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Good Price On JD

Good Price On JD

The Chinese Internet stock JD.com had a nice inverted H & S pattern with a breakout. We have been retracing hard on this, but I think it’s getting close to a buy point (the top of that green tint). More By This Author:Grandpa Warren’s Grab BagIntel OutsideAt Last! An NVDA Chart!
Bond Yields Soar As Rate-Cut Hopes Plunge; Stocks, Oil, & Gold All Sold

Bond Yields Soar As Rate-Cut Hopes Plunge; Stocks, Oil, & Gold All Sold

A quiet macro day in the US – mixed bag of regional Fed survey data (Richmond Manufacturing good, Richmond Biz Conditions bad, Dallas Services bad) and plunging mortgage apps) – followed a hotter than expected inflation print in Germany, which sparked a further hawkish shift lower in rate-cut expectations with 2024 falling back to a 50-50 coin […]
How Wall Street Hid The 1996 Echo Boom Investment

How Wall Street Hid The 1996 Echo Boom Investment

Image Source: Pixabay  Nearly 30 years ago, 1996 was a year filled with unforgettable events:Motorola released the first flip mobile phone…Michael Jordan won his fourth NBA championship… The Summer Olympics kicked off in Atlanta, Georgia…But there’s one significant event from 1996 that has been shamefully overlooked: the first Echo Boom.  Biggest Gains In History1996 was a great time […]
Forex Today: Fed Rate Cut Bets Dominate The Scene

Forex Today: Fed Rate Cut Bets Dominate The Scene

Image Source: Pixabay  The Greenback extended its recovery and printed fresh multi-day highs amidst the persistent move higher in US yields and shrinking bets of a Fed rate cut in September.The USD Index (DXY) rose further and trespassed the key 105.00 barrier amidst multi-week tops in US yields. On May 30, another revision of the Q1 […]
Rep. Tom Emmer: ‘Gary Gensler has been the worst thing for the SEC’

Rep. Tom Emmer: ‘Gary Gensler has been the worst thing for the SEC’

In a recent conference presentation at Consensus, Rep. Tom Emmer (R-MN) expressed his views on the current state of crypto regulation and the role of the Securities and Exchange Commission (SEC) under the leadership of Gary Gensler. Emmer, a strong advocate for the crypto industry, criticized Gensler’s approach, stating, “Gary Gensler has been the worst […]
Grains Report – Wednesday, May 29

Grains Report – Wednesday, May 29

Image Source: Unsplash  WheatGeneral Comments: Wheat was higher in all three markets on adverse world growing conditions. Russian analytical services cut production estimates over the weekend to between 80 and 82 million tons, from over 85 million previously. There were no more reports of frosts and freezing temperatures in Russian growing areas. It has also been […]
Durable Goods Orders Holding – Wednesday, May 29

Durable Goods Orders Holding – Wednesday, May 29

This is a volatile but good series. Pay more attention to the trend, not any individual monthly orders. Based on history, now that machinery goods are rising fast, we ought to see a push in more total goods… (the machinery will make more total orders)“Davidson” submits: New Orders Durable Goods rose vs last month. Aircraft orders make […]
5 Top-Ranked Stocks Powering Nasdaq’s Rally To The 17,000 Mark

5 Top-Ranked Stocks Powering Nasdaq’s Rally To The 17,000 Mark

Image Source: Unsplash  The Nasdaq Composite Index hit a series of record highs and closed above the 17,000 milestone for the first time ever. Solid corporate earnings, artificial intelligence (AI) boom, and rate cut bets have been driving stocks higher. In particular, Nvidia’s blockbuster earnings spread huge optimism in the stock market along with the global […]
German Inflation Increases In May

German Inflation Increases In May

Image source: Pixabay  The flash estimate of German inflation in May illustrates the stickiness of inflation in the entire Eurozone. Headline inflation came in at 2.4% year-on-year, up from the 2.2% YoY in April but still below the 2.5% YoY recorded in February. The European inflation measure came in at 2.8% YoY from 2.4% in April. The […]
Ripple invests $25 million in pro-crypto campaign for 2024 US elections

Ripple invests $25 million in pro-crypto campaign for 2024 US elections

Ripple announced today an additional $25 million donation to Fairshake, a super PAC championing pro-crypto candidates in the 2024 elections. This doubles Ripple’s previous $25 million contribution, reinforcing its commitment to a pro-innovation political climate in the US. “Our contributions to Fairshake are just one of the many ways Ripple will actively invest in educating […]