News Room

[Yahoo/Bloomberg] Futures Slip as Stocks Rise in Europe; Oil Falls: Markets Wrap [Yahoo/Bloomberg] Hong Kong Stocks Hit 10-Month Low on Evergrande Contagion Fears [Reuters] Asian shares fall again, dollar drifts [Reuters] German yields touch two-month [...]

[Yahoo/Bloomberg] US Steady, Europe Stocks Slip with Treasuries: Markets Wrap [Yahoo/Bloomberg] China Stocks Battered by Economic Data, Evergrande Non-Payment [Reuters] Asian stocks stumble as weak China data fan global growth worries [Yahoo/Bloomberg] China’s Economy Weakens [...]

[Yahoo/Bloomberg] Stocks Rise After CPI Eases Inflation Concern: Markets Wrap [Reuters] Oil hits 6-week high as Storm Nicholas hits U.S. Gulf [Yahoo/Bloomberg] U.S. Consumer Price Growth Cools, Smallest Gain in Seven Months [Yahoo/Bloomberg] Evergrande [...]

[Yahoo/Bloomberg] Energy Leads Stock Gains; Aluminum at 13-Year High: Markets Wrap [Yahoo/Bloomberg] China Tech Shares Slide on Latest Volley of Internet Curbs [Yahoo/Bloomberg] Oil Climbs as U.S. Supplies Slow to Return After Ida’s Battering [Yahoo/Bloomberg] [...]

Weekly Hard Assets Insights By David McAlvany All of the major market indexes closed lower this last holiday-shortened week, with the selling accelerating into the close on Friday. The S&P 500 ended lower each [...]

[Reuters] Trading tantrum? Fed officials' personal dealings stir controversy, call for change [CNBC] Markets brace for hot consumer inflation report in the week ahead [Yahoo/Bloomberg] Bond Market Set for Fresh Take on Its Burning Inflation [...]

[CNBC] 60-year veteran of Wall Street Art Cashin reflects on 9/11 and what it took to rebuild [AP] US marks 20 years since 9/11, in shadow of Afghan war’s end [AP] White House, Democrats tangle [...]

The Wall Street Journal ran with the headline “What if China’s Property Crackdown Goes Overboard Too?” for its Tuesday’s “Heard of the Street” article. A Bloomberg piece went with “China Property Crackdown Alarms Analysts as [...]

[Yahoo/Bloomberg] U.S. Stocks Rise as Tapering Worries Ease: Markets Wrap [Yahoo/Bloomberg] Oil Rises With Investors Assessing China’s Rare Reserves Release [Yahoo/Bloomberg] U.S. Producer Prices Increased in August by More Than Forecast [Reuters] Facing stalemate in [...]

[Yahoo/Bloomberg] Stocks Rise With Tapering in Focus After Jobs, ECB: Markets Wrap [Reuters] Asian shares fall on growth and tapering fears, dollar holds firm [Yahoo/Bloomberg] Gold Edges Higher as Dollar Weakens With Slower ECB Bond [...]

[Yahoo/Bloomberg] U.S. Stocks Waver Amid Growth, Valuation Risks: Markets Wrap [Yahoo/Bloomberg] European Stocks Fall on Growth Outlook as ECB Policy Risk Looms [Reuters] Worries over economic recovery shake world stocks, dollar gains [Yahoo/Bloomberg] Evergrande Dollar [...]

[Yahoo/Bloomberg] Stocks Muted After Asian Rally: Markets Wrap [Reuters] Firmer U.S. yields pushes dollar higher for second day [Reuters] U.S. Congress stuck between a rock and a hard place on raising debt limit [NBC] 'A [...]

[Yahoo/Bloomberg] Stocks Rise as Traders Weigh Fed Taper Outlook: Markets Wrap [Reuters] Oil extends losses after deep Saudi price cuts signal demand concerns [Reuters] Factbox: U.S. Gulf Coast energy companies struggle to restart production after [...]

[Yahoo/Bloomberg] ECB Dares to Ask If Crisis Stimulus Can Be Pared Back: Eco Week [Yahoo/Bloomberg] Bond-Market Day of Reckoning Denied as Weak Jobs Dim Taper Talk [AP] Two anchors of COVID safety net ending, affecting [...]

An Emerging Threat of Stagflation? Market prices were generally higher this week. Precious metals, energy, and most other commodities were strong, while the dollar dropped. Among the major indexes, the S&P 500 and the [...]

[Reuters] Wall St Week Ahead: Investors grow wary as stocks hit new highs [AP] Hurricane Ida turns spotlight on Louisiana power grid issues [AP] Florida grapples with COVID-19′s deadliest phase yet [Reuters] Chinese high-yield index [...]

China’s historic Bubble has been integral to CBB analysis for two decades. I’ve on a weekly basis chronicled how interconnected Chinese and the U.S. Bubbles worked in harmony to inflate one epic global Bubble. Loose [...]

[Yahoo/Bloomberg] Stocks Waver on Jobs Shocker as Tapering in Focus: Markets Wrap [Yahoo/Bloomberg] Gold Gains After U.S. Jobs Data Comes in Well Below Estimates [Reuters] Oil rises on demand outlook, Gulf outages [CNBC] Jobs report [...]

[Yahoo/Bloomberg] Stocks Tick Higher as Jobs Day Looms: Markets Wrap [Reuters] Asia stocks in cautious mood, dollar near 1-mth lows [Reuters] Oil falls after OPEC+ sticks to raising supply amid demand doubts [AP] US trade [...]

[Yahoo/Bloomberg] Stocks Gain With Treasury Yields: Markets Wrap [Reuters] Shares shrug off growth worries [Yahoo/Bloomberg] Oil Steady as Traders Count Down Final Hours to OPEC+ Meet [Reuters] U.S. private payrolls miss expectations in August -ADP [...]

[Yahoo/Bloomberg] Stocks Slip on European Taper Debate: Markets Wrap [Reuters] Gold prices edge back towards 1-month peak as dollar, yields slip [Yahoo/Bloomberg] The Dollar Is Falling Against Everything Ahead of Key Jobs Data [Yahoo/Bloomberg] Evergrande [...]

[Yahoo/Bloomberg] Stocks Steady After Powell’s Cautious Message: Markets Wrap [Yahoo/Bloomberg] Gasoline Rises With Oil Little Changed as Ida Douses Refineries [Reuters] Asian shares rise on dovish Fed chair, oil up as hurricane batters Louisiana [Reuters] [...]

[AP] Hurricane Ida winds hit 150 mph ahead of Louisiana strike [Yahoo/Bloomberg] As Ida Bears Down, New Orleans Faces Biggest Post-Katrina Test [CNBC] Oil firms slash U.S. Gulf of Mexico output by 91% ahead of [...]

Weekly Hard Assets Insights By David McAlvany King volatility ruled markets again this week. In many ways, this week’s market movements were almost the mirror-opposite of last week. The S&P 500 rallied to new [...]

[CNBC] Powell’s benign view on inflation is getting pushback at the Fed, and elsewhere [Reuters] Why Fed's Powell still thinks high inflation is 'temporary' [Yahoo/Bloomberg] Stock Market Risks Pile Up After Record-Setting Earnings Season [Reuters] [...]

August 27, 2021: Bloomberg Wall Street Week’s David Westin: “Larry, you saw, you read what Jay Powell said [in his Jackson Hole speech]. What was your reaction?” Larry Summers: “I was glad to see him [...]

[Yahoo/Bloomberg] U.S. Stocks Rise, Treasuries Steady Before Powell: Markets Wrap [Yahoo/Bloomberg] China Tech Rally Fizzles After Report on Tighter IPO Rules [Yahoo/Bloomberg] Oil Set for Weekly Gain With Storm Brewing, Fed Speech Awaited [Dow Jones] [...]

[Yahoo/Bloomberg] Stocks Drop as Tech Retreats; Crude Oil Declines: Markets Wrap [Reuters] Shares tap the brakes, bonds sense caution [Yahoo/Bloomberg] Chinese Tech Shares Slip, Snapping Three-Day Rally; Liquor Falls [Reuters] Oil rally ends amid COVID-19 [...]

[Yahoo/Bloomberg] Stocks Steady; China Tech Rebound Stalls: Markets Wrap [Yahoo/Bloomberg] China Tech Stock Rally Fades as Regulatory Concerns Linger [Yahoo/Bloomberg] Oil Extends Two-Day Rally as Demand Weathers Latest Virus Wave [AP] House passes $3.5T Biden [...]

[Yahoo/Bloomberg] Stock Rally Loses Steam as Virus Concerns Weigh: Markets Wrap [Reuters] Asian stocks cling to gains as Fed taper worries ease [Yahoo/Bloomberg] China Tech Stocks Rebound as Cathie Wood Joins Bargain Hunters [Reuters] Gold [...]

[Yahoo/Bloomberg] Stocks Climb; Dollar Dips With Treasuries: Markets Wrap [Yahoo/Bloomberg] China Tech Shares Stage Rebound After Five-Week Selloff [CNBC] Gold gains on dollar retreat, Delta risks [Reuters] Delta variant, having put kibosh on Fed event, [...]

[Yahoo/Bloomberg] Powell Confronts Fed’s Taper Ambitions at Symposium: Eco Week [Yahoo/Bloomberg] Powell’s Odds for Second Term Boosted by Yellen’s Backing [Reuters] Yellen backs reappointing Powell as Fed chair - Bloomberg [AP] 7 killed at Kabul [...]

[CNBC] Fed officials will seek to avoid a tantrum as they keep ‘taper talk’ going at Jackson Hole [NPR] Finding Workers Is Harder Than Ever. The Economic Impact Could Be Significant [Reuters] Griffin's Citadel plans [...]

Weekly Hard Assets Insights By David McAlvany Are We Moving from Risk Appetite to Risk Aversion? After both the Dow Jones Industrial Average and the S&P 500 registered new all-time highs on Monday, all [...]

Bubbles are self-reinforcing, yet inevitably unsustainable inflation. There are different types of Bubbles – Credit and speculative asset Bubbles being the most common. Inflationary processes are fed by some extraordinary [...]

[Yahoo/Bloomberg] Stocks Extend Drop as Traders See Off Gloomy Week: Markets Wrap [Reuters] Half a trillion dollars wiped from China markets in a week as clampdowns shatter confidence [Reuters] Global shares eye worse week since [...]

[Yahoo/Bloomberg] Stocks to Commodities Sink on Fed, Growth Worries: Markets Wrap [Yahoo/Bloomberg] China Tech Rout Deepens as New Regulations Mulled; Alibaba Dives [Reuters] Stocks tumble, dollar climbs as taper and virus fears spook markets [Yahoo/Bloomberg] [...]

[Yahoo/Bloomberg] U.S. Stocks Choppy Amid Caution Over Covid, Fed: Markets Wrap [Reuters] Stocks, oil and forex steady as markets await U.S. Fed minutes [Yahoo/Bloomberg] Oil Climbs After Four-Day Slump With U.S. Stockpiles in Focus [Reuters] [...]

[Yahoo/Bloomberg] Stocks Slide on Virus Angst; Dollar Gains: Markets Wrap [Reuters] Asia shares fall as investors eye rising COVID-19 cases, Afghan crisis [Yahoo/Bloomberg] China Tech Stocks Slump as Nation Issues Draft Competition Rules [Yahoo/Bloomberg] Oil [...]

[Yahoo/Bloomberg] Stocks Fall as China Data Sour Mood: Markets Wrap [Reuters] Oil prices drop amid faltering demand outlook in China [CNBC] There’s growing support within the Fed to announce the tapering of bond purchases in [...]

[Yahoo Finance] Small biz mood darkens amid 'roller coaster' of Delta variant, hiring 'struggle' [Yahoo/Bloomberg] Bond Market Like a Coiled Spring Before Long-Awaited Fed Confab [Yahoo/Bloomberg] Junk Bond Issuance to Slow Next Week After Sales [...]

[Reuters] U.S. consumer sentiment plummets in early August to decade low [Yahoo/Bloomberg] Wall Street Is the Most Bullish on Stocks in Almost Two Decades [Yahoo/Bloomberg] Summers Says ‘Bizarre’ for U.S. to Borrow So Much [...]

Weekly Hard Assets Insights By David McAlvany Shifting Sentiment: What’s Really Transitory? It was another active week for markets and market relevant news. The stock market continued to digest corporate earnings, new inflation and [...]

We shouldn’t read too much into one month of weak Chinese Credit data. July’s growth in Aggregate Financing (system Credit) slumped to $164 billion, almost 40% below estimates, and down from June’s booming $566 billion [...]

[Yahoo/Bloomberg] Stocks Steady as Europe Extends Win Streak: Markets Wrap [Yahoo/Bloomberg] Oil Steady as Covid Return Casts Shadow Over Demand Outlook [Reuters] Analysis: As Fed shifts gears, shaping consensus gets trickier for Powell [Reuters] U.S. [...]

[Yahoo/Bloomberg] Copper Gains on Strike Threat; U.S. Stocks Steady: Markets Wrap [Reuters] Asian shares fall as Delta fears eclipse Wall Street uptick [Yahoo/Bloomberg] Oil Steady While Traders Weigh Impact of Delta Variant on Demand [AP] [...]

[Yahoo/Bloomberg] Stocks Turn Higher With Bonds on Inflation Data: Markets Wrap [Reuters] Oil drops below $70 as U.S. urges OPEC+ to pump more [Reuters] Gold gains on Delta variant concerns ahead of U.S. inflation data [...]

[Yahoo/Bloomberg] Stocks Climb; Oil Rebounds: Markets Wrap [Reuters] U.S. Treasury yields extend rising run on Fed taper talk [Yahoo/Bloomberg] Oil Rebounds From Three-Week Low as Recovery Withstands Delta [Reuters] U.S. small business optimism drops as [...]

[Yahoo/Bloomberg] Stocks Slip; Commodities Drop on Stimulus, Virus: Markets Wrap [Reuters] Dollar hits four-month high on euro as markets bet on earlier Fed taper [Reuters] Oil slides 4% on China virus curbs and strong dollar [...]

[Yahoo/Bloomberg] Fed’s Sanguine Inflation View Tested in New Data: Eco Week Ahead [Reuters] U.S. Senate edges toward passage of $1 tln infrastructure bill [Reuters] ECB must tighten policy if needed to counter inflation, Weidmann says [...]

[AP] Senate edges toward vote on Biden’s $1T infrastructure bill [Reuters] Wall St Week Ahead Investors wary on Washington, balancing debt ceiling and infrastructure bill [Reuters] U.S. consumer credit grows at record rate in June [...]

Weekly Hard Assets Insights By David McAlvany A Step on the Path Towards Tightening The big news of the week came late when, on Friday, the US Labor Department released the July jobs report. [...]

The U.S. economy created 943,000 jobs in July. With upward revisions, there were 938,000 positions added in June and 614,000 in May – for a notable three-month employment surge of almost 2.5 million. The Unemployment [...]

[Yahoo/Bloomberg] Dollar Gains, Treasuries Fall After Jobs Report: Markets Wrap [Reuters] Asian shares fall as Delta variant casts shadow over growth [Yahoo/Bloomberg] Oil Pares Weekly Loss While Delta Spread Ravages Demand Outlook [Yahoo/Bloomberg] Evergrande Bond [...]

