May 2024 - Page 168 of 270 -

U.S. Government Ran Big Surplus In April But Don’t Get Excited

May 13, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The U.S. government ran a rare surplus in April, but don’t get too excited. The Biden administration hasn’t slowed down the spending train, and more budget shortfalls loom on the horizon. The Biden administration ran a $209.5 billion surplus in April thanks to an influx of revenue as people filed their tax returns.Tax receipts […]

CPI Watch: What Upcoming Inflation Data Means For Your Money

May 13, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay This week, Marc LoPresti and Andrew Brill dive into the critical CPI (Consumer Pricing Index) report that could redefine your financial landscape. With inflation continuing to erode the purchasing power of American consumers, understanding the nuances of this upcoming data release has never been more essential. Marc and Andrew dissect the latest inflation […]

“Is The Boom-And-Bust Business Cycle Dead?”

May 13, 2024 Jeremy Parkinson Finance 0

That’s a leading question in the NYT a little while back (just getting to this now that I’ve finished grading). America’s contemporary economy, Mr. Rieder argued in his note to clients, is less vulnerable to the boom-and-bust cycles of old — mainly because its prosperous consumers are service-oriented, less dependent than ever on factories or farms. Consumption […]

Senators question DOJ for ‘unprecedented interpretation’ over Samourai Wallet and Tornado Cash

May 13, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Senators Ron Wyden (D-Ore.) and Cynthia Lummis (R-Wyo.) have sent a letter to Attorney General Merrick Garland, questioning the Department of Justice’s (DOJ) “unprecedented interpretation” of the law in its pursuit of cryptocurrency software services, such as Samourai Wallet and Tornado Cash, as unlicensed money-transmitting businesses.The senators argue that the DOJ’s approach contradicts previous guidance […]

Exhausted Consumers Are “Spent Up & Lent Up”, So Economy Will Slow

May 13, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels It feels like a tale of two economies right now.If you ask an economist, chances are you’ll hear that the US is doing great, growing faster than its G7 peers, with low unemployment and a stock market back near all-time highs.But if you ask the average man on the street, you’ll likely hear […]

The Market’s Prion Disease Returns

May 13, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Prion diseases, of which “mad cow” is the best known, are thankfully quite rare in humans. However, for better or worse, the market’s version – the meme stock trade — recurs periodically. As I type this, GameStop (GME) is up about 70% today and several other speculative darlings are showing double-digit gains. Why? Because […]

HarryPotterObamaSonic10Inu unveils new memechain technology

May 13, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Meme coin HarryPotterObamaSonic10Inu (BITCOIN) has announced today the launch of its blockchain, powered by AltLayer and EigenDA, the data availability layer of EigenLayer. On May 14th, the meme coin completes its first year.announced Despite not revealing details, the X post shared that this new blockchain will be a “memechain.” Since the announcement, BITCOIN has risen […]

Sentiment And Data Not Matching

May 13, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels “Davidson” submits:Three sentiment indicators reflected additional pessimism from the week prior after the PMI came in at 49.1, a PMI recession signal below 50. I suspect this caused portfolio managers to add downside hedges as seen in the SP500 Net Non-Commercial Futures, the WTI and a more pessimistic position on the Yield Curve. None of […]

ETFs To Make The Most Of The Sector Rotation

May 13, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Amid the latest rally, investors are flocking to defensive sectors like utilities and consumer staples in search of cheap stocks and away from cyclical sectors like technology and consumer discretionary. The strategy of shifting investments from one sector of the economy to another in anticipation of the next stage of the economic cycle […]

Bitcoin To Hit $75K Before July?

May 13, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash In the wake of Bitcoin’s halving event that happened in the middle of April, a significant number of investors are still hoping that a bullish sentiment will follow in the not-distant future. This article will discuss how soon the potential bull will trigger a price gain for Bitcoin and whether it will be […]