Silver

1 big thing: Trump lambasts Fed rate hikes In an interview with CNBC, US President Donald Trump said “I’m not thrilled,” with the Fed's monetary policy. He continued by saying, “because we go up and every time you go up they want to raise…

Oil prices are at a point where Donald Trump may consider using the using the Strategic Petroleum Reserve to provide modest price relief to consumers.

UPDATE 815AM EDT: I see Reuters has reported that "Trump says that NATO allies have committed to raising defense spending beyond 2 percent of GDP." This reporting validates everything I write here. ------------ We have a lot of new…

Trump is not merely a loudmouth, making enemies of America's allies. He is trying to muscle out Vladimir Putin and his Nord Stream 2 pipeline so that US oil and gas companies can benefit.

Turkish bond yields are skyrocketing as the Turkish lira plummets. The question, though, is whether Turkey is an outlier or a sign of more to come.

GDPNow for the second quarter is still at a breathtakingly high 4.5%. And it's beginning to look like we are going to come in well above 3% growth for the quarter. Consensus estimates are at 3.5%. Meanwhile the yield curve continues to…

This is a 2019 outcome. For now, it's smooth sailing economically. But when this cycle turn, it will turn hard.

Increasing the pace of quantitative tightening in lieu of raising rates would give the Fed the opportunity to test what impact this has on the slope of the yield curve.

My expectation is for the Fed to raise rates, keep guidance the same but be slightly more hawkish.

The macro data are good enough for the Fed to dismiss economic concerns for adding a hike in December. The market is only pricing in this hike at 33.2%.