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Stocks And The VIX Rise Ahead Of A Week Of Fedspeak

Stocks And The VIX Rise Ahead Of A Week Of Fedspeak

Image Source: Unsplash Another day, another all-time high…Traders seem to have largely shrugged off the FOMC statements of last week – might as well have been 100 years ago. That press conference didn’t exactly deliver the goods for the bulls.Then again, this week features a number of speeches from Federal Reserve members; maybe the bulls are […]
Bullish Engulfing Pattern For Russell 2000 As S&P And Nasdaq Post New Highs

Bullish Engulfing Pattern For Russell 2000 As S&P And Nasdaq Post New Highs

A strong day for markets stretched as far as the beleaguered Russell 2000 (IWM). The Small Caps index enjoyed a bullish engulfing pattern on the bullish mid-line of stochastics. It should be noted, the mid-line of stochastics [39,1] is the “oversold” state for a bullish market and today’s action matched this thesis (for a bull […]
Market Talk – Monday, June 17

Market Talk – Monday, June 17

Image Source: Unsplash ASIA:The major Asian stock markets had negative day today: NIKKEI 225 decreased 712.12 points or -1.83% to 38,102.44 Shanghai decreased 16.74 points or -0.55% to 3,015.89 Hang Seng decreased 5.66 points or -0.03% to 17,936.12 ASX 200 decreased 24.00 points or -0.31% to 7,700.30 Kospi decreased 14.32 points or -0.52% to 2,744.10 SENSEX […]
Rates Spark: French Bonds Not Benefitting From Return Of Risk Appetite

Rates Spark: French Bonds Not Benefitting From Return Of Risk Appetite

After Friday’s risk-off sentiment, risk appetite seemed to have returned a bit this week. French bond spreads, however, remain high and won’t see an abatement of uncertainty until after the elections at the beginning of July. We believe spillovers to other rates markets will remain limited. US Treasuries will in the end build to a 0.0% […]
Ethena updates ENA tokenomics with forced vesting and new use cases

Ethena updates ENA tokenomics with forced vesting and new use cases

Ethena Labs has announced a significant update to the tokenomics of its native token called ENA. Users receiving ENA through airdrops, such as from the Shard Campaign, must now lock at least 50% of their claimable tokens. The lock-in can be done through one of three methods: Ethena locking, PT-ENA on Pendle, or Symbiotic Restaking. […]
Lennar Q2 Earnings: ‘Purchasers Remained Responsive To Increased Sales Incentives’

Lennar Q2 Earnings: ‘Purchasers Remained Responsive To Increased Sales Incentives’

Image Source: Unsplash Lennar Corp (NYSE: LEN) is trading down in extended hours on Wednesday even though it reported better-than-expected financial results for its second quarter. Lennar’s guidance for the third quarter Investors are concerned because the guidance failed to impress. LEN now expects to deliver up to 21,000 homes in the second quarter.New orders, it […]
S&P 500, Nasdaq Nail Fresh Batch Of Record Closes

S&P 500, Nasdaq Nail Fresh Batch Of Record Closes

The stock market kicked off the short week with impressive gains. The Dow snapped a four-day losing streak with a triple-digit win, its best single-session pop of the month so far. The tech-heavy Nasdaq and S&P 500 both logged yet another record close, the former scoring its sixth-straight win. As investors parse through economic data indicating a […]
U.S. Retail Sales Preview

U.S. Retail Sales Preview

Image Source: Unsplash LSEG IFR Markets forecasts a challenging development for Q2 U.S. retail sales, with overall and ex-autos sales anticipated to increase by only 0.2% in May 2024. The control group is expected to fare slightly better with a 0.4% rise, though this still reflects a sluggish start to the quarter following April’s 0.3% decline.Unit […]
Will Broadcom’s 10-For-1 Split Offer A Boost For The Stock?

Will Broadcom’s 10-For-1 Split Offer A Boost For The Stock?

Image courtesy of 123rf.com At last week’s earnings call for Q2 period, Broadcom (Nasdaq: AVGO) announced a 10-for-1 stock split scheduled for July 15th. The fabless semiconductor company headquartered in San Jose, California is following Nvidia’s lead. Since Nvidia’s own stock split took effect on June 10th, turning investors’ one share into 10 shares’ worth, NVDA […]
The 20 Biggest Tech Companies By Market Cap

The 20 Biggest Tech Companies By Market Cap

The world’s 20 biggest tech companies are worth over $20 trillion in total. To put this in perspective, this is nearly 18% of the stock market value globally.This graphic shows which companies top the ranks, using data from Companiesmarketcap.com. A Closer Look at The Top 20 Market capitalization (market cap) measures what a company is worth by taking […]