“Trade War Naysayers Must Apologize”

“Trade War Naysayers Must Apologize”

$DIA, $SPY, $QQQ, $RUTX, $VXX S&P 500 sets new intraday and closing records DJIA +132.66 at 27090.72, NAS Comp +82.87 at 8325.99, S&P 500 +16.87 at 3039.42 Volume: Trade on the NYSE came at 777-M/shares exchanged The S&P 500 set new record highs Monday, increasing 0.6% as trade sentiment remained upbeat and investors reacted positively to corporate news. The NAS Comp (+1.0%) and […]

Stock Traders Bet Fed Will Cut Rates

Stock Traders Bet Fed Will Cut Rates

Unless the market sees radical changes over the coming days, history suggests the Fed will cut, it has never withheld easing against the market’s expectations. The Fed’s last words before the customary silence preceding policy makers’ meetings left traders nearly certain the central bank is about to deliver its 3rd rate cut running. Futures are […]

President Trump Hammers Fed’s Powell, “No Guts, No Sense, No Vision!”

President Trump Hammers Fed’s Powell, “No Guts, No Sense, No Vision!”

$DIA, $QQQ, $SPY, RUTX, $VXX President Trump Tweeted: “Fed, Powell ‘Fail Again’”After FOMC Rate Cut The Fed cut interest rates for the 2nd time since July, and it was not enough for President Trump. President Trump assailed policy makers just mins after their decision Wednesday to cut the benchmark interest rate by 25 bts. “Jay […]

Gold’s Market Price Hanging in Place

Gold’s Market Price Hanging in Place

$XAU $GLD Gold markets traded back and forth during the session Tuesday hanging about the $1500 mark the bottom of the consolidation range, as the 50-Day EMA is there where buyers are clustered. Gold Technical Analysis Video 18.09.19 That does not mean a direct move North right away, but rather there is interest in this market, […]

Wall Street Nears Record Highs Ahead of FOMC Policy Announcement

Wall Street Nears Record Highs Ahead of FOMC Policy Announcement

$DIA, $SPY, $QQQ, $RUTX, $$USO, $XAU, $GLD, $VXX S&P 500 closed higher in front of FOMC interest rate decision Wednesday 9 of the 11 S&P 500 sectors finished higher, led by the real estate (+1.4%), utilities (+0.9%), and materials (+0.7%) sectors. The energy (-1.5%) and industrials (-0.04%) sectors were the sectors to finish in the […]

The Market is Asking, “How low can the Fed go”?

The Market is Asking, “How low can the Fed go”?

$DIA, $SPY, $QQQ, $RUTX, $VXX With US-China trade tensions having roiled financial markets, investors are counting on support for stocks coming from a Fed willing to keep cutting interest rates to help the US economy avoid a severe downturn. A 1/4th pt rate reduction is expected when the FOMC issues its next policy statement this […]

US Consumer Inflation Expectations Mark New Low

US Consumer Inflation Expectations Mark New Low

$DIA, $SPY, $QQQ, $RUTX, $VXX Monday, the S&P 500 closed unchanged, as energy, financials outperformed US consumers’ inflation expectations declined in August and workers grew more pessimistic about their job situation, data from the New York Federal Reserve showed Monday, supporting the case for further interest rate cuts. The New York Fed’s monthly survey of consumer […]

Investors are “Going for the Gold”

Investors are “Going for the Gold”

$XAU $GLD $GDX, $GOLD, $NEM, $USD Investor doubts about the economic outlook and especially a Dovish Fed drove a gold price run in 1-H of Y 2019, sparking  burst of interest in gold investing and gold stocks. The escalating China trade dispute has provided the fuel since 1 August, and a day earlier, the Fed […]

Wall Street Shares Dipped Tuesday, Gold Rallies on Recession Fear

Wall Street Shares Dipped Tuesday, Gold Rallies on Recession Fear

$DIA, $SPY, $QQQ, $RUTX, $VXX Wall Street dipped Tuesday, weighed down by financial stocks as a deepening of the Treasury yield curve inversion raised recession worries again, and uncertainty over the progress in trade negotiations between the United States and China. A deepening of the inversion in the yield curve between the 2-year and 10-year […]

