Here is my latest interview from this morning (Thursday 8/4) with Dale Pinkert of TradeGateHub. We covered a lot of ground including the Fed, the potential for a pullback,the melt-up, the bond market, oil and precious metals.
June was a major bottom in the bond market similar to 2014 & 2018.Bonds are set up for a big,steep rally that takes the 10yr to 0% & lower & the 30yr to 1/4%-1/2% next year.A global deflationary bust & historic financial crisis is coming in 2023.Bonds likely correct here first.
Equity markets had a pretty good week as investors interpreted Powell's comments to mean a pivot is not far away.Investors may have gotten a bit ahead of themselves on the whole inflation narrative & policy pivot,particularly if oil heads back over $100 & bonds sell off next wk.
I did an interview with Rob Kientz of Gold Silver Pros LLC yesterday that provides my current thinking. We covered the Fed, the economy & the markets. The balance of this year will certainly be interesting. Enjoy.
Investors are parsing Powell's words to determine if he is getting close to a pivot.What I heard yesterday was a continued focus on inflation & still a lack of awareness of the deep recession that's coming.I suspect that will change between now & the Sept meeting as data worsens.
No matter what the Fed decides today(75 or 100bps)the market is poised for a move higher to S&P 4150-4200 & then maybe a sharp,short pullback to 3800 before a much bigger,more sustainable rally to 6000 gets underway. The lows are in.The market not likely to undercut the June lows
Breaking news
Investors should buy the latest rally in stocks as cooling inflation means lower peak interest rates, JPMorgan Asset Management's chief strategist says | Link
Many retailers that had too little to offer during the early stages of the pandemic now have too much of everything—from bikes to barbecue grills. They amassed the extra inventory because they expected sustained demand and supply-chain problems | Link
BTC was down by 4%, while ETH declined by 2%. Leon Li, founder of Huobi Global, is in talks to sell a majority stake of the firm, according to a report.
@LedesmaLyllah and @godbole17
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Falling gasoline price buoying consumer sentiment, Univ. of Mich. data suggest | Link
A Wall Street happy hour shows finance pros and crypto geeks can get along just fine.
By @camlearnscrypto
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Dutch authorities arrest suspected developer of crypto mixer Tornado Cash | Link
📺 LIVE: Will regulations go too far during crypto winter?
@DickinsonLaw Professor @IPProfEvans joins "Money Reimagined" host @mikejcasey to discuss how prices have ultimately tipped the balance in favor of regulators. More on : | Link
Disney and ESPN fianlly embrace sports betting
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Loop Capital retains a $1 price target on the stock, saying the recent surge has done nothing to change the company's fundamentals. | Link
US stocks rise as investors assess signs inflation is coming down | Link
Some of China's largest state-owned firms will delist from the US market amid ongoing auditing battle between the 2 countries | Link
84% of Gen Z is hoping for a housing market crash
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South Korea's President Yoon Suk-yeol pardoned Samsung Electronics’ Vice Chairman Jay Y. Lee, with the justice ministry saying the business leader was needed to help overcome a ‘national economic crisis.’ Read more: | Link
Today's Capital Journal: Trump Won't Oppose Release of Search Warrant; House Set to Pass Climate, Healthcare and Tax Bill | Link
India's Life Insurance Corp June-quarter premium income jumps | Link
Retire in Hawaii if you want a "dream life by the beach," says millionaire—but beware of these 3 biggest downsides. (via @CNBCMakeIt) | Link
Hedge funds and asset managers are speculating on Japan’s yen, intensifying swings in a currency usually known as a refuge during troubled times | Link
A new European gas pipeline link could be ready in 9 months as support builds to bypass Russian supplies | Link
Mark Cuban says buying metaverse real estate is "the dumbest shit ever"
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.@nlw is joined by @jillrgunter of @EspressoSys.
The pair discuss the legal recourse of @TornadoCash sanctions, and how the solutions might be technological, not political.
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Every young person should see this chart to understand their 'greatest money-making asset' (via @CNBCMakeIt) | Link
Dutch detain suspected developer of crypto mixer Tornado Cash | Link
Do you attend or work for a university that focuses on blockchain training or research?
Nominate your school for CoinDesk’s annual Best Universities for Blockchain list:
#CoinDeskUniversities | Link
Lori Heinel oversees $3.5 trillion as State Street's investment chief. She told us where she's starting to put her historically large cash holdings to work. | Link
China's tight lending, weak consumer demand, unemployment, and other factors are hurting small businesses and start-ups that are most in need of funding. | Link
LIVE: The Netherlands arrests a suspected developer of @TornadoCash. @SecretNetwork's @TorBair weighs in on privacy concerns.
Plus, Ethereum miner @ChandlerGuo discusses his plans to fork the blockchain and @marcmakingsense joins "First Mover":
Here are five things you must know for Friday, August 12:
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Stocks were poised to extend their rally after data pointed to easing price pressures. | Link
Russian state depository files lawsuit to overturn EU sanctions | Link
US-listed China Stocks Slip on Delisting Moves, Analyst Sees Short-term Noise $BABA $PDD $JD | Link
Europe is turning to floating LNG terminals as it scrambles to solve its natural gas crisis | Link
Bitcoin traders may be wrong to conclude inflation has peaked and the Fed will slow rate hikes. At least that's what bond markets are suggesting - reports @godbole17
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U.S. import prices declined in July — a 2022 first | Link
Import prices decline in July for the first time this year | Link
Five Chinese state-owned companies said they intend to delist their American depositary shares from the NYSE, as regulators in Beijing and Washington remain at loggerheads over U.S. audit requirements | Link