Gold Marks 6-Year Highs on Renewed Safe-haven Demand

Gold Marks 6-Year Highs on Renewed Safe-haven Demand

$XAU $GLD $USD Friday, gold marked fresh 6-year high after the US-China dispute intensified and Fed Chairman Powell said the US economy faces “significant risks” from slowing global growth. Gold climbed after China announced it will impose additional tariffs in retaliation for President Trump’s latest planned tariffs. President Trump then said he would respond to […]

Gold Traders Kept ‘Powder Dry’ Ahead of Fed’s Jackson Hole Summit

Gold Traders Kept ‘Powder Dry’ Ahead of Fed’s Jackson Hole Summit

$XAU $GLD $USD Gold is an asset that will never produce anything, but that does not mean it will never produce a profit for investors. Gold prices moved lower Thursday and consolidated in a tight range as USD initially moved higher. This happened despite slightly better than expected EU PMI Flash numbers. The Jackson Hole […]

President Trump: “Fed Could Fuel ‘Record-Setting’ Economy With Rate Cuts”

President Trump: “Fed Could Fuel ‘Record-Setting’ Economy With Rate Cuts”

$USD Thursday, President Trump said U economic growth could be record-setting if the Fed would lower interest rates further, as econ reports Thursday painted a mixed picture of the nation’s economy. “The Economy is doing really well. The Federal Reserve can easily make it Record Setting,” President Trump said on Tweeted. The government Thursday said initial claims […]

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 Pressure is on the Fed to Cut Rates

The Pressure is on the Fed to Cut Rates

Wednesday, President Trump continued his pressure the Fed and its Chairman to lower interest rates, saying its policies were hampering US growth and reducing the country’s ability to compete economically. “Doing great with China and other Trade Deals. The only problem we have is Jay Powell and the Fed. He’s like a golfer who can’t […]

Jackson Hole is the Perfect Place for Chairman Powell to Declare a Fed Rate Cut

Jackson Hole is the Perfect Place for Chairman Powell to Declare a Fed Rate Cut

Fed Chairman Powell opens the central bank’s annual Jackson Hole symposium Friday with a speech on the challenges for monetary policy. A deglobalization shock ignited by President Trump’s trade policy; super low interest rates, including $16.7-N in negative-yielding bonds; a never-ending presidential assault on the Fed; and a rising risk of a US and worldwide […]

President Trump Urges Fed Rate Cut of 100 Bpts, the Market is Giving Chairman Powell Little Choice

President Trump Urges Fed Rate Cut of 100 Bpts, the Market is Giving Chairman Powell Little Choice

Monday, President Trump stepped up his assault on the Fed, urging it to cut interest rates by a full percentage point to aid global growth while complaining the “dollar is so strong that it is sadly hurting other parts of the world.” “The Fed Rate, over a fairly short period of time, should be reduced […]

President Trump, “US economy is doing very well, no recession in sight”

President Trump, “US economy is doing very well, no recession in sight”

Sunday, President Trump said the economy is “doing very well” and dismissed concerns of recession, offering an optimistic outlook after last week’s dip in the financial markets. “I don’t think we’re having a recession,” President Trump told reporters as he returned to Washington from his New Jersey golf club. “We’re doing tremendously well. Our consumers […]

Gold Headed to $2,300 oz, Stocks Seen Much Higher Too

Gold Headed to $2,300 oz, Stocks Seen Much Higher Too

$DIA, $SPY, $QQQ, $RUTX, $VXX, $XAU, $GLD The US stock market finished mixed Thursday, as investors weighed the resiliency of the US consumer Vs growth concerns. The S&P 500 (+0.3%) and DJIA(+0.4%) finished higher, while the NAS Comp (-0.1%) and Russell 2000 (-0.4%) finished lower. The overall uncertainty from the US-China trade dispute is high […]

Tame Producer Inflation Supports Case for Another Fed Rate Cut in September

Tame Producer Inflation Supports Case for Another Fed Rate Cut in September

US producer prices increased moderately in July, lifted by a rebound in the cost of energy products, while underlying producer inflation retreated, which could allow the Fed to cut interest rates again next month. The benign inflation report from the Labor Department on Friday could boost expectations for a half-percentage-point cut at the Fed’s 17-18 Sept. policy […]

President Trump, “Fed Behind Market Turmoil, Not Trade War”

President Trump, “Fed Behind Market Turmoil, Not Trade War”

$DIA, $SPY, $QQQ, $RUTX, $VXX Wednesday, President Trump targeted Fed policy as the reason for this recent market turmoil. In raising interest rates 4X last year “the Federal Reserve acted far too quickly, and now is very, very late,” in reversing itself and cutting borrowing costs, President Trump tweeted. “Too bad, so much to gain on […]