Chairman Powell Challenged at Jackson Hole

Chairman Powell Challenged at Jackson Hole

Fed Chairman Powell comes to this year’s meeting of central bankers in Jackson Hole, WY, wedged between discord within the FOMC over appropriate monetary policy and mounting market pressure for more interest rate cuts. In navigating that gap, Chairman Powell is unlikely to use his Keynote speech Friday at the Kansas City Fed’s annual economic […]

A Divided FOMC Walking ‘The Trump Tightrope’

A Divided FOMC Walking ‘The Trump Tightrope’

$DIA, $SPY, $QQQ, $RUTX, $VXX The S&P 500 increased 0.8% on Wednesday in a broad-based advance. Upbeat results and reassuring guidance from Target and Lowe’s reinforced the notion that the US consumer is in good shape, while investors parsed the FOMC mins from the July meeting.  The Dow Jones Industrial Average increased 0.9%, the Nasdaq Composite increased 0.9%, […]

The Fed is Under Pressure to Ease Further

The Fed is Under Pressure to Ease Further

$SPY Last week, Federal Reserve Chairman Powell cut U.S. interest rates calling the move an insurance policy against the effects of “simmering” trade tensions, may need to buy more coverage after the United States late Monday designated China a currency manipulator. The move by US Treasury Secretary Steven Mnuchin starts a formal process to address […]

ECB Vs Fed in ‘Undeclared’ Currency War…Tensions Rising

ECB Vs Fed in ‘Undeclared’ Currency War…Tensions Rising

FLASH: Fed policy makers reportedly are being forced to cut interest rates because of the European Central Bank’s much-lower policy rate. If losing demand to Europe weakens US growth and threatens to push inflation too low, US rates also must also fall. “The ECB’s policy rate, at minus 0.4%, is already nearly 3 percentage points […]

Fed Cuts Rates, Signals It “May” Not Need to Do More

Fed Cuts Rates, Signals It “May” Not Need to Do More

$DIA, $SPY, $QQQ, $RUTX, $VXX The FOMC cut interest rates as widely expected Wednesday, but Chairman Powell said he did not view the move as the start of a lengthy series of rate cuts. Fed Chairman Powell cited global weakness, trade tensions and a desire to boost too-low inflation in explaining the central bank’s decision […]

Tech Stocks Drive Market Higher

Tech Stocks Drive Market Higher

$DIA, $SPY, $QQQ, $RUTX, $VXX The S&P 500 Information Technology sector (+1.2%) was Monday’s leader, led by shares of Apple (NASDAQ:AAPL) and semiconductor companies. The other 10 S&P 500 sectors hung near their unchanged marks. Apple outperformed after Morgan Stanley raised its price target to 247 from 231. The Philadelphia Semiconductor Index rose 2.0% following […]

President Trump: “The Fed raised & tightened far too much & too fast, must cut now”

President Trump: “The Fed raised & tightened far too much & too fast, must cut now”

Monday, President Trump pushed the Fed to cut interest rates as policy makers ready for their decision this month on whether to do so. “Very inexpensive, in fact productive, to move now,” President Trump Tweeted Monday. “The Fed raised & tightened far too much & too fast.” The President has been attacking the Fed for more […]

Wall Street Fades into the Close, Options Expire with a Whimper

Wall Street Fades into the Close, Options Expire with a Whimper

$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Fed’s Bullard: Rate Cut Will ‘Ratify’ What People Already Expect An interest rate cut may be necessary now, but that does not mean the Fed is on a path to dramatically lower rates, St. Louis Fed President James Bullard said Friday. Mr. Bullard, who argued unsuccessfully for such an […]

