June 9, 2023: Q1 ’23 Z1: Shedding Light on Liquidity Dislocation

Not surprisingly, considering the March banking crisis, Non-Financial Debt (NFD) growth was tepid for the second straight quarter. At a 3.50% rate, Q1 NFD growth (from the Fed’s Z1 report) was up somewhat from Q4’s 3.19%, though it was notably slower than the annual rates in 2022 (5.72%), 2021 (6.35%) and 2020 (12.40%). Seasonally-adjusted and […]

Request A Call with an Advisor

Friday, June 9, 2023

[Yahoo/Bloomberg] Tesla Climbs on GM Pact; US Stocks Drift: Markets Wrap [Yahoo/Bloomberg] Oil Steady This Week as Demand Concern Counters Saudi Supply Cut [Yahoo/Bloomberg] Robusta Coffee Jumps to Record as El Niño Worsens Supply Fears [Reuters] Binance.US suspends USD deposits, pausing fiat withdrawal channels [Reuters] Wildfires spread in Canada’s British Columbia as Quebec stabilizes [Reuters] […]

Where Is Gold’s Next Stop And Will The Fed Raise?

This week we review the price movements of gold, silver, platinum, stocks, and dollar. Are we back to the usual summer seasonal trading activity? The gold-to-silver ratio still sits at 80, which it has spent a lot of time hovering around the last few years. Gold continues to bounce between the 50% retracement and the […]

Thursday, June 8, 2023

[Yahoo/Bloomberg] Stocks Waver in Cautious Trading as Tech Falters: Markets Wrap [Yahoo/Bloomberg] Bonds Everywhere Are Suffering as Rate-Hike Fears Swamp Traders [Reuters] Shares stall as bond markets reprice rate expectations [Dow Jones] Jobless claims leap to 21-month high of 261,000 [Reuters] Analysis: US SEC Coinbase, Binance crackdown puts crypto exchanges on notice [Yahoo/Bloomberg] McCarthy Sends […]

Wednesday, June 7, 2023

[Yahoo/Bloomberg] Stocks Waver With S&P 500 on Edge of Milestone: Markets Wrap [Reuters] Turkish lira drops 7%, signalling move towards free market [Reuters] World shares muted, lira plunges to record low [Yahoo/Bloomberg] Oil Swings as Traders Weigh Demand Concerns Against Saudi Cut [AP] Is it a ‘skip’ or a ‘pause’? Federal Reserve won’t likely raise […]

“Steer” Clear Of A Fake Bull Market

Looming Recession Does Not Support Current Market Chances of June Rate Hike Drop From 70% To 30% The Two P’s Of Investing: Preserve First, Profit Second “Steer” Clear Of A Fake Bull Market June 7, 2023 “If we think inflation is a problem that the Fed and Treasury are trying to solve, we’ve forgotten that […]

Tuesday, June 6, 2023

[Yahoo/Bloomberg] Apple Declines, Oil Retreat Drags Stocks Lower: Markets Wrap [Reuters] World stocks tread water as traders eye Fed pause prospects [Yahoo/Bloomberg] Wheat Jumps on Dam Blast as Fighting Escalates in Ukraine [Reuters] Binance, US affiliate hit by net outflows of $790 mln in last 24 hours [Yahoo/Bloomberg] SEC’s Lawsuit Against Binance Strikes at Heart […]