The Global Equity Landscape: Struggles And Surprises In 2024
U.S. equity markets enjoyed a great year in 2024, but the returns in many developed equity markets were found wanting in relative terms and, in many cases, absolute terms as well.With just a few trading days left in 2024, the S&P Developed BMI has gained 22% YTD as of Dec. 13, 2024, with all but 3 of […]
Fed Cuts, Stocks Drop
Image Source: Pexels Stocks and sentiment fell after Federal Reserve cut rates’Video Length: 00:12:32More By This Author:Record Bankruptcy Fears Mixed Market Signals Economic Sentiment Flips
The Fed Induced Market Mayhem Subsides
Image Source: Pexels In the aftermath of yesterday’s Federal Reserve-induced market chaos, where virtually every stock was plunged into a sea of red, the S&P 500 managed to stage a comeback, initially surging as much as 1.1% before ultimately securing modest gains of 0.3%. This ephemeral rally highlights the market’s resilience, yet savvy traders remain vigilant, […]
Inflation Bites: The $38 Million Man
Image Source: Pixabay It’s easy to think of “inflation” as an abstract economic principle and forget that it has real impacts on real people.Federal Reserve Chairman Jerome Powell acknowledged the pain of price inflation during his press conference at the close of the December FOMC meeting. “We understand very well that prices went up by a great […]
Dow Back In Black After Historic Losing Streak
Stocks somewhat bounced back from yesterday’s meltdown, but the rally left a lot to be desired.The Dow snapped its historic 10-day losing streak with a triple-digit pop, while the S&P 500 and Nasdaq finished marginally lower at the bell despite trading higher for the entire day. Despite the gains, all three major indexes finished well off their […]
Canada And Recession
Notice that I don’t say in or out of recession. Nonetheless, with slow growth (and per capita growth negative), there’s plenty of discussion (e.g., here today). And Trump’s threats of tariffs — even if they don’t come through — could impart enough uncertainty to throw the country into recession.Q3 q/q growth was 1.5% (annualized). Here’s m/m GDP […]
Why Tariff Inflation, If It Comes, Won’t Be Just A Blip
Image source: Pixabay I am a Tariff Man,” declares President-elect Donald Trump. But wait! Won’t tariffs cause inflation? Yes, say the Wall Street Journal and other mainstream commentators. No, says Scott Bessent, the hedge fund manager that Trump has picked to be Treasury Secretary. At most, he thinks tariff inflation will at most be just a blip.Who is […]
FOMO’s Role In Driving Gold Prices
Image Source: Pixabay FOMO—the fear of missing out—might be the most powerful force in the markets.Price action is normally driven by fear and greed. Fear, of course, drives bear markets. Eventually, in a bear market, greed replaces fear and drives prices relentlessly higher. And sometimes, greed gives way to FOMO.At these times, we tend to see […]
U.S. Stocks Could See A Steeper Sell-Off In January
Image Source: Pexels The US stock market experienced a rather aggressive sell-off on Wednesday after the Federal Open Market Committee signalled less-than-expected rate cuts for 2025.Still, market research and insights firm Yardeni Research says the worst is yet to come.Experts at Yardeni Research warned clients of a steeper sell-off in January as investors opt to “take their […]
The Fed’s Big Lie (And What To Do Before 2025)
As widely expected, the Fed cut rates for the final time this year by 25 basis points this week. That brings its total rate cuts within the past four months to 100 basis points.In my best-selling book Collusion, I detailed how central banks collude to support the global banking system regardless of economic factors. This year […]
