Corsi Nation

DrCorsi Banner

1.16.19 - Why Sanders' $15 Minimum Wage Is Irrelevant

Gold last traded at $1,293 an ounce. Silver at $15.63 an ounce.

NEWS SUMMARY: Precious metal prices rose Wednesday on safe-haven buying and a flat dollar. U.S. stocks rose as investors cheered strong quarterly earnings from major banks like Goldman Sachs and Bank of America.

 

 

 

Gold Firms as Dollar Eases

Written by Staff Writer
0
0
0
s2sdefault

GoldGold firms as dollar eases, markets brace for Fed -CNBC
"Gold firmed on Monday as the dollar eased from near 18-month highs, adding to bullion's appeal among holders of other currencies, with investors looking to a U.S. Federal Reserve meeting for clues on interest rate developments next year. Markets have priced in a rate rise by the Fed at its Dec. 18-19 Federal Open Market Committee meeting, so the focus will be on how many hikes will follow in 2019, analysts said.

Stocks Need a Santa Rally

Written by Staff Writer
0
0
0
s2sdefault

SantaBullU.S. Stocks Need a Santa Claus Rally to Avoid a Losing Year -Wall Street Journal
"Investors hoping to avoid the first annual decline for major U.S. stock indexes since 2015 are dreaming of a Santa Claus rally....Such a year-end boost will likely be necessary if the S&P 500 is to avoid finishing in the red. It is down 2.8% this year through Friday. But trade tensions with China, slumping commodities prices and concerns about the Federal Reserve’s pace of interest-rate increases have forced investors to reassess the global growth outlook....

The Bond Market Has Frozen

Written by Staff Writer
0
0
0
s2sdefault

stock exchange 642896 640The Bond Market Has Frozen: For The First Month Since 2008, Not A Single Junk Bond Prices -Zero Hedge
"Late last week, we reported that in the aftermath of a dramatic drop in loan prices, a record outflow from loan funds, and a general collapse in investor sentiment that was euphoric as recently as the start of October, the wheels had come off the loan market which was on the verge of freezing after we got the first hung bridge loan in years, after Wells Fargo and Barclays took the rare step of keeping a $415 million leveraged loan on their books after failing to sell it to investors....

U.S. Recession Risks Jump

Written by Staff Writer
0
0
0
s2sdefault

graph 3078539 640U.S. recession risks jump, Fed rate hike expectations slump -Reuters
"The risk of a U.S. recession in the next two years has risen to 40 percent, according to a Reuters poll of economists who also found a significant shift in expectations toward fewer Federal Reserve interest rate rises next year. What has fueled concerns of a downturn is the flattening of the U.S. yield curve - with the spread between two- and 10-year note yields falling to less than 10 basis points, the smallest gap since the run-up to the last U.S. recession....

Builder Confidence Slumps

Written by Staff Writer
0
0
0
s2sdefault

new home 1664272 640Home builder confidence hits 3 1/2 year low as housing crunch worsens -Marketwatch
"The National Association of Home Builders’ monthly confidence index tumbled four points to 56 in December. The December decline took the sentiment index to the lowest since May 2015. It followed a breathtaking plunge from October to November and brought the full-year 2018 average for the index to 67, one point lower than 2017. The buyer traffic tracker fell two points to 43, its lowest level since March 2016....