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Ifo Index Gives Cold Shower To Optimists

Ifo Index Gives Cold Shower To Optimists

A stagnating Ifo index in May suggests that the bottoming out of the German economy is not yet being followed by a strong recovery. depositphotosWe continue to expect the German economy to remain at a de facto standstill. The Ifo index, Germany’s most prominent leading indicator, just illustrated that the cyclical bottoming out will not automatically be […]
Forex Today: Asian Stock Markets Trading Higher

Forex Today: Asian Stock Markets Trading Higher

depositphotos The week has begun with Asian stock markets leading the way modestly higher. Major Asian equity indices Hong Kong, China, Australia, South Korea, and Japan are ending the day higher. Some analysts see an increasing sentiment expecting a faster pace of US rate cuts as possibly helping sentiment. The precious metals Gold and Silver are rising, especially spot Silver […]
German IFO Business Climate Index Eases To 89.3 In May Vs. 90.3 Expected 
                    
 
 

German IFO Business Climate Index Eases To 89.3 In May Vs. 90.3 Expected    

The headline German IFO Business Climate Index arrived at 89.3 in May, a tad lower than the April figure of 89.4. The market expectation was 90.3. depositphotos Meanwhile, the Current Economic Assessment Index dipped from 88.9 in April to 88.3 in the same period, missing estimates of 89.9.The IFO Expectations Index – indicating firms’ projections for the […]
Newmont Corporation (NEM) Stock Analysis & Elliott Wave Technical Forecast

Newmont Corporation (NEM) Stock Analysis & Elliott Wave Technical Forecast

ASX: Newmont Corp. – NEM  Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart) depositphotos Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with Newmont Corp. – NEM. We see that wave ((iv))-green appears to be nearing completion and following that wave ((v))-green could return to push higher.ASX: Newmont Corp. – NEM  Elliott Wave Technical Analysis  ASX: Newmont Corp. – […]
3 Dividend Stocks For My Birthday 
                    
American Express Company (AXP)
Nucor Corp (NUE)
CVS Health Corp (CVS)
Conclusion about Dividend Stocks on Your Birthday

3 Dividend Stocks For My Birthday American Express Company (AXP) Nucor Corp (NUE) CVS Health Corp (CVS) Conclusion about Dividend Stocks on Your Birthday

As my birthday approaches this May, I find myself reflecting not just on another year gone by but also on the smart moves I can make for my financial future. Celebrating a birthday can be about more than just cake and candles—it can also be an excellent opportunity to review one’s investment portfolio. In this […]
AI Small Cap Stocks Portfolio Jumped +6% Last Week Led By VRSSF

AI Small Cap Stocks Portfolio Jumped +6% Last Week Led By VRSSF

Photo from by UnsplashIntroductionThe munKNEE AI Small Cap Stocks Portfolio declined 23% in April (see here) but has been on the rebound since then going UP 2.5% w/e May 3rd, UP 3.0% w/e May 10th, UP 8.7% w/e May 17th and UP another 6.5% last week. This article highlights the performances of the Portfolio’s 10 constituents, […]
Magnificent Seven News: Apple Dethroned By Microsoft For First Time In Four Years In Russell 1000 
                    
 
 

Magnificent Seven News: Apple Dethroned By Microsoft For First Time In Four Years In Russell 1000    

On Friday, FTSE Russell announced latest news of the FTSE Russell indexes, including the Russell 1000 Index, Russell 2000 Index, and Russell Microcap Index. depositphotos The news was revealing – not least because of significant changes to the top three companies by market cap in the Russell 1000 index. Apple loses number one spot to MicrosoftFor the first time since […]
Rates Spark: Rate Cuts Pushed Back Again

Rates Spark: Rate Cuts Pushed Back Again

The latest data shows that a full-blown global easing cycle is still a long shot. The pricing for European Central Bank cuts in 2024 is down to 60bp, which means two cuts are now deemed more likely than three. And the pricing could go even lower in our view. For the US, the case for higher yields based on […]
USD/CAD Finds Cushion Near 1.3650, Reversal Likely On Firm BoC Rate-Cut Bets

USD/CAD Finds Cushion Near 1.3650, Reversal Likely On Firm BoC Rate-Cut Bets

Photo by Michelle Spollen on Unsplash USD/CAD finds interim support near 1.3650 on firm speculation that the BoC will announce a rate cut on June 5. The US Dollar is expected to recover as expectations for the Fed pivoting to rate cuts in September have come down significantly. Trading volume is expected to remain light in Monday’s session […]
Monday Morning Memo: ETFs Go Ethereum In The U.S.

Monday Morning Memo: ETFs Go Ethereum In The U.S.

After the approval for spot Bitcoin ETFs on January 10, 2024, the Securities and Exchange Commission (SEC) has approved a rule change that allows exchanges to list spot Ethereum ETFs in the U.S. on May 23, 2024. depositphotos Nevertheless, the rule change will not lead to an immediate listing of Ethereum ETFs, since every single product needs its […]