MARKET NEWS
Jan 07, 2025
Services Industries Continue to Carry the US Economy
The Services PMI for December came in at 54.1, easily beating street expectations of 53.5. The results were two points higher over Novembers data and the sixth straight month of expansion. Although...
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Jan 07, 2025
Fed’s Cook Discusses 'Elevated' Valuations and Moving 'Cautiously' on Rates
Federal Reserve board member Lisa Cook discussed the year ahead at a conference this week. Cook discussed monetary policy and stock market valuations, among other topics. She also opined on...
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Jan 07, 2025
Gold: Is the Yellow Metal Ready for Another Wave?
We did it, folks; we shorted the US Dollar Index right at its top – congratulations. As the situation in the USD Index is playing out as I described it previously, I’m quoting the relevant parts of...
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Jan 07, 2025
Gold Stocks: Could They Surge to All-Time Highs?
Most bank analysts are projecting a modest upside for gold this year. Some are a bit more bullish (but not much) because of no meaningful cut in the US government’s gargantuan debt. "Trump's election...
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Jan 07, 2025
The Energy Report: Hemispheric Blowback
Remember President George W. Bush’s “Hemispheric Energy” Dream? The Dream is not dead! Not only is President Trump going to make American Energy great again, but apparently the resignation of...
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Jan 07, 2025
US Q4 GDP Growth Still on Track to Slow After Strong Q3 Rise
US economic activity looks set to post softer growth in the government’s upcoming fourth-quarter GDP report. Based on the median nowcast from several sources, output appears set to downshift to the...
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Jan 07, 2025
US Dollar Falls on Reports About Trump Softening Tariff Plans
Washington Post says Trump could scale back tariff plans. Dollar drops; stays pressured even after Trump’s denial. Nasdaq and S&P 500 gain, driven by tech stocks. Dollar Pulls Back on Tariff...
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Jan 06, 2025
Timing the Tipping Point for Stocks With the Fed Rate Cut Cycle
After a long pause since the final rate hike this cycle in July 2023, the Federal Reserve initiated its easing cycle with a first-rate cut in September 2024. The only other time in recent history...
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Jan 06, 2025
High Interest Rates are Healthy, Low Rates are Poison
The status quo has it backwards: low rates are now essential to prop up the wreckage left from previous doses of default and cascading losses.The economy depends on two related drivers: low interest...
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Jan 06, 2025
Nvidia: CES, JP Morgan Healthcare Conference Participation, Feb Earnings in Focus
Shares of NVIDIA soared 171% in 2024, but quieted in the back half of the year The company will present at two of the biggest conferences of the year this week and next With its Q4 earnings...
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