US stocks finished a choppy session slightly higher as investors held back from making significant bets ahead of the key PCE report due later in the week.
The S&P 500 and Nasdaq 100 added 0.1% and 0.5%, respectively, staying relatively close to their record highs from last week, while the Dow gained 15 points.
Apple shares increased by 2%, whereas Nvidia erased earlier losses of 2% and closed 0.2% higher.
FedEx marked its biggest day gain since 1986, surging 15.5% following upbeat quarterly results.
Rivian Automotive soared 23.2% after Volkswagen Group's announcement of a potential $5 billion investment in the electric vehicle company.
Let's talk about the political events ahead of us.
The U.S. Presidential debate later on today.
A referendum on Macron in France comes over the weekend.
While the grip on power is tight, it looks possible that the global policy pendulum could swing.
As we know, Western world governments have highly coordinated the execution of a shared (globalist) game plan, designed around the climate agenda.
Not only has this agenda necessitated the appropriation and printing of trillions and trillions of dollars to fund the transformation of global energy, but the dollars that are being printed are being devalued by the same policies, as are the Western economies.
How?
The agreement to trade global oil in U.S. dollars (i.e. "petrodollars") has been the cornerstone of the dollar's role as the "world's reserve currency," since the end of the gold standard. The world reserve currency status has been key in building and sustaining the United State's position as the economic superpower.
So, anti-oil policies are self-inflicted threats to the wealth and sovereignty of the people executing them.
That is giving way to a populist push back, that's beginning to look like Grexit, Brexit and the Trump election.
The push back against the global agenda has come in Argentina, El Salvador and (somewhat) in Italy. The betting markets suggest it's coming in France and the United States.
The question: Will there be a government bond market shock, in response to the trillions of dollars in fiscal bullets fired for a global climate agenda that could be fractured, if not abandoned?
Just to clarify, the vote in France over the week-end is not (officially) a referendum on Macron but a general election aiming to renew the main chamber of the Parliament. Practically, it's looking likely to turn into an other rejection vote for Macron.
Regarding this comment: "Western world governments have highly coordinated the execution of a shared (globalist) game plan, designed around the climate agenda", I'd be interested to understand what you think the endgame of this agenda is and where you see direct links with Grexit, Brexit, Argentina or El Salvador. Not trying to push you in an uncomfortable corner, just curious to fully understand your take on this.
Either way, I also see fiscal & monetary policies as well as financial education, inclusion & safety at the core of people's dissatisfaction. I believe that tech can address some of these challenges, by directing capital in a more transparent & efficient way. But that's a big challenge to some institutions & current balance of power.