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Silver Breakout To 11-Year High
Video By:
Jordan Roy-Byrne
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Thursday, May 16, 2024 1:05 AM EDT
Silver has broken out to a new daily 11-year high. The next strong target and resistance is $34-$35.
Fresh Breakouts For S&P And Nasdaq
Article By:
Declan Fallon
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Wednesday, May 15, 2024 7:05 PM EDT
Bit by bit, the bearish thesis I had outlined in April is no more. Today delivered strong breakouts for the Nasdaq and S&P, although the Russell 2000 (IWM) still has some work to do.
Three Things – CPI, Davey Day Trader And Stagflation
Article By:
Cullen Roche
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Wednesday, May 15, 2024 7:00 PM EDT
Wednesday’s CPI report was a big relief for the Fed after 4 consecutive upside surprises.
Real Retail Sales Back To Negative YoY
Article By:
New Deal Democrat
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Wednesday, May 15, 2024 5:17 PM EDT
In April retail sales were unchanged on a nominal basis. Adjusted for inflation they declined -0.3% for the month.
Rates Spark: Yields Remain Vulnerable To A Reversion Higher Ahead
Article By:
ING Economics
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Wednesday, May 15, 2024 4:45 PM EDT
U.S. CPI came in at consensus, averting a scare that the number would turn out higher. Retail sales came in significantly weaker than expected, bringing down yields.
No New Orders And No Spending In The Empire State
Article By:
Bespoke Investment Group
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Wednesday, May 15, 2024 3:00 PM EDT
The Empire State Manufacturing Survey's headline reading came in at -15.6. That compares to -14.3 for April and expectations of an improvement to -10.
Stocks Rally On Post CPI Volatility Crush
Video By:
Michael J. Kramer
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Wednesday, May 15, 2024 2:12 PM EDT
The CPI had no major surprises, leading to a post-CPI volatility crush.
Soaring Inflation Is Making Home And Car Insurance Unaffordable
Article By:
SchiffGold
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Wednesday, May 15, 2024 1:37 PM EDT
American car owners are facing a wall of bad debt to finance vehicles they can’t afford — especially pandemic buyers who took on huge loans to buy overpriced used vehicles that are now depreciating in value.
CPI Up 0.3 Percent With Rent Still Rising Steeply, Food A Bright Spot
Article By:
Mish Shedlock
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Wednesday, May 15, 2024 11:57 AM EDT
Rent rose another 0.4 percent in April. Food and beverages were flat with food at home declining but food away from home rising.
April Consumer Prices: Still An Interplay Of Gas And House Prices
Article By:
New Deal Democrat
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Wednesday, May 15, 2024 11:14 AM EDT
Consumer inflation in April continued essentially to be an interplay between shelter and gas prices, with a side helping of auto insurance and repairs.