US Job Growth Tops Forecast

US Job Growth Tops Forecast

FLASH: President Trump, “The Economy Would Be ‘Rocket Ship’ If Fed Cut Rates” US job growth rebounded strongly in June, with government payrolls surging, but persistent moderate wage gains and mounting evidence the economy was losing momentum could still encourage the Fed to cut interest rates this month. The Labor Department’s closely watched employment report on […]

Fed Needs More Information to Support Rate

Fed Needs More Information to Support Rate

$DIA, $SPY, $QQQ, $RUTX, $VXX Tuesday, a Fed policymaker expressed skepticism that an interest rate cut is the right move until there are more signs the economy is moving to a truly weaker path. “I prefer to gather more information before considering a change in our monetary policy stance,” Cleveland Fed President Loretta Mester said in […]

Wall Street Liked What it Heard From Chairman Powell

Wall Street Liked What it Heard  From Chairman Powell

$SDIA, $SPY, $SOX, $QQQ The S&P 500 (SPY) approached record highs Wednesday after the Fed signaled potential interest cuts later this year, reassuring Wall Street investors worried that the US-China trade war could stall economic growth. Saying it “will act as appropriate to sustain” economic expansion, the Fed signaled rate cuts of half a percentage […]

“Risk Assets Have Room to Run”

“Risk Assets Have Room to Run”

$SPY, $BLK In a report, the majority of BlackRock Inc.’s (NYSE:BLK) Top decision-makers had a simple conclusion after gathering in London last week: A supportive backdrop for risk assets probably has “room to run” for at least 12 more months. Senior leadership at the world’s largest asset manager cited easy monetary policies and few signs […]

President Trump on Jerome Powell’s Future: “Let’s see what he does.”

President Trump on Jerome Powell’s Future: “Let’s see what he does.”

President Trump Tuesday kept up the pressure on the head of the Fed following a report that lawyers at the White House have explored the legality of stripping Jerome Powell of the Fed’s Chairmanship. Asked by reporters outside the White House if he wanted to demote Chairman Powell,  President Trump said: “Let’s see what he does.” […]

President Trump Vs Fed, Gold Wins

President Trump Vs Fed, Gold Wins

$XAU, $GLD, $USD President Trump continues his relentless attacks against the Fed and their strong dollar Tuesday with his most recent Tweets: “This is because the Euro and other currencies are devalued against the dollar, putting US at a big disadvantage. The Fed Interest rate way too high, added to ridiculous quantitative tightening! They don’t […]

Goldie Does Not See the “Insurance” Rate Cut Coming

Goldie Does Not See the “Insurance” Rate Cut Coming

$GS, $CME Goldman Sachs (NYSE:GS) economists said they are skeptical of “insurance” US interest rate decreases from the Fed to forestall possible slowing in US economic growth due to global trade tensions. A surprise escalation in trade tensions between Washington and Beijing since May, together with low inflation, have spurred bets among traders the Fed […]

If you were paying close attention last week you Keyed on This…

If you were paying close attention last week you Keyed on This…

$EURUSD FLASH: Last week, Fed Chairman Powell said, “…we will act as appropriate to sustain the expansion.” With those few words Chairman Powell took the strength out of the argument for a recession because the Fed is very powerful. And with the stock market rallying, President Trump threatening more tariffs on China, stocks are just […]

The US Economy in Longest Expansion Ever.

The US Economy in Longest Expansion Ever.

This month, the US economy has been growing for 10 years running, tying the record for the longest expansion ever. Many people, including journalists and policy makers, see this as a great achievement. “I see nothing to celebrate. On the contrary, I think they are measuring success the wrong way”, says Narayana Kocherlakota He says, […]

Trade, Other Risks, Signal Rate Cut May Be “Warranted Soon”

Trade, Other Risks, Signal Rate Cut May Be “Warranted Soon”

$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX FLASH: Growing expectations for the Fed to cut rates to address slower growth and muted inflation; 2-yr yield drops 12 bpts to 1.83% . St. Louis Fed President James Bullard (FOMC Voter) said that slower economic growth could be sharper-than-expected due to the trade uncertainty. Mr. Bullard added that […]

