Summary Of the Markets Today:

• The Dow closed down 63 points or 0.18%,
• Nasdaq closed down 0.59%,
• S&P 500 closed down 0.20%, High 4,319: 4,200 = critical resistance level)
• Gold $2,001 up $20.70,
• WTI crude oil settled at $78 down $0.01,
• 10-year U.S. Treasury 4.406% down 0.016 points,
• USD Index $103.60 up $0.160,
• Bitcoin $36,869 down $574 ( 1.53% )

*Stock data, cryptocurrency, and commodity prices at the market closing.

Click here to read our Economic Forecast for November 2023

Today’s Economic Releases Compiled by Steven Hansen, Publisher:

CoreLogic’s Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across major metropolitan areas shows annual U.S. single-family rent growth dropped to the lowest level in three years in September, but the 2.6% increase is down only slightly from the pre-pandemic average. Molly Boesel, principal economist for CoreLogic stated:

Single-family rent growth eased again in September and is now back to the rate recorded before the pandemic. While low-tier rental gains are slowing, they have still surpassed those of their higher-priced counterparts since early 2020. Slowing month-over-month rent growth in September reflects typical seasonal patterns, but indications are that annual gains will remain positive through the rest of 2023.

The Ports of Los Angeles and Long Beach (who handle over 40% of container freight traffic in the US) had another good month in October 2023 with imports up 17.0% year-over-year and exports unchanged YoY. Rising import data generally signals an improving US economy.

Led by declines in production-related indicators, the Chicago Fed National Activity Index (CFNAI) three-month moving average, CFNAI-MA3, decreased to –0.22 in October from a neutral value in September. I believe the CFNAI is the best coincident indicator which is saying that the economy has slowed. Periods of economic expansion have historically been associated with values of the CFNAI-MA3 above –0.70.

Existing-home sales dropped in October 2023 with year-over-year sales tumbling 14.6%. The median existing-home price for all housing types in October was $391,800, an increase of 3.4% from October 2022 ($378,800).  NAR Chief Economist Lawrence Yun added:

Prospective home buyers experienced another difficult month due to the persistent lack of housing inventory and the highest mortgage rates in a generation. Multiple offers, however, are still occurring, especially on starter and mid-priced homes, even as price concessions are happening in the upper end of the market.

Highlights of the minutes of the Federal Open Market Committee held on October 31–November 1, 2023:

… Participants noted that real GDP had expanded at an unexpectedly strong pace in the third quarter, boosted by a surge in consumer spending … Participants assessed that while labor market conditions remained tight, they had eased since earlier in the year, partly as a result of recent increases in labor supply.

… some participants remarked that the finances of some households—especially those in the low- and moderate-income categories—were increasingly coming under pressure amid high prices for food and other essentials as well as tight credit conditions. Several participants added that delinquencies on auto loans and credit cards had risen for these households.

… Participants observed that, notwithstanding the moderation of inflation so far, inflation remained well above the Committee’s 2 percent longer-run objective and that elevated inflation was continuing to harm businesses and households, particularly low-income households. Participants stressed that they would need to see more data indicating that inflation pressures were abating to be more confident that inflation was on course to return to 2 percent over time.

… Participants noted that in recent months, financial conditions had tightened significantly because of a substantial run-up in longer-term Treasury yields, among other factors. Higher Treasury yields contributed to an increase in 30-year mortgage rates to levels not seen in many years and led to higher corporate borrowing rates. Many participants observed that a range of measures suggested that the rise in longer-term yields had been driven primarily or substantially by a rise in the term premiums on Treasury securities. Participants generally viewed factors such as a fiscal outlook that suggested greater future supply of Treasury securities than previously thought and increased uncertainty about the economic and policy outlooks as likely having contributed to the rise in the term premiums. 

… Participants commented on the significant tightening in financial conditions in recent months, driven by higher longer-term yields, with many noting that it was uncertain whether this tightening of financial conditions would persist and to what extent it reflected expectations for tighter policy or other factors. Amid these economic conditions, all participants judged it appropriate to maintain the target range for the federal funds rate at 5¼ to 5½ percent at this meeting. Participants judged that maintaining this restrictive stance of policy at this meeting would support further progress toward the Committee’s goals while allowing more time to gather additional information to evaluate this progress. 

