Craig Hemke – Economic Data Points To Watch As We Navigate The Sideways Chop
Craig Hemke, Founder of TF Metals Report joins us to review some of the upcoming economic data points to watch out for over the next 2 weeks, as we continue to see choppy range-bound markets across the board. We discuss the overall health of the price action we’ve seen in gold, silver, and the precious metals mining stocks over the last 6 months in a 2 steps forward then 1 step back stair-step progression higher.
In the most recent past few weeks, Craig notes the sentiment change we’ve seen based on the markets Fed rate hike expectations, and a reduction in concerns with the banking sector, lessoning the bid for the PMs in sympathy. He points to the FOMC meeting and the ECB meeting next week as potential market moving events. No doubt, we’ll see market participants parsing Jerome Powell’s comments to establish the tone and direction of markets until the next Fed meeting.
We wrap up discussing how many generalist investors and financial media are still out of touch with the ongoing stagflationary environment that is likely morphing towards a recession later in the year, and how the Fed will need to reverse course from hiking to cutting, kicking off another monetary cycle.