Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
Apr 18, 2023 - 07:56:12 PDT
It’s springtime for housing! But winter for the mortgage market. US housing starts have declined in March by -17.2% since the same time last year (YoY) as The Fed rapidly removes Covid-related monetary stimulus (green line).
Gold prices climbed back above the $2,000 level on Tuesday, buoyed by a weaker dollar, while investors looked for more clarity on the U.S. Federal Reserve's rate hike path.
Disagreement is bubbling up at the Federal Reserve as dueling growth and inflation risks pull policymakers in different directions. If you think the debate seems fiery now, just wait until the third quarter, when recession may be at the nation’s doorstep.
Is housing starts' reversal signaling the downturn in the housing market that will eventually hit employment.
Prepare for Oil to Rally as the Fed Gets Set to Pause Its Rate Hikes: JPMorganApr 18, 2023 - 05:50:32 PDT
Since 1988, the final rate hike in a tightening cycle has been followed by increases in the price of Brent crude three months later, JPMorgan said.
Banking Stability Worries Go Behind Closed Doors at IMF-World Bank MeetingsApr 18, 2023 - 05:49:05 PDT
Just a month after the biggest banking crisis in more than a decade, the world's top economic and financial policymakers gathered in Washington and said surprisingly little about financial system stability - at least publicly. With financial markets calmed by strong policy actions to stem the outflow of bank deposits, the International Monetary Fund and World Bank spring meetings...
China Will Become the Global Economy’s Biggest Growth Driver in the Next 5 Years, Doubling the USApr 18, 2023 - 05:44:22 PDT
IMF: Brazil, Russia, India, and China together are expected to contribute nearly 40% of the world's growth through 2028, the group said.
‘There’s No Reason to Wait’: Sell Stocks Now Before the S&P 500 Tanks by Over 20%, Strategist SaysApr 18, 2023 - 05:40:24 PDT
The stock market is heading for a sharp setback that could see the S&P 500 plunge about 22% over the coming quarters, according to the chief market strategist at FS Investments.
A Big Recession?: Blackrock Dismisses Concerns of an Economic Downturn This YearApr 18, 2023 - 05:35:59 PDT
Everyone is talking up the prospect of a recession. Well, actually, not everyone, it seems. In contrast to the widely held view that a recession is now all but inevitable, BlackRock CEO Larry Fink believes otherwise. Fink argues that due to the huge volume of stimulus being directed at the economy from a host of bills, such as the Inflation Reduction Act, the Infrastructure Bill...
Charles Schwab Corp. executives said the firm can withstand the turmoil roiling US banks, while pausing stock buybacks in response to the industry’s worst crisis since 2008.
Investors cheering the gains in technology stocks this year may not have much more to celebrate, according to JPMorgan Chase & Co.’s Marko Kolanovic.
Investor allocation to equities relative to bonds has dropped to its lowest level since the global financial crisis as worries about a recession take hold, according to Bank of America Corp.’s global fund manager survey.
UBS Group AG said it will use some shares that it had repurchased over the past year to finance the acquisition of Credit Suisse Group AG, after the Swiss regulator approved a change to its buyback plan.
Apr 18, 2023 - 05:25:49 PDT
“The reality is that the 25 largest domestically-chartered commercial banks in the U.S. have been bleeding deposits for most of the past 12 months, shedding more than $700 billion in deposits between April 13, 2022 and March 29, 2023. To put that in even sharper focus, all U.S. domestically-chartered commercial banks have lost a total of $970 billion during the same time period. That means that the largest 25 banks account for a whopping 72 percent of the plunge in deposits over the past year.”
Climbing a wall of worry is one thing. Scaling the towering monolith of skepticism that currently comprises Wall Street’s view of markets takes uncommon courage.
BlackRock Inc. will begin selling failed banks’ securities Tuesday, launching a months-long process to help the Federal Deposit Insurance Corp. offload $114 billion of assets it picked up from Silicon Valley Bank and Signature Bank.
Central banks will settle for inflation that’s higher than their 2% targets, according to a majority of fixed-income investors in a Bank of America Corp. survey.
A Japanese insurer with $65 billion of assets plans to offload all its currency-hedged foreign debt holdings, foreshadowing what may become a renewed wave of selling by some of the biggest investors in global bond markets.
BlackRock Inc. strategists are ditching the 60/40 portfolio in favor of public and private investments as well as tactical holdings of bonds to navigate higher interest rates.
The European banking industry has withstood the challenge posed by the crisis sparked in March, Deutsche Bank AG Chief Executive Officer Christian Sewing said.