President Trump Has “Muscled” the Stock Market Away from the Fed

President Trump Has “Muscled” the Stock Market Away from the Fed

$DIA, $SPY, $QQQ, $RUTX, $USD, $VXX This week the Fed cut interest rates for the 2nd time since the Great Recession, and found its hands full with another event with potentially catastrophic implications for the economy. In short, liquidity in the repo markets, a critical cog in the financial system machine seized Tuesday. In response, […]

Majority of Business Leaders Say President Trump Will Win in 2020

Majority of Business Leaders Say President Trump Will Win in 2020

More than 67% of North American CFOs (chief financial officers) surveyed by CNBC say President Trump will be re-elected in Y 2020. About a 25% believe former Vice President Joe Biden will win. This is the 1st time the CNBC Global CFO Council survey has asked executives about the upcoming elections. The survey also showed that a majority […]

Gold: Investment Strategy

Gold: Investment Strategy

$XAU, $GLD, $GOLD, $NEM, $USD Emerging markets have/are adding to gold holdings, undeterred by prices near their highest levels in more than 6 years, as countries such as Russia and China diversify their Fx reserves, a trend we believe that is likely to continue. Central bank buying is important to the supply/demand dynamic for 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 […]

Wall Street Finished Higher on Trade, ECB Stimulus for the 7th Session Running

Wall Street Finished Higher on Trade, ECB Stimulus for the 7th Session Running

$DIA, $SPY, $QQQ, $RUTX, $SOY, $VXX US stocks extend rally on trade developments, ECB stimulus measures Tech gains led the S&P 500 and the NAS Comp higher, while financials gave the biggest boost to the blue-chip DJIA, which closed up for the 7th session running, its longest winning streak since May. Stocks rose worldwide as […]

Contrarian Indicators Signaling “It is time to buy stocks”

Contrarian Indicators Signaling “It is time to buy stocks”

$SPY, $XAU, $BAC, $JPL, $USB All US financial markets are closed Monday, in observance of Labor Day. It may have taken $204-B of equity outflows this year, but the BofAML Bull & Bear Indicator is finally flagging a contrarian “buy signal,” its 1st since 3 January. Bank of America Merrill Lynch (NYSE:BAC) is Bullish on […]

Falling Interest Rates Lead to Irrational Investments, So Gold Must Be in Every Portfolio

Falling Interest Rates Lead to Irrational Investments, So Gold Must Be in Every Portfolio

$XAU, $USD, $EUR All US financial markets are closed Monday in observance of Labor Day Investors should allocate about 10% of their assets in physical gold, Mark Mobius, who manages about $4-B in assets, told the Reuters Global Markets Forum in an interview Saturday. Mr. Mobius, who is in Mumbai to promote his book “Invest […]

President Trump, “We Have a Fed Problem”

President Trump, “We Have a Fed Problem”

Again Friday, President Trump hammered the Fed in 3 Tweets; declaring in 1 that the US economy does not “have a tariff problem, we have a Fed problem.” “The Euro is dropping against the dollar ‘like crazy,’ giving them a big export and manufacturing advantage … and the Fed does NOTHING!” President Trump said in 1 […]

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 […]

The ‘Inverted Yield Curb’ Explained

The ‘Inverted Yield Curb’ Explained

Traders and investors have been asking what is the “inverted yield curve”, this unusual bond market phenom came on briefly last week for the 1st time in over 12 years and shook Wall Street with talk that an economic downturn was imminent. Following a tweet from President Trump referencing the “CRAZY INVERTED YIELD CURVE!”, the […]

Gold’s Long Term Prospect Is “Up, Up, Up”

Gold’s Long Term Prospect Is “Up, Up, Up”

$GLD, $XAU, $BTC, $USD Investment guru, Mark Mobius, gave a blanket endorsement to buying gold, saying accumulating bullion will reap long-term rewards as leading central banks loosen monetary policy and the rise of cryptocurrencies serves only to reinforce demand for genuinely hard assets. “Gold’s long-term prospect is up, up and up, and the reason why […]

The Bull Run in Gold is Not Over, as the Market is Seeing a Natural Consolidation

The Bull Run in Gold is Not Over, as the Market is Seeing a Natural Consolidation

