Significant macroeconomic developments in global markets during the month of August, expectations for FED and ECB policies, geopolitical developments from North Korea, and political news in the US influenced financial asset pricing.
Last week we talked about choice box meat going under select. This generally means that the packer doesn't care whether he procures choice or select because the profit margin is going to be about the same.
The past eight weeks have been a blur. We have been in Vancouver, Victoria, Alaska, Boston, South Africa (Zulu Nyala, Cape Town, Umhlanga, Stellenbosch, Franschhoek, Jeffreys Bay, Durban, Wilderness, etc.), Boston (again), and New York City.
The greatest hazard when investing or speculating in the paper asset markets, stocks, bonds and currencies is jawboning, are the words tumbling from the mouth of the President, a high ranking member of Congress or, a Fed Governor.