Archives by Month:

Archives by Year:

Energy Evolution Booming For Economic Reasons

Energy Evolution Booming For Economic Reasons

Despite naysayers who continually miss forests for trees, energy technology is rapidly evolving globally, and “S” curve adoption is proceeding apace.With a shrinking population and rising unemployment, China sees the imperative of improving efficiency and lowering operating costs through technology. To this end, the country is leading the world in the production of electric vehicles, […]
Elliott Wave Technical Analysis: Nvidia Corp. – Thursday, May 16

Elliott Wave Technical Analysis: Nvidia Corp. – Thursday, May 16

Image Source: Unsplash  NVDA Elliott Wave Analysis Trading Lounge Daily Chart,Nvidia Corp., (NVDA) Daily ChartNVDA Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minute {v}.DIRECTION: Upside in wave (iii).DETAILS: Equality of {v} vs. {i} stands at 972$, looking for resistance on top of TL1 at 1000$.NVDA Elliott Wave Analysis Trading Lounge 4Hr Chart,Nvidia Corp., (NVDA) 4Hr ChartNVDA Elliott […]
Walmart Earnings, Housing Starts, And Post CPI Fed Heads

Walmart Earnings, Housing Starts, And Post CPI Fed Heads

Photo by Marques Thomas on Unsplash  Slightly cooler April inflation data buoyed markets yesterday, pushing all major equity indexes to post gains north of 1% except for the Dow (0.88%), which was held back by declines in names like Traveler’s Companies (TRV), Walt Disney (DIS), and familiar laggard Boeing (BA). As Technology sat atop the sector leaderboard, the Nasdaq Composite […]
Bitcoin Commentary – Thursday, May 16

Bitcoin Commentary – Thursday, May 16

BTC Jumps on CPI SlideBitcoin bulls are seeing renewed optimism across early European trading on Thursday following a breakout rally yesterday in response to the latest US inflation data. With CPI seen cooling for the first time in six months, the US Dollar has fallen back as traders once again rebuild their near-term Fed easing […]
Stellar CPI Gains

Stellar CPI Gains

S&P 500 delivered the upswing bonds were tipping it to do since late last week, as per my weekend analysis released as promised yesterday.(…) Look not just at corporate bonds that keep showing greater resilience than the higher for longer mantra would imply – both in 2024, and even when only Thursday and Friday reaction to […]
Retail Sales And CPI Return Hope For A September Cut

Retail Sales And CPI Return Hope For A September Cut

Wednesday’s retail sales and CPI data were weak enough to get investors back on the rate-cut bandwagon. As shown in the CME table below, the market now ascribes an 85% chance the Fed will cut rates in September and reduce them a second time before year-end.Retail Sales for April were flat (0.00%) below the +0.40% expected […]
Binance develops algorithm to combat address poisoning scams

Binance develops algorithm to combat address poisoning scams

Blockchain security researchers from Binance have developed an algorithm that could detect poisoned crypto addresses on both the BNB Smart Chain and Ethereum networks.Address poisoning is a type of scamming method in the crypto space where threat actors send small amounts of crypto from and address that resembles a victim’s address. The purpose of such […]
After Limited Follow-Through Selling, The Dollar Has Come Back Bid

After Limited Follow-Through Selling, The Dollar Has Come Back Bid

OverviewThree of the G10 currencies rose by more than 1% against the US dollar yesterday after the softer inflation and weak retail sales readings. The Dollar Index lost almost 0.65% yesterday, the most this year. depositphotos Among emerging market currencies, only the Mexican and Chilean pesos rose by at least 1%. After extending its losses against most of […]
Aussie Market Commentary – Thursday, May 16

Aussie Market Commentary – Thursday, May 16

Image Source: Unsplash  Aussie Stalls into Key Resistance LevelThe Australian Dollar is cooling a little over early European trading on Thursday following a fresh push higher yesterday. Softer US inflation and weak US retail sales data helped drive USD lower on Wednesday, allowing the Aussie room to push higher.  However, weaker-than-forecast Aussie labour market data overnight […]
“Higher For Longer”: The Market’s Over It…You Should Be Too!

“Higher For Longer”: The Market’s Over It…You Should Be Too!

– “Higher for Longer” should read “Normal for Longer”– The post-Covid, post-globalization era ushers in a world of permanently higher inflation.– A record 4.1 million “baby boomers” reach retirement age in 2024 … a potential new stressor for an already tight labor market.– This is all good news!  depositphotos Should “Higher For Longer” read “Normal For Longer?”  Sycophant, Damocles, […]