The Market Perspective: Friday Update

The Great Depression

Benjamin Roth: The Great Depression: A Diary
It's all here, times change people don't -the endless govt programs that fail to stimulate the private sector -the ups and downs of the economy, the veterans pension stimulates just as the housing credit did, until of course the money runs out -Roth is a attorney in Youngstown Ohio who kept a diary regarding the economy from 1930 until WW II breaks out, he is objective, candid, and forthright which is more than we get from Washington DC now or then highly recommended

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« Crude and Metals Find Support | Main | Sahm Rule »

August 09, 2024

Friday Update

Friday August 9, 2024

Stocks fell hard Monday and spent the rest of this week coming back, well almost.

DJIA

August is usually an up month we shall see if the rally continues. Similar action took place for NDX and SPX.

A rate cut may be coming but bonds sold off all week.

I think Powell will have to cut the 5.5% FED rate as T BIlls are 5.07%. That would suggest a bond price rally.

Crude oil is advancing in price from its low earlier this week.

I vbelieve SLV has bottomed, silver still lags gold.

Posted at 06:06 PM in Bonds, Energy | Permalink

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The Market Perspective

Market Commentary by Dennis Elam [email protected]

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