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Reddit IPO: Not A Big Deal

Reddit IPO: Not A Big Deal

Image Source: Kevin Smith on FlickrMuch has been made of the big “pop” that Reddit’s IPO had on Thursday, as if that somehow heralded a new era of initial public offerings. I don’t think so.Reddit has done nothing but lose money since its creation, with cumulative losses approaching $800 million (but at least their CEO is nicely compensated, whose last […]
Easing In The Middle Of Persistent Inflation May Worsen Stagflation Risk

Easing In The Middle Of Persistent Inflation May Worsen Stagflation Risk

Image Source: PixabayThirty major central banks are expected to cut rates in the second half of 2024, a year when more than seventy nations will have elections, which often means massive increases in government spending. Additionally, the latest inflation figures show stubbornly persistent consumer price annualized growth.In the United States, headline PCE inflation in February will […]
Gold Hits New High As Federal Reserve Turns Super Dovish To Set Stage For Coming Bubble Bust

Gold Hits New High As Federal Reserve Turns Super Dovish To Set Stage For Coming Bubble Bust

Image Source: PexelsLast week, the Federal Reserve turned super dovish with its FOMC statement and Jerome Powell’s subsequent press conference. Coming into this year, the Federal Reserve predicted that it would lower interest rates three times in 2024. As the months went by, though, inflation data did not improve, and so they could not lower rates in […]
Dividend Stock Watch List: April 2024 Edition

Dividend Stock Watch List: April 2024 Edition

Image Source: PixabayThe stock market has continued to edge up, setting new all-time highs for what feels like every other day at this point. Therefore, it may be difficult to find undervalued dividend stocks right now, due to the market surging over 24% in 2023 and over 10% so far in 2024. However, you know we never back down from […]
Big Picture Technical Update For The S&P 500 – Sunday, March 24

Big Picture Technical Update For The S&P 500 – Sunday, March 24

Image Source: UnsplashIn this video, I update the long-term and short-term charts. I made some adjustments to the labeling, which, in turn, did change the pattern for the S&P 500. The big picture, though, remains the same in that the S&P 500 remains in the process of putting in the finishing moves for the Primary B wave countertrend rally. Over the […]
Bitcoin – Potential Correction Despite ETFs And Halving

Bitcoin – Potential Correction Despite ETFs And Halving

Image Source: UnsplashThe stock market rally still demonstrates a lot of momentum, with the S&P 500 showing a year-to-date return of 7.11%, Furthermore, the market’s focus on the tech sector, with AI-related companies like Nvidia experiencing substantial revenue growth and stock price increases, is not waning yet.Besides Nvidia, however, the star of 2024 is without a doubt […]
Reddit Jumps Nearly 50% In Market Debut

Reddit Jumps Nearly 50% In Market Debut

TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Image Source: www.gotcredit.com via FlickrShares of Reddit jumped almost 50% over their initial public offering price, with the social media company raising about $748 million as the IPO market seems to be finally reopening. Reddit’s IPO is the […]
Stocks May Be In For A Wild Week Of Trading Starting On March 25, 2024

Stocks May Be In For A Wild Week Of Trading Starting On March 25, 2024

It will be a strange week, given the calendar’s lunar eclipse on Monday and the market’s closure on Friday. Add to that a PCE report on Friday, the day the market is closed, and a Jerome Powell interview on the same day.I can’t see why Powell would opt to interview on the same day as the PCE report […]
Conference Board Revises 2024 Outlook Up

Conference Board Revises 2024 Outlook Up

…to 1% y/y [1]. Their Leading Economic Indicator edges up slightly [2]. Justin Ho discussed their brightening view on  Friday’s Marketplace.Interestingly, the Conference Board sees near zero growth in 2024Q2-Q3. This is consistent with the term spread based predictions which show a high probability of recession in 2024Q2.Figure 1: GDP (bold black), CBO projection (blue), Survey of Professional Forecasters (red), FT-Booth […]
Crude Oil Weekly Forecast: After Touching Highs A Slight Reversal Lower 
                    
 
 

Crude Oil Weekly Forecast: After Touching Highs A Slight Reversal Lower    

WTI Crude Oil had a rather interesting week of trading as it produced highs not been seen since the first week of November, but then a slight downturn was demonstrated.Unsplash WTI Crude Oil will start this week of trading slightly below its starting point on last Monday. However, the commodity went into the weekend near the […]