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This week we recap the price surge in gold as it pushed up to $2060 Thursday morning amid further fears of bank failures and stock declines. The Fed raised rates again, which pushed equities further into the red. Is $2,000 becoming the new support for gold, and are the precious metals entering their next stage […]
[Yahoo/Bloomberg] Stocks Drop With ECB; PacWest Slumps: Markets Wrap [CNBC] Regional bank stocks continue to slide on Thursday with PacWest leading the way down 40% [Reuters] Gold steadies after Fed-driven run to near-all-time peak [Reuters] Dollar falls after Fed signals pause; banking woes dent confidence [Yahoo/Bloomberg] Grains Steady After Surge as Markets Size Up Black […]
[Reuters] Stocks climb out of the red as traders wait on the Fed [Yahoo/Bloomberg] US Regional Banks Slump as Rout Deepens on First Republic Flop [Yahoo/Bloomberg] Oil Sinks Below $70, US Regional Bank Rout Deepens: Markets Wrap [Reuters] Economic risks buoy gold above $2,000 as Fed verdict nears [CNBC] Private payrolls surged by 296,000 in […]
Goldman Sachs Housing Affordability Index At Lowest Level Ever Non-confirmation in the DJIA & DJTA Could Spell Trouble Richard Russell: “Every Wealthy Family Should Have 3000 Ounces Of Gold” Housing Hits Record Unaffordability May 3, 2023 “History shows change is the constant. So measuring change and knowing the direction of flows is imperative. Caution even […]
[Yahoo/Bloomberg] Stocks Wobble on Amped Up Policy-Tightening Bets: Markets Wrap [Reuters] Stocks on edge as traders wait on central bankers [Yahoo/Bloomberg] Oil Drops as Product Prices, Chinese Data Highlight Weak Demand [Reuters] Yen sinks to 15-year low vs euro as dovish BOJ contrasts with ECB [Reuters] Fed in stride to pole-vault 5% policy rate, then […]
In the long history of empires, there have typically been detailed accounts of the decline and fall of the center. Greece, Rome, Byzantium, France, Turkey, Spain, the Netherlands, Britain, and others. Typically the empire grows over time, peaks in strength and influence, begins a period of decline, and then collapses from either internal or external […]
[Yahoo/Bloomberg] Stocks Steady, JPMorgan Wins on First Republic: Markets Wrap [Reuters] Oil drops as economic growth concerns offset OPEC+ cuts [Reuters] JPMorgan buys First Republic Bank’s assets after govt auction [AP] First Republic Bank seized, sold to JPMorgan Chase [Reuters] Bond investors fearing recession, boost safety bets ahead of FOMC [Yahoo/Bloomberg] First Republic Talks Extend […]
[Reuters] First Republic auction underway, with deal expected by Sunday [Reuters] Wall St Week Ahead Recession worries simmer beneath US stock market rally [Yahoo/Bloomberg] Fed Seen Boosting Rates Even as Economic Risks Build [Yahoo/Bloomberg] Fed & Co. Confront History of Mistakes as Hiking Cycle Nears End [Yahoo/Bloomberg] Signs Are Mounting That a Debt Crunch is […]
