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Increase Your Ounces Of Precious Metals Through Prudent Trading Decline Number One (Last Week) To Be Followed By Decline Number Two Japan Spooked Out Of Interest Rate Increase “The markets, if I said the man in the street has moved on, he’s not thinking hyper fragility. I’ll tell you that market practitioners—the pros—recognize that last […]
[Yahoo Finance] S&P 500, Nasdaq jump as key inflation data comes in cool [Yahoo/Bloomberg] Oil Snaps Five-Day Rally With Mideast Tensions, OPEC in Focus [CNBC] Wholesale inflation measure rose 0.1% in July, less than expected [Reuters] US manufacturers hit by soaring property insurance costs [Reuters] US small business sentiment near 2-1/2-year high [Reuters] US July […]
Of Elephants and Mice Circuses are no longer as common as they once were, but some in the reading audience might remember the elephant balanced on a very small circular platform. It’s an apt metaphor for our modern economy. The elephantine world economy balances precariously on the small zero interest rate policy (ZIRP). This is […]
[Yahoo/Bloomberg] Stocks Edge Higher at Start of Big Data Week: Markets Wrap [Yahoo/Bloomberg] Gold Advances to Highest in a Week Ahead of US Inflation Data [Yahoo/Bloomberg] Oil Climbs Back Above $80 as Traders Watch for Iran Reprisal [Reuters] Hedge funds retrench on risk, fearful of increased volatility [Reuters] Doves and Hawks [Yahoo/Bloomberg] Foreign Investors Are […]
[Yahoo/Bloomberg] Traders Bet on Wild Swings With CPI Print Set to Test the Market [Yahoo Finance] Whipsaw week for stocks leaves markets ‘on edge’ ahead of busy economic data week [Yahoo/Bloomberg] Olympic Gold Medals Are Worth More Than Ever After Cost of Metals Surged [Reuters] Kursk attack will pressure Russia and ‘restore justice,’ Zelenskiy says […]
[Reuters] Wall St Week Ahead: Rollercoaster week in US stocks leaves investors braced for bumps ahead [Reuters] Short bets in five-year Treasury futures largest on record, CFTC says [Yahoo Finance] $1 million starter homes are common in more than 100 towns in America, Zillow data shows [Reuters] Russia fighting intense battles against major Ukrainian incursion […]
Minsky Moments and the Butterfly Effect Three weeks ago, on July 16th, the S&P 500 closed at an all-time high within spitting distance of a truly priced-for-perfection 5,700. We had AI-to-infinity and Goldilocks economic conditions sending the good ship S&P confidently sailing toward the horizon of higher. Just three weeks ago we had an autopilot […]
For the week, the VIX declined three points to 20.37. The S&P500 was basically unchanged. The Nasdaq100 increased 0.4%. The KBW Bank Index added 0.2%. Germany’s DAX increased 0.3%, and France’s CAC40 added 0.2%. The UK’s FTSE100 slipped 0.1%. Japan’s Nikkei 225 ended the week 2.5% lower. Bitcoin fell 2.6%. Investment Grade CDS was little […]
