Welcome to the jungle, folks — no, not the Guns N' Roses kind — I mean the Wall Street jungle, where it's triple witching Friday, and what you see is not what you get.
Stocks making new highs tend to make even higher highs, particularly when positive earnings estimate revisions hit the tape. That’s precisely what Philip Morris and Sterling Infrastructure have enjoyed.
The global trend in cryptocurrency regulation should be seen for what it is - a continuation of governmental efforts to control and regulate every aspect of money and finance.
The answer is yes, but the context is much different. “If you’ve got a bazooka in your pocket, and people know you’ve got it, you may not have to take it out.” Former Treasury Secretary Hank Paulson made that statement on July 15, 2008.
Despite the intensifying conflict, the initial panic buying has subsided. Oil prices have softened, largely on hopes that a broader regional war can still be avoided.
Now even the most well-known bond investors are talking about how gold and silver are rapidly wresting the safe haven crown away from the U.S. Treasury market.
Gold has mostly drifted sideways for the last couple months, vexing traders. Bullish ones eager for its mighty cyclical bull to resume are frustrated gold isn’t surging on major bullish news.
