4,234
0.65%
4,234
0.65%
12,908
1%
12,908
1%
33,454
0.35%
33,454
0.35%
1,808
0.03%
1,808
0.03%
23,844
-0.47%
23,844
-0.47%

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

The San Diego company slashed its forecast for revenue growth in 2022 to between 4% and 5% from 14% to 16%. |  Link
Pelosi is so skilled at delivering legislative wins that it can be taken for granted, says @jbview via @opinion Link
Investors in the US housing market are starting to pull back in a move that could exacerbate the market's slowdown |  Link
Texas’ two Republican senators aren’t fans of the Inflation Reduction Act. Yet few states stand to gain as much from it as theirs does via @opinion Link
Five Chinese state-owned companies to delist from NYSE amid U.S. tensions |  Link
Colombia's new leftist government wants to cut inequality by redistributing wealth, rethinking the war on drugs, and raising money for poverty-fighting programs. It won't be so easy. 🚨Tune in for a discussion with our LatAm team at 11 a.m. ET |  Link
India’s retail inflation softens for a third straight month, taking some pressure off the central bank from pursuing steep rate hikes to control inflation |  Link
Germany is on Track to Meeting its Gas Saving Target |  Link
📻🎙 Inflation may have cooled to a degree in July, but pressures are still simmering. @johnauthers weighs in on Bloomberg’s Opinion podcast with @VonnieQuinn Listen to the full conversation ⤵️ Apple: Spotify: |  Link Link
Germany is on Track to Meeting its Gas Saving Target |  Link
Bitcoin mining hosting firm @APLDBlockchain signed a $15 million loan with a North Dakota bank to pay off its debt and continue building its data centers. @egreechee reports |  Link
Polio detected in New York City sewage suggesting local circulation of virus, health officials say |  Link
There's more than one important number when it comes to inflation. Bloomberg's @TheStalwart explains how to interpret the latest CPI data |  Link
A judge said Robinhood must face claims that it manipulated the market during "meme stock" madness |  Link
Asia is among the worst offenders when it comes to food waste, and startups are hoping to fix the problem by selling deeply discounted meals through apps |  Link
Danny Moses bet against the housing market and made A TON of money in 2008 Now, he's set his bearish sights $TSLA 👀 |  Link
Polio detected in New York City sewage, suggesting local circulation of virus, health officials say |  Link
34% of younger workers are thinking of switching jobs due to company's stance on abortion, post Roe (via @CNBCMakeIt) |  Link
Preliminary figures from the University of Michigan's consumer survey indicate that consumer sentiment is increasing as economic conditions show signs of improving. |  Link
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
Samsung exec explains why the company's folding phones are so important to its business |  Link
US financier Todd Boehly led the group that bought Chelsea FC for $5.2 billion and now becomes the public face of the storied football club |  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 Link
Falling gasoline price buoying consumer sentiment, Univ. of Mich. data suggest |  Link
Fed's Barkin: Rate Hikes Would Not Be Inconsistent With A Tight Labour Market
Jon Batiste is leaving his perch as bandleader of “The Late Show” after a seven-year run backing up host Stephen Colbert via @AP Link
Fed’s Barkin: Inflation Data This Week 'Welcome' - CNBC - Would Like To See Period Of Sustained Inflation Under Control - ‘There's More To Come To Get Rates Into Restrictive Territory’ - US Economy Is Fundamentally Sound
A Wall Street happy hour shows finance pros and crypto geeks can get along just fine. By @camlearnscrypto Link
BREAKING: The water level on the Rhine River at a key waypoint drops to a critical mark, potentially upending the trade of commodities throughout Europe |  Link
Dutch authorities arrest suspected developer of crypto mixer Tornado Cash |  Link
LISTEN: We're discussing falling gas prices and inflation on "This week, your wallet."
U of M 1 Yr Inflation (Aug P) 5% vs 5.1% Expected, 5-10 yr 3% vs 2.8% $SPY
US Univ. Of Michigan Sentiment Aug P: 55.1 (est 52.5; prev 51.5) - Current Conditions: 55.5 (est 57.8; prev 58.1) - Expectations: 54.9 (est 48.5; prev 47.3) - 1-Year Inflation: 5.0% (est 5.1%; prev 5.2%) - 5-10 Year Inflation: 3.0% (est 2.8%; prev 2.9%)
📺 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
U of M Sentiment (Apr P) 55.1 vs 52.5 Expected $SPY
Disney and ESPN fianlly embrace sports betting |  Link
Once, a river ran through it. Now, white dust and thousands of dead fish cover the wide trench that winds amid rows of trees in France’s Burgundy region via @AP Link
Dutch detain suspected developer of crypto mixer Tornado Cash |  Link
Meet BRILLO, the bartending robot that can make small talk (via @CNBCMakeIt) |  Link
On Aug. 22, schools in the Philippines will finally reopen their doors to students after two and a half years – one of the longest pandemic-induced school closures in the world (via @CityLab) |  Link
Job unhappiness is at a staggering all-time high, according to Gallup |  Link
Analyst: Sell Target stock into earnings by @BrianSozzi Link
Popular meditation app maker Calm reportedly lays off 20% of employees |  Link
Loop Capital retains a $1 price target on the stock, saying the recent surge has done nothing to change the company's fundamentals. |  Link
WATCH: From Warren Buffett shrugging off a tough quarter to bragging rights for Disney, we round up the big stories in business and finance this week
Stocks rise on Friday as S&P 500 heads for fourth straight winning week |  Link
Your iPhone can identify any song with just a tap. Here's how to set it up |  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 |  Link
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
Rhine River Said To Fall To ‘Critical 40cm Mark’ At Key German Waypoint
Today's Capital Journal: Trump Won't Oppose Release of Search Warrant; House Set to Pass Climate, Healthcare and Tax Bill |  Link
Credit Suisse names its top stock picks for the rest of 2022 |  Link
The stubbornness of higher inflation has surprised many investors and flummoxed central bankers. What mysterious phenomenon explains it all? Mayonnaise. Read The Big Take: |  Link
India's Life Insurance Corp June-quarter premium income jumps |  Link
BofA upgrades Alliant Energy to buy, saying it will benefit from climate bill |  Link
US Implements Heightened Export Controls On Advanced Semiconductor, Gas Turbine Engine Technologies - Statement
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
Analyst call of the day for @CNBCPro subscribers: Bank of America reiterates Rivian as buy and says the electric vehicle company is in the “right place/time with right product/strategy.” Subscribe to see the analyst calls of the day curated by CNBC Pro. |  Link
What the Investing Club is watching — Rivian backs EV goal, Six Flags and Lennar downgraded |  Link
Mark Cuban says buying metaverse real estate is "the dumbest shit ever" |  Link
.@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. |  Link
An activist investor is urging the New York Times to raise prices and double or triple its profit margins |  Link
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
LISTEN NOW: The CDC eases its Covid guidance as the U.S. prepares to return to schools and offices this fall. Listen and follow the @CNBCWEX podcast here or on your favorite podcast platform: |  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
This stock market indicator is flashing a bullish sign: Chart by @BrianSozzi Link
Pharma stocks crater as investors brace for billions in heartburn drug litigation charges |  Link
U.S. public pensions suffer worst year since the financial crisis by @alexandraandnyc Link
Crypto futures and options are flashing a warning for Ethereum: The upcoming upgrade could be a “sell-the-news”-type of situation |  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
Asset manager likes this chip stock so much, he’s putting his own money into it |  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":
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