Earnings season began last week, with 12 S&P 500 companies reporting. Banks and financial companies were a big part of the mix. Better news on consumer inflation (CPI) boosted stocks while lowering yields and expectations for […]
Since the last FOMC meeting on June 14th – when The Fed ‘paused’ its hiking cycle (but pressed its view, via The Dots, that the cycle has at least 2 more hikes in it) – […]
By Greg Hunter’s USAWatchdog.com, Economic analyst and financial writer David Morgan went against the majority of financial gurus and predicted at the end of 2022 that there was no way the Fed was going to […]
By Eric Peters, CIO of One River Asset Management “Chair Powell, what’s the value in pausing and signaling future hikes versus just hiking now?” asked Nick Timiraos from the WSJ. “I mean, not to be […]
The stock market’s ongoing rally is the calm before the storm, according to JPMorgan Asset Management’s CIO. Bob Michele told CNBC that current market conditions remind him of the March-to-June period of 2008. “We’re seeing things that […]
If Powell was on the fence about a Fed “hawkish skip” or whatever the June pause is now called, the latest monthly data just released by the NY Fed Consumer Survey should help allay his […]
Authored by Matthew Piepenburg via GoldSwitzerland.com, We have hardly been the first nor the last to realize that rising rates “break things.” We’ve all seen the disastrous credit events in the repo crisis of late […]
Authored by Michael Maharrey via SchiffGold.com, In March, I warned that the commercial and investment real estate markets could be the next thing to break in this bubble economy. A recent article in the Wall […]
The Philly Fed’s Services index was in contractionary territory for the 9th month of the last 10 in May (-16.0), but very slightly higher from April’s two-year lows. Source: Bloomberg More problematically, the survey […]
Federal Reserve Chair Jerome Powell said on Friday it is still unclear if US interest rates will need to rise further, as central bank officials balance uncertainty about the effect of past hikes in borrowing […]
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