Federal Reserve cut its benchmark interest rate for the third straight time

Federal Reserve cut its benchmark interest rate for the third straight time

The US Federal Reserve cut its benchmark interest rate for the third straight time on Wednesday but is likely to hold off before providing more stimulus as it gauges economic risks. Though President Donald Trump’s trade war with China and Brexit concerns have created uncertainties that have crimped business investment and undermined manufacturing, the American […]

Rising Inflation Augurs Record High Gold Price, Stock Correction

Rising Inflation Augurs Record High Gold Price, Stock Correction

Rising Inflation Augurs Record High Gold Price, Stock Correction $DIA, $SPY, $QQQ, $VXX, $GLD Rising inflation and sagging confidence in the ability of central banks to revive global growth will drive up Gold price, and bullion could climb to a record in the next 2 years. Consumer prices are set to rise as Crude Oiil […]

Fed ‘Beige-Book, “US Economy Has Slowed”

Fed ‘Beige-Book, “US Economy Has Slowed”

Fed’s ‘Beige-Book, “US Economy Has Slowed” $DIA, $SPY, $QQQ, $VXX The economy grew at a slowed pace this past Summer in 8 of the Federal Reserve’s 12 US  districts, a slowdown from prior reports that will make US Fed policymakers cautious about an interest rate hike anytime soon. The Fed’s ‘Beige Book’ survey of business […]

Gold Strong on US Fed Uncertainty and BOJ’s Stimulation

Gold Strong on US Fed Uncertainty and BOJ’s Stimulation

Gold Strong on US Fed Uncertainty and BOJ’s Stimulation $GLD, $SLV After Wednesday’s FOMC statement Gold fell on mildly Hawkish notes of the statement. Then, as the markets digested the Fed’s characteristically non-committal comments that gave no indication as to the potential timing of a future rate hike, the precious Yellow metal surged on the […]

A Stock Market History Lesson

A Stock Market History Lesson

A Stock Market History Lesson $DIA, $SPY, $QQQ Going back to Y 1929, the S&P 500, excluding dividends, has been unchanged on the year just 5 times; Y’s 1947, 1948, 1970, 2011, and 2015.  Meaning, the success rate of hold a Neutral stance on the market in the 86 years between Y’s 1929 and 2015 […]

ECB’s Mario Draghi Ignores German Criticism of Loose Money Policy

ECB’s Mario Draghi Ignores German Criticism of Loose Money Policy

ECB’s Mario Draghi Ignores German Criticism of Loose Money Policy $DIA, $SPY, $QQQ, $VXX Thursday, European Central Bank (ECB) President Mario Draghi ignored German criticism of the central bank’s ultra-loose monetary policy and vowing to use all the “tools” at his disposal for “as long as needed.” He said the ECB’s policy was working, which helped boost […]