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[Yahoo/Bloomberg] Stocks Wobble as China Bets Fade; Dollar Stalls: Markets Wrap [Yahoo/Bloomberg] Oil Gains After Weekly Loss as China Recovery Competes With Fed [Yahoo/Bloomberg] Adani Stock Bearing the Brunt of Rout Has Lost 76% in Value [Reuters] Biden, in Kyiv ahead of war anniversary, vows support as long as needed [Yahoo/Bloomberg] BOJ Watchers Flag Outside […]
[Yahoo/Bloomberg] Adani Credit Facilities Expose Collateral Web Full of Red Flags [BBC] China may give Russia weapons for Ukraine war, Anthony Blinken warns [Reuters] In meeting, Blinken warns China’s Wang Yi against aiding Russia in Ukraine [AP] N. Korea makes fresh threats, US bombers fly after ICBM test [Reuters] Israel blames Iran for attack […]
Magical Disinflation Theory This week, the S&P 500 broke below its rising trend channel that has defined the rally off of December lows. The channel trend break sets up a possible back test of clustered S&P breakout levels and support zones in the $3,900 to $4,000 range. How the S&P 500 navigates that clustered support […]
[Yahoo/Bloomberg] Charting the Global Economy: Inflation, Retail Sales Climb in US [Reuters] Earthquake death toll passes 46,000; desperation for signs of life [Reuters] North Korea fires long-range missile after warning over military drills [Reuters] China swipes at ‘hysterical’ U.S. at global security gathering [AP] Bird flu costs pile up as outbreak enters second year [WSJ] […]
Data this week confirmed both that “disinflation” is not running wild and that the U.S. economy is not falling off a cliff. A comment by a senior German central banker (Isabel Schnabel) summed up the situation (for Europe and the U.S.): “Markets are priced for perfection… They assume inflation is going to come down very […]
[Yahoo/Bloomberg] Stocks Slide on Hawkish Rate Fears; Dollar Rallies: Markets Wrap [Yahoo/Bloomberg] Dollar Erases Loss for Year as Bets on Bigger US Rate Hikes Grow [Reuters] Goldman Sachs now expects three more Fed rate hikes in 2023 [Yahoo/Bloomberg] BofA Says Says Hard Landing to Hit Stocks in Second Half [Yahoo/Bloomberg] Traders Amp Up Rate […]
This week we look at the gold and silver market. Are we nearing the bottom of an opportunistic drawdown in gold? Silver is following a similar story but with a deeper retracement so far. The 200-day moving average for silver and the 50% retracement line are at roughly the same price. Thanks for watching.
[Yahoo/Bloomberg] US Stocks Drop after Data: Markets Wrap [Reuters] Oil rises on China optimism, market shrugs off U.S. inventory build [CNBC] Wholesale prices rose 0.7% in January, more than expected fueling inflation increase [Reuters] Factbox: The U.S. debt ceiling and markets: Gauging the fallout [Yahoo/Bloomberg] US Rates May Be Heading Higher Than Wall Street or […]
