Just another week in Bizzaro Bubble World. Bloomberg: “Bessent Urges Fed to Lower Rates by 150 Basis Points or More.” NYT: “Trump, Seeking Friendlier [...]
The Nasdaq100 surged 3.7% this week to close at an all-time high. Powered by Apple 13.3% melt-up, the Bloomberg MAG7 Index surged 5.4% to a record high. August [...]
High yield CDS (Credit default swap) prices surged 22.4 this week to 336 bps, the largest weekly move since the (“liberation day”) week of April 4th (62 to [...]
Please join Doug Noland and David McAlvany this coming Thursday, July 31st, at 4:00 pm Eastern/2:00 pm Mountain Time for the McAlvany Wealth Management [...]
In his argument for a July rate cut, Fed Governor Christopher Waller states that “tariffs are one-off increases in the price level and do not cause inflation [...]
Speculative markets are inherently short-term focused, with notably short attention spans. President Trump is increasingly fearless. Stocks have moved on from [...]
Rarely, if ever, had a period so beckoned for market discipline. It took a fateful pass. I found myself this week pondering a fundamental Bubble Maxim: Bubbles [...]
For the Week: The S&P500 jumped 3.4% (up 5.0% y-t-d), and the Dow rose 3.8% (up 3.0%). The Utilities increased 1.1% (up 7.4%). The Banks surged 5.6% (up [...]
Chair Powell: “So, what we said was that uncertainty about the economic outlook has diminished but remains elevated. Many, many surveys say that… And [...]
Marines deployed to Los Angeles. A U.S. Senator wrestled to the ground and handcuffed. Israel executing a surprise decapitation attack on Iran’s military [...]
When you thought things couldn’t possibly get any weirder… (“Have a nice day, DJT!”) “Uncertainty” is the word of the year, for an environment [...]
The S&P500 traded within 3% of February’s record high in Thursday trading. To be sure, the rally off April lows has been nothing short of spectacular. [...]
