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No Wonder Gold is Flying This week, after nearly succumbing to a vision of economic gloom, equity traders convinced themselves that growth and higher stock prices are sustainable as a widely expected dovish shift in the monetary regime nears. This week, in the short span of 48 hours, Wall Street Journal chief economics correspondent Nick […]
[Yahoo Finance] Peak Fedspeak is finally here [Reuters] China opposes US tariff hikes, vows steps to defend its firms’ interests [Reuters] Russia threatens Ukraine, West as long-range strikes decision looms [Reuters] Japan’s PM hopeful Takaichi warns BOJ against raising rates [Yahoo/Bloomberg] China Home Prices Drop Accelerates as Stimulus Effects Fade [Reuters] Downbeat China factory output, […]
Up 10.0%, down 12.2%, down 1.3%, up 1.1%, up 9.8%, up 2.2%, down 9.7%, down 3.1% and down 8.8%. The past nine weeks of SOX performance. Nvidia: Up 15.8%, down 13.9%, down 7.7%, up 3.8%, up 19.8%, down 2.3%, down 5.1%, down 4.1%, and down 8.8%. Nasdaq100: Up 5.9%, down 5.9%, down 0.7%, up 1.1%, […]
[Reuters] Wall St set for higher open as traders raise bets on bigger Fed rate cut [Yahoo/Bloomberg] Gold Hits Successive Record Highs Ahead of Expected Fed Rate Cut [Yahoo/Bloomberg] Treasuries Gain as Traders Weigh Large Fed Rate Cut Possibility [Reuters] Dollar falls, gold hits record as investors mull ‘coin-toss’ Fed decision [Reuters] Gold bulls set […]
Let’s take a look at our weekly recap of the precious metals markets for September 11. As of this recording, here is where precious metals stand: The price of gold is up $20 to around $2,500, relatively flat from a week earlier. The price of silver is down about 50 cents or 1.5% to around […]
[Yahoo/Bloomberg] Stock Rally Spreads as Tech Bounce Gains Momentum: Markets Wrap [Yahoo/Bloomberg] Nikkei 225 Rises Most in Month, Halting 7-Day Drop on Weaker Yen [Yahoo/Bloomberg] Oil Advances for Second Day on Hurricane and Risk-On Tone [Yahoo/Bloomberg] From Fed to Elections, FX Turbulence Buffets Dollar Investors [Reuters] Morning Bid: The first cut isn’t always the deepest […]
[Yahoo/Bloomberg] Stocks Fall and US Yields Rise After CPI: Markets Wrap [Reuters] US stocks and dollar defensive, bonds rally as Harris harries Trump [Reuters] Dollar dips as investors stay cautious after US election debate [Reuters] Oil recovers after slide as US inventory drop, storm support [Yahoo/Bloomberg] Global Bond Yields Fall to Two-Year Low as Slowdown […]
Heroism & Empathy Worth Remembering Current Ad-Hominem Politics Show What We’ve Forgotten Sahm Rule & Yield Curve Reversal Signal Recession “As we march towards the November elections, we could choose to dehumanize people that we disagree with or we can choose to dignify regardless of differences. We’ve allowed the absurdity of a platform-free, policy-light election […]
