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It was an eventful week worthy of some dissection. Markets for the most part corroborated the “higher for longer” and rising global yields thesis. Ample volatility supports the heightened currency instability thesis, with the yen, renminbi, and EM currencies all in the crosshairs this week. The equities speculative melt-up appears increasingly vulnerable. After closing the […]
[Yahoo/Bloomberg] Stocks Dip With Focus on Key Inflation Data: Markets Wrap [Yahoo/Bloomberg] Global Bonds Slide Once Again as Inflation Curbs Rate-Cut Hopes [Yahoo/Bloomberg] Oil Extends Decline With Supply in Focus Before OPEC+ Meeting [Yahoo/Bloomberg] Wheat Jumps Most Since War in Ukraine Due to Weather Swings [CNBC] The Fed’s preferred inflation measure rose 0.2% in April, […]
Here’s our weekly recap of the precious metals markets for May 29. As of this recording, here is where precious metals stand: The price of gold is $2323.37, down 1% from a week ago. The price of silver is $31.92, down nearly 0.5%. Platinum is currently $1038, down $16 or 1.5%. Palladium is at $957, […]
[Yahoo/Bloomberg] US Stocks Drop as High Yields Sour Mood: Markets Wrap [Yahoo/Bloomberg] Yen Rebounds After Weakening to Level of Suspected Intervention [Yahoo/Bloomberg] Traders Are Bracing for a Record-Smashing Summer That Will Shake Up Commodities [Reuters] Dollar ascendant as surging US yields spur demand for safe havens [Yahoo/Bloomberg] Oil Steadies as Traders Look to OPEC+ Meeting, […]
[Yahoo/Bloomberg] Stocks Slide With Bonds After US Yield Spike: Markets Wrap [CNBC] 10-year Treasury yield rises as investors weigh state of economy, weak auction [Yahoo/Bloomberg] Yuan Weakens to Lowest Since November as China Allows Declines [Yahoo/Bloomberg] Oil Extends Gain as Geopolitical Risks Simmer Before OPEC+ Meet [Reuters] Morning Bid: Fed in a bind as consumers […]
China’s Document 9 erases the freedom we hold dear Can the Western freedom model Coexist with a Coercive Eastern World Order? We have entered a New Economic Cold War “Paul Tucker suggests that the current discord between West and East will extend for decades to come. This is potentially civilizational, far beyond the flashpoints of […]
[Yahoo/Bloomberg] Stocks Trade Mixed With Focus on Inflation Data: Markets Wrap [Yahoo/Bloomberg] Oil Steadies as Geopolitical Tensions Rise Before OPEC+ Meeting [Yahoo/Bloomberg] Wheat Hits 10-Month High on Worries Over Black Sea Crops [Yahoo/Bloomberg] Yen Showdown Looms as Traders ‘Obsessed’ With Carry Ramp Up Bets [Reuters] Wall Street braces for faster trade settlement [Reuters] Fed’s Kashkari […]
This Memorial Day, as we reflect on ordinary Americans who did extraordinary things at ultimate cost, it’s also worth reflecting on their character. Character, after all, is the most important measure of a person. A person born in poverty can prove him- or herself to be a giant in character. Likewise, a person to the […]
