Economy & Markets' Weekly Digest | This week, a lot of questions, not many answers. Is it time for a stock breakout? Is market sanity around the corner? Tough to tell; and as often, it might depend on who you ask. Ask Harry and he'll tell you it is not time for a stock breakout. We'd need to see stronger stimulus signs from the Fed, or a more substantial trade agreement with China. And happens if we don't breakout? We breakdown, reminiscent to the course we charted late last year. Rodney sees a bit of reason on the horizon, or rather a little sanity, with investors finally migrating from growth stories to actual profits. That's good news, and it's about time. But we'll have to see what happens. While we wait it out, you may want to consider hedging with gold, the great diversifier. Harry's got the latest scoop. Thanks for reading Economy & Markets. Let's move! VISIT ECONOMY & MARKETS » This Week in Economy & Markets... It's been two days since my movers met my contractors. I don't mean a "Hey-nice-to-meet-you" kind of greeting; it was more of a "get-out-of-my-way-I'm-working-here." My planned extrication from my old digs into my partially-renovated new home didn't go like I thought it would. The exercise brought to mind the paraphrased wisdom of Von Moltke: "No... Somehow the stock market is expecting growth to re-accelerate after a disappointing 2.0% GDP growth in Q2. The only sign of such growth in the stock market is central banks lowering rates and expanding their balance sheets again. Q3 just came in at 1.9%, just below the 2.0% last quarter. And that covers over the... I never understood WeWork. The company either purchased or took long-term leases on commercial properties. It dressed them up with Millennial-friendly details like beer taps and cool art, and then re-leased the space in very small increments for a higher price. Leave out the cosmetics, and you've got a traditional commercial leasing company that tries... It's no secret to you that I am still more bearish on gold than bullish. And it's no secret to me that a lot of our subscribers still like gold and feel that it is still a safe haven and a good store of value long term. Despite having argued that gold was one of... |
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