(Photo by Alexander RyuminTASS via Getty Images) The trend is your friend is an investment adage that is usually associated with short term traders, employing technical analysis or other momentum strategies. It can also apply to thematic investors seeking to identify mega-trends that will last decades. These are trends so clearly in place, it is
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President Donald Trump‘s growing dissatisfaction with Federal Reserve Chairman Jerome Powell could be veering into dangerous territory: Late Friday, Bloomberg News, citing four unnamed sources, reported that Trump has discussed firing the central bank head. With the Fed embarked on a campaign to tighten monetary policy, the president has repeatedly attacked Powell, reportedly fearful that
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Gold is getting its shine back. The traditional safe-haven asset has rallied more than 3 percent this month, as investors sought shelter from a volatile stock market. The surge has even prompted praise from Mad Money’s Jim Cramer for gold’s “bull market.” Market uncertainties such as trade tensions and other geopolitical worries tend to increase
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President Donald Trump is adamantly opposed to the Federal Reserve’s rate hike campaign, but has never suggested firing Fed Chairman Jerome Powell, Treasury Secretary Steven Mnuchin said on Saturday, moving to defuse a controversy that could roil global markets even further. Late Friday, Bloomberg News, citing four unnamed sources, reported that Trump has discussed firing
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President Donald Trump wants to fire Federal Reserve Chairman Jerome Powell for raising interest rates, according to a report, an unprecedented action by a president against the independent body that could undermine confidence in the U.S. financial system already under the strain of a vicious equity sell-off. Trump has discussed firing Powell privately because of
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New York Fed President John Williams took a step Friday toward undoing the blunt blow to markets delivered by the Federal Reserve and Fed Chairman Jerome Powell on Wednesday. Stocks initially jumped, the dollar rose and bonds sold off, after Williams indicated the Fed would be flexible and could consider changing policy if the economy
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