China Struggling to Grasp President Trump’s End Game

China Struggling to Grasp President Trump’s End Game

$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX Note: The Mins from the May FOMC meeting showed that policymakers are comfortable with the current fed funds rate range while “a number of participants” saw a moderation in risk and uncertainties surrounding their outlooks for the year. The Key takeaway is that the stock market has a reasonable […]

US Not Likely to Suffer Big Damage From China Trade Dispute

US Not Likely to Suffer Big Damage From China Trade Dispute

$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX FLASH: Major averages traded lower on trade uncertainty, Several US companies suspend business operations with China’s Huawei Technologies, Semiconductor stocks underperform, drag the S&P 500 information technology sector and Nasdaq lower Trade tensions with China need to linger for an extended period to cause real damage to the United […]

Fear of Missing Out (FOMO) on Big Gains Driving Market Due North

Fear of Missing Out (FOMO) on Big Gains Driving Market Due North

$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: S&P 500 and NAS Comp marked all-time closing highs The S&P 500 index closed at a record high, surpassing the highs it set last September and recouping all the ground it lost in the Fed engineered attempt to push it into a Bear market late last year. The NAS […]

S&P 500 Up for 7 Day’s Running Seeing 2900 Next

S&P 500 Up for 7 Day’s Running Seeing 2900 Next

$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: The S&P 500 gained 0.5% Friday in a broad-based advance that was supported by a Goldilocks Employment Situation Report for March. The benchmark index advanced for the 7th session running, increasits its weekly gainer to 2.1%, and closed within 10 points of the 2900 level. The US labor market […]

Key US Treasury Yields Lowest Since December 2017

Key US Treasury Yields Lowest Since December 2017

$DIA, $QQQ, $SPY, RUTX, $VXX FLASH: The Benchmark 10-year Treasury yields fell to their lowest levels since December 2017 Monday as investors evaluated last week’s Dovish pivot by the Fed. Last Wednesday the FOMC stunned investors by abandoning projections for any interest rate hikes this year and saying it would halt the steady decline of […]

S&P 500 Flat to Little Changed Ahead of FOMC’s Policy Decision

S&P 500 Flat to Little Changed Ahead of FOMC’s Policy Decision

$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: The latest fund manager survey from Bank of America showed the allocation to equities is at its lowest since September 2016 indicating that managed money missed the 2019 rally and will have to play catch up soon. The S&P 500 advanced 0.7% Tuesday, on Dovish expectations ahead of the […]

Expect Fed to Signal No Rate Hikes Anytime Soon

Expect Fed to Signal No Rate Hikes Anytime Soon

$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Cyclical sectors outperformed, follow-through buying interest came in on no new catalysts. Boeing (NYSE:BA) and Facebook (NASDAQ:FB) extend losses on familiar story lines Patience is the FOMC’s focus now, signaling that it went too far last year with its 4 rate hikes, so no interest rate hikes likely soon. […]

The Rate Hike Holiday is Here!

The Rate Hike Holiday is Here!

US consumers expect prices to rise more slowly, according to the Federal Reserve Bank of New York, a decline in inflation expectations in February that likely reinforces policymakers’ reluctance to hike rates. It showed 1 and 3 year ahead inflation expectations were down 0.2 percentage points to 2.8% last month, with sharp declines in expected […]

Fed Engineered Market Correction Stripped Nearly $4-T from American’s Household Wealth

Fed Engineered Market Correction Stripped Nearly $4-T from American’s Household Wealth

$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: This Bull Market is about to have its 10th Birthday! US household wealth fell 3.5% into the close of Y 2018 on the back of a Fed engineered stock market correction in Q-4 that threatened to weaken a near 10 year recovery. In its Quarterly Flow of Funds report, the […]

Few Reasons to End Fed’s ‘patient’ Stance on Rates

Few Reasons to End Fed’s ‘patient’ Stance on Rates

$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Next Fed rate hike several FMOC meetings ahead With inflation muted, but other risks to the US economy on the rise, the Fed’s patience on policy is nowhere close to running out, with 1 previously Kawkish central banker Tuesday signaling he could wait until at least June before touching […]

Trump Policy: Overhaul the Fed!

