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Goodbye, Gold Price Rally – Here’s What’s Next

Goodbye, Gold Price Rally – Here’s What’s Next

Gold price is finally declining – that’s the biggest overnight slide in many days – times are changing – or are they?Let’s start with a quote from the analysis that I sent over the weekend: Gold reversed after briefly moving $3 above $2,200. That’s a round number, so it’s important from the psychological point of […]
Navigating The New Realities Of U.S. Tech In China

Navigating The New Realities Of U.S. Tech In China

 Image Source: Unsplash   U.S. tech giants face steep declines in China amid a surge in nationalism and domestic competition. Apple and Tesla, among others, experience significant sales drops, highlighting broader challenges. With China’s push for tech self-reliance, American companies must adapt to maintain a foothold. For decades, China stood as the beacon of untapped potential […]
Despite Higher Than Expected CPI, Traders Anticipate June Rate Cut

Despite Higher Than Expected CPI, Traders Anticipate June Rate Cut

Image Source: Pexels  Inflation in the United States continued to rise in February, with the Consumer Price Index (CPI) increasing by 0.4 percent, exceeding economists’ expectations. Despite this, according to the 0.4, traders remain confident that the Federal Reserve will begin cutting interest rates in June as they adjust their expectations based on the current economic conditions and the potential impact […]
Price Inflation Is Sticky And That’s A Problem

Price Inflation Is Sticky And That’s A Problem

By Mike Maharrey, Money Metals ExchangePrice inflation is like the gum on the bottom of your shoe that you just can’t scrape off. Or maybe it’s like a movie theater floor after a big premiere. It’s sticky. And that’s a problem. The CPI data for February wasn’t anything to panic about. But nobody is throwing […]
Sensex Today Ends 165 Points Higher; Realty Index Sinks 4%

Sensex Today Ends 165 Points Higher; Realty Index Sinks 4%

After opening the day firm, Indian share markets gave up some gains as the session progressed and ended the day marginally higher.After clocking tepid gains in early deals, the benchmark indices rose sharply higher in intraday trade on Tuesday amid buying in TCS, Infosys, HCL Tech.At the closing bell, the BSE Sensex stood up by 165 points […]
February Consumer Inflation: The Tug Of War Between Gasoline And Shelter Continues

February Consumer Inflation: The Tug Of War Between Gasoline And Shelter Continues

Last month I described the trend in consumer inflation as an ongoing “tug of war” between energy and housing. Energy (mainly gasoline) peaked in June 2022 and made its  low in June 2023, while housing, which peaked in early 2023, has been gradually disinflating since.That tug of war continued in February. Energy prices firmed, up […]
The Energy Report: Cracked Up

The Energy Report: Cracked Up

Image Source: DepositPhotosOil prices rebounded yesterday as it appears that gasoline supply is not all it’s cracked up to be. There are lingering concerns about the tightness of supply in the Midwest in the aftermath of the Whiting BP refinery outage as well as another refinery outage.Reuters reported that the coker and small crude distillation […]
Should You Buy Dick’s Sporting Goods Ahead Of Earnings?

Should You Buy Dick’s Sporting Goods Ahead Of Earnings?

Image Source: Unsplash  Investors are always looking for stocks that are poised to beat at earnings season and Dick’s Sporting Goods, Inc. (DKS – Free Report) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because DICK’S Sporting Goods is seeing favorable earnings estimate revision […]
Student Loan Forgiveness Is Robbing Peter To Pay Paul

Student Loan Forgiveness Is Robbing Peter To Pay Paul

With President Biden’s Saving on a Valuable Education (SAVE) plan set to extend more student loan relief to borrowers this summer, the federal government is pretending it can wave a magic wand to make debts disappear. But the truth of student debt “relief” is that they’re simply shifting the burden to everyone else, robbing Peter […]
Elliott Wave Technical Analysis: Exxon Mobil Corp. – Tuesday, March 12

Elliott Wave Technical Analysis: Exxon Mobil Corp. – Tuesday, March 12

Image Source: Unsplash  XOM Elliott Wave Analysis Trading Lounge Daily Chart, 12 March 2024Exxon Mobil Corp., (XOM) Daily ChartXOM Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minor 1 of (5).DIRECTION: Five waves up into wave 1.  DETAILS: We have seen a long lasting correction in what could be wave (4), and we have now found support […]