hernancortes
Fly on the Wall
- Messages
- 36
- Reaction score
- 49
- Points
- 78
Record high gold price over the weekend, but average attendance again at our local coin show. Dealers raised their prices though probably anticipating PMs going up.
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By Tatiana Darie, Bloomberg markets live reporter and strategist
The stocks selloff is displaying features that were often seen back when shares plunged in 2022, which is a warning for equities now.
The S&P 500 has fallen for seven of the past 11 trading sessions through Monday, leaving its hit ratio — the amount of daily gains as percentage of total trading days — at 36.4%, on pace for its weakest since December 2022.
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U.S. stock futures were higher on Wednesday morning after the S&P 500 notched its third straight day of losses.
Futures tied to the S&P 500 climbed 0.3%, while Nasdaq-100 futures gained 0.1%. Dow Jones Industrial Average futures advanced 47 points, or 0.1%.
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Mayfield sees equities trading mostly range-bound in the near term, with an exception being if any geopolitical event spikes oil prices even higher.
"The primary headwind is the hawkish repricing of Fed expectations. I don't think Fed Chair Powell did much to ease those concerns today, perhaps intentionally," he told CNBC. "The market is getting to a place where it's questioning whether there will be a rate cut at all in 2024."
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"When we do the risk assessment around that baseline, the chances that we would have something like a global recession is fairly minimal. At this point, it will take a lot to derail this economy. So there has been tremendous resilience in terms of growth prospects," Pierre-Olivier Gourinchas, economic counsellor and director of the research department at the IMF, told CNBC's Karen Tso on Tuesday at the group's meeting in New York.
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People, average Joe on the street types... are waking up to reality...?I forgot another link related to the mystery buyer:
People, average Joe on the street types... are waking up to reality...?
and you can charge it!Hmm. Where are these mysterious price-insensitive buyers?
A genius"...on par with Cramer.
I missed this on Friday:
They raised the margin requirements for the second time in (roughly) two weeks.