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What Goes Up… This was an important week for markets. It did not bring any major change to HAI’s bearish narrative, but rather confirmed it. In five eventful days of news and price moves, stocks were routed, commodities took a hit, and the bond market sold off as yields spiked across the curve. The dollar […]
[Reuters] Japan issues special typhoon warning as ‘unprecedented’ storm approaches [Yahoo/Bloomberg] Ukraine Latest: Biden Warns Russia Against Nuclear Weapons Use [AP] For Russia’s Putin, military and diplomatic pressures mount [Reuters] Putin tells Europe: if you want gas then open Nord Stream 2 [Yahoo/Bloomberg] Goldman Cuts US Growth Forecast for 2023 After Rate Path Change [Yahoo/Bloomberg] […]
Hotter-than-expected August CPI and quarterly options/derivatives expiration made for a toxic mix. “Core” CPI was reported up 0.6% for the month (7% annualized!), double estimates. With the peak inflation narrative having received the blessing of the markets, sinking gas prices, a negative headline print, and rapidly declining y-o-y CPI were the bullish focus heading into […]
[Yahoo/Bloomberg] Stocks Extend Slide as Dollar Keeps Climbing: Markets Wrap [Reuters] Pound falls to 37-year low on anniversary of Black Wednesday [Yahoo/Bloomberg] Oil Set for Third Weekly Drop as Global Demand Concerns Mount [Reuters] Japan signals readiness to act in FX market if sharp yen volatility persists [Yahoo/Bloomberg] Fed Seen Raising to 4% in 2022 […]
All eyes are on the Fed’s next move as difficult economic times for Europe and abroad could be coming. This week we recap gold and silver while diving deep into the challenging times that could be ahead. Thanks for listening if you enjoy be sure to subscribe to our YouTube channel for weekly precious metals […]
[Yahoo/Bloomberg] Stocks Fluctuate as Traders Assess Fed Rate Path: Markets Wrap [Yahoo/Bloomberg] Oil Fluctuates on Demand Concerns, US Reserve Restocking Plan [Yahoo/Bloomberg] Offshore Yuan Drops Past 7 Per Dollar for First Time Since 2020 [Reuters] U.S. railroad strike averted as unions, companies reach tentative deal [Yahoo/Bloomberg] Amtrak Cancels Long-Distance Trains as Rail-Strike Deadline Draws Near […]