[Yahoo/Bloomberg] Stocks Drift Higher Before Jobs Data; Dollar Dips: Markets Wrap [Reuters] Investors in China wary as alcohol and e-cigarettes stocks become latest casualties [Reuters] Oil prices rise on Mideast tensions; crude stock build caps [...]

[Yahoo/Bloomberg] Stocks Dip on Mixed Earnings; Treasuries Gain: Markets Wrap [Reuters] Gold edges higher as investors strap in for U.S. jobs data [Yahoo/Bloomberg] Treasuries Feel Global Pull of Sub-Zero Yields on Virus Concerns [Reuters] U.S. [...]

[Yahoo/Bloomberg] Stocks Gain as Earnings Offset New China Worries: Markets Wrap [Reuters] Bonds take a breather, Tencent tumbles [Yahoo/Bloomberg] Oil Rises With Equities Even as Concerns Over Delta Persist [Reuters] Tencent tumbles after China media [...]

[Yahoo/Bloomberg] Stocks Rise Amid Earnings Optimism; Dollar Dips: Markets Wrap [Reuters] Dollar resumes downtrend after worst week since May [Yahoo/Bloomberg] Chinese Stocks Jump as Beijing Signals More Economic Support [Yahoo/Bloomberg] Crude Oil Retreats as Investors [...]

[Reuters] Wall St Week Ahead-RPT-Earnings bounce, bond-yield drop help keep party going for U.S. stocks [Reuters] U.S. senators to move forward with infrastructure bill on Sunday [Yahoo/Bloomberg] U.S. Debt Ceiling Suspension Ends, Congress Unclear on [...]

[Reuters] U.S. Senate works on the weekend on $1 trillion infrastructure bill [Yahoo/Bloomberg] Producers Caught Flat-Footed as U.S. Consumer Demand Runs Hot [Yahoo/Bloomberg] Brainard Says Jobs Market Has Ways to Go to Meet Fed Taper [...]

Weekly Hard Assets Insights By David McAlvany Earnings, FOMC, and the Weight of Expectations Asset markets delivered another volatile week to close out the month of July. While the volatility didn’t match the extremes [...]

The Shanghai Composite sank 4.3% this week – and was down as much at 6.7% at intraday Wednesday lows. The Hang Seng China Financials Index was 5.7% lower intraday Wednesday, before closing the week down [...]

[Yahoo/Bloomberg] Stocks Fall as Amazon Stokes Tech Worry: Markets Wrap [CNBC] Nasdaq falls 1% as stocks try to round out strong July [Yahoo/Bloomberg] China Stocks Slip as Traders Price a New Reality in Wild Week [...]

[Yahoo/Bloomberg] U.S. Stocks Rise on Fed, Earnings: Markets Wrap [Yahoo/Bloomberg] China Stocks Rally as Beijing Intensifies Effort to Calm Market [Reuters] Gold hits near two-week peak after Powell douses rate hike prospects [Reuters] Dollar's post-Fed [...]

[Yahoo/Bloomberg] U.S. Stocks Mixed Amid Earnings: Markets Wrap [Reuters] Asia shares sit at 2021 lows ahead of Fed verdict [Yahoo/Bloomberg] Oil Edges Higher Amid Signs of Drop in U.S. Fuel Stockpiles [Reuters] Gold holds steady [...]

[Yahoo/Bloomberg] U.S. Stocks Fall on China Selloff: Markets Wrap [Yahoo/Bloomberg] China Stock Rout Spreads Amid Fears of Foreign Investor Exodus [Yahoo/Bloomberg] China’s Yuan, Bonds Tank in Tandem Amid Fears on Foreign Selloff [Yahoo/Bloomberg] Oil Steadies [...]

[Yahoo/Bloomberg] Stocks Fall With Earnings in Focus: Markets Wrap [Yahoo/Bloomberg] China Stocks Tumble in ‘Panic Selling’ Amid Broad Crackdown [Reuters] China, Hong Kong shares tumble on regulatory clampdowns [CNBC] Hong Kong’s Hang Seng index closes [...]

[Yahoo/Bloomberg] OPEC+ Decision, Earnings Drive Mideast Market Gains: Inside EM [Yahoo/Bloomberg] White House Shifts Messaging on Inflation as Republicans Attack [Yahoo/Bloomberg] Fed’s MBS Buying High on Agenda as Officials Begin Taper Talk [Yahoo/Bloomberg] Bitcoin’s [...]

[Reuters] U.S. diplomat Sherman to stress need for 'guardrails and parameters' in China talks [CNBC] Covid cases are rising again in all 50 states across U.S. as delta variant tightens its grip [Reuters] Global supply [...]

The Volatile Tightrope Walk After the relative calm of early July, the last two weeks havebrought back fireworks of a different kind. So far, during the second half of the month, an increasingly bipolar [...]

July 20 – Reuters (Karen Pierog): “Risk-off sentiment that drove Monday’s sell-off on Wall Street and rally in U.S. Treasuries widened credit spreads on corporate bonds to multi-month highs. The spread on the ICE BofA [...]

[Yahoo/Bloomberg] Stocks Gain on Earnings Cheer; Bonds Dip: Markets Wrap [Yahoo/Bloomberg] Oil Closes Out Wild Week With Rally Intact as Bulls Fight Back [Reuters] Gold steady as lower bond yields negate pressure from firm dollar [...]

[Yahoo/Bloomberg] Stocks Erase Gains, Treasuries Rise on Jobs Data: Markets Wrap [Reuters] Stocks near record high after ECB talks of 'forceful' support [Reuters] Dollar, yen in retreat as risk sentiment revives, Musk lifts bitcoin [Yahoo/Bloomberg] [...]

[Yahoo/Bloomberg] Stocks Mixed With Earnings in Focus; Dollar Gains: Markets Wrap [Yahoo/Bloomberg] Treasury Rally Pauses for Breath as Short Positions Unwind [Yahoo/Bloomberg] Oil Rises With Strength in Equities Countering Higher Stockpiles [Reuters] U.S. mortgage applications [...]

[Yahoo/Bloomberg] U.S. Stocks Rise as Growth Angst Eases: Markets Wrap [CNBC] Treasury yields are flat, 10-year Treasury around 1.18% [Yahoo/Bloomberg] Gold Edges Higher as Virus Variant Threatens Global Recovery [Yahoo/Bloomberg] Brent Oil Steadies Near 8-Week [...]

[Yahoo/Bloomberg] Stock Selloff Deepens, Bonds Gain on Virus Spread: Markets Wrap [Reuters] Asian shares extend losses on renewed virus scare, inflation woes [Yahoo/Bloomberg] Evergrande Resumes Downward Spiral as Investors Prep for Crisis [Reuters] Oil falls [...]

[Reuters] OPEC+ agrees oil supply boost after UAE wins argument with Saudi [Yahoo/Bloomberg] Political Risk Back on Radar in Emerging-Market Currency Trades [AP] Europe flooding toll over 180 as rescuers dig deeper [WSJ] Red-Hot U.S. [...]

[CNBC] Funding for Biden’s infrastructure plan is still up in the air ahead of crucial tests [Yahoo/Bloomberg] OPEC+ Calls Meeting for Sunday After Progress Toward Deal [Reuters] Delta COVID variant now dominant strain worldwide, U.S. [...]

Weekly Hard Assets Insights By David McAlvany Risks and Opportunities: A volatile Cocktail Markets ended the week on a notably negative note. After a positive start to the day Friday, markets turned down shortly [...]

The week had an ominous feel. Ten-year Treasury yields dropped another seven bps to 1.29% – completely disregarding much stronger-than-expected reports on consumer and producer prices, along with inflation expectations. German bund yields fell another [...]

[Yahoo/Bloomberg] U.S. Stocks Advance With Earnings in Focus: Markets Wrap [Yahoo/Bloomberg] Oil Heads for Biggest Weekly Loss Since March on Virus Comeback [Reuters] U.S. retail sales unexpectedly rise in June [Reuters] Service sector business activity [...]

Tactical Short Strategy Conference Call - July 15, 2021 Disclaimer: Advisory services are offered by McAlvany Wealth Management, an investment adviser registered with the U.S. Securities and Exchange Commission. The comments [...]

[Yahoo/Bloomberg] U.S. Stocks, Yields Slip After Powell, China Data: Markets Wrap [CNBC] Treasury yields dip, continuing their three-month slide [Reuters] Fed boosts bonds, Delta blues stall stocks [Yahoo/Bloomberg] Oil Drops for Second Day After Surprise [...]

[Yahoo/Bloomberg] Stocks Gain as Earnings Roll In; Treasuries Rise: Markets Wrap [Reuters] Dollar hits three-month high vs euro, stocks slip on inflation fears [AP] Inflation at wholesale level increases 1.0% in June [Reuters] U.S. producer [...]

[Yahoo/Bloomberg] Stocks Fall, Dollar Gains as Inflation Quickens: Markets Wrap [Yahoo/Bloomberg] Oil Steady While IEA Warns That OPEC+ Spat May Tighten Market [Yahoo/Bloomberg] U.S. Consumer Prices Surged Again in June, Topping All Estimates [CNBC] Inflation [...]

[Yahoo/Bloomberg] U.S. Stocks Mixed Ahead of Earnings; Bonds Gain: Markets Wrap [Reuters] COVID Delta upsurge keeps stock and commodity bulls in check [Yahoo/Bloomberg] Oil Slips Following Two-Day Gain With Demand Outlook in Focus [Yahoo/Bloomberg] Wall [...]

[Yahoo/Bloomberg] Saudi Stocks Extend Slide On Reflation Trade Slowdown: Inside EM [Reuters] China condemns 'unreasonable suppression' as U.S. expands economic blacklist [Reuters] Don't rely on markets to see inflation threat, says Summers [Reuters] Virus variants [...]

Weekly Hard Assets Insights By David McAlvany High Stakes for OPEC+ Amid a roaring recovery in the price of crude oil over the last year, this week saw significant volatility return to the oil [...]

[Reuters] Biden signs order to tackle corporate abuses across U.S. economy [Reuters] G20 signs off on tax crackdown, warns on virus variants [Yahoo/Bloomberg] China Tightens Rules on Foreign IPOs in New Blow to Tech Firms [...]

Please join Doug Noland and David McAlvany Thursday, July 15th, at 4:00 pm Eastern/ 2:00 pm Mountain time for the Tactical Short Q2 recap conference call, “Updating the Bubble Thesis.” [...]

[Yahoo/Bloomberg] Stocks Gain as Growth Fears Fade; Bonds Retreat: Markets Wrap [Reuters] Asian stocks hit 2-mth lows as fast-spreading Delta variant shatters confidence [Reuters] Japanese shares eye worst week in nearly 1 year on economic [...]

[Yahoo/Bloomberg] Reflation Angst Spreads to Stocks as Yields Slide: Markets Wrap [CNBC] 10-year Treasury yield falls to 1.25% amid concerns about economic growth, Covid variant [Yahoo/Bloomberg] Bonds Lead Rethink on Reflation as Central Banks Signal [...]

[Yahoo/Bloomberg] Stocks Rise Ahead of Fed Minutes: Markets Wrap [CNBC] 10-year Treasury yield falls to 1.30%, the lowest since February [Yahoo/Bloomberg] China Tech Rout Deepens as Beijing Targets Data, U.S. Listings [Reuters] Stocks recover poise [...]

[Yahoo/Bloomberg] U.S. Stocks Decline; Oil Drops From Six-Year High: Markets Wrap [Reuters] Oil hits multi-year highs after OPEC+ talks collapse [Yahoo/Bloomberg] Gold Hits Two-Week High as Technicals Kick In Before Fed Minutes [Yahoo/Bloomberg] Didi Plunges [...]

[Yahoo/Bloomberg] U.S. Stock Futures Steady; OPEC+ Spat Boosts Oil: Markets Wrap [Reuters] World shares cling near record highs [Yahoo/Bloomberg] Beijing’s Blocking of Didi App Sends Peers Tumbling in Hong Kong [Reuters] Dollar pauses as rate [...]

[Reuters] After year of pandemic cancellations, Americans celebrate July Fourth with a bang [Yahoo/Bloomberg] High-Stakes Oil Diplomacy Puts Future of OPEC+ Deal at Risk [CNBC] ‘Inflation is the silent killer,’ as many retirees are feeling [...]

Weekly Hard Assets Insights By David McAlvany 4th of July – Freedom Perspective On 4th of July weekend in the United States, we all have the opportunity to take a moment to fully appreciate [...]

[Yahoo/Bloomberg] OPEC+ Fails to Reach Output Deal With Talks Kicked to Monday [Yahoo/Bloomberg] Little Fish Replaced by Sharks in Driving Speculative Stocks [Yahoo/Bloomberg] ECB’s Knot Warns Central Bank Could Be Underestimating Inflation [Reuters] Era [...]

Last week’s CBB focused on a fundamental flaw in contemporary central bank doctrine – using securities markets as the primary mechanism for managing system financial conditions. What began with Greenspan’s liquidity assurances following the “Black [...]

[Yahoo/Bloomberg] Stocks Rise, Dollar Falls After Jobs Data: Markets Wrap [Yahoo/Bloomberg] China Stocks Slump Most in Four Months After Party Centenary [Yahoo/Bloomberg] Oil Holds Near $75 as Brinkmanship at OPEC+ Threatens Deal [CNBC] U.S. added [...]

[Yahoo/Bloomberg] U.S. Stocks Rise on Cyclicals Strength; Oil Jumps: Markets Wrap [CNBC] U.S. crude oil prices top $75 a barrel, the highest since 2018 [Reuters] Dollar hits 3-month high, eyes on payrolls [CNBC] Weekly jobless [...]

[Yahoo/Bloomberg] US Stocks Steady as Europe Slips; Bonds Gain: Markets Wrap [Yahoo/Bloomberg] Oil Set for Best Half Since 2009 as Demand Recovery Accelerates [Reuters] U.S. private payrolls increase solidly in June- ADP [CNBC] ‘Great Resignation’ [...]

[Yahoo/Bloomberg] Stocks Mixed Amid Variant Fears; Dollar Climbs: Markets Wrap [Reuters] Stock markets on edge over Delta virus variant, Fed policy [Yahoo/Bloomberg] Oil Slides With Covid Concerns Resurfacing Ahead of OPEC+ Meet [Yahoo/Bloomberg] Stimulus ‘Pandexit’ [...]

[Yahoo/Bloomberg] US Stocks Steady as Europe Drops; Dollar Gains: Markets Wrap [Reuters] Global shares sink as COVID-19 cases spike [Yahoo/Bloomberg] Oil Steady With OPEC+ Hike Expected to Lag Behind Demand Revival [Reuters] Fed's Rosengren says [...]

[Yahoo/Bloomberg] Peak Central Bank Support Marks New Phase for Global Recovery [Yahoo/Bloomberg] U.S. Jobs to Be Scrutinized for Signs of Faster Hiring: Eco Week [Reuters] 'It's unbearable': U.S. Pacific Northwest swelters in heat wave [Bloomberg] [...]

[Reuters] Wall St Week Ahead As rally in U.S. stocks rolls on, signs of caution grow [AP] Break them up? 5 ways Congress is trying to rein in Big Tech [Reuters] Some options data reflect [...]

Weekly Hard Assets Insights By David McAlvany Infrastructure Bill and Oil Supply—Both in Doubt?  This past week provided headlines on the much discussed and anticipated infrastructure fiscal stimulus bill. On Thursday, President Biden announced [...]