$XAU, $GLD, $USD Money manager, Jeffrey Gundlach predicts that gold’s price will continue North along with the run up in negative-yielding bonds. “At this point, I think the way to think about it is, as long as the volume of negative interest rate bonds outstanding increases, it’s quite likely that gold moves higher in a […]

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street

$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Last week the market was in consolidation mode and tested the 50-Day MA’s and bounced and… 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 […]

Gold Sentiment Traders are Net Long in Here

Gold Sentiment Traders are Net Long in Here

$XAU, $XAUUSD, $GLD FLASH: The Gold markets pulled back during the week, but then found enough support at the uptrend line of the ascending triangle to reverse and break above the Key $1450 mark Friday, US Gold futures settled near 6-year highs +1.8% at $1,457.50 oz, helped along by prospects of safe-haven investments,trade threats from […]

S&P 500 & NAS Comp Finished at Record Highs Again!

S&P 500 & NAS Comp Finished at Record Highs Again!

$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: US Q-2 GDP higher than estimates on strong consumer spending as the ‘Tight’ Fed, China trade dispute lowed growth Friday, economist Stephen Moore said he is “relieved” that the economy is at 2.1% growth, but said the numbers are not where they should be because of several factors, including […]

Gold in Rally Mode, Investment Strategy

Gold in Rally Mode, Investment Strategy

$XAU, $GLD, $GOLD, $NEM, $USD FLASH: The prospects of the Fed cutting interest rates to near Zero this year has gold rallying to 6 year highs. Institutional investors like gold as a hedge against uncertain times, as gold has held value over centuries. The Big Q1: But does it make sense for individual investors? Here […]

Survivor Guide “Buy Gold on Paradigm Shift in Global Markets”

Survivor Guide “Buy Gold on Paradigm Shift in Global Markets”

$DIA, $SPY, $QQQ, $RUTX, $XAU, $GLD, $VXX Billionaire Investment Guru, Ray Dalio thinks the current era of low interest rates and QE may be coming to an end, and his answer to a new market paradigm that could see escalating conflict between capitalists and socialists is simple, Buy Gold. “I believe that it would be […]

Gold Dipped on Mixed Economic Data

Gold Dipped on Mixed Economic Data

$GLD, $XAU, $USD Gold prices turned lower Tuesday after a strong retail sales reading sparked buying interest in the USD and pushed Treasury yields higher. Retail sales gained 0.4% in June, outpacing consensus forecasts for a meager 0.1% advance, the positive reading pushed the .DXY and bond yields higher. The USD-denominated precious Yellow metal reacts negatively […]

Every Portfolio Needs at Least 10% of Gold

Every Portfolio Needs at Least 10% of Gold

$XAU, $GLD, $USD, $EUR Shayne and I see gold testing to $1384ish and then setting up to drive North, potentially topping $1,500 oz, as interest rates head lower, central banks extend purchases, and uncertainty surrounding geopolitics and cryptocurrencies fans demand. Gold on the COMEX finished -1.4% to $1400.95 oz. “I love gold,” said Mark Mobius, […]

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

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

$GLD, $XAU, $SLV, $USD,$USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Down, USD Up, Crude Oil Up, Stocks Up Notes: Investors and Traders await the meeting between Presidents Trump and Xi later this week for signs of a de-escalation in the trade dispute. The 2 world leaders will meet at the G-20 Summit in Japan. Just in from […]

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

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

$GLD, $XAU, $SLV, $USD,$USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Down, USD Up, Crude Oil Up, Stocks Down “The Stars look to be aligning for the Gold market, Gold could rise as high as $1,500 by the end of the year”– PE The Big Q: Why the Melt Up? The Big A: If gold remains above previous […]

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

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

$GLD, $XAU, $SLV, $USD, $BTC, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Down, Crude Oil Off, Stocks Down “The Stars look to be aligning for the Gold market, Gold could rise as high as $1,500 by the end of the year”– PE The Big Q: Why? The Big A: If gold remains above previous highs […]

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street

$DIA, $SPY, $SOX, $QQQ, $RUTX, $XAU, $GLD, $RUTX, $VXX FLASH: Last week we saw Wall Street stocks and Gold rally hard finishing solid on Quad Witching on the Fed’s Dovish policy position declared Wednesday afternoon. We are in the 2nd longest Bull Market in history that began precisely at 1:00p ET on 9 March 2009, and according […]

