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In a historic and unprecedented trial, former president Donald Trump was found guilty on 34 counts of falsifying business records. He faces a maximum sentence of 136 years. Sentencing will be July 11, but the conviction does not bar Trump from running for president. The question is, “Will this turn voters off from voting for Trump in the coming election?” One poll suggests a 4-point overnight swing in favor of Biden following the conviction.
Our May Socionomist (published May 22nd) states, “Social mood regulates voters’ perception of leaders… look for a bump in Biden’s polling numbers vs. trump in coming weeks.” Check the new issue for more.
To learn more about Socionomics, check out our Socionomic Premier Membership.
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Oil giant ConocoPhilips plans to acquire Marathon Oil in a 17-billion-dollar deal. This is just one of many consolidations happening in the energy sector. Last year Both Exxon Mobil and Chevron set out to merge with Pioneer Natural Resources and Hess Corp in multibillion dollar deals. So, with big oil getting even bigger, what does this mean for oil prices and stocks?
Steven Craig, EWI’s Chief Energy Analyst, just published updated charts and commentary in our Global Market Perspective saying, “M&A (Merger and Acquisition) activity within the oil & gas industry has been heating up and the wave patterns suggest that big moves lie ahead for both oil and natural gas.”
To read Steve’s commentary on the mergers in the energy markets, subscribe to our Global Market Perspective just published today.
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China has launched its most ambitious plan yet to try to save its property market. It plans on asking local governments to purchase unsold properties and convert them into affordable housing. The plan also will feature reduced interest rates and downpayments for home buyers.
In This Month’s Asian Pacific Financial Forecast, Mark Galesiewski shows a chart that illustrates how there may be hope for the Chinese housing market, but it has nothing to do with government intervention. It all comes down to the Elliott waves.
Checkout Marks comments on China and other Asian Pacific markets in our Asian Pacific Financial Forecast.