June 14, 2018
* Currencies rally on U.S. rate hike…
* All three anti-dollar assets rally!
Good Day… And a Tub Thumpin’ Thursday to you! WOW! It’s Flag Day! So, Happy Flag Day to one and all! Well, for the first time in over a week, I had a good night’s sleep! And woke up ready to fight a bear! Or at least dollar bugs! I watched another night of weak at-bats by my beloved Cardinals last night… They just have no consistency whatsoever, and I blame the manager for that. I’m just saying… The Cornelius Brothers & Sister Rose greet me this morning with their song: It’s Too Late To Turn Back Now…
That’s funny, because I think that’s what the Fed Heads are saying to each other about now… It’s too late too turn back now, with their rate hikes that is… Yeah, they sure sounded quite hawkish yesterday, and mentioned that their going to pick up the pace of rate hikes because in their words, “the economy is strong”… But I’m of the opinion that the Fed is hiking rates to fill their quiver with..
Pedro Nicolaci da Costa October 11, 2017 Federal Reserve Vice Chairman Stanley Fischer has a curious parting message as the US central bank’s No. 2 official: Trust us. “I still believe we will have higher inflation,” Fischer told Bloomberg Television in an interview, despite the central bank’s record of having undershot its 2% inflation target for […]
Oct 5, 2017 10:23 a.m. ET Dow has registered 44 record closes—its most all-time high finishes in a single year since 2013 A resurgence in the so-called Trump trade has investors once again contemplating a fresh milestone for the Dow Jones Industrial Average. This time the most well known and oldest U.S. equity benchmark is […]
Joe Ciolli September 29, 2017 With the stock market hitting yet another series of record highs, some investors may be inclined to take the money and run — or at least start to worry about the rally’s sustainability. Not the legendary investor Laszlo Birinyi. The president of Birinyi Associates is going in the opposite direction, placing more bullish […]
Tom Reese,ETF Daily News From Jordan Roy-Byrne: In recent weeks both metals and miners have declined somewhat sharply after reaching resistance. Gold peaked just below major resistance near $1375/oz and GDX, the biggest ETF for gold miners peaked at its October 2016 and February 2017 highs. If precious metals can break through this resistance then a major […]
September 18, 2017 CNBC.com The stock market would have to drop as much as 40% to be fairly valued, says advisor Part of the thesis is rooted in CIO Brad McMillan’s belief that the lofty levels of tech stocks seem reminiscent of the dot-com bubble. “Take as much risk as you want now. But you […]
BILL PETERS 9/13/2017 The chief economic adviser of Pimco’s parent company became the latest big voice in the financial world to cast doubt on bitcoin, a day after JPMorgan (JPM) CEO Jamie Dimon called bitcoin “a fraud.” “It is a disruptive technology,” Mohamed El-Erian, chief economic adviser at Allianz, the German parent of the bond giant, […]
by Joe Ciolli September 12, 2017 Goldman Sachs has cut its third-quarter GDP forecast following a pair of catastrophic hurricanes. The firm now sees GDP expanding by 2% during the period, down 0.8 percentage points from its previous forecast. Goldman currently estimates that Hurricane Irma will result in $30 billion in total losses, adding to the $85 billion of […]
It all boils down to whether margin expansion will be temporary or sustainable for the industry. Sean Williams Sep 7, 2017 It’s very quietly been a very strong year for physical gold. Following a late 2016 swoon, the lustrous yellow metal has rallied from its $1,150.90 an ounce close on Dec. 30, 2016, to hit a […]
September 3, 2017 Saikat Chatterjee LONDON (Reuters) – The euro clung to most of its recent gains on Monday while the dollar struggled against a broad swathe of currencies and its trade-weighted basket approached a 2-1/2 year low. It suffered from a rush to unwind currency bets following North Korea’s latest nuclear tests. “The […]