Trump Policy: Overhaul the Fed!

When the Fed’s FOMC policymakers met last month and put it 3-year rate-hike campaign on hold and backed ending a yearlong push to shrink their $4-T balance sheet, that was draining the liquidity out of the system and shrinking the wealth of American house holds by the trillions of dollars, they cited increased risks to […]

The FOMC Minutes, What They Mean

The FOMC Minutes, What They Mean

FLASH: The Trump Policy at Work for Americans The Key takeaways from the FOMC Minutes from the 29-30 January meeting, as follows: There was widespread agreement for the FOMC to end shrinkage of the $4-T balance sheet by the end of the year. The timetable ends uncertainty over whether shedding assets would further tighten financial conditions. The […]

“No Need to Hike Rates Again”

“No Need to Hike Rates Again”

$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Trump Policy Traction, FOMC Minutes Due Wednesday Tuesday, New York Fed President John Williams said he is comfortable with the level US interest rates are at now, and sees no need to raise them again unless growth or inflation shift to an unexpectedly higher gear. In an interview with […]

Fed: Slowed Growth May Halt Any More Rate Hikes

Fed: Slowed Growth May Halt Any More Rate Hikes

Last month when the Fed adopted a new “patient” approach to monetary policy, it gave no specific guidance about how long its policy pause would last, or how many more interest-rate increases were ahead. Last week disappointing US retail sales and industrial production data raised the prospect that the US economy is slowing faster than […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold OffUSD FirmCrude Oil UpStocks Steady In Asia Note: China closed all week for the Lunar New Year Gold: Gold prices slipped Monday as risk aversion waned amid some signs of progress in US-China trade talks, while a firm USD kept bullion under pressure. Spot gold was down 0.4% at $1,313.01 oz by 0552 GMT US […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold OffUSD EasedCrude Oil SteadyStocks Up In Asia Gold: Gold fell Friday as investors sought riskier assets on optimism the United States and China ill reach a trade deal, although a pause in US interest rate hikes kept bullion on track for a 2nd weekly increase. Spot gold fell 0.3% to $1,316.95 oz at 0719 GMT. Prices […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold SteadyUSD EasedCrude Oil UpStocks Up In Asia Notes: The Federal Open Markets Committee (FOMC) held its policy-setting meeting and stood pat with a very dovish tone. Officials from Washington and Beijing have launch a new round of trade talks aimed at resolving their disputes. Gold: A surge in gold purchases by central banks to the highest […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold HigherUSD EasedCrude Oil Off a BitStocks Flat to Little Change In Asia Notes: The Federal Open Markets Committee (FOMC) will hold its next policy-setting press conference on 30 January no hike expected. Officials from Washington and Beijing are set to launch a new round of trade talks on Wednesday aimed at resolving their disputes amid […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold SteadyUSD FlatCrude Oil SteadyStocks Higher In Asia Notes: The Federal Open Markets Committee (FOMC) will hold it next policy-setting meeting on 29-30 January. Gold: Gold price broke psyche resistance at 1300 oz Gold futures are hanging near 7-month highs at $1,302.2 oz. Spot gold was last at 1,304.19 after breaking above a the Key psych […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold SteadyUSD FlatCrude Oil downStocks Higher In Asia Notes: The Federal Open Markets Committee (FOMC) will hold it next policy-setting meeting on 29-30 January. Gold: Gold prices held steady Monday, near a 7-month peak scaled in previous session, on hopes the Fed will keep interest rates unchanged during its 2-day policy meeting this week. Spot gold […]

