Boris Johnson told lawmakers he will cut taxes if he remains in office
The voting will start in about an hour The horse-trading is well underway as Boris Johnson attempts to remain Prime Minister. It will take the votes of 180 Conservative MPs…
The voting will start in about an hour The horse-trading is well underway as Boris Johnson attempts to remain Prime Minister. It will take the votes of 180 Conservative MPs…
Gloominess persists after Robust Jobs report and Musk’s Super Bad Feeling, Oil’s strong week, Gold eases, Bitcoin below $30,000. Robust hiring in May pretty much guarantees the Fed will move…
Goldman Sachs metals analyst Nick Snowden: “prices are gonna go absolutely ballistic to the upside.” Copper is set to finish this month lower but is still consolidating near the top…
Bond Yields Dip; Week Ahead Sees Economic Data Dump The Dollar Index (DXY) extended its slide, easing 0.20% to 101.58 from 101.77 after a key US inflation rate rose to…
US jobs report, Bank of Canada interest rate decision Next week the week will start slowly as the US will be on holiday in observance of Memorial Day. Generally speaking,…
Central banks talk up a big game in the battle against inflation But at the end of the day, they are rather powerless when it comes to significantly turning the…
FOMC meeting minutes for the May 2022 meeting All participant voted for 50 basis point hike China lockdowns and Ukraine increased risks restrictive stance on monetary policy may well become…
For The Week Of May 23-27 What are the highlights next week We’re wrapping up the seventh straight week of declines in the S&P 500 as the recession fears mount.…
What’s next for crude oil I want to highlight two critical oil charts. The first is from Goldman Sachs and it illustrates broad levels of oil spending globally. Remember that…
Ugly day in markets The wheels are truly coming off today in markets as we carve out new lows. S&P 500 down 136 points or 3.36% Nasdaq down 4% The…
It’s tough to see how prices don’t go even higher Share of Target are down 24.5% in the pre-market after missing badly on earnings despite growing revenue and traffic. The…
So far, there is little reason to argue that a prolonged rise will follow the current buying. On Monday, Bitcoin was down 3.6%, ending the day around $29.9, but is…
Comments from Powell at a WSJ event Reports that there’s broad support for having 50 bps on the table at the next two meetings Expresses uncertainty about the economy Financial…
Third straight week of gains The resilience in the oil market this week is shocking. Consider: Brutal market for risk assets with stock markets down six weeks in a row…
Federal Reserve Powell interview, highlights come via Reuters: “Whether we can execute a soft landing or not, it may actually depend on factors that we don’t control.” executing a soft…
With stock prices cratering and bond yields soaring, it’s a fair question to ask if the housing bubble is about to burst, too. After all, home prices have skyrocketed in…
Two developments over the past day: Are they related? A shock headline yesterday came from the World Health Organization, who told China it’s time to shift away from its dynamic…
The two Mikes: Novogratz and Saylor are dead-reputations walking Michael Novogratz and Michael Saylor are two of the most-prominent evangelists of cryptocurrency. They first made his reputation in financial markets…
The rules of the commodity game have changed, it’s all about supply In it’s Q1 earnings call yesterday, this is what energy giant Shell had to say when asked if…
Wednesday’s performance didn’t accomplish any goals Last Wednesday, Federal Reserve Chairman Jerome Powell said he wanted to speak directly to Americans and began by saying: “Inflation is much too high…