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Crypto, Crude, & Crap Stocks Rally As Yield Curve Steepens, Rate-Cut Hopes Soar
A weird week of macro data - strong jobless claims but weak labor market data from UMich; housing starts soared but new home sales crashed; rapidly slowing inflation all driven by goods deflation (as crude prices begin rising again). So macro surprises have flatlined for a week or two - even as financial conditions continue to loosen dramatically... chart As Goldman's Chris Hussey notes, "This week we got further data suggesting that we have not only landed softly, but that the principal concern of a successfully soft landing economy -- that growth takes off again, triggering renewed inflation, and prolonging the ... (full story)
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From nasdaq.com|Dec 22, 2023The Canadian dollar strengthened to a near five-month high against its U.S. counterpart on Friday as traders bet that the recent downtrend in the U.S. dollar would continue, and ...
From bnnbloomberg.ca|Dec 22, 2023The dollar’s share in global central-bank reserves dropped in the three months to the end of September, while holdings of the Japanese yen rose, International Monetary Fund data ...
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From cnbc.com|Dec 22, 2023The U.K. is edging closer to recession after revised figures showed the economy shrank in the previous quarter. U.K. gross domestic product (GDP) fell by 0.1% between July and ...
From xm.com|Dec 22, 2023Another devastating year for the Japanese currency is coming to an end. Despite mounting a comeback in recent months, the yen is still on track to close the year with losses of ...
From youtube.com/getknowtrading|Dec 23, 2023
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- Posted: Dec 22, 2023 4:20pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,468
