• April 8, 2025

Gold Prices Hold Strong Amid Trade War Fears and Fed Rate Cut Bets

Rising Economic Uncertainty Supports Demand for Gold The gold ( XAU/USD ) price failed to rally on Tuesday and finished the trading session essentially unchan...

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• April 8, 2025

Is Something About to Blow Up in the Credit Markets?

The S&P 500 is now down almost 19% since topping out in February. It closed at 4982.77 (chart). If it falls another 1.35% down to 4915.32, it will be in a bear market. The inde...

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• April 8, 2025

Small Business Optimism Falls Below the Long-Term Average for 1st Time in 5-Months

The mood on Main Street continues to deteriorate. March small business optimism came in below estimates yesterday morning and fell below the long-term average (orange line on a...

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• April 8, 2025

Upside Down CAPM and the Trump Recession

The Capital Asset Pricing Model (CAPM) is a simple heuristic for thinking about market returns. Basically, the idea is that the main risk that you can’t diversify away from is collective busi...

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• April 8, 2025

The Market Is Starting to Look Really Ugly

Things are getting ugly, especially in rates and FX. Significant decoupling is occurring, indicating a potentially massive flight out of the U.S. and severe liquidity constraints now hitting ...

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• April 8, 2025

Potential Sector Winners as Market Adjusts to Tariff Shock

The announcement of higher-than-anticipated tariffs during President Donald Trump’s self-proclaimed “Liberation Day” last week rattled markets, briefly pushing U.S. equities into a bear marke...

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• April 8, 2025

Gold Holds the High Ground as Fiat Flails Like a Pirate Ship in a Storm

Gold looks fantastic! The fabulous short-term buy and sell zones chart for gold. We bought the approach to the $2956 horizontal support and resistance (HSR) zon...

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• April 8, 2025

Markets in Flux: 10 Charts to Remember from Q1 2025

The first quarter of 2025 has been a particularly turbulent one for the financial markets: US equities had their worst relative performance in 23 years, Chinese markets rebounded, gold reache...

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• April 8, 2025

Recession Warning? Consumer Borrowing Tanked in February

By Mike Maharrey There is growing evidence that Americans may be edging close to the credit limit. That’s bad news for an economy that has run on credit cards for...

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• April 8, 2025

Corporate Yield Spreads Start to Widen - Is a Recession Coming?

That is the billion-dollar question investors now face. One gauge to help us answer the question is corporate bond yield spreads. When the yield differential between corporate bond yields and...

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