Gold has had a good run, but the bulls are likely running out of money.
Let's look at the chances of cuts in September and October, and how to use dollar and yen exchange-traded funds to your advantage.
China has fiddled plenty with the yuan, but has let it strengthen significantly since 2005; the U.S. has brought current weakness in the Chinese currency on itself.
The Chinese government has now demonstrated an ability to control the S&P 500, even at the risk of Chinese domestic capital flight.
Because of our strong economy with virtually no inflation, we have the upper hand in the Chinese talks and, I believe, we could get a deal if we thought the Chinese were going to change their ways, not just their buying patterns.
The only reason that there is a bounce on China trade headlines is that it didn't become worse.
Is China willing to risk a global recession to hurt Trump's chances in 2020?
It would help if our allies -- particularly the Germans -- were to agree with our Treasury Secretary, because they have much more to lose from a devaluation of the yuan than we do.
Markets got hit hard in May when trade talks broke down and the president instituted new tariffs, but things are different now.
A general strike on Monday in Hong Kong finally has hit its stock market, while the yuan has fallen past 7.0 to the U.S. dollar thanks to trade woes.