Treasury Traders Nervous

Treasury Traders Nervous

US treasury traders are bracing for heightened volatility next week as Fed Chairman Jerome Powell ushers in a new era of press conferences after every meeting, while the US and China meet again for trade talks. The FOMC is expected to keep interest rates unchanged following the 9 hikes since Y 2015. But investors see […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold SteadyUSD FlatCrude Oil UpStocks Rise In Asia Notes: The Federal Open Markets Committee (FOMC) will hold the next policy-setting meeting on 29-30 January. Washington Thursday signaled it could impose sanctions on Venezuela’s Crude Oil exports as Caracas descends further into political and economic chaos. The US-China trade discussions will provide insight into how talks are […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold SteadyUSD FlatCrude Oil DownStocks Rise In Asia Notes: The Federal Open Markets Committee (FOMC) will hold the next policy-setting meeting on 29-30 January. China reported its lowest annual economic growth since Y 1990 and must stimulate, but its retail markets are expanding widely. China makes up 19% of the world’s economy, the slowdown this year […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold SteadyUSD FlatCrude Oil UpStocks Off In Asia Notes: The Federal Open Markets Committee (FOMC) will hold the next policy-setting meeting on 29-30 January. China reported its lowest annual economic growth since Y 1990 and must stimulate. Gold: Gold prices stood firm Wednesday on higher demand for safe-haven assets over concerns of slowing global economy and […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold OffUSD FlatCrude Oil DownStocks Off In Asia Notes: The Federal Open Markets Committee (FOMC) will hold the next policy-setting meeting on 29-30 January. China’s state planner Tuesday warned that the downward pressure on the economy will affect China’s job market as falling factory orders point to a further drop in activity in coming months and […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Up USD Soft Crude Oil Higher Stocks Up In Asia Notes: The Federal Open Markets Committee (FOMC) will hold the next policy-setting meeting on 29-30 January. UK PM May will return to Parliament Monday to set out how she plans to try to break the BREXIT deadlock after her deal was rejected by […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Steady USD Firm Crude Oil Higher Stocks Up In Asia Notes: A report Thursday saying that Washington was considering lifting some or all tariffs imposed on Chinese imports buoyed financial markets, including Crude Oil. The Federal Open Markets Committee (FOMC) will hold the next policy-setting meeting on 29-30 January. Gold: Spot gold was set for its 5th straight […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Steady USD Firm Crude Oil Lower Stocks Mixed In Asia Notes: Spot gold is about to exit a Neutral range of $1,285-$1,299, and either rise to $1,311 or drop towards $1,268. The Federal Open Markets Committee (FOMC) will hold the next policy-setting meeting on 29-30 January. Gold: Gold has gained for 5 weeks running, but prices have been […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Up USD Lower Crude Oil Steady Stocks Steady including Japan In Asia Notes: On the earnings front, US banks: Goldman Sachs (GS) will be in focus Wednesday Expectations are low with profits for US companies forecast to rise 6.4%, down from an 1 October estimate of 10.2% and a big fall from 2018’s tax cut-fueled gainer of more […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$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 […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$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 […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$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 […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$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 […]

Fed Policymakers Voice Patience on Future Rate Hikes, Rally Extends

Fed Policymakers Voice Patience on Future Rate Hikes, Rally Extends

$DIA, $SPY, $QQQ, $RUTX, $VXX Chicago Fed President Charles Evans (FOMC voter) expects rate hikes to continue, adding that the Fed can show some patience before resuming rate hikes. Boston Fed President (FOMC voter) Eric Rosengren does not rule out changes to the pace of balance sheet reduction on a slowdown. Fed policymakers said last […]

US Stocks Tapping at Bear Market Territory on Uncertainty

US Stocks Tapping at Bear Market Territory on Uncertainty

Stock Market’s Negative Reaction to Fed is “Overblown” $DIA, $SPY, $QQQ, $RUTX, $VXX US Treasury Secretary Steven Mnuchin said Thursday that the negative stock market reaction following the Fed’s rate hike this week was “completely overblown.” Secretary Mnuchin said the stock market overreacted, with computerized program trading taking over and driving stock prices down further. […]

