Markets Rebound as Gold Hits Record Highs and Trade Tensions Ease

Wall Street sold off sharply on Friday on flaring trade tensions between the US and China. After both nations indicated a willingness to keep trade negotiations on track, the major benchmarks clawed back a chunk of Friday’s losses on Monday. The question is whether the correction continues with earnings season getting underway this week. Expectations […]
Bloomberg Commodity Index Near Breakout as Dollar Weakens

Bloomberg Commodity Index Commodities put in a strong session. The Bloomberg Commodity Index added 0.9% to 104.7 and is testing overhead resistance. One high conviction view we have had for some time is that a weaker dollar will drive the BCOM index higher, and resistance is being tested now at 105 (see below). Oil prices […]
US Inflation Rises, Jobs Data Fuels Fed Rate Cut Bets

The US inflation print didn’t rock the boat on Thursday (although there are signs of tariffs filtering through several categories to consumers), and fresh signs of a cooling job market saw equities rally and bond yields fall on Thursday, as investors recalibrated the Federal Reserve’s rate cut path to be more aggressive. The headline consumer price index […]