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There was further evidence this week that loose financial conditions are working their magic. University of Michigan Consumer Sentiment added a stronger-than-expected 1.5 points to January’s strong gain to reach 66.4, the highest reading since January 2022. Current Conditions popped four points higher to a 14-month high 72.6. The Consumer Expectations component was down slightly […]
[Yahoo/Bloomberg] Stocks Fall With Bonds on Hawkish Bets: Markets Wrap [Yahoo/Bloomberg] Adani Stock Rout Deepens as MSCI Cuts Free Float of Some Firms [Yahoo/Bloomberg] Oil Trims Weekly Gain as Slowdown Concerns Counter China Demand [Reuters] Exclusive: Indian regulator probes Adani’s links to investors as Modi’s office is briefed [Reuters] Adani crisis deepens with Moody’s downgrades […]
The Fed raised rates this last week as gold held strong at $1873. Silver hit the 382 fib correction on Tuesday. We will also review gold’s tendency to have a very strong spring season and how this trend has continued for the last six years. Thanks for listening, subscribe to our YouTube channel for weekly […]
[Yahoo/Bloomberg] US Stocks Rise as Earnings in Focus: Markets Wrap [Yahoo/Bloomberg] Adani Stock Rout Resumes as MSCI Says It’s Reviewing Free Float [Reuters] Oil prices steady after U.S. stockpiles swell [AP] More Americans apply for jobless benefits last week [Yahoo/Bloomberg] Bond Investors Are Shrugging Off Surge in Bets on Hawkish Fed [Yahoo/Bloomberg] Credit’s Steep […]
Both the way in and the way out of our current economic difficulties are complex. A lot of people and factors are involved. Still, the money supply issue in particular does seem to involve a relatively simple to understand tug-of-war between Wall Street and Main Street. Loose monetary policy gives Wall Street more money with […]
[Yahoo/Bloomberg] US Stocks Retreat; Oil Extends Gain: Markets Wrap [Reuters] Istanbul bourse suspends trading after main index drops 7% [Yahoo/Bloomberg] Oil Rises After Powell’s Remarks and Signs of Tightening Supply [Yahoo/Bloomberg] Nasdaq’s 2023 ‘Junk Rally’ Flies in the Face of Risky Backdrop [Reuters] Morning Bid: Powell confesses ‘This time it’s different’ [CNBC] Mortgage refinance demand […]
While Speculators Gamble On Bed, Bath, & Beyond… Gold Buying At 4,741 Tons In 2022 IMF Sees Sanctions Driving More Gold Buying Why Are Central Banks Buying So Much Gold February 8, 2023 “In recent weeks, you’ve had production through the refineries being run at 85% of capacity versus 95%, but it’s a little bit […]
[Yahoo/Bloomberg] Stocks Waver Before Powell: Markets Wrap [Yahoo/Bloomberg] Oil Extends Rebound as Saudi Arabia Bets on More Demand in Asia [Yahoo/Bloomberg] Adani Stocks Trade Mixed as Investors Await Slew of Earnings [Reuters] Oil rises on China outlook, supply worries after Turkey earthquake [Reuters] Fed’s Kashkari sticks to 5.4% rate hike view after ‘surprising’ jobs report […]
