Today's topics include previewing tomorrow's payroll report, Treasury volatility & currency hedging costs rising ahead of payrolls report, tariff revenue, job stayers vs. job switchers, debating a sovereign wealth fund in the U.S., timing rate cuts, SF Fed comes to the BLS's defense, and lowering mortgage rates by privatizing the GSEs
Today's topics include hard data vs. soft surveys, European natural gas storage, global yields hitting highest levels in over a decade, estimating the proper level of reserves, Trump administration moving forward with Fed plans, breaking down gold's rise, and profiling U.S. billionaires
Home prices are soaring because of a lack of supply. This cannot be fixed with Fed cuts that would presumably lower mortgage rates. What is needed is more supply, but that risks lowering home prices and creating a financial crisis.
Both bond yields and gold prices have moved markedly higher this year on concerns over fiscal outlooks and inflation.
The Commitments of Traders report enables investors to track changes in positions among various groups of traders/investors.
Today's topics include two roads diverge..., Wall Street sends more bullish signals, gold continues to climb, UK long rates, outlier Mag 7 S&P 500 high, China's equity rally, comments on Fed independence. and household energy costs
While spot crypto ETFs have yet to be tested by a truly brutal bear market, their growth since inception has been remarkable.
Today's topics include Cook 'didn't mean to deceive anyone' & 'no one was harmed', Waller wants to cut rates, will Fed independence impact bond yields?, Miran to vote on September 18?, inflation, foreign stock markets, tariff update, and the VIX.