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[Reuters] Wall Street higher ahead of two-day Fed meet [Reuters] Gold gains as dollar softens ahead of Fed meeting [Reuters] Yuan extends gains to 16-month high as China data boosts risk appetite [AP] Federal Reserve to meet after sharp changes to its outlook [CNBC] 26% of Americans have taken advantage of some type of payment […]
[CNBC] Stocks jump as Wall Street tries to recover after tech struggles [Reuters] Vaccine hopes lift world stocks, but caution creeps in [Yahoo/Bloomberg] Oil Falls Near $37 With Demand in Focus Before OPEC+ Meeting [CNBC] ‘Now is not the time to worry’ about the fiscal deficit or the Fed’s balance sheet, Mnuchin says [Reuters] BIS […]
[AP] What’s next? Devastating fires are latest challenge in West [Reuters] Japan’s Suga says no limit to bonds government can issue [Reuters] Argentina’s Guzman says seeking payment pause with IMF until 2024 – report [Reuters] Once an American foe, now a friend: OPEC turns 60 [Reuters] Second hurricane in a month takes aim at U.S. […]
[Reuters] Wall Street Week Ahead: Fed meeting in focus as stocks wobble and coronavirus bill stalls [AP] US budget deficit hits record $3 trillion through 11 months [Reuters] Japan’s Suga, likely next PM, says ready to top up payouts to ease COVID-19 pain [Yahoo/Bloomberg] Brexit Dread Is Ripping Through U.K. Markets Once Again [CNBC] Wildfires […]
New data released Friday confirm ongoing historic Chinese Credit excess. Total Aggregate Financing increased (a ridiculous) $524 billion during August to $40.5 TN, doubling July’s growth and exceeding estimates by almost 40%. It was the strongest monthly gain since March’s record $759 billion. This pushed y-t-d (8-month) growth to $3.828 TN, up 45% from comparable […]
Here’s the news of the week – and how we see it here at McAlvany Wealth Management: Another Rough Week Yields Mixed Results The market pullback has continued into this week as investors begin to digest the lasting impact of the COVID-19 crisis and how challenging a full economic recovery will ultimately be. There is […]
[Reuters] Stocks rebound as tech rises; Oracle delivers strong quarter [Reuters] Shares struggle to shake off bearish mood as U.S. tech giants fall anew [Reuters] Oil drops on higher inventories, weak U.S. stock markets [Reuters] U.S. consumer prices increase solidly in August [CNBC] A guide to 2020′s most important Senate races [CNBC] U.S. remembers the […]
This week we cover the price movements of gold, silver, the DOW transports, platinum, palladium, the NASDAQ, oil, and more. Gold and silver remain relatively stable as the US Dollar index sees some movement upwards and the Fed continue their inflationary approach. Thanks for listening, if you enjoy be sure to subscribe to our YouTube […]
