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The Fitzgerald Test A recent HAI cited F. Scott Fitzgerald’s famous quote that, “The test of a first-rate intelligence is the ability to hold two opposing ideas in mind at the same time and still retain the ability to function.” When analyzing current financial markets, we must all aspire to pass this “Fitzgerald test.” We […]
[Reuters] Ukraine hits Russian tanker with sea drone near Crimea Bridge [Reuters] Hedge funds turn bearish again as yields spike [Reuters] China’s July economic losses from disasters exceed January-June [NYT] ‘Vindicating’: An Analyst Who Lowered the U.S.’s Credit Rating in 2011 on Fitch’s Downgrade [NYT] The Risks Hidden in Public Pension Funds [WSJ] Another Big […]
The two-year versus 10-year Treasury spread narrowed 20 bps this week, the largest narrowing since the banking crisis week of March 17th. Ten-year Treasury yields rose eight bps for the week to 4.03% – after trading up to 4.20% early-Friday following the release of July payroll data. This was within two bps of the October […]
[CNBC] Stock rise as investors weigh Big Tech earnings, key jobs data: Live updates [Yahoo/Bloomberg] Oil Heads for Sixth Weekly Gain After Saudis, Russia Extend Cuts [Yahoo/Bloomberg] Wheat Gains After Ship Attack Temporarily Shut Russian Port [Yahoo/Bloomberg] Food Prices Pick Up as Trade Tensions, Extreme Weather Flare [CNBC] The U.S. economy added 187,000 jobs in […]
Stocks were down, and treasury yields were up after Fitch Ratings downgraded the US credit rating earlier this week. What does this mean for your portfolio, and how were the precious metals markets impacted? This week we will cover gold, silver, the real estate market, the DOW, and more price movements. Thanks for listening.
Bank Bailout Spurs Bubble Revival Disclaimer: Advisory services are offered by McAlvany Wealth Management, an investment adviser registered with the U.S. Securities and Exchange Commission. The comments made in this audio recording discuss economic and market trends and are not intended as advice for any particular investor. A short selling strategy involves a substantial […]
[Yahoo/Bloomberg] Treasury Rout Unnerves Traders as Stocks Retreat: Markets Wrap [Yahoo/Bloomberg] Year of the Bond Dashed as Treasuries Set for Worst Week of 2023 [Yahoo/Bloomberg] Oil Fluctuates as Risk-Off Mood Vies With Record Inventory Drop [Yahoo/Bloomberg] A Sudden Jump in Volatility Spells Trouble for US Stocks [Reuters] US weekly jobless claims rise moderately; layoffs drop […]
