Gold price will ‘collapse’ today if the Fed makes this crucial decision – Adrian Day’s FOMC preview

Gold price will ‘collapse’ today if the Fed makes this crucial decision – Adrian Day’s FOMC preview

The Federal Reserve is likely to raise the Federal Funds Rate by no more than 75 basis points at this week’s Federal Open Market Committee (FOMC) meeting, despite the markets having priced in a higher chance of a 100 basis point increase following last week’s Consumer Price Index (CPI) report, according to Adrian Day, President … Read more

September sadness could explain why stocks are being hit hard this month

September sadness could explain why stocks are being hit hard this month

September appears to be the worst month for Seasonal Affective Disorder, which may be the missing link for why the month is so bad for the stock market. Seasonal Affective Disorder, or SAD, is a depressive mood disorder related to the change of seasons. While most of us have heard of SAD, few associate it … Read more

Are Energy Stocks Still Somehow Cheap?

Are Energy Stocks Still Somehow Cheap?

Energy stocks are outperforming the stock market—by a mile—this year. Record profits at oil and gas firms amid soaring commodity prices have made the energy sector attractive to investors. Yet, the record earnings in energy and commodity stocks are disguising a weaker S&P 500 market, where profit growth has markedly slowed down this year—it has … Read more

Stock market is key for gold price right now, here’s why

Stock market is key for gold price right now, here’s why

(Kitco News) Gold’s next rally might depend on the stock market and how fast it can deflate as the Federal Reserve tightens its monetary policy, said Bloomberg Intelligence. The stock market is a crucial metric for gold since the trend of its outperformance versus gold might be reversing, Mike McGlone, senior commodity strategist at Bloomberg … Read more

European Utilities Rally As EU Unveils Rescue Plan

European Utilities Rally As EU Unveils Rescue Plan

Just hours after the European Commission proposed caps on power prices across the bloc, European utilities have rallied, with stocks gaining on indications that a price cap plan will include ways to increase liquidity for energy companies facing over a trillion dollars in margin calls. More than anything, European utility stocks seem to be rallying … Read more

The Fed is ready to ‘inflict pain’ on the economy to bring inflation down; stocks, Bitcoin to see more downside – Alfonso Peccatiello

The Fed is ready to ‘inflict pain’ on the economy to bring inflation down;  stocks, Bitcoin to see more downside – Alfonso Peccatiello

The Fed will ‘inflict pain’ to get inflation down to 2 percent, said Alfonso Peccatiello, Author of The Macro Compass. The central bank’s resulting policy will adversely affect stocks and cryptocurrencies. In his August 26th speech at Jackson Hole, Federal Reserve Chairman Jerome Powell adopted a hawkish tone, saying that reducing inflation will “bring pain … Read more

European energy prices skyrocket, risking political unrest and economic calamity – Will Rhind

European energy prices skyrocket, risking political unrest and economic calamity – Will Rhind

Energy prices are skyrocketing in Europe, with prices rising to 10 times their decade-long average. This could lead to economic calamity and political unrest, said Will Rhind, Founder and CEO of GraniteShares. Europe’s expensive energy prices come as Russia, which supplies 40 percent of the European Union’s gas needs, has cut off its Nord Stream … Read more

Forget Truly, White Claw, Beverage Giant Mixes Wine and Soda

Forget Truly, White Claw, Beverage Giant Mixes Wine and Soda

Genius comes from out of the blue and when you are least expecting it. Finding new inventive and tasty choices in alcoholic drinks is an ever-changing market. Let’s face it, some people are set in their ways, if they drink a Bud Light (BUD) – Get Anheuser-Busch Inbev SA Sponsored ADR (Belgium) Report, they only … Read more

RBC analyst thinks these midcap energy stocks are undervalued

RBC analyst thinks these midcap energy stocks are undervalued

Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow Scotiabank real estate analyst Mario Saric provided something of a game plan for REIT investors, “Our Current NAVPU [net asset value per unit] estimates are saying ‘buy, buy, buy’, while Corporate BBB yields are saying proceed with caution. Bottom-line, we … Read more

Tesla’s decision to buy Bitcoin could lead to $460 million hit to Q2 earnings – Barclays

Tesla’s decision to buy Bitcoin could lead to 0 million hit to Q2 earnings – Barclays

(Kitco News) The decision to hold Bitcoin could hurt Tesla’s upcoming second-quarter earnings, said Barclays. In light of Bitcoin’s drop to $19,000 at the end of the second quarter, Tesla could end up reporting an impairment of roughly $460 million, according to analyst Brian Johnson. “With Bitcoin ending the quarter at ~$19k (well below TSLA’s … Read more