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The Commodities Feed: Gold Holds Above $2,000

The Commodities Feed: Gold Holds Above $2,000

Image Source: PixabayEnergy – Attention remains on OPEC+The oil market came under further pressure yesterday despite growing reports that Saudi Arabia is pressing the broader OPEC+ group to agree to deeper supply cuts when they meet on Thursday. ICE Brent settled just below US$80/bbl as the market increasingly focuses on a looser oil balance early next […]
Why Gold Stocks Underperform Gold Bullion?

Why Gold Stocks Underperform Gold Bullion?

Image Source: UnsplashGold bullion could be viewed as insurance or a portfolio hedge or a long-term investment or a long-term store of value, but a gold mining stock is none of these.Gold mining stocks always should be viewed as either short-term or intermediate-term trades/speculations. During gold bull markets, you scale into them when they are oversold […]
Macro: Dallas Fed Mfg Survey

Macro: Dallas Fed Mfg Survey

Image Source: PixabayNot a good report: This continues the theme of a strong Q3 and weaker Q4 and it disappointed relative to consensus. New orders were showing some strength and divergence from general activity, but plunged back in line with the weak current environment.More By This Author:Macro: New Home SalesMacro: Thanksgiving Week ReleasesMacro: Leading Economic Indicators […]
Stocks Drop On November 27, 2023, As The Rally Stalls Out

Stocks Drop On November 27, 2023, As The Rally Stalls Out

Image Source: PixabayIt was a fairly uneventful day, with the S&P 500 falling roughly 20 bps. Meanwhile, the 2-year auction at 11:30 AM was fairly ugly, with the new issue tailing one bps, while indirect acceptance fell to 57.4% from 62% last month. The 5-year auction saved the day, coming in line with the when-issued trading […]
XAU/USD Climbs To A Six-Month Highs Near $2,015 On The USD Weakness, Eyes On The US Data

XAU/USD Climbs To A Six-Month Highs Near $2,015 On The USD Weakness, Eyes On The US Data

Image Source: Pixabay Gold price surges to a six-month high around $2,015 in the early Tuesday trading session. The October New Home Sales fell by 5.6% MoM to 679k, below the market expectation. The expectation of lower inflation weighs on the USD and increases investors’ appetite for commodities. US Housing Price Index, the S&P/Case-Shiller Home Price […]
Southwest Airlines Co. Provides Lifetime Opportunity Into $86.55

Southwest Airlines Co. Provides Lifetime Opportunity Into $86.55

Image Source: PexelsThe Elliott Wave Theory’s main pattern has a five-waves advance and three-waves pullback. The Theory explains that the market moves in sequences of five waves starting from the lower  Subminutte to the higher Grand Super Cycle degree. Long-time investors look for higher degrees of correction to enter the Market. The higher degrees provide higher […]
Current Analysis: FS KKR Capital Corp.

Current Analysis: FS KKR Capital Corp.

Image Source: UnsplashFS KKR Capital Corp (FSK) is a business development company based in the United States.Its portfolio is comprised of investments in senior secured loans and second lien secured loans of private middle market U.S. companies and, to a lesser extent, subordinated loans and certain asset-based financing loans of private U.S. companies.It is focused on […]
Morgan Stanley’s 2024 Forecast: A Gateway To Global Investment Opportunities

Morgan Stanley’s 2024 Forecast: A Gateway To Global Investment Opportunities

In a dynamic financial landscape, Morgan Stanley’s 2024 forecast emerges as a guiding star for investors seeking growth, diversification, and resilience in their portfolios.  Embracing New Market FrontiersJapanese Stocks: A Rising Sun in Global MarketsJapan’s stock market, specifically the TOPIX index, is poised for a 13% rise in 2024, outshining its Western counterparts. This optimism […]
Best Inverse/Leveraged ETFs Of Last Week

Best Inverse/Leveraged ETFs Of Last Week

Image Source: PixabayWall Street delivered an upbeat performance last week. The S&P 500 (up 1.1%), the Dow Jones (up 1.3%), the Nasdaq Composite (up 1.0%) and the Russell 2000 (up 1.9%) — all key U.S. equity gauges were in the green last week. In fact, Wall Street experienced a four-week winning streak.Investors eagerly awaited third-quarter fiscal […]
IRobot Stock Just Tanked 20%: Explore Why

IRobot Stock Just Tanked 20%: Explore Why

Image Source: Unsplash European Commission says Amazon-iRobot deal could harm competition. Amazon confirms it will work with EC to address its raised concerns. iRobot stock is now down about 30% versus its year-to-date high. iRobot Corporation (IRBT) tanked nearly 20% on Monday after the European Commission said its deal with Amazon.com Inc (AMZN) raises competition concerns. […]