Despite its reputation as a safe haven investment in uncertain times, gold performed poorly in Samvat 2077, the Hindu calendar year ending on Wednesday. Mint explains the anomaly which comes after a robust rally in previous years
as lawmakers head to the august recess. they must work out a deal by fall. a default, of course, would risk the position of u.s. debt as the global safe haven investment. that could rattle markets. but for now, markets are not paying any attention. they are enjoying record highs. and the president taking all the credit, of course. want to show you stocks since his inauguration. a big rally over the past two and a half years here. certainly looking at the short-term in markets, not the long-term with the deficits. that s right. these rising stock markets not going to make the deficits go away. not even close. it s exactly what people predicted over the last two years. supposed to fix the roof when the sun is shining, right? the sun s shining in the economy. fix the problems. fed chairman powell said there will be consequences. perhaps higher interest rates but not there yet. at least 35 people injured after severe and sudden turbulence sent passengers on an air canada flight fly
raised the risk of reaching default much soon every. a default would risk the position of u.s. debt as the global safe haven investment. the calendar is a mine field as lawmakers head to the august recess, 20 days for the senate, a dozen or so working days for the house. there is budget uncertainty, lawmakers must work out a budget deal by the fall. another government shut downs or maybe deep spending cuts or failing to raise the debt limit. all of these are risks for the economy. the economy says the bipartisan policy center warned if they do not raise the debt ceiling before recess, lawmakers would be placing a reckless risk on the full faith and credit of the united states. i get the sense that the administration won t meet the president s eight-year deadline to get rid of the $22 million debt. that campaign promise is not one on a white board trying to be crossed off in the white house. christine romans, thank you very much. a star is born at wimbledon. 15-year-old coco gau
month. gold is seen as a safe haven investment. so gold is up, stocks down. i ve been talking to investors throughout the day. after this initial sell off, the general read was this meeting being called off with north korea for now. doesn t necessarily change an investor outlook. maybe it complicated trade negotiations with china. most seem to consider this and to some extent the auto tariffs to be noise. as dan said, the auto tariffs, who knows whether or not they cam to fruition. it s a big time wait and see. it is. a big so what on watt street. the president rolled back restrictions on banks today as well. yeah. that is something that is quite well received in the market. you wouldn t know it today necessarily. financial stocks haven t done that great. many rallied ahead of the bill signing and the watt street saying has been you buy the rumor, sell the news.
least. smart phone grand daddy taking drastic measures to keep itself alive. put itself up for sale, laid off around 40% of its work force. before canceling plans to sell itself. even that may not save the company. number seven, tech winners. a year and half after facebook s ipo, and twitter with the stock exchange, make something co-founders very, very, very wealthy. but they can t reach google. google up to a $1,000 a share. number six, in bitcoin we trust. showing the world that it s real. at least for now. and some are calling it the safe haven investment for the 21st century. despite massive volatility on the way. the little virtual currency that