Tuesday, November 28, 2023

Wednesday's News Links

[Yahoo/Bloomberg] Gold Holds Rally to Six-Month High on Bets for Fed Rate Pivot

[Yahoo/Bloomberg] Stocks Advance With Treasuries as Pivot Bets Grow: Markets Wrap

[Yahoo/Bloomberg] Oil Climbs Again With OPEC+ Meeting and Fed Signals in Focus

[Reuters] Israel, Hamas seek new deal to extend Gaza truce on final day

[AP] US economic growth for last quarter is revised up to a 5.2% annual rate

[Axios] Cyber Monday spending hits all-time record

[CNBC] Mortgage demand from homebuyers gets a boost as interest rates continue to fall

[Reuters] Morning Bid: Waller to Wall St, Fed's on the turn

[Yahoo/Bloomberg] OECD Sees Fed, ECB Keeping Tight Policy Longer Than Market View

[Yahoo Finance] Fed governors Bowman, Waller clash on direction of interest rates

[Reuters] GM sees $9.3 billion hit from labor deals, outlines $10 billion stock buyback

[Axios] Americans' savings are dwindling, new poll shows

[Yahoo/Bloomberg] The $7 Trillion ETF Boom Gets Blamed Again for Dumb Stock Moves

[Reuters] Hedge funds suffer net $7.6 bln outflows in October - eVestment

[Reuters] Debt-laden China's local governments scramble to rescue small banks with $21 bln in special bonds

[Reuters] BOJ policymaker says premature to debate exit from ultra-low rates

[Reuters] Europe's Signa toppled in property rout

[Yahoo/Bloomberg] German Inflation Sinks More Than Expected as Energy Retreats

[Axios] China’s push for influence in Micronesia tests U.S. power in the Pacific

[AP] Putin accuses the West of trying to ‘dismember and plunder’ Russia in a ranting speech

[Bloomberg] Risky Bonds Decimated By Credit Suisse Implosion Are Booming Again

[FT] US bonds on track for best month in nearly 40 years

[FT] OECD says markets wrong on interest rate cuts

[FT] Japanese bank regulators on alert for SVB-style rate risks

Tuesday Evening Links

[Yahoo/Bloomberg] Gold, Copper Climb as Fedspeak Boosts Bets on Interest-Rate Cuts 

[Yahoo/Bloomberg] Treasury Yields Slide as Fedspeak Fuels Pivot Bets: Markets Wrap

[Yahoo/Bloomberg] Everywhere You Look, Rates Traders Are Piling Into Rate-Cut Bets

[Yahoo/Bloomberg] Treasury’s ‘Blunder’ Was No Mistake At All, Former Official Says

[Yahoo Finance] Why 'Magnificent 7' stock mania is drawing comparisons to the dot-com bubble

[Reuters] Putin won't make peace in Ukraine before 2024 US election -US official

[Bloomberg] Chinese-Style Quantitative Easing Eyed for Property Fix

[NYT] Fed Officials Hint That Rate Increases Are Over, and Investors Celebrate

[NYT] Corporate America Has Dodged the Damage of High Rates. For Now.

[WSJ] Home Prices Hit Fresh Record in September

[WSJ] The Price Is Wrong for Housing

[FT] Dollar hits 3-month low after Fed official signals rates may start to fall

Tuesday Afternoon Links

[Reuters] Wall St rises as dovish Fed comments bolster rate cut hopes

[Yahoo/Bloomberg] US Yields Fall as Waller’s Remarks Fuel Pivot Bets: Markets Wrap

[Yahoo/Bloomberg] Oil Rises as Traders Parse OPEC+ Signals, Fed’s Rate Comments

[Reuters] US Thanksgiving weekend sales hit record on big discounts, online boost

[Reuters] US consumer confidence rises; house prices accelerate

[CNBC] Home prices kept rising even as mortgage rates surged, S&P Case-Shiller says

[Yahoo/Bloomberg] Fed’s Waller, Bowman Open Door to Another Interest Rate Pause in December

[Reuters] With Fed likely done hiking rates, Waller flags pivot ahead

[Yahoo/Bloomberg] US to Back Million-Dollar Mortgages in San Diego, Breckenridge