Rosenberg Round-Up Rosenberg Research

This week, we dig into the combination of weak growth and hot consumer price inflation that nobody saw coming in the U.S. GDP report. Our spotlight is focused on Central Bank gold buying.

The Week in Review (0:54) — Our take on Q1 GDP, U.S. equities, and the risks in private markets

The Week Ahead (8:10) — Nonfarm payrolls will headline a busy week

The Spotlight (8:33) — Sustained central bank gold buying keeps our long-term $3,000 target intact

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We welcome author, investor, activist, thinker, and co-CIO of advisory firm Evergreen Gavekal, David "The Haymaker" Hay onto the Rosenberg Round-Up. 

Our interview with Dave marks the inaugural episode of a series of standalone interviews that will run alongside the weekly Roundup on a (roughly) 1-month cadence. In the series, we'll take you deeper on a range of topics with recognized experts. 

In this episode, Dave frames today's main market themes (from AI to Gold to fiscal policy to the Fed) from the perspective of broad cycles of economic and social history, and explains how the median investor is positioned "exactly improperly" for the risk environment that has built over the past decade.

For more on David Hay visit his Substack, "Haymaker": https://haymaker.substack.com/

For a 30-day free trial of our research, click here: https://web.rosenbergresearch.com/RosenbergRoundupTrial

This week, our spotlight is on our recent report on the wealth effects and its role as the driving force behind spending.

The Week in Review (1:19) — Markets at an inflection point as Fed cuts get pushed back

The Spotlight (8:22) — Wealth effects have put the wind in the U.S. consumer’s sails

Canada Corner (13:20) — We give the 2024 Budget a D- grade

For a 30-day free trial of our research, click here: ⁠⁠
https://web.rosenbergresearch.com/RosenbergRoundupTrial⁠

This week we try to extract some meaning from a weird and wacky Wednesday, when a slightly warmer-than-expected CPI number sent markets haywire. Later, we shine our spotlight on the implications of the gold run-up for mining stocks and silver prices.

The Week in Review (1:19) — Weird Wednesday

The Week Ahead (7:18) — Listen carefully to the Fedspeak

The Spotlight (8:44) — Will silver prices and mining stocks benefit from the gold surge?

Canada Corner (12:38) — The Bank of Canada (and the ECB) set out the path for rate cuts

For a 30-day free trial of our research, please click this link: ⁠⁠⁠ https://web.rosenbergresearch.com/RosenbergRoundupTrial

Access our latest Special Report on Gold: https://web.rosenbergresearch.com/gold-special-report

This week, our spotlight is on our recent gold special report, along with a touch on some other commodities.

The Week in Review (2:08) — A spring thaw in the U.S. data (but can it last?)

The Week Ahead (5:17) — All eyes on the BoC and ECB for a dovish tilt, and the U.S. CPI key for what the Fed says next

The Spotlight (6:12) — Gold to $3,000? And should we be worried about broader commodity prices?

Access our latest Special Report Why Gold Is Glittering — And Why It’s Headed For $3,000: https://web.rosenbergresearch.com/gold-special-report

For a 30-day free trial of our research, please click
this link:  ⁠⁠⁠ https://web.rosenbergresearch.com/RosenbergRoundupTrial

This week, we look back at some housing data and why there has been a pivot in that space. Our spotlight focuses on regional banks and why caution is warranted.

The Week in Review (3:10) — Is housing becoming a buyer's market? 

The Spotlight (6:06) — What do regional banks and rocket ships have in common?

Canada Corner (10:07) — Time to “smash the emergency glass” according to the Bank of Canada

For a 30-day free trial of our research, please click this link: ⁠⁠⁠ https://web.rosenbergresearch.com/RosenbergRoundupTrial