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Taking a Break—Sort Of – September 27, 2024

Taking a Break—Sort Of This author has been moving his family into a new dwelling over the last couple of days.  We are incredibly excited for our next new chapter, but, oh boy, moving isn’t easy.  As a result, this week HAI will just be a recap of weekly price action along with best wishes […]

Saturday, September 28, 2024

[Reuters] Israel kills Hezbollah leader Nasrallah in airstrike [CNN Live Updates] Hezbollah confirms leader Hassan Nasrallah killed in Israeli strike [Yahoo/Bloomberg] Helene Pummels US South With Worst Flooding in a Century [AP] Dozens dead and millions without power after Helene’s deadly march across southeastern US [Reuters] Wall St Week Ahead Jobs data to test US […]

September 27, 2024: Neutral Rates and Xi’s Whatever it Takes

September 27 – Bloomberg: “Chinese equities capped their biggest weekly rally since 2008 with a burst of trading that overwhelmed the Shanghai stock exchange, underscoring a dramatic shift in investor sentiment after Xi Jinping’s government ramped up economic stimulus. In an echo of the rally that followed China’s massive stimulus during the global financial crisis, […]

Friday, September 27, 2024

[Yahoo/Bloomberg] Stocks Post Modest Gains After PCE Data: Markets Wrap [Yahoo/Bloomberg] China’s Market Marred by Glitches, Delays as Frenzy Grips Stocks [Reuters] Stocks bask in China stimulus glow, yen swings higher on Ishiba win [Yahoo/Bloomberg] Yen Rallies as Ishiba Wins LDP Leadership, Nikkei Futures Fall [Reuters] Oil Heads for Deep Weekly Loss on Prospects for […]

Markets React to FED Announcements

There’s been quite a range of movement in the price of precious metals over the last week, following on the heels of the Fed announcement. Let’s look at where precious metals stand as of September 25: The price of gold is up 4.8% or up $122 to $2,672 from the previous week.   The price […]

Thursday, September 26, 2024

[Yahoo/Bloomberg] Wall Street Set for Boost on Rate-Cut Bets, China: Markets Wrap [Yahoo/Bloomberg] Silver Surges to the Highest Since 2012 as Precious Metals Rally [Yahoo/Bloomberg] Copper Hits $10,000 Again as China Vows to Support Growth [Yahoo/Bloomberg] French Debt Seen Riskier Than Spain’s for First Time Since 2007 [Yahoo/Bloomberg] Oil Extends Sharp Drop on Prospect for […]

Wednesday, September 25, 2024

[Yahoo/Bloomberg] Gold Rises to Record High as US Data Support Deeper Rate Cuts [Yahoo/Bloomberg] Stocks Muted After Latest S&P 500 Record: Markets Wrap [Yahoo/Bloomberg] Yuan Strengthens Past 7 Per Dollar for First Time Since May 2023 [Yahoo/Bloomberg] Oil Eases With China Stimulus and Libya Disruption in Focus [Yahoo/Bloomberg] Traders Buy China-Linked Assets Everywhere on Bets […]

Gold Laughs At Loose Rate Powell

Bond Yields Rise As Powell Cuts Rates Gold Rises As Powell Ignores Inflation Zelenskyy Campaigns For Harris With U.S. Assets “But the mantra kept on being uttered, “we’re data dependent,” but we knew this last week. Supercore is not suggesting an end to inflation. Tightness in the labor market is not either. And while supply chain […]

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