This is an unusual episode of Resource Talks, because it’s just me talking while on a screen share, without any interviews. It’s probably not worth your time as I just shared a few articles that are broadly discussed and added my (rather shallow) thoughts.
I also shared my thoughts on when & why uranium stocks will move. I think it’ll take either a decoupling, due to a supply shock (or a spike in demand), or when risk comes back on in the market, after the FED has stop hiking, or has at least slowed down the pace of the rate hikes.
Next week, the show should be back to normal, with Lobo Tiggre and a Regular Portfolios guest.
- The top 3 best-performing commodities this week were:
- Coal : +8%
- Nat gas: +9%
- Coffee: +7.5%
- The top 3 worst-performing commodities this week were:
- Crude oil: -5%
- Palladium: -4.3%
- Zinc: -3.5%
What to watch next week?
Next week should give us further insights into whether the FED is going for the 0.50% hike, as the US will be announcing Q3 GDP, as well as JOLTs job openings, Pending Home Sales, and PCE on Wednesday.
On Thursday, jobless claims and the Manufacturing PMI for November will be announced.
All of this will likely be magnified by the unemployment rate numbers on Friday.
Those will be some of the biggest news before the next FED interest rate decision next month, so they will be watched closely.
If the numbers show that there is no more room for hikes (ie: if the numbers are worse than expected), then we might see risk coming back on in the markets.
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