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[Yahoo/Bloomberg] Fed Starts to Confront the Next Big Question: Why to Cut Rates [Yahoo/Bloomberg] Global Rate-Cut Standoff Looms in 2023 Policy Finale [Yahoo/Bloomberg] Milei Is Sworn In as Argentina Braces for His Shock Therapy [WSJ]Why Treasury Auctions Have Wall Street on Edge [WSJ] Renters Are Starting to Get Concessions From Landlords Again [FT] Jay Powell […]
Since the original voice crying in the wilderness 2,000 years ago, there have been many others. Some, such as John Wycliffe and Jan Hus, have had variations on the same message. Others have upheld subordinate but crucial truths in other areas. Galileo Galilei, Isaac Newton, and Ignaz Semmelweis, among others, said that science consists of […]
Patience, Curveballs, and Golden Gifts Many moons ago, Ben Franklin famously said that in this world nothing is certain “except death and taxes.” Perhaps true, but speaking of the comfy confines of financial markets, HAI would add two additional truisms—patience is a virtue, and markets throw curveballs. This week, both market-centric observations are relevant. Despite […]
[Reuters] Wall St Week Ahead Year-end rally in US stocks faces twin tests as Fed, inflation data loom [Yahoo/Bloomberg] Decisive moment arrives with $4 trillion stocks rally at stake [Yahoo/Bloomberg] Charting the Global Economy: US Labor Market Picks Up Steam [CNBC] Household wealth grew 30% between 2019 and 2021—here’s who gained the most [Reuters] China’s […]
Setting the stage for analysis of the Fed’s new Z.1, Q3 was not your typical quarter. For starters, GDP posted a 5.2% growth rate, more than doubling Q2’s 2.1%. Personal Consumption rose from 0.8% to 3.6%, with Gross Private Investment doubling to 10.5%. It was a notably unsteady period for the markets. Strong July gains […]
[Yahoo/Bloomberg] Wall Street on Hold as Jobs to Test Fed-Pivot Bets: Markets Wrap [Yahoo/Bloomberg] China Stocks Test Critical Support Levels as Selloff Extends [Yahoo/Bloomberg] Oil Bounce Fails to Erase Longest Run of Weekly Drops Since 2018 [CNBC] U.S. payrolls rose 199,000 in November, unemployment rate falls to 3.7% [CNBC] Here’s what the market will be […]
Gold prices skyrocketed to $2,135.39 per ounce midday Monday, easily breaking the all-time highs and demonstrating momentum behind the gold price. Throughout the week, the price settled in the mid $2,030 range, sitting firmly above the $2,000 an ounce mark. Gold continues to perform as a safe-haven asset during times of uncertainty as the price […]
[Yahoo/Bloomberg] Stocks and Bonds Churn as BOJ Rattles Traders: Markets Wrap [Yahoo/Bloomberg] Global Bond Rally Stalls as BOJ Hike Bets Meets US Jobs Caution [Yahoo/Bloomberg] Traders Pile Into Bets That End of Negative BOJ Rate Is Near [Yahoo/Bloomberg] Oil Mounts Modest Rebound After Plunging to Five-Month Low [Reuters] U.S. layoffs jumped in November led by […]
