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Rally Into Year-End?

Rally Into Year-End?

It’s Make Or Break Time For The MarketOn Wednesday, Jerome Powell’s speech sparked a broad rally in stocks and bonds as market expectations for further rate hikes collapsed. There was nothing new about the Fed’s recent policy announcement as they maintained that higher Treasury yields are doing their work in slowing economic activity and, ultimately, […]
XAUUSD Analysis Today & Week Ahead Forecast – Saturday, November 4

XAUUSD Analysis Today & Week Ahead Forecast – Saturday, November 4

Photo by Jingming Pan on UnsplashThe idea is to remain the trade that is open since the last week.The price has found a support at 1980.00 level and as it looks the 2016.00 is the next target.The price returned down to 1980.00 for a validation of a breakout which is a great signal.For now I […]
ETFs In Focus As Coinbase Q3 Loss Narrows, Trading Volume Dips

ETFs In Focus As Coinbase Q3 Loss Narrows, Trading Volume Dips

The second-largest cryptocurrency platform, Coinbase Global (COIN) reported solid third-quarter earnings on Nov 2 after the closing bell. It topped estimates on both earnings and revenues but trading volumes fell. Shares of COIN, however, dropped as much as 5.5% in after-market hours on waning trading volumes.Given this, ETFs having the largest exposure to this U.S. […]
A Fed-induced “Neutral” Interest Rate Is A Contradiction In Terms

A Fed-induced “Neutral” Interest Rate Is A Contradiction In Terms

Photo by Etienne Martin on UnsplashThe New York Federal Reserve said on Tuesday, September 5, 2023, that the estimate for the neutral rate for Q2 has eased to 0.57 percent from 0.68 percent in Q1. Analysts typically translate that rate into a real-world setting by adding the neutral rate to the Fed’s 2 percent inflation […]
GBPUSD Analysis Today & GBPUSD Week Ahead Forecast – Saturday, November 4

GBPUSD Analysis Today & GBPUSD Week Ahead Forecast – Saturday, November 4

The price finally found strength to move above 1.22000 and also 1.23000 price level.This is a breakout to the upside and I am expecting the price to move even more up. But first I would like to see price making a validation of a breakout by returning down to 1.23000 and finding a support.The next […]
4 Restaurant Stocks Setting Up For A Year End Bull Run

4 Restaurant Stocks Setting Up For A Year End Bull Run

After a very strong first quarter this year, many restaurant stocks experienced more challenging price action as the macro environment entered a period of elevated uncertainty. However, many of these stocks are reporting strong earnings this quarter and look ready to make another bull run into the year end.Although a number of restaurant stocks have […]
Natural Gas: Looking At A Seasonal Ceiling

Natural Gas: Looking At A Seasonal Ceiling

Natural Gas on the Nymex had a volatile week before closing 0.8% higher than the previous one at $3.51. EIA reported on Thursday a build of 79 Bcf in working underground stocks for the week ended October 27. Total inventory is currently at 3,445 Bcf, 8.4% higher y/y, 5.7% above the 5-year average. The refill […]
Markets Rip On Belief Fed Is Done, Apple Zero, UBER Earnings

Markets Rip On Belief Fed Is Done, Apple Zero, UBER Earnings

Stocks ripped higher last week – with the S&P and NASDAQ each gaining about 6% – after the Fed meeting Wednesday as investors concluded that the Fed is done hiking rates for this cycle. You can see this in the chart above in the change in the forecast of the likelihood of the Fed hiking […]
Debt Scores 
                    
“Significant Risks”

Debt Scores “Significant Risks”

Identifying problems is great. Identifying solutions is even better, especially when the politicians who are supposed to be solving our big problems don’t even try.In last week’s Debt Catharsis letter, I offered some ideas to start fixing the federal debt problem. To be clear, those ideas won’t balance the budget and in many ways are woefully inadequate. But even […]
BTCUSD Crypto Weekly Technical Analysis – Saturday

BTCUSD Crypto Weekly Technical Analysis – Saturday

Photo by André François McKenzie on UnsplashBitcoin is currently on the verge to continue moving even higher to 38000.00. The current price 34500.00 is a very important level for bulls.The breakout to the upside has happened and confirmed so everything is pointing to see BTC higher than it is now.Video Length: 00:05:25Important support s 34000.00 […]