Gold, Debt And The Inevitable Global Housing Market Crash

Pentagon Conducts First Military Drill In Venezuela Since Maduro Overthrow On Saturday, the US military conducted a highly visible drill right in the heart of Caracas, marking the first known American military exercise on Venezuelan soil since the chaotic January 3rd operation to abduct Venezuelan President Nicolas Maduro. The show of force involved two US Marine Corps Osprey aircraft touching down near the recently reopened US Embassy in Caracas, which went operational only two months ago, in March. via Reuters "The drill, which the Venezuelan government said it had authorized as an evacuation...

Futures Rise, Oil And Yields Dip Ahead Of First Fed Hike In Three Years Futures are higher into Fed Day where consensus is for a 25bp hike, the first since July 2023, with unknown levels of communication, and the question is what the dot plot shows (see preview here). S&P 500 futures are up by 0.3%, finding relief after days of selling as traders wait Kevin Warsh to deliver an expected interest-rate hike that will help ease fears that inflation may spiral. Nasdaq futures are up 0.6%, with Intel shares jumping...

The Market Is Grappling With Two Major Unknowns By Stefan Koopman, Senior Macro Strategist at Rabobank President Trump began this week’s Monday‑morning jawboning ahead of schedule. Speaking to reporters aboard Air Force One on Sunday evening as he returned to Washington DC, he talked up the negotiations with Iran, said that Iran’s new leadership already constitutes “regime change” and praised the “deal” with Iranian speaker Ghalibaf to allow up to 20 Pakistan-flagged oil tankers to pass through the Strait of Hormuz under Iranian (!) escort. Markets have already brushed aside Trump’s comments,...