“Circumstances Have Now Changed”: NY Judge Partially Lifts Trump Gag Order, Sets Timeline For Expiration
“Circumstances Have Now Changed”: NY Judge Partially Lifts Trump Gag Order, Sets Timeline For Expiration Authored by Catherine Yang via The Epoch Times (emphasis ours), New York Supreme Court Justice Juan Merchan terminated parts of former President Donald Trump’s gag order on June 25, adding that the rest will expire once sentencing is complete. Former […]
Citigroup and BofA Bullish on Gold: Analysts Predict 25% Surge to $3,000
Citigroup and Bank of America have issued bullish forecasts for gold prices, predicting they could reach $3,000 per ounce within the next year. This optimistic outlook is driven by expectations of increased investor inflows and anticipation of the Federal Reserve cutting interest rates. Citigroup analysts, led by Aakash Doshi, have revised their 2024 average price […]
MAG7 Melts-Up Amid Macro Malaise; Bonds Slop, Bitcoin Pops, Black Gold Drops
MAG7 Melts-Up Amid Macro Malaise; Bonds Slop, Bitcoin Pops, Black Gold Drops A mixed day on the macro side, but that never stopped the melt-up in mega-cap tech… Philly Fed Services jumped into expansion (to two year highs?), Chicago Fed National Activity Index surged, Case-Shiller home prices hit a new record high but appreciation slowed, […]
JPMorgan Bullish on Gold and Silver, Palladium Rallies
JPMorgan has expressed a long-term bullish outlook on gold and silver, citing structural factors that support their value. Meanwhile, palladium prices have continued to rise, driven by strong demand and supply constraints. This positive sentiment towards precious metals comes amid broader market uncertainties and economic conditions that favor safe-haven assets.
Home Price Growth Decelerates as High Rates Dampen Buyer Enthusiasm
U.S. home prices continued to rise in April but at a slower pace, reflecting the impact of high mortgage rates on buyer demand. The S&P CoreLogic Case-Shiller 20-city house price index increased 0.4% from March and 7.2% year-over-year, down from the previous month’s 7.5% annual gain. While prices reached new record highs, the deceleration in […]
Trudeau In Trouble After Conservative Upset In Toronto “Must-Win” Special Election
Trudeau In Trouble After Conservative Upset In Toronto “Must-Win” Special Election Two years ago, Canadian Prime Minister Justin Trudeau declared war on conservatives – invoking the Emergencies Act to punish protesting truckers in a move that was ruled flatly unconstitutional in January. Now, his political future is on the line after the ruling liberal party […]
Fed's Bowman Urges Caution: Inflation Risks Persist, Rate Cuts Premature
Federal Reserve Governor Michelle Bowman cautioned against premature interest rate cuts, citing potential upside risks to inflation. She emphasized the need to maintain current rates due to economic uncertainties, particularly highlighting concerns about immigration policies’ impact on the labor market and rental prices. Bowman stressed that current conditions do not warrant a reduction in policy […]
Soaring Costs Put New U.S. LNG Export Projects At Risk of Delays
Soaring Costs Put New U.S. LNG Export Projects At Risk of Delays By Tsvetana Paraskova of OilPrice.com Surging labor and construction costs are plaguing some major U.S. LNG export projects, threatening to delay new LNG supply to international markets. Wage growth since 2021, a shortage of skilled workers, and rising costs of materials with […]
Biggest Short Squeeze In Brent Since 2016 Sparks Flood Of Bullish Oil Commentary
Biggest Short Squeeze In Brent Since 2016 Sparks Flood Of Bullish Oil Commentary Two weeks ago we observed that with oil prices tumbling, a full-blown capitulation was taking place in the market as the weekly bullish bets on Brent had just plunged the most on record… … which we said a was “a clear sign […]
Politics Mean Strategists Are In Wait-And-See Mode
Politics Mean Strategists Are In Wait-And-See Mode By Michael Msika, Bloomberg Markets Live reporter and strategist European stocks don’t have any upside left in the tank, according to strategists, who are adopting a wait-and-see stance ahead of elections in France that could bring big changes for economic policy. The Stoxx Europe 600 will end the year at 517 […]