“When I refer to financial stability, I mean a financial system that is resilient to shocks. That is, one in which banks and nonbank financial institutions not only remain solvent but also continue to lend [...]

[Yahoo/Bloomberg] Stocks Rise After Economic Data; Dollar Falls: Markets Wrap [Reuters] Dollar edges lower ahead of U.S. inflation data [Reuters] Gold gains on dollar dip, while focus turns to inflation [CNBC] Key inflation indicator posts [...]

[Yahoo/Bloomberg] Stock Climb, Buoyed by Economic Optimism: Markets Wrap [Reuters] Global Markets: Stocks grind higher as investors ponder U.S. inflation signals [Reuters] Dollar rally sputters as Fed sends mixed signals on inflation [AP] US economy [...]

[Yahoo/Bloomberg] U.S. Stocks Steady; Oil Gains: Markets Wrap [Reuters] Cyclical currencies lead after dust settles on Fed [Yahoo/Bloomberg] Oil Climbs Above $73 With Report Pointing to Falling Stockpiles [Reuters] Gold firms as Powell dials back [...]

[Yahoo/Bloomberg] Stocks Steady Before Fed Testimony: Markets Wrap [Yahoo/Bloomberg] Treasury Yields Rebound From Post-Fed Plunge to Multi-Month Lows [Reuters] Gold ticks up on subdued dollar ahead of Fed chief's testimony [CNBC] Bitcoin falls again, breaking [...]

[Yahoo/Bloomberg] Stocks Advance as Fed Jitters Ease; Asia Slumps: Markets Wrap [Reuters] Stocks clamber up from 4-week lows, dollar eases from 10-week high [CNBC] Japan’s Nikkei 225 plunges 4%, leading losses across major markets in [...]

[Yahoo/Bloomberg] Iran Result Dims Chances of Rapid Oil Return, Analyst Says [CNBC] Supply chain snafus could affect what’s available to you on Amazon Prime Day [Yahoo/Bloomberg] World Powers Meet on Nuclear Deal After Iran Hardliner [...]

[Reuters] Wall St Week Ahead: Fed shift causes rally in value stocks to wobble [Reuters] Exclusive: Fed’s Kashkari opposed to rate hikes at least through 2023 [Yahoo/Bloomberg] Commodities Bulls Nurse Their Wounds But Fight’s Not [...]

Weekly Hard Assets Insights By David McAlvany The Fed, A lit Match, and A Powder Keg Without question, this past week was a punishing one in the commodity sector. The Wednesday FOMC meeting proved [...]

It was a fascinating set up. A pivotal FOMC meeting two days ahead of quarterly “quadruple witch” expiration of options and other derivatives. Option expiration-related volatility used to be largely [...]

[Yahoo/Bloomberg] U.S. Stocks, Bonds Slide on Taper Fear: Markets Wrap [Yahoo/Bloomberg] Crude Oil Declines With Commodities Pressured by Fed’s Plan [CNBC] Fed’s Jim Bullard sees first interest rate hike coming as soon as 2022 [...]

[Yahoo/Bloomberg] U.S. Stocks, Commodities Drop; Dollar Rises: Markets Wrap [Reuters] Hawkish Fed fuels dollar, leaves stocks and bonds bruised [Reuters] Gold slides below $1,800/oz after Fed's hawkish tilt [AP] US jobless claims tick up to [...]

[Yahoo/Bloomberg] U.S. Stocks Waver, Bonds Steady on FOMC Day: Markets Wrap [Yahoo/Bloomberg] Gold Holds Near Four-Week Low as Investors Await Fed Meeting [Reuters] Fed expected to signal start of monetary policy shift debate [Reuters] U.S. [...]

[Yahoo/Bloomberg] Stocks Signal Calm Before Fed; Bonds Steady: Markets Wrap [Reuters] Shares in record-setting spree as Fed meeting looms [Reuters] Gold holds tight range as markets await Fed cues [CNBC] Producer prices climb 6.6% in [...]

[Yahoo/Bloomberg] U.S. Stocks Steady; Bonds Pause Rally as Fed Eyed: Markets Wrap [Reuters] World stocks near record high as investors await dovish Fed act [Reuters] Dollar firms in big week for FX markets; pound struggles [...]

[Reuters] Wall St Week Ahead Fed meeting looms for stocks as inflation worries collide with 'Goldilocks' markets [Reuters] G7 calls out China over Xinjiang, Hong Kong and Taiwan - draft communique [Yahoo/Bloomberg] Fed Dot Plot [...]

Inflation Spikes: Market Yawns Another week, another hot inflation data point. According to the government report out this week, May headline CPI rose 5% from a year earlier. Economists surveyed by Dow Jones had [...]

Total Non-Financial Debt (NFD) expanded $879 billion during Q1 to a record $62.032 TN. NFD expanded an unprecedented $7.671 TN, or 14.1%, over the past five quarters. And with Financial [...]

[Yahoo/Bloomberg] U.S. Stocks Gain Amid Optimism Over Fed Policy: Markets Wrap [Yahoo/Bloomberg] Gold Pares Post-CPI Gain as Dollar and Yields Rebound [Yahoo/Bloomberg] U.S. Yields Set for Biggest Weekly Drop in a Year as Shorts Exit [...]

[Yahoo/Bloomberg] U.S. Stocks Mixed, Treasuries Fall After CPI Data: Markets Wrap [Reuters] World shares, dollar hit pause ahead of U.S. inflation data [CNBC] U.S. consumer price index rose 5% year-over-year, vs. 4.7% estimate [Yahoo/Bloomberg] Gain [...]

[Yahoo/Bloomberg] Dollar Stalls, Yields Ease as Stocks Trade Mixed: Markets Wrap [Reuters] Bond yields hit fresh 1-month low as taper bets recede [Yahoo/Bloomberg] Newest Meme Stocks Extend Gains With No Sign of Craze Fading [Reuters] [...]

[Yahoo/Bloomberg] Stocks, Treasuries, Dollar Advance Amid Inflation Caution: Markets Wrap [Reuters] Global Markets - Dollar shuffles higher, shares bask near peaks [Reuters] Gold prices hover near $1,900/oz on subdued U.S. dollar, yields [Yahoo/Bloomberg] Oil Extends [...]

[Reuters] Stocks pinned near record highs as markets digest U.S. jobs data, global tax deal [Reuters] Oil eases as investors await Iran nuclear talks this week [Reuters] From lapsing job benefits to full stadiums, June [...]

[Yahoo/Bloomberg] Bitcoin Drops Amid Weibo Crypto Suspensions, Goldman CIO Survey [AP] US economy: Plenty of growth, not enough workers or supplies [AP] States rebound from bleak forecasts to pass record budgets [Yahoo/Bloomberg] ECB Isn’t About [...]

[Yahoo/Bloomberg] G-7 Strikes Historic Deal to Revamp Global Tax on Tech Firms [Reuters] G7 finance ministers agree global minimum tax of at least 15% [Reuters] G7 nations strike deal to tax big companies and squeeze [...]

U.S. Non-Farm Payrolls increased 559,000 in May, about double April’s 278,000 gain, but still below the 675,000 consensus forecast. Average Hourly Earnings rose a stronger-than-expected 0.5% for the month, with back-to-back robust monthly earnings gains [...]

Weekly Hard Assets Insights By David McAlvany Oil, the Dollar, and Worker Disinterest Up Sharply The big economic news of the week came with Friday’s non-farm payroll release for May by the U.S. Labor [...]

[Yahoo/Bloomberg] U.S. Stocks Rise, Dollar Drops After Hiring Data: Markets Wrap [Reuters] Global Markets - Dollar climbs, stocks steady as markets await U.S. data [Yahoo/Bloomberg] Oil Climbs Near Highest Since 2018 With More Iran Talks [...]

[Yahoo/Bloomberg] U.S. Stocks Drop on Geopolitics, Fed: Markets Wrap [Reuters] Stocks wobble on inflation concerns ahead of U.S. payrolls [Yahoo/Bloomberg] Gold Retreats After Fed Stimulus Comments, Dollar Gains [Reuters] Oil steady after sharp rise on [...]

[Yahoo/Bloomberg] U.S. Stocks Rise With Europe; Dollar Gains: Markets Wrap [Reuters] Stocks near highs on recovery bets as oil extends rally above $70 [Yahoo/Bloomberg] Oil Rises From Highest Since 2018 on Strengthening Demand [CNBC] AMC [...]

[Yahoo/Bloomberg] Stocks Rise on Economic Data; Oil Jumps: Markets Wrap [Reuters] World stocks hit another record, oil up in big data week [Reuters] Gold scales near 5-month peak on weaker dollar, inflation worries [Yahoo/Bloomberg] Gold’s [...]

[Yahoo/Bloomberg] Futures, Stocks Struggle With Jobs Data in View: Markets Wrap [Reuters] Asia shares try to extend rally ahead of U.S. jobs test [Yahoo/Bloomberg] Gold Heads for Biggest Monthly Gain Since July on Inflation Bets [...]

[Reuters] Rapid appreciation of China's yuan not sustainable, says former PBOC official [Yahoo/Bloomberg] Iran and World Powers Resume ‘Final Round’ of Nuclear Deal Talks [Bloomberg] This Time Is Different: Outside OPEC+, Oil Growth Stalls [Bloomberg] [...]

[Reuters] Money is cheap, let's spend it - White House $6 trillion budget message [Reuters] Pent-up demand, shortages fuel U.S. inflation [CNBC] Costco is seeing inflation abound, impacting a slew of consumer products [Yahoo/Bloomberg] Texas [...]

It’s perhaps the greatest issue confronting today’s global markets. It didn’t work in the U.S. in the late-twenties. Arguably, it was an unmitigated disaster. Beijing has begun moving more aggressively to rein in speculative excess, [...]

Memorial Day Perspective Memorial Day Weekend is a special time for most Americans. As citizens we honor the military personnel who have died performing their duties while serving in the United States Armed Forces. [...]

[Yahoo/Bloomberg] U.S. Stocks Rise; Treasuries Steady: Markets Wrap [Yahoo/Bloomberg] Bitcoin Slumps as Traders Brace for a Volatile Long Weekend [Reuters] Stocks push for record high on $6 trillion U.S. spending hopes [CNBC] A key U.S. [...]

[Yahoo/Bloomberg] Stocks Fluctuate After Economic Data; Bonds Drop: Markets Wrap [Yahoo/Bloomberg] Gold Steadies Near Four-Month High as Central Banks in Focu [Yahoo/Bloomberg] Oil Declines Below $66 as Investors Await Outcome of Iran Talks [Reuters] U.S. [...]

[Yahoo/Bloomberg] U.S. Stocks Rise as Inflation Fears Wane: Markets Wrap [Yahoo/Bloomberg] Gold Returns to Where It Started 2021 on Fed’s Dovish Commitment [Reuters] Dollar wallows at multi-month lows as Fed bangs dovish drum; kiwi jumps [...]

[Yahoo/Bloomberg] Stocks Buoyed by Fed Price Comments; Dollar Slips: Markets Wrap [Reuters] Wall St to test record high on Fed balm as dollar languishes [Reuters] Oil near one-week high as prospect of Iran glut wanes [...]

[Yahoo/Bloomberg] U.S. Stocks Gain; China’s Stance Weighs on Metals: Markets Wrap [Yahoo/Bloomberg] Oil Rallies Toward $65 With Iran Deal in Focus, Goldman Bullish [Reuters] Crypto miners halt China business after Beijing cracks down, bitcoin dives [...]

[Reuters] Bitcoin falls 8.9% to $34,156 [Yahoo/Bloomberg] Global Rebound Euphoria Tests Central Bankers’ Nerves on Risk [Yahoo/Bloomberg] Meat Eaters Hit Hardest as Inflation Sweeps U.S. Grocery Aisles [MarketWatch] More investors than ever are borrowing to [...]

Volatility Rising Volatility reigned in markets this week. The VIX volatility index closed the week above $20, with the exception of gold and silver. Commodities sold off, and the U.S. dollar made new lows [...]

[AP] Biden betting on wage growth, while GOP warns of inflation [CNBC] Workers’ wages are rising at the fastest pace in years. Companies’ profits could take a hit [Yahoo/Bloomberg] No One Was More Shocked by [...]

For the Week: The S&P500 slipped 0.4% (up 10.6% y-t-d), and the Dow declined 0.5% (up 11.8%). The Utilities added 0.4% (up 4.7%). The Banks fell 1.0% (up 35.1%), and the Broker/Dealers declined 1.2% (up [...]

[Yahoo/Bloomberg] U.S. Stocks Rise on Optimism Over Economy: Markets Wrap [Yahoo/Bloomberg] Gold Heads for Third Weekly Gain on Inflation Concerns [Reuters] Dollar heads for weekly loss as traders shrug off taper talk [AP] White House, [...]

[Yahoo/Bloomberg] U.S. Stocks Mixed After Jobs Data; Oil Declines: Markets Wrap [Yahoo/Bloomberg] Gold Near Four-Month High as Fed Signals Taper Talk Is Coming [Yahoo/Bloomberg] Bitcoin Claws Back to $40,000 After Crypto Market Meltdown [Yahoo/Bloomberg] Huarong [...]

[Yahoo/Bloomberg] U.S. Stocks Drop on Inflation Concern: Markets Wrap [Reuters] Global Markets - Crypto crash deepens, stocks slip [Reuters] Gold prices hover near four-month high ahead of Fed minutes [CNBC] Bitcoin tanks 25% in 24 [...]

[Yahoo/Bloomberg] U.S. Stocks Rise as Dollar Retreats: Markets Wrap [Reuters] Dollar slumps to multi-month lows as expectations of flat rates cement [Yahoo/Bloomberg] Gold Breaks Out to Top Three-Month High as Inflation Fears Grow [Reuters] Dollar [...]

[Yahoo/Bloomberg] U.S. Stocks Drop With Europe; Gold Climbs: Markets Wrap [Yahoo/Bloomberg] Gold Hits Three-Month High as Speculators Increase Bullish Bets [Reuters] Global stocks press pause, gold hits 3-mth high on inflation concerns [Yahoo/Bloomberg] World’s Worst [...]

[Reuters] Job fears, price spikes mean heartburn for Biden White House as economy revs up [Dow Jones] Central Banks Jump Into Climate-Change Policy Fray [Yahoo/Bloomberg] Bond Vigilantes Swarm European Economies Where Inflation Is Hot [AP] [...]

[Reuters] Massive replenishment begins to ease U.S. fuel shortages [Yahoo/Bloomberg] Biden Aides See Political, Not Economic, Peril in Inflation Data [MSN/WP] High gas prices and shortages hit trucking industry, as nation critically needs gasoline and [...]

A big week on the inflation front. April CPI was reported up 0.8% versus estimates of 0.2%. And while the 4.2% y-o-y increase was partly a function of the year ago negative CPI prints, it’s [...]

Rising Tension Despite a strong annualized Q1 GDP of 6.4%, expectations for an even stronger Q2 number, and an economic recovery that is widely considered to be significantly stronger and faster than expectations, the [...]

[Yahoo/Bloomberg] U.S. Stocks Gain as Inflation Fears Ebb: Markets Wrap [Reuters] Gold rises as dollar retreats after Fed downplays inflation fears [Reuters] German 10-year bond yield set for biggest weekly rise since February [Yahoo/Bloomberg] U.S. [...]