… But with inflation still well above the Committee’s longer-run goal and the labor market remaining tight, most participants continued to see upside risks to inflation. These risks included the possibility that the imbalance of aggregate demand and supply could persist longer than expected and slow the progress on inflation, geopolitical tensions and risks emanating from global oil markets, the effects of a tight housing market on shelter inflation, and the potential for more limited declines in goods prices.

Here is a summary of headlines we are reading today:

• Is Elon Musk’s Social Media Drama Hurting Tesla?
• Thanksgiving Travel Underway With Gasoline Demand Jumping 7.6%
• Ford Scales Back Capacity Of New Battery Plant By 42%
• Copper Prices Inch Higher on Shifting Sentiment
• Trillion Dollar Bailout: What Xi Really Wants From Biden
• Fed gave no indication of possible rate cuts at last meeting, minutes show
• The S&P 500 is starting to form a ‘cup and handle’ pattern. How to watch for the potential breakout ahead
• ‘Funflation’ drives sporting event ticket prices up a whopping 25%
• High-End Retailers Face Downturn As Wealthy Americans Cut Back On Spending

Click on the “Read More” below to access these, other headlines, and the associated news summaries moving the markets today.

• The Dow closed up 204 points or 0.58%,
• Nasdaq closed up 1.13%,
• S&P 500 closed up 0.74%,
• Gold $1,980 down $5.00,
• WTI crude oil settled at $78 up $1.81,
• 10-year U.S. Treasury 4.422% down 0.019 points,
• USD Index $103.48 down $0.440,
• Bitcoin $37,494 up $566 ( 1.53% )

*Stock data, cryptocurrency, and commodity prices at the market closing.

Click here to read our Economic Forecast for November 2023

Today’s Economic Releases Compiled by Steven Hansen, Publisher:

The Conference Board Leading Economic Index (LEI) for the U.S. fell by 0.8 percent in October 2023 to 103.9 (2016=100), following a decline of 0.7 percent in September. The Conference Board continues to see a recession in the near future. Justyna Zabinska-La Monica, Senior Manager, Business Cycle Indicators, at The Conference Board, adds:

The US LEI trajectory remained negative, and its six- and twelve-month growth rates also held in negative territory in October. Among the leading indicators, deteriorating consumers’ expectations for business conditions, lower ISM® Index of New Orders, falling equities, and tighter credit conditions drove the index’s most recent decline. After a pause in September, the LEI resumed signaling a recession in the near term. The Conference Board expects elevated inflation, high-interest rates, and contracting consumer spending—due to depleting pandemic saving and mandatory student loan repayments—to tip the US economy into a very short recession. We forecast that real GDP will expand by just 0.8 percent in 2024.

Here is a summary of headlines we are reading today:

• Clean Energy Start-ups Are Struggling As They Wait For Federal Aid
• Coast Guard Says Up to 26,000 Barrels May Have Leaked Into Gulf of Mexico
• Oil Giant YPF Surges 40% After Outsider Wins Argentinian Presidential Election
• Houthi Ship Seizure Threatens Oil Market Stability
• Nvidia stock closes at all-time high, a day before earnings
• U.S. gas prices are falling and could hit the cheapest Thanksgiving day price since 2020
• Hundreds of OpenAI employees threaten to follow Altman to Microsoft unless board resigns
• Most Americans tip 15% or less at a restaurant — and some tip nothing, poll finds
• Market Snapshot: Dow Jones climbs, S&P 500 aims to exit correction on hopes the Fed is finished raising rates

Click on the “Read More” below to access these, other headlines, and the associated news summaries moving the markets today.

• The Dow closed up 2 points or 0.01%,
• Nasdaq closed up 0.08%,
• S&P 500 closed up 0.13%,
• Gold $1,983 down $4.10,
• WTI crude oil settled at $76 up $2.89,
• 10-year U.S. Treasury 4.439% down 0.006 points,
• USD Index $103.87 down $0.470,
• Bitcoin $36,392 up $484 ( 1.59% )
• Baker Hughes Rig Count: U.S. up 2 to 618 rigs

*Stock data, cryptocurrency, and commodity prices at the market closing.

Click here to read our Economic Forecast for November 2023

Today’s Economic Releases Compiled by Steven Hansen, Publisher:

Privately‐owned housing units authorized by building permits in October 2023 were down 4.4% YoY – up from the -7.4% the previous month (blue line on the graph below). Privately‐owned housing starts were down 4.2% YoY – up from the 8.0% the previous month (red line on the graph below). Privately‐owned housing under construction were little changed at 1,674,000 annualized (orange line on the graph below). Privately‐owned housing completions were down to 1,410,000 annualized – down from the 1,478,000 the previous month (green line on the graph below). Cutting through the haze of the data, new housing is actually fairly strong despite high interest rates as evidenced by the high count of units under construction and completed.