Analysts See Fed Cutting Interest Rates in September

Analysts See Fed Cutting Interest Rates in September

$MS, $GS Morgan Stanley (NYSE:MS) analysts said Monday that they now expect the Federal Reserve to cut rates in September and then again in October. “Trade’s ‘simmer’ has begun to boil, business sentiment and capex have softened further, global growth remains weak and inflation expectations have fallen,” while the gap between 3-month US3MT=RR and 10-year […]

US Economic Growth Short of President Trump’s Goals

US Economic Growth Short of President Trump’s Goals

$DIA, $SPY, $QQQ, $RUTX, $VXX President Trump blames the Fed for putting the US economy at risk while data shows an economy in “reasonably good” shape, as the Chairman of the central bank recently said. But,”reasonably good” is not what President Trump promised to deliver during his Y 2016 campaign, and at this point he […]

President Trump Demands Strong Rate Cut, Market Turns a Solid Green, Wall Street Loves ‘Cheap Money’

President Trump Demands Strong Rate Cut, Market Turns a Solid Green, Wall Street Loves ‘Cheap Money’

$DIA, $SPY, $QQQ, $RUTX, $USD, $VXX The US stock market finished solidly in the Green Thursday, as trade anxiety subsided and investors embraced a risk-on mindset. The S&P 500 advanced 1.9%, which extended its 2-day bounce to 112 pts, or 4.0%, from its session low Wednesday.  Thursday, President Trump again expressed dissatisfaction with USD’s strength, […]

“Gold’s Rally Above $1,500 oz is Just the Beginning”

“Gold’s Rally Above $1,500 oz is Just the Beginning”

$XAU, $GLD,$USD, $GS Analysts at Goldman Sachs (NYSE:GS) predict that gold prices already at 6-year highs will climb to $1,600 oz over the next 6 months as investors seek safe-havens. The dimming global economic outlook, driven by heightening trade tensions between the US and China are boosting gold’s appeal as a hedge against financial chaos. […]

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 […]

PBoC Taking Steps to Limit RMB Yuan Fall After the Currency’s Blacklisting

PBoC Taking Steps to Limit RMB Yuan Fall After the Currency’s Blacklisting

$CNH, $CNY, $USD FLASH: China will not use its currency as a tool in its dispute with the US China took steps to slow it RMB Yuan’s dive, as the effects of Monday’s plunge weighed on financial markets. The People’s Bank of China (PBoE) set the daily currency fixing stronger than analysts expected and announced […]

Fed Rate Cut is a Step in the Right Direction

Fed Rate Cut is a Step in the Right Direction

$DIA, $SPY, $QQQ, $RUTX, $VXX Employment report showed solid jobs growth in July Major averages found buying support at 50-Day MAs INDUSTRY WATCH Strong: Real Estate, Utilities, Consumer Staples Weak: Information Technology, Energy, Materials The CBOE Volatility Index has come down from prior levels. Currently, the VIX is up 0.7 pts, or 4.4%, to 18.61. […]

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 […]

Gold Gained Friday as US Inflation Offset GDP Data

Gold Gained Friday as US Inflation Offset GDP Data

$GLD, $XAU Gold prices rose Friday, after slipping to more than 1-week lows in the prior session, as soft US inflation numbers offset better-than-expected Q-2 economic growth that kept bets alive for an interest rate cut next week. Spot gold was last seen up 0.4% at $1,419.10 oz Friday, but still on track for the […]

Good News and Earnings are Driving This Market

Good News and Earnings are Driving This Market

$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Wall Street Liked the Trade News and Earnings Reports Moving this Market S&P 500 closes above 3000, boosted by encouraging trade news and positive earnings, guidance from widely-held companies High-level trade talks will reportedly continue in China next week from Monday to Wednesday 10 of 11 S&P 500 sectors […]

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 […]

US Stock Market’s Direction is Based on Fed

US Stock Market’s Direction is Based on Fed

$SPY The US stock market finished lower last week on relatively low volume and volatility. Perhaps it was the pre-conceived negative earnings expectations due to reports released before the results season started that fueled the lackluster price action. Perhaps it was options expiration. Uncertainty over the size of the expected Fed rate cut at the […]

Fed’s Balance Sheet is in the Trillions, Rate Cut Signals No Further Shrinking

Fed’s Balance Sheet is in the Trillions, Rate Cut Signals No Further Shrinking

The Fed is widely expected to reduce interest rates late this month. That probably means its campaign to shrink its balance sheet is over, leaving the central bank with trillions of dollars more than before the Y 2008 financial crisis. Beginning a decade ago in a bid to fight the Great Recession, the Fed by […]

