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Precious Metals and the U.S. Dollar (DXY):I keep thinking that the 3% plunge in Gold (GLD) and the near 5% plunge in Silver (SLV) are a liquidation event into the end of the quarter in reaction to last week's parabolic spike in 10-year YIELD from 4.93% to 5.23%. A risk-off reflex action ahead of the start of Q4...That said, however, I also think that Wednesday's PCE Inflation report for August is the next significant headline risk (reward) for precious metals. If PCE comes in cooler than expected, then YIELD and the Dollar should moderate and the PMs should catch a bid.
November 17, 2021, Datadog traded just under $200 a share. But the crowd soured soon after. Within a year the stock had given back nearly 70%. Four Novembers later, it touched just above the $200 level. And the crowd soured again.Two peaks, four years apart, about two dollars from each other. The reasons behind each selloff had nothing in common. It's hard to see that and not wonder what else repeats.What Datadog DoesDatadog makes software that watches other software. When an app slows down or a server goes dark at 3 a.m., its platform is often what tells engineers where to look.
With this article, we continue our new series, “Don’t Bank On It,” which we intend to write for the foreseeable future.Those of you who have been following our public banking articles know that we have been highlighting the major existential issues currently sitting on many bank balance sheets. In this series, we focus on the existential issues found on one specific bank’s balance sheet. We also challenge readers to figure out which bank we are covering in each article.
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