An Older, Anxious, Mildly Paranoid Analyst
An Older, Anxious, Mildly Paranoid Analyst By Michael Every of Rabobank An older, anxious, mildly paranoid analyst US Treasury yields spiked higher yesterday after strong consumer confidence data and weak bond auctions, pushing the dollar up. The Fed’s Kashkari said the FOMC hasn’t entirely ruled out further rate hikes, but the odds are “quite low”. […]
Strong Economy May Delay Fed Rate Cuts Amid Inflation Concerns
The U.S. economy’s unexpected resilience, driven by a strong job market and consumer spending, has raised concerns that the Federal Reserve may delay or cancel planned rate cuts to combat persistent inflation. Minutes from the Fed’s May meeting indicate a readiness to tighten policy if inflation risks persist. As the Fed prepares to release updated […]
Asia's Demand Fuels Gold Price Surge, Says Julius Baer
Gold prices have surged due to strong demand from Asia, with futures rising from $2,052 to $2,360 over three months. Julius Baer attributes this increase not to overall demand growth, but to regional shifts and a greater willingness to pay, especially in China. The Chinese central bank has significantly contributed to this demand, driven by […]
Kim Jong Un Sends Hundreds Of Sh*t-Filled Balloons Into South Korea
Kim Jong Un Sends Hundreds Of Sh*t-Filled Balloons Into South Korea North Korea is literally sending sh*t ballons across the border into South Korea. Hundreds of balloons were spotted Wednesday drifting into South Korean territory, some of them with the word “excrement” written on them. This is because the balloons were loaded with feces and other rubbish […]
Zimbabwe Faces Deflation with New ZiG Currency
Zimbabwe has shifted from extreme inflation to deflation with the introduction of its new currency, the ZiG (Zimbabwe Gold), which replaced the unstable Zimbabwean dollar. In May, consumer prices fell by 2.4% from the previous month, marking a significant change from the previous currency’s volatility. This is Zimbabwe’s sixth attempt in 15 years to establish […]
Yield Curve's Predictive Power in Question as Economic Growth Continues
The inverted yield curve, a reliable recession indicator where short-term Treasury yields exceed long-term ones, is showing signs of losing its predictive power. Despite being inverted for a record duration, no major economic slowdown has occurred. U.S. employment remains strong, and economic growth is expected to improve. If a recession doesn’t happen soon, the yield […]
The Power Grid Expansion, Part 2: A Longer-Term View
The Power Grid Expansion, Part 2: A Longer-Term View Authored by Michael Lebowitz via RealInvestmentAdvice.com, This article follows Part One, which discusses the massive investment dollars that will be spent expanding and modernizing the power grid to facilitate demand from AI data centers and EV users. With the macro investment theory laid out, we explore which […]
Nasdaq Breaks 17,000 Mark, S&P 500 Slightly Up, Dow Drops Amid Rising Yields
The Nasdaq closed above 17,000 for the first time on Tuesday, driven by Nvidia’s 7% surge and gains in semiconductor stocks. The S&P 500 saw slight gains, while the Dow dropped as rising Treasury yields impacted the market. The tech sector led gains, while healthcare and industrials declined. Afternoon trading saw stocks lose ground due […]
Expectations for Student Debt Forgiveness Climb in Latest NY Fed Poll
A survey by the Federal Reserve Bank of New York reveals that Americans increasingly expect more federal student debt forgiveness, with the perceived likelihood rising to 39% in April from 28.7% in December. Expectations are particularly high among older Americans. Despite some debt relief measures under President Biden, including partial forgiveness for over 10% of […]
Gold Dips as Market Awaits Federal Reserve Clues from Inflation Data
Gold prices fell on Wednesday as U.S. Treasury yields increased and investors awaited a key inflation report expected to influence the Federal Reserve’s policy decisions. Spot gold dropped 0.82% to $2,341.53 per ounce, while U.S. gold futures fell 0.6% to $2,342.30. Rising Treasury yields and a stronger dollar have made gold less appealing. The market’s […]