[Yahoo/Bloomberg] U.S. Stocks Gain After Jobless Claims, PPI: Markets Wrap [Reuters] Europe flattened by snowballing global correction [Yahoo/Bloomberg] Oil Falls as Inflation Hits Sentiment and Colonial Pipe Restarts [Reuters] Dollar holds gains after inflation surprise; [...]

[Yahoo/Bloomberg] Stocks Drop, Yields Rise After Inflation Surprise: Markets Wrap [Reuters] Inflation fears stalk stocks [Yahoo/Bloomberg] Taiwan Stocks Sink as Much as 8.6% on Virus Woes, Tech Rout [CNBC] U.S. consumer prices rose 4.2% in [...]

[Yahoo/Bloomberg] Tech-Fueled Selloff Goes Global on Inflation Fears: Markets Wrap [Reuters] FANGS and BATS sell-off spooks world stocks [Yahoo/Bloomberg] Oil Declines With Inflation Fears Eroding Market Confidence [Yahoo/Bloomberg] Gold Holds Near Three-Month High as Inflation, [...]

[CNBC] Dow climbs 300 points to another record, but sell-off in Big Tech drags Nasdaq down 1.5% [Yahoo/Bloomberg] Oil Rises With Gasoline as Cyberattack Knocks Out U.S. Pipeline [Reuters] Asian shares jump on hopes for [...]

[Reuters] Cyber attack shuts down top U.S. fuel pipeline network [Yahoo/Bloomberg] U.S. Fuel Sellers Scramble for Alternatives to Hacked Pipeline [Reuters] Restarting U.S. Pipeline Hit by Cyberattack May Not Be Easy [Dow Jones] The Mortgage [...]

[Yahoo/Bloomberg] U.S.’s Biggest Gasoline Pipeline Halted After Cyber-Attack [Dow Jones] What Happens to Stocks and Cryptocurrencies When the Fed Stops Raining Money? [Reuters] Copper Just Smashed Past a Record. Here’s What You Need to Know [...]

There is an overarching issue I haven’t been able to get off my mind: Are we at the beginning of something new or in the waning days of the previous multi-decade cycle? May 5 – [...]

Weekly Hard Assets Insights By David McAlvany Mixed Messages The first week of May was action-packed for global markets in what might be fairly characterized as a week of notable contradictions. Mixed economic signals [...]

[Reuters] Global stocks rally amid surging commodity prices [Yahoo/Bloomberg] Tech Leads Stock Gains After Weak Jobs: Markets Wrap [Reuters] Gold heads for best week in 5 months on softer dollar, yields [Yahoo/Bloomberg] Copper Jumps to [...]

[Yahoo/Bloomberg] U.S. Stocks Steady After Jobless Claims Decline: Markets Wrap [Yahoo/Bloomberg] Copper and Iron Ore Surge as Chinese Investors Unleash Demand [Yahoo/Bloomberg] China Stocks Slump as Vaccine IP Waiver Proposal Hits Drugmakers [CNBC] Jobless claims [...]

[Yahoo/Bloomberg] Tech Leads Rebound in U.S. Stocks; Oil Advances: Markets Wrap [Yahoo/Bloomberg] Oil Extends Rally With Brent Nearing $70 After Stockpiles Drop [Reuters] Metals - Copper hits 10-year high, eyes record levels on demand hopes [...]

[Yahoo/Bloomberg] S&P 500 Lower; Dollar Gains: Markets Wrap [Yahoo/Bloomberg] Oil Touches Seven-Week High as Traders Bet on Improving Demand [Reuters] U.S. trade deficit rises to a record high in March [CNBC] Biden and McConnell toughen [...]

[Yahoo/Bloomberg] U.S. Equities Advance With European Stocks: Markets Wrap [Reuters] Stocks rally as investors begin May in bullish mood [Reuters] Precious - Gold rises as U.S. dollar, Treasury yields retreat [Reuters] Analysis: Biden, Powell paddling [...]

[Yahoo/Bloomberg] America’s Jobs Recovery From Crisis Is Looking Robust: Eco Week [AP] Powell’s high-stakes bet: More jobs but only mild inflation [Yahoo/Bloomberg] German Finance Chief Sees Global Corporate-Tax Deal by Summer [Yahoo Finance] Warren Buffett: [...]

[CNBC] Soaring lumber prices add $36,000 to the cost of a new home, and a fierce land grab is only making it worse [Yahoo/Bloomberg] The Price of the Stuff That Makes Everything Is Surging [AP] [...]

“I’m not sure why they think they know that it’s transitory. How do they know that when there’s plenty of money printing that’s been going on and we’ve seen commodity prices going up really massively? [...]

Weekly Hard Assets Insights By David McAlvany A Confluence of Factors The Federal Reserve’s FOMC meeting this past Wednesday made one thing abundantly clear. In the face of a rapidly reflating economy and increasing [...]

[Yahoo/Bloomberg] U.S. Stocks Drop Amid Pause for Growth-Led Rally: Markets Wrap [Yahoo/Bloomberg] Oil Slumps With Recent Demand-Led Rally Taking a Breather [Reuters] U.S. labor costs accelerate in the first quarter [Reuters] U.S. consumer spending, income [...]

[CNBC] S&P, Nasdaq 100 higher after Apple & Facebook beat estimates [Reuters] Global shares gain lift from Fed, Biden's stimulus [Reuters] German yields hit one-year high as inflation exceeds ECB target [Yahoo/Bloomberg] Steel Smashes Records [...]

[Yahoo/Bloomberg] Yields Rise With Dollar as Fed, Biden Loom Large: Markets Wrap [Reuters] Dow, Nasdaq lower after tech, Boeing results; Fed in focus [Yahoo/Bloomberg] Fed to Stay Patient as U.S. Outlook Improves: Decision-Day Guide [CNBC] [...]

[Reuters] Stocks dip on caution before Fed, earnings [Yahoo/Bloomberg] Huarong Bonds Slump as Fitch Cut Overshadows April Repayments [Yahoo/Bloomberg] Oil Edges Higher With Virus Resurgence Looming Over Market [Yahoo/Bloomberg] Copper Surges Toward $10,000 as Bulls [...]

[Yahoo/Bloomberg] Yields Rise on Growth Bets, Dollar Erases Losses: Markets Wrap [Reuters] Stocks slip as investors turn cautious ahead of Fed meeting [Reuters] Corn jumps to 8-year high on tightening world supplies, wheat up 2.4% [...]

[Yahoo/Bloomberg] Most Mideast Shares Climb With Oil, Earnings Eyed: Inside EM [Yahoo Finance] FOMC meeting, Big Tech earnings: What to know this week [MSN/Bloomberg] The Grocery Price Shock Is Coming to a Store Near You [...]

[Yahoo/Bloomberg] The World’s Industrial Comeback Drives Metals to Multi-Year High [Yahoo/Bloomberg] Europe’s Most Indebted Countries Aren’t Ready for Market Reality [Reuters] Indian hospitals turn away patients in COVID-19 ‘tsunami’ [Yahoo/Bloomberg] Turkey’s Crypto Pain Grows With [...]

Not again. Bloomberg is referring to “the bond market riddle.” The Financial Times went with the headline, “US Government Bond Investors Left Bewildered by ‘Bonkers’ Market Move.” It’s been three weeks of declining Treasury yields [...]

Searching for Direction US stock markets were only slightly lower on the week as a heavy volume rally on Friday pared losses from previous sessions. Earnings season is underway, and we’ve now seen 121 [...]

Tactical Short Strategy Conference Call - April 22, 2021 Disclaimer: Advisory services are offered by McAlvany Wealth Management, an investment adviser registered with the U.S. Securities and Exchange Commission. The comments [...]

[Yahoo/Bloomberg] U.S. Stocks Rise After Stocks Bruised by Tax Plan: Markets Wrap [Reuters] European stocks eye weekly drop, Bitcoin slides on U.S. tax hike plan [Reuters] Gold Heads for Third Weekly Gain as Yields, Dollar [...]

[Yahoo/Bloomberg] Stocks Edge Higher After Jobless Claims: Markets Wrap [Reuters] Global stocks eye new high on growth hopes, oil ebbs on COVID-19 fears [Yahoo/Bloomberg] Oil Extends Losing Run on U.S. Stockpile Gain, Demand Concerns [Yahoo/Bloomberg] [...]

[Yahoo/Bloomberg] Netflix Drags Down Nasdaq; Yields Rise: Markets Wrap [AP] World shares mixed as earnings take center stage [Yahoo/Bloomberg] Oil Drops on Resurgent Virus, Reported Build in U.S. Stockpiles [Reuters] Dollar firm as COVID-19 resurgence [...]

[Yahoo/Bloomberg] U.S. Stocks Slump as Virus Hits Travel Stocks: Markets Wrap [Yahoo/Bloomberg] Oil Rises Toward $64 on Anniversary of Historic Crash Below Zero [Yahoo/Bloomberg] SALT Cap Revolt Led by N.Y. Democrats Snarls Biden Spending Plan [...]

[Yahoo/Bloomberg] U.S. Stocks Slip From Record Highs; Dollar Falls: Markets Wrap [Reuters] Dollar pinned near one-month low amid subdued U.S. yields [Reuters] Gold firms as softer U.S. dollar, yields lift appeal [Yahoo/Bloomberg] Crypto Stock Mania [...]

[Yahoo/Bloomberg] Bitcoin Plunges in Biggest Intraday Drop Since February [Reuters] Bitcoin falls 11.1% to $53,356 [Yahoo/Bloomberg] Historic Oil Glut Amassed During the Pandemic Has Almost Gone [Yahoo/Bloomberg] China to Focus on Domestic Use of Digital [...]

[Reuters] Wall Street Week Ahead: Tech retakes market lead as investors eye yields, earnings [Reuters] Morgan Stanley picked good time to back bad client [Reuters] Exclusive: China's Ant explores ways for Jack Ma to exit [...]

Another Rough Week for the Dollar In last week’s HAI, it was noted that the US dollar delivered its worst weekly decline of 2021. This week, the greenback suffered further downside. This weakness raises [...]

Please join Doug Noland and David McAlvany this Thursday, April 22nd, at 4:00 pm Eastern/ 2:00 pm Mountain time for the Tactical Short Q1 recap conference call, “Contemplating an Inflection Point.” Click here to register. [...]

[Reuters] Stocks set fresh record high on strong China, U.S. data [Yahoo/Bloomberg] Gold Hits Seven-Week High on Weaker Bond Yields and Dollar [Yahoo/Bloomberg] China’s Economy Soars by Record a Year After Pandemic Slump [Reuters] U.S. [...]

[Yahoo/Bloomberg] U.S. Stocks Rise as Earnings, Data Signal Rebound: Markets Wrap [Reuters] World stocks stay high, Russia's rouble buckles under sanctions stress [Reuters] Oil holds near one-month highs as demand forecasts raised [CNBC] Retail sales [...]

[Yahoo/Bloomberg] U.S. Stocks Edge Higher With Earnings in Focus: Markets Wrap [Reuters] World stocks hit record high as bond yields ease with inflation fears [Reuters] Dollar at three-week low on tamped down fears over inflation [...]

[Yahoo/Bloomberg] Treasuries Steady With S&P After CPI Data: Markets Wrap [AP] US recommends ‘pause’ for J&J vaccine over clot reports [CNBC] U.S. consumer price index rose 0.6% in March, vs 0.5% increase expected [Yahoo/Bloomberg] U.S. [...]

[Yahoo/Bloomberg] Stocks Retreat After S&P 500 Record as Risks Loom: Markets Wrap [Reuters] Stocks off record highs ahead of earnings, U.S. data [AP] Fed’s Powell sees US boom ahead, with COVID still a risk [Reuters] [...]

[Yahoo/Bloomberg] Most Mideast Stocks Rise With Earnings in Spotlight: Inside EM [Yahoo/Bloomberg] Watch U.S. Inflation for Hidden Price Momentum: Eco Week Ahead [Yahoo/Bloomberg] Inflation Is the Only Signal That the Post-Covid Boom Will Heed [Yahoo/Bloomberg] [...]

[Yahoo/Bloomberg] U.S. Cases Hit Two-Week High; India in Crisis: Virus Update [Reuters] EU proposes six-month tariff freeze with United States - Der Spiegel [Reuters] China fines Alibaba record $2.75 billion for anti-monopoly violations [Reuters] Ukraine [...]

Please join Doug Noland and David McAlvany a week from Thursday, April 22nd, at 4:00 pm Eastern/ 2:00 pm Mountain time for the Tactical Short Q1 recap conference call, “Contemplating an Inflection Point.” Click here [...]

Creeping Inflation Concerns?As we enjoy the warming temperatures of a budding spring, the US Labor Department reported on Friday a warming trend of a whole different nature. The March PPI results came in “hotter” than [...]

[Yahoo/Bloomberg] U.S. Stocks Fluctuate as Treasury Yields Rise: Markets Wrap [MarketWatch] U.S. Treasury yields climb amid global reflation fears [Reuters] Oil prices dip on mixed supply and demand outlook [CNBC] U.S. producer price index rose [...]

[Yahoo/Bloomberg] Stocks Rise With Europe; Treasuries Gain: Markets Wrap [Yahoo/Bloomberg] Gold Gains After Dovish Fed Minutes Lift Equities, Weaken Dollar [Yahoo/Bloomberg] Yuan Erases Year’s Gains Against Dollar as PBOC Steps Aside [Reuters] Analysis: White House, [...]

[Yahoo/Bloomberg] Stocks Hover Around Record High; Treasuries Steady: Markets Wrap [Reuters] Global growth hopes keep shares near record high [Yahoo/Bloomberg] U.S. Trade Deficit Widened to Record $71.1 Billion in February [Reuters] U.S. trade deficit hits [...]

[Yahoo/Bloomberg] S&P 500 Dips; Europe Stocks Climb to Record: Markets Wrap [Reuters] China stocks fall as healthcare, consumer companies weigh [Yahoo/Bloomberg] Oil Rebounds With Growth Outlook Improving Ahead of Iran Talks [Reuters] Fast food struggles [...]

[Yahoo/Bloomberg] U.S. Stocks Gain; Pound at Two-Week High: Markets Wrap [Reuters] Stocks gain after bumper U.S. jobs data, bonds smell Fed trouble [Yahoo/Bloomberg] Oil Falls as India Virus Cases Surge, OPEC+ Agrees to Ease Cuts [...]

[Yahoo/Bloomberg] Guardians of Global Economy Gather to Assess Damage: Eco Week [Yahoo/Bloomberg] Saudis Hike Oil Prices for Key Asia Market in Sign of Confidence [Yahoo/Bloomberg] Credit Suisse Weighs Replacing Risk Chief After Miscues [Reuters] France [...]

[CNN] Fully vaccinated people can travel at low risk to themselves, new CDC guidance says [AP] EXPLAINER: What Biden’s new $100B plan for broadband means [Reuters] Myanmar protesters defy crackdown, five killed; junta hunts critics [...]

I’ve been a longtime enthusiast for Hyman Minky’s analysis. His work plays prominently in my analytical framework. Financial structures evolve over time, and there is an innate propensity for this evolution to regress into a [...]

An Echo of History On this holiday weekend, let’s take a short trek along the yellow brick road. While multi-month price corrections are never fun for the asset holder, overall, intermediate corrections are a [...]

