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ENPH Got Crushed

ENPH Got Crushed

Image Source: Pixabay Technical analysis of the stock chart for ENPH.Video Length: 00:02:18More By This Author:Meta Platforms: An Interesting OpportunityBill Ackman Exits His Short Position – Here Is WhyCrypto Is Moving
Gold’s New Major Upleg

Gold’s New Major Upleg

Image Source: Pixabay A new major upleg is underway in gold, which should easily achieve new all-time record highs. That will greatly boost investor interest and capital inflows into this leading alternative asset. Despite gold’s sharp V-bounce, speculators’ gold-futures positioning remains really bullish. Their huge normalization buying still coming ought to drive gold high enough for […]
Economists No Longer Expect A Recession. Are They Right?

Economists No Longer Expect A Recession. Are They Right?

Economists no longer expect a recession. Such was according to a recent WSJ survey of Wall Street economists. To wit: “In the latest quarterly survey by The Wall Street Journal, business and academic economists lowered the probability of a recession within the next year, from 54% on average in July to a more optimistic 48%. That is the first time […]
US Mortgage Purchase Applications Fell 25.4% Over The Past Seventeen Weeks, Hitting Lowest Since 1995

US Mortgage Purchase Applications Fell 25.4% Over The Past Seventeen Weeks, Hitting Lowest Since 1995

The surge in mortgage rates has tempered the excitement of American homebuyers, evident in the steep drop in mortgage purchase applications over the last seventeen weeks. This decline has led to the lowest levels seen since February 1995, as reported in Wednesday’s data.Sources: Bloomberg, MBAAccording to the Mortgage Bankers Association (MBA), for the week ending October 20, 2023, […]
Spending Soars, Income Stagnates, Savings Sink Like The Titanic

Spending Soars, Income Stagnates, Savings Sink Like The Titanic

Real life intruded yesterday, so I didn’t put up any information about the Q3 GDP report. I’ll write in detail next week, but in the meantime there were 4 basic highlights:1. Obviously it was an excellent report overall.2. The long leading metric of real residential fixed spending also rose slightly, although as a share of […]
We Need To Discuss The New GDP Data Immediately

We Need To Discuss The New GDP Data Immediately

Image source: Pixabay US GDP surged in Q3 as the economy experiences the absolute peak of the disinflation rebound. You’d think that rates would be skyrocketing as would something like oil, both reading the big figures as confirming the need for higher rates due to unbreakable American demand. But, nope, markets basically ignored the data…for good […]
Oil Bulls To Fight Bearish Seasonal Signal

Oil Bulls To Fight Bearish Seasonal Signal

Image Source: Unsplash The geopolitical crisis in the Middle East has been providing a boost for oil prices on speculative flows. The risk of a wider conflict could threaten oil supply to the world and that has been the reason for sudden buyers to step into the oil market pushing prices higher. However, the seasonal bias […]
Stocks Mixed As Nasdaq Rallies To End The Week

Stocks Mixed As Nasdaq Rallies To End The Week

Stocks are mixed midday, as investors unpack the latest corporate earnings reports, as well as personal consumption expenditures and consumer spending data. Amazon’s (AMZN) post-earnings pop is propping up the Nasdaq Composite (IXIC), though the tech-heavy benchmark is still on track for weekly losses alongside the other indexes. The Dow Jones Industrial Average (DJI) was last seen down […]
Crude Oil Forecast: Trades Like Crypto

Crude Oil Forecast: Trades Like Crypto

Looking ahead, a potential Israeli ground operation in Gaza could trigger a spike in crude prices. Crude oil markets have experienced a noticeable downturn during the early trading hours of Thursday, as a wave of geopolitical unrest continues to heavily influence oil prices. Investors and market watchers are seeing noisy trading lately, trying to decipher the […]
PayPal To Post Q3 Earnings: What’s In The Offing?

PayPal To Post Q3 Earnings: What’s In The Offing?

Image Source: Pexels PayPal Holdings, Inc. (PYPL – Free Report) is scheduled to report third-quarter 2023 results on Nov 1.For the third quarter, the company projects revenues at $7.4 billion, indicating year-over-year growth of 8% on a spot rate basis and a currency-neutral basis. The Zacks Consensus Estimate for revenues is pegged at $7.39 billion, indicating an improvement of 8% […]