Robert Bernard's picture

By Robert Bernard – On June 14, 2017, the US Federal Reserve raised its Fed Funds rate for the second time this year. The new range will be 1 - 1.25%. The Fed also gave a roadmap on how they plan to unwind their $4.5 trillion balance sheet.

Kurt Kallaus's picture

By Kurt Kallaus – US and global stocks remain in a secular Bull market. Major averages from around the world confirm the strength we see in our country boosted by strong earnings and guidance. Tech stocks have trounced value companies and...

Frank Barbera CMT's picture

By Frank Barbera – Over the last few years, Gold Mining stocks have carried investors on quite a ride. This observer first started watching the Gold Stock Index back in 1978, when mining stocks were the only game in town. Back then...

Andrew Zatlin's picture

By Andrew Zatlin – Uber has been in the headlines for all the wrong reasons over these past couple months. I’m sure you’ve seen or heard the headlines. From sexual harassment to discrimination, to “Greyball” – software that helped Uber drivers...

Frank Barbera CMT's picture

By Frank Barbera – Other warning flags can be found in the realm of technical analysis where sentiment readings are among the most bullish values seen in a number of years. These suggest that there is room now for a contrary stance where excess positive sentiment...

Adrian Ash's picture

By Adrian Ash – Gold prices held near 5-week lows against a falling US Dollar on Wednesday, trading at $1243 per ounce as commodities rallied but world stock markets extended Tuesday's retreat in New York. As Brent crude oil rallied $1 per...

Michael Shedlock's picture

By Michael Shedlock – Amazon bought Whole Foods today. Widespread carnage in the grocery stock prices followed. Jim Cramer called it a major deflationary disruption saying stores cannot compete. “What Amazon did to the mall, it will now...

Bob Eisenbeis's picture

By Bob Eisenbeis – At its June meeting, the FOMC again raised the target range for the federal funds rate by 25 basis points, to 1–1¼ percent. They did so despite evidence that inflation had moderated and that the second estimate of first quarter GDP growth

Charles Hugh Smith's picture

By Charles Hugh Smith – We want this time to be different so badly, we can almost taste it. If you visit San Francisco, you will find it difficult to walk more than a few blocks in central S.F. without encountering a major construction project.

Michael Shedlock's picture

By Michael Shedlock – The state of Illinois has not passed a budget for close to three years. Arguably it’s just as well because Illinois budgets for decades have been nothing but a moth-eaten collection of lies, one time deficits repeated endlessly...

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