Yields on the 10-Year Treasury peaked in 1981 and fell until 2012. They've moved sideways since then. They are about to reverse course and enter a new multi-year uptrend.
Two ten-year periods of outsized gains in the price of gold. There is no correlation between gold and interest rates. But is there something that correlates with gold?
The Weekly Jobless Claims are bouncing around a 43-year low at 220,000. With a 4.1% headline unemployment rate, the US economy is at its theoretical employment max. Colleges are producing graduates out of sync with the nation’s actual skills needs.
Amazon reported EPS of a whopping of $3.27, which smashed consensus estimates, on net sales of $51.0 billion, $1 billion more than the $50.0 billion consensus estimate, mostly due to the contribution of AWS.
Snapchat Inc. introduced a line of sunglasses with the terribly inventive name “Spectacles“, but it was a bomb, and hundreds of thousands of them wound up unsold, probably left to rot in a public dump somewhere.
Two ten-year periods of outsized gains in the price of gold. There is no correlation between gold and interest rates. But is there something that correlates with gold?
The Canadian dollar has received some good news lately. Commodity prices have been strengthening, especially energy prices, and of course, there has recently been a much sunnier tone concerning the outcome from the NAFTA negotiations.