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Competing Forces On Rent, Where Do We Put 8 Million Illegal Immigrants?

Competing Forces On Rent, Where Do We Put 8 Million Illegal Immigrants?

Image source: PixabayMillions of immigrants keep pouring in. New residential construction has stalled and multi-family construction is in decline. Completions are rising, but is that enough housing?More Than 8M Migrants Will Soon Be Living in the USAxios reports Migrant Backlog to Hit 8 Million Under Biden by October More than 8 million asylum seekers and other migrants […]
Elliott Wave Analysis On Tesla Suggests A Double Correction

Elliott Wave Analysis On Tesla Suggests A Double Correction

Image Source: PexelsShort Term Elliott Wave in Tesla (TSLA) suggests the rally from 4.22.2024 low is in progress as an impulse. Up from 4.22.2024 low, wave (1) ended at 198.90 as the 45-minute chart below shows. Wave (2) pullback is currently in progress. The internal subdivision of wave (2) takes the form of a double three Elliott […]
Canadian Dollar Extends The Downside Below 1.3750 Ahead Of Canadian Retail Sales Data

Canadian Dollar Extends The Downside Below 1.3750 Ahead Of Canadian Retail Sales Data

Photo by Michelle Spollen on Unsplash USD/CAD holds positive ground around 1.3730 in Friday’s Asian session.  The US S&P Global PMI came in better than expectations in May.  The further decline of crude oil prices weighs on the Loonie.  The USD/CAD pair trades on a stronger note for the fifth consecutive day near 1.3730 on Friday during the Asian trading hours. The […]
ETFs To Gain As NVIDIA Q1 Earnings Fuel Rally In AI Stocks

ETFs To Gain As NVIDIA Q1 Earnings Fuel Rally In AI Stocks

Image Source: PixabayIn an impressive display of financial performance, NVIDIA (NVDA – Free Report), a leading U.S. chip designer, exceeded Wall Street’s first-quarter earnings and revenue expectations on Wednesday. This announcement not only showcased NVIDIA’s robust position in the AI chip market but also bolstered optimism over the global artificial intelligence (AI) boom.NVIDIA shares rose as much as […]
Australian Dollar Extends Losses Due To Risk Aversion After Stronger US PMI

Australian Dollar Extends Losses Due To Risk Aversion After Stronger US PMI

Image Source: Unsplash The Australian Dollar continues to lose ground after the release of higher-than-expected US PMI data. Australian equities faced pressure due to the lower commodity prices amid hawkish sentiment surrounding the Fed. US Dollar gained ground after FOMC Minutes suggested a lack of progress on inflation. The Australian Dollar (AUD) continues its losing streak […]
5 Reasons To Buy Nvidia’s Stock After Strong Q1 Results

5 Reasons To Buy Nvidia’s Stock After Strong Q1 Results

Image Source: PixabayNvidia (NVDA – Free Report) shares are up over +10% in today’s trading session after reporting its Q1 results Wednesday evening and posting another quarter of exponential growth. Furthermore, there is still an abundance of reasons to buy the chip giant’s stock.With Nvidia’s stock hitting fresh record highs, the leader in AI accelerating GPUs posted Q1 EPS […]
SPDR ETF Report For Thursday, May 23

SPDR ETF Report For Thursday, May 23

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day that ended, Thursday, May 23.Video Length: 00:16:47More By This Author:SPDR ETF Report For Wednesday, May 22Metals Report For Wednesday, May 22SPDR ETF Report For Tuesday, May 21
Stocks See Big Swings Now That Rate Hikes Have A Pulse Again

Stocks See Big Swings Now That Rate Hikes Have A Pulse Again

Image Source: UnsplashStocks moved sharply lower today after opening sharply higher. It was, as expected, a reasonably volatile day, with many surprise turns, given that Nvidia (NVDA) was up nearly 10%, and the S&P 500 finished lower by around 75 bps. There was a 1.4% reversal in the S&P 500 overall intraday, while the Nasdaq 100 […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Thu, May 23

Nasdaq 100 & S&P 500 Elliott Wave Update – Thu, May 23

Image Source: UnsplashBoth the NQ and the ES reached new ATH’s on the opening today with those highs being the completion points for the current 3rd waves within the ongoing sequences up. The sell-off that ensued I am tracking as the expected 4th waves with the ongoing 5 waves up sequences. I updated the labeling and […]
Asia Morning Bites For Friday, May 24

Asia Morning Bites For Friday, May 24

Image Source: Pixabay Global Macro and Markets   Global Markets: Stronger US PMIs helped to push up US Treasury yields following the somewhat modest response to the previous day’s FOMC minutes. 2Y yields rose 6.6 basis points, while the 10Y yield rose 5.5 basis points to 4.477%. Japan’s 10Y JGB yield remains just below 1.0% at 0.997%. […]