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Cathie Wood’s ARK Invest Buys Tesla, Sells Coinbase

Cathie Wood’s ARK Invest Buys Tesla, Sells Coinbase

Image courtesy of 123rf.com Cathie Wood’s ARK Invest has been offloading its Coinbase (Nasdaq: COIN) shares recently, capitalizing on the crypto exchange’s eye-popping 2023 gain of nearly 400%. The investing firm also bought over 105,000 Tesla shares this year, likely hoping that the auto giant will expand its market share once again this year.  Coinbase Up 390% in […]
December Job Report Spells Trouble For Rate Cut Optimism

December Job Report Spells Trouble For Rate Cut Optimism

Image Source: Unsplash The market seems to be way out in front of the Fed regarding rate cuts, and the December job report may be a driving factor in what the Fed does next.Video Length: 00:09:33More By This Author:Stocks Fall On January 3, 2024, As Winds Of Market Change Become Stronger History May Come Back To […]
Crude Oil: Further Supply Disruption In Middle East

Crude Oil: Further Supply Disruption In Middle East

Image Source: Unsplash Further Supply Disruption in the Middle East  Oil prices remain bid today on the back of a more than 5% rally in crude futures yesterday. Developments in the Middle East are creating upward pressure this week as fears of a burgeoning, wider conflict in the region are acting to offset oversupply concerns. News […]
JP Morgan Is Eyeing 200 Area

JP Morgan Is Eyeing 200 Area

Image Source: Pexels We already talked about the Bank sector in the last year. Back in March of 2023, we shared an article about Bank stocks and we warned about that markets go from pessimism (fear) to optimism (greed) and vice versa. When everyone was in fear due to bank collapses, we also shared a chart with ticker […]
Median Household Income In November 2023

Median Household Income In November 2023

Image credit: Household Income by Nick Youngson. Creative Commons 3 – CC BY-SA 3.0 Alpha Stock Images. According to Motio Research, the median household income in November 2023 was $77,084. The estimated income earned by a household at the exact middle of the income distribution in the United States increased by $205, or 0.27%, from Motio Research’s initial estimate of $76,879 for […]
The Game Of Volatility Has Yet To Begin. The Corn & Ethanol Report

The Game Of Volatility Has Yet To Begin. The Corn & Ethanol Report

We kicked off the day with Challenger Job Cuts at 6:30 A.M., ADP Employment Change at 7:15 A.M., Initial Jobless Claims, Continuing Jobless Claims, and Jobless Claims 4-Week at 7:30 A.M., S&P Global Composite PMI Final and S&P Global Services PMI Final at 8:45 A.M., EIA Natural Gas Storage at 9:30 A.M., EIA Energy Stocks […]
German Inflation Rebounds In December

German Inflation Rebounds In December

Image source: Pixabay  Inflation rebounded in December, strengthening the case for the European Central Bank to wait a little longer before discussing rate cuts.  Temporary end to disinflationAccording to the just-released flash estimate, German inflation ended a five-month period of dropping inflation rates in December as headline inflation came in at 3.7% year-on-year, from 3.2% YoY in November. […]
US Commentary – Thursday, Jan. 4

US Commentary – Thursday, Jan. 4

Image Source: Pexels  ADP Drives USD Higher Ahead of NFPThe US Dollar is trading higher ahead of tomorrow’s keenly awaited NFP figures for last month. The first release of the New Year comes on the back of a stronger-than-forecast set of ADP figures on Thursday. The ADP release for December was seen coming in at 164k […]
A Close Look At Gold Prices Amid Fed Uncertainty

A Close Look At Gold Prices Amid Fed Uncertainty

Image Source: DepositPhotos  In the fluctuating world of financial markets, gold’s enduring appeal takes center stage once more. As 2024 unfolds with its uncertainties, gold rates today are at a pivotal point. Recent market shifts have seen gold fall below $2,050, influenced by a strengthening dollar and uncertainties over the Federal Reserve’s interest rate policies. This […]
Robust Private Sector Employment Gains In December 2023 Signal Economic Stability

Robust Private Sector Employment Gains In December 2023 Signal Economic Stability

Image Source: DepositPhotosIn the realm of the United States labor market, private businesses displayed resilience in December 2023, bolstered by a notable hiring surge. The robust employment figures, alongside shifting wage dynamics, offer insights into the evolving economic landscape:Strong Employment Growth: Private businesses in the US added a total of 164,000 workers to their payrolls in […]