A divided FOMC decided to hit pause in its easing cycle following a rate cut at its October meeting offered little guidance on what would cause policymakers to change their minds on the outlook, minutes of the central bank’s last policy meeting showed. The readout released on Wednesday of the Oct. 29-30 policy discussion, at which […]
Sluggish inflation gives the Federal Reserve the leeway to keep borrowing costs low and help draw more workers into the labor market, San Francisco Fed Bank President Mary Daly said Saturday. “We’re lucky right now,” Ms. Daly said at University of California, Berkeley’s Clausen Center’s conference on global economic issues. “We can keep the policy […]
$SPY Over 1,350 people attended the lunchtime speech according to the Economic Club of NY spokeswoman. The club’s membership is a who’s who of New York’s financial elite, and its trustees include John Williams, president of the Federal Reserve Bank of New York, and billionaire hedge fund investor John Paulson, 1 of President Trump’s Top […]
The 2 biggest players in the US economy will take the stage this week, as President Trump and Fed Chairman Powell speak amid signs the nation’s trade war with China may be thawing. President Trump will deliver a speech at the Economic Club of New York Tuesday, with investors hoping he sheds light on a […]
$GS The chances that the US economy skids into a recession are “not significant” near term as American households extend the expansion and trade tensions appear to be easing, the CEO of Goldman Sachs Group Inc (NYSE:GS) said in an interview. “I’ve said that I still think the chance of a U.S. recession between now […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The S&P 500 trades at 17.3X forward 12-month earnings. That is a small premium to the 5-year average of 16.6X according to FactSet. It is an acceptable premium in light of where interest rates are. And it is not as rich as where things were at the start of Y […]
$DIA, $SPY, $QQQ, $RUTX, $VXX S&P 500 sets new record high Strong hawkish signals from Fed Chairman Jerome Powell that he is, for now, finished cutting interest rates failed to incite terror in the Us stock market. Quite the opposite: the S&P 500 erased early losses and rose as much as 0.4% during the final […]
Fed statement: “the labor market strong and that economic activity rising at a moderate rate, job gains have been solid, on average, the unemployment rate low, household spending strong, business fixed investment and exports weak inflation sans than food & energy below 2% ” President Trump launched a fresh attack on the Fed Tuesday, saying […]
$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 […]
$GLD, $XAU, $SLV, $XAG. $USD Gold flat to little changed Monday, after a near 1% jump in the session, Friday’s as investors awaited a Fed rate decision later in the week, while progress in US-China trade talks limited upside. Spot gold steady at $1,504.44 oz as of 0326 GMT, US gold futures were up 0.1% […]
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 […]
$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 […]
$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 […]
Monday, President Trump again demanded that the Fed cut interest rates in the wake of an attack in Saudi Arabia over the weekend led to a major Crude Oil disruption. In a pair of tweets Monday, the President questioned whether the Fed would “ever get into the game” and said the central bank and its Chairman, Jerome […]
$SPY, $SPX The Fed is set to cut interest rates this week and may still not be done delivering monetary stimulus to the economy yet this year. Having already reduced their benchmark in July to 2.0%-2.25%, Chairman Powell and colleagues will pare another 25 bpts Wednesday to support the slowing economy, according to a survey […]
$XAU, $GLD Gold steady ahead of ECB meeting Thursday and FOMC meeting next week Gold futures remarked Key $1,500 oz Wednesday, as traders weighed President Trump’s latest Tweet calling for the Fed to cut interest rates down to Zero, ahead of the FOMC’s meeting next week. Prices for the precious Yellow metal traded between modest […]
$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 […]
$XAU, $GLD, $USD, $XAUUSD Friday, Gold saw choppy trade. The price action suggests that traders have fully priced-in the latest round of global central bank rate cuts and are now waiting to see if those cuts are having an impact on the global economy. The price action also indicates that gold may be fairly priced […]
$DIA, $SPY, $QQQ, $RUTX, $VXX When stock markets declined in August, 1 group of investors showed unshakable confidence, Company insiders. So much that the buy-to-sell ratio of corporate executives in Europe reached its highest mark since December, according to data compiled by 2iQ Research. Such spike in the ratio, 3.3 in August is usually seen […]
$USD US Treasury Secretary Steven Mnuchin said The Trump Administration does not intend to intervene in the USD market now, but signaled he prefers any future move be coordinated with the Fed and global allies. The Treasury Department has “no intention of intervention at this time. Situations could change in the future but right now […]
Thursday, President Trump continued hammering the Fed for not cutting rates, which he claims has held back the economy, despite the Fed shaving 1/4pt from the fed funds rate in July. Chairman Powell is in the grinder. “The Economy is doing GREAT, with tremendous upside potential! If the Fed would do what they should, we […]
$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 […]
