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At This Point, Good Data Could Be Atrocious For Markets

At This Point, Good Data Could Be Atrocious For Markets

Image Source: UnsplashThere’s an old (but usually true) cliche for times like we’re in now: “Bad news is good news,” meaning, terrible economic news is great for the markets because it could lead to looser policy at the Fed.Well, if that’s true… you don’t have to be Warren Buffett to figure out what good data could […]
Ethereum Foundation to implement conflict of interest policy amid EigenLayer controversy

Ethereum Foundation to implement conflict of interest policy amid EigenLayer controversy

The Ethereum Foundation (EF) is set to introduce a formal conflict of interest policy following community backlash over two prominent researchers’ associations with EigenLayer, a layer-2 restaking protocol built on Ethereum.The controversy began when crypto trader Jordan Fish (Cobie) questioned the ethics of EF developers receiving substantial financial incentives from projects built on Ethereum, specifically […]
Stocks And Precious Metals Charts – To Find One Another Again

Stocks And Precious Metals Charts – To Find One Another Again

Image Source: PixabayIt was generally quiet today in the markets, with a few adults showing up, and leaving early to join the rest on their three-day Memorial weekend vacation.Gold and silver caught a little bounce.There will be a Comex precious metals futures option expiration on Tuesday.VIX is wallowing.In honor of Memorial Day, let us remember the […]
Unity Software’s Impeccable Head And Shoulders Pattern Signals Further Decline

Unity Software’s Impeccable Head And Shoulders Pattern Signals Further Decline

Image Source: UnsplashBelow is Unity Software (U) which is sporting one of the cleanest head and shoulders tops I’ve ever seen in my life. The problem is that it’s at a lifetime low! Still, I think this will presage much lower prices. More By This Author:My Best Day Of 2024: Eight Bearish Wins And A Stellar QQQ […]
‘Best’ Macro Week In 4 Months Is Bad News For Most; But Nasdaq And Ethereum Surged

‘Best’ Macro Week In 4 Months Is Bad News For Most; But Nasdaq And Ethereum Surged

Image source: PixabayAfter six straight weeks of ‘weakness,’ US Macro Surprise data surged higher this week (which is ‘good news’) – it’s biggest positive weekly shift since January.Source: BloombergAnd that ‘good news’ sent rate-cut expectations tumbling (hawkishly) lower.Source: BloombergThe Nasdaq dramatically outperformed on the week, while the S&P 500 managed to rally today to get green for the […]
Ethereum spot ETF approval is here – Everything you need to know

Ethereum spot ETF approval is here – Everything you need to know

Spot Ethereum ETFs have finally received the greenlight after a period of uncertainty. Thursday’s approval not only marked a milestone for Ethereum but also a positive development in the US regulatory approach to crypto. This article will provide more insights into the recent approval, its potential motivation, and implications for the industry.An overview of spot […]
Another Massive Revision, This Time Durable Goods, What’s Going On

Another Massive Revision, This Time Durable Goods, What’s Going On

Image Source: PexelsThe Commerce Department revised March durable goods orders from +2.6 percent to +0.8 percent. Now it reports a 0.7 percent gain vs. an expectation of -0.5 percent. Durable Goods data from Commerce Department, revision inset from Bloomberg Econoday, chart by MishAdvance Durable Goods New orders for manufactured durable goods in April, up three consecutive […]
Silver Breaks Through 10-Year Slump; China Now A Big Player

Silver Breaks Through 10-Year Slump; China Now A Big Player

Image Source: PixabaySilver has seen an explosive move back to levels not seen in over a decade. Today, we discuss the technical and fundamental outlook for the silver market when it comes to increasing industrial demand for silver in solar panels, dwindling silver supplies, the role China and Chinese investors are now playing in driving silver higher, […]
GBP/USD Price Analysis: Subdued Despite Climbing Above 1.2700

GBP/USD Price Analysis: Subdued Despite Climbing Above 1.2700

Image Source: Pixabay The GBP/USD currency pair has jumped above the 1.2700 level on softer US data, yet the pair remains sideways. Key resistance emerges at 1.2761, 1.2800, and the year-to-date high near 1.2900. Support is seen at 1.2700, 1.2674, and the confluence of the May 3 high and 100-DMA. The British pound has erased some of its previous losses against […]
And Then There Was One – Nvidia

And Then There Was One – Nvidia

Image Source: Pexels “Magnificent 7” to “Magnificent 1”- Nvidia In the 1970s, all you had to know was to be in the “nifty fifty,” large-cap, predictable growth stocks on the NYSE, and you had the keys to the vault. Now, in the 2020s, all you need to know to totally bulletproof your portfolio is to own the “Magnificent […]