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Another Terrible Trade Report, Plus A Spotlight On Not Winning Big

Another Terrible Trade Report, Plus A Spotlight On Not Winning Big

Trade data from the Census Department, chart by MishThe Advance Economic Indicators for May are headed in the wrong direction.Advance International Trade in Goods: The international trade deficit was $100.6 billion in May, up $2.7 billion from $98.0 billion in April. Exports of goods for May were $166.7 billion, $4.6 billion less than April exports. Imports of […]
S&P 500 Four Under Five

S&P 500 Four Under Five

The S&P 500’s strong first half, with gains exceeding 15%, has pushed its valuation even higher. The average P/E ratio based on current year expected earnings now sits at 22.7, while the median is nearly five points lower at 17.8. This gap highlights the concentration of high valuations among the largest companies in the index. […]
Grains Report – Friday, June 28

Grains Report – Friday, June 28

WHEAT General Comments: Wheat was higher in all three markets yesterday on better-than-expected weekly export sales. The US harvest is expanding through Kansas and adverse world growing conditions are still around. Many were also looking ahead to the USDA reports on Friday that are expected to be bearish. There were more reports of hot temperatures […]
Bitcoin Surges 1.1% Amid Debate As Betting Markets Favor Trump Over Biden

Bitcoin Surges 1.1% Amid Debate As Betting Markets Favor Trump Over Biden

Image Source: Unsplash Following the widely watched presidential debate that pitted former president Donald Trump and current president Joe Biden against each other, the crypto market has witnessed an uptick. Though the 90-minute debate did not touch on cryptocurrencies, it has seen the betting markets favor Trump over Biden.Data from PredictIt reveals that the odds of […]
SEC sues ConsenSys for alleged unregistered security brokerage

SEC sues ConsenSys for alleged unregistered security brokerage

Key Takeaways ConsenSys has brokered over 36 million transactions without SEC registration. The SEC lawsuit claims ConsenSys deprived investors of necessary legal protections. The Securities and Exchange Commission (SEC) has initiated legal action against ConsenSys, alleging the company’s involvement in the unregistered sale and brokerage of securities through its MetaMask services.According to the SEC, since […]
High Dividend 50: Whirlpool Corporation

High Dividend 50: Whirlpool Corporation

Whirlpool Corporation (WHR) was a major beneficiary of low interest rates and a strong housing market for many years.But recent years have been much more challenging for the company. Ongoing inflation and high interest rates have weighed significantly on Whirlpool’s earnings.WHR stock has declined 30% in the past 12 months. As a result, WHR stock […]
What In The World Happened In 1971?

What In The World Happened In 1971?

A colleague recently discovered a website called “WTF Happened in 1971?”The entire main page is filled with charts and graphs. All of them show some kind of significant shift beginning in 1971. There are over 75 of them!Here are just a few examples:Here is some more data from graphs on the website: African-American incomes virtually […]
Business Cycle Indicators, End-June

Business Cycle Indicators, End-June

Nominal PCE slightly below consensus (+0.2% vs. +0.3%). Here are some key business cycle indicators followed by NBER BCDC, with real personal income ex-transfers flat (along with real consumption)Figure 1: Nonfarm Payroll (NFP) employment from CES (bold blue), civilian employment (orange), industrial production (red), personal income excluding current transfers in Ch.2017$ (bold green), manufacturing and trade […]
Solana could 8.9x as it becomes the next crypto ETF — GSR

Solana could 8.9x as it becomes the next crypto ETF — GSR

Key Takeaways Solana’s inclusion in a spot ETF could significantly impact its market value. Legislative changes in the US are creating a more favorable environment for crypto ETFs. A recently published report from GSR Markets, one of the biggest crypto market makers, analyzed how Solana could gain 8.9x as it progresses towards becoming the next […]
Uber And Lyft Stocks Gain As Massachusetts Settlement Provides Clarity

Uber And Lyft Stocks Gain As Massachusetts Settlement Provides Clarity

Image courtesy of 123rf.com In a landmark agreement, ride-hailing giants Uber (NYSE: UBER) and Lyft (Nasdaq: LYFT) have settled with Massachusetts Attorney General Andrea Campbell, ushering in a new era of driver benefits and protections. The deal, announced on Thursday, establishes a minimum pay standard and introduces a suite of benefits for drivers while preserving their status […]