$XAU $GLD $USD Volatile stock markets and the outbreak of the coronavirus helped drive holdings in gold-backed ETFs to record highs in Y 2020. The buying is a clear indication of the prominent role of gold ETFs in investors’ portfolios, especially during periods of uncertainty and panic. Gold-backed ETFs saw $4.9-B of inflows in February, […]
$DIA $SPY $QQQ $RUTX Treasury Secretary Steven Mnuchin told Jim Cramer Monday that “there will be a huge amount of pent-up demand” for stocks when the threat of the coronavirus is contained. “There will be a huge amount of pent-up demand when this is done. And it will be done,” he said. “Look for companies that […]
Sunday, the Fed took emergency action to help the economy withstand the coronavirus by slashing its benchmark interest rate to near Zero and saying it would buy $700-B in Treasury and mortgage bonds. The surprise announcement signaled its concern that the viral outbreak will depress economic growth in the coming months and that it is […]
The Big A: We expect the Fed to roll out measures beyond interest rate cuts and bond purchases to ensure financial markets keep operating smoothly and banks have ample liquidity during the coronavirus outbreak. The Fed can innovate! Last week, the Fed delivered an emergency rate cut and is expected to lower them more when […]
$DIA $SPY $QQQ $RUTX $VXX A Bear market is confirmed when an index sinks 20% or more below its most recent closing high. For the 2nd time this week, the S&P 500 triggered a 15-min trading halt after falling by 7.0% shortly after the open following more economic disruptions caused by the coronavirus. Note: New […]
$XAU $GLD It looks to me like it does not matter in here whether global stocks are rising or falling investors keep scooping up gold. Holdings in gold-backed ETFs rose by 55 tonnes in the last 3 days accounting for almost 33% of YTD in the last 3 days. As a safe-haven asset, demand for […]
$DIA $SPY $QQQ $RUTX $VXX Tuesday, Wall Street’s Bulls came back to life rising from the edge of Bear market confirmation as bargain-hunters and notions of government stimulus calmed investors’ fears surrounding the coronavirus and prospects of a recession. All 3 major US stock market indexes spiked nearly 5% the day after they suffered their […]
$DIA $SPY $QQQ $RUTX $XAU, $XAG, $CU, $OIL, $USO, $VXX FLASH: The S&P 500 staged a 70-pt rally during the final hr of trade, which led to a significant improvement in final sector standings, though all 11 sectors finished in the Red. The US economy is likely growing at a 3.1% annualized rate in Q-1, […]
$USD $GLD $XAU …the USD will weaken, gold will strengthen, short-term interest rates to Zero. Investment guru Jeffrey Gundlach says that he believes the Fed panicked in cutting interest rates earlier this week. “When I say panicked, it does not mean it is not justified. Sometimes panic is justified,” the Bond King said. The Bond […]
$DIA $SPY $QQQ $RUTX $VXX A drop in interest rates in response to the Fed’s rate cut is adding urgency to a hiring spree across the mortgage industry. Executives at of the nation’s 15 biggest mortgage lenders, already gearing up for a busy Y 2020, anticipate hiring thousands of employees this year to keep up […]
$DIA $SPY $QQQ $RUTX $VXX The US economy grew moderately in Q-4, the government confirmed, and may be facing a rocky road in early Y 2020 on the notion that coronavirus will hobble it, and bring on a recession. The economy grew by an unrevised 2.3% in Y 2019, the slowest annual growth in 3 […]
$USD Monday, Financial markets upped bets that the Fed will be pressed to cut interest rates to cushion a feared hit to economic growth from the spread of the coronavirus. US interest rates futures rose to their highest marks since last Fall as evidence the virus was spreading further outside its original epicenter of China […]
$DIA $SPY $QQQ $RUTX $VXX Friday, White House adviser Larry Kudlow said the “blowout” jobs report was just the cherry on top of a very strong economic start to this New Year. Manufacturing, job growth and the stock market all boosted the economy in January, he said. “I think we’re in very strong territory right […]
$XAU $GLD $XAG $SLV Thursday, Gold prices rose for a 2nd day running as the momentum behind this week’s rally in risk assets faded ahead of the US NFPs report Friday. By 11:10a EST (1610 GMT), gold futures for delivery on the COMEX exchange were up 0.3% at 1,567.15, while spot gold was up 0.4% […]
$XAU $GLD $SPY $SPX The S&P 500 posted a record high Wednesday at +37.10, or 1.1% at 3334.69 The reverse side of market optimism was the correction of safe-havens such as JPY and Gold. The JPY declined against the Buck, lead USDJPY to its highs in a 1. wks near 109.50, showing a rebound from the 200-Day SMA. Gold dropped […]
$DIA, $SPY, $QQQ, $RUTX , $VXX The Fed held interest rates steady Wednesday at its first policy meeting of the year, the head of the central bank pointed to continued moderate economic growth and a “strong” job market, and giving no sign of any imminent changes in borrowing costs. “We believe the current stance of […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Less than 1 hr after Fed officials begin a two-day policy meeting, President Trump calls for a cut in rates. “The Fed should get smart & lower the Rate to make our interest competitive with other Countries which pay much lower even though we are, by far, the high standard,” […]