Tuesday, the Fed rejected a call from a former policymaker to counter President Trump’s trade agenda by refusing to “play along” and denying the President the interest rate cuts he demands. “The Federal Reserve’s policy decisions are guided solely by its congressional mandate to maintain price stability and maximum employment,” a Fed spokeswoman said. “Political […]
Tuesday, President Trump continued his attack on the Fed, saying it “loves watching our manufacturers struggle with their exports to the benefit of other parts of the world.” “Has anyone looked at what almost all other countries are doing to take advantage of the good old USA?” the President asked on Twitter. “Our Fed has been calling […]
$GLD, $SLV, $USD, $XAU, $XAG Gold rose more than 1% Tuesday as fears of a possible recession gripped investors following disappointing US economic data, while silver marked $18 for the 1st time in nearly 2 years. Spot gold was up 1% at $1,540.57 oz at 1:41p EDT (1741 GMT), US gold futures for December settled […]
$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 […]
$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 […]
$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 […]
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 […]
$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%, […]
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 […]
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 […]
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 […]
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 […]
$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 […]
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 […]
$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 […]
US consumer prices increased in July, but the signs of acceleration in inflation will likely do little to change market expectations that the Fed will cut interest rates again in September, October and December due trade tensions with China The US Labor Department Tuesday lowered the chances that the Fed would cut rates by half […]
$XAU, $GLD, $USD The gold bears have finally bowed under the weight of fiscal and geopolitical catalysts, from Fed hints to the brewing conflict with Iran. But there is a Key trend that stands to push gold up beyond $1,700 regardless of the daily events. Of course, it’s difficult for the bears to ignore this […]
$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 […]
$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 […]
$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, […]
$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. […]
$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 […]
$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 […]
$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. […]
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 […]
$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 […]
$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 […]
$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 […]
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 […]
$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 […]
The Fed’s FOMC is set to cut interest rates by at least 25 basis points at its policy meeting at the end of this month. Will it settle on a cautious approach or be aggressive to monetary easing despite political pressure for deeper stimulus is the Big Q. There is a case for an aggressive […]
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 […]
$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 […]
FLASH: Fed policymakers need to add stimulus early to deal with too-low inflation when rates are near zero and cannot wait for economic disaster to unfold, a Key Fed policymaker said Thursday. In what will likely be read as a strong argument in favor of quick action by the Fed to cut rates this month, […]
$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 […]
$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 […]
US retail sales increased more than expected in June, pointing to strong consumer spending. The Key takeaway from the report is that it was a solid report overall The report from the Commerce Department on Tuesday did not change market expectations that the FOMC will cut interest rates this month for the 1 st time in a […]
$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” […]
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 […]
We have just learned that the Fed is debating the risks and benefits of letting the US economy run “a little hotter,” balancing the good it could do for workers against the possibility it could end in a recession, Atlanta Federal Reserve bank president Raphael Bostic said Tuesday. “We do think about this in terms […]
$SPY The S&P 500 has seen the best June performance since Y 1955, and now into the 2nd week of July investors are anxious to see whether earnings can justify further gains as the largest US companies open their books in the coming weeks, as Q-2 earnings season is on us. The profit picture for […]
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 […]
$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 […]
$XAU, $GLD, $USD FLASH: The Fed is likely to have made at least 2 rate cuts by then So, we see a window of opportunity for gold to rally before inflation subsides in 2-H of Y 2020. Gold extended its rally, marking the biggest monthly advance since the UK voted to leave the EU in […]
FLASH: The pattern set up for Gold looks good, and the Smart Money is betting on a break out in here, as all of our Key indicators have turned Very Bullish. Gold futures rose to a multi-year high Friday, boosted by expectations of a rate cut by the Fed at its next meeting in late […]
