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Into the Storm After another week of data, news, and market moves, the bottom line for markets and the economy is unchanged. In HAI’s view, markets and the economy are incubating dynamics that, in time, are very likely to hatch a nasty recessionary monster. Perhaps relatively sanguine markets at the major index level in this […]
[Reuters] At G7, a warning about economic outlook as US debt crisis looms [Yahoo/Bloomberg] G-7 Finance Chiefs Boost Ukraine Aid, Propose Supply Chain Plan [Reuters] Yellen hopeful of a solution to ‘more difficult’ debt ceiling showdown [Yahoo/Bloomberg] Yellen Plans X-Date Update as She Defends Biden’s Spending Plans [Yahoo/Bloomberg] Recession? Corporate America’s Earnings Say It’s Already […]
Two-year Treasury yields traded at 4.06% Wednesday, just ahead of the CPI data release. Yields sank to 3.87% intraday Wednesday and were as low as 3.81% Thursday – before reversing sharply higher to close the week at 3.99%. Wednesday’s much anticipated CPI report had something for everyone. At 4.9%, y-o-y inflation was below 5% for […]
[Yahoo/Bloomberg] US Stocks Edge Higher as Asian Stocks Fluctuate: Markets Wrap [Yahoo/Bloomberg] Oil Holds Two-Day Drop as Demand Concerns Offset SPR Refill Plan [Reuters] Biden, McCarthy debt ceiling meeting postponed, spending cuts on table [Reuters] Yellen: Still some uncertainty about when Treasury will run out of cash [Yahoo/Bloomberg] Gold Looks ‘Best Hedge’ as Debt-Ceiling Angst […]
This week we discuss the price movements of gold, silver, the US Dollar index, DJIA, and more. The general market has so much uncertainty, with the VIX starting to slide upwards. With more bank instability on the horizon, optimism within the equities sector continues to drop. Gold is poised for further strength as it continues […]
[Reuters] Stocks Waver as Traders Mull Fed; Disney Drops: Markets Wrap [CNBC] PacWest shares tumble 20% after regional bank says deposits fell 9.5% last week [Reuters] Oil Advances as Traders Weigh Inflation Trends and Supply Halts [Reuters] Cost of insuring against U.S. default rises to highest since 2009 [AP] More Americans file for jobless claims, […]
[Yahoo/Bloomberg] Stocks Rise After US CPI: Markets Wrap [CNBC] Treasury yields tumble after April’s CPI increase is less than feared [Yahoo/Bloomberg] US Default Insurance Cost Eclipses Brazil, Mexico as X-Day Nears [CNBC] Inflation rose 4.9% in April from a year ago, less than expectations [AP] US prices pick up, showing inflation pressures persist [CNBC] Mortgage […]
Central Banks Still Big Gold Buyers, Public Yet To Enter Buffett & Munger On Stocks: “Prepare For Lower Returns” Bank Woes Scapegoat Is The Short Seller Not A Bank Run, Just A Rapid Walk May 10, 2023 “Gold sitting here near all time highs. Do we go higher? I think ultimately we do. Nobody knows […]
