Financial Markets Report For Wednesday, Oct 8
In this video, Ira Epstein discusses the current state of the financial markets, highlighting the persistent bullish trend in the stock market despite occasional corrections.
Consumer Spending Has Continued To Increase
In this article, let's take a broader look at the main coincident measures of expansion vs. recession and focus on some up-to-date measures of consumer spending.
The Impact of AI On Your Retirement Portfolio
Artificial intelligence is no longer a concept on the horizon; it’s already influencing how companies operate, investments are evaluated, and wealth is managed.
Palladium's Big Bull Market Has Begun
In this brief update, I want to highlight how palladium is now launching into a major bull market.
A Strong Six Months
Today marked six months since the US stock market made its "tariff crash", closing low on April 8th.
XAU/USD Holds Gains Above $4,000 On Concerns Over US Government Shutdown
Gold price holds positive ground near $4,010 after retreating from a fresh record high of $4,059 in the previous session during the early Asian session on Thursday.
Dollar Index Breaks Resistance As S&P 500 Momentum Stalls
The S&P 500 advanced about 60 basis points on the day, but the index has essentially moved sideways since Friday. If it manages to gap higher tomorrow, that would be different, but for now, we’ve just been oscillating around the 6,750 gamma level.
Reliance On Obamacare Subsidies Jumps To Over 22 Million
Political pressure on the budget showdown will mount. The number of people receiving a subsidy jumped from 10 million to over 22 million as a result of Biden’s 2021 American Rescue Plan Act (ARPA).
Is Gold Six Weeks Overbought... Or 60 Years Oversold?
No "private counterparties" could ever corner the gold market as long as "central banks stand ready to lease gold in increasing quantities should the price rise".
Consumer Sentiment Cracking Amid Gov't Shutdown; 17% Of Americans Delay Major Purchases, Survey
The shutdown could cost the U.S. economy $15 billion per week. If it drags on for several more weeks, the economic disruption could become far more widespread.