Market Looking for a Dovish Stance from the FOMC Wednesday

Market Looking for a Dovish Stance from the FOMC Wednesday

$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 […]

President Trump Hammers Fed for “Even Considering Rate Hike”

President Trump Hammers Fed for “Even Considering Rate Hike”

$DIA, $SPY, $QQQ, $RUTX, $VXX Monday, just 2 days before the FOMC is expected to raise fed funds rates for a 4th time this year, President Trump and his Top trade adviser ratcheted up their criticism of the Fed’s monetary tightening. “It is incredible that with a very strong dollar and virtually no inflation, the […]

Steady, Sustainable US Economic Growth Means No Recession in Sight

Steady, Sustainable US Economic Growth Means No Recession in Sight

Steady, Sustainable US Economic Growth Means No Recession in Sight The November Employment Report Sustainable is good, job growth is finally trending. The Key Data: Payrolls: +155,000; 3-Month Average: 170,000; Private: +161,000; Revisions: -12,000; Hourly Wages: +0.2% Over-Year: +3.1% What it means: Job gains in November were below expectations. The idea we could sustain hiring […]

Fed to Signal Long Rate Hike ‘Pause’ at December FOMC Meeting

Fed to Signal Long Rate Hike ‘Pause’ at December FOMC Meeting

Fed to Signal Long Rate Hike ‘Pause’ at December FOMC Meeting President Donald Trump’s top economic adviser said he expects the Fed to pause its interest-rate increases for “quite some time” after a possible hike later this month. As Federal Open Market Committee (FOMC) members prepare to meet on 18-19 December, “I think they’re signaling […]

US Economy Cools, Fed’s Powell Hints a Rate Halt in 2019

US Economy Cools, Fed’s Powell Hints a Rate Halt in 2019

US Economy Cools, Fed’s Powell Hints a Rate Halt in 2019 Fed Chairman Jerome Powell has laid out a scenario for a pause in the central bank’s interest-rate hiking campaign sometime next year by highlighting potential headwinds cooling the US economy. Wednesday, Chairman Powell listed 3 possible challenges to growth in Y 2019, they are; […]

FOMC Leaves Key Fed Funds Rate Unchanged

FOMC Leaves Key Fed Funds Rate Unchanged

FOMC Leaves Key Fed Funds Rate Unchanged Little reaction to the FOMC announcement, the major averages now trade little changed from their pre-FOMC release levels. The Fed has left its Key policy rate unchanged but signaled that it plans to keep responding to the strong US economy with more interest rate hikes. The next rate […]

Two Years In, President Trump Holds Stock Market Bragging Rights

Two Years In, President Trump Holds Stock Market Bragging Rights

Two Years In, President Trump Holds Stock Market Bragging Rights $DIA, $SPY, $QQQ, $RUTX, $VXX Wednesday, US stocks rallied with broad gains led by the technology and healthcare sectors as investors made bets that a divided Congress would be good for equities. Democrats won control of the House Tuesday, while President Donald Trump’s Republican party […]

A 2019 Bear Market Event May Trigger a DJIA Move to 40,000

A 2019 Bear Market Event May Trigger a DJIA Move to 40,000

A 2019 Bear Market Event May Trigger a DJIA Move to 40,000 $DIA, $SPY, $QQQ, $RUTX, $MTAFF, $GLGDF, $RGLD, $FNV,$WPM You may recall in January 2016, the DJIA was trading at the 16,000 mark, when Yves Lamoureux, President of macroeconomic research firm Lamoureux & Co., said DIA would top 25,000 within 3-4 years. It did not take […]

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX, $VXX Earnings: Over 20% of S&P 500 companies have reported, 72% have beat The Street estimates Market is concerned about the Fed overreacting, as it always does. China’s economy is in decline Halloween Market Week: Tricks & Treats The US stock market’s technical indicators suggest […]

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