Category Archive: Finance
Consumer Sentiment Reports & Philly Fed Both Weak
Consumer Sentiment and Spending Consumer Sentiment – As online shopping gets close to the double digits as a percentage of overall retail sales, the fate of online shopping becomes the fate of the overall market. Since online shopping is growing faster than physical stores, its importance to growth is larger than its share. On a […]
Gold Prices To Hit $7,000? This Contrarian Sign Makes A Case For It
Gold Prices Could Be Presenting a Great Opportunity as Gold Becomes Most-Hated Asset If you have even a slight contrarian in you, then don’t ignore gold prices. The yellow precious metal could be presenting an opportunity like it did back in 2001–2002. You see, gold has officially become one of the most hated assets these […]
Chart: Cross Asset Volatility
This unassuming chart contains a wealth of information about the challenges we currently face with active asset allocation and the global macro backdrop. Basically what it shows is an alternative measure of the average volatility across stocks, bonds, commodities, and currencies. The bottom line is volatility across asset classes is starting to wake up from a deep sleep. […]
Sec “Will Take A Beating” If Elon Musk Avoids Enforcement Action
The Securities and Exchange Commission is under mounting pressure to take action against Elon Musk as a result of the embattled CEO’s tweet earlier this month, where he stated he had “funding secured” for a bid to take Tesla private at $420 per share. Musk has so far been unable to back the tweet up with any […]
The Fundamental Case For Owning Gold Today
Recently my friend Ben Hunt pointed out that gold is really more a hedge against a central bank mistake than a hedge against geopolitical upheaval. I agree but I believe gold is an effective hedge against a fiscal mistake, as well. In other words, when the government gets very aggressive in a budgetary sense it can be positive for […]
FOMC Minutes: Three Frustrating Fed Fears Fail To Fade
Last month, the Federal Reserve changed a grand total of about twelve words in its most recent monetary policy statement (see “FOMC recap: Powell’s snoozer leaves traders looking ahead to BOE and NFP” for more), so traders were understandably unexcited for the release of today’s FOMC minutes. Layer on an imminent monetary policy update from Fed Chair […]
Nvidia Rises As Analysts Get Bullish On New Gaming GPUs
After post-quarterly results weakness, Nvidia’s stock is on the rise as analysts digest the launch of the company’s new gaming GPUs. During a presentation at the Gamescom conference in Germany, Nvidia’s CEO Jensen Huang unveiled the new GeForce RTX 2070/80 and the new GeForce RTX 2080 Ti. In a research note this morning, JPMorgan analyst […]
Yes, Your Bull Market Debate Is Dumb
I recall watching a baseball game earlier this year in which the announcer said that Juan Soto of the Washington Nationals was the youngest player ever to hit a home run at a particular baseball field. I thought to myself: “wow, what an achievement. No, wait a minute, that’s a totally irrelevant stat.” Lots of […]
This “Looney” Market Is Looking Over The Edge Of A Cliff… Just Before It Falls
Many of you remember the old Warner Bros. cartoon series, Looney Tunes – specifically the slapstick episodes involving the hilarious duo, Wile E. Coyote and the Road Runner. Somehow, in every episode, the fast-running ground bird manages to outwit the coyote, despite repeated attempts by the coyote to catch and eat it. No matter how […]
