As the market tries to extend the rally it faces key resistance at 2742 and 2758. Here’s what to expect.
Deposit growth has turned very slow. Watch out for the next outright decline in deposits. There’s a high correlation between European deposit levels and US stock prices. That’s because European institutions are big players on Wall Street.
Gold may have put in a critical swing low. Here’s what to look for now.
The bulls took control early last week but could not hold the breakout through the intermediate channel line at 2727. By the end of the week the SPX had fallen back to the line.
By the end of the year the Fed will have withdrawn $450 billion from the banking system. The annual bloodletting will then plateau at $600 billion per year until the balance sheet reaches a tight reserve position. But loan demand is increasing. Here’s why that’s bad news.
All swing cycles are now in gear in down phases. This is a nasty setup that indicates that gold is now at its most vulnerable. But there’s a glimmer of hope! Here’s why.
The bears’ line in the sand held last week but the war isn’t over yet. Here are the parameters of the battle and what to expect when they break.
Treasury auction demand has risen along with supply recently but bond prices keep falling and yields keep rising. Why? Because buyers must liquidate bonds in the secondary market to raise the cash to buy new issues. That’s just one sign of the tightening liquidity noose that is strangling the markets. There are more. Here’s what…
Tax collections surged in April on a massive gain in individual non-withheld income taxes. On the other hand, social security taxes, which weren’t impacted by tax law changes, showed no gain on an inflation adjusted basis. Here’s what that means for your investments.
Here are the latest targets for the current moves in gold and the mining stock index.