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Powell’s Gloomy Outlook Has Investors Predicting Fed May Make Another Big MoveMay 13, 2020 - 10:54:16 PDT
Some strategists say the Fed could announce a new quantitative easing program before or at its June 9 and 10 meeting.
Clearing houses "should prepare for the potential that certain contracts may experience significant price volatility, and that negative pricing is a possibility."
Stocks Tumble As Tepper Says Market "Most Overvalued Since The Bubble Of 1999"May 13, 2020 - 10:09:50 PDT
Another "big rich guy" weighs in...
Gold Climbs, on Track to Log Second Straight Finish Above $1,700 an OunceMay 13, 2020 - 08:44:05 PDT
Gold futures climbed on Wednesday, looking to register a second straight finish above the $1,700-an-ounce mark, as traders weighed the outlook for economic growth and the prospects for negative U.S. interest rates to gauge the precious metal’s next big move.
“All the money that is sloshing around and the ridiculous amount of jobs that have been lost, those jobs could come right back and then you have an extreme amount of stimulus. With all that cash in the economy, you could see some form of overheating.”
May 13, 2020 - 08:38:15 PDT
When the coronavirus pandemic tanked global travel activity, gold's supply chain ground to a halt. Trading hotspots that previously touted largely similar spot prices saw their price gap dramatically widen as the metal's supply in different locales seized up.
Money-market traders are forging ahead with bets on negative interest rates, even as central banks push back.Investors in the U.K. are the latest to follow the trend, pricing in sub-zero for 2021.
Members of Germany’s top court continued to defend their controversial decision that questioned the underpinning of the European Central Bank’s asset repurchase program, saying national courts do have a limited oversight role over the bloc’s judges.
Some within the Trump administration may come to view such cyber attacks as acts of war, a major change in the perception of cyber attacks.
CLOs package up risky corporate loans to back payments on a group of new securities that have cascading exposure to default by any of the underlying borrowers. “CLOs and the loans underpinning them are ground zero in terms of the vulnerability of this crisis,” says Matthew Mish, a credit analyst at UBS.
The extra debt being taken on by already heavily indebted governments and companies to tackle the coronavirus crisis will “come back to haunt us”, Angel Gurria, secretary-general of the OECD, has warned.
Fed Spells Out Terms of Talf Rescue Facility, Paving the Way to Unleash FundsMay 13, 2020 - 06:56:03 PDT
The Federal Reserve on Tuesday laid out specifics for participants in its $100 billion Term Asset-Backed Securities Loan Facility to keep credit flowing to...
Federal Reserve Chair Jerome Powell is warning of the threat of a prolonged recession resulting from the viral outbreak and is urging Congress and the White House to act further to prevent long-las…
Powell: More Policy Help May Be Needed to Pull the US Out of Economic DownturnMay 13, 2020 - 06:49:49 PDT
Powell noted the unprecedented strength of fiscal and monetary measures already taken but stressed the need to make sure that the deepest slump since the Great Depression does not get out of control.
PPI Exposes Real-Life Under Lockdown - Booze Costs Soar As Gas Prices PlungeMay 13, 2020 - 06:46:32 PDT
After the collapse in consumer prices (surging food costs offset by a collapse in energy costs), producer prices are expected to follow suit but actually printed far worse than expected.
Gold continued to flow into gold-backed ETFs, setting another all-time record in April.Globally, funds added another 170 tons of gold last month amounting to $3.9 billion, according to the latest data from the World Golf Council. It was the sixth straight month of net inflows.
Stocks fell on Wednesday as investors pored through downbeat remarks from the top-ranking Federal Reserve official.
Powell: "Fed Not Looking At Negative Rates" Reversing Dovish Knee jerk ReactionMay 13, 2020 - 06:32:32 PDT
"Negative rates is not something we are looking at" - Jerome Powell
Watch Live: Jerome Powell's "Economic Update" & Discussion Of Negative RatesMay 13, 2020 - 06:29:57 PDT
"Powell is likely to push back on adopting negative rates, reinforce his willingness to continue using balance sheet tools, an lean on fiscal policy makers to do more."
The smart play is to focus on the buy zones of $1675, $1575, be patient, and enjoy the right shoulder formation process because a glorious surge towards...