MARKET NEWS
Nov 14, 2024
Gold Price Faces Further Declines; Euro Drops to 1-Year Low Against the US Dollar
Gold Continues its Downward Correction Gold (XAU/USD) continued its downward correction, falling by nearly 1% yesterday. XAU/USD broke below multiple support levels, and now the support level at...
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Nov 14, 2024
Inflation in Check? US Dollar Soars While Markets React to Mixed CPI Data
US inflation came in parallel to expectations, confirming that headline inflation in the US stagnated near 0.3% level for a third month, the yearly figure rebounded from 2.4% to 2.6% as expected,...
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Nov 14, 2024
Are Tariffs Always Inflationary?
As reported yesterday, October inflation rose 0.2% from a month ago, the same monthly pace as July, August, and September as inflation is finding its balance.  Despite the fairly steady monthly pace...
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Nov 14, 2024
How Inflation Will Likely Play Out Under Trump's 2nd Term
On Wednesday, the Bureau of Labor Statistics released the latest Consumer Price Index (CPI) report for October. Following the trend of the last three months, the inflation rate increased 0.2% on a...
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Nov 14, 2024
Long-End Rates Break Higher – Will Today’s PPI Report Fuel Further Upside?  
CPI came in as expected yesterday, but that didn’t stop long-end rates from rising, with the 30-year up six bps and the 10-year up two bps. The dollar index also continued to melt up after the data,...
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Nov 14, 2024
USD/JPY, Gold Face Potential Downside as US Bond Yields Surpass Election Peak
US Treasury yields spike, driving USD/JPY higher and precious metals lower Bond market volatility intensifies as traders demand more compensation Long-dated yields surge while short-dated yields...
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Nov 13, 2024
Can the ‘Obvious Loser’ Actually Win? The Case for China Stocks
Why this "obvious loser" of the election may actually be a big winner... Trumphoria is gripping markets — everyone expects a repeat of the 2016 bull run when Trump first got elected. All the obvious...
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Nov 13, 2024
Could This Really Indicate a Top for Stocks, Copper, and Gold?
We saw a small move up in the precious metals sector (and then back down), which is completely in tune with what I wrote yesterday, and as such, it doesn’t change the outlook. Indicators of a...
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Nov 13, 2024
Australia Hiring Gains Slow Even as Unemployment Is Steady
(Bloomberg) -- Australia’s run of hiring gains slowed in October, while the unemployment rate held steady, underscoring the resilience of the labor market to elevated interest rates. Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and EmissionsArizona Elections Signal Robust Immigrat
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Nov 13, 2024
Greenlight's Einhorn expects inflation to pick up under Trump
Greenlight Capital President David Einhorn said on Wednesday he has added some inflationary protection to his hedge fund portfolio as he believes that inflation will go up under the government of President-elect Donald Trump. Speaking at the CNBC Delivering Alpha conference, Einhorn said inflation is likely to be between 3.5% and 4.5% next year. In the 12 months through September, the consumer price index rose 2.6%, the Labor Department's Bureau of Labor Statistics said on Wednesday.
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