US bonds were last week’s outlier, posting a slight decline. Otherwise, all the major asset classes rose last week, based on a set of ETFs for the trading week through Aug. 27.

Continue reading →

* New Orleans loses power as Hurricane Ida rages over Louisiana coast
* Kabul airport subject to multiple but apparently failed rocket attacks
* Europe considers blocking non-essential travel from US due to Covid-19
* N. Korea appears to have restarted operations for producing nuclear weapons
* US Covid-19 hospitalizations rebound to highest level since last winter
* Weighing the outlook for China tech stocks as regulatory crackdown continues
* Veteran investor Mark Mobius recommends a 10% allocation to gold
* US personal consumption expenditures rose for a second month in July: