Gold 3 to 4 May (evening)
2023 has already been the biggest year for bank failures by assets in US history, and the year is not over.
A recession hasn’t even started yet.
The rest of the year = the beginning of next year could be pretty bearish for the markets
The labor market is still tight, but hiring is cooling quickly and job losses are going up. The yield curve has been flashing recession, for quite a while already, and the index of leading economic indicators is having one of its worst runs ever. But the Federal Reserve has a one-track mind at the moment: inflation is still the sole focus, and after last week’s personal consumption expenditures price index report showed prices again edging up, the Federal Reserve will hike rates on today .
Tomorrow we have Exports and Imports which shows if a country is having a good or bad economy, Also we will have Jobless claims witch if the number comes higher means its deflationary which leads us to have a buy on gold but if its lower its inflationary so we should sell gold. This can be shown by the circular flow of money model.
Anything showing deceleration in the job market is bullish for bonds and stock market.
A recession hasn’t even started yet.
The rest of the year = the beginning of next year could be pretty bearish for the markets
The labor market is still tight, but hiring is cooling quickly and job losses are going up. The yield curve has been flashing recession, for quite a while already, and the index of leading economic indicators is having one of its worst runs ever. But the Federal Reserve has a one-track mind at the moment: inflation is still the sole focus, and after last week’s personal consumption expenditures price index report showed prices again edging up, the Federal Reserve will hike rates on today .
Tomorrow we have Exports and Imports which shows if a country is having a good or bad economy, Also we will have Jobless claims witch if the number comes higher means its deflationary which leads us to have a buy on gold but if its lower its inflationary so we should sell gold. This can be shown by the circular flow of money model.
Anything showing deceleration in the job market is bullish for bonds and stock market.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.