US Government Shutdown Enters Day 6: Here’s Where Things Stand
The US government shutdown entered day 6 on Monday as negotiations between President Donald Trump’s administration and congressional Democrats remained deadlocked.
An Interesting Correlation: Heavy Truck Sales Growth As Recession Indicator
Following up on the drop in heavy truck sales in August, here’s the prediction from a simple probit of recession on current 12-month heavy truck sales growth...
Gold Price Forecast: XAU/USD Drifts Higher Above $3,950 On Global Uncertainty
Gold price extends its rally to around $3,970 during the early Asian session on Tuesday. The precious metal edges higher on political uncertainty across the globe and the expectation of a US interest rate cut.
Today’s Market Looks More Like 2018 Than 1999
Another odd day of trading: the S&P 500 index was up by 36 bps, while the RSP equal-weight index was down by 3 bps. Unsurprisingly, there were around 200 more stocks down on the day than up on the NYSE.
EUR/USD Falls On French Political Shock And Shutdown Lift Dollar
EUR/USD retreats during the North American session sponsored by political turmoil in France and US Dollar strength, amid the sixth day of government shutdown in the US. The pair trades at 1.1714, down 0.24%.
The Case For Gold: When The World Runs On IOUs
There’s no version of this story that ends cleanly.
