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It’s ironic that the question, “How did you go bankrupt?” is posed in Ernest Hemingway’s book titled The Sun Also Rises. In the context of the United States, and more specifically, the world of equities investment, the more appropriate observation might be, “The Sun Also Sets.” After 40 years of the Fed’s easy-money support of […]
[Yahoo/Bloomberg] US Tech Shares Gain on Earnings Optimism: Markets Wrap [Yahoo/Bloomberg] Euro Leads Broad Gains Against Dollar as Traders Mull Fed Pace [Yahoo/Bloomberg] Oil Climbs as Traders Weigh China Demand Outlook, Russian Supply [Reuters] Businesses see lower odds U.S. in or entering recession, NABE says [Reuters] Japan warns of dire finances as BOJ struggles […]
[Reuters] ECB set to raise rates by 50 basis points in February and March, Knot says [Yahoo/Bloomberg] ECB’s Knot Wants at Least Two More Half-Point Rate Hikes [Reuters] Kishida says he will nominate new Bank of Japan chief next month [Reuters] Chinese pray for health in Lunar New Year as COVID death toll rises [Bloomberg] […]
Commodity Bull – Now or Later? This week, major market indexes were mixed. The Dow Jones Industrials dramatically underperformed, the S&P 500 was also negative, but less so, while the Nasdaq managed modest gains. Bonds were higher, the dollar was lower, but both were little changed. Commodities broadly were up on the week, with oil […]
[Reuters] Biden, McCarthy to meet on debt limit as Yellen warns of consequences [Reuters] Wall St Week Ahead Tech stock rebound faces doubters with earnings season ahead [Yahoo Finance] Fed officials lay the groundwork for slowing rate hikes during busy week of Fedspeak [Yahoo/Bloomberg] Stock Faithful Try to Look Past Bond Market’s Sullen Signals […]
Some headlines from the week: “Fed Officials Signal Slower Pace of Rate Hikes.” “Top Fed Officials Foreshadow Further Slowdown in Rate Increases.” “Fed’s Brainard Lends Support to Slowing Pace of Interest-Rate Rises.” “Fed’s Waller Backs Slowing the Next Rate Hike to 25 Basis Points.” “Fed’s George Says a Soft Landing Still Possible for US Economy.” […]
[Yahoo/Bloomberg] US Stocks Rise as Alphabet to Netflix Boost Tech: Markets Wrap [Reuters] Dollar surges against the yen as nerves fray over economic outlook [Reuters] Gold set for fifth straight weekly rise on Fed slowdown bets [Yahoo/Bloomberg] Top Fed Officials Make Case for High Rates to Cool Inflation [Yahoo/Bloomberg] Fed’s Williams Says There’s More Work […]
Where will gold go now that it has broken above $1900 as geopolitical tensions continue to rise? Silver continues to build in a rising channel. Platinum is back down to the 40-day moving average, as the US Dollar Index drops below the 200-day average. Thanks for listening.
