More
In the same way that denial is not just a river in Egypt, “truth or consequences” is not just a city in New Mexico. Truth is a real thing, and much of the world is getting a refresher course in the consequences of rejecting it as 2024 comes to a close. We’ve spoken often in […]
[Yahoo/Bloomberg] Stocks Steady, Dollar Rebounds as Shutdown Averted: Markets Wrap [Yahoo/Bloomberg] Oil Steadies After Weekly Loss While Traders Weigh Trump Threats [Yahoo/Bloomberg] Bond Traders Face 2025 Amid Most Agonizing Easing in Decades [Reuters] Inflation, elections and war dominated 2024 [Fortune] This is America’s ‘fatal flaw’ as the US bubble gets ready to pop, market expert […]
[Reuters] Wall St Week Ahead Investors hope for ‘Santa Claus’ rally as stocks lose steam [Axios] Biden signs bill funding government through March, averting shutdown [Yahoo Finance] Wall Street reevaluates ‘higher for longer’ rates post Fed meeting: What to know this week [Reuters] Trump says he might demand Panama hand over canal [Yahoo/Bloomberg] China Property […]
Merry Christmas to All! This week was a wild one on Wall Street. The main event was a Wednesday bomb-drop by Jay Powell and the Federal Open Market Committee (FOMC). The explosive ordinance? While, the FOMC cut the Fed funds rate by an expected 25 basis points, they also said that “The balance of risks […]
[Yahoo/Bloomberg] Stocks, Bonds Decline for the Week After Fed Pivot: Markets Wrap [AP] Government funding bill clears Congress and heads to President Biden, averting a shutdown [Axios] Mike Johnson’s magic debt ceiling promise [Yahoo/WSJ] America’s Chip War With China Will Spread [Yahoo/Bloomberg] Tiny But Vital Metal Markets Rush to Adjust to Chinese Clampdown [Yahoo/Bloomberg] Musk’s […]
Friday from Bloomberg: “US Stocks Rise After ‘Major Overreaction” to Fed.” There was certainly more to Wednesday’s steep market selloff than a meaningfully more hawkish Fed statement and Powell press conference. Welcome to Washington dysfunction on steroids meets global market dysfunction. The Musk/Trump memes are entertaining, leaving some of us curious how they’re playing in […]
Remarks from the Federal Open Market Committee meeting after an expected rate cut rocked the markets, with major indexes falling across the board. Let’s take a look at where prices stand as of December 18: The price of gold dropped to $2,560, or over $100 from a week ago. However, it’s still holding above the […]
[Yahoo/Bloomberg] US Stocks Extend Losses as Volatility Spikes: Markets Wrap [Yahoo/Bloomberg] Oil Falls for Second Day on Fed’s Slower Path and Tariff Risks [Yahoo/Bloomberg] EM Central Banks Ramp Up Currency Defense as Dollar Surges Ahead [Yahoo/Bloomberg] Japan Warns on Yen After BOJ’s Dovish Message Extends Slide [Yahoo/Bloomberg] China One-Year Bond Yield Sinks to 1% for […]