$XAU $GLD “Gold is a place you want to be. I think that it’s partly because its inversely correlated with interest rates. But it’s also an insurance policy when things go wrong,” David Rosenberg said. “There’s no such thing as a no-brainer, but this is close.” Gold is off to a terrific start this year […]
$DIA $SPY $QQQ $RUTX $VXX US stocks will continue to rise this year on very little chance of a recession, and low inflation driving steady economic growth, with real GDP growing around 2.0%, and inflation remains below 2.0%. That is our outlook for Y 2020. We do not see a recession in this year’s US […]
$USD After 4 rate hikes in Y 2018, the Fed cut interest rates 3X in Y 2019, making a remarkable and sharp U-turn in its monetary policy. The big shift reflected that Fed officials’ assessment of potential risks to the US economy has dramatically changed over the course of the year, due to slowing global […]
$DIA, $SPY, $QQQ, $RUTX, $XRT, $IWM Our New Year is here and we are just a few weeks away from the Chinese New Year, so not too early to share some of my favorite Chinese Astrologer’s thoughts on the coming Year of the Rat, he is famous for his predictions, but not perfect. The background: […]
$DIA, $SPY, $QQQ, $RUTX, $VXX By almost every measure the US economy did well in Y 2019 though growth was slower than Y 2018. For next year, contrary to the consensus view from most economists, economic growth will accelerate. And growth could increase even more after Y 2020. President Trump has set the stage for […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The S&P 500 finished little changed Friday and the NAS Comp ended an 11-day streak of gainers after some late-session weakness, the DJIA another record as investors play the Santa Claus rally. The DJIA rose 23.53 points, or 0.08%, to 28,644.92, the S&P 500 gained 0.07 points, or 0.00%, to […]
After 3 interest rate cuts this year, the economy is in good shape 2 Fed policy makers said Wednesday, underscoring the consensus at the Fed for keeping borrowing costs where they are for the time being. “I think the economy is doing remarkably well,” Chicago Federal Reserve Bank President Charles Evans told the Economic Club […]
$SPY, $RUTX, $USD Last Christmas, the longest Bull market in our lifetime came within points of dying as the Fed raised interest rates. Some pundits say that every 3 years or so something pushes the Bull market to the brink of extinction, before a last-minute escape, that there is a record of support that underpins […]
Rising real estate prices helped drive US household wealth to $113.8-T in the July through October frame, a report by the Fed showed Thursday. That compares to an downwardly revised $113.3-T net worth for households in Q-2 of Y 2019, the Fed said. The US economy is experiencing its longest expansion on record and households and households […]
Chairman Powell’s Press Conference: The record-long US economic expansion is in its 11th year, a Bull run that has driven unemployment to the lowest level since Y 1969 even while failing to sustainably deliver inflation at the Fed’s 2% target. Officials also released new Quarterly forecasts showing the following:: The median estimate for the fed […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Americans increased their spending in October at the fastest rate in 3 months even though income growth was essentially flat, its weakest showing in 13 months. The Commerce Department said Wednesday that consumer spending rose 0.3% last month, the best gainer since a 0.5% rise in July. An inflation gauge that is […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The S&P 500 declined 0.1% Tuesday in a mixed session. The retail industry was under pressure following disappointing quarterly results and guidance from Home Depot (HD 225.86, -12.99, -5.4%) and Kohl’s (KSS 47.02, -11.38, -19.5%) The NAS Comp climbed to a fresh record on the back of gains in mega cap tech companies even as the […]
$USD President Trump said he “protested” US interest rates that he considers too high relative to other developed countries in a meeting Monday with Fed Chairman Powell. Mr. Powell met with President Trump and Treasury Secretary Steven Mnuchin at the White House residence in the morning at the President’s request to discuss the economy. It […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The S&P 500 (+0.1%), DJIA (+0.1%), and NAS Comp (+0.1%) eked out incremental gains to close at record highs Monday. The Russell 2000 (-0.3%) closed in negative territory. Before President Trump, China has intended to take over the world. White House economic adviser Larry Kudlow proclaimed that President Trump will […]
Fed Chairman Powell likes to avoid any hint of politics in his public statements, but in a non-controversial response to a Question about US government borrowing Wednesday, he weighed in on one of the core issues in the political debate over how to manage the economy. Over the past year in particular, many mainstream economists […]
$XAU, $GLD, $USD Gold prices bounced off session lows and closed in the Green Tuesday, despite a stronger USD. Yields remain edged lower. German data is showing some small signs of improvement. President Trump in a speech before the Economic Club of New York on Tuesday to hammered the Fed, saying that although the stock […]
$DIA, $SPY, $QQQ, $RUTX, $VXX S&P 500 closed lower on trade concerns, but finished the month in the Green. Thursday, President Trump hammered the Fed and Chairman Powell in a Tweet, that despite interest rates dropping by another Quarter point. In a 2-part Tweet, President Trump argued that the Fed has placed the United States at a […]
