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Wednesday, August 28, 2024

[Yahoo/Bloomberg] Global Stocks on Edge as Nvidia Countdown Underway: Markets Wrap [Yahoo/Bloomberg] Oil Steadies After Technical Drop as US Stockpiles Seen Falling [Yahoo Finance] Why gold is outperforming nearly everything so far this year [CNBC] Weekly mortgage demand stalls, even though rates drop to lowest since April 2023 [Reuters] US 30-year mortgage rate falls to […]

Markets & Politics Propelled By “Joy”

NVIDIA: $3 Trillion In 21 Months “This Time Is Different” Is Always The Same Jackson Hole Gift Signals September Rate Cut “Politicians will lay claim to the stock market’s success if they have success on their watch, and they’re blamed by others for its failure. And perhaps it’s more coincidence. Perhaps the trends in play […]

Tuesday, August 27, 2024

[Yahoo/Bloomberg] Stocks Waver in Thin Trading Before Nvidia Reports: Markets Wrap [Yahoo/Bloomberg] Oil Steadies After Three-Day Rally as Libya Adds to Supply Woes [Yahoo Finance] US home prices hit a record high in June [Reuters] Focus: Failed sale, appraisal delays behind first loss on a AAA bond since 2008 crisis [AP] Wild week of US […]

When Is Crisis a Tool?

By conquering this new world, compels me now To do what else, though damned, I should abhor. So spake the Fiend, and with necessity, The tyrant’s plea, excused his devilish deeds. John Milton, Paradise Lost No matter your point of view, no matter your level of optimism, any objective view of America today must acknowledge […]

Monday, August 26, 2024

[Yahoo/Bloomberg] Stocks Waver as Investors Assess Rate Path: Markets Wrap [Yahoo/Bloomberg] Oil Rises After Israeli Strikes and Call to Halt Libyan Exports [Reuters] Dollar drops against yen but broadly stable after last week’s decline [Reuters] Gold marches towards record highs as Powell endorses rate cuts [Yahoo/Bloomberg] Gold bulls celebrate Jackson Hole as Powell clears a […]

Sunday, August 25, 2024

[AP] Israel and Hezbollah trade heavy fire before pulling back, jolting a region braced for war [Reuters] Major Israel-Hezbollah missile exchange as region watches for escalation [Yahoo/Bloomberg] Fed’s Powell Nods to Upcoming Strategy Review as Officials Prepare to Cut Interest Rates [Yahoo/Bloomberg] Yuan Carry Trade Can Prosper Even After Yen Version Collapsed [Reuters] China says […]

Not Buying It – August 23, 2024

Not Buying It Due to late summer plans with in-laws this week, HAI will be brief. The market news of the week primarily revolved around a curiously large revision to labor market data, an abundance of dovish Fed speakers setting the table for a September rate cut, and the Fed Chairman himself, Jay Powell, paving […]

Saturday, August 24, 2024

[Reuters] Wall St Week Ahead ‘Super Bowl’ Nvidia earnings stand to test searing AI trade [AP] Takeaways from Fed Chair Powell’s speech at Jackson Hole [Reuters] Swiss finance minister chides US, Europe over ‘time bomb’ debt levels [Reuters] Exclusive: Top U.S. general makes unannounced Middle East trip as Iran threat looms [Yahoo/Bloomberg] ECB Gears Up […]

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