May 6, 2024 | Value Clients Exiled from Fast Food Chains

  Blue states that implemented minimum wage hikes are seeing a drastic rise in food prices. Fast food chains like McDonald’s, Chick-fil-A, Chipotle Jack in the Box, Burger King, Domino’s, and more have reported menu item hikes in places like California that now require a much higher minimum wage. This comes at a time when […]

May 5, 2024 | Gold, Oil and Putin’s Grand Plan

Some of you may remember Gary Liebowitz, a troll that I 86’d from the site years ago. He still harangues me now and then, and I am saddened to report that his rage has only worsened, especially where Trump is concerned. Here’s a pungent note from Gary that just plopped into my email box. I […]

May 4, 2024 | Trading Desk Notes For May 4, 2024

The dominant market theme YTD, “the Fed will stay higher for longer,” softened this week Price action across equity, interest rate and currency markets this week was buffeted by US economic and inflation data, concerns about Treasury and Fed policy decisions, currency intervention by the Japanese finance ministry, and concerns about critical corporate reports.   The net takeaway from […]

May 4, 2024 | This Week in Money

• Victor Adair:  Stock Markets, Gold, Oil, Currencies, Copper, Cocoa
• Rick Ackerman: (14:01) Interest Rates, Gold, Silver, Oil, Bitcoin, Inflation, Deflation
• Wolf Richter: (43:28) Interest Rates, US Consumer, Government and Business Debt, Auto Sales, Canada’s Housing Bubble

May 3, 2024 | Artificial Intelligence is an Existential Threat to Humans

The excitement and hype regarding Artificial Intelligence continues to influence stock markets positively. While most people have not yet seen much impact on their lives, billions of dollars are being committed by a multitude of companies who wish to compete for a top spot in the future of AI. Will AI meet current expectations? Is […]

May 3, 2024 | Why the TD Bank Could be Fined $100’s of Millions

EV’s draining GM’s bank account.

May 2, 2024 | The Great Unwind Accelerates

A stream of big companies are guiding down their outlook this week with reference to distressed consumers pulling back. See: Long-predicted consumer pullback finally hits restaurants like Starbucks, KFC and McDonald’s: Starbucks announced a surprise drop in same-store sales for its latest quarter, sending its shares down 17% on Wednesday. Pizza Hut and KFC also reported shrinking […]

May 2, 2024 | Will a Boycott of Loblaw’s Bring Down Grocery Prices?

Hints on how to “recession proof” yourself

May 2, 2024 | Gold, Silver, Metals – All In Long Term Breakout

Chinese stock market uptick good news for metals investors

May 2, 2024 | US Marijuana Stocks Going Sky High

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May 1, 2024 | The Most Splendid Housing Bubbles in America amid the Now-Fizzled Rate-Cut Mania & Erstwhile Plunge in Mortgage Rates

The brief and now bygone era of Rate-Cut Mania. Today’s S&P CoreLogic Case-Shiller Home Price Index, dubbed “February,” is a three-month moving average of home prices whose sales were entered into public records in December, January, and February. Today’s data therefore reflects Rate-Cut Mania that lasted from the beginning of November until February 13, when the […]

April 30, 2024 | Losses

The Office of the Comptroller of the Currency’s Quarterly OTC Derivatives report covers the over-the-ccounter derivatives positions of the U.S. banks. For many years, the only two banks that mattered in the precious metals category were JPMorgan and Citibank. About three years ago, Bank of America burst onto the scene, as a giant new participant […]

April 29, 2024 | Sagging Used-Car Prices, Spiking Maintenance & Repair Costs, and a Post-Bankruptcy Propaganda Coup Turn Toxic for Hertz

Rental car operator Hertz Global Holdings has had a nasty time in the stock market since it emerged from bankruptcy (filed Chapter 11 in May 2020, emerged on June 30, 2021). The new stock closed on the first day of trading at $26.99, then wobbled lower until the meme-stock crowd briefly fancied it again, and […]

