We got some weird price action yesterday (Thursday). Gold gyrated wildly, at one point swinging 10% in just a couple of hours. It has retreated from the $5,500 level back to $5,200 as of this writing. Silver took a break from its stratospheric rise and fell from around $120 to $111. Bitcoin plummeted to $81k … Read more
The Fed concluded its January meeting, and as expected, took no action. Most Fed Governors voted to maintain the current fed funds rate with two dissents favoring a small 25bp (.25%) cut. The market shrugged and finished flat(ish) to up small depending on your favored index. This was a reasonable reaction. Many are still … Read more
Quick announcement: I’ll be in Bangkok for the next few weeks. While I’m here, I’m open to a small number of in-person conversations. If you’re based locally, or know someone here you think it would be worthwhile for me to meet, feel free to reach out privately at IR@DeepKnowledgeInvesting.com. President Trump upsets markets and … Read more
The CPI stays locked in a tight range thanks to the BLS presenting a constantly-understated version. High inflation continues regardless of the official statistics or the actions of the Fed. Chairman Powell announced that he’s being investigated causing political actors to bemoan the politization of the Fed. The Fed has always been a political institution … Read more
