Tag Archives: Turkey

Your Thursday Market Blip 8/16/18

After yesterdays Turkish lira selloff or “TLS”, stocks roared back after the White House indicated that trade negotiations with China were scheduled to resume later this month. At the close the Dow was up 396 at 25,558. The only fly in the ointment was the light trading volume. Shares of Boeing had a big day…
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Your Wednesday Market Blip 8/15/18

More turmoil surrounding Turkey brought negative market sentiment. The Dow opened down more than 300 points but made some gains back leaving it down 137 points and closing at 25,162. Turkey fought back against the U.S. raising tariffs on a number of items. Alcohol will now have a 140% tariff, cars will be at 120%,…
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Your Tuesday Market Blip 8/14/18

Stocks rebounded today as the Turkish Lira gained some strength by recovering about 6% of its value. The Dow moved up 112 points and closed at 25,299. The U.S. does not hardly have any exposure to Turkey, most of the concern has been about how much exposure does Europe have to Turkey and as a…
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Your Monday Market Blip 8/13/18

Turkey’s currency and debt issues continue to be in the news, and short-term traders are reacting by getting cautious.  Turkey currently has quite a bit of foreign currency and dollar denominated debt, and so as their currency continues to drop, these repayments become more and more of a burden.  European banks continue to get whacked…
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