[Yahoo/Bloomberg] U.S. Stock Futures Gain on Strong Jobs Data: Markets Wrap [CNBC] U.S. Treasury yields remain slightly higher following robust March jobs report [Yahoo/Bloomberg] U.S. Added 916,000 Jobs in March, Unemployment Rate Falls [Reuters] U.S. [...]

[Yahoo/Bloomberg] Stocks Rise on Growth Outlook With Jobs in Focus: Markets Wrap [Reuters] Oil up as OPEC+ meets to decide on production policy [Yahoo/Bloomberg] U.S. Jobless Claims Rise as Labor Market Recovery Remains Choppy [Reuters] [...]

[Yahoo/Bloomberg] Yields Gain as Traders Absorb Biden Spending Plan: Markets Wrap [AP] Eager to build infrastructure, Biden plans to tax business [Reuters] Factbox: What's in Biden's $2.3 trillion infrastructure plan? [Reuters] Biden proposal: $174 billion [...]

[Yahoo/Bloomberg] Treasury Yields Rise With Biden Spending in Focus: Markets Wrap [CNBC] 10-year Treasury yield hits 14-month highs, topping 1.77% [Reuters] Nasdaq down as spike in yields pressures tech stocks [Reuters] Dollar gains as U.S. [...]

[Yahoo/Bloomberg] U.S. Stocks Fall as Block Trades Rattle Nerves: Markets Wrap [Reuters] World shares steady as Archegos concerns temper Suez relief [Yahoo/Bloomberg] Oil Rises With Market Eyeing OPEC+ Meeting, Suez Canal Reopening [Yahoo/Bloomberg] Billions in [...]

[Yahoo/Bloomberg] Treasuries’ Worst Quarter Since 2016 Ends With Questions Aplenty [Reuters] Tugs, dredgers still struggle to free ship blocking Suez Canal [Yahoo/Bloomberg] Ship’s Front Was Damaged; 350 Vessels Waiting: Suez Update [Yahoo/Bloomberg] ‘Unprecedented’: Wall Street [...]

[AP] Big Tech’s outsized influence draws state-level pushback [Reuters] Salvager hopes to free ship blocking Suez Canal by start of next week [Yahoo/Bloomberg] How a Desert Wind Blew $10 Billion of Global Trade Off Course [...]

Markets: Risk-on, Risk-off, Risk-maybe On the macro economic front, significant coronavirus concerns have resurfaced again this past week. Germany, Europe’s largest economy, is enduring a third wave of the pandemic. After Covid numbers fell [...]

March 1 – Daily Sabah: “Turkey’s economy grew a less-than-expected but still robust 5.9% in the fourth quarter of 2020 and 1.8% in the year as a whole…, emerging as one of only a few [...]

[Yahoo/Bloomberg] U.S. Stocks Mixed as Dollar Breaks Winning Streak: Markets Wrap [Reuters] Oil prices rise on fears Suez blockage may last weeks [Yahoo/Bloomberg] U.S. Household Spending Fell in February as Stimulus Boost Waned [CNBC] New [...]

[Yahoo/Bloomberg] Stocks Decline, Oil Drops Amid Suez Block: Markets Wrap [Reuters] Stocks sluggish, dollar near four-month highs as risk appetite wanes [Yahoo/Bloomberg] China Tech Giants Dive as Delisting Threat Joins Crackdown Fears [Yahoo/Bloomberg] Oil Slumps [...]

[Yahoo/Bloomberg] Nasdaq Leads Market Higher as Yields Rise: Markets Wrap [Yahoo/Bloomberg] Oil Climbs After Strong Europe Data and Suez Canal Blockage [Yahoo/Bloomberg] U.S. Durable Goods Orders Decrease for First Time Since April [CNBC] Homebuyer mortgage [...]

[Yahoo/Bloomberg] Stocks Edge Down as Oil Slumps; Bonds Advance: Markets Wrap [Yahoo/Bloomberg] Bargain Hunters Save Turkish Stocks From Worst Drop in 20 Years [Reuters] Oil falls more than 3% as European coronavirus curbs point to [...]

[Yahoo/Bloomberg] Stocks Edge Up as Yields Dip; Turkish Lira Sinks: Markets Wrap [Reuters] Turkish lira plunges to near record low after Erdogan sacks central bank chief [Yahoo/Bloomberg] Turkish Stock Drop Triggers Circuit Breakers as Banks [...]

[Yahoo/Bloomberg] Mideast Equities Drop Tracking Slump in Oil Prices: Inside EM [AP] Supply bottlenecks leave ships stranded, businesses stymied [CNBC] Covid cases are rising in 21 states as health officials warn against reopening too quickly [...]

[CNBC] U.S.-China trade relations remain strained as Biden team takes tough stance similar to Trump [Reuters] 'Tough' U.S.-China talks signal rocky start to relations under Biden [AP] Fallout from riot, virus leaves toxic mood on [...]

The Treasury yield spike runs unabated. Ten-year Treasury yields rose another 10 bps this week to 1.72%, the high since January 23, 2020. The Treasury five-year “breakeven” inflation rate rose [...]

Time to Build a Portfolio of Real Things Today is “quadruple witching,” with a variety of options and futures contracts expiring. This adds a unique complexity to market behavior. The dust will settle next [...]

[Yahoo/Bloomberg] Stocks, Yields Fluctuate After Fed Ends Break: Markets Wrap [Reuters] U.S. bond yields dip from 14-month highs, oil stabilises [Yahoo/Bloomberg] China Stocks Slide on Rocky Alaska Talks With U.S. [CNBC] The Fed will not [...]

[Yahoo/Bloomberg] Bonds Plunge With Nasdaq on Inflation Risk: Markets Wrap [Yahoo/Bloomberg] Treasury Yields Top 1.75% After Powell Spurs Bets on Inflation [Yahoo/Bloomberg] Oil Is on Longest Run of Declines in Over a Year as Rally [...]

[Yahoo/Bloomberg] Yields Extend Gains Before Fed; Tech Shares Slump: Markets Wrap [Reuters] U.S. Treasury yields hit new highs as key Fed statement looms [Yahoo/Bloomberg] Fed’s Dot Plot May Back Up Powell’s Patience: Decision-Day Guide [Reuters] [...]

[Yahoo/Bloomberg] Stocks Edge Up; Oil Slips: Markets Wrap [Reuters] Oil drops amid rising stockpiles and COVID-19 demand concerns [Reuters] Fed officials may talk technical rate move but delay acting for now [CNBC] Why this week’s [...]

[Yahoo/Bloomberg] Stocks Gain as Oil Dips; Europe Stocks Rise: Markets Wrap [Reuters] Euro zone government bond yields stabilise; U.S.-Germany spread at widest in one year [Reuters] Dollar sets pace ahead of key central bank meetings [...]

[CNBC] Fewer kids are going to college because they say it costs too much [AP] China, North Korea loom as Blinken, Austin head to Asia [Yahoo/Bloomberg] Fed to Hike Rates in 2023 but Dots Won’t [...]

[Reuters] Pelosi says U.S. lawmakers must work 'swiftly' on major infrastructure package [Reuters] First U.S. stimulus payments to hit bank accounts this weekend: officials [Yahoo/Bloomberg] Bear Warning Seen With Nasdaq 100 Velocity Stalling at 2000 [...]

Real But Unacknowledged, Inflation Is the Elephant in the Room A failed rally in the 10-year Treasury took yields back to the highs for the week, passing 1.62%. Though the FED speaks as if [...]

I received a friendly email a few weeks back from a reader inquiring whether my analysis is Fact or opinion. Well, it’s my opinion that the world is in the “Terminal Phase” of history’s greatest [...]

[Yahoo/Bloomberg] Nasdaq Slides as Yields Climb With Dollar: Markets Wrap [Yahoo/Bloomberg] Treasury Yields Surge to Test Key Level in Sudden Selling Bout [Reuters] Global stocks, oil edge away from highs as stimulus rally ebbs [Reuters] [...]

[Yahoo/Bloomberg] Nasdaq Leads U.S. Equities as Dollar Weakens: Markets Wrap [Reuters] Euro zone bond yields fall after ECB says it will speed up bond purchases [Reuters] World stocks hit highest in a week as inflation [...]

[Yahoo/Bloomberg] Stocks Rise, Dollar Erases Gain on Inflation Data: Markets Wrap [Reuters] Stocks and bond yields inch higher after wild tech reboot [Reuters] Oil rises on OPEC+ supply restraint and brighter economic forecast [Reuters] U.S. [...]

[Yahoo/Bloomberg] U.S. Stocks Rise as Treasury Yields Halt Four-Day Climb [Reuters] Gold rebounds as dollar, U.S. yields pull back [Reuters] Oil prices rise on expected economic recovery, likely drawdown in oil stocks [Yahoo/Bloomberg] Treasury Traders [...]

[Yahoo/Bloomberg] U.S. Stocks Fluctuate; Dollar Strengthens: Markets Wrap [CNBC] 10-year Treasury yield rises to 1.6% after Senate passes stimulus package [Yahoo/Bloomberg] Oil Surge Eases Following Attack on Key Saudi Crude Terminal [Yahoo/Bloomberg] China’s Key Stock [...]

[Yahoo/Bloomberg] Saudi Stocks Lead Gulf Gains on Surging Oil Bets: Inside EM [CNBC] Senate passes $1.9 trillion Covid relief bill, House Democrats plan final approval Tuesday [Yahoo/Bloomberg] Powell’s Dashboard Shows How Far U.S. Economy Has [...]

[Reuters] Democrats advance Biden's $1.9 trillion COVID-19 bill in marathon Senate session [Reuters] Wall Street Week Ahead: Investors weigh how far tech stocks can slide after volatile week [Yahoo/Bloomberg] Senate Nears Saturday Passage After All-Nighter: [...]

It was another unsettled week for notably synchronized global markets. The week began with a decent bout of hope. The S&P500 rallied 2.8% in Monday trading, “its strongest one-day gain [...]

Fed Starting to Lead Interest Rate Policy from the Rear Bank of America is calling this, “a new era of volatility.” Bonds, stocks, commodities, precious metals, everything was on the move in dramatic form, [...]

[Yahoo/Bloomberg] Bond Yields Hit 1.6% on Jobs Data; Stocks Rise: Markets Wrap [Yahoo/Bloomberg] Global Credit Markets Stumble in One of This Year’s Worst Weeks [Reuters] Oil hits almost 14-month high after OPEC+ extends output cuts [...]

[Yahoo/Bloomberg] Stocks and Bonds Steady After Jobs Data: Markets Wrap [Reuters] Bond scares linger, investors look to Powell [Reuters] Oil strengthens on prospect of OPEC+ maintaining supply cuts, drop in U.S. inventories [Yahoo/Bloomberg] Initial Claims [...]

[Yahoo/Bloomberg] Stocks Decline as Treasuries Extend Rout: Markets Wrap [Reuters] Oil up as OPEC+ considers rollover rather than raising output [Reuters] Rocket leads mortgage sector surge in GameStop-style short squeeze [Yahoo/Bloomberg] Cost of Treasuries-Led Rout [...]

[Yahoo/Bloomberg] U.S. Stocks Decline as Europe Shares Gain: Markets Wrap [Reuters] Wall Street heads for subdued start, on bond watch [Yahoo/Bloomberg] China’s Focus on Bubble Risks Is a Warning Sign for Stock Market [Yahoo/Bloomberg] China [...]

Investors Move to Reduce Risk The predominant market theme for this week was the spike in the 10-year yield and its implications for risk assets. Stepping back, as risk-free rates rise and offer cash [...]

[Yahoo/Bloomberg] Stocks, Commodities Rally as Treasuries Slide: Markets Wrap [Yahoo/Bloomberg] Oil Powers Ahead as Critical OPEC+ Meeting Looms, Markets Rally [Reuters] Spotlight moves to U.S. Senate as Democrats push $1.9 trillion COVID-19 relief bill [Yahoo/Bloomberg] [...]

[AP] Biden team readies wider economic package after virus relief [Reuters] China's factory activity expands at a slower pace in February, misses expectations: official PMI [Reuters] Growth in China's services sector slows in February -official [...]

[Reuters] Biden scores legislative win as House passes $1.9 trillion COVID-19 relief plan [Reuters] Investors jumping the gun as TIPS, futures flag early Fed tightening [Reuters] Wall Street Week Ahead: Investors weigh new stock leadership [...]

Ten-year Treasury yields closed out a tumultuous week at 1.41% bps, pulling back after Thursday’s spike to a one-year high 1.61%. Ten-year Treasury yields are now up 49 bps from the start of the year [...]

[Yahoo/Bloomberg] Global Bond Rout Eases; Dollar Extends Advance: Markets Wrap [CNBC] 10-year Treasury yield retreats slightly from one-year high [Reuters] China, Hong Kong stocks drop over 2% as bond yields surge [Reuters] Stock markets hit [...]

[Yahoo/Bloomberg] Bonds Drop With Stocks on Inflation Worries: Markets Wrap [Reuters] Stocks rise, bond yields too - despite central banker talk-down efforts [CNBC] GameStop shares surge in premarket as Reddit favorites rally again [Reuters] Oil [...]

[Yahoo/Bloomberg] U.S. Stocks Slump as Treasury Yields Surge: Markets Wrap [Reuters] Oil edges higher as surprise U.S. stock build weighs [Reuters] China's yuan firms on dollar weakness after Powell testimony [Yahoo/Bloomberg] Powell Goes Easy on [...]

[Yahoo/Bloomberg] Stocks Decline as Tech Slumps: Markets Wrap [Reuters] Stocks struggle as tech slide erases commodities surge [Reuters] Oil rises on positive forecasts, slow U.S. output restart [Yahoo/Bloomberg] Gold Steadies After Sharp Gain With Powell’s [...]

[Yahoo/Bloomberg] Bond Yields Climb as Stocks Slump; Copper Rallies: Markets Wrap [Reuters] World shares dip as bond yields, commodities surge [Reuters] Dollar holds its ground as markets focus on rising yields [Yahoo/Bloomberg] Brazil Markets Tumble [...]

[AP] Power failure: How a winter storm pushed Texas into crisis [Yahoo/Bloomberg] Biden’s Economic Legacy at Stake With Next Package Taking Shape [Yahoo/Bloomberg] Weak Grids Expose Risks for the Electrification of Everything [Yahoo/Bloomberg] Surging U.S. [...]

The Market Considers Its Options The broader market had a bit of a pullback as it digested extraordinary gains. However, the selloff was uneven. There are plenty of signs that the risk-on environment we [...]

[Reuters] Wall Street Week Ahead: Rising U.S. bond yields pose new threat to sky-high stocks [AP] Southern cities hit hard by storms face new crisis: No water [Reuters] Cold, lack of water overwhelm Texas hospitals [...]

I give it my best shot each week. My hope is to provide pertinent insight, though the overarching objective is to scrupulously chronicle this extraordinary period in history. Like other great Bubbles and manias, looking [...]

[Yahoo/Bloomberg] Stocks Rise With Focus on Earnings, Dollar Dips: Markets Wrap [Reuters] Shares grind higher despite rising bond yields, weak data [Yahoo/Bloomberg] Oil Giving Up Big-Freeze Gains With Wells Slowly Restarting [Reuters] Take Five: Bond [...]

