The FED did not set the pace for Asian trading, Fed Chairman Jerome Powell did in the Q+A afterward. The comment that all are referring to today was the FED’s inflation outlook. Guess you really have to ask the question,
September 27, 2018
What levels are important in the /NQ and key tech stocks like AAPL, AMZN, FB, MSFT and others? Video Length: 00:09:42
Gold and silver were lower today as the Dollar regained some strength within its recent trading range. It may be cynical, but I also expected gold futures to take a gut check after the recent expiration. And there it is.
The Bureau of Economic Analysis (BEA) revised Q2 GDP to a 4.07464% continuously compounded annual rate from 4.13987%. More importantly, the BEA provided revised benchmark estimates for corporate profits. The good news is that the benchmark was higher. The bad
Sectors bullish as a whole, but still with some notable laggards. Financials suck, I’ve played them sporadically throughout the year, and every time, the gains have meager. Energy I have been incredibly skeptical of, though I have played them with
Data Courtesy of Trade Alert
Durable goods orders jumped 4.5% in August. Excluding transportation, durable goods orders increased 0.1%. The Census Department report on Advance Durable Goods shows orders rose 4.5% in August. New Orders New orders for manufactured durable goods in August increased $11.1 billion or
Consumer confidence in the country grew unexpectedly in September, following solid improvement in August, according to a report by the Conference Board. Consumers’ evaluation of current conditions remained extremely optimistic, as job and economy remained on a growth trajectory. Rising
The most significant and dangerous risks stem from policymaking. And on top of the list is, of course, the protectionist crusade of the Trump administration to disrupt the post–World War II global economic order the US was instrumental in building.
Here is how I see the precious metals situation. It’s one or the other of… US dollar declines short-term and the precious metals bounce with the rest of the anti-USD trade, or… US dollar rises (likely along with the Gold/Silver
