“Resistance is futile” was a sentence that struck fear in the hearts of Trekkie fans during “Star Trek: The Next Generation,” specifically in both of the “Best Of Worlds” and “First Contact”...
A quiet start to the week, as key markets are closed All eyes on S&P 500 after nine consecutive positive sessions Aussie benefits from Labour’s win, climbs against the US dollar Gold stabilizes,...
Last week, we discussed that the market backdrop improved markedly following commentary from the White House that eased concerns about tariffs. To wit: “The market rallied above the 20-DMA this past...
Interest rates are linked to inflation, but they're also linked to risk. As a result of recency bias, where we assume the recent past is a permanent state of affairs, many believe near-zero interest...
April employment came in better than expected, but not as solid as it appears. 177K jobs were gained for the month (vs. +138K estimate) The 12-month average is now 152K. However, February job gains...
Despite market closures in Hong Kong, Japan, and China for public holidays today (5 May), global markets saw notable moves during the Asian session. Following the S&P 500’s nine-day winning...
Gold Awaits US Rate Decision this Week The gold (XAU/USD) price closed around $3,240 on Friday. Traders now await the Federal Reserve (Fed) interest rate decision this week to understand gold's...
US-China trade optimism improved market sentiment, though US funds still saw outflows. Gold and precious metals experienced net sales after 12 weeks of inflows. The Federal Reserve is expected to...
I think the Philadelphia Fed’s survey of housing starts forecasts is an interesting window into the mindset of the 2000s. In Figure 1, think vertically. In any given quarter, the black line is the...
Last week was full of important data and earnings. While this week isn’t as busy, there are a few important things to watch for. For economic data: Monday: April ISM Services PMI (50.2 est.) The...