[Yahoo/Bloomberg] Nasdaq Leads U.S. Stocks Lower; U.S. Yields Rise: Markets Wrap [Reuters] China's blue-chip index falls on policy tightening, valuation worries; Hong Kong down [Reuters] Oil prices extend gains as Texas cold snap cuts U.S. [...]

[Yahoo/Bloomberg] Treasury Yields Hold Near One-Year High; Stocks Slip: Markets Wrap [Reuters] Rising U.S. yields cool down stocks [Yahoo/Bloomberg] Oil Extends Gains as Freeze Halts a Third of U.S. Crude Output [Reuters] U.S. retail sales [...]

[Yahoo/Bloomberg] Stocks Extend Rally; Treasury Yields Rise: Markets Wrap [Reuters] Wall Street set to join global stocks party as investors dump bonds [Yahoo/Bloomberg] Treasury Yields Surge as Rising Energy Costs Spur Reflation Bets [Reuters] Oil [...]

[Yahoo/Bloomberg] Stocks Extend Gains; Oil Climbs on Cold Snap: Markets Wrap [Reuters] Dollar weakens as market optimism lifts riskier currencies [Yahoo/Bloomberg] Oil Rallies as Texas’ Wintry Cold Hits Output in Shale Heartland [Yahoo/Bloomberg] Gold Steadies [...]

[Yahoo/Bloomberg] Big Freeze Sends Gas Soaring With Arctic Grip Tightening [AP] Virus may never go away but could change into mild annoyance [Reuters] China fires back at Washington after it raises concerns about WHO COVID [...]

Markets Continue Their Hopium High The risk-on trade continued into this week, and the markets saw a continued broad-based rally to all-time highs. The S&P 500 closed the week up 1.6 percent, and the [...]

[Yahoo/Bloomberg] Arctic Blast Grips U.S., Shaking Markets and Setting Records [CNBC] Fatigue, headaches and chest pain: Medical experts try to establish ‘long Covid’ diagnosis for patients with lasting symptoms [Yahoo/Bloomberg] Taper Tantrum to VAR Shock: [...]

Central banking traditionally operated as a judicious and conservative institution, with an overarching mandate focused on promoting monetary and financial stability. Historically, recognition that missteps can impart such profound societal hardship necessitated an incremental and [...]

[Yahoo/Bloomberg] U.S. Stocks Edge Lower; Dollar Rebounds: Markets Wrap [Reuters] World shares dip and Bitcoin hits record high [Reuters] Biden to press for $1.9 trillion COVID relief plan with governors, mayors [Yahoo/Bloomberg] Stock Trading Frenzy [...]

[Yahoo/Bloomberg] Technology Leads Stocks Higher; Oil Retreats: Markets Wrap [Reuters] Dollar steadies; Aussie dollar nears two-week highs [Reuters] Global stocks higher, sustained by bottomless stimulus [CNBC] Jobless claims worse than expected as pandemic-related filings [...]

[Yahoo/Bloomberg] Stocks Extend Gain, Bonds Erase Loss on CPI: Markets Wrap [Reuters] World shares gain for eighth day in a row; Wall Street set for stronger open [Yahoo/Bloomberg] Oil Extends Longest Rising Streak in Two [...]

[Yahoo/Bloomberg] U.S. Stocks Slip With Europe; Dollar Drops: Markets Wrap [Reuters] Dollar retreats on U.S. recovery doubts; bitcoin tops $47,000 for first time [Yahoo/Bloomberg] Gold Advances for Third Day With Stimulus, Inflation in Focus [Reuters] [...]

[Reuters] Shares reach record high, oil tops $60 a barrel [Yahoo/Bloomberg] Stocks Hit Record, Bonds Drop on Reflation Trade: Markets Wrap [Yahoo/Bloomberg] Treasury Long Bond Reaches 2% Milestone as Global Yields Awaken [Yahoo/Bloomberg] Bond Traders [...]

[Yahoo/Bloomberg] Flash Loans Are Providing Instant Cash to Crypto Speculators [Reuters] China issues new anti-monopoly rules targeting its tech giants [Reuters] China Dec FX reserves fall slightly to $3.211 trln [CNBC] U.S. and China top [...]

Market Expects Fair Winds and Following Seas The markets got a taste of a risk-off environment last week. They quickly shrugged off a brief period of hedge fund balance sheet de-grossing to make new [...]

[Reuters] Democrats clear path for approval of Biden's $1.9 trillion COVID package [AP] Biden’s dilemma in virus aid fight: Go big or go bipartisan [Reuters] Wall Street Week Ahead: GameStop frenzy reveals potential for broader [...]

GameStop collapsed 80% this week, with Express and AMC Entertainment down 48%, Vaxart 36%, and Siebert Financial 31%. Riches have been made and lost. Wealth was redistributed – and count [...]

[Yahoo/Bloomberg] Stocks Rise as Jobs Report Bolsters Stimulus Bets: Markets Wrap [Reuters] Dollar set for best week in three months as pandemic recoveries diverge [Reuters] Oil hits highest in a year on growth hopes, OPEC+ [...]

[Yahoo/Bloomberg] Stocks Edge Higher as Yields Rise; Dollar Gains: Markets Wraprap [Reuters] China stocks fall on fresh liquidity concerns, Hong Kong dragged by tech shares [Reuters] Dollar strengthens on U.S. economic outlook; euro dips below [...]

[Yahoo/Bloomberg] Global Stocks Extend Rally as Earnings Roll In: Markets Wrap [Yahoo/Bloomberg] Silver Calms as Market-Roiling Frenzy Shows Signs of Easing Off [Yahoo/Bloomberg] China Drains Funds From Banking System as Cash Crunch Eases [Reuters] U.S. [...]

[Yahoo/Bloomberg] Stocks Rally Before Tech Earnings; Silver Tumbles: Markets Wrap [Reuters] Global markets buoyant as U.S. stimulus debate approaches [Yahoo/Bloomberg] Oil Surges to One-Year High in New York as Rally Powers On [CNBC] GameStop shares [...]

[Yahoo/Bloomberg] Global Stocks Rally; Silver Jumps to 2013 High: Markets Wrap [Reuters] Stocks bouce back as small-time traders pile into silver [CNBC] Silver jumps 11%, the most in 11 years as Reddit traders try their [...]

[Yahoo/Bloomberg] The Reddit Army Bailout: Desperate Companies Get New Lifelines [Reuters] China's factory recovery slows in January as COVID-19 returns [Reuters] Growth in China's services sector slows in Jan - official PMI [Reuters] Italy's Renzi [...]

When Shorted Stocks Stand TallMarkets had a pullback this week despite a concerted effort by retail investors on the subreddit “Wall Street Bets” to create a short squeeze in heavily shorted names. The highest 50 [...]

[AP] Biden, Democrats hit gas on push for $15 minimum wage [Yahoo News] ‘A wakeup call’: How resilient new coronavirus variants could prolong the pandemic [MSN/LA Times] New clinical trials raise fears the coronavirus is [...]

Yet another week for the history books. For posterity: GameStop gained 400%, AMC Entertainment 278%, Express 235%, Siebert Financial 122%, Cel-Sci 75%, Novavax 74%, Vaxart 68%, Fulgent Genetics 60%, Vir Biotechnology 59%, National Beverage 54%, [...]

[Yahoo/Bloomberg] Stocks Drop; Treasury Yields Rise: Markets Wrap [Yahoo/Bloomberg] GameStop Surges in Premarket as Some Trading Restrictions Lifted [CNBC] Bitcoin spikes 20% after Elon Musk adds #bitcoin to his Twitter bio [Yahoo/Bloomberg] Oil Holds Steady [...]

[Yahoo/Bloomberg] U.S. Stocks Gain After Jobless Claims Dip: Markets Wrap [Reuters] Stocks soured by Wall Street sell-off and 'vaccine nationalism' [Reuters] Souring sentiment lifts dollar, knocks risk currencies [CNBC] Fourth quarter GDP increased 4.0% vs [...]

[Yahoo/Bloomberg] U.S. Stocks Slump in Risk-Off Mood; Dollar Rises: Markets Wrap [Reuters] China money rates hit 21-month high on holiday demand, policy tightening worries [Reuters] Dollar edges before Fed meeting, euro slips [Reuters] GameStop stock [...]

[Yahoo/Bloomberg] U.S. Stocks Edge Higher; European Stocks Advance: Markets Wrap [Reuters] U.S. Treasury yields fall, dollar firms on stimulus worries [Yahoo/Bloomberg] China's benchmark overnight repo rate jumps to highest since Nov 2019 [CNBC] November home [...]

[Yahoo/Bloomberg] Tech Stocks Rally; European Stocks Retreat: Markets Wrap [Reuters] Dollar steadies; euro hurt by vaccine delays and German business morale slump [MarketWatch] Gold prices perk up as government bond yields retreat [Reuters] Fed set [...]

[Yahoo/Bloomberg] World’s Economic Recovery Gets Delayed by Slow Vaccine Rollouts [Reuters] Biden administration to unveil more climate policies, urges China to toughen emissions target [Reuters] China-Taiwan tensions rise days into Biden presidency [Reuters] U.S. carrier [...]

[AP] Biden’s choice on econ aid: Deal with GOP or go for it all [CNBC] The stock market is at or near the most-expensive levels ever by most measures. When will it matter? [Yahoo/Bloomberg] Oil [...]

Outstanding Treasury Securities began 2008 at $6.051 TN, or 41% of GDP. Treasuries ended 2019 at $19.019 TN, or 87% of GDP. And then, in only three quarters, Treasuries surged another $3.882 TN to $22.900 [...]

Weekly Hard Assets Insights By David McAlvany Only Gold Is Gold The meteoric rise and fall of bitcoin and other cryptocurrencies has gotten a great deal of media attention. Those of us close to [...]

Tactical Short Strategy Conference Call - January 21, 2021 Disclaimer: Advisory services are offered by McAlvany Wealth Management, an investment adviser registered with the U.S. Securities and Exchange Commission. The comments [...]

[Yahoo/Bloomberg] Rally Stumbles With Virus Concerns Back to Fore: Markets Wrap [Reuters] Global stocks ease as gloomy data takes shine off U.S. stimulus hopes [Reuters] Oil down 2% as China COVID-19 cases trigger clampdowns [Reuters] [...]

[Yahoo/Bloomberg] Stocks Rise to Record; Euro Holds Gain After ECB: Markets Wrap [Yahoo/Bloomberg] Gold Steady as Dollar Continues Decline on Biden Stimulus Bets [Reuters] Euro clings to gains as ECB sticks to policy, dollar dips [...]

[Yahoo/Bloomberg] U.S. Stocks Rise With Europe; Bonds Dip: Markets Wrap [Reuters] Stocks welcome Yellen's call to 'act big' on coronavirus spending [Yahoo/Bloomberg] Gold Rises With Dollar’s Outlook in Focus After Yellen Weighs In [Reuters] Biden [...]

[Yahoo/Bloomberg] Stocks, Treasury Yields Rise Before Yellen Hearing: Markets Wrap [Yahoo/Bloomberg] Yellen Faces Senate With ‘Act Big’ Message on Economic Stimulus [AP] A new COVID-19 challenge: Mutations rise along with cases [CNBC] Covid live updates: [...]

[Yahoo/Bloomberg] U.S. Equity Futures Fluctuate, Dollar Edges Higher: Markets Wrap [CNBC] Global stocks sink as coronavirus fears outweigh recovery hopes [Yahoo/Bloomberg] Gold Edges Up From December Low With Focus on Stimulus, Dollar [Yahoo/Bloomberg] Oil Extends [...]

[Yahoo/Bloomberg] Most Mideast Equity Gauges Fall as Earnings Roll In: Inside EM [AP] Statehouses, US capital brace for potentially violent week [Reuters] Italy's Conte struggles to secure support in Senate showdown [Reuters] Italy public debt [...]

[CNBC] Adrenaline-fueled rush for small caps, vaccine plays and story stocks dents passive-indexing trend [CNBC] New Covid variant first found in UK could become dominant strain in U.S. by March, CDC says [Reuters] U.S. [...]

Please join Doug Noland and David McAlvany this Thursday, January 21st, at 4:00pm Eastern/ 2:00pm Mountain time for the Tactical Short Q4 recap conference call, “Managing in a Mania.” Click [...]

New Year Begins with Significant Market Shifts Hard Assets Insights has returned after a bit of a hiatus, although we have been watching the current economic and market landscape with incredible fascination. It seems [...]

[Yahoo/Bloomberg] Stocks, Yields Fall as Reflation Trade Sputters: Markets Wrap [Yahoo/Bloomberg] U.S. Retail Sales Post Surprise Monthly Drop to Cap Dismal Year [Reuters] U.S. producer prices increase moderately in December [CNBC] Covid live updates: Officials [...]

[Yahoo/Bloomberg] Treasury Yields Rise on Aid Report; Stocks Advance: Markets Wrap [Reuters] Stimulus helps stocks shrug off impeachment chaos [Yahoo/Bloomberg] Chinese Stocks Fall Most Since September, Pulling Back From 13-Year High [Reuters] Dollar holds gains [...]

[Yahoo/Bloomberg] U.S. Stocks Slip While Dollar Strengthens: Markets Wrap [Yahoo/Bloomberg] Dollar Climbs; Europe Stocks Fluctuate: Markets Wrap [CNBC] U.S. consumer prices increase in December [Yahoo/Bloomberg] Fed Talk of Taper Rekindles Specter of Wrenching 2013 Tantrum [...]

[Yahoo/Bloomberg] U.S. Stocks Churn Higher as Dollar Steadies: Markets Wrap [Reuters] Global Markets - Stocks pause for breath as bond selloff extends [Reuters] Oil hits 11-month high as Saudi cut supports [Yahoo/Bloomberg] Worsening U.S.-China Tensions [...]

[Yahoo/Bloomberg] Dollar Rises as Stocks Retreat: Markets Wrap [Reuters] Stocks slip on virus fears, dollar hits highest in 2-1/2 weeks [Yahoo/Bloomberg] Gold Steadies After Treasury Yields Drop Amid Investor Caution [Reuters] Oil falls on [...]

[AP] In wake of Capitol riot, Americans struggle for answers [Yahoo/Bloomberg] The Inflation Debate That’s Roiling U.S. Markets Faces 2021 Test [Yahoo/Bloomberg] Resilience Test Awaits Emerging Markets Unnerved by Treasuries [Reuters] New coronavirus variant found [...]

[AP] Democratic wins could strengthen Biden’s legislative push [CNN] More states report climbing Covid-19 numbers as CDC chief warns US Capitol riot was a likely 'surge event' [Yahoo/Bloomberg] Fastest Rally in History Takes Emerging-Market Stocks [...]

Fragility. Last year exposed myriad fragilities. The U.S. stock market went from all-time highs to an emergency FOMC meeting in ten sessions. The S&P500 lost more than a third of its value in just 21 [...]

[Yahoo/Bloomberg] Stocks Rise as Grim Jobs Data Spur Stimulus Bets: Markets Wrap [Reuters] Shares soar on hopes of global recovery, U.S. stimulus [Yahoo/Bloomberg] Treasury Yield Surge Rattles Emerging-Market Currencies in Asia [CNBC] Economy sees [...]

[Yahoo/Bloomberg] U.S. Stocks Rise as Congress Certifies Biden’s Presidency [Yahoo/Bloomberg] Stocks Extend Gains as Investors Focus on Stimulus: Markets Wrap [MarketWatch] U.S. trade deficit widens 8% in November [Reuters] U.S. weekly jobless claims unexpectedly fall [...]

