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Rate-Cut Hopes Resurrected As ‘Hard’ Data Slides: Stocks, Gold, Oil, & Crypto Dumped

Rate-Cut Hopes Resurrected As ‘Hard’ Data Slides: Stocks, Gold, Oil, & Crypto Dumped

Image Source: UnsplashA weird week of weak ‘hard data, strong ‘soft’ data (macro), weak micro (ugly hints for software and consumer from earnings), and dovish-and-hawkish FedSpeak…Source: BloombergWhich prompted a resurgence in rate-cut hopes…Source: BloombergBut today’s Chicago PMI puke dominates any in-line PCE print and dragged stocks lower on the week, led by weakness in Nasdaq as Small […]
SLV And SIL: Two Ways To Play Boom In Silver Prices

SLV And SIL: Two Ways To Play Boom In Silver Prices

Image Source: PixabayI’m really bullish on gold. But I’m even more bullish on silver. The market is pretty sure that the Fed is done hiking, and the next thing it will do is cut rates. This optimism is lighting a fire under gold and silver, which are held back by higher rates because the metals don’t pay interest. Consider the iShares […]
Philadelphia Fed GDPplus Revised Significantly Lower, But No Recession Yet

Philadelphia Fed GDPplus Revised Significantly Lower, But No Recession Yet

Image source: PixabayThe Philadelphia Fed has a GDP method that blends, not averages GDP and GDI. They revised the indicator significantly lower on Thursday.GDPplus from Philadelphia Fed and GDI from the BEA, chart by MishIs GDP or GDI a Better Measure?The Philadelphia Fed prefers GDI over GDP but it prefers a blend (not an average) which […]