The spread between the New York futures and London spot gold price was initially caused by logistics and manufacturing constraints, and likely persists because of credit restrictions.
International Man: Decades of money printing have created enormous distortions in the market. It seems that the coronavirus popped the Everything Bubble. Where do you see the stock market going?
The S&P 500's up over 30 percent from the March 22 closing low. What's more, it's only about 18 percent from its February 16 all-time closing high. Could it be that the market storm's behind us and only sunny clear skies are ahead?
After a report in the Wall Street Journal appeared to show that Amazon used data gleaned from third-party transactions and used it to for the company's own competitive advantage on its platform, the House Judiciary Committee on Friday announced that
Something unusual is happening in the gold market.
The energy industry is truly reeling.
On Tuesday, with stocks already solidly in positive gamma territory - meaning any incremental gains would force dealers to buy even more stocks as part of the infamous gamma feedback loop - we reported that according to Nomura calculations a close in
Are Tesla retail investors simply unfazed by the coronavirus panic?
Jeff Gundlach and Kyle Bass are not the only ones who think the market's April rally has gone to extremes. A new poll via UBS Global Wealth Management shows increasing concern among the world's wealthiest investors that a pullback in the stock market
Seconds before the US GDP print, a well-timed report (and aggressively disseminated by mainstream media) on marginal success in a COVID therapy (mortality rates improved from 11.6% to 8.0%), which was then promoted by Fauci (who played down another s
Everything, including a rational, connected-to-reality, effective financial system, is on back-order and unlikely to ship any time soon.
The gold market remains chaotic with physical (geographical) shortages, increasing physical demand, paper squeezes, retail interest soaring, and now congressmen raising concerns with regulators.
Crude utterly collapsed. 300% in a single trading day. Sellers paid $37.63 to buyers.
Dow Jones futures were under pressure Sunday night ahead of what's expected to be an ugly earnings week for America's largest companies.
Late last week, we showed a chart from Credit Suisse which we described simply as "insanity" because it demonstrated that as the US careened into a depression, with GDP crashing...
Over the past month, in its quest to bailout the richest Americans and the country's financial system, the Fed has unleashed an unprecedented array of actions meant to backstop capital markets, going so far as buying investment grade, high yield bond
Top Market Strategist Says "In 20 Years I Have Never Seen Anything Like This"
"Don't fight the Fed." – Every amateur investor who has never seen a bear market.
From an initial $75 billion per day when the Fed announced the launch of Unlimited QE, the us central bank reduced its daily buying to $60 billion per day, then two weeks ago announced another 'taper' in its bond-buying program to $50 billion per da
When Morgan Stanley's Adam Jonas is the one coming out and pouring cold water a Tesla rally, you know things must really be getting out of hand.
State Street Now Selling ETFs That Will Be Bought By The Fed
Makes Revolutionary Transformation To His Investing Approach
While daytraders look transfixed at a stock market which continues to surge higher even as the US has lost around 22 million jobs in the past month alone, something far more nefarious is taking place behind the scenes:
The stock market has rallied significantly in recent weeks, spurred by the Fed's massive recent liquidity injections.
In broad strokes, President Donald Trump, Congress and the Fed are doing the right things to help the entire economy recover.
Several hedge funds have attempted to tap into the $349 billion Paycheck Protection Program included in the historic $2 trillion US stimulus package designed to keep small businesses afloat during the coronoavirus pandemic, according to Bloomberg.
In case stocks needed another reason to soar higher with 20% unemployment, 30% mortgage defaults, GDP about to print at -40%, cratering corporate profits, JPMorgan profit crashing 69% with Jamie Dimon warning of a "severe recession", Boeing delivered
On this special Easter Show, Tim Picciott and John Sneisen are covering for Luke and are joined by Kirk Chisholm.
Today, Luke and recurring guest John Sneisen (The Economic Truth) dive into why the stock market is rising despite other economic factors all doing worse.
Now that the Fed has effectively nationalized the bond market (don't worry, stocks are next, it's just a matter of time) which all the way down through junk bond issues and CLO tranches will no longer reflect the underlying fundamentals but merely wh