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Dying US Gold Correlations
This is a free preview of a paid episode. To hear more, visit vblgoldfix.substack.com
Housekeeping: Good Morning.
Bretton Woods Three is a Process, Not an Event
Today:
* Premium: Starbucks and Stagflation
* Commentary: China Gold Influence
Markets Yesterday:
US equities declined on Tuesday ahead of the Federal Reserve's rate decision
Markets: China Gold Correlations
Premium: Is Starbucks a Short?
Bottom Lines
* US Business is drying up- Still cant buy a home
* People are not buying food there- coffee only, even with delivery
* China is a problem so far- slow going
* Mgt is troubled- Middle East, Unions, Schultz is back
More at bottom…
Market News:
"The Biden administration is seeking to reclassify marijuana as a less dangerous drug... a historic move that could make it much easier to buy and sell pot and make the multibillion-dollar industry more profitable. Source: WSJ
"The world’s largest food and drinks companies have said that poorer consumers in the US are cutting their spending in the face of persistent price rises, in a sign that the lowest earners are bearing the brunt of sticky US inflation. Source: FT
"Defaults are reaching historic levels in the office market, as a growing number of owners capitulate to persistently high interest rates and weak demand. Source: WSJ
"Home prices in February jumped 6.4% year over year, according to the S&P CoreLogic Case-Shiller national home price index. It marked another increase after the prior month’s annual gain of 6%, and the fastest rate of price growth since November 2022." Source: CNBC
Geopolitics:
* Walla's Elster citing a senior Egyptian source who told local media that efforts to reach a truce agreement continue in a "positive atmosphere"
* Hamas official says the group still studying recent ceasefire offer
* Philippines Coast Guard official said China's Coast Guard has elevated the tension and level of aggression, while the official added the Chinese Coast Guard's use of a water cannon is still not an armed attack but is using higher water pressure, according to Reuters.
Some headlines via NewSquawk or DataTrek
Data on Deck:
* MONDAY, APRIL 29 None scheduled
* TUESDAY, APRIL 30 9:00 am S&P Case-Shiller home price index (20 cities)
* WEDNESDAY, MAY 1 2:00 pm FOMC interest-rate decision 2:30 pm Fed Chair Powell press conference
* THURSDAY, MAY 2 8:30 am Initial jobless claims April 27
* FRIDAY, MAY 3 8:30 am U.S. employment report April
Premium:
***DO NOT SHARE THIS***
View all episodes
By VBLThis is a free preview of a paid episode. To hear more, visit vblgoldfix.substack.com
Housekeeping: Good Morning.
Bretton Woods Three is a Process, Not an Event
Today:
* Premium: Starbucks and Stagflation
* Commentary: China Gold Influence
Markets Yesterday:
US equities declined on Tuesday ahead of the Federal Reserve's rate decision
Markets: China Gold Correlations
Premium: Is Starbucks a Short?
Bottom Lines
* US Business is drying up- Still cant buy a home
* People are not buying food there- coffee only, even with delivery
* China is a problem so far- slow going
* Mgt is troubled- Middle East, Unions, Schultz is back
More at bottom…
Market News:
"The Biden administration is seeking to reclassify marijuana as a less dangerous drug... a historic move that could make it much easier to buy and sell pot and make the multibillion-dollar industry more profitable. Source: WSJ
"The world’s largest food and drinks companies have said that poorer consumers in the US are cutting their spending in the face of persistent price rises, in a sign that the lowest earners are bearing the brunt of sticky US inflation. Source: FT
"Defaults are reaching historic levels in the office market, as a growing number of owners capitulate to persistently high interest rates and weak demand. Source: WSJ
"Home prices in February jumped 6.4% year over year, according to the S&P CoreLogic Case-Shiller national home price index. It marked another increase after the prior month’s annual gain of 6%, and the fastest rate of price growth since November 2022." Source: CNBC
Geopolitics:
* Walla's Elster citing a senior Egyptian source who told local media that efforts to reach a truce agreement continue in a "positive atmosphere"
* Hamas official says the group still studying recent ceasefire offer
* Philippines Coast Guard official said China's Coast Guard has elevated the tension and level of aggression, while the official added the Chinese Coast Guard's use of a water cannon is still not an armed attack but is using higher water pressure, according to Reuters.
Some headlines via NewSquawk or DataTrek
Data on Deck:
* MONDAY, APRIL 29 None scheduled
* TUESDAY, APRIL 30 9:00 am S&P Case-Shiller home price index (20 cities)
* WEDNESDAY, MAY 1 2:00 pm FOMC interest-rate decision 2:30 pm Fed Chair Powell press conference
* THURSDAY, MAY 2 8:30 am Initial jobless claims April 27
* FRIDAY, MAY 3 8:30 am U.S. employment report April
Premium:
***DO NOT SHARE THIS***