More
Dead Center Bull’s-eye With just one short week before the MWM client conference next Friday, and with focus on preparation for that annual gathering, this HAI will be brief. Once again, headline news this week emanated from the labor market. As Bloomberg reported on Wednesday, private payroll firm ADP said that for the month of […]
It’s the type of extraordinary backdrop that flashes “critical juncture”. Ongoing “Terminal Phase Excess” is the culmination of a historic multi-decade global Credit Bubble. The post “liberation day” tariff pause rally – fueled by short covering, the unwind of hedges, powerful FOMO, and feverish late-cycle speculative leveraging – stoked epic excess, certainly including the global […]
[CNBC] Stocks are little changed as AI trade drives market to fresh highs, shutdown grinds on: Live updates [Yahoo/Bloomberg] Gold Set for Seventh Weekly Gain as US Shutdown Clouds Rate Path [Yahoo/Bloomberg] Democrats Dismiss Trump Firing Threats as US Shutdown Drags On [CNBC] Trump administration puts on hold $2.1 billion in Chicago infrastructure projects, Vought […]
Gold moved ever closer to the $4,000 milestone this week, climbing up 3.5%. Silver surged a staggering 8.3% and is approaching $50. Platinum and palladium also joined the rally, both breaking through key resistance levels before slightly pulling back. Even amid a strong week for precious metals, the S&P rose 1.7% and the dollar held […]
[Yahoo/Bloomberg] Gold Holds Five-Day Rally on Fed Cut Bets, US Shutdown Concerns [CNBC] S&P 500 rises as investors look past government shutdown: Live updates [Yahoo/Bloomberg] Goldman Sachs Sees More Upside for Gold on Private Interest [AP] The federal shutdown will cut off vital economic data, including Friday’s jobs report [CNBC] Trump touts shutdown as ‘unprecedented […]
[Yahoo/Bloomberg] Gold Surges to Record as US Government Shutdown Boosts Havens [CNBC] Stocks are lower as government shuts down: Live updates [Yahoo/Bloomberg] Dollar Extends Losing Streak as US Government Shutdown Begins [Yahoo/Bloomberg] Oil Extends Slide With Worries Over OPEC+ Output and US Shutdown [CNBC] Private payrolls declined in September by 32,000 in key ADP report […]
They Will Run It Hot Until It Blows Up Welcome Back To The 1970s: Inflation + Gold Explosion The Chinese Are Buying Gold Like Crazy “So, yeah. Biden did that enormous package and you got inflation. And Trump, doing pretty much the same thing. Then when you lay over China, who’s fighting to keep their […]
[CNBC] Stocks fall as U.S. government shutdown looms, but Wall Street heads for monthly gains: Live updates [Yahoo/Reuters] Oil Extends Drop as Traders Weigh Oversupply Ahead of OPEC+ Meet [AP] US government on brink of first shutdown in almost 7 years amid partisan standoff in Congress [Reuters] Government shutdown nears with no deal in Washington […]
