ETF.comNew research challenges loss aversion in behavioral economics: BloombergUS producer prices unchanged in July, pointing to tame inflation: CNBC

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Turkey edges closer to a full-blown financial meltdown: Bloomberg
Senate considers more sanctions on Russia: CNBC
Russia denounces latest round of US sanctions: Reuters
Bloomberg’s US consumer sentiment index rose to 17-year high: Bloomberg
Pence calls for US to develop space force: NY Times
Chicago Fed President: Inflation to hold at around 2%, the Fed’s target: MNI
US jobless claims continue to trend lower, down to low 213,000: MarketWatch
Wholesale trade inventories in US revised up to 0.6% gain for May: CNBC
Don’t confuse a highly valued stock market with an overvalued one: ETF.com
New research challenges loss aversion in behavioral economics: Bloomberg
US producer prices unchanged in July, pointing to tame inflation: CNBC

Macro Briefing: 10 August 2018

James Picerno
James Picerno is a financial journalist who has been writing about finance and investment theory for more than twenty years. He writes for trade magazines read by financial professionals and financial advisers. Over the years, he’s written for the Wall Street Journal, Barron’s, Bloomberg Markets, Mutual Funds, Modern Maturity, Investment Advisor, Reuters, and his popular finance blog, The CapitalSpectator.

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