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 […]

Gold Needs Something Special to Power Through the Key Resistance

Gold Needs Something Special to Power Through the Key Resistance

$XAU $GLD August Gold gaped higher early Thursday, then faded finishing at, + $5.05 higher +0.4 % at $1427.85 oz Not a surprise because because of the resistance in here, so, it is going to take something special to power this market higher. Gold looks to be consolidating to build up enough pressure to finally break […]

Stocks Finished Flat on Mixed Economic Data

Stocks Finished Flat on Mixed Economic Data

$DIA, $SPY, $QQQ, $RUTX, $VXX The gauge of equities finished flat to unchanged Tuesday, as US Treasury yields moved higher on a stronger-than-anticipated report on US retail sales raised the possibility the Fed might adopt a less Dovish stance. The S&P 500 lost 0.3% Tuesday, led lower by shares of energy and technology companies, while […]

Wall Street Finishes at Record Highs, Powell’s Remarks Boost Rate Cut Probability to 100%

Wall Street Finishes at Record Highs, Powell’s Remarks Boost Rate Cut Probability to 100%

$DIA, $QQQ, $SPY, $RUTX, $VXX FLASH: Stocks gained as investors interpret Fed Chairman Powell’s testimony before the House indicated a rate cut soon. Wednesday, US stocks finished higher on hopes of an interest rate cut later this month were signaled by Fed Chairman Powell’s commen to Congress that the central bank would “act as appropriate” […]

Fed’s Signal: Interest Rate Cuts Coming Soon

Fed’s Signal: Interest Rate Cuts Coming Soon

Wednesday, Fed Chairman Powell signaled that the Fed is likely to cut interest rates late this month for the 1st time in a decade in light of a weakening global economy and rising trade tensions. Delivering the central bank’s semiannual report to Congress, Chairman Powell said that since Fed officials met last month, “uncertainties around […]

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 […]

S&P Marks Record Closing High, Wall Street Bets on Fed Rate Cut

S&P Marks Record Closing High, Wall Street Bets on Fed Rate Cut

$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: This Bull Market in stock is the longest on record. The S&P 500 Index marked a record closing high Thursday, buoyed by Wall Street’s expectations that the Fed will cut interest rates as soon as July to keep the US-China trade dispute from stalling economic growth. The Fed left […]

“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 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 […]

Fed Saying, “Got Gold”

Fed Saying, “Got Gold”

$XAU, $GLD, $USD Mr. Market started seriously pricing in the possibility of interest rate cuts. To be fair, the signal came from the Top of the economic politburo that matters that being the Federal Reserve. Speaking at an event at the Chicago Fed last Tuesday, Chairman Jerome Powell hinted that the Fed would likely cut […]

President Trump on Fed Chairman Powell, “I disagree with him ‘entirely'”

President Trump on Fed Chairman Powell, “I disagree with him ‘entirely

$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX Friday, President Trump sharply criticized Fed Chairman Powell in an interview aired Friday, blaming him for raising interest rates and damaging the US economy. “He is my pick, and I disagree with him entirely,” he said in an interview with ABC News that was filmed in the back of a […]

US Stocks “Paused to Refresh”, Gold Finished Higher

US Stocks “Paused to Refresh”, Gold Finished Higher

$DIA, $SPY, $SOX, $QQQ, $RUTX, $USD, $XAU, $GLD, $VXX Total CPI increased 0.1%, as expected, as did core CPI, which excludes food and energy prices. The monthly changes left the Y-Y readings at 1.8% and 2.0%, respectively, versus 2.0% and 2.1% for the 12 months ending in April. The Key takeaway from the report is […]

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 […]

US Consumers See Inflation Falling

US Consumers See Inflation Falling

US consumers’ inflation expectations deteriorated to their weakest levels since late Y 2017 in May, while their views on jobs and family finances grew less certain, according to a Federal Reserve Bank of New York survey published Monday. The weakening in inflation expectations may factor into Fed policymakers’ decision whether to lower interest rates in […]

Rate Cut Looms, Wall Street Rallies

Rate Cut Looms, Wall Street Rallies

$DIA,$SPY, $SOX, $QQQ, $RUTX, $VXX FLASH: The technology sector was the biggest boost to the S&P with a 3.3% advance, led by gains in Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT) Wall Street’s 3 major indexes rallied Tuesday to clock their biggest one-day gains in five months after Fed Chairman Powell left the door open for a […]

