Gold has all the potential to go unprecedentedly high. But silver will be gold on
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White House officials currently plan to cancel $10,000 in student debt per borrower, limiting the forgiveness to Americans who earned less than $150,000 in the prior year, or less than $300,000 for married couples filing jointly, the report said. That would be in line with what was expected.
May 27, 2022 - 08:14:02 PDT
The numbers keep getting worse. The University of Michigan Consumer Survey showed a decline in May to 58.4 (100 is baseline). Soaring inflation is a likely culprit. But the truly horrible survey re…
The Fed will not save the market this time The fractals, the repeating structures. The symmetry in time or space. History and the conclusions we draw from it. Mathematics in the price trend.
High Inflation May Already Be Behind Us, Deflation Likely A Bigger Issue For The Fed: Lance RobertsMay 27, 2022 - 07:51:12 PDT
The surge in “artificial inflation,” from the flood of liquidity against a supply shortage, will revert to a disinflationary trend. Debt and demographics will continue to drive deflationary pressures leading to a reversal of the inflation trade.
May 27, 2022 - 07:24:10 PDT
*Bond Shorts were crowded and it would reverse.
*Inflation expectations would get better.
*Food/Commodity prices would start to come down.
*The Fed would begin laying groundwork for a “dovish pivot.”
*USD would start to weaken. This will help earnings in 2H.
Bottom line is that sentiment indicates a relief rally amid broken technicals (for broad stock markets, with commodities and precious metals intact after taking a beating as well) as sentiment and certain macro indicators call for a potential pause in the bear backdrop.
May 27, 2022 - 06:51:46 PDT
US mortgage rates are up slightly this morning. Bankrate’s 30-year mortgage rate survey is up to 5.29%. The Biden Scorecard is still a bleak one (for non-elitists). Regular gasoline is UP 92%…
Gold prices rose on Friday as the dollar continued to weaken, and helped put bullion on track for a second straight weekly rise amid cooling bets for a more aggressive Federal Reserve monetary policy.
The world is moving rapidly toward increasing use of digital payments and an official digital version of the U.S. dollar could help safeguard its global dominance as other countries issue their own, Federal Reserve Vice Chair Lael Brainard said on Thursday.
The dollar edged higher on Friday but was on track for its biggest weekly drop in nearly four months as traders lowered Federal Reserve rate hike expectations amid signs the U.S. central bank might slow or even pause its tightening cycle in the second half of the year.
Airlines and tourist destinations are expecting monster crowds this summer as travel restrictions ease and pandemic fatigue overcomes lingering fear of contracting COVID-19 during travel.
Blinken Says U.S to Rely on Alliances, Trade and Investment to Counter China: WSJMay 27, 2022 - 05:54:00 PDT
Chief diplomat says Biden administration will focus on defending the rules-based order Beijing is trying to reshape
A record volume of Russian oil is on board tankers, with unprecedented amounts heading to India and China as other nations restrict imports because of the war in Ukraine.
US Savings Rate Crashes To Lowest Since Lehman, Fed's Favorite Inflation Signal Near 40-Year HighsMay 27, 2022 - 05:47:14 PDT
PCE breaks down as follows: Food prices accelerated along with housing as gasoline ticked down modestly in April (which will only be temporary as gas prices have exploded higher in May)...
While the price of gasoline frequently steals all the headlines, the price of diesel is actually more important when it comes to the cost of living and the economy.
Oil is heading for a modest fifth weekly gain before the US summer driving season kicks off this weekend, with motorists facing soaring costs on the back of tightening stockpiles.
Japan’s biggest steelmakers have warned they will push for more price hikes, intensifying inflationary pressures in a nation where carmakers to machinery industries are already grappling with surging costs.
May 27, 2022 - 05:29:31 PDT
Bottom line: The speed at which the economy loses steam may also catch people off-guard.
Citigroup Inc. strategists cut their recommendation on US stocks to neutral on the risk of a recession, joining an increasing number of banks in warning of a growth slowdown.
Home Listings Suddenly Jump As Sellers Worry They May Miss Out on the Red-Hot Housing MarketMay 27, 2022 - 05:21:52 PDT
With home sales slowing and mortgage rates rising, home sellers are starting to worry that the red-hot housing market is over.