August Cover Highlights;
SPX, INDU, COMPQ, NDX, NYA, AAPL,
MSFT AND BSE (India) RECORD HIGHS
HURRICANE HARVEY SLAMS TEXAS OIL
REFINERIES
TOTAL SOLAR ECLIPSE
BITCOIN 5000
NORTH KOREA TURMOIL
TRUMP THREATENS NOKO WITH FIRE
AND FURY
BARCELONA TERRORISM
USD 91-HANDLE; EURO 1.20
JACKSON HOLE
US-CHINA TRADE WAR SIMMERS
TRUMP THREATENS GOVERNMENT
SHUTDOWN
AMAZON FOOD WARS BEGIN
The August chronology highlights
the non-stop all-time record breaking stock market highs. India’s BSE Sensex ran
above 32K last month into early this month. The Dow Industrials print above 22K
in early August another milestone.
The US dollar index and euro print
big moves; these currency baskets move inverse to each other. The dollar is
sinking so the euro is bouncing. The euro moves briefly above 1.20 with the USD
printing lower with a 91-handle. Both the euro and dollar are testing their
200-week MA’s.
The daily Whitehouse drama
continues with over 15 key personnel changes occurring after only seven months
an unprecedented revolving door. Advisors Stephen Bannon and Sebastian Gorka are
shown the door in August. The Russia and other investigations continue.
President Trump is threatening North Korea with fire and fury unless tin-pot
dictator Kim Jong-un ceases the missile and nuclear programs. Trump also threatens
Congress with a government shutdown unless they include funding for the
southern border wall.
US and China keep poking each
other in the eye with long sticks as a trade war simmers. Barcelona is rocked
by Islamic terrorism. Bitcoin tags 5000 as September begins. Money from China,
Japan, India and Turkey chase the digital currency higher. The Jackson Hole
Economic Forum takes place in Wyoming but did not live up to its ype. Amazon
begins food price wars that rock the grocers and food makers. The epic market
action continues as the global central bankers collude daily to maintain
elevated stock prices.
The chronology explains
the price moves in global stock, bond and currency markets after key geopolitical
events, central bank monetary policy meetings and economic data releases such
as the monthly jobs report. If you are trying to make sense of the
markets this is the resource for you. No other publication exists
where the stock, bond and currency moves are detailed and explained
as world events and economic news take place in real-time.
You can
re-live the real-time price moves and excitement in markets for any past events
including the May 2015 stock market top (2015-02 through 2015-10), Brexit
(2016-06 and 2016-07), the US election (2016-10 and 2016-11), the drama behind
the French election (2017-04 and 2017-05), economic data releases, monthly jobs
reports, Fed meetings and much more. The wild overnight crash in the S&P
futures, and quick recovery, after President Trump’s election last November is chronicled
in real-time, as it happened minute-by-minute, in the 2016-11 publication.
As always, all monthly publications of the Daily Chronology of Global Markets and World Economics are available from the links in the margins of the K E Stone blog sites or simply searching on Amazon or Google. The monthly publications contain updated information not posted on the Keystone the Scribe web site as well as clarifications, corrections, edits and refinements to the ongoing daily blog text.
The September 2017-09 chronology
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