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Archives by Year:
Federal Budget: May Deficit Soars To Almost 3x Above Average
The Federal Government publishes the spending and revenue numbers on a monthly basis. The charts and tables below give an in-depth review of the Federal Budget, showing where the money is coming from, where it is going, and the surplus or deficit.This month saw a $347B deficit, the largest monthly deficit since March of 2023. […]
Money Market Funds Add $29.2 Billion During First Week Of June
Image Source: Pexels During LSEG Lipper’s fund-flows week that ended June 5, 2024, investors were overall net purchasers of fund assets (including both conventional funds and ETFs) for the sixth week in seven, adding a net $39.4 billion—the largest weekly inflow in nine weeks.This past week, money market funds (+$29.2 billion), taxable bond funds (+$6.1 billion), […]
Nasdaq 100 & S&P 500 Elliott Wave Daily Update
Image Source: Unsplash Slower day in both the NQ and ES as the markets digested AVGO’s earnings and continued to pour funds into AAPL and NVDA. There are a few internal labeling changes in the NQ but the overall pattern remains the same. I discuss today’s progress towards the ultimate goal of completing Minor 3rd waves. […]
Base Metals Could Soon Take Off From The Base Again
The inflation figures have been published. If we want to get an idea of where inflation is heading before the release, we analyze the commodities… By the way, commodities are extremely cheap compared to the S&P500 index… The ISM figures were also published this week. The copper/gold ratio used to have a very high correlation […]
Russell 2000 Rushes Out Of The Gates At Its Own Expense
There was a bit of a mixed bag from markets since my last update. The Russell 2000 (IWM) burst out of the bag on Monday’s bullish setup but most of the action was premarket, and by the time the market opened it was in decline. This continued into Thursday with the resulting closure of the […]
Oil Slips Lower As Electric Utilities Power Up
Image Source: Unsplash The big indexes are just slightly off their recent all-time highs, but of course, not all stocks are doing equally well.My attention is on the energy sector right now, as tracked by the Energy Select Sector SPDR ETF, XLE. It’s down close to 1.5% over the five days, and the zoomed-in chart I’ll […]
Market Talk – Thursday, June 14
Image Source: UnsplashASIA:The major Asian stock markets had mixed day today: NIKKEI 225 decreased 156.24 points or -0.40% to 38,720.47 Shanghai decreased 8.55 points or -0.28% to 3,028.92 Hang Seng increased 174.79 points or 0.97% to 18,112.63 ASX 200 increased 34.20 points or 0.44% to 7,749.70 Kospi increased 26.72 points or 0.98% to 2,754.89 SENSEX increased […]
Jobless Claims Swing Higher
Economic data, including jobless claims, came in weaker than expected this morning. For seasonally adjusted initial claims, there was a jump to 242K in the first week of June, the highest reading since last August. Before seasonal adjustment, claims totaled 234.7K. As shown in the first chart below, that is still lower than the […]
The Fed Leads And The Market Follows? It’s A Big Fat Myth
We help investors by analyzing what really drives the markets. Along the way, we often uncover a market myth, something most investors believe moves the markets, but really doesn’t. I want to show you one of the biggest market myths in existence. It will help you understand what the Fed can and cannot do.The one […]
Adobe Reports A Strong Q2 And Issues Upbeat Guidance
Image Source: Unsplash Adobe Inc (Nasdaq: ADBE) is rallying in extended hours on Thursday after reporting market-beating financial results for its second quarter. Adobe stock rallies on upbeat guidance Investors are rewarding the stock also because the management issued encouraging guidance for the future. $ADBE now forecasts its revenue to fall between $5.33 billion and $5.38 […]
