Commodities

Jump in Yields Didn't Derail Equity Rally While Sterling Rallies Ahead of the Weekend on (misplaced) Brexit Optimism

The most striking thing about last week's price action was the surge in US yields.  The 10-year yield jumped about 34 basis points, the most in three years and returned to levels not seen since August 2 (1.90%).  A deluge of investment-grade corporate bonds and US Treasuries ($78 bln auctione ...

Six Things to Watch in the Week Ahead

The prospect of a third trade truce between the US and China helped underpin the optimism that extended the rally in equities.  Bond yields continued to back-up after dropping precipitously in August, led by a more than  30 bp increase in the US yield benchmark.  The Dollar Index fell for th ...

Week ahead – Central banks the only game in town

Brexit, Fed and trade war remain in focus For many months now, all of the attention has been on the trade war, Brexit and central bank easing. Next week is going to be no different as the UK Supreme Court rules on Boris Johnson’s prorogation of Parliament, talks continue ahead of a meeting betwee ...

Gold Higher on US dollar Softness

Gold prices rose back above the key $1,500 level on Friday as the U.S. dollar slipped on the back of a strong euro, though hopes for a thaw in Sino-U.S. trade tensions supported equity markets, capping bullion’s gains. Spot gold was up 0.6% to $1,507.96 per ounce as of 1156 GMT, up marginally ...

CWS Market Review – September 13, 2019

“The Federal Reserve should get our interest rates down to ZERO, or less, and we should then start to refinance our debt.” – President Trump So tweeted the President of the United States. He might get his wish. Circle your calendars for next Wednesday, September 18. That’s when the Federal ...

CWS Market Review – September 13, 2019

“The Federal Reserve should get our interest rates down to ZERO, or less, and we should then start to refinance our debt.” – President Trump So tweeted the President of the United States. He might get his wish. Circle your calendars for next Wednesday, September 18. That’s when the Federal ...

Bonds and the Dollar Remain Heavy Ahead of the Weekend

Overview:  The markets are digesting ECB's actions and an easing in US-Chinese rhetoric.  Next week features the FOMC meeting and three other major central banks (Japan, Switzerland, and Norway).  The US equity rally that saw the S&P 500 edge closer to the record high set in late July spille ...

Tech Talk for Friday September 13th 2019

  StockTwits released yesterday @EquityClock Palladium ETN $PALL moved above $150.64 extending an intermediate uptrend. Responding to general strength this morning in precious metal prices. Industrial SPDRs $XLI moved above $79.07 to an all-time high extending an intermediate uptrend #CPI less F ...

Pullbacks are Healthy in a Bull Market, Focus on the Big Picture - David Brady (12/09/2019)

Sept 12, 2019 Despite rallies of 34% in Gold and 43% in Silver in just the past year alone, investors in precious metals have suddenly gone silent due to overdue pullbacks in both of just 5% and 10% respectively. Could they go lower? Sure they can. I’ll discuss that later, but this is when you ne ...

Stock Market Near Record on Topsy Turvy Thursday

Several market moving events unfolded between the close of U.S. stock markets on Wednesday and the open on Thursday. As a result, the Dow Jones Industrial Average and the S&P 500 were both on the cusp of record highs on Thursday. Here’s what investors need to know. Delayed tariffs Stock futures c ...