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[CNBC] Dow futures tumble 1,200 points as global stock market rout intensifies: Live updates [Yahoo/Bloomberg] Losses Cascade as Traders Look to Fed for Rescue: Markets Wrap [Reuters] US yields slide as traders bet on big Fed rate cuts after weak data [CNBC] Wall Street’s ‘fear gauge’ – the VIX – rises to the highest since […]
[AP] Suspected missile attack by Yemen’s Houthi rebels hits container ship in first attack in 2 weeks [Reuters] Global stock traders face dip-buying dilemma after crushing selloff [CNBC] ‘The summer job is back’: Teens enter the labor force as employers dish out higher wages, perks [Yahoo/Bloomberg] China’s Economy Keeps Gliding on Just One Engine [WSJ] […]
[Reuters] Wall St Week Ahead: Flaring economic worries threaten US stocks rally [Yahoo/Bloomberg] Big Tech’s AI Promises Become a ‘Show Me’ Story For Investors [Yahoo/Bloomberg] Barkin Says Economy Healthy With Key Questions Around Job Market [CNBC] Mortgage rates plunge to the lowest level in more than a year after weak employment report [Reuters] Hedge funds […]
Piercing the Veil In November of 1943, speaking to Joseph Stalin during the Tehran conference, Winston Churchill remarked that, “In wartime, truth is so precious that she should always be attended by a bodyguard of lies.” When the going gets tough, those in positions of power and influence often opt to soften the hard edges […]
Please join Doug Noland and David McAlvany Thursday, August 8th, at 4:00 pm Eastern/2:00 pm Mountain Time for the McAlvany Wealth Management Tactical Short Q2 recap conference call, “Bubbles Being Bubbles.” Click here to register. Global de-risking/deleveraging made The Critical Leap from the “periphery” to the “core” – perhaps decisively. Weaker U.S. economic data, disappointing […]
[Yahoo/Bloomberg] Stock Rout Deepens as Intel Sinks 20%: Markets Wrap [CNBC] Intel shares plunge 22.6% in premarket trading, Nvidia down 4.4% as global chip stocks fall [Yahoo/Bloomberg] Asian Stocks Slump Most Since 2021 as Japan Selloff Deepens [Yahoo/Bloomberg] Japan Stocks Tumble in Biggest Two-Day Rout Since 2011 Tsunami [Reuters] Fears for US economy drive tech-led […]
Here’s our weekly recap of the precious metals markets for July 31. As of this recording, here is where precious metals stand: The price of gold is up to $2,450, or about 3% for the week. However, most of those gains happened within the last few hours of this recording. The price of silver is […]
[Yahoo/Bloomberg] Stocks Advance as Nvidia Adds to Gains: Markets Wrap [Yahoo/Bloomberg] Japan’s Stocks Tumble Most Since 2020 as Exporters Fall on Yen [Reuters] Morning Bid: Fed nods to cut, chips rebound, BoE up next [AP] The number of Americans filing for jobless claims hits highest level in a year [Reuters] US worker productivity accelerates in […]
