Now We Know Why The US 30yr Treasury Curve Has Been Flattening Like A Pancake - Pension Fund Buying And Tax Reform
TL/DR: Tax reform creates pension fund incentive to buy 30yr bonds NOW.
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Morgan Stanley: Tesla Will Surge To $400 Before Crashing To $200
When it comes to Wall Street cheerleaders, Tesla has few closer friends than Morgan Stanley's Adam Jonas (current price target of $379).
What We Can Expect For Gold Prices in the Wake of the Hurricane Season
The recent spate of back-to-back hurricanes in the US is expected to compound the economic damage of an already over-extended debt. As the stock market braces for a correction, traders are inclined to sell out of riskier stock markets and take refuge in safe havens like gold.
"Foundation For A Rebound?" - Gold Jumps Above Key Technical Level On Heavy Volume
The last 3 days have been 'nosiy' in precious metals markets with gold swinging from the best day in 5 months to the worst day in 4 months and now to another high volume surge, breaking the barbarous relic back its 100-day moving-average...
It sems the 100DMA is a key level with heavy volume being used to push gold futures around it.
UBS asks "Is gold establishing a foundation for a rebound?"
Gold longs rebuild while shorts continue to hesitate
Existing Home Sales Drop Year-Over-Year For 2nd Straight Month - First Time Since 2014
Following September's positive housing data rebound, October data is starting well with existing home sales surging 2.0% MoM (better than expected 0.2%) to 5.48mm SAAR, as US existing home sales inventory tumbled 10.4% YoY, to 1.8 months, the lowest since 1999.
Sales of previously owned U.S. homes rose to a four-month high, indicating demand was firming at the start of the quarter as the impact from hurricanes faded, according to a National Association of Realtors report released Tuesday.