Speed readers to your marks…

Because here’s the anticlimactic event (that’s an assumption because this is written prior to the FOMC release) you’ve been waiting for… September 21, 2022 Federal Reserve issues FOMC statement For release at 2:00 p.m. EDT Recent indicators point to modest growth in spending and production. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting supply … Continue reading Speed readers to your marks…

T-minus 1 day, 4 hours and 42 minutes…

Eggheads assemble, as FOMC meets Ooh, can’t you just cut the tension with a knife? FOMC is going to hike the funds rate by at least .75% tomorrow and according to 18% of CME Fed Funds traders, potentially a full percentage point. The Fed is taking its commands (not direction, not suggestion, not indication, not even demands, but commands) from the bond market seriously. The … Continue reading T-minus 1 day, 4 hours and 42 minutes…

Stock market assigns more power to the Fed than gold bugs do

The stock market is very predictable in its Fed obsession A frustration of dyed in the wool gold bugs is that a debt soaked system moves forward on little more than the confidence that all will remain as it has been. This confidence focuses on the Federal Reserve and it’s ability to inflate the system when needed. But the flip side of that ‘in the … Continue reading Stock market assigns more power to the Fed than gold bugs do

Media Jawbone of all Jawbones…

“All eyes are on Powell’s widely anticipated 10 a.m. ET speech at the central bank’s annual symposium in Wyoming.” Oh really, Mr. MSFM article? Really? All eyes are on Powell at Jackson Hole? Click the image if you want to have the article harvest your eyeballs for an event that should be already factored by the markets, but appears to be an excuse for summer … Continue reading Media Jawbone of all Jawbones…

FOMC: Speed readers on your marks…

Hot off the press… Recent indicators of spending and production have softened. Nonetheless, job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher food and energy prices, and broader price pressures. Russia’s war against Ukraine is causing tremendous human and economic hardship. The war and related events … Continue reading FOMC: Speed readers on your marks…

Hussman’s latest: Are we there yet?

John Hussman’s July market comment Are We There Yet? I have not read ole’ Doc Hussman in years but I’ve had him linked at this site for many years and this morning took a look at his latest article. Same old Doc. Outstanding financial market realism. When the collapse comes (and I suspect it will), don’t blame Fed tightening for bursting the bubble. Once “bubble” … Continue reading Hussman’s latest: Are we there yet?

FOMC

Overall economic activity appears to have picked up after edging down in the first quarter. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher energy prices, and broader price pressures. The invasion of Ukraine by Russia is causing tremendous human and economic hardship. The invasion and … Continue reading FOMC

A pivotal juncture for gold, gold stocks

Another hot CPI fails to suppress gold With FOMC on tap with an upcoming .5% rate hike, gold got hammered and bounced back with a vengeance on ‘CPI’ Friday. The Fed will raise the Funds Rate at least .5% next week. So says not me, but the wise guys whose job it is to correctly anticipate FOMC policy. Indeed, a full 20% of CME traders … Continue reading A pivotal juncture for gold, gold stocks