Episode Summary
Risk – happens fast!
Costco Selling ALOT of Gold
April 15th – Tax payment withdrawals
Rates spike, oil moves lower
PLUS we are now on Spotify and Amazon Music/Podcasts!
Click HERE for Show Notes and Links
DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar.
Love the Show? Then how about a Donation?
Follow John C. Dvorak on Twitter
Follow Andrew Horowitz on Twitter
Warm Up
- Risk Happens FAST
- Costco Selling ALOT of Gold
- April 15th - Tax payment withdrawals
- Fewer students attending 2 0r 4-year college
Market Update
- Banks reporting - mixed results
- Rates UP!
- Earnings Season
- Risk off - Missiles Flying
--- WAR escalations concerning investors
Rates
- Rates spiked with all of the recent concern that the Fed will not be cutting rates so fast
- Came on on the Iran retaliation worries
- Spike Monday to 4.64% for the 10Yr - starting to get worrisome that could be technical move and disrupt markets
Rates in Europe
- European Central Bank President Christine Lagarde on Tuesday said the central bank remains on course to cut interest rates in the near term, subject to any major shocks.
- "We just need to build a bit more confidence in this disinflationary process but if it moves according to our expectations, if we don't have a major shock in development, we are heading towards a moment where we have to moderate the restrictive monetary policy," Lagarde said.
--- Also noted that she is very attentive to the price of oil
HA! If you don't like the numbers...
- The Bank of England on Friday announced a “once in a generation” overhaul of its inflation forecasting following a long-awaited review by former Federal Reserve Chair Ben Bernanke.
- The review was initiated in response to criticism over shortcomings in the bank’s recent policymaking.
- It sets out 12 recommendations — including scrapping the bank’s “fan chart” forecasting system — which BOE Governor Andrew Bailey said the bank was committed to implementing.
Inflation Spots