$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Steady USD Lower Crude Oil Up Stocks Higher including Japan In Asia Notes: On the earnings front, US banks are in sharp focus with Quarterly results from JPMorgan Chase (JPM), Wells Fargo (WFC), Goldman Sachs (GS) and Morgan Stanley (MS) this week. Monday, Citigroup (C) beat profit estimates. The bank’s shares rose 4.0% and bolstered the S&P financial […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Higher USD Lower Crude Oil Down Stocks Lower sans Japan In Asia Notes: On the earnings front, US banks are in sharp focus with Quarterly results from Citigroup (C) due Monday followed by JPMorgan Chase (JPM), Wells Fargo (WFC), Goldman Sachs (GS) and Morgan Stanley (MS) later in the week. Expectations are low with profits for US companies […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Higher USD Lower Crude Oil Down Stocks Higher sans Japan In Asia Gold: Gold prices climbed Friday as USD retreated on expectations the Fed will pause interest rate hikes if the US economy slows this year, while investors awaited news on progress in the US-Chinatrade talks. Spot gold rose 0.6% to $1,293.55 oz as at 0604 GMT, heading […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Higher USD Lower Crude Oil Down Stocks Higher sans Japan In Asia Gold: Gold prices rose Thursday as expectations that the Fed will pause its rate tightening cycle this year. Spot gold was up 0.2% at $1,295.84 oz as of 0556 GMT, hanging near Friday’s at $1,298.42, a mark last seen in mid-June 2018. US gold futures gained […]
$DIA, $SPY, $QQQ, $RUTX, $VXX S&P 500 retests its February low at 2532.69 for the 3rd session running US stocks declined Wednesday after the Fed’s dovish forecast of fewer interest-rate increases in Y 2019 fell short of investors’ hopes of a more dovish monetary policy. The DJIA fell as much as 500 pts at 1 […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The market is looking for a Dovish stance from the FOMC when it comes to its interest rate projections for Y 2019. Everything will come into view at 2:00p EST Wednesday Investors in pain from a difficult year hope the Fed will align with President Trump’s ‘demand’ for dovishness in […]
Markets Flash ‘Slowdown’, Fed Turns ‘Dovish’ $JPM, $USO The Fed is likely to deliver some response to the wave of risk aversion hitting global markets, according to JPMorgan Asset Management’s fixed-income Chief. Policy makers can hardly ignore inversions showing up on the yield curve while a violent sell-off rocks US stocks on trade tensions, European […]
Expect a Rise in Gold’s Price on Fed’s Dovish Stance on Rate Hikes $XAU, $GLD Gold may be set up to rally as speculation mounts that the Fed will hit the pause button on interest rate hikes in Y 2019. After lift-off in late Y 2015 followed by a rise a year later, the Fed […]
Wall Street Bets Yes, President Trump’s America First Policy Working $DIA, $SPY, $QQQ Friday, US stocks rose as investors bet on progress in US-China trade meeting Saturday, and the S&P 500 and the Nasdaq posted their biggest weekly percentage gains in almost 7 years. DJIA saw its largest weekly advancer in 2 years, as investors […]
Fed’s Dovish Outlook Fuels Broad Based Rally in Stocks $DIA, $SPY, $QQQ, $RUTX, $VXX The S&P 500 extended weekly gainer by 2.3% Wednesday after Fed Chairman Powell said he sees current interest rates “just below” Neutral. His dovish remarks at the NY Economic Club thus providing a rally point of of the Key reversal Monday […]
Fed Chairman Powell, “Rate Hikes Are Not Automatic in Healthy Economy” Fed Chairman Jerome Powell cast a bright picture of the US economy Wednesday and appeared to suggest that the Fed might consider a pause in its interest rate hikes next year to assess the impact of its credit tightening. Chairman Powell’s comments ignited a […]
US Stocks Finished Virtually Flat After Post-Election Spike $DIA, $SPY, $QQQ, $RUTX, $USO, $VXX Stocks in the US drifted Thursday after the big rally Wednesday. The S&P 500 slipped 0.3% Thursday in the wake of the FOMC decision to leave the fed funds rate unchanged as expected. The benchmark index traded slightly below its flat line […]
President Trump is Not Demanding a Monetary Policy Change at the Fed Wednesday, White House economic advisor Larry Kudlow said that US President Trump was not demanding a policy change at the Fed. President Trump heaped more criticism on the Fed Tuesday, calling rising US interest rates his “biggest threat.” The Trump Administration official said […]
President Trump, “Big news coming for American Autoworkers” $DIA, $SPY, $QQQ, $VXX US President Donald Trump said that “big news” was coming that would be welcomed by US auto workers, and he suggested it was somehow linked to NAFTA trade talks. “There will be big news coming soon for our great American Autoworkers. After many […]
Trump’s Fed Chairman Nominee ‘Good News’ for Gold Investors $GLD, $SLV, $USD President Donald Trump’s selection for the next Chairman of the Fed’s Board of Governors will not alter policy much, and could be good news for Gold investors. Trump’s selection of current Fed Governor Jerome “Jay” Powell follows months of public speculation about the […]
DJIA Rises to Record Highs, S&P 500 & NAS Comp Lag $DIA, $SPY, $QQQ, $VXX Thursday, the DJIA climbed to record highs, while losses in Facebook (NASDAQ:FB) kept the S&P 500 and the NAS Comp flat. US investors are now seeing the tax cut plan unveiled by President Donald Trump and the GOP Congress. Market […]
Yellen and Draghi Open Jackson Hole Symposium Friday $USD, $DXY, $EUR The Jackson Hole Symposium is this week’s most anticipated event, in part due to a severe lack of other newsworthy market stories but also because two very important central bankers are scheduled to appear. The Fed and the ECB are not only 2 of […]
Sell in May, Go Away a Bad Play This Year $DIA, $SPY, $QQQ, $VXX The data shows that the S&P 500 has delivered a total return, including reinvested dividends, of 10.8% over the last 6 months, essentially capturing all of the average rolling 12-month total return on the index since Y 1990. The Big Q: […]
Gold’s Price Rise Triggers Mining Stocks’ Rally $GDX, $SBLG, $GFI, $NEM, $EXCFF Just about a week ago it looked like Gold’s Y 2017 rally was running out of steam, and in danger of losing sight of the psych mark at 1,200 oz. A number of major Gold stocks which had outperformed the precious Yellow metal […]
Monday’s Bounce Must Hold for US Market to Continue North $DIA, $SPY, $QQQ, $VXX Last week ended on a low note as the major US stock market indexes all declined more than 2.0% and 3.1% in the case of the Russell 2000 in a selloff. The CBOE Volatility (VIX) Index, meanwhile, spiked 40% in a […]
Monday’s Technical Outlook for DJIA (.DJI) $DIA, $DJI US stocks closed in the Red last Friday, with the DJIA down by 0.33% or 58 pts, to end the day at 17,675.16, the worst week for the index in over a month. The S&P shed 6 pts, to finish at 2,071.22, and the NAS Comp fell […]
US Fed’s Messages Confuse Financial Markets $DIA, $SPY, $QQQ, $VXX The US economy may only need 1 rate hike between now an 2018 (if then) and the US Fed is eroding its credibility by indicating otherwise, St. Louis Fed President James Bullard said Friday, and he is asking for an overhaul of how the Fed […]
Janet Yellen’s Remarks Anything But “Dovish” Monday, US Federal Reserve Chairwoman Janet Yellen said that interest rate hikes are likely on the way because “positive economic forces outweigh the negative” for the United States now that risks from earlier this year have diminished. In Monday’s public comment from any US central banker before a Key […]