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

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

$GLD, $XAU, $SLV, $USD, $BTC, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Down, Crude Oil Firm, Stocks Up Notes: Investors are awaiting an expected meeting between Presidents Trump and Xi later this week for any signs of a de-escalation in a trade dispute. The 2 world leaders will meet on the sidelines of the G-20 […]

As Gold Tops $1,400 oz…

As Gold Tops $1,400 oz…

$XAU, $GLD, $USD FLASH: There has been a dramatic change in the sentiment of Gold Bugs Bold prices have risen this month, passing $1,400 oz for the 1st time since Y 2013. There have been good reasons to be Bullish the precious Yellow metal. Everything from Dovish central banks, technical indicators, negative-yielding bonds are all working […]

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

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

$GLD, $XAU, $SLV, $USD, $BTC, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Spiked, USD Down, Crude Oil Up, Stocks Up Notes: The Fed Wednesday signaled interest rate cuts beginning as early as July, saying it is ready to battle growing global and domestic economic risks as it took stock of rising trade tensions and growing concerns about […]

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 […]

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

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

$GLD, $XAU, $SLV, $USD, $BTC, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Spiked, USD Down, Crude Oil Up, Stocks Up Notes: The Fed Wednesday signaled interest rate cuts beginning as early as July, saying it is ready to battle growing global and domestic economic risks as it took stock of rising trade tensions and growing concerns about […]

Market Technicals Signaling Fed to Cut Rates Soon

Market Technicals Signaling Fed to Cut Rates Soon

FLASH: The market is leading the Fed Funds rate lower, signaling a rate cut soon. “We have tracked the Fed’s interest rates decisions for years,” writes Steven Hochberg, Elliot Wave theorist. In December, he wrote an article titled “Interest Rates Win Again as Fed Follows the Market,” where he observed that although most pundits believe that central […]

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

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

$GLD, $XAU, $SLV, $USD, $BTC, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Off, USD Up, Crude Oil Up, Stocks Up Notes: President Trump said Tuesday he will have an extended meeting with Chinese President Xi at the G-20. The world’s 2 largest economies are in the middle of a costly trade dispute that has pressured financial markets […]

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

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

$GLD, $XAU, $SLV, $USD, $BTC, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Flat, Crude Oil Down, Stocks Off Notes: The New York Fed said Monday that its gauge of business growth in New York state posted a record fall this month to its weakest level in more than 2.5 years, suggesting an abrupt contraction in […]

Fed Fueling a Recession, Chairman Powell On The Way Out

Fed Fueling a Recession, Chairman Powell On The Way Out

$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX President Trump will not renominate Jerome Powell for another term as Fed Chairman if re-elected. “That will lead to very different monetary policy, so the Fed is not fully independent of politics,” former Fed VC Fischer, an Hussein Obama appointee, said Sunday at a talk in Israel. By criticizing […]

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street

$DIA, $SPY, $SOX, $QQQ, $RUTX, $XAU, $GLD, $RUTX, $VXX FLASH: Last week we saw Wall Street stocks consolidate on light volume and the Fed signaled ‘Got Gold’ 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 […]

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

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

$GLD, $XAU, $SLV, $USD, $BTC, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Subdued, USD Up, Crude Oil Up, Stocks Firm Notes: A Reuters poll showed a growing number of economists expect the Fed policymakers to cut interest rates this year, although the majority still see it holding steady. In Asia Gold: Gold prices subdued Monday after retreating from […]

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

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

$GLD, $XAU, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Flat, Crude Oil Up, Stocks Off Notes: China will release May industrial production along with retail sales and investment numbers at 0700 GMT, analysts expect any improvement from April’s downbeat readings will be mostly marginal. Economists polled by Reuters expect industrial production in China […]

Market Extends Rally Off of Its Best Week in 2019

Market Extends Rally Off of Its Best Week in 2019

$DIA, $SPY, $SOX, Investors heavily exposed to US stocks just had their best week YTD. But the rebound has raised several questions related to market behavior, policy and economics. How they are answered will prove consequential not only for market prospects but for the global economy. And, notwithstanding the lack of decisive answers at this stage, […]

US Household Wealth Tops $108-T in Q-1

US Household Wealth Tops $108-T in Q-1

$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX US household wealth marked a record in Q-1 as the stock market rallied, supporting consumers after Fed interest-rate hikes and trade dispute shocked investors late last year. Net worth for households and non-profit groups increased by $4.69-T, or 4.5%, to $108.6-T after a 3.7% drop in the prior frame, Federal […]

