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The Goldman Sachs Most Short Index surged 15.0% over the past five sessions. The Semiconductors rallied 10.6%, with Intel up 20.6%, Micron 17.4%, Analog Devices 17.8%, Broadcom 16.2%, and Applied Materials 14.5%. Bloomberg’s MAG7 index jumped 6.3% over five sessions. Google rallied 10.6%, Meta Platforms 10.0%, Tesla 8.8%, and Amazon 7.4%. The small cap Russell […]
[CNBC] Stocks tick higher after CME halt due to data center issue: Live updates [Reuters] Central bank body BIS warns of hedge fund leverage in government bond markets [Reuters] Crypto hoarding company shares under pressure as risk appetite wanes [Reuters] Hassett at the Fed helm could pressure the dollar, investors say [Yahoo/Reuters] Banks in talks […]
[Yahoo/Bloomberg] Global Stocks Hold Steady After Four-Day Rally: Markets Wrap [Reuters] Stocks rise on Fed easing hopes, yen locked in intervention zone [AP] Black Friday arrives with solid momentum despite tariffs and economic uncertainty [Politico] Americans are buckling under medical bills. It could get worse. [Yahoo/Bloomberg] High Coffee Prices Are Here to Stay for Longer […]
[CNBC] Stock futures rise after Dow notches third winning session: Live updates [Bloomberg] Gold Rises as Fed Rate-Cut Hopes Grow and Banks Stay Bullish [Yahoo/Bloomberg] Nvidia’s Stock Is Sinking as Doubts About Its AI Dominance Grow [AP] Fewer Americans sought unemployment benefits last week as layoffs remain low [Yahoo/Bloomberg] US Home-Purchase Applications Surge to Highest […]
This week on the McAlvany Weekly Commentary, David McAlvany interviews technical analyst Michael Oliver, founder of Momentum Structural Analysis (MSA), about what he describes as the most important chart in global markets today: the long-term gold vs. S&P 500 spread. According to Oliver, this relationship has now broken decisively, signaling a major structural shift that […]
[CNBC] U.S. stocks are little changed after tech rally boosts stocks: Live updates [CNBC] Nvidia shares fall 3% on report Meta will use Google AI chips [Yahoo/Reuters] Rising energy costs lift US producer prices in September [CNBC] Private payroll losses accelerated in the past four weeks, ADP reports [Yahoo/Reuters] US retail sales miss expectations in […]
A common theme for the McAlvany analysts is the importance of reality over mirage—and mirage here is a metaphor for myriad human fantasies, illusions, delusions, hopes, assumptions, and poorly based desires. We humans have many ways to avoid the cold, hard, impersonal discipline of reality. Our machinations sometimes sustain our make-believe world for quite a […]
[CNBC] S&P 500 rises as market attempts rebound on holiday-shortened week: Live updates [Yahoo/Bloomberg] Big Tech’s AI Debt Wave Is Threatening to Swamp Credit Markets [Reuters] Record US Black Friday crowds to find fewer bargains amid high prices [Yahoo/Reuters] Fed’s Waller: December cut is appropriate, but action in January more uncertain given coming data [Axios] […]