Here is a summary of headlines we are reading today:

• OPEC Said To Consider Additional 1 Million Bpd Output Cut
• Oil Gains Over 4% Likely On Profit-Taking, Short Covering
• Breakthrough Research Unveils True Cause of Battery Degradation
• US Drillers See Sharpest One-Week Increase In Oil Rigs Since February
• U.S. Sanctions U.A.E. Maritime Firms for Bypassing Russian Oil Price Cap
• OpenAI’s Sam Altman exits as CEO because ‘board no longer has confidence’ in ability to lead
• Black Friday came early this year, signaling worries about holiday demand
• S&P 500 ends Friday slightly higher, major averages cruise to third week of gains: Live updates
• White House blasts Elon Musk for promoting ‘Antisemitic and racist hate’
• Autumn Statement: Jeremy Hunt considering cuts to inheritance tax
• Market Snapshot: U.S. stocks rise, Dow heads for third straight week of gains

Click on the “Read More” below to access these, other headlines, and the associated news summaries moving the markets today.

Summary Of the Markets Today:

• The Dow closed down 46 points or 0.14%,
• Nasdaq closed up 0.07%,
• S&P 500 closed up 0.12%,
• Gold $1,985 up $20.20,
• WTI crude oil settled at $73 down $3.79,
• 10-year U.S. Treasury 4.449% down 0.088 points,
• USD Index $104.42 up $0.020,
• Bitcoin $36,903 down $1,660 ( 4.42% )

*Stock data, cryptocurrency, and commodity prices at the market closing.

Click here to read our Economic Forecast for November 2023

Today’s Economic Releases Compiled by Steven Hansen, Publisher:

Industrial production declined 0.7% year-over-year in October 2023 (blue line in the graph below).  The manufacturing component fell 1.7% year-over-year (red line in the graph below), the utilities component was up 2.9% year-over-year (green line in the graph below), and the mining component was up 2.2% year-over-year (orange line in the graph below). Much of the decline this month in manufacturing was due to a 10 percent drop in the output of motor vehicles and parts that were affected by strikes at several major manufacturers of motor vehicles.  Capacity utilization moved down 0.6 percentage points to 78.9 percent in October, a rate that is 0.8 percentage point below its long-run (1972–2022) average. Manufacturing remains in a recession.

The Philly Fed Manufacturing Business Outlook Survey shows manufacturing activity in the region continued to decline overall in November 2023. The survey’s indicator for general activity rose but remained negative. The indicator for shipments turned negative, while the indicator for new orders was positive but low. I will never be a fan of surveys, and this one directly contradicts the New York Fed’s Empire manufacturing survey released yesterday. I see very few signs of the manufacturing sector climbing out of its current recession.

U.S. import prices declined 2.0% year-over-year in October 2023 – down from -1.5% year-over-year the previous month. Export prices also declined -4.9% year-over-year – down from -4.3% year-over-year the previous month. Disinflation continues in export/import data – and is normally a signal of weak economies.

Boards are making leadership changes to better manage the issues of remote workers, to weather economic headwinds, and incorporate new technology. Meanwhile, CEOs who have taken on unprecedented challenges the last few years are taking the opportunity to leave.

Here is a summary of headlines we are reading today:

• EU Clamps Down on Companies Aiding Russian War Efforts
• Innovative Glass Coating Harnesses Cosmic Cold for Climate Control
• Thanksgiving Travel Surges To Pre-Covid Peaks, Marking A Return To Normalcy
• Oil Sheds Over 3% As Markets Remain Unconvinced On China
• America’s Best-Selling Sedan Will Be Hybrid-Only by 2025
• Deflation could be coming this holiday season, Walmart CEO says
• Judge lifts Trump gag order in $250 million New York business fraud case
• Boeing bonanza leaves rival Airbus in the dust at 2023 Dubai Air Show with three times more aircraft orders
• Over 100 Faculty Rip Harvard President’s Condemnation Of Slogan “From The River To The Sea”
• Elon Musk pours cold water on Starlink IPO in 2024
• Bond Report: 10-year Treasury yield sinks to 4.4% on softer economic data, Walmart CEO talks of ‘deflation’

Click on the “Read More” below to access these, other headlines, and the associated news summaries moving the markets today.