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 […]

No Country is Safe from Trump’s Tariffs

No Country is Safe from Trump’s Tariffs

$GLD, $XAU, $SLV, $USD, $GOLD, $NEM, $VXX FLASH: Gold is finally seeing some bullish momentum as trade ructions escalate, fueling the biggest rally among the top miners in seven months. President Trump’s plan to impose a 5% tariff on all Mexican goods over illegal immigration rattled financial markets, boosting the haven appeal of the precious […]

US Economy Continues to Expand

US Economy Continues to Expand

$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX FLASH: This economic expansion is set to become longest in US history, according to the latest leading-indicators data. The Conference Board Leading Economic Index (LEI) for the US increased 0.2% in April to 112.1, following a 0.3% increase in March, and a 0.2% increase in February. “The US LEI rose […]

Weak Inflation May Lead Fed to Cut Interest Rates

Weak Inflation May Lead Fed to Cut Interest Rates

$USD, $SPY, $QQQ, $DIA FLASH: Slowing inflation may lead the Fed to cut interest rates, White House economic adviser Larry Kudlow said in a TV interview Monday. “The Fed is independent, but they have been themselves talking about coming and lowering their inflation target, which might mean a lower interest rate adjustment on their own […]

Fed Mins ‘Dovish’, No Interest Rate Increases This Year and Into 2020

Fed Mins ‘Dovish’, No Interest Rate Increases This Year and Into 2020

$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: The majority of Fed officials last month believed that economic conditions would likely warrant keeping its Dovish monetary policy unchanged for the rest of this year. Several officials said their view could shift in either direction based on incoming data, according to minutes of the meeting released Wednesday. Weaker growth […]

US Economy Looks ‘Very Good’ in Here, Stocks Break Out on Volume

US Economy Looks ‘Very Good’ in Here, Stocks Break Out on Volume

$DIA, $SPY,$QQQ, $RUTX, $VXX FLASH: S&P 500 marks its Best Quarter since 2009 Friday the US stock market liked what it heard: The US and China held “constructive” trade talks in Beijing this week, according to Treasury Secretary Steven Mnuchin and the White House. Trade talks will continue next week in Washington with China’s Vice […]

The Fed Made a Mistake Hiking Rates in December, and Has Admitted It

The Fed Made a Mistake Hiking Rates in December, and Has Admitted It

Club for Growth founder and former-Trump campaign adviser Stephen Moore says his harsh criticism of the Fed for raising interest rates was ‘spot-on’. In an in interview Monday with The Wall Street Journal, Mr. Moore, President Trump’s pick for a Federal Reserve Board seat, said the central banks’ recent policy pivot proves he was right. Mr. Moore had […]

Fed Slowly Making Economy Vulnerable

Fed Slowly Making Economy Vulnerable

$SPY, $USD FLASH: The Fed’s policy reversal is beginning to stoke systemic vulnerabilities in the economy. A surprise move by the central bank to forecast no change to interest rates for the remainder of this year will increase excesses in corporate America, which is already highly leveraged, and expose the economy to a higher chance […]

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 […]

The Bulls Are In Charge of the US Stock Market

The Bulls Are In Charge of the US Stock Market

FLASH: This a Special Report, looking ahead at this leg of the longest Bull run in market history The US Stock Market: The Bulls Vs The Bears Russell 2000 +16.4% YTD NAS Comp +12.6% YTD DJIA +11.0% YTD S&P 500 +10.7% YTD US stocks rallied late last week into options expiration, even as some analysts felt like they should […]

“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 […]

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 […]

Inflation Muted, Fed ‘Patient’ on Interest Rate Hikes

Inflation Muted, Fed ‘Patient’ on Interest Rate Hikes

$DIA, $SPY, $QQQ, $RUTX, $VXX US wholesale prices fell last month on a steep fall in gasoline prices suggesting that inflation will remain tame in the coming months. The Labor Department said that the producer price index, which tracks cost changes before they reach the consumer fell 0.2% in December from the prior month. The drop […]

Market Hears Powell’s Comments, Rally Extends

Market Hears Powell’s Comments, Rally Extends

$DIA, $SPY. $QQQ, $RUTX, $VXX No recession in sight, No rate hikes ahead. Thursday, Federal Chairman Jerome Powell said the US central bank has the ability to be patient on policy given inflation is stable, allowing it to assesses whether the US economy will slow this year as some in financial markets worry.initial comments boosted […]

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 […]

