Diamond News Archives
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Mohamed El-Erian, a Bloomberg Opinion columnist, says the Federal Reserve needs to take "bold" action at the central bank's next two rate-setting meetings to address the threat of rising U.S. inflation. "They've got to be bold come January and March, not just March," he says on "Bloomberg The Open." El-Erian's opinions are his own.
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Amid Omicron anxiety, surging mortgage rates, and a dip in homebuilder sentiment, analysts expected a modest 0.6% MoM drop in existing home sales in December, but while they were right on direction, the magnitude was way off as December Existing Home Sales crashed 4.6% MoM - the biggest MoM drop since Feb 2021.
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Michael Burry and Jeremy Grantham are bracing for a devastating crash across financial markets. They're far from the only experts to warn that rampant
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Gold may trade down toward $1,800 an ounce in the short term, said Ole Hansen, head of commodity strategy at Saxo Bank A/S. In the longer term, gold’s prospects look positive, he said.
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Earlier we presented you Part 1 of our interview with macro analyst Jesse Felder in which he explained why he suspects the Federal Reserve is intentionally trying to cause a managed market correction. Here in Part 2, Jesse highlights the asset classes he thinks offer the best upside if he's correct.
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