April 28, 2024 | Science for Those Who Hate Science

Decades ago, there was an article titled “Jazz for People Who Hate Jazz”. The idea was to introduce those who did not know to those who did know. More recently and unfortunately, government-sponsored dogma has promoted an anti-science movement – ironically – in the name of “science”. Disgustingly, mainly for power and money. . Ironically, […]

April 27, 2024 | Trading Desk Notes For April 27, 2024

Is buying the Yen in anticipation of another “Plaza Accord” the Trade of the Year or just another attempt to catch a falling piano? The BoJ did nothing at their scheduled meeting this week, and the Yen collapsed to a new 34-year low against the USD and hit an All-Time low against the Euro (which has only been around for 26 years.) […]

April 27, 2024 | This Week in Money

• Bob Hoye:  Stock Markets, Gold, Oil, USD, Canadian Dollar, Interest Rates, China, Japan, Listener Questions
• Eric Hadik: (27:55)  Market Cycles, Gold, Silver, Interest Rates, Solar
• Tony Mitchell: (1:00:40) Director of Marketing at RecycLiCo™ Battery Materials Inc. on Company Showcase – RecycLiCo’s Patent Portfolio Expands. Enabling a world of infinitely recyclable battery materials. Read the Latest News. Read Markets Insider Article – “Why Toyota May Have the Best Strategy in the EV Race“. View RecycLico’s Company Presentation. Watch Roundtable Video with Sandy Munro, Jason Fenske and Norm Chow: “RecycLiCo Battery Recycling Q&A with Engineering Explained & Kemetco Research“. Watch – We upcycle cathode scraps and black mass into higher-value battery materials! Video  – The demonstration plant for the RecycLiCo™ Patented Process is now operational in Vancouver, British Columbia, Canada. Questions?  Email or Phone: 778.574.4444

April 27, 2024 | Fed’s Wait-and-See on Rate Cuts Further Supported by Extra-Hot “Core Services” PCE Inflation & Hot “Core” PCE Inflation

The core PCE price index, which excludes the volatile components of food and energy and is the inflation index the Fed is focused on, jumped by 3.9% annualized in March from February, nearly double the Fed’s target of 2%, according to the Bureau of Economic Analysis today (blue in the chart). The three-month annualized core […]

April 26, 2024 | Tesla Reports Poor Results and The Share Price Spikes Higher

Tesla, Inc. had a closely watched first quarter report, outlining poor results this week. But the markets’ initial reaction was positive, even if the financial results were underwhelming. Why would the market push the stock 10 percent higher after disappointing results? Tesla reported a 9 percent decline in revenue after a previously reported decline in […]

April 26, 2024 | What’s Behind: “Sell in May and Go Away”

There is considerable history behind the gem of stock market lore to “Sell in May”. The real explanation is readily provided by the record of Great Bubbles as they occurred in the London financial markets. There were five to the 1929 example. Four climaxed in May. And one, the infamous 1720 South Sea Bubble climaxed […]

April 25, 2024 | Democrats Praying for a Trump Assassination?

    COMMENT: I have been a Democrat all my life, and I am 72. I suppose I was a Democrat because my father was. Like you, after watching what they have been doing to Trump and the flood of illegal aliens that have resulted in my own neighborhood becoming no longer safe, I will […]

April 25, 2024 | RecycLiCo’s Patent Portfolio Expands

Enabling a world of infinitely recyclable battery materials. Read the Latest News. Read Markets Insider Article – “Why Toyota May Have the Best Strategy in the EV Race“. View RecycLico’s Company Presentation. Watch Roundtable Video with Sandy Munro, Jason Fenske and Norm Chow: “RecycLiCo Battery Recycling Q&A with Engineering Explained & Kemetco Research“. Watch – We upcycle cathode […]

April 25, 2024 | Big Reversal Patterns Following Profit Reports

Market entering a corrective phase. Receive 50% Off VR Trader Newsletters! Enter Promo Code 2022HALFOFF.

April 25, 2024 | Gold, Copper, Crude Oil, Uranium, Marijuana, AI

Inflation, Deflation, Unemployment

April 25, 2024 | Gold, Interest Rates, Actual US Economy vs. Government Claims

Housing, Commercial Real Estate