[Reuters] Treasury yields soar, tech stocks crumble on possible Georgia 'blue sweep' [Yahoo/Bloomberg] Treasury Yields Reach 1%; Nasdaq Tumbles: Markets Wrap [Reuters] Dollar hits lowest since March 2018 on Democrat gains in U.S. senate election [...]

[Yahoo/Bloomberg] U.S. Stocks Slip With Europe; Dollar Drops: Markets Wrap [Yahoo/Bloomberg] Gold Near Eight-Week High as Covid Angst Fires Up Haven Demand [AP] Decision day in Georgia with Senate majority at stake [Yahoo/Bloomberg] Markets Brace [...]

[Yahoo/Bloomberg] U.S. Stocks Rise With Europe; Gold Jumps: Markets Wrap [Yahoo/Bloomberg] Dollar Stumbles Into 2021 as Bets on Global Recovery Dominate [Yahoo/Bloomberg] Gold Roars Out of Blocks in 2021 as Real Yields, Dollar Decline [Reuters] [...]

[Reuters] U.S. Senate control, and Biden's agenda, at stake as Georgia runoff elections loom [AP] Congress opening new session as virus, Biden’s win dominate [AP] The Latest: US virus death toll hits 350,000; surge feared [...]

[Reuters] A record three million early votes cast in Georgia's U.S. Senate runoff races [CNBC] The legacy of 2020: Riches for the wealthy and White, financial pain for others [CNBC] China says it will [...]

Over 350,000 Americans dead, with the Covid death toll projected to rise another 150,000 by the end of January. Confirmed Covid cases have exceeded 20 million (84 million globally), ending 2020 with new U.S. infections [...]

[Reuters] U.S. stocks in 2020: a year for the history books [CNBC] Politics will be front and center as a catalyst in the first week of the new year [AP] Shutdown, impeachment, virus: Chaotic Congress [...]

[Yahoo/Bloomberg] Stocks Steady Near All-Time Highs; Dollar Dips: Markets Wrap [Yahoo/Bloomberg] Gold Heads for Best Year in a Decade With Dollar on the Ropes [Reuters] Dollar sucked into downward spiral by U.S. twin deficits [Yahoo/Bloomberg] [...]

[Yahoo/Bloomberg] U.S. Stocks Rebound, Dollar Weakens: Markets Wrap [Reuters] Stocks rise into year-end on 2021 recovery hopes [Reuters] Dollar slumps as bears shrug off U.S. stimulus delay [Yahoo/Bloomberg] Drive for $2,000 Checks Bogs Down Senate [...]

[Reuters] Global stocks, oil lead risk rally on U.S. stimulus hopes [Yahoo/Bloomberg] U.S. and Global Stocks Ride the Stimulus Wave: Markets Wrap [Yahoo/Bloomberg] Gold Climbs After House Backs Trump’s Call for $2,000 Checks [Reuters] Dollar [...]

[Yahoo/Bloomberg] Stocks Climb; Treasuries Retreat: Markets Wrap [Yahoo/Bloomberg] Gold Set for Best Close in Seven Weeks as Trump Signs Stimulus [Yahoo/Bloomberg] Alibaba Antitrust Fears Drive $200 Billion Chinese Tech Selloff [AP] Trump signs massive measure [...]

[Reuters] U.S. jobless benefit cut-off pushes millions to financial cliff-edge [SFGate] California now has the worst COVID-19 spread in US [Yahoo/Bloomberg] Bond Traders Close Out Chaotic Year With Key 1% Level in Sight [Yahoo/Bloomberg] Volatility [...]

[Yahoo/Bloomberg] Year of the Meme Stock: Hertz, Kodak Top List of 2020 Highlights [Reuters] U.S. holiday retail sales rise 3% as online shopping booms- Mastercard report [Reuters] Millions of Americans lose jobless benefits as [...]

For the Week: The S&P500 slipped 0.2% (up 14.6% y-t-d), while the Dow was little changed (up 5.8%). The Utilities declined 0.9% (down 2.9%). The Banks jumped 3.1% (down 15.0%), and the Broker/Dealers gained 1.9% [...]

[Reuters] Politics blunts Christmas as U.S. government shutdown nears, COVID-19 aid uncertain [Reuters] Many just want a hug for Christmas this year, Queen Elizabeth says [Yahoo/Bloomberg] Pope Calls on World Leaders to Share Vaccines: Virus [...]

[Yahoo/Bloomberg] U.S. Stocks Rise; Pound Gains on Brexit Deal Hope: Markets Wrap [Reuters] Brexit deal anticipation fuels stocks and sterling [CNBC] GOP blocks House Democrats’ attempt to pass $2,000 stimulus checks after Trump voices support [...]

[Yahoo/Bloomberg] U.S. Stocks Climb With Europe; Dollar Dips: Markets Wrap [Reuters] Trump threatens to not sign COVID-19 bill, wants bigger stimulus checks [AP] Trump threatens to torpedo COVID relief with new demands [Reuters] Weekly jobless [...]

[Reuters] Stocks recover as U.S. stimulus offsets angst over new coronavirus strain [Reuters] Spread of virus mutation keeps euro and pound under pressure [Yahoo/Bloomberg] Oil Extends Loss With Virus Mutation Threatening Energy Demand [CNBC] U.S. [...]

[Reuters] Stocks tumble on fears over new coronavirus strain [Yahoo/Bloomberg] Stocks Slump on Virus Curbs; Bonds Rally: Markets Wrap [Yahoo/Bloomberg] Pound Plummets as Virus Threatens U.K.’s Supply Chains With EU [Reuters] World closes borders to [...]

[Reuters] Congress poised to vote on COVID aid package after Fed compromise [CNBC] Covid live updates: Stimulus deal in reach after Fed compromise; Moderna vaccine shipping soon [Mint/Bloomberg] Britain warns new Covid-19 virus strain 'out [...]

The Markets Think Better Times Are Ahead Financial markets remain ebullient as they make all-time new highs coming into the holiday season and year-end. Optimism around the rollout of the COVID-19 vaccine has fueled [...]

[Reuters] Congress works through the weekend to finalize COVID aid package [CNBC] Pain, despair and poverty reach fever pitch for unemployed workers [Reuters] Fed sees 'strong capital levels' at banks after stress tests, greenlights share [...]

Federal Reserve Assets surged $120 billion last week to a record $7.363 TN. Fed Assets inflated $3.593 TN, or 95%, over the past 66 weeks. M2 “money” supply surged $228 billion in this week’s report [...]

[Yahoo/Bloomberg] Stocks Steady After S&P Record; Dollar Rebounds: Markets Wrap [AP] Global stock markets edge up on US stimulus hopes [Yahoo/Bloomberg] Oil Near Highest Level Since February With Bumper Rally Pausing [Reuters] U.S. current account [...]

[Yahoo/Bloomberg] Stocks Rise With Weak Data Fueling Aid-Deal Bets: Markets Wrap [Reuters] Stimulus hopes boost stocks to record; bitcoin soars [Reuters] Dollar gets global beating as stimulus, Brexit boost risk appetite [Yahoo/Bloomberg] Gold Bulls Take [...]

[Reuters] Stocks hit record highs on vaccine, stimulus, Brexit deal hopes [Yahoo/Bloomberg] Pound, Euro Rise to Multi-Year Highs on Brexit Hope, Weak Dollar [CNBC] U.S. retail sales decrease more than expected in November [CNBC] McConnell [...]

[Yahoo/Bloomberg] U.S. Stocks Rebound After Four-Day Slump: Markets Wrap [Reuters] Wall Street rises on stimulus hopes; Fed meet in focus [Reuters] Dollar heavy amid stimulus progress, pound buoyed by Brexit hopes [Yahoo/Bloomberg] Gold Climbs as [...]

[Yahoo/Bloomberg] Stocks Set Bullish Tone as Pound Surges: Markets Wrap [Reuters] Dollar falls; sterling up 1.5% as Brexit deal hopes lift risk appetite [Reuters] Oil prices edge up on hope vaccines will improve fuel demand [...]

Market Shift – Rotation Into Value? Negotiations around a fiscal stimulus package drag on, and COVID cases continue to rise – as expected into winter. The financial markets have been experiencing a great deal [...]

[Reuters] Historic U.S. COVID vaccine campaign launches with convoy of trucks [CNBC] Coronavirus live updates: Vaccine doses are shipping to all 50 states with delivery expected Monday [Reuters] Leaders to push Brexit trade talks beyond [...]

[Reuters] U.S. FDA authorizes Pfizer COVID-19 vaccine for emergency use [Yahoo/Bloomberg] IPO Mania Sweeps Over Robinhood Crowd and Stokes a 111% Rally [CNBC] Texas governor says companies moving headquarters to the state has turned into [...]

Airbnb traded to $165 in early Thursday trading, more than doubling its Wednesday evening $68 IPO price – valuing the company north of $100 billion. After pricing its IPO shares [...]

[Yahoo/Bloomberg] Stocks Slump, Dollar Rebounds Amid Risk-Off Mood: Markets Wrap [Reuters] Dollar ends three weeks of decline as Brexit sours sentiment [CNN] Congress stumbles on a Covid-19 aid package as vaccine approval passes a key [...]

[Yahoo/Bloomberg] Stocks Drop, Bonds Rise Amid Stimulus Talks: Markets Wrap [Yahoo/Bloomberg] Pound Drops After Leaders Dinner Fails to Break Brexit Impasse [Yahoo/Bloomberg] U.S. Jobless Claims Jump More Than Forecast Amid New Shutdowns [Yahoo/Bloomberg] U.S. Inflation [...]

[Yahoo/Bloomberg] Stocks Rise, Bonds Dip Amid Hope for Stimulus Deal: Markets Wrap [Reuters] U.S. House to take up one-week stopgap bill as COVID-19 talks drag on [CNBC] Mortgage rates set 14th record low of the [...]

[Yahoo/Bloomberg] Stocks Drop as Virus Cases Rise: Markets Wrap [Reuters] Stocks take a breather, Brexit weighs down sterling [Yahoo/Bloomberg] McConnell Refuses to Endorse Bipartisan Stimulus, Risking Deal [Reuters] U.S. Congress to vote on stopgap [...]

[Yahoo/Bloomberg] Stocks Slide as Pound Drops on Brexit Deadlock: Markets Wrap [Reuters] Stocks ease as Sino-U.S. tensions heat up, fiscal deal awaited [Reuters] Dollar near 2018 lows as traders eye more US stimulus; sterling sheds [...]

[Reuters] Most of California to be under stay-at-home orders as COVID-19 surges [CNN] Tens of millions in California under stay-at-home order starting Sunday night [Yahoo/Bloomberg] Year’s Final Stretch to Be a Lively One: U.S. Credit [...]

[AP] California on the brink: Virus rages and closures imminent [Reuters] Wall Street Week Ahead: After blazing energy rally, investors check the fuel gauge [Reuters] Federal student loan payments suspended until end of January [Reuters] [...]

November non-farm payrolls gained 245,000, only about half the mean forecast – and down from October’s 610,000. It was the weakest job growth since April’s employment debacle. U.S. equities rallied on the disappointing news. A [...]

The Markets Grow Hopeful As optimism grows around the rapid approval and distribution of a COVID-19 vaccine, the markets grow increasingly confident. They continue to climb the proverbial “wall of worry” despite mixed to [...]

[Yahoo/Bloomberg] Stocks Higher After November Jobs Report: Markets Wrap [Reuters] Dollar hits two-and-a-half-year low on risk-on trades, shares buoyant [CNBC] Employment growth slows sharply in November amid coronavirus surge [Reuters] Analysis: As stocks soar, government [...]

[Yahoo/Bloomberg] Global Stocks Edge Up to Record Highs; Dollar Dips: Markets Wrap [Reuters] S&P 500 flat as vaccine cheer offsets high jobless claims [Yahoo/Bloomberg] Dollar Is Dropping to Multi-Year Lows Against Peers, One by One [...]

[Yahoo/Bloomberg] U.S. Stocks Dip; Pound Slides on Brexit Angst: Markets Wrap [Reuters] Dollar clambers off two-and-a-half-year low, risk currencies take breather [Reuters] U.S. private payrolls miss expectations in November: ADP [CNBC] Mortgage demand from homebuyers [...]

[Yahoo/Bloomberg] Stocks Bounce Back; Dollar Slips: Markets Wrap [Reuters] After 4.2 million COVID-19 cases in November, U.S. pins hope on vaccine [CNN] Biden readies major stimulus push and flurry of executive actions in first 100 [...]

[CNBC] Stocks fall as Wall Street is set to wrap up a historic November [Reuters] Shares take a breather after stellar month, China data upbeat [Yahoo/Bloomberg] Dollar’s Slump Thrusts Currency Peers to Brink of New [...]

[CNBC] Congress stalled on stimulus talks and time is running out as millions face a ‘benefits cliff’ [CNBC] Black Friday shopping in stores craters 52% during pandemic as e-commerce sales surge [Yahoo/Bloomberg] Eerie Calm in [...]

[AP] With no action by Washington, states race to offer virus aid [CNBC] Los Angeles issues stay-home order as coronavirus cases surge out of control [Yahoo] The US could face an 'apocalypse’ by Christmas as [...]

Feeling More Secure, Investors Take On More Risk As we digest our Thanksgiving turkey, we are also digesting what has become a significant market rotation. At least some of the near-term certainty around the [...]

The U.S. Goods Trade Deficit jumped to a then record $76 billion back in July 2008. A few short months later, financial chaos unleashed the “great recession” economic crisis. Traditionally, large trade deficits are evidence [...]

[Reuters] Stocks edge higher after Thanksgiving holiday [Yahoo/Bloomberg] Caution Sets in for Stock Market; Treasuries Climb: Markets Wrap [Reuters] Dollar edges down, set for weekly loss; kiwi having best month since 2013 [Yahoo/Bloomberg] Oil Rally [...]

[Yahoo/Bloomberg] Stock Rally Pauses as European Cyclicals Retreat: Markets Wrap [Reuters] World shares hold close to record highs; U.S. markets close for Thanksgiving [Yahoo/Bloomberg] Bitcoin Plunges Along With Other Coins [Reuters] America celebrates scaled-back Thanksgiving [...]

[AP] Global stocks edge lower after Dow crests 30,000 [Reuters] Dollar under pressure as risk appetite stages a comeback [Yahoo/Bloomberg] Stocks on Track for Record Month; Treasuries Dip: Markets Wrap [Axios] Scoop: Israeli military prepares [...]

[Reuters] Stocks rise as Biden transition, vaccine progress lift confidence [Yahoo/Bloomberg] Cyclicals Lead Global Stocks Higher; Dollar Drops: Markets Wrap [Reuters] Oil hits highest since March collapse on vaccine, Biden transition [Reuters] ‘We’re drowning’: COVID [...]

[Yahoo/Bloomberg] U.S. Stocks Rise on Vaccine Hopes; Dollar Weakens: Markets Wrap [Reuters] Vaccine progress lift stocks, dollar still sickly [Reuters] Dollar Falls to 2018 Lows as Vaccine Progress Fuels Risk Demand [Reuters] Oil prices extend [...]

[CNN] Nearly a quarter of all the coronavirus cases in the US were reported in November [Yahoo/Bloomberg] Busy Week for U.S. Economy Builds to Black Friday: Eco Week [Yahoo/Bloomberg] ‘Big War’ in Bonds Escalates as [...]

