4,198. That’s where gold closed the week — down marginally for October, 10% below the August recovery high, and 15% below April’s record. The metal has spent three weeks pinned between 4,091 and 4,259, and the longer this compression lasts, the more violent its eventual resolution will be. The bull case, on its last legs […]
Sunday preview of a week where corporate America goes head-to-head with the currency market. Earnings season opens The big banks report starting Tuesday, kicking off the third-quarter season. Expectations are moderate — single-digit growth — which paradoxically raises the bar: after two consecutive seasons of beats, the market now treats outperformance as the default. Guidance […]
7,844. The S&P 500 printed that number on Tuesday — its highest level in history — before settling the week near 7,807. Six months after the June correction low of 7,238, the index has gained 8%, made fresh records in August, September and now October, and done it all against a macro backdrop that most […]
Weekend crypto watch, from the year’s most interesting chart. Bitcoin dipped to $80,337 on Friday — testing the big round number for the first time since the September breakout — and bounced hard, trading back near $82,500 by Saturday morning. The round-trip from Monday’s local highs near $87,100 has now retraced almost exactly 50% of […]
Quick Friday wrap before the weekend. The dollar’s October has been relentless. EUR/USD is trading near 1.116, down from 1.1255 at the start of the month, and closed the week at 1.1157 — the lowest weekly close of 2026. GBP/USD tested 1.3186 before recovering slightly to 1.3211, still pinned against the 1.32 line we’ve been […]