A reporter on Bloomberg earlier in the week commented that fear was not yet present in the markets. Global stocks have seen enormous selling pressure, but it is not until the hedges and safe-haven assets also trade lower simultaneously that fear is then present. In other words, everything is red. Certainly there may be a […]
If market action on Monday is any indication, the trading week could be a long one. As global markets grapple with the rapid spread of the coronavirus, the markets are now being hit with an oil market sell-off the likes of which has not been seen since the Gulf War. After an OPEC deal failure […]
The global coronavirus has continued to spread, and to spread rapidly. New cases in Italy, Iran and the U.S. have recently fueled a large degree of risk aversion that drove stocks to their worst weekly performance last week since the 2008 financial crisis. This week got off to a much better start, however, as the […]
Stocks are set to open the new trading week Monday lower, sharply lower. The benchmark S&P 500 futures contract is down over 100 points, while the Dow Jones Industrial Average has declined by nearly 1000 points. It is going to be a rough open as stock trading gets going, and there is one primary area […]
As the holiday-shortened trading week gets going Tuesday, investors will be on the lookout for any new developments in the ongoing spread of coronavirus. The weekend has brought few, if any, fresh headlines about the disease. An increase in the rate of infections could, however, be enough to fuel widespread risk aversion and selling in […]
The most noteworthy observation on the financial markets a month and a half into 2020 seems to be the resiliency of US stock markets. No market moving story, and there has been a few of them, can seem to change their trend and direction. To begin the year, we witnessed a US drone strike on […]
The gold market is under moderate selling pressure as stock markets move higher and risk appetite is on the rise. Fed Chairman Jerome Powell told a House of Representatives Financial Services Committee today that the U.S. economy is in a good place, even as he discussed the coronavirus and the long-term health of the economic […]
The stock market is sharply higher Monday as the new trading week gets underway. As stocks rise, global risk aversion is on the decline and perceived safe haven assets such as gold and silver are under selling pressure. Despite gold’s lack of upside today, however, its long-term prospects remain quite bullish. The yellow metal […]
The gold market is gaining further ground as the new trading week gets going. Fears of the coronavirus from China are on the rise, as new cases have been identified and as travel restrictions have been implemented. This week is also the Chinese Lunar New Year Holiday, the biggest Chinese holiday of the year. Authorities […]
Don Coxe famously quipped, “never invest on the basis of a story on Page one, invest on the basis of a story that’s on Page 16─that’s on its way to Page one.” His rationale is simple. The story that’s already made its way to the front page and is top of the headlines is well […]
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