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Google is putting restrictions on its “Work from Anywhere” policy, limiting the number of days employees can take advantage of the perk.

President Donald Trump and Republicans accuse Democrats, who want any funding bill to include health-care protections, of holding the government hostage.

Gold prices reached a high of $4059.31 today, pushing toward the topside channel trendline that currently cuts across near $4070 and is trending higher. Earlier in the session, the market briefly tested that upper boundary but failed to break through, prompting a modest pullback. The move highlights the importance of this channel resistance as a near-term hurdle for buyers attempting to extend the bullish run.

On the downside, the lower channel trendline, which now comes in around $4009 and is also rising, serves as the first area of defense for buyers. If sellers take profit and manage to push price below this line, it would represent a small but meaningful victory in what has otherwise been a consistent uptrend. That said, as long as the market remains above the lower trendline, buyers retain firm control and upward momentum could easily accelerate on any renewed push higher.

In trending markets, overbought conditions alone are not enough to reverse the bias. Sellers need to win a battle at a key technical level to shift the narrative. A break and sustained move below the lower channel line would give sellers confidence and force buyers to pause. Until that happens, however, the trend remains firmly in the hands of the bulls, with upside momentum continuing to dominate.

This article was written by Greg Michalowski at investinglive.com.

Blackrock fixed income chief investment officer and Fed chair candidate Rick Rieder was on Bloomberg TV last week and brought up a point that’s been resonating with me since he said it.

He talked about a confluence of factors that’s unique to history and has no parallels:

• People are living longer and healthier
• A wave of baby boomers continue to hit retirement age
• They are very wealthy, and likely getting wealthier with the stock market really

The peak baby boom year was in 1957 (putting them at age 68) with the last boomers hitting age 65 in 2029. The cohort from 60-80 is going to be spending heavily over the next 10 years and are likely to remain in their own homes until the 2040s, continuing to travel and spend.

Rieder highlighted this chart:

I’d wager that even in the past few months, that’s expanded further as stock markets have climbed.

In short, the boomers are absolutely flush and will continue to spend for at least the next 10 years. It breaks all the economic correlations because their spending has virtually zero correlation with employment. There is a huge opportunity in markets to figure out how this will play out.

I think it’s ultimately inflationary, particularly in an anti-immigrant setting but there are many knock-ons. One spot that comes to mind is travel and airlines, which remain cheap parts of the market that I suspect will be more resilient than the have been in past downturns (whenever a downturn comes).

This article was written by Adam Button at investinglive.com.

The New Zealand Dollar (NZD) comes under heavy pressure on Wednesday after the Reserve Bank of New Zealand (RBNZ) lowered the Official Cash Rate (OCR) by 50 basis points (bps) to 2.50% from 3.00%. Markets had been expecting a smaller 25 bps move.

Euro (EUR) could dip below 1.1645; given the oversold conditions, any further decline may not reach 1.1610.

Argentina Industrial Output n.s.a (YoY) down to -4.4% in August from previous -1.1%

CoreWeave is working to expand its business with tools targeting software developers, while adding capacity to accommodate business from Meta and OpenAI.

Officials were strongly inclined to lower rates, with the only dispute seeming to be over how many cuts were coming.