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[Yahoo/Bloomberg] Stock Rally Hits Wall After Earnings Disappoint: Markets Wrap [Reuters] Dollar gains ground; subdued yen prompts Japan warning [Yahoo/Bloomberg] Oil Drops With Bearish US Stockpiles Compounding Weaker Outlook [CNBC] Gold bars are selling like hot cakes in Korea’s convenience stores and vending machines [Yahoo/Bloomberg] Cocoa’s Dizzying Volatility Is Spilling Into the Coffee Market [Yahoo/Bloomberg] […]
Can This Be Called Another Powell Pivot? Chinese Selling Of U.S. Treasuries To Buy Gold Cannot Be Ignored FED “Slows” Tightening Instead of Cutting Rates “Powell would have to embrace potentially unbearable political pressure to resolve the inflation problem. What are the odds of him doing so in an election year? Claims of political independence. […]
[Yahoo/Bloomberg] Stocks Gain on Bank Earnings, Rate Cut Optimism: Markets Wrap [Yahoo/Bloomberg] Global Bond Rally Faces Supply Test as US Refunding Kicks Off [Reuters] US dollar inches up; Aussie, yen slide [Yahoo/Bloomberg] Oil Steadies as Israel Rejects Cease-Fire Proposal for Gaza [Yahoo/Bloomberg] Copper Touches $10,000 Again as Goldman Sees ‘Stockout’ Risk [Yahoo/Bloomberg] China Gold Buying […]
Mental illness is real, and it’s an unmitigated horror. Those who suffer from it and those who love and/or care for them can attest to the over-the-top level of difficulty involved. Yet mental illness doesn’t just wreak havoc by its presence. It also destroys through association. The Soviet Union used accusations of mental illness extensively. […]
[Yahoo/Bloomberg] Stocks Rally as Confidence in Fed Wagers Grows: Markets Wrap [Yahoo/Bloomberg] Yen Wipes Out Friday’s Gain as Market Focus Returns to Yield Gap [Yahoo/Bloomberg] Gold Advances as Investors Weigh Mixed Signals on US Economy [Yahoo/Bloomberg] Oil Rebounds After Weekly Slump as Saudi Arabia Raises Prices [Yahoo/Bloomberg] Emerging-Market Optimism Hit by Fed as Currencies, Debt […]
[Yahoo/Bloomberg] Yellen Counsels Caution on Currency Intervention After Yen Surge [Bloomberg] Souring Profit Outlooks Threaten S&P 500’s 20% Rally [Reuters] Netanyahu says ending Gaza war now would keep Hamas in power [Reuters] Hopes for Gaza ceasefire appear slim as Cairo talks continue [CNN] Israel to close Al Jazeera news network in the country [AP] Ukraine […]
Stagflationary Winds Last week, HAI noted this author’s suspicion that inflation will not be the dominant driver of Fed policy. Instead, signs of a weakening economy will likely provide the Fed an excuse to administer rate cuts it already seems anxious to deliver. This week, Jay Powell at the post-FOMC presser seemed to confirm that […]
[AP] Egypt media cite progress in truce talks as Israel downplays chances of end to war with Hamas [Yahoo/Bloomberg] Bond Market Parties On as Jobs Data Revive Fed Rate-Cut Bets [Reuters] Fed’s Williams says 2% inflation target ‘critical’ [Yahoo/Bloomberg] Traders Spooked by Intervention Risk Trim Record Yen Shorts [AP] Houston braces for flooding to worsen […]
