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Crude Oil Recedes Post-Fed, WTI Tumbles Below $80

Crude Oil Recedes Post-Fed, WTI Tumbles Below $80

Image Source: Unsplash WTI slips back below $80 per barrel. Crude Oil markets unsettled by latest Fed rate call. Supplies continue to overwhelm Crude Oil demand. West Texas Intermediate (WTI) US Crude Oil fell below $80.00 per barrel on Wednesday as US Crude Oil supply continues to overwhelm demand, and the US Federal Reserve (Fed) remains hobbled on […]
Yen Soars After Japan Intervenes To Prop It Up For Second Time In 3 Days

Yen Soars After Japan Intervenes To Prop It Up For Second Time In 3 Days

Image Source: PixabayTwo days after the yen soared after crashing to a 34 year low of 160 against the US, when the Japanese Ministry of Finance reportedly spent around 5 trillion yen, or just over $30 billion, to push the imploding Japanese currency to levels not seen in … about 48 hours, moments ago with much of the […]
Investors Should Be Glad About Gladstone Capital’s 9% Yield

Investors Should Be Glad About Gladstone Capital’s 9% Yield

Image Source: PixabayGladstone Capital (GLAD) is a business development company (BDC) that has invested more than $2.5 billion in over 260 deals since it was founded in 2001.The company lends money to growth-oriented or recession-proof businesses that can’t get loans from banks.Gladstone currently has more than 100 investments in a variety of industries. Its portfolio includes… An […]
DeFi’s total value locked falls $10 billion in April

DeFi’s total value locked falls $10 billion in April

The total value locked (TVL) on decentralized applications fell $10 billion in April, according to data aggregator DefiLlama. That’s a 7% drop in 30 days, as the decentralized finance (DeFi) ecosystem closed last month with $138.6 billion, including liquid staked amounts.DeFi’s TVL variation in April. Image: DefiLlamaConsidering the 10 largest blockchains by TVL, Avalanche registered […]
Risk On, Risk Off, Or Risk Who Knows?

Risk On, Risk Off, Or Risk Who Knows?

Now that the FOMC is behind us,And the result was exactly what we expected-stay the course,And most sectors of the market found the obvious as a relief,And the metals rallied, right after I wrote that they would in the last Daily,And Jerome Powell said that most likely the next move won’t be a rate hike,And […]
Something Else Is Driving Gold

Something Else Is Driving Gold

Image Source: UnsplashThis analysis attempts to look at different metrics to understand the current momentum in the gold and silver markets. It is meant as an analysis of potential price direction in the very short term (1-2 weeks).In the analysis below, the price indicators suggest the correction has more to go, but some of the less-watched metrics indicate the correction could be much […]
Large “Inverse Hammers” Kill Rally In Indices May 01, 2024

Large “Inverse Hammers” Kill Rally In Indices May 01, 2024

Image Source: PexelsToday was not a great day for bulls; what looked promising for all indices intraday, was cooked by the close. The percentage loss for the day was not the issue, it was the intraday spread that caused the problem. In the case of the S&P and Nasdaq, current action since April lows has the […]
Asia Open: The FOMC Whipsaw And More Yen Intervention In Focus

Asia Open: The FOMC Whipsaw And More Yen Intervention In Focus

Image Source: PexelsMARKETSMarket participants clung to every word uttered by Chair Powell as risk assets whipped around in a frenetic fashion during the afternoon US trading session.Ultimately, U.S. stocks finished mixed after Powell stated that the interest rate cuts Wall Street desires are still likely, albeit potentially delayed due to stubbornly high inflation. The S&P 500 […]
Fed Day Is Over…But The Fallout Isn’t

Fed Day Is Over…But The Fallout Isn’t

Image Source: PixabayThe markets rallied strongly after the Fed non-announcement today (an 80-handle move at one point)… only to fall right out of bed in the last 30 minutes or so of trading. We saw a really dramatic, volatile reversal. Volatility futures actually fell as Powell was talking but then picked back up again later in […]
5 Inverse ETFs That Gained More Than 20% In April

5 Inverse ETFs That Gained More Than 20% In April

Image Source: PixabayThe U.S. stock market wrapped up April with losses, snapping a five-month winning streak and marking the market’s worst month of 2024. The Dow Jones declined 5%, its worst monthly performance since September 2022. The S&P 500 slid about 4.2% and the Nasdaq lost 4.4%. Both indices logged their first monthly decline since October […]