Briefly on gold:
Suffice to say that gold resting at all time highs amid rising long-term treasury yields, and, not to mention, a strengthening dollar isn’t what you’d call intuitive.
So, what gives?
Three possibilities come to mind:
Briefly on gold:
Suffice to say that gold resting at all time highs amid rising long-term treasury yields, and, not to mention, a strengthening dollar isn’t what you’d call intuitive.
So, what gives?
Three possibilities come to mind:
Here’s one (among a number of) reason(s) why we are long-term bullish on emerging markets (although near-term cautious [on everything]) :
Delivering this week’s update to you in written form.
The following is the long and the short of the latest on the economy, and on financial markets.
Our PWA Index (measures overall general conditions) rose markedly for a third straight week -- moving closer to the neutral line -- denoting improved conditions (i.e., recession risk remains elevated, but notably less-so of late):
Highlights from our internal notes:
9/30/2024
Despite the notable improvement in our own macro index, the global liquidity setup (see below), etc. (i.e., recession risk has indeed abated a bit of late), we need to be very cognizant – as I’ve illustrated in recent video commentaries – of the fact that it is the norm to get a positive spike in the data just before recession ensues.