Don't fight the Fed: Buy gold.

Global central banks have set a floor for gold with over 2,100 tons bought in 2 years.

Good morning to everyone but Janet Yellen.

Is a high fed funds rate beneficial for the economy?

Historical data shows 4 out of the last 5 fed funds peaks led to recessions, with the 1995 'soft landing' being the lone exception when the yield curve wasn't inverted.

This time is different was said every single time.

The Fed's decision not to hike rates isn't a long-term bullish catalyst, and this sentiment will likely fade quickly among investors. Without a credit event, the Fed will not cut rates until at least Q4, if at all this year.

Economic growth remains the key driver in this market.…

Asset managers are now positioned in US equity futures more than 2 standard deviations above the norm.

Utilities are considered the most defensive sector within the equity markets since demand for water, electricity, and gas stays stable regardless of economic conditions.

When utilities outperform the broader market, as we see now, this tells us that traders are getting more…

Utilities $XLU was the only sector to make a new 2024 high last week. Utilities continuing to outperform tells us that beneath the surface, traders are becoming more defensive with their equity positioning.

Despite media hype over AI and rising price targets, a deeply inverted yield curve warns that recession risks remain high.

Inflation and slowing growth are bringing economic threats back into sharp focus.

Today, on May 1, 1956:

7 local investors contribute $105,000 to an investment partnership that a 25-year-old is about to start running from his bedroom in a rented house on Underwood Avenue in Omaha.

The name of the 'kid' running the fund is Warren Buffett.

This is the election that nobody wants to see happen.

Nearly half of US voters, specifically 49%, want to replace both President Joe Biden and former President Donald Trump on the national ticket.