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Massive Sell-Off: What Really Happened On December 20th?

Massive Sell-Off: What Really Happened On December 20th?

Image Source: Unsplash Join Mike as he breaks down the massive sell-off that occurred on December 20th! Discover what really happened and get insider insights into the potential turning point around VIX option expiration. Don’t miss out on this informative video.Video Length: 00:05:03More By This Author:Stocks Drop Sharply Following Vix Expiration On December 20, 2023 The […]
Biden Is Using The Term Bidenomics Again, What Else Can He Do?

Biden Is Using The Term Bidenomics Again, What Else Can He Do?

Biden Drops the Term BidenomicsFrom June through November 1, Biden used the term Bidenomics over 100 times. Then he stopped using it.On December 6, I commented Biden Drops the Term Bidenomics, Republicans Would Be Wise to Use it Instead It seems that Biden has lost faith in Bidenomics, but his staff hasn’t. The public had no […]
Kansas Fed’s Manufacturing Index Contracts; U.S. Natural Gas Draws Rise

Kansas Fed’s Manufacturing Index Contracts; U.S. Natural Gas Draws Rise

Image Source: Unsplash The Kansas City Federal Reserve released its December manufacturing survey in which the composite index inched up to (-)1 from (-)2 in the previous month but continued to contract.This marked the highest reading since August 2023 improving upon the -8 in September and October.The index is an average of production, new orders, employment, delivery time, […]
UK Supreme Court Rules Against AI As Patent Inventor

UK Supreme Court Rules Against AI As Patent Inventor

Image created using DALL·E 3 with this prompt: A human and an AI in a workshop together, both working on an invention together. Should evoke feelings of the 1800s. Rustic, wooden, inspiring. Aspect ratio: 16×9. The UK Supreme Court has ruled that AI cannot be named as an inventor on patent applications. This decision emerged […]
The Frozen, Unaffordable Housing Market Is “Unhealthy”. So Where Are Prices Headed?

The Frozen, Unaffordable Housing Market Is “Unhealthy”. So Where Are Prices Headed?

Image Source: Unsplash While 2023 was a much better year for stocks and bonds, the housing market has fared less well.Instead, 2023 was the year gravity caught up with home prices. They’ve stopped rising nationally for the most part, and certain once red-hot cities are now starting to see clear declines.Is this the Wile E. Coyote […]
Russell 2000 Earnings Dashboard 23Q3 – Thursday, Dec. 21

Russell 2000 Earnings Dashboard 23Q3 – Thursday, Dec. 21

Image Source: Pexels Russell 2000 Aggregate Estimates and Revisions The 23Q3 Y/Y blended earnings growth estimate is -9.4%. If the energy sector is excluded, the growth rate for the index is -4.8%. Of the 1,811 companies in the Russell 2000 that have reported earnings to date for 23Q3, 61.5% reported above analyst expectations. The 23Q3 Y/Y blended revenue growth estimate is -2.8%. If the energy sector is excluded, the growth rate for […]
The AI Race Is Closer Than It Seems

The AI Race Is Closer Than It Seems

The keyword of the year in markets has been AI, and besides Nvidia (NVDA), whose chips power most of the AI-related applications, two of the most high-profile companies competing in the sector have been Alphabet (GOOGL) and Microsoft (MSFT). Most people forget, but it was back in 2016, six years before Chat-GPT even came out, […]
These 6 “Analysts” Predict Gold Reaching $3,500, On Average, In 2024

These 6 “Analysts” Predict Gold Reaching $3,500, On Average, In 2024

The 7 “analysts” who forecast in writing that the price of gold would rise to somewhere between $3,329 and $3,400/ozt. by the end of this year (see here) are not going to be anywhere close in their predictions (guesses?). Will the 6 “analysts” who expect gold reaching $3,500 per troy ounce sometime in 2024 be […]
Self-Driving Wall

Self-Driving Wall

As I suspected, the trio of Fibonacci resistance levels has been doing a yeoman’s job of holding back Tesla’s (TSLA) price from any more ascendency. You can see how well the Fibs have been doing as support (green tint) and resistance (magenta tint). I’d say we’re in for another lazy trek lower in the weeks ahead. Here’s […]
Dow, Nasdaq Back Up Again As Treasury Yields Tumble

Dow, Nasdaq Back Up Again As Treasury Yields Tumble

Though the major indexes yesterday came back down to earth, snapping impressive win streaks amid a selloff, they are on their way up again this afternoon. Both the Dow Jones Industrial Average (DJI) and Nasdaq Composite (IXIC) are up triple digits, while the S&P 500 Index (SPX) is higher as well. A tumbling 10-year Treasury yields […]