Yields Surge After Ugly 2Y Auction As Foreign Demand Tumbles
Yields Surge After Ugly 2Y Auction As Foreign Demand Tumbles Today’s first of two coupon auctions – the sale of $69 billion in 2Y paper (a 5Y auction follows at 1pm) – priced at 11:31am and it was ugly. Stopping at a high yield of 4.917%, today’s auction not only carried the highest yield since […]
Memorial Day Jet Fuel Demand Outshines Gasoline
Memorial Day Jet Fuel Demand Outshines Gasoline By Josh Owens from OilPrice.com Summer markets for refined oil products are anticipating big numbers, with the AAA teasing the potential for a 4.8% surge in Memorial Day weekend air travelers and rising demand for jet fuel as opposed to gasoline for the busiest driving period of the […]
Experts Predict Continued Upside for Silver and Gold Despite Recent Dip
Despite a recent dip due to cooling demand from China and hawkish Federal Reserve commentary, Wall Street experts remain optimistic about the long-term prospects of silver and gold. Jonathan Krinsky from BTIG believes the “Great Reflation trade” still has potential, highlighting silver’s strong performance relative to gold as a sign of a robust precious metals […]
EU Ministers Mull Sanctions On Israel As Ireland, Spain, Norway Recognize Palestinian State
EU Ministers Mull Sanctions On Israel As Ireland, Spain, Norway Recognize Palestinian State Israel’s military says it is investigating what Prime Minister Benjamin Netanyahu called a “tragic mishap” – the Sunday bombing of a refugee camp in Rafah which reportedly killed 45 Palestinians, including women and children, and injured dozens. This rare expression of ‘regret’ amid […]
Gold Prices Climb Near $2,350 Amid Holiday-Thinned Trading
Gold prices rose nearly 1% to $2,354 on Monday after bouncing off a two-week low of $2,325, amid thin trading due to holidays in the UK and US. Strong US economic data and Federal Reserve signals of a longer timeline to achieve a 2% inflation target have dampened hopes for monetary easing, putting pressure on […]
Trump, Biden Escalate Attacks On RFK Jr., Who Plans To ‘Spoil The Election’ For Both
Trump, Biden Escalate Attacks On RFK Jr., Who Plans To ‘Spoil The Election’ For Both Authored by Jeff Louderback via The Epoch Times (emphasis ours), Conspiracy theorist. Anti-vaxxer. Dangerous. Spoiler. (Illustration by The Epoch Times, Shutterstock, Getty Images) Since Robert F. Kennedy Jr. entered the 2024 presidential race in April 2023, critics have described him […]
Major Retailers Offer Discounts to Attract Price-Conscious Shoppers
Major retailers like Target and Walmart are offering summer discounts to attract inflation-weary shoppers. These price cuts, primarily on groceries, aim to provide relief as inflation begins to ease slightly. Despite continued consumer spending, reports from Walmart, Macy’s, and Ralph Lauren indicate a shift towards more price-conscious shopping habits, with customers favoring store brands and […]
“Never Intended To Offend” – Pope Apologizes After Homophobic Slur Leak
“Never Intended To Offend” – Pope Apologizes After Homophobic Slur Leak Pope Francis has issued an apology this morning after reports surfaced that he used a homophobic slur during a private meeting. He reportedly used the Italian term “frociaggine,” which translates to “faggotry” or “faggotness” in English. Citing sources from inside the meeting, the Corriere […]
BloxCross CEO Keith Bliss Favors Copper in Commodities Showdown
In a Yahoo Finance interview, Keith Bliss, founder and CEO of BloxCross, discussed the performance of gold, silver, and copper as they hit record highs. Bliss argued that copper, known as “doctor copper” for its economic indicators, is the best investment choice. He explained his preference to hosts Jared Blikre and Sydnee Fried, emphasizing copper’s […]
Hedge Funds Split Over Stocks’ Move From Here
Hedge Funds Split Over Stocks’ Move From Here Authored by Simon White, Bloomberg macro strategist, CTAs are getting shorter the stock market while long/short equity funds have been getting longer. The last time this happened, in November, long/short funds were positioned correctly, with the market rallying over the next five months. CTAs, or managed futures […]