November 2023 - Page 118 of 244 -

The Great Energy Transition

Nov 16, 2023 Jeremy Parkinson Finance 0

Image Source: Pexels The Inflation Reduction Act is a bill that is designed to accelerate the transition to cleaner energy and technologies. This piece of legislation aims to help the world transition from legacy fossil fuels to greener technologies. Think solar power, hydrogen, EVs, and carbon capture among others. The goal is to incentivize companies to […]

Bitcoin Rallies Close To $38,000: 5 ETF Winners

Nov 16, 2023 Jeremy Parkinson Finance 0

Image Source: Pixabay Bitcoin surged to near $38,000 — a level last seen in May 2022 — powered by an ongoing rally spurred by ETF demand expectations.The ongoing rally spurred by expectations of regulatory approval for Bitcoin ETFs in the United States has pushed the world’s largest cryptocurrency to near $38,000 — a level last seen […]

A Few Berkshire Stocks To Look Into After Latest 13f Filing

Nov 16, 2023 Jeremy Parkinson Finance 0

Image courtesy of 123rf.com Warren Buffett, the most quoted living value investor, has dropped Berkshire Hathaway’s 13F portfolio filing for the third quarter. Required by the Securities and Exchange Commission (SEC), the 13F form provides market transparency as investment managers with at least $100 million AuM give the public a wide range of signals.As of the latest update […]

Inflation Rollercoaster: Unemployment Rises, Export/Import Prices Drop, Dollar Plunges

Nov 16, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash – Unemployment rises and export/import prices drop, showing inflation is cooling causing the dollar to drop – Cisco (CSCO) plunges after earnings and breaks major support! Gareth shows his process for finding technical levels to trade – Gareth discusses the psychology of the charts of Target (TGT) and Walmart (WMT) following earnings and why they […]

Turning A Market Adage Upside Down

Nov 16, 2023 Jeremy Parkinson Finance 0

Image Source: Pixabay Many of you know that I am a big fan of market adages. In fact, I’ve recently taped an IBKR Podcast about the topic. Even some of the silliest sayings contain time-tested market truths at their root. We certainly see that in phrases like “the trend is your friend,” “buy low, sell high” and the like. But one of […]

Rivian Could Offer Up To $15 Billion In “Phantom Bonds” To Secure New Georgia Campus

Nov 16, 2023 Jeremy Parkinson Finance 0

We’re at the point where “EV adoption” is going so well that EV companies have taken to offering fake bonds in order to get tax breaks.At least, that’s what’s going on over at Rivian (RIVN), where the company has structured out $15 billion in “phantom bonds”, which are employed by businesses to secure a reduction in […]

Watch: 3 Key FX Themes For 2024

Nov 16, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash ING’s Global Head of Markets, Chris Turner, tells us we’re going to see a reversal of the strong dollar trend next year. Why has the Aussie dollar and the Norwegian krone caught his attention? And why might European currencies still struggle in 2024? Watch this and find out. And read our full FX […]

WMT: Buy The Dip, IWM Rejected At 200 DMA

Nov 16, 2023 Jeremy Parkinson Finance 0

In my weekly preview, I wrote about my “Long WMT/Short HD” position and I continue to like that trade despite the action in the stocks post earnings. HD bounced after reporting earnings on Tuesday mornings but only because the stock was beaten up. US comps were -3.5% as customers continued to do smaller home improvement projects but […]

Continuing Claims Relentlessly Rise

Nov 16, 2023 Jeremy Parkinson Finance 0

Among a large slate of economic data released this morning, jobless claims disappointed with both initial and continuing claims coming in higher than expected. For initial claims, the seasonally adjusted number rose meaningfully from an upwardly revised 218K last week to 231K. That compares with expectations of a more modest increase to 222K. That brings […]

What’s Gold Price To Do When Every Bullish Surprise Already Happened?

Nov 16, 2023 Jeremy Parkinson Finance 0

That’s all, folks. Whatever “bullish news” for gold was likely to happen has likely already happened. And you know what happens next?Declines.The nonfarm payrolls were lower than expected, and miners rallied. Temporarily only, but still.The CPI numbers were also lower than expected, and the precious metals sector moved higher. Once again, most likely temporarily, based on […]