Summary Of the Markets Today:

• The Dow closed up 164 points or 0.47%,
• Nasdaq closed up 0.07%,
• S&P 500 closed up 0.16%,
• Gold $1,963 down $3.40,
• WTI crude oil settled at $77 down $1.70,
• 10-year U.S. Treasury 4.539% up 0.098 points,
• USD Index $10.43 up $0.380,
• Bitcoin $37,566 up $2,266,

*Stock data, cryptocurrency, and commodity prices at the market closing.

Click here to read our Economic Forecast for November 2023

Today’s Economic Releases Compiled by Steven Hansen, Publisher:

The Producer Price Index for final demand rose 1.3% year-over-year in October 2013 – down from 2.1% in September (blue line in the graph below). Services (green line on the graph below) that comprise 67% of final demand declined to 2.6% growth year-over-year but goods (green line on the graph below) have returned to deflation.

Retail sales remain sluggish with U.S. retail and food services sales for October 2023 up 2.5% above October 2022 – 1.2% inflation-adjusted (down from 1.8% year-over-year last month). This is a significant sign of economic slowing with significant declines in home furnishing, building materials, gas stations, sporting goods, and department stores. Interestingly, food store expenditures increased only 0.9% when yesterday’s consumer price index shows inflation was 3.3% – this means people are buying less food and/or buying hamburger instead of steak (this is a sign of household economic stress).

The November 2023 Empire State Manufacturing Survey‘s index grew modestly with the headline general business conditions index climbing fourteen points to 9.1. New orders remain in negative territory. I would not bet the farm on the relative strength or weakness of the regional Fed surveys.

Here is a summary of headlines we are reading today:

• Green Ammonia Breakthrough to Transform Fuel and Fertilizer Industries
• As Oil Prices Fall, Russia To Slash Crude Export Duties
• Top German Court Voids $65 Billion of Government Climate Funding
• Kuwait Working to Restart Mega Refinery After Sudden Halt
• Target CEO claims customers are saying ‘a big thank you’ for locking up merchandise
• The market thinks the Fed is going to start cutting rates aggressively. Investors could be in for a letdown
• Dow adds more than 150 points to clinch fourth winning day, fueled by cooling inflation data: Live updates
• Microsoft is fine avoiding China as U.S. considers national security implications, CEO Satya Nadella says
• Trump’s Truth Social Announces Merger ‘Milestone’ As Filings Show $73 Million Loss
• Intel board member buys $2.5 million in stock — and has a ‘solid’ track record
• Investors are thrilled inflation is down. Consumers aren’t so happy. Here’s why.

Click on the “Read More” below to access these, other headlines, and the associated news summaries moving the markets today.

Summary Of the Markets Today:

• The Dow closed up 490 points or 1.43%,
• Nasdaq closed up 2.37%,
• S&P 500 closed up 1.91%,
• Gold $1966 up $17,
• WTI crude oil settled at $78 down $0.01,
• 10-year U.S. Treasury 4.455% down 0.178 points,
• USD index $104.08 up $0.08,
• Bitcoin $31,177 down $1.55

Click here to read our Economic Forecast for November 2023

Today’s Economic Releases Compiled by Steven Hansen, Publisher:

The Consumer Price Index for All Urban Consumers (CPI-U) declined from 3.7% year-over-year to 3.2% year-over-year. This decline was a surprise to me – and was driven by a significant decline in gasoline prices. The price of West Texas Intermediate crude oil is down 4.1% on 30 October 2023 year-over-year. I believed oil prices would rise for the rest of the year. The decline in inflation year-over-year is positive news for the markets as THEY believe it signals the Federal Reserve that inflation is coming under control – and no further federal funds rate increases are needed.

The NFIB Optimism Index decreased 0.1 points in October 2023 to 90.7, marking the 22^nd month below the 50-year average. The last time the Optimism Index was at or above the average was December 2021. NFIB Chief Economist Bill Dunkelberg stated:

The October data shows that small businesses are still recovering, and owners are not optimistic about better business conditions. Small business owners are not growing their inventories as labor and energy costs are not falling, making it a gloomy outlook for the remainder of the year.

