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Another Flat Day With Big Afternoon Earnings: ARM, ABNB & More

Another Flat Day With Big Afternoon Earnings: ARM, ABNB & More

Image Source: UnsplashMarkets were flat again this Hump Day. Over the past week or so of trading, the major indices have been treading water. For the past month, the Dow and the Nasdaq are marginally in the green, while the S&P 500 is marginally in the red and the small-cap Russell 2000 is -0.9%. For today’s […]
Everything You Need To Know About Gold Stocks

Everything You Need To Know About Gold Stocks

Image Source: UnsplashAfter the introduction of Gold and Silver ETFs and a 13-year secular bear market, everyone knows gold miners suck. Just ask Hugh Hendry.But the truth is far more nuanced.Here is almost everything you need to know, divided into a list.1) Gold Stocks are Options on the Gold PriceThe introduction of the first Gold ETF […]
Indicators Are Suggesting A Stock Market Reversal May Be Coming

Indicators Are Suggesting A Stock Market Reversal May Be Coming

Image Source: UnsplashStocks were pretty flat today, and we were in a boring sideways session. There is little to say besides that the index is hitting resistance around the 78% retracement level and the 5,198 gap has been filled. A trend line that runs across the tops of the end of April also appears to be […]
Asia Morning Bites For Thursday, May 9

Asia Morning Bites For Thursday, May 9

Image Source: PixabayGlobal Macro and Markets Global Markets:  Longer-dated US Treasury yields moved slightly higher yesterday, though there was less action at the front end of the curve. Fed comments overnight didn’t deviate from recent remarks about rates staying higher for longer to reach the inflation target. EURUSD has come down from just under 1.08 to […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Wed, May 8

Nasdaq 100 & S&P 500 Elliott Wave Update – Wed, May 8

Image Source: Pixabay Not much to add to the current analysis – 2 days running – Both the NQ and ES initially added to the rally rosters and appear to have completed minuet 3rd waves within minute 3rd waves. This suggests minuet 4th waves are in play. I add Fibonacci retracements and extensions as needed.Video Length: 00:16:17More […]
The Outlook For Rate Cuts & The Risks To Markets

The Outlook For Rate Cuts & The Risks To Markets

Image Source: PexelsHere’s an interview I did with Oliver Renick on the Schwab Network from Wednesday discussing the macro outlook and the risks in the coming 12 months.My baseline assumption is that growth will continue to moderate in the 2-3% RGDP range and the disinflationary trend will persist thru year-end, albeit at a lower rate than we […]
Asia Open: US Inflation Data In The Market Purview

Asia Open: US Inflation Data In The Market Purview

Image Source: PexelsMARKETSWith next week’s pivotal US inflation data looming, we’re witnessing a stall in stock market momentum and an uptick in US Treasury yields. This shift comes amid murmurs of hawkish sentiment from Fed speak. Indeed the mind games intensify even further as investors cling to their rate cut hopes, more so with the Federal […]
These Fakeout Breakouts Could Double Our Profits On Thursday

These Fakeout Breakouts Could Double Our Profits On Thursday

Image Source: Unsplash Great work today – let’s do it again tomorrow!  I see 3 clues on the charts tonight, telling me these Fakeout Breakouts could be easy money on Thursday – are you seeing this too?Markets were choppy and range-bound into the close tonight…Choppy ranges might seem hard at first, but there’s easy money hidden […]
Financial Markets Report For Wednesday, May 8

Financial Markets Report For Wednesday, May 8

Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Wednesday, May 8.Video Length: 00:10:55More By This Author:Metals Report For Tuesday, May 7Financial Markets Report For Tuesday, May 7Metals Report For Monday, May 6
FTX creditors seek repayments at current market rates

FTX creditors seek repayments at current market rates

Bankrupt crypto exchange FTX unveiled yesterday a new plan to pay out at least 118% of recognized claims to 98% of its creditors. However, the plan faces pushback from Sunil Kavuri, who speaks for the largest group of creditors. Kavuri has called for a rejection of the proposed restructuring, arguing that repayments should reflect the […]