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[Yahoo/Bloomberg] Fed Chair Powell steps into the spotlight at Jackson Hole [Yahoo Finance] All eyes on the Fed at Jackson Hole amid market rebound: What to know this week [AP] Possible work stoppage at Canada’s two largest railroads could disrupt US supply chain next week [AP] Ukrainian troops have struck 2 key bridges in Russia’s […]
Ahead of the Game This week markets got a big dose of economic data. Ultimately, however, that data didn’t change the overarching narrative. Debt has become a huge problem, the economy is slowing, a Fed rate cutting cycle appears set to commence in September, and market instability has accumulated like snow in an avalanche zone. […]
[Reuters] Wall St Week Ahead: S&P 500 rebounds as ‘soft landing’ hopes boost US stocks [Reuters] Short bets in five-year Treasury futures largest on record -CFTC data [Yahoo/Bloomberg] Charting the global economy: US retail sales chugging along [Reuters] Russia says Ukraine used Western rockets to destroy bridge in Kursk region [Reuters] How Russia looked the […]
Markets are certainly Unstable. After trading at a record high of 42,427 on July 11th, Japan’s Nikkei 225 Index was 26.6% lower at August 5th lows. The Nikkei sank 19.5% in just three sessions, only to recover 20.0% in eight sessions. The Nikkei surged 9.3% this week. From the July 10th closing high to August […]
[Yahoo/Bloomberg] Stocks Poised to Close Out Best Week of the Year: Markets Wrap [Reuters] Gold headed for weekly gain as Sept US rate cut views firm [Yahoo/Bloomberg] Oil Slumps at End of Choppy Week in Sign of Fading Risk Premium [Reuters] Japanese stocks head for best week in 4 years as fading growth fears lift […]
Here’s our weekly recap of the precious metals markets for August 14. As of this recording, here is where precious metals stand: The price of gold is up 2.8% to $2,450, from $2410 a week ago. The price of silver is up 4% to $27.54 since last week. Platinum is gaining ground, up 1% to […]
[Yahoo Finance] Stocks rise after retail sales, jobs data as Walmart surges [Reuters] Stocks recover some stability after weeks of turmoil [Yahoo/Bloomberg] Oil Halts Two-Day Drop as Iran Tensions Vie With Stockpile Build [Yahoo/Bloomberg] Iron Ore Hits Lowest Since 2022 as Steel Crisis Rattles Market [CNBC] Consumer spending jumped in July as retail sales were […]
[Yahoo/Bloomberg] Stocks Steady After CPI as UBS Boosts Europe: Markets Wrap [Yahoo/Bloomberg] Oil Rises After Industry Report Points to US Stockpile Drawdown [CNBC] Consumer prices rose 0.2% in July, in line with expectations [Reuters] Morning Bid: US clears inflation decks, NZ cut surprises [Reuters] US junk debt investors cautious of leveraged loans as economy slows […]
