Category Archive: Finance, No picture
Charted: S&P 500 Sector Performance In 2023
While the Santa Clause rally of 2023 ultimately ended up fizzling out, the year was still an excellent one for U.S. equities. All three major indices ended December on a positive note, reversing the trend in 2022.But thematically speaking, which parts of the market did well, and which ones felt the pressure?We visualize the 2023 […]
If: Contradictory Data; Then: Pick Which Fits The Preferred Narrative
Image Source: Pixabay Today is the first Friday of the month, and thus traders were poised for the usual monthly jobs report. With all eyes on one of the most consequential economic reports on the calendar, markets chose instead to focus on a piece of the less-anticipated ISM data. However, the latter data better fit the […]
1,200 Tones Of Gold Have Disappeared From ETFs Since 2020, Poured Into Private Stacks
Image Source: Pixabay 2023 is over, and the drain of physical gold from the ETFs and other paper funds sped up significantly last year. That leads to one basic question. Where is it all going? Since 2020, about 1,200 tonnes are unaccounted for, and about 800 tonnes of that was drained just In 2023. Some of […]
Factors Affecting Gold In 2024
Image Source: Pixabay In this episode, JD and Joel discuss recent gold price action and key factors affecting gold in 2024 such as interest rates and global elections.TOPICS DISCUSSED How Joel and JD learned about Peter Schiff 2023 recap: A good year for gold? Interest rates in 2024 Free money necessary for true freedom Our New […]
2024 Outlook
Image Source: Unsplash This year promises to be one of the most interesting years economically, politically, and market-wise in history. We have two significant global conflicts/wars ongoing, just as President Xi of China is reiterating his promise to annex Taiwan, and Kim Jong Un of North Korea threatens to wipe the US off the map. Meanwhile, […]
AskSlim Market Week – Friday, Jan. 5
Image Source: Pixabay Projections for the next week. review of the previous in today’s episode of the askSlim Market Week.Video Length: 00:40:33More By This Author:AskSlim Market Week – Saturday, Dec. 16 AskSlim Market Week – Saturday, December 8 AskSlim Market Week – Friday, Dec. 1
Macro – Employment
The employment numbers came in progressively better throughout the week. Friday, the US Bureau of Labor Statistics reported that the US added 216,000 jobs in December. The following industries reported the largest gains: Leisure and Hospitality (Hotels, Restaurants, Gambling, Live Entertainment) — 40,000 Health Care — 38,000 Local Governments — 37,000 Professional and Business Services […]
NFP Report Shows A Hot Labor Market With 216k Jobs Added In December
Image courtesy of 123rf.com The December non-farm payroll (NFP) report exceeded expectations, showing an increase to 216,000, compared with the projected 170,000. The report triggered an instant market reaction, pushing the 10-year yield above 4% and sending stock futures tumbling. Non-Farm Jobs Rose by 216K in December, Significantly Above Expectations New jobs data for December were released on Friday and […]
Financial Cycle Behavior Is Consistent
Image source: Pixabay In June 1999, the US Fed began an 11-month rate hiking cycle that took the overnight rate from 4.75 to 6.5% by May 2000. Amid tech-mania-inspired irrational exuberance, the S&P 500 hit 1527 by March 2000, sold off into the summer, and rebounded to double top at 1521 by September on soft-landing forecasts.What […]
Gold’s 2024 Breakout Upleg
Image Source: Pixabay Gold’s momentous breakout upleg into nominal record territory is set to accelerate in 2024. Major bullish drivers for this leading alternative asset have really converged, which should drive gold much higher this year. Speculators and investors alike will increasingly flock back as gold achieves more record closes, accelerating its gains. Technical, sentimental, and […]
