Recession has already occurred or is on its way.. Somebody should tell gold about it! Is a recession really coming? We already know that the yield curve inverted last month for the second time this year, but what are other indicators of...
A positive economic surprise! The US labor market added 528,000 jobs last month. As the chart below shows, the number is above June’s figure (+398,000) and much above the market expectations (MarketWatch’s analysts forecasted only 258,000...
Have you ever wondered what the yield curve’s favorite song is? Neither have I, but I bet that in July it was Britney Spears’ hit, Oops, I Did It Again! Indeed, the yield curve inverted again last month, for the second time in 2022. It...
Ladies and gentlemen, please welcome the technical recession! According to the initial measure of the Bureau of Economic Analysis, real GDP dropped 0.9% in the second quarter, following a 1.6% decline in the first quarter (annualized...
Despite another hawkish FOMC meeting, gold rose again. Why? Because, as suggested by Powell, the pace of tightening is going to slow down.
An economic hurricane is coming. Brace yourselves! This is at least what Jamie Dimon suggested last month. To be precise, he said: “Right now, it's kind of sunny. Things are doing fine. Everyone thinks the Fed can handle this. That...
The massive monetary binge is over. The Fed is taking the punch bowl away. The hangover is coming. The best cure is – except for the broth – gold.
Another inflation report – and another upside surprise! The CPI increased 1.3% in June, after rising 1% in May, according to the Bureau of Labor Statistics. As a reminder, we are talking here about monthly changes – not so long ago, such...
It’s official: there is a bear market in equities! As the chart below shows, last month, the S&P 500 Index plunged more than 20% from its historic peak of 4797 points in early January 2022. A decline of greater than 20% is considered...
The Fed gives no illusions: it will maintain its hawkish stance. Meanwhile, gold plunged decisively below $1,800, which has bearish implications.