US Existing Home Sales Slump To Lowest Since 2010
US Existing Home Sales Slump To Lowest Since 2010 Existing home sales disappointed (yet again) in September, declining 1.0% MoM (vs expectations of a 0.5% MoM rise). August’s 2.5% MoM drop was revised up to a 2.0% MoM drop, but still left existing home sales down 3.5% YoY… Source: Bloomberg Total sales SAAR dropped to […]
Bank of Canada Slashes Rates For 4th Straight Month In Biggest Rate Cut Since Covid
Bank of Canada Slashes Rates For 4th Straight Month In Biggest Rate Cut Since Covid In keeping up with the global easing frenzy, and also in keeping with its promises from last month when it said to “expects further cuts”, moments ago the Bank of Canada – home of what may be the world’s biggest […]
Silver Hits 12-Year Peak — Gold Breaks $2,700
Gold prices have recently surged past the $2,700 mark. Meanwhile, silver has also reached a 12-year high, benefiting from similar market conditions and investor interest in safe assets. Despite facing resistance from higher US yields, gold’s appeal as a safe-haven asset remains strong due to ongoing uncertainty in the US economic outlook.
Trump Files Formal Complaint Of ‘Election Interference’ Against UK Labour Party
Trump Files Formal Complaint Of ‘Election Interference’ Against UK Labour Party Former President Donald Trump’s campaign has filed a complaint with the election commission, accusing the UK’s Labour Party of making illegal foreign campaign contributions and interfering in the 2024 presidential elections after its volunteers allegedly traveled to the United States to help campaign for […]
Geopolitical Risks Propel Gold to Unprecedented Peaks
Gold prices has once again surged to new record highs, driven by geopolitical tensions in the Middle East and uncertainty surrounding the upcoming U.S. presidential election. The metal reached $2,758.49 on Wednesday, reflecting investors’ flight to safety amidst fears of escalating conflicts between Israel and Iran and a tight election race in the U.S. This […]
Paul Tudor Jones: Bitcoin and Gold Key to Navigating Inflation
Billionaire investor Paul Tudor Jones advocates for Bitcoin, gold, and commodities as hedges against inflation in a recent CNBC interview. He predicts inevitable inflation due to current economic conditions and recommends a diversified portfolio including these assets along with Nasdaq stocks, while advising against fixed-income investments. Jones suggests that inflation could be a potential solution […]
Memory Inflation Warps Bond Yields
Memory Inflation Warps Bond Yields Authored by Michael Lebowitz via RealInvestmentAdvice.com, The Mayo Clinic defines Post Traumatic Stress Disorder, or PTSD, as “a mental health condition that’s caused by an extremely stressful or terrifying event — either being part of it or witnessing it.” Within the field of PTSD research is a concept called “memory inflation.” Memory […]
Citron Research Employee Settles Fraud Charges With SEC Over “Two Tweets”
Citron Research Employee Settles Fraud Charges With SEC Over “Two Tweets” Citron Research employee Ryan Choi settled charges with the SEC, paying more than $1.8 million, for putting out two tweets and trading around them. The SEC said on Tuesday Choi “negligently engaged in a scheme to defraud readers of Citron Research in connection with […]
Investors Flock to Gold as U.S. Election and Middle East Risks Loom
Gold prices have reached record highs as investors seek safe-haven assets amid growing uncertainty surrounding the upcoming U.S. presidential election and ongoing tensions in the Middle East. This surge in gold prices is occurring despite a strong dollar and rising Treasury yields, which typically dampen gold’s appeal. Meanwhile, global stocks are experiencing a slight decline […]
Election and Fed Loom as Treasury Hedging Costs Climb
The cost of hedging against potential losses in U.S. Treasuries has surged to its highest point in 2024, driven by traders’ anticipation of significant upcoming events, such as payroll data releases, the U.S. election, and the Federal Reserve’s policy announcement. These events could exacerbate market losses, with traders expecting a further rise in yields. The […]