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Stocks And Precious Metals Charts – No Surprise

Stocks And Precious Metals Charts – No Surprise

Stocks were wobbly today, but some late afternoon action took big tech back up to unchanged. For the rest of the equity market, not so much. Gold and silver futures soared overnight, but as is customary they were knocked down in the paper trade of New York.No surprise there.  It’s been a long time coming, it will be […]
Bond Yields Break Out… And This Energy Trade Just Exploded

Bond Yields Break Out… And This Energy Trade Just Exploded

Image Source: Pexels Equities had a decidedly mixed day – just three of 11 S&P 500 sectors finished higher by 4 PM. The energy sector, as tracked by the XLE ETF, was one of those standouts, and it’s easy to see why: Geopolitical risk and tension is continuing to increase, and supply is getting thin.Oil in […]
Shares Of Reddit And Trump Media Company Plummet As IPO Hype Dies Down

Shares Of Reddit And Trump Media Company Plummet As IPO Hype Dies Down

Image courtesy of 123rf.com Shares of Reddit, Inc. (NYSE: RDDT) and Trump Media & Technology Group Corp. (Nasdaq: DJT) experienced significant declines on Monday, with both stocks falling victim to intense short-selling pressure. As of 1:20 PM EDT, Reddit’s stock price dropped by 8.31% to $45.22, while DJT plummeted by 26.67% to $45.44. Reddit and Trump Media & […]
Silver Price Analysis: XAG/USD Stands Neutral Following ISM PMIs, Labor Data Looms 
                    

XAG/USD technical analysis

Silver Price Analysis: XAG/USD Stands Neutral Following ISM PMIs, Labor Data Looms XAG/USD technical analysis

Image Source: Pixabay The XAG/USD pair is trading near the $24.98 level, mostly neutral during Monday’s session. This comes after the signals of resilience in the US economy underscored by the recent Institute for Supply Management (ISM) report and the surprising uptick in the Manufacturing Purchasing Managers’ Index (PMI). In that sense, the resilience of the […]
Beyond Dollar: Gold’s Global Rise

Beyond Dollar: Gold’s Global Rise

Image Source: Unsplash In this short clip, Samantha LaDuc and Craig Shapiro discuss the relationship between gold, global trade, and currency dynamics, highlighting gold’s resurgence as a significant asset in international trade, particularly with countries like China, India, and members of the BRICS alliance moving away from US treasuries in favor of gold.They delve into the […]
Explaining The 2022-23 Disinflation Out-Of-Sample

Explaining The 2022-23 Disinflation Out-Of-Sample

Image Source: Pexels In tomorrow’s lecture on the Phillips Curve and the recent inflation surge for Econ 442, I ask whether a modifed Blanchard-Cerutti-Summers (2015) Phillips Curve specification can predict the disinflation. Answer: Yes.BCS use: I modify by (1) unconstraining the coefficients on expected and lagged y/y inflation, (2) using lagged y/y core instead of headline CPI, (3) using the […]
Energy Pumps Up The S&P GSCI And Markets Go Cuckoo For Cocoa

Energy Pumps Up The S&P GSCI And Markets Go Cuckoo For Cocoa

“I think it’s from all those dog-gone cocoa beans. Hey, by the way, did you guys know that chocolate contains a property that triggers the release of endorphins? Gives one the feeling of being in love.” -Willy Wonka, Charlie and the Chocolate Factory (2005) Inflation presented a direct hit to consumers at the pump, with […]
Crazy Stock Market Predictions Can Become Reality

Crazy Stock Market Predictions Can Become Reality

Image Source: Pixabay I talk a lot about tuning out the media noise so you can listen to the actual message from the markets. However, sometimes the media is right. In fact, sometimes their crazy stock market predictions can become reality.Case in point: two books that predicted the Dow Jones Industrial Average would climb significantly higher. […]
Dow Drops 241 Points To Kick Off 2nd Quarter

Dow Drops 241 Points To Kick Off 2nd Quarter

Fresh off a stellar first quarter on Wall Street, the Dow finished the day with a steep triple-digit drop. The S&P 500 finished modestly lower as well, while the Nasdaq traded on both side of the aisle before ultimately closing in the black. Friday’s PCE price index reading and subsequent Fed comments were in focus, while Treasury […]
Equities Shine Over Bonds

Equities Shine Over Bonds

Helped mainly by the massive gain since late October, the S&P 500’s one-year trailing total return through the end of March clocked in at an eye-watering 30.5%, or nearly triple the historical average of 11.8%.While the rally over the last year has been well above average, it followed a period of weak returns in the […]