The US housing market is still benefiting from lower mortgage rates, as more Americans signed contracts to buy homes in September. The National Association of Realtors said Tuesday that its pending home sales index rose 1.5% from August to September to 108.7, its highest level since December 2017. Measured Y-Y, pending home sales have risen 3.9%. Home […]
$XAU, $XAG, $GLD, $SLV, $USD Gold prices climbed above the Key $1,500 mark Thursday to mark their highest finish in about two weeks, as a monthly drop in U.S. durable goods orders buoyed haven appeal for the metal. The dismal durable goods number is helping boost gold prices as recession fears are again on the […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Tuesday, President Trump continued his attack on the Fed, and this time saying Chairman Powell and central bankers were “their own worst enemies” after a US manufacturing index posted the weakest monthly reading since the end of the last recession in Y 2009. “As I predicted, Jay Powell and the […]
$XAU, $GLD Gold is back in a short-term Bull mode with prices creeping up from $1,500 over the last 3 days of trading. The Big picture A lot could happen, but it is looking good.The problems causing renewed interest in gold as a hedge and as a safe-haven have no clear resolution. There are now […]
$XAU, $GLD, $USD One of the most common reasons to buy gold is to use it as a stable store of value. This analysis uses 50 yrs of history to test that common belief, and finds it lacking for it misses the best parts of investing in gold. The graph above will be developed, and […]
$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, […]
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 […]
$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 […]
$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 […]
$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 […]
In a series of Tweets early Wednesday, President Trump wrote that “boneheads” at the Fed should lower interest rates to Zero or below so that the US could decrease its borrowing costs. As a property developer, President Trump is thinking about negative rates from the perspective of a borrower. But, the Fed’s lukewarm appetite for negative […]
Friday, President Trump hammered Fed Chairman Powell for not lowering interest rates, asking “where did I find this guy,” in a Tweet. President Trump was responding to Jim Cramer, who said Friday that Mr. Powell should acknowledge that he should not have raised rates last year. “Why can’t the Fed chief say, ‘You know what? I […]
$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 […]
$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 […]
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 […]
$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 German government sold 30-yr bonds at a negative interest rate in a sign of the clouds over markets and future growth as well as increased expectations that more central bank stimulus is coming soon. The sale adds to the piles of negative-yielding bonds currently held by investors, indicating they expect growth and inflation to […]
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 […]
$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 […]
$XAU $GLD The gold price market technicals and fundamentals are aligned in here. The precious Yellow metal is up about 17% YTD, and that is up nearly 28% from this time last year. With prices back at $1,513 oz, some investors and market watchers are back to looking for Northside marks at $1,800 – 2,000 […]
There is now the “threat of deflation” in the US according to economic adviser Stephen Moore, who says that President Trump needs a catalyst in the trade dispute with China and the Fed can cut interest rates to provide it. “I am calling for the feds to have an emergency meeting next week to announce a […]
$XAU, $GLD, $GDX, $GOLD, $NEM, $RGLD After a big letdown from the Fed, it looked like the recent gold price surge would pause to refresh. Then President Trump took to Twitter the next day and escalated the China trade dispute. The price of gold did not just reverse Fed-induced losses but surged 6% over the […]
$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 […]
Wednesday, President Trump said the Federal Reserve must cut rates “bigger and faster” for the United States to be competitive against other countries. The stock market reversed and finished mixed with a Very Bullish bias. Wall Street likes cheap money “Our problem is a Federal Reserve that is too proud to admit their mistake of […]
$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 […]
$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 […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Positive finish to a positive week. Again, the longest Bull market in history has relied on low interest rates, and weakness in jobs. So, if everyone else is worried about stocks, capitalize on the fear and make a a lot of money as the market climes the wall of worry, fear […]
FLASH: Homeowners enjoy a $9.7-T gain in equity in last 10 years, up from $6.1-T in Q-1 of Y 2009.. “We are lifting up forgotten communities, creating exciting new opportunities, and helping every American find their path to the American Dream, the Dream of a great job, a safe home, and a better life for […]
