$DIA, $SPY, $QQQ, $RUTX, $VXX This week’s trade has been headlined by the yield-curve inversion theory, where the yield of shorter-dated debt rises above its longer-term counterpart. On Wednesday, the yield 10-yr T-Note rate briefly fell below the 2-year T-Note a condition that has sometimes been a recession indicator. The degree to which investors have crowded […]
$GLD $XAU FLASH: Gold Bugs are betting there is more to the precious Yellow metal’s rally than interest rates. Gold is on its way to a 3rd straight monthly gainer, trading near 6-year highs as central banks signal easier monetary policy. The Fed is expected to cut U.S. interest rates by a Quarter point Wednesday. […]
$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 […]
$XAU, $GLD The SPDR S&P 500 ETF Trust (NYSE:SPY) has rallied 37.5% in the past 3 years, while the SPDR Gold Trust (NYSE:GLD) has lagged, gaining just 5.7% in that frame. Now comes Bridgewater Associates hedge fund manager Ray Dalio, who has recently said gold could be gearing up for a “Gold Bug” decade of returns. Paradigm Shift: in […]
Study Debunks Key Theory of Global Warmingists A new hurricane study published by researchers from Princeton University and NOAA put the kibosh on a popular theory pushed by global warming alarmists. The Pet Theory: Pollution gets in the way of the Sun hitting the oceans, dropping temperatures and therefore reducing hurricanes. But clean air acts that cleaned up […]
Einstein’s ‘Theory of Happiness’ Fetched $1.3-M at Auction The Winner’s auction house said that Albert Einstein scribbled the note in German to a bellboy while traveling in Japan in Y 1922 after he did not have cash to give him a tip. It reads: “A calm and modest life brings more happiness than the pursuit […]
Rosetta Space Probe Crash-lands on Icy Comet Cheers erupted at the European Space Agency Friday as the Rosetta spacecraft, which traveled 4-B miles over the last 10 years made a crash-landing onto the icy comet it has been orbiting for 2 years. After catching up to Comet 67P and conducting scientific measurements of the comet […]