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A global minimum corporate tax… who will oversee it? The FED would like to provide you a “safe digital currency” Inflation fallout becoming a “next election” concern The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick The Future Of Crypto? “Innovate, Regulate, Appropriate” May 25, 2021 “Post-COVID we’ve seen a radical shift in control. The world […]
[Yahoo/Bloomberg] Stocks Buoyed by Fed Price Comments; Dollar Slips: Markets Wrap [Reuters] Wall St to test record high on Fed balm as dollar languishes [Reuters] Oil near one-week high as prospect of Iran glut wanes [Yahoo/Bloomberg] Gold Steadies Near Four-Month High Amid Fed Inflation Comment [Reuters] Metals – China crackdown on prices subdues industrial metals […]
[Yahoo/Bloomberg] U.S. Stocks Gain; China’s Stance Weighs on Metals: Markets Wrap [Yahoo/Bloomberg] Oil Rallies Toward $65 With Iran Deal in Focus, Goldman Bullish [Reuters] Crypto miners halt China business after Beijing cracks down, bitcoin dives [Yahoo/Bloomberg] Gold Holds Near Four-Month High Amid Bullish Investor Sentiment [Reuters] Dollar stuck near 3-month lows, bitcoin struggles [Yahoo/Bloomberg] Oil […]
[Reuters] Bitcoin falls 8.9% to $34,156 [Yahoo/Bloomberg] Global Rebound Euphoria Tests Central Bankers’ Nerves on Risk [Yahoo/Bloomberg] Meat Eaters Hit Hardest as Inflation Sweeps U.S. Grocery Aisles [MarketWatch] More investors than ever are borrowing to buy stocks. [Yahoo/Bloomberg] U.S. Corporate Debt Holds Up Amid Market Volatility [Yahoo/Bloomberg] U.S. Cases Halve in a Month; Outbreak Hits […]
Volatility Rising Volatility reigned in markets this week. The VIX volatility index closed the week above $20, with the exception of gold and silver. Commodities sold off, and the U.S. dollar made new lows in its most recent decline. The dollar index is now at a crucial juncture. After breaking below the 90 level several […]
[AP] Biden betting on wage growth, while GOP warns of inflation [CNBC] Workers’ wages are rising at the fastest pace in years. Companies’ profits could take a hit [Yahoo/Bloomberg] No One Was More Shocked by Lumber Mania Than Sawmill Operators [Reuters] COVID-19 deaths in Latin America surpass 1 mln as outbreak worsens [Yahoo/Bloomberg] Solar Storms […]
For the Week: The S&P500 slipped 0.4% (up 10.6% y-t-d), and the Dow declined 0.5% (up 11.8%). The Utilities added 0.4% (up 4.7%). The Banks fell 1.0% (up 35.1%), and the Broker/Dealers declined 1.2% (up 22.6%). The Transports sank 2.8% (up 23.7%). The S&P 400 Midcaps dropped 1.2% (up 16.6%), and the small cap Russell […]
[Yahoo/Bloomberg] U.S. Stocks Rise on Optimism Over Economy: Markets Wrap [Yahoo/Bloomberg] Gold Heads for Third Weekly Gain on Inflation Concerns [Reuters] Dollar heads for weekly loss as traders shrug off taper talk [AP] White House, GOP infrastructure talks reaching key stage [Reuters] Analysis: How the post-pandemic labor crunch is curbing U.S. manufacturing [Yahoo/Bloomberg] Bitcoin’s Claim […]
