Markets Shaken By Yellen’s Comments and Weak Economic Data

Cory

7 years ago

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It was another interesting week in terms of economic and political news as well as central bank news. On the economic front Core CPI disappointed with a 0.1% increase and retail sales posted a decrease that was not anticipated. Ont he central bank front we had Yellen address Congress and the Senate, with not much new to say, and the Bank of Canada raise rates 25 basis points.

On the back of all the news precious metals rallied after 5 straight down weeks and the broad averages largely ignored everything mentioned above. We look ahead tot he rest of summer and the year to assess what will be the major trends.

I always love to hear from all of you! Please email me at anytime if there are any companies (especially ones at the upcoming Sprott Conference) that you would like me to reach out to and have on the show. My email is Fleck[at]kereport.com.

We hope everyone has a great weekend! I will be at the Make A Wish Slow Pitch For Kids Tournament in Vancouver. It’s one of our favorite tournaments and supports a great organization.

Segment 1: Brent Cook kicks off the show outlining the resource sector and stocks he is focusing on currently.
Segment 2: Excelsior Mining President and CEO Stephen Twyerould updates us on the recent amended permit at the Johnson Camp Mine and the overall Gunnison Copper Project.
Segment 3: Trader Vic argues the Fed still has your back after what Yellen said to Congress and the Senate.
Segment 4: Marc Chandler outlines the change sin money flow we are seeing around the world.
Segment 5: Valentin Schmidt Business Editor of The Epoch Times discusses the real estate environment in Mainland China.
Segment 6: Valentin Schmidt discusses free press and the origin of The Epoch Times.
Segment 7: Big Al discusses political warfare with senior political writer of The Epoch Times Josh Phillips.
Segment 8: Chris Temple joins Big Al and Josh Phillips in discussing domestic political warfare.

Important Company Updates This Week

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