Stocks rose Tuesday following a brutal week as investors assessed a more aggressive Federal Reserve and rising chances of a recession. The Dow Jones Industrial Average jumped 424 points or 1.4%. The S&P 500 climbed … Read more
Key Points: Hertz’s $4.2 billion deal to purchase 100,000 Tesla fully electric vehicles (EVs) by the end of 2022 set off a race among rental car agencies. Enterprise Holdings and Avis Budget Group have announced … Read more
GoldFix Comment: In the post 2008 GFC era, the relationship described below was not much help because of Quantitative Easing. In QE, Gold behaves like a stock or risk-on asset from the liquidity infusions. But now, … Read more
By Graham Summers, MBA Yesterday I outlined why the Fed can’t stop inflation. By quick way of review: 1) The U.S. has $31 trillion in debt. 2) The U.S. is already spending $305 billion in … Read more
That ’70s Show In the wake of Friday’s soaring CPI print and Bank of America strategist Michael Hartnett’s latest note (“A Dire Outlook From Wall Street’s Biggest Bear”), it’s worth revisiting the ’70s bear market analogue he sketched out … Read more
US index futures turned positive on Thursday, even as European stock slipped ahead of the ECB decision at 745am ET, with Nasdaq 100 contracts outperforming as oil prices and bond yields stabilized and strategists at … Read more
Back in July 2020, I appeared on a podcast with Tom at Palisades Radio, where I forecast the peak in Gold and Silver in August. The Fed had already cut QE by 88% and fiscal … Read more
Some were stunned to see stocks surge in the last hour of trading on Friday in the illiquid vacuum that saw the S&P earlier tumble into a bear market, sliding more than 21% from its … Read more
Everybody has a plan until they get punched in the face – Mike Tyson There’s no point beating about the bush here – From Twitter to the mainstream media, everyone’s talking about the market correction. … Read more
Nasdaq books its biggest daily percentage gain since November 2020 U.S. stocks ended sharply higher Friday, but all three major benchmark still booked another week of losses, as investors assessed the scope for further downside … Read more