By Sean Brodrick On June 4, 202010:32 AM Eastern
Gold pulled back sharply yesterday to test support at $1,700. The TV babblers say it’s because of smaller than expected May U.S. private-sector job losses.
I say “Balderdash!” It has very little...
By Jon D. Markman On June 4, 202006:28 AM Eastern
* Wednesday action recap and Calvinball
* Biggest rally in 75 years, and more to come
* S&P 500 target of 11,000 and how to get there
Stocks whooped up impressive gains again Wednesday...
By Mike Larson On June 3, 202004:00 PM Eastern
The year 2020 is one for the record books.
Indeed, even the most macabre author of dystopian fiction would have been hard-pressed to conjure up the events we’ve seen so far — and the year isn’t...
By Jon D. Markman On June 3, 202002:45 PM Eastern
Stocks are extending a string of gains on Wednesday, with a smaller-than-expected amount of private job cuts in May suggesting that heavy losses in the U.S. labor market from the COVID-19 pandemic...
Remember back in 2017, when the Fed announced “Quantitative Tightening?”
That meant selling some of the approximately $4.5 trillion of assets it accumulated on its balance sheet in after the...
By Jon D. Markman On June 3, 202006:28 AM Eastern
Stocks stormed higher again Tuesday as investors dug into more of the under-loved value stocks such as energy and materials even as U.S. cities were rocked by riots and renewed fears that the...
By Jon D. Markman On June 2, 202003:05 PM Eastern
Stocks are on the move higher Tuesday, with the Standard & Poor’s 500 hovering around three-month highs, as energy shares advanced and as investors worried about new data suggesting the...
By Sean Brodrick On June 2, 202011:24 AM Eastern
I don’t know if you saw the article I published in Saturday’s Wealth Wave, but it contains a chart I wanted to show you.
Negative-yielding debt is exploding higher again. It...
By Juan M. Villaverde On June 2, 202010:22 AM Eastern
It’s finally happened. Bitcoin (BTC, Tech/Adoption Grade “A”) closed the trading session yesterday at roughly $10,200, after going as high as $10,400 intraday.
This is the signal our model was...
By Mike Larson On June 2, 202008:00 AM Eastern
These are truly the times that try our souls. As an American, it’s very hard for me to turn on the television or fire up my smartphone and see our cities burn.
I’m sure you feel the same.
...