The Morning Call---Gold and the Fed

The Morning Call

 

1/11/22

 

 

The Market

         

    Technical

 

            Monday in the charts.

            https://www.zerohedge.com/markets/citius-altius-debilius-tech-wreck-continues-fed-rate-hike-odds-soar

 

            Gold and the Fed.

            https://scottgrannis.blogspot.com/2022/01/gold-and-fed.html

 

    Fundamental

 

       Headlines

 

              The Economy

 

                        US

 

                          November wholesale sales rose 1.4% versus estimates of +1.2%.

 

The December small business optimism index came in at 98.9 versus consensus of 98,6.

                               

                        International

 

                        Other

                       

                          Goldman slashes China GDP forecast.

                          https://www.zerohedge.com/economics/goldman-slashes-china-gdp-forecast-ccp-locks-down-20-million-fight-omicron-wave

 

            The Fed

 

              Goldman (they have been busy) sees more rate hikes and faster unwind of QE.

              https://www.bloomberg.com/news/articles/2022-01-10/goldman-now-expects-four-fed-hikes-sees-faster-runoff-in-2022?srnd=premium&sref=loFkkPMQ

 

            Inflation

 

              Real wages plummet.

              https://www.zerohedge.com/personal-finance/real-wages-plummet-inflation-hits-us-recovery

 

 

    News on Stocks in Our Portfolios

 

 

 

What I am reading today

 

            What is in the newest batch of Kennedy assassination documents.

            https://www.zerohedge.com/political/jfk-assassination-whats-newest-batch-declassified-documents

 

 

 

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