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Ugly, Tailing 10Y Auction Sees Lowest Foreign Demand Of 2024

Ugly, Tailing 10Y Auction Sees Lowest Foreign Demand Of 2024

After yesterday’s stellar, stopping through 3Y auction, moments ago the Treasury completed its 10Y reopening of 9-year, 11-month Cusip JZ5, in an auction that was mediocre at best.The high yield of 4.166% was above last month’s 4.093% (in fact it was the highest 10Y auction stop of 2024) and also tailed the When Issued 4.157% […]
3 Charts Tell A Bullish Tale For Gold Prices

3 Charts Tell A Bullish Tale For Gold Prices

Image Source: Pixabay Gold Prices Could Be Set for a Big Rally Gold prices could be setting up for a massive run to the upside. Gold bugs have waited for this for a while.Gold price charts are saying the price of the yellow precious metal could go a lot higher. $3,000-an-ounce gold could come much faster […]
Is Inflation Sticky? NVDL: 2x Long NVDA

Is Inflation Sticky? NVDL: 2x Long NVDA

The February CPI came in this morning marginally hotter than expected with both headline and core increasing by 0.4% month over month. As I wrote earlier this morning, bulls would have liked to see core at 0.3%. Which raises the question: Is inflation proving to be sticky?Inflation peaked in June 2022 with headline CPI of 9.1%. […]
TSLA Downshift

TSLA Downshift

Image Source: Pexels There have been few short plays as reliable as Tesla (TSLA) which has seen nearly 60% of its value wiped out since November 2021. Let’s just say it hasn’t exactly formed a bullish base. On the contrary, it looks as vulnerable as ever, with the next range down beckoning. Keep in mind, this remains the most hilariously corrupt and artificial stock […]
FTSE Hits Three Week Highs As Wage Growth Slows

FTSE Hits Three Week Highs As Wage Growth Slows

Image Source: Pexels On Tuesday, UK stocks made gains supported by a decrease in the value of the pound and bond yields. This was driven by a slowdown in domestic wage growth, raising expectations that the Bank of England might initiate monetary policy easing in the near future. The FTSE 100, a leading stock index, increased […]
Cloud Stocks: Analysis Of Salesforce’s AI Acquisitions

Cloud Stocks: Analysis Of Salesforce’s AI Acquisitions

Photo Credit: City of Indianapolis | Mayor’s Office /Flickr.com Salesforce (NYSE: CRM) recently announced its fourth quarter results that continued to surpass market expectations. However, the disappointing outlook sent the stock slipping 2% in the after-hours trading session. Salesforce’s Financials Salesforce’s revenues for the third quarter grew 11% to $9.29 billion, ahead of analyst estimates of $9.22 […]
Dow, Nasdaq Up Triple Digits As Investors Cycle Back Into Tech

Dow, Nasdaq Up Triple Digits As Investors Cycle Back Into Tech

Today’s inflation data was right around what economists expected, helping stocks rise across the board. Most notably, the reading bolstered confidence in tech equities again, helping the Nasdaq Composite (IXIC) to a hefty triple-digit lead. The Dow Jones Industrial Average (DJI) is more than 270 points higher, too, while the S&P 500 Index (SPX) is on track for a record […]
Silver Is Bouncing From The Support; Bullish Breakout Soon?

Silver Is Bouncing From The Support; Bullish Breakout Soon?

We talked about silver (XAGUSD) in January, where we mentioned and highlighted strong support at the lower side of a triangle range. On January 23rd we shared a free weekly chart of silver, where we warned about limited weakness and sideways contracting triangle range.XAGUSD, Weekly Chart From January 23As you can see today, silver bounced […]
Miners Fail To Keep Up With Gold And Bitcoin Rally

Miners Fail To Keep Up With Gold And Bitcoin Rally

Gold and Bitcoin have been among some of the best-performing assets recently, yet despite their outperformance, the companies that mine for gold and bitcoin lag well behind their respective products. The lower two graphs show the price ratio of gold versus gold miners and bitcoin versus bitcoin miners. Over the last two years, gold has […]
CPI Hot Again, Rent Up At Least 0.4 Percent For 30 Straight Months

CPI Hot Again, Rent Up At Least 0.4 Percent For 30 Straight Months

For over two years, analysts said rent was declining or soon would be. But for the 30th consecutive month, rent was up at least 0.4 percent. Gasoline rose 3.8 percent adding to the misery.CPI Data from the BLS, chart by Mish. As Hot or Hotter than Expected The CPI was hotter than the Fed would like […]