Precious metals are apparently waking up. And here is where you can find the best deals.
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BofA's technical analyst Stephen Suttmeier published a note on Monday titled "Correction risk increases moving into February," point out that as January comes to an end, seasonality risks in February may suggest it's now time to "take some profits...
In today's video: “I do think that this year, there’s going to be some tremendous market correction, I think that people are going to start coming to the conclusion that they have to run to safety. A lot of people think that the markets are so manipulated by central banks that they can’t crash any more - they’ll only go up. Well, why did they do such an enormous pullback in March?” - Mike Maloney
Income support captures if the government is covering the salaries or providing direct cash payments, universal basic income, or similar, of people who lose their jobs or cannot work.
But it turns out that discouraged workers aren’t the only problem with the unemployment rate. In fact, these days the headline unemployment rate isn’t just an undercount, it actually paints an alternate reality that masks the degree to which low- and moderate-income people are hurting. As a result, policymakers believe these Americans are better off than they actually are.
This change comes during a time when Covid has hit dozens of underperforming businesses. The retail apocalypse in particular has come for restaurants, mall stores, businesses that rely on impulse shopping and luxury retailers.
Although advocates for covid-19 lockdowns continue to insist that they save lives, actual experience keeps suggesting otherwise. On a national level, just eyeballing the data makes this clear.
Women and young workers bear brunt of job losses and reductions in hours, says UN labour body.
Remote-Workers Routed As Critical Internet Services Suffer Major East Coast OutageJan 26, 2021 - 09:14:16 PST
Users of Zoom, YouTube, Google, Gmail, Google Meet, Robinhood, Slack, Spotify, and Amazon Web Services are reporting issues or outages on Tuesday morning, according to Downdetector.
White House Signals It Could Agree to More Narrowly Targeted Stimulus ChecksJan 26, 2021 - 09:08:12 PST
Biden himself on Monday said he would consider curbing eligibility for the checks if it could help secure Republican support in Congress.
Home Prices Soar At 4.5 Times The Fed's Inflation Target In All US CitiesJan 26, 2021 - 08:35:12 PST
The Fed's most frequent lament is that no matter how many trillions in bonds (and stocks and ETFs) it buys or how much liquidity it forehoses into the market, it just can't push inflation higher.
The U.S. Federal Reserve is tapping a senior official to lead a new team focused specifically on financial risks posed by climate change, the central bank announced Monday. Kevin Stiroh, who previously led bank supervision at the New York Fed, will lead the newly-formed "Supervision Climate Committee," ...
Jan 26, 2021 - 08:24:31 PST
Christine Lagarde, president of the European Central Bank (ECB), said on Monday that 2021 could be a year of recovery, but that would most likely be accompanied by a "very high level of uncertainty" before achieving the transition to a "new economy".
"Greatest Rise In Inequality Ever": The Last 6 Months Saw Sharpest Rise In US Poverty In Half-CenturyJan 26, 2021 - 08:18:58 PST
A new poverty estimate seeking to analyze the nationwide impact of government relief measures which expired just at the end of last month has found that the latter half of 2020 marked the sharpest rise in the US poverty rate since the 1960s.
Banking Group Asks U.S. Government to Fix Glitches in Pandemic Loan PlanJan 26, 2021 - 08:15:56 PST
A lobbying group for U.S. banks called on the U.S. government on Monday to amend glitches in a key federal pandemic loan program that it said were preventing small businesses from getting the financial aid they needed.
Risk is all around us. After the events of 2020, it’s not surprising that the level and variety of risks we face have become more pronounced than ever.
However, the picture was mixed yet again with a further drop in "present situation" and a further modest rise in 'hope'...
Gold fell on Tuesday as a slightly firmer dollar and uncertainty over a U.S. stimulus package kept bullion under pressure, with investors awaiting cues on future monetary policy decisions from the U.S. Federal Reserve.
Why we reduced risk last week. Notably, exuberance combined with surging margin debt levels has previously provided the ingredients for a correction.
It’s reality-check time for ESG funds. Exchange-traded funds investing in companies with responsible environmental, social and corporate governance practices lured a record $85 billion in the U.S. and Europe in 2020, and are still raking it in. Pumped up by the flows, stocks in many of these funds are trading at frothy price-to-earnings multiples...
Fears unleashed by the once-in-a-century pandemic are clinging onto volatility markets even as stocks boom to record highs and Wall Street speculators gorge on every risk.