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Highness is a thing. It’s not just a title for royalty, it’s a critical distinction, a mark of life, a bestower of meaning. When you go for low, you operate in another realm entirely. America goes for low in a big way these days. Robert Duvall’s 2009 movie Get Low was, appropriately, about death. Death goes […]
[Yahoo/Bloomberg] Gold Hits Fresh Record on Mideast Fears and Election Uncertainty [Yahoo/Bloomberg] S&P Drops as Busy Earnings Week Kicks Off: Markets Wrap [Reuters] Oil prices regain some ground after 7% loss last week [Yahoo/Bloomberg] Metals Rise After Chinese Banks Cut Rates to Aid Property Market [Reuters] Morning Bid: Holding stock records, with a golden hedge […]
[Reuters] Wall St Week Ahead Wall Street zeroes in on semiconductors after turbulent week [Yahoo/Bloomberg] ASML Shows Chasm in Chip Land: AI Winners Versus Everyone Else [Reuters] Israel pounds Beirut and Gaza after rockets hit Israel’s north [Yahoo/Bloomberg] The World’s $100 Trillion Fiscal Timebomb Keeps Ticking [Reuters] Boeing exploring asset sales to boost finances, WSJ […]
The Specter of Fiscal Dominance On September 18th, Jay Powell and the Fed initiated a new policy easing cycle with a jumbo 50-basis point rate cut. The outsized cut was unprecedented. It came despite the highest and stickiest inflation at the start of an easing cycle in four decades. The jumbo cut also came despite […]
[Yahoo/Bloomberg] US Interest Burden Hits 28-Year High, Escalating Political Risk [Reuters] Hezbollah fires rockets into northern Israel as Israeli strikes pound Gaza [CNBC] Here’s why inflation may look like it’s easing but is still a huge problem [Yahoo Finance] The housing market is picking up in some of the most expensive regions of the US […]
For a quarter when Wall Street trumpeted the narrative of mounting economic weakness and the need for aggressive rate cuts, they sure enjoyed quite an earnings windfall. Is it legitimate (in this day and age) to fret about a downturn and weakening labor markets with Wall Street absolutely booming? October 16 – Bloomberg (Paige Smith): […]
[Yahoo/Bloomberg] Gold Tops $2,700 for First Time to Extend Record-Breaking Run [Yahoo/Bloomberg] Nasdaq Extends Gains on Netflix: Markets Wrap [Yahoo/Bloomberg] Oil Set for Weekly Loss With Mideast in Focus After Sinwar Death [Reuters] Netanyahu promises more war, dashing peace hopes after Hamas leader killed [AP] Wealthier Americans are driving retail spending and powering US economy […]
We’re looking at primarily increasing prices in the major precious metals indicators. Let’s take a look at where prices stand as of October 16: The price of gold is up about 2.25%, a $60 rise this week and flirting back with those all time highs again at $2,685. The price of silver is up about […]
