Gold has all the potential to go unprecedentedly high. But silver will be gold on
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(Bloomberg) -- The odds of capitulation in stock markets are rising, with macro hedge funds pricing in a more extreme scenario for a global selloff, according to Morgan Stanley’s quant strategists.
The Federal Reserve is expected to approve its third consecutive interest-rate increase of 0.75 percentage point on Wednesday, while signaling plans to raise and hold its benchmark rate above 4% in coming months to battle inflation.
The Bank of Japan’s outlier status is set to become even more acute this week with central banks from the Federal Reserve to the Swiss National Bank expected to raise borrowing costs.
Japan’s inflation quickened to the fastest pace in over three decades excluding tax-hike distortions, creating headaches for the central bank this week as it seeks to explain why it needs to continue with monetary stimulus when inflation is far above its 2% goal.
Tesla’s Billionaire CEO Fears the Economy Is Headed for a Worse Scenario Than Current InflationSep 20, 2022 - 05:33:12 PDT
The CEO of electric vehicle maker Tesla (TSLA) has been repeating for the past few days his fears about what awaits the economy as the Federal Reserve prepares to raise interest rates again in the hope of countering the inflation at its highest in 40 years.
Asking rents hit another high in July, a new report from Redfin found, with the national median asking rent price up 14% year over year to $2,032.
Labor Force Quits Remaining High ‘Is Not Consistent With a Recession’: ZandiSep 20, 2022 - 05:30:26 PDT
Moody’s Analytics Chief Economist Mark Zandi joins Yahoo Finance Live to discuss President Biden's recent comments on the state of the U.S. economy amid inflation, the health of the labor market, and U.S. homebuilder confidence.
One of the Federal Reserve’s most telling statements about markets came from Chair Jerome Powell on June 15 when the central bank announced its biggest rate hike since 1994: “Over the course of this year, financial markets have responded and have generally shown that they understand the path we're laying out.” When Powell said that, the S&P 500 had already fallen by more than 20% from its Jan. 4 high. In other words, Powell all but confirmed that the 2022 market rout was exactly what he and his colleagues wanted.
U.S. stock futures moved lower Tuesday as investors prepared for Federal Reserve officials to deliver another jumbo rate hike in their fight against persistent inflation.
This analysis focuses on gold and silver within the Comex/CME futures exchange. See the article What is the Comex? for more detail. The charts and tables below specifically analyze the physical stock/inventory data at the Comex to show the physical movement of metal into and out of Comex vaults.
Gold demand in China showed renewed strength over the last two months despite scattered COVID-19 lockdowns. Both gold withdrawals from the Shanghai Gold Exchange (SGE) in August and gold imports in July were up.China ranks as the world’s number one gold consumer.
In looking at the fundamental data, Silver seems to be disconnecting from gold and the broader stock market. In this update, I provide my analysis of why Silver is recently outperforming gold and the Dow Jones Index. Also, this move in Silver is based on strong fundamentals vs. gold, which looks even weaker...
The US Federal Reserve and a number of its global counterparts will launch a rapid-fire attack on inflation in the coming week as their commitment to bringing consumer prices under control gets ever more resolute.
In recent years, Congress has attempted to add various new mandates to the Federal Reserve's mission.
THE WOLF STREET REPORT: This Inflation Will Be Tough to Get under ControlSep 19, 2022 - 11:51:06 PDT
It’s like a dam broke. And now higher interest rates and mortgage rates for much longer, with lower asset prices, as the Everything Bubble gets repriced.
Sep 19, 2022 - 11:44:28 PDT
Yesterday [April 23, 2018], the Environmental Protection Agency announced that it would begin to count the burning of "forest biomass"—a.k.a. wood—as carbon neutral. The change will classify burning of wood pellets a renewable energy similar to solar or wind power.
The University of Michigan’s preliminary sentiment index edged up to 71 from 70.3 in August, data released Friday showed. The figure trailed the median estimate of 72 in a Bloomberg survey of economists.
California Housing Market: Dismal Sales, Prices Sag in San Francisco (-20% fr. peak)...Sep 19, 2022 - 11:33:41 PDT
And this was during the summer rally as mortgage rates dropped to 5%, stocks bounced, the Fed “pivoted,” and the Good Times started all over again.
A little over a month ago we warned that even prominent traders on Goldman' flow desk were concerned by the market's extremely dovish take of Powell's July FOMC "pivot", which had sent stocks soaring and financial conditions easing back to extreme(ly easy) levels, in effect undoing much of the central bank' tightening cycle.
Investors like to focus on QE and QT, because the quantity of money has an immediate effect on risk assets. In the same way, we like to focus on the Fed Funds Rate as the price of money also has a dramatic effect on risk assets. Oddly, we rarely focus on the actual banking function ...