More
“In the long run we’re all dead,” Keynes informed us. He did so in order to stress economic theory’s inability to determine the distant future. That’s true if your economic theory is based on numbers and government control. In the real world the long term is determined by morality, while the short term can be […]
[Yahoo/Bloomberg] Nasdaq Under Pressure as Nvidia Retreats: Markets Wrap [Yahoo/Bloomberg] Oil Creeps Up After Loss as Prices Take Cues From Wider Markets [Yahoo/Bloomberg] Bitcoin Extends Drop After One of Crypto’s Worst Weeks of 2024 [Yahoo/Bloomberg] Yuan Pressure Mounts as Trading Disruptions Appear Once More [Yahoo/Bloomberg] Options Market Signals Volatility on French Vote Likely to Last […]
[Yahoo Finance] Fed’s favorite inflation reading highlights last week of Q2: What to know this week [Yahoo/Bloomberg] NYC Temperature to Approach Record as Heat Sits Over Eastern US [Yahoo/Bloomberg] A Stock Trader’s Guide to Navigating the French Election Turmoil [Yahoo/Bloomberg] Credit’s Strong Run Stumbles for First Time This Year [Yahoo/Bloomberg] Fed’s key inflation gauges may […]
[Yahoo/Bloomberg] Macron Courts Coalition of Rivals to Block ‘Extremes’ From Power [Yahoo/Bloomberg] Charting the Global Economy: BOE Leaves Rate-Cut Hopes Alive [Reuters] Wall St Week Ahead Rally in U.S. big tech stocks may be getting stretched [Reuters] U.S. East Asia envoy says South China Sea situation deeply concerning [Reuters] US aircraft carrier arrives in South […]
An Unnerving Feeling On Friday, Goldman Sachs’ head of execution services, Bobby Molavi, summed up the current market zeitgeist nicely. As Molavi put it, “For a year where the biggest market in the world [S&P 500] has hit its +30th all-time high…and 6 of the 10 biggest stocks in the US hit individual all-time highs…there […]
Here’s our weekly recap of the precious metals markets for June 19. As of this recording, here is where precious metals stand: The price of gold rose to $2,330, up slightly from $2,326 last week. The price of silver is flat at $29.71 per ounce. Platinum is currently $988, up slightly from $967 last week. […]
Let’s get started with domestic. Ten-year Treasury yields traded this week at the lowest level since March. Markets have taken this as confirmation of economic weakening. The market closed Friday pricing a 4.85% policy rate at the Fed’s December meeting, implying two rate cuts (48 bps). Mohamed El-Erian is emboldened, penning his “The Fed Needs […]
[Yahoo/Bloomberg] Risk-Off Mood Puts Bonds in Favor After Weak PMIs: Markets Wrap [Yahoo/Bloomberg] Yen Hangs Firmly in Crosshairs of Intervention Despite Watchlist Warning [Reuters] Cash is leaving China again, pressuring yuan [Yahoo/Bloomberg] Oil Set to Notch Weekly Gain as Stockpile Draw Spurs Bullishness [Yahoo/Bloomberg] Car-Dealer Chaos Arises From Cyberattack on $1.2 Trillion Market [Yahoo/Bloomberg] All […]
