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Stocks And Precious Metals Charts – Too Big To Paper Over

Stocks And Precious Metals Charts – Too Big To Paper Over

It was a fairly quiet triple witch option expiration, perhaps so because all the fireworks had already taken place with so many economic events earlier this week and last.Gold and silver were so steady in the early morning that I wondered if we should request a wellness visit for the Wall Street wiseguys.But never fear, the Dollar […]
Irrational FOMC Exuberance

Irrational FOMC Exuberance

Image Source: Pixabay  – Rate cut mania – capital rotations are epic – financials rip in lower rates? – PM/hedge panic – SKEW record, VVIX makes it interesting – high impact moves in a low VIX continueSPX Expected Move — — last week — 64.66 (5-day expected move) — next week– 55.44 (5-day expected move)Video Length: […]
Market Talk – Friday, Dec. 15

Market Talk – Friday, Dec. 15

ASIA:The major Asian stock markets had a mixed day today: NIKKEI 225 increased 284.30 points or 0.87% to 32,970.55 Shanghai decreased 16.43 points or -0.56% to 2,942.56 Hang Seng increased 390.00 points or 2.38% to 16,792.19 ASX 200 increased 64.80 points or 0.88% to 7,442.70 Kospi increased 19.38 points or 0.76% to 2,563.56 SENSEX increased […]
Stocks Extend Weekly Rally To 7 Straight

Stocks Extend Weekly Rally To 7 Straight

All three major indexes closed out a Fed-fueled week with their seventh-consecutive weekly wins, the Dow’s longest streak of such nature since 2019 and the S&P 500’s best streak since 2017. The Dow also added to its streak of record closes today, finishing the day strong alongside the Nasdaq, while the S&P 500 remained flat. Elsewhere, the […]
Sentiment By Survey And By Text Analysis

Sentiment By Survey And By Text Analysis

The Michigan survey of consumer sentiment has diverged its correlation with unemployment and inflation, as has (to a lesser degree) the Conference Board survey of confidence. Interestingly, they’ve both diverged from sentiment as measured by text analysis.Figure 1: University of Michigan Consumer Sentiment (blue), Conference Board Consumer Confidence (tan), and Shapiro, Sudhof and Wilson (2020) Daily News Sentiment Index […]
Rivian Vs. Tesla: Which EV Stock Offers More Opportunity For Growth

Rivian Vs. Tesla: Which EV Stock Offers More Opportunity For Growth

Image courtesy of 123rf.com Over the last 30 days, smaller Rivian Automotive (Nasdaq: RIVN) outperformed Tesla (Nasdaq: TSLA) at 33% and 4%, respectively. The catalyst was a newly formed partnership with AT&T, announced on December 14th. The telecom giant will integrate Rivian’s R1 and Commercial Van EVs into its fleet of vehicles starting in early 2024.On top […]
FTSE Fighting To Make It A Hatrick Of Weekly Gains

FTSE Fighting To Make It A Hatrick Of Weekly Gains

Image Source: Pexels London’s FTSE 100 experienced a 0.9% decline, settling at 7,582.95 during afternoon trading on Friday. DS Smith, a paper and packaging group, saw positive movement, likely influenced by a rating upgrade from Bank of America Merrill Lynch sitting at the top of the table heading into the close gaining 2.2%. On the negative side […]
U.S. Stocks Lack Direction After NY Fed President’s Rate Cut Comments

U.S. Stocks Lack Direction After NY Fed President’s Rate Cut Comments

Image Source: Pixabay   US stocks show little direction, with the S&P 500 and Dow Jones hovering around the flatline, while the Nasdaq gains approximately 0.2%. NY Fed President John Williams states that the central bank is not currently discussing rate cuts, deeming it premature to consider a March interest rate cut. Earlier in the week, […]
The Fed Pivot Has Created A Moment Of Maximum Optimism

The Fed Pivot Has Created A Moment Of Maximum Optimism

The time of maximum pessimism is the best time to buy and the time of maximum optimism the best time to sell – John Templeton Powell and The Fed surprised the market Wednesday by changing their tune. Instead of their preoccupation with inflation, they pivoted to an equal concern with their other mandate: full employment […]
Cloud Stocks: Okta Leverages AI For Security

Cloud Stocks: Okta Leverages AI For Security

Photo by Steve Johnson on Unsplash Corporate identity management software company Okta (Nasdaq: OKTA) recently announced its third-quarter results that continued to outpace market expectations. The company added several AI-focused products during the quarter. Okta’s Financials Revenues for the third quarter grew 21% to $584 million, ahead of the market’s forecast of $560.6 million. EPS was $0.48, significantly […]