Looking Ahead: Seeing No Rate Hikes, No Recession, 20%+ Rally Ahead

Looking Ahead: Seeing No Rate Hikes, No Recession, 20%+ Rally Ahead

$SPY, $GLD Surprise, after all of the ‘bunk’ you have heard since early October, do not be shocked that there will be no additional Fed rate hikes, a 20% S&P 500 rally and no recession.. Byron Wein defines “surprise” as an event that the average investor would only assign a 33% chance of taking place […]

In Asia: Gold Up, USD Soft, Stocks Up + Commodities

In Asia: Gold Up, USD Soft, Stocks Up + Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up USD Soft Crude Oil Up Asian Stocks Higher  Note: US President Trump, could shut down the government Friday, as Senate did not vote to fund The Wall at the southern border, Congress reconvenes Wednesday. In Asia Gold: Gold prices rose Monday, holding ground near a 6-month high hit last week, as investors are still concerned about political […]

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. […]

In Asia: Gold Steady, USD Down, Stocks Off + Commodities

In Asia: Gold Steady, USD Down, Stocks Off + Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Steady USD Down Crude Oil Off Asian Stocks Off  Notes: The Federal Open Market Committee (FOMC) announce its interest rate stance Wednesday, the market sold off. In Asia Gold: Gold prices steadied on Thursday, after shedding half a percent in the previous session as the Fed delivered a less-dovish outlook on monetary tightening than many wanted and had […]

In Asia: Gold Up, USD Down, Stocks Off + Commodities

In Asia: Gold Up, USD Down, Stocks Off + Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up USD Down Crude Oil Off Asian Stocks Off  Notes: The Federal Open Market Committee (FOMC) will announce its interest rate stance at 2:00p EST Wednesday, the market is focused. In Asia Gold: Gold prices moved to 5-month highs Wednesday as a softer USD supported the coin and bar buyers, while investors awaited cues on the rate […]

In Asia: Gold Up, USD Down, Stocks Cautious + Commodities

In Asia: Gold Up, USD Down, Stocks Cautious + Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up USD Down Crude Oil Off Asian Stocks Cautious  Notes: We do not believe OPEC cuts will work this time around with Qatar going out and Iran refusing to cut, and there is a Big Q is when Russia will go to its agreed production level. US shale oil production will continue to increase. So, […]

In Asia: Gold Flat, USD Firm, Stocks Cautious + Commodities

In Asia: Gold Flat, USD Firm, Stocks Cautious + Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Flat to Little Changed USD Mixed/Firm Crude Oil Steady Asian Stocks Cautious  Notes: We do not believe OPEC cuts will work this time around with Qatar going out and Iran refusing to cut, and there is a Big Q mark when Russia will go to its agreed production level. And US production will go on […]

In Asia: Gold Steady, USD Mixed/Firm, Stocks Falling + Commodities

In Asia: Gold Steady, USD Mixed/Firm, Stocks Falling + Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Steady USD Mixed/Firm Crude Oil Off Asian Stocks Falling In Asia Notes: China feeling the pain, the nation’s November retail sales grew at the weakest pace since Y 2003 and industrial output rose the least in nearly 3 years as domestic demand softened further, underlining rising risks to the economy as Beijing now works to quickly […]

In Asia: Gold Flat, USD Weakening, Stocks Rising + Commodities

In Asia: Gold Flat, USD Weakening, Stocks Rising + Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices flat USD Weakening Crude Oil Up Asian Stocks Rising In Asia Note: Reuters reported Wednesday that Chinese state-owned companies have bought more than 1.5-M tonnes of US Soybean in the 1st major US Soybean purchases in more than 6 months.  Markets are slowly growing less pessimistic about the chances of a US-China trade deal after a […]

Gold Up, USD Down, Stocks Rising + Commodities

Gold Up, USD Down, Stocks Rising + Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up USD Down Crude Oil Up Asian Stocks Rising In Asia Gold: Gold prices climbed Wednesday morning in Asia, despite indications that the Fed might lower interest rates in the next 2 years. Gold Futures for February delivery hiked 0.18% to $1,250.55 at 11:37p EST (03:37 GMT) on the COMEX, while the US Dollar (.DXY), tracking the […]

Gold Up, USD Down, Stocks Falling + Commodities

Gold Up, USD Down, Stocks Falling + Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up USD Down Crude Oil Up Asian Stocks Declining In Asia Gold: Gold prices up Tuesday in Asia as the USD fell. Gold futures for February delivery on the COMEX division of the New York Merc traded 0.3% higher at $1,252.70 oz by 1:24 AM EST (05:24 GMT).  The precious Yellow metal marked its biggest weekly gainer since August last week. Technically, the break of $1,250 […]

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