This week flashed early warning indicators of a recession as gold and silver costs rose but once more. Regardless of an inflationary atmosphere, non-essential items are getting value cuts because the Fed reassures the general public that charges received’t go greater.
OTHER TOPICS DISCUSSED
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- Gold is buying and selling at $2,332 (up $38 since final week’s shut)
- Silver is buying and selling at $29.55 (up $0.39 since final week’s shut)
- CPI information got here it beneath expectations (0.0% vs. 0.1% anticipated)
- Walgreens introduced value cuts on over 1,300 objects
- Residence costs up 28% from 329k in Q1 2020 to 420k in Q1 2024
- S&P 500 hit new excessive of 5450
- BlackRock and Citadel Securities again Texas Inventory Alternate
Quote of the week from Paul Volker:
The concept when individuals see costs falling they are going to cease shopping for these cheaper items or cheaper meals doesn’t make a lot sense. And aiming for two p.c inflation yearly implies that after a decade costs are greater than 25 p.c greater and the worth degree doubles each technology. That isn’t value stability, but they name it value stability. I simply don’t perceive central banks wanting a bit of inflation.”
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The above references an opinion and is for info functions solely. It isn’t supposed to be funding recommendation.
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