Trade the Reaction, Not the Headlines

Trade the Reaction, Not the Headlines

The Israel-Iran conflict is the latest geopolitical event attempting to scare us out of this bull market. There were plenty of headlines heading into the last full trading week of June, including retaliatory measures from Iran that suggested a potential closing of the Strait of Hormuz. Providing the sole passage from the Persian Gulf to…

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Philly Fed Ticks in Lower Than Expected

Philly Fed Ticks in Lower Than Expected

We finish off the trading week after a nice edge-of-summer break for Juneteenth yesterday. Pre-market indexes are climbing a quarter-point to a third of a point higher at this hour, with the small-cap Russell 2000 already up more than +1%. Only the Russell is up over the past five trading days, but the other indexes…

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Hong Kong’s investment-for-residency scheme yields HK$16.5 billion over 14 months

Hong Kong’s investment-for-residency scheme yields HK$16.5 billion over 14 months

Hong Kong’s cash-for-residency scheme has yielded an investment of around HK$16.5 billion (US$2.1 billion) from 543 applicants over the past two years, with two-thirds of their capital directed into funds and the stock market. InvestHK, Hong Kong’s department of foreign direct investment, on Sunday released the latest figures of the New Capital Investment Entrant Scheme…

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