Market Summary The U.S.: Stocks, Gold, Cryptos Since we wrote last week, a trifecta of disappointing Fed communication, trade-war escalation, and self-reinforcing recession fears have accompanied an S&P 500 decline of about 4.7% as of this writing, and a strong rally in bonds (as interest rates decline) and gold. Read more…
Market Summary The U.S. economy, GDP growth, consumer income, employment statistics, and corporate profits are very good. U.S. consumer spending is strong, and corporate profits for almost all economic sectors, including the consumer sector, are booming. Real GDP growth for the second quarter of 2018 was just revised upward slightly Read more…
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