WELCOME TO LEIBOVIT VR NEWSLETTERS – FRIDAY – DECEMBER 8, 2023 – THE SECOND DAY OF CHANUKAH

Editor: Jews have joined the ranks of the Maccabees.

Hanukkah (Chanukah) is the Jewish eight-day, wintertime “festival of lights,” celebrated with a nightly menorah lighting, special prayers and fried foods.

The Hebrew word Chanukah means “dedication,” and is thus named because it celebrates the rededication of the Holy Temple (as you’ll read below). Also spelled Hanukkah (or variations of that spelling), the Hebrew word is actually pronounced with a guttural, “kh” sound, kha-nu-kah, not tcha-new-kah.

When Is Chanukah?
Chanukah begins on the eve of Kislev 25 and continues for eight days. On the civil calendar, it generally coincides with the month of December. Chanukah 2023 runs from Dec. 7-Dec. 15.

In the second century BCE, the Holy Land was ruled by the Seleucids (Syrian-Greeks), who tried to force the people of Israel to accept Greek culture and beliefs instead of mitzvah observance and belief in G‑d. Against all odds, a small band of faithful but poorly armed Jews, led by Judah the Maccabee, defeated one of the mightiest armies on earth, drove the Greeks from the land, reclaimed the Holy Temple in Jerusalem and rededicated it to the service of G‑d.

When they sought to light the Temple’s Menorah (the seven-branched candelabrum), they found only a single cruse of olive oil that had escaped contamination by the Greeks. Miraculously, they lit the menorah and the one-day supply of oil lasted for eight days, until new oil could be prepared under conditions of ritual purity.

To commemorate and publicize these miracles, the sages instituted the festival of Chanukah.

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THE FED ISN’T AS POWERFUL AS MANY THINK IT IS

https://www.howestreet.com/2023/12/the-fed-isnt-as-powerful-as-many-think-it-is-mark-leibovit/

U.S. Stocks Move Mostly Higher Ahead Of Monthly Jobs Report

After moving mostly higher early in the session, stocks continued to turn in a strong performance throughout much of the trading day on Thursday. The major averages moved back to the upside following the downturn seen on Wednesday, with the tech-heavy Nasdaq leading the rebound.

The Nasdaq jumped 193.28 points or 1.4 percent to 14,339.99, reaching its best closing level in over four months. The S&P 500 also advanced 36.25 points or 0.8 percent to 4,585.59, while the narrower Dow posted a more modest gain, edging up 62.95 points or 0.2 percent to 36,117.38.

The strength on Wall Street partly reflected ongoing optimism about the outlook for interest rates ahead of the release of the Labor Department’s closely watched monthly jobs report on Friday.

Economists currently expect employment to increase by 180,000 jobs in November after rising by 150,000 jobs in October, while the unemployment rate is expected to hold at 3.9 percent.

The jobs report could have a significant impact on the outlook for interest rates ahead of the Federal Reserve’s monetary policy meeting next week.

While the Fed is widely expected to leave interest rates unchanged, traders will be looking to the jobs data to provide further evidence the central bank could cut rates as soon as March 2024.

A day ahead of the release of the monthly jobs report, the Labor Department released a report showing a slight uptick in first-time claims for U.S. unemployment benefits in the week ended December 2nd.

The report said initial jobless claims ticked up to 220,000, an increase of 1,000 from the previous week’s revised level of 219,000.

Economist had expected jobless claims to rise to 222,000 from the 218,000 originally reported for the previous week.

Sector News

Semiconductor stocks showed a substantial move to the upside on the day, driving the Philadelphia Semiconductor Index up by 2.8 percent.

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Chipmaker Advanced Micro Devices (AMD) moved sharply higher after Meta (META), Microsoft (MSFT) and OpenAI said they will use the company’s newest AI chip, the Instinct MI300X.

Substantial strength was also visible among airline stocks, with the NYSE Arca Airline Index soaring by 2.6 percent to its best closing level in almost four months.

Computer hardware, banking and housing stocks also saw considerable strength, while gold and oil stocks moved to the downside.

Other Markets

In overseas trading, stock markets across the Asia-Pacific region moved mostly lower during trading on Thursday. Japan’s Nikkei 225 Index tumbled by 1.8 percent, while Hong Kong’s Hang Seng Index slid by 0.7 percent.

