Entries by Tom 2

Your Weekly Economic Cheat Sheet 5.12.2014

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Last Week With the exception of the ECB, it was more of the same last week as economic data from the U.S., the EU and China confirmed what the market currently assumes and has priced in.  Those assumptions are that:   U.S. growth is recovering from the temporary winter drop, and 3% annual GDP growth is […]

Yellen Testimony

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Overall this was mostly a non-event, although on an otherwise slow news day, the press did try to spin some of her comments as mildly cautious on the economy. (However, the market didn’t really see it that way, evidenced by a stronger stock market and dollar, and weaker bonds and gold.). In particular, Chair Yellen […]

Gold Has Been One of the Best Stock Market Hedges So Far in 2014

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Although it’s not a traditional stock market hedge, the facts don’t lie:  Gold has been an effective equity hedge so far in 2014.  First, gold is up 8.53% versus 1.96% for the S&P 500.  Second, during times of market turmoil, gold has traded well.  During the three drops in the stock market this year ( […]