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The Bank Of Canada Needs To Change Horses

Fri, 01/05/2024 - 15:25
The Canadian job market is no longer a source of economic growth. Full-time jobs fell by 23,500 while part-time jobs climbed by 23,600 in December.

Bank Borrowing From Fed Bailout Program Has Surged

Fri, 01/05/2024 - 15:13
Is a U.S. banking crisis still bubbling under the surface? If activity in the Federal Reserve’s bank bailout program is any indication, the answer to that question is yes.

Three Stocks To Watch Out For In January 2024

Fri, 01/05/2024 - 15:00
Three "strong buy" stocks to put on the watch list this January.

What Is The Weirdness Of The Job Openings Data Telling Us?

Fri, 01/05/2024 - 14:30
Job openings were sky-high in late 2022, and while the level has come down since then, they remain high compared to the previous 20 years.

Charted: S&P 500 Sector Performance In 2023

Fri, 01/05/2024 - 14:00
Information Technology, Communication Services, and Consumer Discretionary were the three biggest winners in 2023, all of them up more than 40% for the year.

If: Contradictory Data; Then: Pick Which Fits The Preferred Narrative

Fri, 01/05/2024 - 13:47
With all eyes on one of the most consequential economic reports on the calendar, markets chose instead to focus on a piece of the less-anticipated ISM data.

1,200 Tones Of Gold Have Disappeared From ETFs Since 2020, Poured Into Private Stacks

Fri, 01/05/2024 - 13:35
2023 is over, and the drain of physical gold from the ETFs and other paper funds sped up significantly last year.

Factors Affecting Gold In 2024

Fri, 01/05/2024 - 13:22
A discussion of recent gold price action and key factors affecting gold in 2024 such as interest rates and global elections.

2024 Outlook

Fri, 01/05/2024 - 13:09
This year promises to be one of the most interesting years economically, politically, and market-wise in history.

China's Shadow-Banking Giant Files For Bankruptcy

Fri, 01/05/2024 - 12:56
One of China's "secretive" shadow-banking giants filed for bankruptcy on Friday due to its inability to repay tens of billions of dollars in debt.

AskSlim Market Week - Friday, Jan. 5

Fri, 01/05/2024 - 12:44
Projections for the next week and review of the previous week.

Macro - Employment

Fri, 01/05/2024 - 12:32
The employment numbers came in progressively better throughout the week. Friday, the US Bureau of Labor Statistics reported that the US added 216,000 jobs in December.

NFP Report Shows A Hot Labor Market with 216k Jobs Added In December

Fri, 01/05/2024 - 12:19
Treasury yields surged on Friday after the NFP report for December exceeded expectations, raising questions about the Fed's plans for a dovish pivot.

Financial Cycle Behavior Is Consistent

Fri, 01/05/2024 - 12:06
As in 2000 and 2007, at current levels, stocks are priced to underperform the safest bonds over the next several years. History never repeats exactly, but financial cycle behavior is remarkably consistent.

Gold’s 2024 Breakout Upleg

Fri, 01/05/2024 - 11:54
Gold’s momentous breakout upleg into nominal record territory is set to accelerate in 2024. Major bullish drivers for this leading alternative asset have really converged, which should drive gold much higher this year.

U.S. Jobs Report Suggests No Pressing Need For The Fed To Cut Rates

Fri, 01/05/2024 - 11:41
US jobs rose by a stronger-than-expected 216,000 in December, dampening talk of a March Fed rate cut.

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