US Home-buyers ‘Trading Up’ on Falling Mortgage Rates

US Home-buyers ‘Trading Up’ on Falling Mortgage Rates

FLASH: This year’s dive in mortgage rates is giving Americans an incentive to upgrade to pricier houses. One result of falling borrowing costs is that buyers are able to afford bigger mortgages. Those seeking pricier properties are acting now because their choices are increasing, and profits from selling their current home can fund the down […]

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street

$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: World stock markets were subdued as the US and UK exchanges were shuttered for national holidays. DJIA futures rose Monday night, along with S&P 500 futures and NAS futures. President Trump said Monday that Beijing “would like to make a deal,” but “we’re not ready” for a China trade […]

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 […]

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street

$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Some analysts think there may not be enough leadership to move the market higher now. Savvy money is playing quality to the Northside. At the same time there are good Southside setups that we are watching carefully for the break South Southside action delivers fast gainers, but what falls […]

Gold Looks Cheap in Here, Central Banks are Key Buyers

Gold Looks Cheap in Here, Central Banks are Key Buyers

$GLD, $XAU, $EUR, $USD FLASH: Gold prices could still surge 20% this year as precious-metal investors and speculators are right to believe in a bright future for the commodity. One international guru told Barron’s that he considers gold at current marks of just below $1,300 oz a “bargain.” His price target for the year is […]

Fed Keeps Rates Unchanged, Investors Bet Rate Cut Coming

Fed Keeps Rates Unchanged, Investors Bet Rate Cut Coming

$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Global equities declined Wednesday, capping a 3-day winning streak after the Fed held rates steady as expected, but comments from Fed Chairman Powell cast doubt on whether the central bank’s next move would be a rate cut, as expected. The Fed left its Key interest rate unchanged Wednesday and […]

Fed Must Cut Interest Rates Despite Strong 3.2% GDP Growth

Fed Must Cut Interest Rates Despite Strong 3.2% GDP Growth

FLASH: White House economic advisor Larry Kudlow says the Fed should still cut interest rates despite strong economic growth in Q-1. The government said GDP, expanded by 3.2% in Q-1 of this year, which the veteran financial guru and former Ronald Reagan adviser called “a blow out number.” “The inflation rate continues to slip lower […]

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 […]

US Existing Home Sales Fall More Than Expected in March

US Existing Home Sales Fall More Than Expected in March

Source: Thompson Reuters US home sales fell more than expected in March as rising demand stoked by declining mortgage rates and slowing house price inflation continued to be frustrated by a lack of properties, especially in the lower-priced segment of the market. The report from the  National Association of Realtors (NAR) on Monday could temper expectations of […]

US Home-builder Sentiment Marks 6-Month High, Sales Up with Strong Economy

US Home-builder Sentiment Marks 6-Month High, Sales Up with Strong Economy

Sentiment among US home-builders climbed to a 6-month high in April, another indication that the housing market is gathering momentum during the Key Spring season. The National Association of Home Builders/Wells Fargo Housing Market Index rose 1 point to 63, matching the median estimate in Bloomberg’s survey of economists, on improvements in present sales and buyer traffic, […]

President Trump ‘Angling’ for The Gold Standard

President Trump ‘Angling’ for The Gold Standard

$XAU, $GLD, $USD President Trump’s plans to nominate Stephen Moore and Herman Cain to the Fed board, and that move points back to The Gold Standard, a policy option once advocated by both men and President Trump himself. The Big Q: What is the case for returning to The Gold Standard? The Big A: Is […]

Gold is President Trump’s ‘Trump’ Card

Gold is President Trump’s ‘Trump’ Card

$GLD, $XAU, $USD FLASH: Gold could 2X overnight, especially if President Trump uses it as a weapon in his battle Vs the Fed. The Fed controls the Buck, the Buck is the world’s trading currency, and so the Fed controls the world. A stronger USD hurts the world’s growth prospects. It also hurts President Trump’s […]

“Fed May Not Hike Interest Rates Again…”

“Fed May Not Hike Interest Rates Again…”

$DIA, $SPY, $QQQ, $RURX, $VXX FLASH: Wall Street finished flat to little changed in front of earnings season The stock market finished little changed Thursday in a tight-ranged trading session. The S&P 500 finished fractionally higher, as RSI from financial and industrial stocks helped mitigate losses from shares of healthcare companies in front of earnings […]

