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Category: Markets

Your Dental Hygienist Could Be Driving Gold’s ‘Parabolic’ Rally

July 29, 2020

Late last week, I not-so-gently suggested that gold was in “mania mode”. That wasn’t an

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5 Comments on Your Dental Hygienist Could Be Driving Gold’s ‘Parabolic’ Rally

Something Consequential

July 29, 2020July 29, 2020

Fed decisions and post-meeting press conferences have a way of turning out anticlimactic. Or maybe

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Nice Floor You Got There

July 28, 2020July 29, 2020

Markets are generally resilient in the face of a few lackluster earnings reports and a

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Deutsche’s Kocic: It’s ‘As If The Market Doesn’t See Any Bounds’ For Monetary Policy Support

July 28, 2020July 28, 2020

Are there limits to central banks’ capacity to “administer” asset prices and otherwise engineer benign

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4 Comments on Deutsche’s Kocic: It’s ‘As If The Market Doesn’t See Any Bounds’ For Monetary Policy Support

Marko Kolanovic On How To Hedge A ‘Triple-Whammy’ To Multi-Asset Portfolios

July 28, 2020July 28, 2020

For a decade (at least) investors have been afforded the opportunity to “have their cake

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Surprise! Consumer Confidence Is Coming Unglued

July 28, 2020July 28, 2020

Color me not (at all) surprised. Consumer confidence deteriorated in July, The Conference Board said

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9 Comments on Surprise! Consumer Confidence Is Coming Unglued

The Dangers Of Deficit Dogmatism And The Courting Of Disaster

July 28, 2020July 28, 2020

What do we know now that we didn’t know coming into this week? Not much,

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15 Comments on The Dangers Of Deficit Dogmatism And The Courting Of Disaster

This Simple Point ‘Gives The Whole Game Away’ In Gold (And Bitcoin)

July 28, 2020July 28, 2020

For years, I have implored cryptocurrency advocates to take a step back and reflect on

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16 Comments on This Simple Point ‘Gives The Whole Game Away’ In Gold (And Bitcoin)

Gold Gets Jittery After Historic Run As Goldman Says World Searching For ‘New Reserve Currency’

July 28, 2020July 28, 2020

Gold traded in a $75 range Tuesday as a furious rally bumps up against profit

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1 Comment on Gold Gets Jittery After Historic Run As Goldman Says World Searching For ‘New Reserve Currency’

Objects In Motion

July 27, 2020

An object in motion tends to stay in motion, which is why the dollar continued

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5 Comments on Objects In Motion

How About $200 And A Get Well Soon Card?

July 27, 2020July 28, 2020

“Time is running out”, Nancy Pelosi said Monday, in a statement as more specifics of

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6 Comments on How About $200 And A Get Well Soon Card?

Exceptionalism Lost

July 27, 2020July 27, 2020

The US is poised to fall behind as the world looks to recover from the

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10 Comments on Exceptionalism Lost

Meanwhile, In Texas, Executives Grapple With Fallout From Virus Spike

July 27, 2020July 27, 2020

Late last month, when the Dallas Fed beat expectations for June, market participants immediately noted

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Golden Opportunities

July 27, 2020July 27, 2020

You might be inclined to call Monday’s headlines “inauspicious” given they were dominated early by

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If A Tree Falls In The Forest

July 26, 2020July 27, 2020

There’s no shortage of drama, but the lazy summer lull means the market’s reaction to

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2 Comments on If A Tree Falls In The Forest

Ray Dalio And Maria Bartiromo Worry About ‘The Soundness Of Our Money’

July 26, 2020July 26, 2020

“If you say by law ‘Don’t invest in China,’ or even possibly withholding the payment

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3 Comments on Ray Dalio And Maria Bartiromo Worry About ‘The Soundness Of Our Money’

Steve Mnuchin, Savior Of The Everyman (And Larry Kudlow’s ‘Boom’ Times)

July 26, 2020July 26, 2020

For the second time in six months, Steve Mnuchin is emerging as lower- and middle-income

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3 Comments on Steve Mnuchin, Savior Of The Everyman (And Larry Kudlow’s ‘Boom’ Times)

Fate Of FAAMG Rally Hangs In Balance As America Set To Witness Worst-Ever GDP Report

July 26, 2020July 26, 2020

In just a few days, America will be served the worst quarterly GDP print in

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1 Comment on Fate Of FAAMG Rally Hangs In Balance As America Set To Witness Worst-Ever GDP Report

Fed Confronts Recovery At Crossroads, While Critics Zero In On Epic Main Street-Wall Street Disconnect

July 26, 2020July 26, 2020

In addition to the first look at second quarter GDP, which will betray the most

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4 Comments on Fed Confronts Recovery At Crossroads, While Critics Zero In On Epic Main Street-Wall Street Disconnect

‘Capitalism Was Lost Long Before COVID-19’

July 25, 2020July 26, 2020

Earlier this week, in the course of summarizing the main points from the latest missive

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11 Comments on ‘Capitalism Was Lost Long Before COVID-19’

Repression Perfection

July 25, 2020July 25, 2020

So far, 2020 has been defined by a pair of “big market themes” that keep

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What King Dollar’s Tailspin Means For US Stocks, According To Goldman

July 25, 2020July 25, 2020

The dollar is in a tailspin. That would be the story in the financial media

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2 Comments on What King Dollar’s Tailspin Means For US Stocks, According To Goldman

Tyranny, Liberty, B.S. And The Dollar

July 25, 2020July 25, 2020

Dollar weakness is becoming the consensus narrative, which probably means we’re about to witness some

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5 Comments on Tyranny, Liberty, B.S. And The Dollar

Low-Tech

July 24, 2020July 24, 2020

The Nasdaq 100 retreated for a second consecutive week and logged back-to-back daily losses for

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4 Comments on Low-Tech

Arresting Developments

July 24, 2020July 25, 2020

“She’ll make her initial appearance in court later today”, US officials told reporters Friday, after

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1 Comment on Arresting Developments

Gold In ‘Mania’ Mode Amid ‘Great Debasement’

July 24, 2020

“Investors [are] united in the belief of eternal repression of interest rates and, more recently,

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21 Comments on Gold In ‘Mania’ Mode Amid ‘Great Debasement’

Stark Warning: US Services Sector Reports ‘Falling Sales Due To Re-Imposed Lockdowns’

July 24, 2020July 24, 2020

In yet another disconcerting sign for the fledgling rebound in the US economy, flash PMI

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Monthly Letters

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