After Monday’s historic selloff that capped a three-week, $6.4 trillion rout in global equities as a brutal unwind in the carry trade driven by last week’s BOJ rate hike hammered most consensus trades, a dead cat bounce arrived as some investors looked for bargains and markets saw a hint of calm return on Tuesday…
What’s the Sahm Rule? Alarming Jobs Report Raises Recession Risk…
A key indicator has predicted every recession since 1970, and the alarm just sounded…
$1 Trillion Wipeout: Market Rout Punishes Megacap Tech…
As U.S. markets opened for trading on Monday, tech’s megacap companies lost about $1 trillion in market cap, deepening a downturn that sent the Nasdaq into correction territory last week….
Larry Kudlow: Recession Risk Grows Larger and Stocks Are Getting Clobbered…
It’s a shakier economy than the media admits, Kudlow says…
And Suddenly Things Change…
“The global economy is becoming unburdened by what has been.” — Jordan Schachtel on “X”…
After Being Criminally Charged for Rigging Precious Metals, JPMorgan Chase Controls 53 Percent of All Precious Metals Contracts Held by Banks…
It is hard to understate the regulatory failure of allowing JPMorgan Chase to continue to have this outsized presence in the precious metals derivatives market…
JPMorgan Makes $1B from Gold Trading After Paying $1B Fine for Manipulating Gold Trading…
The math simplified: JPM has spent $1 billion over the lifetime of its precious metals rigging, ensuring it has full indemnity from future manipulation claims, allowing allow it to make $1 billion in revenue in just one year…
Gold: $1500…
Gold prices on Wednesday jumped above an important psychological level at $1,500 amid a round of easy-money policies that helped to stoke fresh appetite for the perceived safety of precious metals. The 10-year U.S. Treasury note’s TMUBMUSD10Y, -4.93% fall to new lows not seen since 2016 below 1.7%, also helped to drive demand for bullion. […]
The Mnuchin Massacre: Precious Metals Surge Amid Dollar’s Worst Start in 30 Years…
The Dollar was smashed with the ugly-stick today as Mnuchin’s comments sparked chaos in FX markets… and as precious metals surged and bond yields jumped… and stocks actually sank (briefly)… we were reminded by the mainstream media that a falling dollar is great for ‘Murica so buy the dip in stocks with all your money […]
Global Stocks Hit New All Time High as Dollar Rebounds; Europe Volatile on Earnings Deluge…
The levitation continues with S&P futures pointing to – what else – another higher open while European stocks swung between gains and losses on the busiest earnings days of the year (85 of the Stoxx 600 report) which has seen European pharma giant AstraZeneca plunge 15%, the most on record, after its flagship lung cancer […]