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[Yahoo/Bloomberg] Credit Market Investors are Watching for a Federal Reserve Pivot [NPR] Authorities are urging indoor masking in major cities as the ‘tripledemic’ rages [Reuters] China’s capital swings from anger over zero-COVID to coping with infections [AP] Facing COVID surge, China expanding hospitals, ICUs [Reuters] Russia drones smash power network in Odesa, leaving 1.5 million […]
An Object in Motion In a week light on macroeconomic data and void of any Fed speakers, markets still adopted a decidedly defensive posture. The S&P 500 sold off by 3.37%, market breadth turned negative to the greatest extent since the start of the October equity rally, and each market sector outside of defensive utilities […]
[Reuters] Wall St Week Ahead U.S. stock rally faces gauntlet of CPI data, Fed meeting [Reuters] Analysis: U.S. financial conditions have eased. So far the Fed is okay with it [Reuters] Blackstone may slow the launch of private equity fund after investor withdrawals, Financial Times reports [Reuters] Russian drone attacks target power network in Ukraine’s […]
I’ve been eagerly anticipating the Fed’s Q3 Z.1 report. As expected, Credit growth slowed somewhat. At a seasonally-adjusted and annualized (SAAR) $3.284 TN pace, Non-Financial Debt (NFD) growth slowed from Q2’s SAAR $4.318 TN and Q1’s SAAR $5.438 TN. NFD ended September at a record $68.463 TN, or 266% of GDP. Unless Q4 Credit growth […]
[Yahoo/Bloomberg] Stocks Erase Gains Amid Hot Inflation Data: Markets Wrap [Reuters] Oil set for 10% weekly drop as demand worries dominate [CNBC] Wholesale prices rose 0.3% in November, more than expected, despite hopes that inflation is cooling [Yahoo/Bloomberg] Retail Traders Lose $350 Billion in Brutal Year for Taking Risks [Reuters] U.S. equity funds register biggest […]
This week we review the prices of gold, silver, and platinum. Gold has seen a 12% rise since Nov 3. Silver is up 30% since September 1 and continues to see bullish tendencies as it broke above the previous ceiling/floor. Platinum is up over 30% since September 1 and continues its recent bullish tendencies. Thanks […]
[Yahoo/Bloomberg] US Stocks Climb; Treasuries Rally Stalls: Markets Wrap [Yahoo/Bloomberg] Yuan Faces Reality Check After China Reopening-Driven Rally [Yahoo/Bloomberg] Oil Rises After Four-Day Retreat as China Edges Toward Reopening [Reuters] ‘The worst is yet to come’: the curse of high inflation [Yahoo/Bloomberg] Ukraine Latest: EU to Boost Weapons Fund, Kyiv Holds Rates [Reuters] ‘Too many […]
[Yahoo/Bloomberg] China Reopening Rally Wobbles as Growth Concerns Weigh on Stocks [AP] Stocks decline in Asia, extending losses on Wall Street [Yahoo/Bloomberg] Oil Pares Drop as China Covid Shift Weighed Against Demand Woes [CNBC] Mortgage demand falls again even as rates sink further [Yahoo/Bloomberg] US Mortgage Rates Fall a Fourth Week, Longest Stretch Since 2019 […]
