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Do Not Ignore The Federal Reserve’s Warnings

Do Not Ignore The Federal Reserve’s Warnings

Image Source: Pixabay Whether or not you like their monetary policy, do not ignore the Federal Reserve’s warnings. As the central bank of the US, it is an independent body that will do whatever is necessary to keep the financial system afloat.With that said, they do have a trust issue. For many years it was difficult […]
Are The Chinese Selling Dollars To Buy Gold?

Are The Chinese Selling Dollars To Buy Gold?

Image Source: Pixabay Are the Chinese selling US dollar-denominated assets to buy gold?It sure looks that way.Chinese investors sold $21.2 billion in US assets in August alone – primarily US Treasury bonds. Meanwhile, the Chinese government has been buying gold at a steady pace.Writing at FXEmpire , analyst Vladimir Zernov said there are two dynamics driving the Chinese […]
Strong Earnings Help Stocks To Midday Gains

Strong Earnings Help Stocks To Midday Gains

Wall Street is notably higher midday, thanks to a strong batch of corporate earnings reports. Treasury yields are still on investors’ minds, but the 10-year note was last seen hovering just below the 5% mark. The Dow Jones Industrial Average (DJI) and Nasdaq Composite (IXIC) are up triple digits, while the S&P 500 (SPX) sits firmly in […]
Re-Steepening Yield Curve Signals Financial Trauma In Motion

Re-Steepening Yield Curve Signals Financial Trauma In Motion

Image Source: Pixabay In the past few months, short-term treasury yields have risen more than long-term such that the yield curve, which has been inverted since April 2021, is now un-inverting. This move typically signals the near-term onset of recession and the worst stock market losses.The chart below from my partner Cory Venable shows the move […]
ECB Bank Lending Survey Signals That Tighter Policy Is Working

ECB Bank Lending Survey Signals That Tighter Policy Is Working

Image Source: Pixabay The bank lending survey by the ECB shows that weaker economic conditions and higher interest rates are having a clear impact on borrowing. This is a sign that monetary transmission is working rather forcefully at the moment and will be taken by the ECB as a reason not to hike further, especially given […]
It’s All About Employment

It’s All About Employment

“Davidson” submits:If employment is rising, then nothing is broken. There are many ways analysts describe the behavior of markets. The simplest are not complicated and describe long-term (not short-term) relationships. This chart brings together the SP500, employment and Retail Money Fund levels. It is instructive of the current environment.Retail Money Funds are at record levels, […]
Bull Of The Day: NeoGenomics

Bull Of The Day: NeoGenomics

Photo by Maxim Hopman on UnsplashNeoGenomics (NEO) is a small-cap provider of cancer genetics diagnostics. They boast one of the most comprehensive oncology-focused testing menus in the world to help physicians diagnose and treat cancer.NeoGenomics serves the needs of pathologists, oncologists, academic centers, hospital systems, pharmaceutical firms, integrated service delivery networks, and managed care organizations throughout […]
Earnings Recap: Coca-Cola, Spotify, Raytheon Report Solid Numbers

Earnings Recap: Coca-Cola, Spotify, Raytheon Report Solid Numbers

Image Source: Pexels As the earnings season unfolds, investors eagerly anticipate a crucial week ahead that promises to unveil fresh perspectives on corporate giants like Microsoft, Meta, Amazon, and more. Amid this anticipation, Tuesday witnessed an impressive start as Coca-Cola, Spotify, and Raytheon presented robust Q3 results, driving up their stock prices at the opening bell. Coca-Cola’s Q3 Results Shares of […]
FTSE Modestly Positive As Precious Metal Miners Support, Banks Weigh

FTSE Modestly Positive As Precious Metal Miners Support, Banks Weigh

Image Source: Pexels On Monday, the UK’s FTSE experienced relatively stable performance, with gains in mining stocks that were tracking higher metal prices offsetting the drag caused by the shares of Barclays following less-than-stellar quarterly results.The commodity-focused FTSE 100 posteda modest gain of 0.7%. British lender Barclays faced a challenging day, with its shares declining by […]
Miserable Breadth Must Equal SPY Decline

Miserable Breadth Must Equal SPY Decline

S&P 500 refused the premarket decline to the 4,220 support I had been eyeing for quite a while, and didn‘t stop at 4,245 or 4,260. Only 4,280 did the trick, and even if yields were retreating still (10y to the high 4.80s), cyclicals lost their mojo. Starting today, the former three leaders (XLK, XLC and […]