Author: Money Mechanics

’s massive breakout this month has left it pretty stretched technically. Blasting back up into extreme-overbought territory multiplies ’s odds for an imminent rebalancing selloff. That would be very healthy for this mighty bull’s longevity, normalizing these record prices and bleeding off excessive greed. Gold is also facing other factors beyond overboughtness arguing for a breather, which would be a buying opportunity. From a short-term-market-action perspective, absolute price levels don’t matter much. Traders are quick to adapt to new price regimes, soon accepting them as normal. But how fast prices moved to any new prevailing levels is very important. If…

Chicago is lending cash to its underfunded pensions so they have enough money to avoid asset sales to cover retirement checks as they wait for property taxes to come in after a computer issue delayed collections. We have discussed the Chicago BOE paper before; this is a direct impact on how those bonds are paid. We have advised that, should you hold this debt, it would be wise to discuss with our team the attributes of the structure and how that structure is impacted by tax collections (or the lack of) on an annual basis. As it relates to jobs,…

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. September 19, 2025 Federal Reserve Board publishes agenda for its community bank conference, which will take place on Thursday, October 9 For release at 12:00 p.m. EDT The Federal Reserve Board on Friday published the agenda for its community bank conference, which will take place on Thursday, October 9. The conference will bring together a range of interested parties to discuss key issues facing the community bank sector. “Community banks are the cornerstone…

U.S. Treasury Secretary Scott Bessent speaks to the press, on the day of U.S.-China talks on trade, economic and national security issues, in Madrid, Spain, September 15, 2025. Violeta Santos Moura | ReutersWhite House confidante Steve Bannon has an unusual solution for who should take over as Federal Reserve Chair Jerome Powell next year.In a podcast interview with Sean Spicer, who served as White House press secretary during President Donald Trump’s first term, Bannon recommended that Treasury Secretary Scott Bessent helm the central bank — while also keeping his current position.”I am a big believer that on an interim basis,…

When is October Prime Day 2025? Amazon’s October Prime Day sale will be held on October 7 and 8, 2025. But you can already find markdowns on gaming desktops and laptops, components and accessories ahead of the official sale.Are gaming PCs, peripherals, and video games really cheaper on Prime Day? While you won’t see super steep markdowns like you might during the holiday shopping season, there are still some great deals to be found during Amazon’s October Prime Day sale. Brands like Dell, HP, and Corsair offer discounts on everything from pre-built desktops to case fans and headsets.How did we choose these…

(BOE Report)– Electricity imports from Canada into New York Independent System Operator (NYISO) and Independent System Operator New England (ISO-NE) have dropped due to drought conditions in Canada and lower U.S. Northeast electricity demand, the U.S. Energy Information Administration (EIA) said in a report on Friday. The EIA noted that from January to August 2025, imports into New England’s ISO-NE averaged less than 40% of 2022 levels, while imports into New York’s NYISO fell to 25%. Canadian hydropower output has been constrained by ongoing drought, while electricity demand in ISO-NE and NYISO declined 9% and 6%, respectively, between 2016 and…

Key Takeaways You can earn 5.50% APY on a 9-month certificate of deposit (CD) if you open the account before Saturday, Sept. 27. Nuvision Credit Union’s limited-time, 90th anniversary CD is currently the nationwide rate leader, paying 5.50% APY on balances up to $5,000. Snagging this CD while you can would let you lock in a guaranteed 5.50% return until June 2026. Rates on savings accounts and new CDs are expected to decline now that the Fed has made its first interest rate cut of the fall. If you’re in the market for a longer term, consider locking in a…

Catherine Clay ▬ September 19, 2025 It’s been a week since I returned from HOOD Summit ‘25, and I’m still energized by the experience. From the moment I stepped onto the conference floor, the enthusiasm was unmistakable—the retail trading community is truly one of the most engaged segments in today’s markets. As a representative of Cboe, I was asked several times to share my perspective on the evolution of options trading. Seeing everyday people fill a conference hall and bring the excitement of a stadium crowd was a powerful reminder of how far our industry has come. The excitement and…

Key Takeaways For those keen on retiring in the Midwest, cities in South Dakota, Ohio, Missouri, Iowa, Indiana, and Michigan are included in our list of top picks. The biggest draw of retiring in the Midwest is definitely affordability; it’s possible to get a spacious three-bedroom house for what you’d pay for a tiny apartment in a coastal city.Daily expenses, from groceries to utilities, typically cost less, too. This isn’t just about saving money though; it’s about having the freedom to actually enjoy retirement.  The Midwest offers a pretty neat retirement package when it comes to stretching your dollars. In many…

Key Takeaways The Federal Reserve has been reluctant to cut rates too much because it is concerned that Trump’s tariffs are pushing up consumer prices and risk stoking inflation.Inflation is still above the Federal Reserve’s target of a 2% annual rate and has risen in recent months as Trump’s sweeping campaign of import taxes has gone into effect.Stephen Miran, the newest member of the Fed’s policy-setting committee, said that Trump’s mass deportations would soon push down inflation and that tariffs were not pushing prices up. This view starkly differs from that of other economists and Miran’s fellow members of the…