Market Overview

The University of Michigan consumer sentiment data for January was revised lower this morning, from 73.2 to 71.1. Well below the historical average of 84.7 (orange line), now for the 43rd straight...

This week, we have the Federal Reserve meeting on Wednesday, followed by the European Central Bank (ECB) meeting on Thursday. Meanwhile, the Bank of Japan (BOJ) made waves last Friday by raising its...

We regularly assess the subjective probabilities that we assign to our three scenarios: the Roaring 2020s (55%), the Meltup 1990s (25%), and the Stagflationary 1970s (20%). The last scenario, with...

Gold Continues Moving Upwards The gold (XAU/USD) price rose by 0.64% on Friday as the US dollar (USD) weakened after US President Donald Trump called for lower interest rates, while the uncertainty...

The pause in financial conditions tightening helped stocks rally. Semiconductors’ market cap weighting reached an all-time high. Mag7 corporate bond yields are almost on par with...

It’s been a volatile start to the year, with an abundance of expectations placed on what the new administration would do in its first weeks, days, and even hours of power. We’re off! This year, our...

I recently debated with Michael Pento, who made an interesting statement that increases in the money supply, the deficit, and a return to quantitative easing (QE) will lead to 1970s-style inflation....

Markets had a bit of a roller coaster ride this week thanks to the incoming Trump administration in the US. Markets got some of what they expected while they also received a fair amount of shocks to...

Three central bank decisions awaited as tariff reality sets in. Fed set to go on pause, ECB and BoC to likely cut again. But US GDP and PCE inflation could steal the limelight. Australian CPI and...

The GBP/USD (Cable) has been rebounding from recent lows over the past several days and is now testing the descending channel’s trendline resistance at 1.2440—a critical pivot level for the pair. A...

MON: Chinese Industrial Profit (Dec), German Ifo (Jan), US New Home Sales (Dec) TUE: ECB BLS (Q1); US Durable Goods (Dec), Richmond Fed (Jan), Tech Earnings WED: FOMC, Riksbank, BoC & BCB...

In President Trump’s first week in office, he issued a blitz of executive orders, but perhaps his most ambitious statement to date is his claim yesterday that he would order the Federal Reserve to...

Aussie and Kiwi gain as Trump softens his stance on China. Yen rallies after BoJ raises rates and revises inflation forecasts. S&P 500 hits a new record, and gold keeps marching north. The US...

Gold Is on the Way to an All-Time High The market's focus on the broader implications of President Donald Trump's trade policies kept gold (XAU/USD) prices hovering near a three-month high...