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Tap The Stock Buyback Trend With PKW ETF

Tap The Stock Buyback Trend With PKW ETF

Image Source: PixabayStock buybacks recently staged a strong comeback from the lull witnessed in 2023. Companies have announced share repurchases of more than $383 billion in the last 13 weeks, up 30% from the year-ago period and the highest since June 2018, per research from Deutsche Bank. This indicates that corporate America is bullish on the […]
Markets Peaked Yesterday, But Today Wasn’t One For Sellers

Markets Peaked Yesterday, But Today Wasn’t One For Sellers

Image Source: PixabayIt was a bit of an off day. The gap down had all the makings of a substantial sell off (one I tried to short), but in the end, it was longs who came out on top. The question for tomorrow is if today’s action can deliver a challenge on yesterday’s highs, and get […]
Optimism will roll out new features to support layer 3 on Superchain

Optimism will roll out new features to support layer 3 on Superchain

Optimism is set to release two new features to facilitate the integration of layer 3 (L3) builders into its Superchain network. The upcoming features, custom gas tokens, and Plasma Mode, are designed to streamline the onboarding process for L3s utilizing the OP Stack and to foster a collaborative environment within the Optimism ecosystem. 2 key […]
Rates Spark: Markets Looking For Affirmation Of Dovish Sentiment

Rates Spark: Markets Looking For Affirmation Of Dovish Sentiment

Image Source: PexelsA first-rate cut by the Riksbank has not been enough to further push the bullish sentiment. Eyes are on the Bank of England. While no cut is seen, the market could be looking for a more dovish lean following the Fed’s example. After a less-than-solid 10Y UST sale, the new 30Y bond could be […]
The Expected Move Is Keeping Markets Here… But Volatility Lurks

The Expected Move Is Keeping Markets Here… But Volatility Lurks

Image Source: UnsplashA market like this, where stocks move a little higher and then gently drift lower, can be really deceptive.There’s not much you can read into a market that’s down… a point. Financials are down a little, tech is all over the place and news-driven, energy is massively unchanged…The advance/decline line is… slop-tastic.It’d be very […]
Stocks And Precious Metals Charts – Sic Transit Gloria Mundi

Stocks And Precious Metals Charts – Sic Transit Gloria Mundi

Image Source: PexelsStocks did their usual intraday churn and burn, finishing largely unchanged.Gold and silver were feeling a bit wobbly, but not overmuch.The Dollar chopped sideways.VIX has now fallen, considerably.Have a pleasant evening.More By This Author:Stocks And Precious Metals Charts – The Father Of Lies And His Children Of The World Stocks And Precious Metals Charts […]
May 2024 Short Term Energy Outlook: WTI, Gasoline Prices

May 2024 Short Term Energy Outlook: WTI, Gasoline Prices

Photo by Timothy Newman on UnsplashFrom EIA (May 7, 2024):Source: EIA, STEO (May 2024).Note that the forecast is slightly above futures. See Chinn and Coibion (2014) on oil futures forecasting performance.Here’s the gasoline forecast:Source: EIA, STEO (May 2024).For context, here’s regular gasoline prices (nominal, real) in the US:Figure 1: Price of regular gasoline in $/gallon (blue), and in 2017$/gallon (tan). Relative […]
Why The Fed Can’t Cut Rates This Year

Why The Fed Can’t Cut Rates This Year

Image source: WikipediaWe have been referring to the growth of M2 (money supply) as one of the factors that shows that the Fed has NOT been fighting inflation in our previous articles ( “What’s Truly Fueling the AI Stock Market Rally”  and “The Makings of a Huge Speculative Frenzy, Bigger Than The Dotcom Bubble”).Let’s face it; the Fed is […]
Bond Yields & Black Gold Bounce As Hawkish FedSpeak Slows Stocks

Bond Yields & Black Gold Bounce As Hawkish FedSpeak Slows Stocks

Image Source: UnsplashMixed bag today: Macro (ugly wholesale sales print, implied gasoline demand at decade-lows ex-COVID, GDPNOW up at 4.18%?), Micro (TRIP exposed as M&A premium evaporates exposing the reality of tourism business, UBER hinting at consumer pain, SHOP signaled more consumer pain, AFRM cut revenues forecasts as BNPL schemes falter – more consumer pain, TSLA tumbled on […]
Nyan Heroes launches new CATNIP and NYAN rewards with its Season 2

Nyan Heroes launches new CATNIP and NYAN rewards with its Season 2

Web3-focused game Nyan Heroes announced the start of its Season 2 with its highly anticipated Ranked Mode, which will reward users with the token NYAN based on their performances. The ranked season will last until May 26.Season 2 introduces a host of new missions, rewards, and gameplay experiences, including the opportunity to earn seasonal CATNIP […]