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[CNBC] Stock futures rise after Dow notches third winning session: Live updates [Bloomberg] Gold Rises as Fed Rate-Cut Hopes Grow and Banks Stay Bullish [Yahoo/Bloomberg] Nvidia’s Stock Is Sinking as Doubts About Its AI Dominance Grow [AP] Fewer Americans sought unemployment benefits last week as layoffs remain low [Yahoo/Bloomberg] US Home-Purchase Applications Surge to Highest […]
This week on the McAlvany Weekly Commentary, David McAlvany interviews technical analyst Michael Oliver, founder of Momentum Structural Analysis (MSA), about what he describes as the most important chart in global markets today: the long-term gold vs. S&P 500 spread. According to Oliver, this relationship has now broken decisively, signaling a major structural shift that […]
[CNBC] U.S. stocks are little changed after tech rally boosts stocks: Live updates [CNBC] Nvidia shares fall 3% on report Meta will use Google AI chips [Yahoo/Reuters] Rising energy costs lift US producer prices in September [CNBC] Private payroll losses accelerated in the past four weeks, ADP reports [Yahoo/Reuters] US retail sales miss expectations in […]
A common theme for the McAlvany analysts is the importance of reality over mirage—and mirage here is a metaphor for myriad human fantasies, illusions, delusions, hopes, assumptions, and poorly based desires. We humans have many ways to avoid the cold, hard, impersonal discipline of reality. Our machinations sometimes sustain our make-believe world for quite a […]
[CNBC] S&P 500 rises as market attempts rebound on holiday-shortened week: Live updates [Yahoo/Bloomberg] Big Tech’s AI Debt Wave Is Threatening to Swamp Credit Markets [Reuters] Record US Black Friday crowds to find fewer bargains amid high prices [Yahoo/Reuters] Fed’s Waller: December cut is appropriate, but action in January more uncertain given coming data [Axios] […]
[Reuters] Wall St Week Ahead Black Friday puts focus on consumer spending for rocky markets [CNBC] ‘Stakes are high.’ With shutdown over, airlines predict record numbers of travelers this Thanksgiving [Yahoo/Bloomberg] US Retail Sales Are Proving Resilient While Risks Mount [Yahoo/Bloomberg] Private equity firms flood junk debt market to pay themselves [Reuters] Exclusive: DOGE ‘doesn’t […]
Confidence in Destination For many months, HAI’s view has been that the U.S. is all-in on a policy commitment to run the economy hot, inflate the debt away, implement industrial policy, reindustrialize the atrophied U.S. manufacturing base, and attempt to preempt and address (with these stimulatory measures) any economic and/or market crisis that threatens to […]
[Axios] Congress returned after seven weeks and everything blew up [Yahoo/Bloomberg] Trump White House prepares tariff fallback ahead of court ruling [AP] Ukraine’s allies push back on a US peace plan seen as favoring Moscow [Politico] Ukraine’s allies rush to counter Trump’s ‘non-starter’ peace plan [AP] IPO market’s red-hot year has been cooled by the […]