Here is a summary of headlines we are reading today:

• Israel’s Natural Gas Flow To Egypt To Return To Normal Next Week
• Aluminum Prices Struggle As Demand Dwindles
• Russia’s Oil Export Revenue Slips In October
• The U.S. Just Recorded Its Highest Oil Production Month In History
• Russia Claims It Will Continue To Adapt To Oil Sanctions
• S&P 500 notches best day since April, Dow leaps nearly 500 points on soft inflation report: Live updates
• Cooler monthly inflation report pushes mortgage rates even lower
• Stocks Soar, Yields And Dollar Crash As Fed’s Tightening Cycle Dies, Countdown To Cuts Begins
• Google sends a third of Safari ad revenue to Apple

Click on the “Read More” below to access these, other headlines, and the associated news summaries moving the markets today.

Summary Of the Markets Today:

• The Dow closed up 55 points or 0.16%,
• Nasdaq closed down 0.22%,
• S&P 500 closed down 0.08%, High 4,319: 4,200 = critical resistance level)
• Gold $1,951 up $12.90,
• WTI crude oil settled at $79 up $1.34,
• 10-year U.S. Treasury 4.632% up 0.004 points,
• USD Index $105.66 down $0.210,
• Bitcoin $36,828 down $546,

*Stock data, cryptocurrency, and commodity prices at the market closing.

Click here to read our Economic Forecast for November 2023

Today’s Economic Releases Compiled by Steven Hansen, Publisher:

Fourth Quarter 2023 Survey of Professional Forecasters now shows the outlook for the U.S. economy looks somewhat better now than it did three months ago. The forecasters predict the economy will expand at an annual rate of 1.3 percent this quarter, up slightly from the prediction of 1.2 percent in the last survey. On an annual-average over annual-average basis, the forecasters expect real GDP to increase 2.4 percent in 2023 and 1.7 percent in 2024. These annual projections are 0.3 and 0.4 percentage point higher than the estimates in the previous survey.

Here is a summary of headlines we are reading today:

• The Surprising Scarcity Of Suitable Sand
• NASA’s Breakthrough In Battery Tech Paves Way For Electric Aviation
• Chinese Bitcoin Mining Operations Raise U.S. National Security Alarm
• Goldman Sachs Sees 31% Returns For Energy Over 12 Months
• Baker Hughes: Geopolitical Risks Are At The Highest Since 1973 Oil Embargo
• Moody’s warning on the massive U.S. debt burden has turned into a nonevent
• Spot bitcoin ETF approval by the SEC is approaching, experts say. What that means for investors
• Market Snapshot: Dow Jones edges higher as inflation data looms

Click on the “Read More” below to access these, other headlines, and the associated news summaries moving the markets today.

Summary Of the Markets Today:

• The Dow closed up 391 points or 1.15%,
• Nasdaq closed up 2.05%,
• S&P 500 closed up 1.56%, High 4,319: 4,200 = critical resistance level)
• Gold $1,940 down $29.90,
• WTI crude oil settled at $77 up $1.55,
• 10-year U.S. Treasury 4.620% down 0.010 points,
• USD Index $105.80 down $0.110,
• Bitcoin $37,287 up 2.00%,
• Baker Hughes Rig Count: U.S. -2 to 616 Canada +3 to 199

*Stock data, cryptocurrency, and commodity prices at the market closing.

Click here to read our Economic Forecast for November 2023

Today’s Economic Releases Compiled by Steven Hansen, Publisher:

University of Michigan consumer sentiment slipped for the fourth straight month, falling 5% in November 2023. While current and expected personal finances both improved modestly this month, the long-run economic outlook slid 12%, in part due to growing concerns about the negative effects of high-interest rates. Ongoing wars in Gaza and Ukraine weighed on many consumers as well. Overall, lower-income consumers and younger consumers exhibited the strongest declines in sentiment. In contrast, the sentiment of the top tercile of stockholders improved 10%, reflecting the recent strengthening in equity markets.

Here is a summary of headlines we are reading today:

• Germany To Bail Out Siemens’ Struggling Wind Turbine Division
• Plug Power Crashes After ‘Going Concern’ Warning
• U.S. Oil Rigs Continue To Fall
• Maine Voters Reject State Takeover Of Private Utilities Companies
• U.S. Space Force Partners With Elon Musk To Launch Mysterious X-37B Space Plane
• Swedish Union Blocks Tesla Imports As Labor Dispute Escalates
• Dow leaps nearly 400 points Friday, major averages notch a second week of gains: Live updates
• Fed’s Mary Daly says it’s ‘too early to declare victory’ on inflation
• Patients are lining up for $2,500 full-body MRI scans that can detect cancer early
• Iran Warns Of ‘Inevitable Expansion’ Of War After IDF Conducts Flag-Raising Ceremony In Gaza
• Crypto: Bitcoin could reach $150,000 in 2025 during new bull cycle, says AllianceBernstein
• Futures Movers: Oil tallies a third straight weekly fall, pressured by demand worries and a potential supply surplus

Click on the “Read More” below to access these, other headlines, and the associated news summaries moving the markets today.

