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Ominous. Global risk off is gathering momentum, and there’s now a clear and present potential de-risking/deleveraging catalyst. The NASDAQ100 gained 3.5% to close the week at an all-time high. Nvidia surged another 9% this week, increasing y-t-d gains to 166%. Nvidia’s market capitalization added about $270 billion this week to $3.244 TN. Broadcom rose 23%, […]
[Yahoo/Bloomberg] Traders Go Risk-Off as Anxiety Over France Deepens: Markets Wrap [Yahoo/Bloomberg] Yen Edges Lower, Bonds Gain Amid BOJ Policy Uncertainty [Reuters] French bonds and bank stocks rocked by political turmoil [Yahoo/Bloomberg] Macron Election Call Sends French Markets to Worst Week in Years [Reuters] European stocks fall as markets price in French political risk [Yahoo/Bloomberg] […]
Here’s our weekly recap of the precious metals markets for June 13. As of this recording, here is where precious metals stand: The price of gold is flat at $2,326, down 1.2% from last week. Though it had a 4% decline on Friday, between this week’s and last week’s recordings. The price of silver had […]
[Yahoo/Bloomberg] Stocks Hold Firm as Traders Weigh Fed Path: Markets Wrap [CNBC] Treasury yields continue to tumble after PPI fell in May [Reuters] Oil softens on Fed rate decision, ample supply outlook [Yahoo/Bloomberg] Surge in French Bond Positions Shows Mounting Angst About Le Pen [Reuters] US producer prices unexpectedly fall in May [AP] The number […]
[Yahoo/Bloomberg] US Stocks Poised for Gains After Inflation, Before Fed: Markets Wrap [Yahoo/Bloomberg] Peso Gets Crushed as Investors Worry Sheinbaum’s Win Was Too Big [Yahoo/Bloomberg] Oil Rises After Industry Data Points to Lower US Stockpiles [Yahoo/Bloomberg] French Bond Rout Upends Hierarchy in Europe’s Debt Markets [CNBC] Consumer prices unchanged in May and up 3.3% from […]
China’s Document 9 reveals China’s clear differences with western society Rule OF Law vs. Rule BY Law Will the Dollar lose it’s Reserve Currency Monopoly? “But the real moment comes when, because of Suez but slightly later, the British withdraw from East of Suez. The then government of my country accept that they are no […]
[Yahoo/Bloomberg] Traders Head for Safety as Anxiety in Europe Grows: Markets Wrap [Yahoo/Bloomberg] Macron Resignation Rumors Denied After French Bonds Tumble [Yahoo/Bloomberg] Oil Holds Gain Ahead of Fed Rate Decision and Market Reports [Reuters] US small business sentiment up in May [Reuters] Morning Bid: Apple’s AI push and the trouble with Europe [MSN/WSJ] Dockworkers Cancel […]
Austrian economists have been conclusively demonstrating for many decades that economics is not about complex equations, government control, and meticulous planning, it’s about people. Keynesianism, Marxism, fascism, crony capitalism, mercantilism, colonialism, and the rest are about power exercised through government control. Moral capitalism, meaning the free exchange of goods and services within a morally upright […]
