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Gold prices fell for a sixth straight session on Monday, weighed down by a robust dollar and expectations of further interest rate hikes from the Fed.
A Whopping 74% of Americans Think the US Is Headed in the WRONG DirectionAug 22, 2022 - 05:57:49 PDT
Nearly 75% of Americans think the US is headed in the WRONG direction under Joe Biden and more than half worry country's best years are in the past, NBC poll shows
Britain recorded its biggest fall in output in more than 300 years in 2020 when it faced the brunt of the COVID-19 pandemic, as well as a larger decline than any other major economy, updated official figures showed on Monday.
Aug 22, 2022 - 05:52:50 PDT
Germany's economy stagnated in the second quarter of 2023 while inflation rose to a 40-year-high of 7.5% in July.
Despite the market bounce, small businesses and households are straining under the pressure of inflation, an unbalanced labor market, and dwindling savings.
Federal Reserve Chair Jerome Powell will have a chance -- if he wants to take it -- to reset expectations in financial markets when central bankers gather this week at their annual Jackson Hole retreat.
Benchmark 10-year Treasury yields came within a whisker of 3% as traders bet that US policy makers will double down on their hawkish stance at the upcoming Jackson Hole symposium.
Some of the world’s biggest bond investors say the market is wrong to expect central banks to score a long-term win in the war against inflation.
Tent Cities Are Taking Over Vast Stretches Of Our Major Cities (And It's Only Going To Get Worse)Aug 22, 2022 - 05:32:46 PDT
If brighter days are ahead for the U.S. economy, why are so many tent cities popping up all over the nation?
A sober warning for Wall Street and beyond: The Federal Reserve is still on a collision course with financial markets.
BOJ Seen Cutting Growth Forecasts on Soft Spending, Says Ex-Central Bank ExecutiveAug 22, 2022 - 05:28:56 PDT
The Bank of Japan will likely cut its economic forecasts at its next quarterly review in October, as slowing global demand and a resurgence in COVID-19 infections hurt exports and consumption, the bank's former top economist Seisaku Kameda said on Monday. Japan's economic recovery is at a "critical juncture" as consumption appears to have stalled during the summer,...
Euro zone government bond yields edged lower on Monday, just off their multi-week highs, as inflation fears kept investors focused on expectations for more monetary tightening. The European Central Bank (ECB) must keep raising interest rates even if a recession in Germany is increasingly likely, as inflation will stay uncomfortably high all through 2023...
Europeans returning from their summer breaks will find a more fragile economy that risks buckling under the threats of energy rationing, record inflation and tighter monetary policy.
The Federal Reserve is likely to deliver the last of its big rate hikes in September, setting up stocks to continue rallying in the second half, according to JPMorgan Chase & Co. strategists.
Stock futures were pointing to losses to start the trading week.
The so-called "Inflation Reduction Act" is another Washington DC lie. It won't do anything to reduce inflation. In fact, it will do the exact opposite. Instead, they should have named it the "Liberty Reduction Act," because that's what 87,000 new IRS agents funded by this spending bill will do.Yes, the tax man cometh. And he won't just be coming for billionaires.
The four-week win streak in stocks came to an end last week with all of the major indexes down significantly on Friday. As Peter explained in his podcast, it appears the markets are coming to terms with the fact the Powell Pivot may not come as quickly as anticipated. That means interest rates may go higher as the inflation fight continues. But Peter says the markets still don't get the big picture. The Fed can't win this inflation fight without wrecking the bubble economy.
The price analysis last month concluded that the market might have seen capitulation. It suggested the FOMC and GDP could spark a short squeeze based on the overly bearish COTs report. While gold rebounded strongly, it ran into stiff resistance and more hawkish talk by the Fed. With a large pullback from recent highs, is gold about to fall through another floor, or is it building support within the old range of $1750-$1800 where it was trapped for months?
METALS & MARKET UPDATE AUG 21st: Global Drought Will Likely Impact World Economy Over Next DecadeAugust 21, 2022
If the market believes this Global Drought is a "One-Off Event," they will be sadly mistaken. The infamous U.S. drought and Dust Bowl that occurred during the 1930s Depression, wasn't a "One-Off Event." Rather, there were four distinct droughts during the 1930s that negatively impacted the U.S. and global economy...
Weekly Market Recap: Bullish Technicals But Bearish Fundamentals: Which Matters More?Aug 20, 2022 - 12:03:02 PDT
The technical chart data looks really bullish here, observes financial advisor Lance Roberts. But none of the fundamentals do, he also warns. Bullish technicals. Bearish fundamentals.