Weak rebound, weak
S&P 500 decline on the disappointing CPI – especially core inflation points at more to come, and the better PPI figures don't make up for that. So, stocks reversed sharply lower - but not before our profitable long position was closed - and the tone for the rest of the week was set. Friday though was marked by buying the dip in the second half of the session, and the risk-on turn in bonds facilitated that.
Housing is the best leading indicator, and so many metrics beyond the unsold inventory are pointing to trouble ahead spilling over into other sectors. The second key development of last week were disappointing earnings, namely FedEx missing so badly and guiding lower on claims of worldwide recession – hard to blame them if they look at Europe and hear the permanent deindustrialization warnings, or account for China's slowdown.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Does good news for Polygon really translate to good news for MATICAccording to a recent tweet by Token Terminal, on the 16th of September. Polygon was ranked second in terms of blockchains and DApps with the most daily active users. Alongside multiple collaborations with companies like Coinbase cloud and the introduction of the vix protocol, does the future look bright for Polygon? A Runner-up forever? Coming in […]
Read more »
Gold further screwed in 2022Kitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.
Read more »
Fed will 'collapse' gold price, stocks this week if they do this - Adrian DayAdrian Day, President of Adrian Day Asset Management discusses his outlook on Fed policy, gold, and the economy with David Lin, Anchor for Kitco News at the ...
Read more »
Platinum at a five-week high as markets continue to digest the new European Hydrogen BankKitco News' general-interest stories takes a look at what is making headlines in the marketplace and how that is impacting precious metals prices
Read more »
SocGen maintaining its safe-haven exposure in gold even as price action remains lacklusterKitco News' general-interest stories takes a look at what is making headlines in the marketplace and how that is impacting precious metals prices
Read more »
Gold bulls hold the line before impending rate hikeKitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.
Read more »