The major European markets showed more modest moves to the downside on the day. While the U.K.’s FTSE 100 Index closed just below the unchanged line, the French CAC 40 Index edged down by 0.1 percent and the German DAX Index dipped by 0.2 percent.

In the bond market, treasuries recovered from early weakness to end the session roughly flat. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, inched up by less than a basis point to 4.129 percent after reaching a high of 4.182 percent.

Looking Ahead

While the monthly jobs report is likely to be in the spotlight on Friday, a report on consumer sentiment in the month of December may also attract attention, as it includes readings on inflation expectations.

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Case for gold fever: NewEdge Wealth sees record rush intensifying -CNBC

As gold continues its climb, the current state of the economy and geopolitics are just two of the accelerators for the strong surge. With 2024 promising even more upheaval, this all lines up with the many price projections for $3,000 an ounce gold in 2024.

by Meredith Mutter

The record gold rush may intensify into year-end.

According to NewEdge Wealth’s Ben Emons, the final month of the year typically creates a bigger appetite for the yellow metal.

“It’s been very consistent every December. It’s been a pretty strong performance for gold – especially when there is a rally in the stock market in November,” the firm’s head of fixed income told CNBC’s “Fast Money” on Tuesday.

Gold settled at a new record high Friday. It closed the day up almost 2%, at $2,089.70 an ounce.

Emons listed the economic backdrop and geopolitical backdrop as additional positive catalysts for gold.

“There’s uncertainty next year. We have an election. We don’t know what’s going to happen. We get a recession maybe, maybe not,” said Emons. “At the same time, gold rallieswhen there’s this risk-on feel in the markets, and that’s really when real rates and interest rates are declining. This gives the gold a really good push for the
breakout.”

Kissinger Created the Doomsday Deal -Daily Reckoning

The US dollar has been receiving a lot of negative press lately due to rising debt issues, the strengthening of the BRICS alliance, inflationary pressures, and more. To
gain a broader understanding of the progression – or rather regression – of the dollar, James Rickards takes a historic look at the dollar’s moves.

by James Rickards

franklinAs I’m sure you know by now, Henry Kissinger died last week at the age of 100. He leaves a complex legacy, which is certainly understandable because he operated ina complex geopolitical environment.

But Henry Kissinger was a master strategist and political scientist. With his recent passing, I thought I’d retell the story of one of his most brilliant plans, and explain
how it relates to the demise of the dollar.

In February 1974, I was asked by Professor Robert W. Tucker of the Johns Hopkins School of Advanced International Studies to join him and four other foreign policy experts for a meeting at the White House.

At the time, confidence in the dollar was on shaky ground because President Nixon had ended gold convertibility of dollars in 1971.

The price of oil was skyrocketing, partly due to inflationary policies pursued by the Federal Reserve, and partly due to an Arab oil embargo in response to U.S. aid to
Israel in the Arab-Israeli Yom Kippur War of 1973.

“A Constant State Of Sticker Shock” – Here Is Proof That Inflation In The U.S. Is Wildly Out Of Control -The Economic Collapse

Do you believe the politicians in Washington or do you believe your own eyes? The politicians keep telling us that “inflation is low”, but everyone can see that
everything sure does cost a lot more than it once did. Our standard of living just keeps going down, and even JPMorgan Chase CEO Jamie Dimon is admitting that “inflation ishurting people”. But how can inflation be “hurting people” if it is under control? Of course the truth is that it isn’t under control. If the official rate of inflation was still measured using the formula that was in place in 1980, it would be well into double digit territory right now. Prices have been rising much faster than paychecks have, and that is putting an extraordinary amount of financial stress on the more than 60 percent of U.S. adults that currently live paycheck to paycheck.

Vox is a website that leans very far to the left, and even they are complaining about inflation.

In fact, a recent article posted on Vox boldly declared that life in 2023 “means being in a constant state of sticker shock

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U.S. DOLLAR

CANADIAN DOLLAR

URANIUM  – REPORTS ONLY ISSUED WEEKLY

METALS

COMMODITIES

CRYPTO UPDATE AS OF DECEMBER 7. 2023

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COME ON, DAD. IT’S TIME TO EAT

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