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S&P 500

Key Charts: Gold is Cheap and US Recession May Be Closer Than Think

October 21, 2017 - 11:50pm
Key Charts: Gold is Cheap and US Recession May Be Closer Than Think

by Dominic Frisby of Money Week
Every year, Ronald-Peter Stoeferle and Mark J Valek of investment and asset management company Incrementum put together the report In Gold We Trust – 160-plus pages of charts and thoughts, mostly gold-related, on the state of the world’s finances.
There’s so much to look at and consider. It’s a sort of digital equivalent of a coffee-table book.
Yesterday I got an email from them, containing a “best of” – a compendium of some of the best charts from this year’s report.

Kyle Bass: "Today's Market Resembles The 1987 Debacle On Steroids"

October 21, 2017 - 11:35am

The US stock market celebrated the 30th anniversary of Black Monday with the 2017 version of a rocky trading day: Stocks sold off early, with S&P 500 futures recording their steepest post-midnight drop of the year. But the dip was reflexively and aggressively bought, and stocks even poked back into the green seconds before the close as algos mistook a repetitive Politico headline about Jay Powell’s chances of becoming the next Fed chair for news - leaving us with yet another record close.

Weekend Reading: Dow 24,000 By Christmas

October 21, 2017 - 7:24am
Weekend Reading: Dow 24,000 By Christmas

Authored by Lance Roberts via,
This past week, the Dow crested 23000 sending the networks into a “tizzy.” It took about 5-minutes of crossing that magical “round number,” before questions raised of how long before the markets cross 24,000, and 25,000.
The chart below shows the 1000-point milestones of the Dow going back to 2009. After a long break between 18,000 and 19,000 in 2015 through the election in 2016, the Dow has surged higher ticking off 4-more milestones in less than a year.