Inversion Indigestion: Covenant’s Weekly Market Synopsis (August 16, 2019)

August 19, 2019

Last Week Today. Argentina’s stock market fell by a remarkable -48% in U.S. Dollar terms (-30% in local currency) Monday after the current reform-minded president was beaten badly by his left-wing rival in primary elections. Keep in mind this is the same Argentina that, despite defaulting on its debt eight times in the last 200 […]

Is A Recession Certain?

August 17, 2019

On this week’s show, Karl discusses what the bond market is telling us regarding a recession. Is the bond market right? Also, there’s a bubble, but it’s not in the stock market. 

Covenant Weekly Market Synopsis for August 8, 2019

August 12, 2019

Last Week Today. The trade war between China and the U.S. showed the first signs of conflating into a currency war when China allowed its currency to fall through 7 Yuan to $1 for the first time in eleven years, sparking a global equity market rout on Monday. | China’s provocation prompted the U.S. Treasury […]

Is Your Retirement SECURE?

August 10, 2019

On this week’s show, volatility has returned due to the ongoing trade war. Karl gives all the details. Plus, David Akright CFP, joins the show to discuss the SECURE Act. If it passes, will you be impacted?

A New Beginning

August 3, 2019

Creating Richer Lives is the new podcast, brought to you by Covenant. On this week’s show, Karl introduces the new show and what you can expect to hear in the weeks to come.

Covenant Weekly Market Synopsis for July 12, 2019

July 15, 2019

Last Week Today. Minutes from the European Central Bank’s June meeting showed an improvement in Eurozone consumption. However, due to geopolitical factors and weakening global trade the ECB bankers are considering injecting stimulus via interest rate cuts and/or relaunching their $2.9 trillion bond-buying program. Not sure how taking the interest rate more negative (the official […]

Covenant Weekly Market Synopsis for July 5, 2019

July 8, 2019

Last Week Today. On June 29th President Trump and Chinese President Xi Jinping agreed to reinitiate trade negotiations – an outcome hoped for by the market, but evidently not fully priced as the S&P 500 reached a new record level last week. | The European Parliament nominated France’s former finance minister and current managing director […]

Covenant Weekly Market Synopsis for June 21, 2019

June 24, 2019

Last Week Today. President Trump and China’s President Jinping confirmed they will meet at the G-20 Summit this week in Osaka, Japan. | The White House disclosed it had explored the legality of demoting Federal Reserve Chairman Jerome Powell due to administration’s frustration with his unwillingness to cede to President Trump’s desire for lower rates. […]

Covenant Weekly Market Synopsis for June 14, 2019

June 17, 2019

Last Week Today. Mexico’s government agreed to move forward with adopting the USMCA trade agreement (aka, NAFTA 2.0) following President Trump’s announcement he would not levy illegal immigration-related tariffs on Mexico. | Two oil tankers were attacked in the Gulf of Oman, shortly after passing through the maritime bottleneck known as the Strait of Hormuz. […]

Covenant Weekly Market Synopsis for June 7, 2019

June 10, 2019

Last Week Today. The Department of Justice (Apple and Alphabet – aka Google) and the Federal Trade Commission (Facebook and Amazon) announced antitrust investigations into the market power held by large technology platforms. For a change, Republican and Democratic lawmakers agree on something – big technology companies are too influential in Americans’ political and economic […]