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[Yahoo/Bloomberg] Microsoft, Meta Platforms Drag Down Nasdaq: Markets Wrap [CNBC] 10-year Treasury yield hovers around 4.3% before Friday’s jobs report [Yahoo/Bloomberg] Oil Drifts Near $69 With US Stockpile Drop, Middle East in Focus [Reuters] Morning Bid: Megacaps spooked, world bonds on edge [Reuters] Big Tech’s AI splurge worries investors about returns ahead of Amazon results […]
[Reuters] US election uncertainty pushes safe-haven gold to record peak [Yahoo/Bloomberg] Stocks Steady as Alphabet Jumps 5% on Earnings: Markets Wrap [Yahoo/Bloomberg] Copper Boosted By China Stimulus Hope Ahead of US Rate Decision [Yahoo Finance] Orange juice futures soar as Cola-Cola prepares for higher costs [CNBC] U.S. economy grew at a 2.8% pace in the […]
45 Countries attend BRIC Summit in Russia Gold seen as antidote to political/economic insanity Listen to Doug Noland’s analysis this Thursday: https://mcalvany.com/wealth/tactical-short-registration/ “Gold is sobriety in a world drunk on credit. Credit markets are where the action will be. Maybe that’s over the next two to three years, not necessarily the next two to three […]
[Yahoo/Bloomberg] Gold Nears Record With Focus on Key US Data and Election Endgame [CNBC] 10-year Treasury yield hits new 3-month high above 4.3% ahead of key data this week [Yahoo/Bloomberg] Stocks Pause With Earnings, Election in Focus: Markets Wrap [Yahoo/Bloomberg] Oil Steadies After 6% Plunge With Focus on Mideast Risk, US Data [Reuters] Morning Bid: […]
Aphorisms can be a treasure trove of wisdom. “The tail wagging the dog” is one such. Few human traits are so pronounced as the urge to control others, particularly those more powerful than the controller—to wag the dog. The first devilish door-to-door salesman offered Eve a bill of goods on this premise. She could supplant […]
[Yahoo/Bloomberg] Stocks Climb, Oil Sinks as Pivotal Week Starts: Markets Wrap [Yahoo/Bloomberg] Oil Plunges as Israel Limits Iran Strike to Military Targets [Yahoo/Bloomberg] Yen Falls, Japan’s Stocks Rise as Traders Weigh Election Impact [Yahoo/Reuters] Fed faces hefty data, political calendar before next policy meeting [Yahoo/Reuters] S&P 500 Profit Beats Disappoint as Season Kicks Into High […]
[Yahoo/Reuters] Japan’s Nikkei and yen set to lurch on political uncertainty [Yahoo/Bloomberg] GDP, Storm-Impacted Jobs Numbers to Set Table Ahead of Fed Policy Meeting [Reuters] Wall St Week Ahead Stocks rally faces gauntlet of tech earnings, jobs data, election [Yahoo/Bloomberg] Big Tech Stocks Lose Some of Their Aura as Earnings Growth Slows [Yahoo Finance] Big […]
All Roads Lead to Inflation Late last Friday, the Treasury Department released its latest Monthly Treasury Statement. As of the end of September, gross interest on US debt has now reached $1.133 trillion for fiscal 2024, almost 30% higher than the $879 billion in gross interest expense just one year ago. The government’s interest expense […]
