This is a trend worth keeping an eye on. China’s Gold trading volumes have seen a BIG spike.
Moreover, their Central Bank has been rapidly accumulating Gold These are very positive developments for the precious metal. Source: Game of Trades
Ahead of US CPI, it's important to note that the data point tends to weigh heavily on bond yields -- up or down.
Source: Bloomberg, Markets & Mayhem
Hang Seng Index just topped 19,000 again.
Rally +27% from the low. And even after that gain, index still trading below 10x earnings Source: David Ingles, Bloomberg
Markets are currently anticipating the first Fed cut in September and a potential second cut in December.
This week's US inflation data could shift these expectations backward or forward depending on how the data comes in. Source: Markets & Mayhem
In most cases, market breadth leads price. NYSE, S&P 500, and Midcap advance/decline lines all made new all-time highs last week.
Small caps are on the verge of new 52-wk highs. Some support for a potential summer rally? Source: Ryan Detrick
In 1971 the US came off the gold standard
Source: Game of Trades, Michael Burry Stock Tracker ♟
"Power Up America" theme is Goldman's top performing basket year-to-date w/+37.5% driven by global data centers' eye-popping demand for power.
17 of the 22 companies from the basket that have reported earnings have beat estimates by an average of +29%. Source: HolgerZ, Bloomberg
There is absolutely no fear in debt markets
Source: BofA
