Traders started to bet that the Fed would only raise interest rates 0.5 percent in December starting last week. One Fed President, Jim Bullard out of St. Louis, threw cold water on that notion on Monday. He stated that the Fed still “has a ways to go” to get to restrictive interest rates.
That’s certainly true. With rates near 4 percent but inflation still reading over 7 percent, rates are still negative in real terms. If inflation comes down to the 5 percent range as rates rise up to the 5 percent level, then they’ll only be neutral in real terms. That suggests that it will still be several more months of rate hikes ahead. And even if the pace of rate hikes slows… they’ll still be rising, which tends to hold back stocks and other risk assets.
Traders may still see a modest Santa Claus rally to end the year, but shouldn’t build up their hopes on a full-blown bull market again quite yet.
Now here’s the rest of the news:
Lance Wallnau: Intelligently-Designed Money
Ever since John Maynard Keynes called gold the “barbarous relic,” many people have wondered whether gold can still be considered money… [Read Here]
2 Reasons Why Social Security Is Anything but Secure
We’ve been reporting on the likelihood that Social Security will suffer from a series of setbacks in the 2030s for quite some time. Now, the Social Security… [Read Here]
November 29, 2021
The half day US markets are open the day after Thanksgiving is usually one of the quietest trading days of the year. 2021 delivered the worst one-day performance for stocks instead, as a new version of Covid out of South Africa, dubbed the “Nu” variant, appeared to be spreading.
While the market has had a selloff and sentiment has flipped from bullish to bearish overnight, we’ve learned from the Delta variant that markets can be volatile, but will likely remain resilient. Still, traders may want to lighted up on their most aggressive trades, even if that goes against what’s usually a seasonally strong time for the markets to move higher.
Precious Metals Prices
Price at week’s end (change over last week)
Gold … $1,794.31 (-2.9%)
Silver … $23.75 (-3.8%)
Platinum … $996.89 (-4.1%)
Palladium … $1,905.50 (-8.9%)
Now here’s the rest of the news:
Congress Passes Backdoor Tax Hike by Removing a Popular Savings Loophole
Here’s our concern: The bill contains one thing that retirement savers weren’t likely to be planning for (especially those with moderate wealth)… [Read Here]
November 29, 2020
Here’s to a better YOU … and now … Today’s DarrenDaily Recap Sunday. A collection of the weeks videos from Darren Hardy. Enjoy!
Naturally beautiful: Atlantic puffin also known as common puffin is a species of seabird in the auk family.
Iceland, Norway, Faroe Islands, Newfoundland and Labrador in Canada are known to be large colony of this puffin.
November 29, 2019
I think I’ve received over 100 emails already today offering BLACK FRIDAY SALES of one-sort-or-another. As a good friend commented on Facebook … “Save 100%. Leave your wallet in your pocket.”
In the wake of a tumultuous few months for the Federal Reserve, the last thing the central bank can afford right now is to give any indication that they don’t have firm control over their policy.
But after the Federal funds rate broke wildly high in September, the Fed seems to have allowed the pendulum to swing too far in the other direction, with rates now moving dangerously low. Have they lost control over their primary tool to implement their policy?
Big Banks Increasingly Bullish on Gold Prices … 😉
P.S.: “It means that — as far as the next week or two are concerned — the outlook for silver just became bullish.”