Gold remained lower last week amidst the Euro strengthening as investors continued to cur their positions in Euro-gold. Moreover, lowering inflationary concerns in the US also reduced golds inflation hedge demand. Gold tracked losses in other assets after a drop in consumer sentiment index and falling TIC flows battered equities which resulted in the benchmark MSCI world index for stocks closing more than 2%.
-When the Dow fell below the 200-day moving average; -After the Dow closed above the 50-day moving average -When the Dow hit a new low for the year. -The break below the June 8 low of 9757 (confirming a head-and-shoulders pattern)
A snapshot of borrowing in major sectors expected to take place over the next three years or so. Experts worry that the amounts are so large it could leave the weakest borrowers, including some governments, without access to funds, possibly triggering another economic downturn. http://www.washingtonpost.com/wp-dyn/content/graphic/2010/07/14/GR2010071403101.html
FOMC tweaks lower growth and inflation outlook by Peter Boockvar
Within the minutes of the June FOMC meeting where they reviewed the economic stats seen since the prior meeting, they believed looking forward that the recovery in economic activity would be moderate thru 2011, supported by accommodative monetary policy, an attenuation of financial stress, and strengthening consumer and business confidence. They did say that the pace of recovery will be somewhat slower than previously predicted and they also reduced their expectations for both headline and core inflation slightly. Some members wanted to consider whether further policy stimulus might become appropriate if the outlook were to worsen appreciably. In terms of helping the economy, I believe their gun is out of real bullets and all they got left is water. They have reached the law of diminishing returns and Fed impotence is a growing risk
The New Development Bank, the Shanghai-based lender aka “Brics bank”, awaits #SaudiArabia decsn to join as its 9th… https://t.co/m1zgF8Zu4n(15 hr ago)
@len_trader If you wish to compare 2018's Klopp/Salah/Firminho/Mane/Matip to their Arsenal équivalent, do so at your own risk ;) (17 hr ago)
Weekend Dow30 up 207 pts following US Treasury "Deal" announcement from earlier +265 pts. Ball turns to Ultra-Conservative members reaction. (17 hr ago)
Before I mention complete-the-cycle trade, I need to address Powell & the Fed. Seeing Fed chair Powell speaking today on a panel next to Ben Bernanke struck me how much more transparency, communication, forward guidance and all sort of other means of reaching out to the public has emerged from the Federal Reserve, compared to the Bernanke days nearly a decade ago. But even with the improved communication and policy tools (forward guidance helped lift yields before the start of rate hikes), the Fed remains in the dark and with reduced firepower. Here's why and how.
Powell highlighted today the challenges of monetary policy in terms of tools and outlook, pointing to the banking turmoil along with the effects of the sharpest monetary tightening in the history of the Fed and the threat of sticky inflation. Not to mention an unmovable debt ceiling in the face of staunch congressional dissent (even more than during the 2011 budget standoff).
But I was too tired to really tally it with my charts. I think I will post your concern and comment on his site.
Ashraf
Watch this chart!!!!!
Tell what will happen next?
-When the Dow fell below the 200-day moving average;
-After the Dow closed above the 50-day moving average
-When the Dow hit a new low for the year.
-The break below the June 8 low of 9757 (confirming a head-and-shoulders pattern)
read more
http://www.ritholtz.com/blog/2010/07/kilgore-beware-technical-trap-lower-lows/
http://www.washingtonpost.com/wp-dyn/content/graphic/2010/07/14/GR2010071403101.html
by Peter Boockvar
Within the minutes of the June FOMC meeting where they reviewed the economic stats seen since the prior meeting, they believed looking forward that the recovery in economic activity would be moderate thru 2011, supported by accommodative monetary policy, an attenuation of financial stress, and strengthening consumer and business confidence. They did say that the pace of recovery will be somewhat slower than previously predicted and they also reduced their expectations for both headline and core inflation slightly. Some members wanted to consider whether further policy stimulus might become appropriate if the outlook were to worsen appreciably. In terms of helping the economy, I believe their gun is out of real bullets and all they got left is water. They have reached the law of diminishing returns and Fed impotence is a growing risk
http://www.economy.com/dismal/map/default.asp
http://www.youtube.com/watch?v=ct4BxPxRBO0
the cuddle report.