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[Reuters] Wall St Week Ahead Investors watching US economic signs as market pulls back, tech teeters [AP] Government shutdown reaches its 40th day as senators work through a crucial weekend [Yahoo/Reuters] Fear Is Coming Back to the Junk Bond Market [Yahoo Finance] Hiring has dramatically slowed’: What private data says about America’s job engine [CNBC] […]
A Buying Opportunity for the Patient Over recent weeks we’ve seen funding stress resurface as a significant and growing issue for markets. Back in the infamous 2019 “Repo Crisis,” once the fed funds rate went above interest on excess reserves, it was a sign that U.S. deficits had begun to crowd out and overwhelm the […]
[Politico] Trump clings to filibuster demand as shutdown drags on [AP] What to know about the flight cancellations at US airports caused by the government shutdown [AP] Republicans swat down Democratic offer to end shutdown as impasse continues into 38th day [Axios] Trump scrambles for minerals to break dependence on China [Yahoo/Bloomberg] Trump Orders DOJ […]
The Nasdaq100 enjoyed one of those well-timed Friday afternoon rallies (1.9% off morning trading lows) to somewhat ease concerns. Still, Nvidia sank 7.1% this week. Meta Platforms and Microsoft fell 4.1%, and Tesla dropped 5.9%. Microchip Technologies lost 9.8%, AMD 8.8%, Qualcomm 5.5%, and Broadcom 5.5%. The Semiconductor Index (SOX) fell 3.9% (down 7.4% w-t-d […]
[CNBC] Stocks fall Friday with tech shares weak again, Nasdaq headed for big weekly loss: Live updates [Yahoo/Bloomberg] Stocks Face ‘Critical Tipping Point’ as Key Thresholds Tested [AP] Travelers face cancellations and frustration as the FAA orders flight cuts due to the shutdown [Reuters] Impact of US government shutdown far worse than expected, White House […]
Markets remained mostly quiet this week, with gold up 1.2% and silver up 1.3%. The U.S. dollar made a surprising move when climbing up 1.1% and breaking above 100 on the index. As gold looks to take a breather, the momentum backing its increase continues to mount. Worldwide demand for gold reached its highest ever […]
[CNBC] Stocks are steady as traders eye AI trade, Supreme Court on tariffs: Live updates [AP] Shutdown progress in doubt as Democrats grow emboldened from election wins [Reuters] Supreme Court’s ‘major questions’ doctrine looms over fate of Trump’s tariffs [AP] Trump has other tariff options if the Supreme Court strikes down his worldwide import taxes […]
[CNBC] Stocks are little changed, but AMD and some other tech stocks remain under pressure: Live updates [Reuters] Futuristic quantum computing stocks take speculators on roller-coaster ride [Reuters] World Economic Forum chief warns of three possible ‘bubbles’ in global economy [CNBC] Private payrolls rose 42,000 in October, more than expected and countering labor market fears, […]
