Last week the Fed followed market rates and hiked by 75 bps and indicated more to come to ‘fight inflation’ and stocks fell. Then the CPI data dump on Friday cancelled that idea with a soft headline figure and bond yields and the dollar fell
Tag: gold
I have waited and waited and waited for the PMs to begin major turn-arounds from their deep bear trends off their March highs. And so far, to no avail. It has been an exercise in total frustration especially for Gold. Since July, odds have been
As I have been maintaining all along, the Net Zero fantasy is the pin the stock market bubble has been looking for. Shares fell very hard yesterday and with huge rises in energy bills looming, economies are on the brink of severe implosions. The Law
When will they ever learn? The MSM financial journalists, I mean. The BoE hiked their interest rate by the expected 0.5% on Thursday. Conventional pundits who believe it is the news that drives the markets were totally flabbergasted by the market’s negative reaction to that
Stocks, commodities, precious metals and even Treasuries enjoyed super rallies last week. Stocks were buoyed by generally good Q2 ‘surprise’ earnings results of the likes of Amazon and Apple among others. So the gloom and doom atmosphere of last month was misplaced, as usual. And
The chickens are truly coming home to roost. After many weeks of consecutive losses, the S&P 500 has lost just over 20% off its ATH since its 4 January ATH.
Thursday’s heavily-anticipated US Consumer price report came in on the high side – and stocks plunged. Note that the Fed has been trying to convince everyone for months that the price rises we are all seeing was ‘transitory’. Lesson: Don’t trust the Fed.
