Silver as an investment

Category Archives: Economy of New York City

“Amber Warning Sign” Issued For EURUSD Bulls

While Draghi’s conference was supposed to be relatively boring, it was anything but, with the EUR first sliding on the statement’s suggestion that more QE is possible, then spiking on upbeat economic comments, then sliding again after Draghi talked down the inflationary outlook but most importantly, when the ECB president said that the ECB did […]

NYSE Red Alert: Equities Trading Currently Unavailable

Shortly after the day-session closed, NYSE Arca reported a complete cessation of trading… Has anyone seen Vladimir Putin today? Source: NYSE

Manhattan Luxury Housing In Freefall: J.Crew CEO Slashes Tribeca Loft Price By Over 40%

While in recent weeks we have documented various instances of sharp pullbacks in the ultra-luxury segment of New York’s housing market (here, here and here), a dramatic example of just how sharp the drop in the high-end housing segment has been comes courtesy of Mansion Global which reports that J. Crew CEO Mickey Drexler has […]

Weekend Reading: Trump’s Rocket Ride

Via Lance Roberts of RealInvestmentAdvice.com, I have a simple question… If the rally in the market that began following the election was pricing in the expectations for tax reforms, repatriation, building the wall, and infrastructure spending, then what did the rally on Wednesday following Trump’s speech to Congress price in? With the markets now pushing both […]

The Chart Larry Fink Thinks Is “Horrifying”

This is the chart that "horrifies" the CEO of the world's largest asset manager. This is the chart that has Larry Fink "seeing dark shadows in the market." Given the average investor's mainstream-media-trained hive-mind, we suspect some will be surprised by his choice… As we detailed yesterday, "I see a lot of dark shadows," Fink […]

“Wall Street Vs. Main Street” In Trumplandia

Since Donald Trump was elected President of The United States, on a platform of ‘draining the swamp’ and focusing on the needs of ‘Main Street’, it is perhaps interesting that Wall-Street-darling Goldman Sachs is the best-performing stock (in The Dow) and Main-Street-mainstay Wal-Mart is the worst-performing. The Dow is up 1800 points since the election. […]

S&P Hits 2,300 (Despite VIX Spike)

The S&P 500 has breached 2,300 – Goldman Sachs’ 2017 year-end target – despite a spike in VIX to almost 11.00…     And is now giving some back…

Gary Cohn’s Parting Gift From Goldman: An Accelerated $124 Million

Leaving Goldman Sachs to work for the government has always been a lucrative career move: eight years ago, it allowed former Treasury Secretary Hank Paulson to sell $500 million in Goldman stock tax free, and now its the turn of Gary Cohn, Goldman’s former COO and president, who is leaving to join Trump’s cabinet, who […]

VIX Spikes To 2-Week Highs As Dow Erases 2017 Gains

VIX spiked this morning to near 13 (shock horror) – the highest since January 3rd – as Goldman Sachs was unable to support the Dow, which dropped below 19750 for the first time since 2016…     And The Dow joined Small Caps in the red for 2017 briefly..

Trump Has 6 Goldman Appointees- Swamp Drains You

  Dear Trump Voters: Goldman Wins Again.  To the Trump voters scratching their heads at the PEOTUS’ recent appointments. This is the nexus of finance influencing politics in real time. Here is your chance to save yourselves years of denial, cognitive dissonance, regret, and therapy when you are forced to confront the reality that you were […]