$SPY, $USD President Trump’s Tweets have not fully convinced the Fed to cut interest rates, but the stock and bond markets likely can and will. The Fed did not make a cut at its meeting last week, but it hinted strongly that one may be coming soon. Afterward, the stock market soared to new highs and the […]
$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 […]
$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 […]
$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 […]
Tuesday, Wite House economic adviser Larry Kudlow said President Trump is not considering any changes to Fed Chairman Jerome Powell’s status following a report that the White House had explored the possibility of demoting him. Mr. Kudlow spoke to reporters at the White House ahead of the FOMC’s meeting this week that comes on the […]
$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 […]
$SPY, $SPX The FOMC meeting next week is shaping up as pivotal for Wall Street, with stocks primed for a selloff should the Fed fail to take an even more Dovish tilt after policymakers raised expectations for a rate cut in recent weeks. The benchmark S&P 500 has rallied more than 5% so far this […]
$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 […]
$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 […]
$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 […]
$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 […]
$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX FLASH: White House economic adviser Larry Kudlow predicts the US economy will maintain 3% pace without a China trade deal. “The US economy is very strong, I think we are in pretty good shape and I think we’ll maintain a 3% growth pace this year,” said Mr. Kudlow, who […]
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 […]
$JPM, $GS, BAC, The weak May NFPs report is push the Fed closer to cutting interest rates soon if not sooner. While a reduction when policy makers meets later this month cannot be ruled out, Fed watchers said their base case is for the FOMC to stand pat. But they said the abrupt slowdown in […]
$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX FLASH: US stocks rallied for a 4th day running after weak NFPs data added to bets the Fed will cut rates. US Treasury yields and the USD fell. The S&P 500 Index had its best week since November 2018 on speculation the Fed will move to shore up the […]
$DIA,$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 […]
$GLD, $XAU, $USD The world’s biggest bullion-backed ETF (exchange-traded fund) is getting focus. Holdings in SPDR Gold Shares (GLD) surged by the most in almost 3 years as the US-China trade dispute, signs of a slowdown, and speculation the Fed will cut rates combined to drive demand. Assets in the SPDR ETF jumped 16.44 tonnes, […]
$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 […]
$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 […]
$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX FLASH: 2 prominent Fed watchers said they now expect the central bank to cut interest rates this year as policy makers react to a darkening economic outlook. JPMorgan Chase & Co. (NYSE:JPM) chief US economist Michael Feroli and former Fed Governor Laurence Meyer both said the Fed will act […]
FLASH: US inflation was much weaker in Q-1 than thought on a sharp slowdown in domestic demand, which cast doubts on the Fed’s view that the benign price pressures were largely because of temporary factors. The weak inflation pulse reported by the US Commerce Department Thursday pressures the Fed to cut interest rates, especially as the […]
$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX FLASH: The S&P 500 reclaimed its 200-Day MA (2776) after falling below the Key technical mark during the day and bouncing Wednesday US stocks declined Wednesday, with the S&P 500 and NAS Comp closing just above Key support marks, as worries that a lengthy US-China trade war would crimp […]
$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 […]
$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 […]
$SPY, $QQQ, $DIA, $RUTX, $VXX FLASH: The S&P 500 and NAS Comp marked new closing, and intra-day records Monday on a modest advance. Leadership came from the S&P 500 financials and communication services sectors in front of busy news and earnings week Analysts now expect earnings of S&P 500 companies to have fallen just 0.2% […]
The Fed is done raising interest rates until at least the end of next year, see at least one rate cut by then. The latest results come just days after Wall Street stocks touched record highs in a bounce back from a low at the end of last year, thanks in large part to expectations […]
$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 […]
$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 […]
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 […]
The Fed’s Key reversal on rate increases along with weak economic data has left a part of the US Treasury yield curve close to levels at which the FOMC has in the past been prompted to cut rates. The Fed last Wednesday brought its 3-year drive to tighten monetary policy to an abrupt end, abandoning […]
$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 […]
FLASH: No matter what the Fed Fund’s rate is they cannon make people borrow. The Big Q: What happened with Wednesday’s Fed announcement? The Big A: The Fed followed the market again. The chart below: the red line is the Federal Funds rate, the yellow line is the rate on the 3-month US T-Bill and […]
$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. […]
