David Fischer, CEO of Landmark Capital joins Kevin McCullough for an exciting Money Monday segment! President Trump recently met with the Russian President, Vladimir Putin, and the overall outcome of this did not please many people. The market is flat and the reason is that of this recent meeting, it has caused a neutral standby in the market. An official trade war is here with China, and many tariffs have been put into place.
To listen to the full episode, click here.
Show notes –
– Last Friday, Russia had a major US treasury sell-off of about half of their holdings.
– The result of this caused the 10-year yield to go over 3%, according to the Department of Treasury.
– China has also been selling assets, not as much as Russia, but enough to contribute.
– Russia also made a deal recently with Iran, over 50 billion dollars in oil agreements.