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Last week, the Fed raised interest rates by 0.5%. It was the biggest rate increase since the year 2000. But it was hardly aggressive in light of the current bout of inflation. Not only that, Jerome Powell took a future 75 basis point hike off the table. In his podcast, Peter Schiff argued that no matter what the Fed does, it has already lost the inflation fight.
The Tactical Trader returns with a timely update regarding the crisis in our current financial system and how the fallout might impact the broader markets. This update also sheds some more light on the disadvantageous situation Michael Saylor and the larger Bitcoin community finds itself as the price of Bitcoin closes in on the crucial $30,000 level.
Weekly Market Recap: Time To Get Out Of The Market? Or Is A Rally About To Arrive?May 7, 2022 - 11:25:15 PDT
Another emotionally exhausting week in the markets... Bonds continued falling & stocks are testing the year lows. Is it time to get out of the markets? Or is a relief rally from here more likely?
Due to its unique properties, gold was one of the first metals discovered by mankind. The precious metal doesn’t rust or corrode, is malleable for artwork or jewelry, and conducts heat and electricity.
Kristal Founder & CEO Asheesh Chanda says he is long gold and agricultural commodities, but short Europe. He speaks with Juliette Saly and Rishaad Salamat on "Bloomberg Markets: Asia". (Source: Bloomberg)
Stocks Suffer Longest Losing Streak In 10 Years, Long-Bond Battered As Fed-Cred CrumblesMay 6, 2022 - 13:08:53 PDT
Absolute chaos intraday in stocks this week... and for a brief period today, there was hope that things would 'get back to even' magically on the week... But all that hope evaporated after Kashkari's comments (which briefly lifted stocks back to unch) faded into the ether and stocks pushed back towards the lows of the day and week (before a late buying panic)...
Gold’s price is roughly $1,883 per ounce, which is down about 4% for the year but up significantly from prices seen three and five years ago. Even though the price appears to be lagging as of now, it is historically high.
Global bond funds faced big outflows in the week to May 4 as soaring inflationary pressure fueled caution ahead of the Federal Reserve's policy decision this week.
Just 30% of adults surveyed by Gallup said now is a good time to buy. It's the first time the share fell below 50% since the question was first asked in 1978.
"The Market Is Softening, Full Stop": Zillow Plunges After Company Issues Dire Housing OutlookMay 6, 2022 - 12:52:05 PDT
It's one thing for a fringe, tinfoil, conspiracy theory website such as this one to warn (repeatedly, for months) that with mortgage rates rapidly approaching 6%, the US housing market is on the verge of a vicious collapse, as discussed articles such as these:..
‘We See a Big Recession in the Making’: Top CEOs Are Fearing the Worst in EuropeMay 6, 2022 - 12:04:06 PDT
The CEOs of several European blue chip companies have told CNBC that they see a significant recession coming down the pike in Europe.
May 6, 2022 - 11:56:53 PDT
Detail sector PMI data compiled by S&P Global revealed a broadening of the global economic slowdown in April with more sectors reporting falling output than at any time since 2012
Wages Surged, Raging Inflation Crushed the Purchasing Power of those WagesMay 6, 2022 - 11:36:24 PDT
Why a crackdown on inflation might actually help in bringing people back into the labor force.
Halfway through my reading stack, I was furious. The Federal Reserve is a banking cartel, using tax dollars to line their pockets...
Kashkari asks Policy Has Tightened a Lot. Is It Enough? While the FOMC has now raised the funds rate by 75 basis points over the past two meetings (to 75 to 100 basis points), inflation has climbed rapidly over the course of the past year. Some observers argue the Fed is way behind the curve because inflation has climbed faster than we have raised rates. Is this criticism right? No.
Ken Rogoff on April Jobs Report: Wages Not Keeping Up With Inflation ‘Concerning’ and ‘Problematic’May 6, 2022 - 10:46:04 PDT
The former chief economist at the International Monetary Fund provided the insight during an interview with Fox News Digital after the Labor Department revealed that average hourly earnings rose by 5.5% year-over-year in March, down slightly from 5.6% the month before. The data comes amid surging inflation, which hit a fresh 40-year high in March.
DoubleLine CEO Jeffrey Gundlach joins Scott Wapner for an exclusive interview on CNBC Overtime to share his views on the economy, markets and asset allocation following Chair Powell's press conference.
High fertilizer prices and weather worries are adding to the threat for global crop supplies, including drought curbing the U.S. wheat crop. That risks compounding a deepening hunger crisis. A United Nations food index eased less than 1% in April, holding near an all-time high.
May 6, 2022 - 08:24:11 PDT
Equity Group Investments chairman and founder Sam Zell provides insight into how inflation is impacting the housing market and U.S. economy.
Billionaire Real Estate Investor: Inflation ‘Creating Hole’ in Housing MarketMay 6, 2022 - 08:24:11 PDT
Equity Group Investments chairman and founder Sam Zell provides insight into how inflation is impacting the housing market and U.S. economy.