Market Rundown- Triple Tops

Tuesday December 26, 2023

Good Morning. Transcript and reports discussed attached

Market Prices

Commodities, Stocks, Precious metals, Bonds , the Dollar

Gold Commentary

  • Gold and CTAs

  • Triple tops

  • Big Weekly close

Today’s Data

  • 9:00 am S&P Case-Shiller home price index (20 cities) Oct. 5.0% 3.9%

Market Commentary

What GoldFix is Reading

1- Powell’s Uphill Battle to Not Be Burns

Everything the Fed can’t touch For longer term investors: we think that Fed cuts next year could reignite structural inflationary forces. Consider the parts of the economy proving robust, even impervious, to rate hikes: record government deficits; high household savings, rising wages & record home prices; corporates cushioned by private credit and cash. These metrics in Exhibit 1 are 1-2 standard deviations above long-term norms. There seems to be a lack of slack.

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