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[Yahoo/Bloomberg] Oil Climbs on Saudi Cut While US Stocks Fluctuate: Markets Wrap [Reuters] Oil rises on Saudi plan to deepen output cuts from July [Yahoo/Bloomberg] The Fed’s Interest Rate Strategy Is Getting Tricky as Plans to Skip a Hike Emerge [Reuters] Analysis: Debt-ceiling deal ignores US debt time bomb [Reuters] Forever in debt: Why U.S. […]
Complexity is fascinating to study and mesmerizing to watch. Whether it’s a sidewinder moving across the sand, a strand of DNA, the movement of the ocean, or major markets in action, life and its convoluted processes are really quite wonderful. But complexity involves so many variables that predicting the course of a complex system is […]
“May you live in interesting times” is said to be an ancient Chinese curse. HAI doesn’t know about Chinese curses, but is certain that these are interesting times. On the week, stocks surged, bonds were bid, commodities dropped, the dollar was slightly off, while gold popped. Meanwhile, “interestingly,” stock market complacency is fully upon us […]
[Reuters] Biden signs debt limit bill, avoiding U.S. default [Reuters] OPEC+ holds ‘difficult’ talks on cuts and quotas [Reuters] China seeks dialogue, says clash with U.S. would be ‘unbearable disaster’ [Reuters] China rebukes US, Canadian navies for Taiwan Strait transit [Reuters] Germany to send two warships to Indo-Pacific in 2024 amid South China Sea tensions […]
[Reuters] OPEC+ begins meetings which may lead to further output cuts [Reuters] Analysis: Risk of US downgrade still on the cards despite debt deal [AP] US defense secretary says Washington won’t stand for ‘coercion and bullying’ from China [Reuters] Zelenskiy says Ukraine ready to launch counteroffensive [Yahoo/Bloomberg] A New Wave of Real Estate Pain Is […]
It’s not a close call. If the Fed “Skips” policy tightening at the June 14th FOMC meeting, it will be yet another big policy mistake. The long string of errors has greatly damaged the Federal Reserve’s inflation-fighting credibility. It has also promoted dangerously dysfunctional market structure. At this point, the Fed should err on the […]
[Yahoo/Bloomberg] US Stocks Gain On Strong Jobs Data; Dollar Dips: Markets Wrap [Reuters] Dollar sags as Fed bets ebb, debt bill passes; Aussie soars [Yahoo/Bloomberg] Oil Advances as Market Eyes Weekend OPEC+ Meeting in Vienna [CNBC] Payrolls rose 339,000 in May, much better than expected in resilient labor market [Reuters] Fed ‘skip’ chatter triggers dollar’s […]
Gold sits at $1973 Thursday morning as rumors of Fed policy direction continue to swirl. The debt ceiling non-event has come and gone as silver saw similar action to gold, sitting at $23.82. After a strong corrective bounce last fall, the Dow continues to show weakness with a string of lower highs and lows, now […]
