Gold Fades As Trump Win Fuels A US Dollar Rally
Image Source: Pixabay Gold price tanks as US yields rise and underpin the Greenback. Trump’s decisive win lifts US yields and US Dollar to four-month high, pressuring Gold. Fed’s expected rate cut on Thursday, which could halt Bullion’s losses. Gold plunged to a three-week low below $2700 a troy ounce on Wednesday after the 2024 US Presidential […]
GBP/USD Backslides In Broad-Market Greenback Rally
Photo by Colin Watts on Unsplash GBP/USD fell back below the 1.2900 level as markets pivot into the Greenback. Looming BoE rate cut provides little support for Cable. Fed due to deliver another rate cut in lockstep with BoE. GBP/USD tumbled back below the 1.2900 handle on Wednesday as markets splurged on Greenback bids following the one-sided outcome […]
German Government Collapses And Snap Elections Loom In March
Image Source: PixabayAs if an already dramatic day for the global economy needed any more excitement, Germany has delivered a significant political upset of its own. German Chancellor Olaf Scholz announced tonight that he has fired his finance minister Christian Lindner. Lindner’s party, the FDP, left the government. In a short speech explaining the decision, Olaf Scholf was on fire, at […]
Small Caps-The Win? Retail-The Maybe?
You all know how focused I am on the Granddad and Grandmother of my Economic Modern Family.And, while SPY and Nasdaq soared to new highs, the Russell 2000 IWM and Retail XRT performed well, but not near new all-time highs well.There was a perception going in that a Trump win would be better for Small Caps.As […]
Bitcoin Cup And Handle Breakout
Image Source: Pixabay Last week we published a Chart of the Day highlighting the multi-year cup and handle pattern that bitcoin had formed and its similarities with gold’s (GLD) technicals. On the back of President Trump’s victory last night, bitcoin’s price has now spiked more than $6,000 to trade at new all-time highs above $75,000. The post-election move […]
Tax Cuts Without Spending Cuts Won’t Reduce The Taxpayers’ Burden
Image Source: Pexels As this election cycle has demonstrated yet again, Democrats are not shy about calling for tax increases. In every election cycle they call for more taxes, whether through corporate taxes or through taxes on unrealized capital gains. Donald Trump, meanwhile, has pledged to cut some taxes. I say “some” because Trump has also pledged to […]
Stocks And Precious Metals Charts – Rate Decision This Thursday
The Dollar rallied sharply, and gold and silver were slammed.Stocks soared.Hubris calls for nemesis. And they will reap the whirlwind.The Fed will be making another rate decision this Thursday.Have a pleasant evening. More By This Author:Stocks And Precious Metals Charts – Popcorn And Noodles Stocks And Precious Metals Charts – Tumbling Dice Stocks And Precious Metals […]
The Trump Trade Bursts Into Action
Image Source: Pixabay Wall Street’s main indexes soared to record highs on Wednesday, driven by Donald Trump’s dramatic return to the White House after his 2024 election victory. In a stunning political comeback, Trump clinched a second term, and investors were quick to react to the prospect of lower taxes, deregulation, and a president known for […]
Stocks Explode Higher As Implied Volatility Drops Sharply Following Trump Win
So, Trump won the election as expected. Today also marked the completion of the implied volatility reset that began yesterday, with the VIX 1-Day dropping from around 30 to 15 and the VIX index falling from 20.5 to 16.6. Naturally, this sent stocks higher, and the typical reaction we see during implied volatility resets. The most […]
NAT: The Ship Has Sailed For This Shipping Company’s Dividend
Before we get to this week’s Safety Net, I’d like to briefly address the presidential election and some other upcoming news.The market ripped higher this morning due to Donald Trump’s victory. Bond yields spiked as well.We’ll also receive the Fed’s latest decision on interest rates tomorrow afternoon. It is expected that the central bank will […]
