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Sand in the Hourglass – December 5, 2025 In markets and the economy, the marquee title fight is always between inflation and deflation. Right now, we’ve got powerful fighters on both sides looking to face off. Essentially, we’ve got 6-foot 5-inch 300-pound heavyweights in each corner set to duke it out over the next several […]
Money Market Fund Assets (MMFA) surged $132 billion last week to a record $7.654 TN – the largest increase since the week ended April 1, 2020 (massive covid-related QE). This week saw emerging market (EM) CDS drop five to 130 bps, the low since Q1 2018. What’s the source of all this liquidity fueling loose […]
[CNBC] Stocks are little changed ahead of key inflation data: Live updates [Yahoo/Bloomberg] US Bonds Head for Worst Week in Six Months Before Inflation Data [Yahoo/Bloomberg] Even If Fed Cuts Rates Again, US Economy May Not Get Much of a Boost [Yahoo/Bloomberg] Economists See Two Fed Rate Cuts in 2026 Following December Move [Politico] Trump […]
Precious metals start their climb again as gold reaches back up above $4,200 and silver surges up 10.5% to just over $58. Following the pre-holiday spike, the S&P remains relatively flat. Meanwhile, volatility in the crypto markets appears to be pushing sentiment back towards precious metals. Between the chaotic crypto markets and ongoing global demand […]
[CNBC] Stocks are little changed as rate cut bets strengthen: Live updates [CNBC] Treasury yields rise slightly even as traders continue to bet on a December rate cut [Reuters] US weekly jobless claims drop to lowest level in more than three years [Yahoo Finance] Companies announced more than 71,000 layoffs last month in worst November […]
[CNBC] Stock futures point to more gains despite ADP report showing job losses: Live updates [CNBC] November private payrolls unexpectedly fell by 32,000, led by steep small business job cuts, ADP reports [CNBC] Mortgage rates finally moved lower last week, but that didn’t do much for demand [Yahoo/Reuters] The AI frenzy is driving a new […]
SPECIAL OFFER FOR MWC LISTENERSElliott Wave International is offering McAlvany Weekly Commentary listeners one month of access to the Financial Forecast, Theorist, and Short-Term Update for just $11.Claim the offer here: https://www.elliottwave.com/david SHOW NOTES This week on the McAlvany Weekly Commentary, we continue our two-week exploration of technical analysis. Today, David welcomes Steven Hochberg and […]
[CNBC] Stocks rebound as bitcoin bounces, tech stocks gain: Live updates [Yahoo/Bloomberg] Crypto’s Retail Traders Hit Hard as Strategy ETFs Plunge 80% [Yahoo/Bloomberg] The Fed Has Rarely Been So Divided Over Its Long-Term Plan for Interest Rates [Yahoo/Reuters] US online spending surges to $44.2 billion during five-day holiday shopping, Adobe data [Yahoo/Bloomberg] Big Tech’s ‘Spend […]
