It’s been an interesting week so far in the world of gold prices and central banks making use of their gold reserves. For those asking if they should buy gold, two events this week provide further arguments … Read more
U.S. stocks declined Wednesday, giving up some of the previous session’s sharp gains. The Dow Jones Industrial Average dropped 265 points, or 0.9%, while the S&P 500 fell 0.8%. The Nasdaq Composite slipped 0.7%. Those … Read more
Key Points: The Federal Reserve suddenly finds itself second-guessed as it tries to navigate the economy through inflation and away from recession. Complaints center on three themes: That the Fed didn’t act quickly enough to … Read more
Summary The negative supply shocks related to COVID and the Russian invasion of Ukraine are causing headwinds for the US economy, which contracted in the first quarter of this year. However, as consumption and investment … Read more
Two weeks ago, just when everyone thought that he couldn’t turn any more bearish, BofA’s chief investment strategist Michael Hartnett, Wall Street’s biggest bear who is by extension has also emerged as the most accurate sell-side … Read more
We went from a booming economy to staring down the next recession. Inflation has reached 8.3%, and most Americans are troubled that they will no longer be able to afford their standard of living. According … Read more
Jobless claims are near the lowest level since the late 1960s The numbers: New U.S. jobless claims fell slightly to 184,000 in mid-April and stayed near a 54-year low, reflecting a tight labor market in which … Read more
Fannie Mae forecasts a “modest recession in the latter half of 2023” and believes the house-buying frenzy will begin to cool in the US. The Federal Reserve’s hawkish direction to curb inflation has led the agency to … Read more
Defensive sectors not overextended if macro backdrop remains volatile: DataTrek’s Colas Recession fears are on the rise as the Federal Reserve gears up to fight inflation. Many stock-market investors are already playing defense and may … Read more