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[CNBC] Stocks rise as traders look ahead to holiday-shortened week: Live updates [Yahoo/Bloomberg] Tech Stocks Rally as Gold, Copper Hit Records: Markets Wrap [Yahoo/Bloomberg] Gold and Silver Hit All-Time Highs as Geopolitical Tensions Rise [Yahoo/Bloomberg] Netflix Refinances Part of $59 Billion Loan for Warner Bros. [Yahoo/Bloomberg] Yen wallows near record lows on cautious BOJ stance […]
[CNBC/Reuters] Fed’s Hammack says there’s no need to change interest rates for months, WSJ reports [Yahoo/Bloomberg] AI Boom Brings Flood of Debt to Ultrasafe Market: Credit Weekly [Yahoo Finance] How Oracle became a ‘poster child’ for AI bubble fears [AP] Power restored to most in San Francisco after massive outage [AP] These are Americans’ biggest […]
Rational Exuberance Thankfully, it’s that holly-jolly time of year again! For this author, that means it’s the very best time of the year. That said, after heavily delayed and diverted weather-related holiday travel with the family (on the way to see more family), this author is beyond exhausted and very happy to have arrived. To […]
[Reuters] US existing home sales edge up in November as mortgage rates ease [Reuters] Brazil’s Lula warns US intervention in Venezuela could be catastrophic [AP] Russian strike on Odesa kills 8 as US hosts a Kremlin envoy for talks on peace plan [Bloomberg] Trump-Fueled Crypto Boom Fizzles in Brutal Year for Retail Traders [Bloomberg] Charting […]
Seems ominous. Friday’s Bank of Japan 25 bps rate hike was widely expected. Yet 10-year JGB yields still jumped five bps to 2.02%, the high all the way back to February 17, 1999. It’s worth noting that Japan’s government debt-to-GDP ratio surged from 130% in 1999 to 221% (3/31/25). Curiously, the yen sank 1.4% on […]
[CNBC] S&P 500 is little changed after index ends four-day losing run: Live updates [Yahoo/Bloomberg] Yen Weakens Despite BOJ Hiking Rate to Highest Level Since 1995 [Yahoo/Bloomberg] Oil Heads for Second Weekly Decline as Glut Concerns Dominate [CNBC] NY Fed President Williams says some ‘technical factors’ distorted November’s CPI reading downward [CNBC] Trust these numbers? […]
Precious metals showed off another impressive week, with gold climbing 3% and ending at $4,340. Silver surged upwards yet again, rising 8% and right into the mid $60s. Platinum and palladium both soared upwards, both posted double-digit gains. Momentum in the precious metals markets continues as weakening labor data and currency debasement push for more […]
[CNBC] Stocks jump after lighter-than-expected CPI, strong Micron earnings: Live updates [CNBC] 10-year Treasury yield slides after much lighter November inflation than expected [CNBC] November consumer prices rose at a 2.7% annual rate, lower than expected, delayed data shows [AP] US jobless claim applications fell by 13,000 last week as layoffs remain low [Axios] Why […]
