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“Bubbles go to unimaginable extremes, and then double (quadruple for this cycle).” “Call a Bubble’s demise at your own peril.” Maxims notwithstanding, has history’s greatest Bubble reached a critical juncture? Only time will tell, of course. But I’ll tell you, today’s environment looks about as I would expect the craziest of endgames to play out. […]
[Yahoo/Bloomberg] Nasdaq up 1% With Focus on PCE Data: Markets Wrap [Reuters] Yen bags the limelight with strongest week in 3 months [Reuters] Gold rises after sharp sell-off, focus shifts to US inflation data [Yahoo/Bloomberg] Oil Eases as Traders Weigh Sluggish China and US Stockpile Data [Yahoo/Bloomberg] Yen’s Gain Sparks ‘Widespread Liquidation’ Across Markets [Yahoo/Bloomberg] […]
Here’s our weekly recap of the precious metals markets for July 24. As of this recording, here is where precious metals stand: The price of gold is at $2,400 down just over 2% — coming off a high of $2455 from a week ago. The price of silver is down 4% at $29, declining from […]
[Yahoo/Bloomberg] Stocks Extend Losses as Worries Go Beyond AI Froth: Markets Wrap [Reuters] Tech tailspin whacks world stocks, yen roars to 2-1/2-month peak [Yahoo/Bloomberg] Treasuries Lead Global Bond Rally as Traders Bet Cuts Are Near [Reuters] Yen jumps as carry trades unwind, risk mood sours [Yahoo/Bloomberg] Markets Tear Up the Popular Trades That Reached ‘Stupid […]
[Yahoo/Bloomberg] Stocks Slump as Tesla and LVMH Earnings Disappoint: Markets Wrap [Yahoo/Bloomberg] Chinese Stocks in Worst Slump Since January as Policy Hopes Fade [Reuters] Gold prices firm as traders weigh US rate cuts, economic data [Yahoo/Bloomberg] Oil Snaps Three-Day Drop as Report Points to US Stockpile Draw [Reuters] Morning Bid: High earnings bar, Harris polling […]
If You’re Not Afraid, You’re Not Paying Attention We Are Halfway Through The Next Leg Up On Gold Financial Markets Are Divorced From Economic Reality “There is increased awareness around the world about the increased political—international politics and domestic politics—economic and fiscal risks. And there’s an increased concern that it’s getting worse. There’s a myriad […]
[Yahoo/Bloomberg] Stocks Tick Higher as Focus Swings to Tech Results: Markets Wrap [Yahoo/Bloomberg] Oil Holds Decline With Focus on US Stockpiles and China Demand [CNN] 39% of Americans worry they can’t pay the bills [AP] Data shows hurricanes and earthquakes grab headlines but inland counties top disaster list [Yahoo/Bloomberg] Chinese Stocks Slump Amid Signs National […]
Know What’s So Yesterday Joe Biden apparently found out how much he was hurting his political party because what he knew for sure “just wasn’t so” as far as his support in battleground states was concerned. His advisors gave him the bad news, and even in his befuddled state he made the necessary decision. At […]
