Anticipating the financial market’s reactions to economic data releases is like trying to follow a drunk driver. There’s little to no predictability but lots of lurches in both directions, and you might end up crashing and self-destructing. A textbook example is the...
With the gold price settling at its lowest level since March, there’s little appetite on Wall Street for hard assets lately. Indeed, we’re seeing the opposite of FOMO – you might even call it “SLOW-MO” or “NO-MO.” It’s a dramatic shift in sentiment compared to April...
America just avoided careening over another fiscal cliff, it seems, as enough senators’ self-preservation instincts kicked in to prompt the passage of a last-minute spending bill Saturday night. The president signed that same bill, which the House of Representatives...
“Higher for Longer” is Wall Street’s New Buzzword Remember how the “strong consumer” was supposed to save the economy in 2023? That narrative isn’t working out too well now with high gas prices ($6 per gallon in California!) boosting inflation and shoppers reflexively...
It’s not the end of the world, but it could spell the end of the bull market in large-cap stocks. Whenever the U.S. government shuts down, there are ripple effects throughout the economy – and even a “Teflon” market will have trouble shaking off the disruptive impact....
Some commentators are apparently surprised that oil is heading toward $100 per barrel now. Really, though, what’s surprising is that it took so long for the petroleum price to reach this level. Nearly depleting the Strategic Petroleum Reserve, after years of the...