$DIA, $SPY, $QQQ, $GLD, $XAU, $USD FLASH: Investors now have no doubt that the Fed will cut interest rates on 31 July for the 1st time in more than 10 years and it is the beginning for the path to near Zero, with no recession in sight. For weeks, money managers have bet on a […]
$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 […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: The longest Bull market in history has relied on low interest rates, and weakness in jobs. So, if everyone else is worried about stocks, capitalize on the fear and make a a lot of money as the market climes the wall of worry, fear is your friend, and you saw it […]
$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 […]
Friday, President Trump renewed his criticism of the Fed, complaining that the US is paying “much higher interest rates” than other countries, even as central bankers prepare for a meeting later this month at which they are widely expected to ease policy. “Because of the faulty thought process we have going for us at the […]
$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 […]
$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 […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: The longest Bull market in history has relied on low interest rates, and weakness in jobs. So, if everyone else is worried about stocks, capitalize on the fear and make a a lot of money as the market climes the wall of worry, fear is your friend, and you saw […]
President Trump wants the Fed to lower interest rates at a time when he may be sizing up his 2 latest picks for Fed governor as successors to Chairman Powell. If the Fed “knew what it was doing” it would cut rates, President Trump told reporters before he boarded Air Force One back to DC […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: More than anything else, the longest Bull market in history has relied on low interest rates, and weakness in jobs. So, if everyone else is worried about stocks, capitalize on the fear and make a a lot of money as the market climes the wall of worry, fear is your friend, […]
$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, […]
Friday, President Trump reaffirmed his view that a Fed interest rate cut would help the US economy grow more quickly, and said Fed does not know what they are doing. Growth “would be like a rocket ship” if the Fed eased, President Trump told reporters at the White House Friday as he prepared to travel to […]
$DIA, $SPY, $SOX, $QQQ, $RUTX, $XAU, $GLD, $RUTX, $VXX FLASH: Last week we saw Wall Street stocks and Gold rally finishing a super June as the market climbed a wall of worries. The stock market has rallied significantly over the past 6 months. The Big Q: Is this Bull Run sustainable? The stock market has rallied […]
$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 […]
$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 […]
$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 […]
$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 […]
$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 […]
$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 […]
$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 […]
$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 […]
$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 […]
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 […]
FLASH: Wednesday’s projections open the door for the Fed to lower rates in short order if the economy weakens, or US trade disputes with China and other nations escalate. Fed held interest rates steady Wednesday but signaled possible rate cuts of as much as half a percentage point over the remainder of this year, as […]
$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 […]
$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 […]
$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 […]
$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 […]
$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 […]
$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 […]
$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, […]
$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX FLASH: Last week we saw the best market week YTD This is another important week on Wall Street, after last week of released negativity, we will see how much power is left. The pattern suggest a roll over in here, but the Fed could/can/will change that. Expect Fed speakers to […]
$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 […]
$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX FLASH: Friday saw S&P 500 and NAS break. Already Bearish in the rollovers, Friday they gapped below the 200-Day SMA. Broke the neckline in the head and shoulders Wednesday, held the 200-Day SMA that session and Thursday, ready to bounce. Then the next bad news and the 200-Day SMA […]
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 […]
US home prices rose at the slowest pace in 6.5 yrs in March, a sign weaker sales are keeping a lid on price increases. The S&P CoreLogic Case-Shiller 20-city home price index rose 2.7% from a year earlier, down from an annual gainer of 3% in February. Price gains in formerly Red-hot cities such as Seattle […]
$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 […]
$XAU, $GLD, $USD Last week’s price action in gold indicates that buyers know where the value is, but the lack of conviction may be holding them back. This is likely because of the strong USD. But, if you look at the price action on 23 May, you will see just how powerful of an influence […]
