Precious metals are apparently waking up. And here is where you can find the best deals.
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New York is in a better place after the post-holiday spike in Covid-19 and can begin to loosen restrictions and increase economic activity, Governor Andrew Cuomo said. Elective surgeries can resume in Erie County, Cuomo said, and more adjustments will be made over the next couple of days.“But, don’t get cocky with Covid,” he said Monday,,,
Lower supply, as production instead shifts down the coupon stack, and Federal Reserve buying have helped boost the coupon’s price, which touched 105-15+ Monday morning in New York. In terms of Treasury option-adjusted spread, the coupon offers negative 34 basis points as of Friday’s close, down from zero at year-end and positive 15 basis points at the end of November.
The Bank for International Settlements (BIS) said on Monday that it has launched a euro-denominated, open-ended fund for green bond investments by central banks and official institutions. Together, the two BIS green bond funds will manage some $2 billion in green bonds for central banks with the expectation that the funds will continue to grow...
Across Wall Street, signs of speculative excess are everywhere. Penny stocks surging. Cash pouring into trendy thematic bets. Risky debt paying less than ever. With unchecked animal spirits and historic valuations, what’s an investor to do?Keep buying, apparently.
Democrats Now Planning For New Stimulus Bill By Mid-March—Here’s What’s Holding It UpJan 25, 2021 - 11:21:12 PST
Senate Majority Leader Chuck Schumer (D-N.Y.) said Monday that he’s aiming to pass a new federal coronavirus relief bill “in the next month, month and a half,” Bloomberg first reported, meaning that it could be mid-March or longer before Americans see any more relief from Congress.
California Lifts Statewide COVID Stay-at-Home Order, Allowing Restaurants to ReopenJan 25, 2021 - 11:15:03 PST
The California Department of Public Health said on Monday that the state's stay-at-home order will be lifted for every region beginning immediately.
As of the January rent bill, more than 10 million Americans will be behind on their rent, meaning 18% of all renters are in danger of being evicted.
Today kicks off the annual World Economic Forum, which this time round is online and so can’t charge anyone $43 for a hotdog. Expect various iterations along the theme of “Builders’ Bums Better” from the talking heads as the ‘Great Reset’ slash ‘Great Reflation’ is dangled before markets.
President Joe Biden will escalate appeals for Congress to back his top priority, $1.9 trillion in pandemic relief, seeking to overcome Republican opposition to the plan as he enters his first full week in office.
U.S. corporate share buyback levels are slowly increasing after last year's pandemic-driven drop-off in spending, and investors are eager to see how much buybacks may support market gains.
For years now, I’ve listened as Washington politicians and central bankers admit to the obvious – that the trajectory of our federal debt is unsustainable – while invariably arguing it was not the time to be concerned or address it. With Treasuries blowing right through the 100% of GDP milepost – and likely poised to reach 125% within the next year or two – there’s no time like the present to recognize our nation is in serious fiscal trouble.
If you knew where the tree that grew money from its branches settled, wouldn’t you want to shake it? Of course you would. You’d in fact, want to shake it as often as you could.
Bear markets, while painful, "reset the table" for strong gains in the future. Trying to avoid them assures the next decade will foil most financial plans
The European Central Bank will be in the market “for an extended period of time” to ensure the economy has ample access to affordable funding to cope with the pandemic and its aftermath, President Christine Lagarde said.“The ECB will make sure that financing conditions are preserved at a favorable level,” she said at a Davos Agenda panel...
Gold Moves Lower As the Dollar Strengthens Ahead of the Fed Meeting This WeekJan 25, 2021 - 09:57:57 PST
Gold futures move lower on Monday, giving up earlier gains as government bond yields pulled back and the U.S. dollar strengthened, ahead of a Federal Reserve meeting on monetary policy later this week.
Inflation numbers this year could cause numerous headaches - for families fretting about food or gas bills, or politicians wondering if Fed policy risked a return to 1970s-style price surges.
The Federal Reserve this week will likely underscore its commitment to its low-interest rate policies, even as the economy recovers further from the devastation of the viral pandemic. Chair Jerome Powell is sure to strike a dovish tone at a news conference after the Fed's latest policy meeting ends Wednesday.
Here are some interesting Tweets about stimulus, money, vaccines, and stock market valuations.
The Fed has a binary choice: preserve America's global hegemony or further enrich the billionaires. You can't have both.
“Not only have the last two months seen supply shortages develop at a pace not previously seen in the survey’s history, but prices have also risen due to the imbalance of supply and demand.”