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GameStop Stock Gains Ahead Of Landmark Q4 Earnings Release

GameStop Stock Gains Ahead Of Landmark Q4 Earnings Release

Image courtesy of 123rf.com GameStop (NYSE: GME), the well-known video game retailer, is set to release its fourth-quarter earnings report after the market closes on March 26, 2023. The report is highly anticipated by investors and analysts alike, as it could serve as a significant catalyst for the company’s stock price.  Analysts Expect $0.29 EPS, $2.05 Billion in Q4 […]
Boeing’s Gaping Hole

Boeing’s Gaping Hole

Image Source: Unsplash The failing corporation Boeing (BA), buoyed only by the fact that it is a massive gift-giver to Congress and thus has survived off the grift from defense contracts, has been taking a lot of heat for manufacturing shoddy, defective, death machines known as Boeing passenger jets. The straight-out-of-central-casting CEO (white dude, check, bald, check, too […]
Stellar Foreign Demand For Record Big 2Y Treasury Auction Despite Modest Tail

Stellar Foreign Demand For Record Big 2Y Treasury Auction Despite Modest Tail

Image Source: Pixabay Moments ago, the Treasury concluded the first of this week’s front-loaded auctions when it sold $66BN of 2-year notes, the first coupon auction after last week’s dovish Powell presser. The auction was immediately notable for one reason: upsized by $3BN from last month, at $66BN this was the largest 2Y auction on record, but it […]
How To Use Time Decay To Your Advantage

How To Use Time Decay To Your Advantage

Image Source: Pexels To be a successful options trader, you need to learn how to use time decay to your advantage. This is far more complicated than you might think – especially if you are new to options trading.Many new traders are tantalized by potential high returns when buying calls or puts. As long as the […]
As Mortgage Rates Remain Rangebound, So Do New Home Sales

As Mortgage Rates Remain Rangebound, So Do New Home Sales

Let’s begin this post by putting why I am watching new home sales in context.The economy was kept out of recession last year, despite aggressive Fed rate hikes, in large part by commodity price deflation, much or most of which was triggered by the un-kinking of supply chains after the pandemic. That gale force economic […]
How Lower Rates And Central Bank Demand Are Fueling The Gold Rally

How Lower Rates And Central Bank Demand Are Fueling The Gold Rally

Image Source: Pixabay Gold staged a blinding comeback last week, surging to fresh all-time highs above $2,200 an ounce. The rally, which has added around 10% to gold’s value since mid-February, caught many market watchers off-guard. But for those of us who’ve stuck with the yellow metal through its ups and downs, the price action is […]
Bottom Not In

Bottom Not In

Image Source: Unsplash US commercial real estate prices have declined an average of 33% since early 2020, with a 60% decline in the office sector. Similar trends are unfolding in Canada.US office loan delinquencies of 30 to 60 days (dark blue below, courtesy of Bespoke) and over 90 days (light blue) have spiked in the past […]
New Home Sales Little Changed In February

New Home Sales Little Changed In February

New Home Sales from the Census Bureau New Residential Construction report, chart by Mish.New Home Sales Sales of new single‐family houses in February 2024 were at a seasonally adjusted annual rate of 662,00. This is 0.3 percent (±16.2 percent) below the revised January rate of 664,000, but is 5.9 percent (±14.3 percent) above the February 2023 estimate […]
Gold – Something New Something Old

Gold – Something New Something Old

Invalidation of the breakouts, candlestick formation, and the volume. What are they saying about the next move? Technical Picture of Gold Looking at the medium-term chart, we see that although the sellers invalidated the earlier breakout above the upper border of the blue rising wedge in the week ended on Mar.15, their opponents closed ranks […]
Stocks Lower As Tech Sector Selloff Accelerates

Stocks Lower As Tech Sector Selloff Accelerates

The shortened trading week is kicking off with losses, as semiconductor stocks lead a broader tech selloff. Keeping up with premarket losses, the Dow Jones Industrial Average (DJI) is nearly 130 points lower, while the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also sitting in red ink. On the economic data front, new home sales came […]