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A Period of Consequences This was a very volatile week on Wall Street as asset prices whipped around at breakneck pace. Ultimately, however, the overall trajectory for prices was decidedly lower. Without question, the theme of the week was higher interest rates for longer, and markets didn’t like it one bit. On Wednesday, the Federal […]
[Reuters] House Republicans try long-shot strategy to avoid US government shutdown [Reuters] US government shutdown: What is it and who would be affected? [Reuters] GM, Stellantis dealers and customers face dwindling parts as UAW strike expands [CNBC] Credit card losses are rising at the fastest pace since the Great Financial Crisis [Yahoo/Bloomberg] Charting the Global […]
Mohamed El-Erian: “I worry that the economic and policy signals coming out of this Federal Reserve press conference may come across to many as both confused and confusing. Some will deem this an inevitable consequence of this phase of the inflation and policy cycle; others will view it as further evidence of challenged Fed communication.” […]
[Yahoo/Bloomberg] Futures Signal Some Respite After Bruising Week: Markets Wrap [Reuters] Yen falls after BOJ stands pat on easy policy; dollar elevated [Yahoo/Bloomberg] Oil Rises Toward $94 as Tightening Market Vies With Hawkish Fed [Yahoo/Bloomberg] Another Yield High as US 10-Year Jumps Above Key 4.5% Level in Post-Fed Bond Rout [Yahoo/Bloomberg] House Republicans Are Charging […]
This week, we discuss the recent rate hike pause, the real estate market, a potential gold breakout (not just the normal seasonal strength), and the US dollar index. Thanks for listening.
[Yahoo/Bloomberg] Stocks Drop on Hawkish Fed; Pound Falls: Markets Wrap [Yahoo/Bloomberg] China Stocks Set for 10-Month Low as Economic Pessimism Persists [Reuters] Oil falls as rate hike expectations offset US stock draw [Yahoo/Bloomberg] Traders on Intervention Watch as Yen Hovers Below 150 to Dollar [Yahoo/Bloomberg] Bond Traders See Yields Marching Higher After September Fed Meeting […]
[Yahoo/Bloomberg] Stocks Edge Higher Before Fed; Pound Falls: Markets Wrap [CNBC] 10-year Treasury yield retreats from high last seen in 2007 as Fed policy decision looms [Reuters] Oil falls ahead of Fed rate decision [AP] What will Federal Reserve do next? Any hint of future rate hikes will be key focus of latest meeting [Reuters] […]
Countries Representing 3 Billion People See Gold Hit New All-Time High Oil Up 40%… Naw, That’s Not Inflation Vaulted Program Offers Low Premium Gold Access “Pricing pressure from the oil markets is real on the supply side, which is a hard experience for economists, with the hopes and dreams of Central Bank policy efficacy. It’s […]
