Switzerland is No Longer Neutral
“Neutral like Switzerland” can no longer be a saying as the Swiss government has announced it is joining the European Sky Shield Initiative (ESSI) to develop a shared missile defense [...]
Market Update
The market continues to press everyone up against the absurd. The Dow rallied so far above the 18100 level that it defied the logic that continues to be bearish. Likewise, if we see crude oil pressing highs and a close above the last high of 4242, then we should fill the gap up to the $45 area. Gold continues to consolidate but the key trading range remains 1266 to 1202. We need a closing outside of this range to imply the next move. We have some turning points coming in by next week and May/June remains a key target followed by August. In many cases, we need to exceed the March highs in April to raise any hope of a key rally. Nevertheless, the markets appear to be pressing everything as far as they can go without actually breaking out or breaking down.
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Kamala Harris and Joe Biden have declared that illegal migrants may have access to Medicaid in a move that will cost billions. Individual state rights are coming into play once [...]
US Budget Deficit Third-Highest on Record
The United States Treasury reported a $1.833 trillion budget deficit for the fiscal year ending September 30. This marks the third-highest deficit on record, but it is solely due to [...]
Market Talk – October 22, 2024
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 decreased 542.64 points or -1.39% to 38,411.96 • Shanghai increased 17.76 points or 0.54% to [...]
