Peter Boockvar – Charm

Gold is getting knocked on Tuesday – it’s still the hottest trade of the year

Cs news10 months ago10 months ago010 mins

While gold was taking a hit on Tuesday, the metals trade has outshined artificial intelligence on Wall Street this year, even the latter has propelled the broader stock market to record levels. Gold crossed the $4,000-per-ounce threshold earlier in October, and just this week, it hit a record above $4,300 . It’s currently up more…

Wall Street sets sights on Fed announcement that could jolt market

Cs news1 year ago1 year ago04 mins

Investors on Wednesday got some strong earnings as well as new data showing the U.S. economy is still rocking despite uncertainty around tariffs. Wall Street didn’t seem to care. Stock futures were about flat after the government reported U.S. gross domestic product expanded at a 3% annual rate in the second quarter. That was well…