[Reuters] G20 to discuss post-pandemic world, back debt relief [Reuters] Mnuchin clawback of Fed funds 'deeply irresponsible,' Biden team says [Reuters] Analysis: Fed faces ill political winds as Biden prepares for White House [Reuters] Explainer: [...]

November 18 – Reuters (Rodrigo Campos): “Global debt is expected to soar to a record $277 trillion by the end of the year as governments and companies continue to spend in response to the COVID-19 [...]

[Yahoo/Bloomberg] Stocks Mixed; Europe Stocks Rise on Cyclicals: Markets Wrap [Reuters] Stocks gains curbed by end of Fed stimulus, virus concerns [Yahoo/Bloomberg] Mnuchin-Powell Split Shows Rare Discord as Economy Struggles [Yahoo/Bloomberg] ‘Scary’ Winter of Lockdowns [...]

[Yahoo/Bloomberg] U.S. Stock Rise; Bitcoin Tops $18,000: Markets Wrap [Reuters] Dollar under pressure as vaccine hopes get tested [Yahoo/Bloomberg] China’s Credit Jitters Deepen a Selloff in Government Bonds [AP] Pfizer: COVID-19 shot 95% effective, seeking [...]

[Yahoo/Bloomberg] Global Stocks Fall on Virus Angst; Pound Gains: Markets Wrap [Reuters] S&P, Dow retreat as coronavirus cases spike; Tesla surges [Reuters] Dollar nurses losses amid worries about second coronavirus wave, Biden transition [Reuters] U.S. [...]

[Yahoo/Bloomberg] U.S. Stocks Rise on Vaccine News; Bonds Decline: Markets Wrap [Reuters] World stocks head for record high on recovery, vaccine hopes [Reuters] Moderna trial success gives world more hope in race to end pandemic [...]

[AP] ASEAN, China, other partners sign world’s biggest trade pact [Politico] An Unprecedented Election—and Its Bitter Aftermath—Seen from Across the Country [AP] Violent clashes in DC after Trump backers’ election protest [Yahoo/Bloomberg] Asian Borrowers Close [...]

[CNBC] U.S. reports record Covid hospitalizations as states roll out restrictions ahead of holidays [Reuters] Wall Street Week Ahead: Stock investors cast wary eye on yield rally [Reuters] Biden aide says no U.S.-wide COVID lockdown [...]

The “average stock” Value Line Arithmetic Index jumped 6.4% for the week. The NYSE Arca Oil Index surged 19.8%, with the Philadelphia Oil Services Index up 17.4%. The KWB Bank Index rose 11.5%, as the [...]

Here’s the news of the week – and how we see it here at McAlvany Wealth Management: Turbulence in the Face of Uncertainty Last week’s volatility spilled into this week as earnings season wound [...]

[Reuters] Futures bounce back as Cisco, Disney jump after results [Reuters] Global stocks flatline, bond yields slide as caution replaces vaccine euphoria [Reuters] Oil falls on coronavirus surge but on track for weekly gain [Yahoo/Bloomberg] [...]

[CNBC] Stocks lower after Nasdaq’s comeback session [Yahoo/Bloomberg] Global Equity Rally Slows as Treasuries Advance: Markets Wrap [Reuters] Stocks bulls halt their charge [Reuters] Dollar dips, euro bumps higher as sentiment see-saws [Reuters] Shanghai overnight [...]

[Reuters] Nasdaq rises 1% as tech stocks snap back [Reuters] Stocks up as vaccine shields against second-wave worries [Reuters] Dollar gains back strength as vaccine optimism wanes [AP] Bidenomics: More stimulus, tougher regulation, and [...]

[Reuters] S&P 500 dips after vaccine news rally [Yahoo/Bloomberg] Global Stock Rally Tempers After Vaccine Euphoria: Markets Wrap [Reuters] Biden may face pressure to reshape Powell's Fed in first year [Reuters] Central bankers seek new [...]

[Yahoo/Bloomberg] Stocks Surge as Pfizer Vaccine Study Adds to Biden Win [Yahoo/Bloomberg] Lockdown Winners Fade as Reopen Trade Roars After Covid Data [Reuters] Banks, airlines surge after Pfizer COVID-19 vaccine news [Reuters] Oil Jumps by [...]

[AP] Biden promotes unity, turns to business of transition [Reuters] Biden returns to battle another economic crisis, but it's no Great Recession [Reuters] Analysis: Clouds gather over battered dollar in aftermath of U.S. election\ [Yahoo/Bloomberg] [...]

[Reuters] Wall Street Weekahead: Small caps join market rally but pandemic could derail them [CNBC] McConnell and Pelosi are once again at odds over the size of a coronavirus stimulus package [Reuters] U.S. daily coronavirus [...]

We’ve grown accustomed to the “new normal”: Stock market ebullience even as the country suffers through a distressing confluence of hardships. The S&P500 surged 7.3% this week, the strongest weekly advance since April. Though the [...]

Here’s the news of the week – and how we see it here at McAlvany Wealth Management: Biden – Good for Oil? As we write this, it is indeed Groundhog Day in the sense [...]

[AP] Biden ahead in Georgia, Pennsylvania; Trump attacks process [Reuters] Stocks mixed as balance tilts to Biden in U.S. election [Reuters] Dollar steadies, but more losses seen on post-election policy outlook [Yahoo/Bloomberg] Gold Set for [...]

[Yahoo/Bloomberg] Tech Rebound Powers Stocks Higher; Treasuries Rise: Markets Wrap [Reuters] Dollar set for biggest three-day drop since March before Fed decision [Reuters] Gold bounces on dollar retreat as markets weigh prospect of Biden win [...]

[Reuters] With U.S. presidential election too close to call, Biden bats away Trump victory claim [Yahoo/Bloomberg] Trump-Biden Election Fight May Be Too Close to Call for Days [Politico] What you need to know about the [...]

[CNBC] Dow futures rise more than 100 points ahead of U.S. Election Day [Reuters] Asian shares in broad-based rally on eve of U.S. election [Reuters] Oil falls as COVID-19 cases soar, Libya output jumps [Axios] [...]

[Yahoo/Bloomberg] Stocks Surge and Dollar Drops on U.S. Election Day: Markets Wrap [Reuters] Dollar dips to price Biden win on U.S. election day [Reuters] European shares rise as investors bet on clear Biden poll win [...]

[Yahoo/Bloomberg] Mideast Stocks Slump on Lower Oil, U.S. Election Risk: Inside EM [AP] GOP tries to save its Senate majority, with or without Trump [Yahoo/Bloomberg] U.S. Faces Biggest Week of 2020 With Election, Fed, Jobs [...]

[CNBC] Election 2020 live updates: Trump barnstorms Pennsylvania, Biden and Obama campaign in Michigan as campaign enters final weekend [Reuters] Wall Street Week Ahead: Big tech stocks may face post-election headwinds, no matter who [...]

We’re now only a few days from the most pivotal of elections. Meanwhile, new U.S. Covid infections have surged to pandemic highs (Friday surpassing 100,000 on worldometers), with the virus running rampant throughout the country. [...]

Here’s the news of the week – and how we see it here at McAlvany Wealth Management: A Difficult Week An ebullient market environment has rapidly turned chaotic. The confluence of new COVID lockdowns [...]

[Yahoo/Bloomberg] Stocks Drop on Tech Worry; Europe Stocks Waver: Markets Wrap [Reuters] World stocks take fresh dip as COVID infection rate weighs [Yahoo/Bloomberg] Oil Set for Worst Month Since March as Virus Revival Cuts Travel [...]

[Reuters] Global stocks steady after second-wave turmoil [Yahoo/Bloomberg] U.S. Stocks Higher After GDP, Jobs Data: Markets Wrap [Yahoo/Bloomberg] Oil Falls to Four-Month Low as Renewed Lockdowns Menace Demand [Reuters] Dollar extends gains, commodity currencies slump, [...]

[Yahoo/Bloomberg] Europe Stocks Tumble to 5-Month Low; U.S. Stocks Slide: Markets Wrap [Reuters] Global stocks sink as coronavirus lockdowns loom [Yahoo/Bloomberg] Oil Slumps With Europe’s Coronavirus Restrictions Growing [Yahoo/Bloomberg] Europe Is Leading the Way Down [...]

[CNBC] Stocks rise as market tries to rebound from Monday’s big sell-off [Reuters] Dollar struggles as U.S. election uncertainty offsets COVID-19 concerns [Reuters] White House says COVID-19 aid deal seen 'in coming weeks' [CNBC] Home [...]

[Reuters] Stocks dip on surging virus cases, stimulus doubts [Yahoo/Bloomberg] Tech Leads Retreat in Stocks; Dollar Strengthens: Markets Wrap [Reuters] Turkish lira hits new lows on policy, geopolitical concerns [Yahoo/Bloomberg] Oil Slumps Below $39 on [...]

[Yahoo/Bloomberg] Saudi Index Drops Most Since May in Final-Hour Slump: Inside EM [AP] Surging coronavirus colors White House race in closing days [Reuters] U.S. disease expert Fauci says vaccine verdict due by early December [Yahoo/Bloomberg] [...]

[Yahoo Finance] How the 6 swing states will play in the election and in the markets [CNN] Daily Covid-19 cases will hit six digits soon, expert warns, as US reports a one-day high of more [...]

A most pivotal election is now only 10 days away. Joe Biden has a commanding lead in the polls. Moreover, betting sites are indicating rising odds of the Democrats taking control of the Senate (PredictIt: [...]

Here’s the news of the week – and how we see it here at McAlvany Wealth Management: Watching the Horizon Through Rough Waters Once in a while, we will take our morning coffee and [...]

Tactical Short Strategy Conference Call - October 22, 2020 Disclaimer: Advisory services are offered by McAlvany Wealth Management, an investment adviser registered with the U.S. Securities and Exchange Commission. The comments [...]

[Yahoo/Bloomberg] U.S. Stocks Fluctuate With Intel Taking Tech Lower: Markets Wrap [Reuters] Global stocks bide time as U.S. election caution sets in [Reuters] Oil above $42 as possible OPEC+ cut extension offsets demand concern [Yahoo/Bloomberg] [...]

[Reuters] Global markets: Sentiment sapped by COVID surge, stimulus stalemate [Yahoo/Bloomberg] Stocks Drop, Dollar Gains on Election Interference: Markets Wrap [Yahoo/Bloomberg] Lira Tumbles After Central Bank Defies Rate-Hike Bets [Reuters] Oil struggles to recover after [...]

[Reuters] Stocks mixed as investors focus on U.S. stimulus [Yahoo/Bloomberg] Treasuries Slump With Dollar Amid Stimulus Bets: Markets Wrap [Reuters] Yuan hits 27-month high on PBOC guidance, upbeat data [CNBC] Mortgage demand from homebuyers falls [...]

[Reuters] Wall Street gains as deadline for fresh stimulus looms [Yahoo/Bloomberg] Oil Slides With OPEC+ Warning of Precarious Market Outlook [Reuters] Pelosi, Mnuchin push coronavirus relief talks as U.S. Senate votes on limited bill [Yahoo/Bloomberg] [...]

[CNBC] Stocks rise as traders weigh rising coronavirus cases, U.S. stimulus talks [Reuters] Vaccine hopes drive stocks higher on 'Black Monday' anniversary [CNBC] Treasury yields jump amid renewed stimulus hopes [Reuters] Time’s up: After a [...]

[Reuters] U.S. Speaker Pelosi says differences remain on testing language in coronavirus relief [Reuters] Senate to vote this week on 'skinny' pandemic relief bill, PPP funds [Reuters] Fed officials call for tougher regulation to prevent [...]

[Reuters] Coronavirus spending pushes U.S. 2020 fiscal year deficit to record $3.132 trillion [CNBC] U.S. is staring down a ‘substantial third wave’ of coronavirus cases. Here are the numbers [Yahoo/Bloomberg] U.S. Adds Most Cases Since [...]

Here’s the news of the week – and how we see it here at McAlvany Wealth Management: Backing and Filling Before the Election Earnings season kicked off this week. However, the real focus for [...]

Please join Doug Noland and David McAlvany this Thursday, October 22nd, at 4:00pm Eastern/ 2:00pm Mountain time for the Tactical Short Q3 recap conference call, “Managing Short Exposure in Extreme Uncertainty.” Click here to register. [...]

[Reuters] Stocks climb on vaccine hopes, upbeat retail sales data [Reuters] Markets on edge as pandemic resurgence meets U.S. stimulus hopes [Reuters] Oil falls as possible OPEC+ supply boost, COVID-19 spike weigh on sentiment [Reuters] [...]

[Yahoo/Bloomberg] Stocks Sink on Despair Over Stimulus, Virus Curbs: Markets Wrap [Reuters] Europe tumbles 2% on COVID curbs and Brexit impasse [Reuters] Oil slides as new lockdown measures threaten demand recovery [CNBC] Jobless claims jump, [...]

[Reuters] Shares steady with U.S. bank earnings in sight [Reuters] Oil under pressure as coronavirus spike stokes demand concerns [Reuters] U.S. producer prices accelerate in September [CNBC] Mortgage rates set yet another record low, [...]

[Yahoo/Bloomberg] Stocks Edge Lower as Earnings Roll In; Bonds Gain: Markets Wrap [Reuters] Shares struggle as coronavirus overshadows China data [Reuters] U.S. consumer prices slow in September [Reuters] U.S. small business confidence at highest since [...]

[Reuters] Stimulus bets prop up S&P, Nasdaq [Reuters] Stocks boosted by stimulus hopes and China's post-holiday surge [Reuters] Yuan set for biggest daily fall since March; dollar index edges up [Reuters] Oil prices extend losses [...]

[Reuters] Wall Street Week Ahead: U.S. earnings improvement expected, but still a weak quarter [Yahoo Finance] Earnings season starts with big banks: What to know in the week ahead [Yahoo/Bloomberg] The Next Big Shift [...]

[Yahoo/Bloomberg] Trump’s Hurdles to Stimulus Climb After Abrupt Tactical Shift [Reuters] U.S. COVID-19 cases hit two-month high, 10 states report record increases [CNBC] Tight race between Joni Ernst and Theresa Greenfield in Iowa could determine [...]

Please join Doug Noland and David McAlvany Thursday, October 22nd, at 4:00PM Eastern/ 2:00pm Mountain time for the Tactical Short Q3 recap conference call, “Managing Short Exposure in Extreme Uncertainty.” Click here to register. The [...]

Here’s the news of the week – and how we see it here at McAlvany Wealth Management: Sorrows Come Not Single Spies, but in Battalions The World Bank projects that global growth will decline [...]

[Yahoo/Bloomberg] U.S. Stocks Rise as Stimulus Talks Weighed: Markets Wrap [Reuters] Stocks surge as hopes grow for U.S. stimulus [Reuter] Dollar falls as likelihood of a Biden victory grows; yuan gains [Yahoo/Bloomberg] White House Open [...]

[Yahoo/Bloomberg] Stocks Advance on Stimulus Hopes; Dollar Weakens: Markets Wrap [Yahoo/Bloomberg] Oil Gains Above $40 With Hurricane Delta Threatening Gulf Output [Yahoo/Bloomberg] Trump Touts Progress in Stimulus Talks Days After Spiking Them [Reuters] U.S. [...]