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 […]

US Stock Market is Strong, Tune Out the Noise

US Stock Market is Strong, Tune Out the Noise

$DIA, $SPY, $QQQ, $RUTX, $VXX The just released data of the US Bureau of Economic Analysis and the US Census Bureau show that the US monthly international trade deficit decreased in January 2019 from $59.9% in December (revised) to $51.1-B as expected, as imports decreased and exports increased. The goods deficit decreased $8.2-B in January […]

The Geopolitical Uncertainty Vs The Price of Gold

The Geopolitical Uncertainty Vs The Price of Gold

$GLD, $USD, $EUR, $GBP, $CNY What we have been seeing over the past few years is that confidence in government is fading and the price of Gold is rising. Some current examples The UK House of Commons voted 413-202 last week to delay Britain’s exit from the EU. Despite resounding defeats, Prime Minister Theresa May […]

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 […]

President Trump’s Tax Policy a Key Economic Driver

President Trump’s Tax Policy  a Key Economic Driver

$USD White House economic adviser Larry Kudlow rejects criticism that the US economy is only growing because of a “sugar high” from The Trump Administration’s tax reform. He predicted that President Trump’s “pro-growth policies on taxes and regulation” will continue to stoke growth far into the future. Some economists contended that the economy is losing […]

How Far South is China’s Rapid Growth Slowdown Headed?

How Far South is China’s Rapid Growth Slowdown Headed?

The growing mystery of where China’s rapid slowdown is headed may become the biggest risk on the horizon. The world economy. Recession Watch: The global economy’s in its weakest shape since the financial crisis 10 years ago. China got more affirming evidence of its Big slowdown, with industrial output and retail sales softening and a […]

Home Loan Costs Fall, Mortgage Applications Rise

Home Loan Costs Fall, Mortgage Applications Rise

US mortgage home applications to buy and to refinanc increased last week as most borrowing costs fell in step with US bond yields tied to worries about slowing economic growth, data from the Mortgage Bankers Association showed on Wednesday. The Washington-based industry group’s seasonally adjusted index on mortgage activity rose 2.3% to 384.0 in the week […]

Global Economy Hits Weakest Patch Since Financial Crisis

Global Economy Hits Weakest Patch Since Financial Crisis

The global economy’s softened throughout Y 2018 has left the pace of expansion the weakest since the global financial crisis a decade ago. A new GDP tracker puts world growth at 2.1% on a Q-Q annualized basis, down from about 4% in the middle of last year. While there is a chance that the economy […]

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 […]

US Housing Starts Fell to 2-Yr Lows in December

US Housing Starts Fell to 2-Yr Lows in December

$SPY, $USD US homebuilding fell to a more than 2-year lows in December as construction of both single and multi-family housing declined, the latest indication that the economy lost momentum in the fourth quarter. Other details of the report from the Commerce Department on Tuesday were also downbeat and suggested that the housing market could remain sluggish […]

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 […]

US Homebuilder Sentiment Tops Forecasts

US Homebuilder Sentiment Tops Forecasts

The sentiment among US homebuilders rose in February for a 2nd month runnning exceeded all forecasts, as lower mortgage rates and a strong labor market help stabilize demand. The National Association of Home Builders/Wells Fargo Housing Market Index rose to 62 from 58 amid broad improvement on gauges of sales, expectations and buyer traffic, data released Tuesday […]

Gold and Mining Stocks Looks Bright & Shiny

Gold and Mining Stocks Looks Bright & Shiny

$GLD, $GOLD, $USD, $GDX, $GS FLASH: The savvy observers see Golden opps in the precious Yellow metal and its miners. Last September in this column we suggested it was time for investors to add gold to their portfolios. And that data shows that since that time, gold has gained nearly 10%. Gold marked to a […]

Home Mortgage Applications Fall for 4th Week Running

Home Mortgage Applications Fall for 4th Week Running

US mortgage applications declined for a 4th week running even as some home borrowing costs fell to their lowest levels in more than 11 months, the Mortgage Bankers Association said Wednesday. The Washington-based industry group’s seasonally-adjusted index on borrower requests to lenders for a loan to buy a home and to refinance one decreased 3.7% to 364.8% […]

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