Summary Of the Markets Today:

• The Dow closed down 220 points or 0.65%,
• Nasdaq closed down 0.94%,
• S&P 500 closed down 0.81%, High 4,319: 4,200 = critical resistance level)
• Gold $1,964 up $5.70,
• WTI crude oil settled at $76 up $0.26,
• 10-year U.S. Treasury 4.634% up 0.126 points,
• USD Index $105.95 up $0.350,
• Bitcoin $36,560 up 2.64%,

*Stock data, cryptocurrency, and commodity prices at the market closing.

Click here to read our Economic Forecast for November 2023

Today’s Economic Releases Compiled by Steven Hansen, Publisher:

In the week ending November 4, the advance figure for seasonally adjusted initial unemployment claims 4-week moving average was 212,250, an increase of 1,500 from the previous week’s revised average. The previous week’s average was revised up by 750 from 210,000 to 210,750.

Here is a summary of headlines we are reading today:

• Still On The Auction Block, Citgo Sees 19% Jump In Q3 Net Profit
• Egypt Can’t Ramp Up LNG Supply To Europe Due To The Hamas-Israel War
• Saudi Arabia’s Energy Minister Blames Speculators For Oil Price Plunge
• Shell Sues Greenpeace For Boarding Oil Production Vessel
• Powell says Fed is ‘not confident’ it has done enough to bring inflation down
• S&P 500 snaps 8-day winning streak, Dow closes 200 points lower as bond yields rise: Live updates
• IRS announces new income tax brackets for 2024
• SEC chair Gary Gensler says an FTX reboot could happen if it follows the law: CNBC Crypto World
• Stocks Tumble, Yield Surge After Catastrophic 30Y Auction Stops With Biggest Tail On Record As Foreign Demand Craters
• TaxWatch: Standard deductions for 2024 taxes will jump 5.4% due to inflation, IRS numbers show
• Futures Movers: Oil ends higher after 2-day drop to nearly 4-month lows

Click on the “Read More” below to access these, other headlines, and the associated news summaries moving the markets today.

Summary Of the Markets Today:

• The Dow closed down 40 points or 0.12%,
• Nasdaq closed up 0.08%,
• S&P 500 closed up 0.10%,
• Gold $1,955 down $18.30,
• WTI crude oil settled at $76 down $1.70,
• 10-year U.S. Treasury 4.515% down 0.056 points,
• USD Index $105.53 down $0.01,
• Bitcoin $35,616 down 0.51%,

Click here to read our Economic Forecast for November 2023

Today’s Economic Releases Compiled by Steven Hansen, Publisher:

September 2023 year-over-year unadjusted sales of merchant wholesalers were down 1.7% from the revised September 2022 level (down 7.1% year-over-year inflation-adjusted). Total inventories were down 1.2% from the revised September 2022 level. The September inventories/sales ratio was 1.33 (blue line on the graph below). The September 2022 ratio was 1.36. Obviously these are not good numbers but this sector is changing and the bad numbers may have no meaning.

Here is a summary of headlines we are reading today:

• Steel Prices Rise As Supply Tightens
• UK Dishes Out More Sanctions On Russia’s Oil, Gold Players
• Barclays Slashes $4 Off Brent Crude Oil Forecast For 2024
• Beyond EVs: Dual-Ion Battery Tech Takes A Leap
• Gold Retreats from $2,000 Mark As Economic Worries Fade
• S&P 500 is flat Wednesday, struggles to build on longest winning streak since 2021: Live updates
• Gambino family Mafia crackdown: 16 arrests by New York feds and Italian authorities
• Caesars reaches deal with Las Vegas union to avoid strike
• The Interest Rate Shock Will Blow Up The Government’s Ponzi Game
• Rickards: Why’s The Dollar So Darn Strong?

Click on the “Read More” below to access these, other headlines, and the associated news summaries moving the markets today.