Risk: Another Bullish Gold Outlook
UBS raises gold prospects... and they might be TOO low.
We barrel into earnings season with a head full of steam. Don’t look now, but the 10-year is pushing back to 4%, which raises questions about collateral quality after all this expectation of economic weakness. I anticipate the banks will do well in the week ahead, but there’s been a lot of run-up.
Global Capital Watch
China easing/Japan planning. BTC back to $63,000.
Insider Buying:
Low insider buying levels continued on Friday. The director and 10% owner of Cartesian Therapeutics (RNAC) made the top buy on the day, $4.2 million.
Sold a credit spread in Southwest Airlines (LUV) Friday afternoon following a director’s sizable buy. For the full details of the trade, join Republic Insider here.
Market outlook:
Stock futures are pointing lower, signaling a pause in the recent rally that saw the Dow Jones hit another record high last Friday.
The 10-year Treasury yield has breached 4% for the first time since August, putting pressure on rate-sensitive tech stocks.
Investors are rethinking expecta…
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