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Here’s the news of the week – and how we see it here at McAlvany Wealth Management: Gold: Seeing the Unseen The COVID-19 crisis continues to drag on. Cases make daily highs, and the rollback of re-openings continues to unfold nationally. It continues to take its toll on the physical, financial, and emotional health of […]
[Reuters] Stocks jittery as record U.S. virus count curbs risk appetite [Yahoo/Bloomberg] U.S. Treasuries Lead Rally in Long-Dated Bonds on Haven Demand [CNBC] U.S. producer prices unexpectedly fall in June [Reuters] Fed balance sheet below $7 trillion, repo drops to zero for first time since September [Reuters] U.S. recovery in limbo as retail traffic falls […]
Gold pushes above $1800 amid a tense economic climate. Silver has broken up on it’s 5th attempt through a key level, will it press on to $20? Is platinum poised for a large upswing as well following gold? The US Dollar index sees continued weakness as it pushes further down. Thanks for listening, if you […]
[CNBC] Stocks higher as tech shares rise again, jobless claims better than expected [Reuters] China charges on, gold reaches nine-year high [Reuters] Gold holds above $1,800 as virus cases spike [Reuters] U.S. weekly jobless claims stay elevated; labor market improvement stalling [CNBC] A ‘financial war’ with China could be brewing on top of the trade […]
[Reuters] Global shares waver on coronavirus fears [Yahoo/Bloomberg] U.S. Stocks Drift, European Stocks Trim Decline: Markets Wrap [MarketWatch] Gold prices extend climb above 9-year high as traders see few limits to central-bank stimulus [Yahoo/Bloomberg] Trump Aides Weigh Proposals to Undermine Hong Kong’s Dollar Peg [Yahoo/Bloomberg] Traders Skeptical That Trump Will Break Hong Kong’s Dollar Peg […]
Disconnect: 2nd quarter 2020 best in 20 years for stocks as economy collapses If it’s broke… buy it! Hertz & Carnival soar!? Jeremy Grantham: “Own zero stocks… less than zero is not a bad idea” The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick No Football? No Problem! Sports Betting Meets Day Trading […]
[Reuters] Stocks ease after five-day run as virus worries weigh [AP] Global stocks slip as virus outbreaks dim hopes for rebound [Reuters] Pompeo says U.S. looking at banning Chinese social media apps, including TikTok: Fox [CNBC] States in fiscal crisis and cuts to basic services loom as coronavirus ravages local economies [Reuters] Hospitalizations jump 50% […]
[Reuters] Stocks rally to four-week highs as investors bet on China revival [CNBC] Dow futures jump more than 350 points as Wall Street tries to build on winning week [CNBC] Shanghai soars nearly 6%, leading gains in Asia as ‘bull sentiment’ drives markets [Reuters] Dollar in narrow range, yen falls as stocks rise [Reuters] Trump […]
