June 2024 - Page 14 of 240 -

S&P 500, Nasdaq Head For 4th-Straight Daily, Weekly Wins

Jun 28, 2024 Jeremy Parkinson Finance 0

The Dow Jones Industrial Average (DJI) is up 155 points this afternoon and on track for a third consecutive daily gain, even as Nike (NKE) underperforms the broader market. The Nasdaq Composite Index (IXIC) and S&P 500 Index (SPX) are higher as well and pacing for their fourth-straight daily and weekly wins, following a host of economic […]

S&P 500 Earnings Dashboard 24Q1 – Friday, June 28

Jun 28, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels S&P 500 Aggregate Estimates and Revisions The 24Q1 Y/Y adjusted blended earnings growth estimate is 11.4%. If the energy sector is excluded, the growth rate for the index is 11.5%. Please note that the 24Q1 year-over-year growth rate for Bristol Myers Squibb reflects an approximate $12 billion one-time charge related to its acquisition of Karuna Therapeutics. […]

Continued Unemployment Claims Rise To Highest Level Since November 2021

Jun 28, 2024 Jeremy Parkinson Finance 0

Continued unemployment claims data by the Department of Labor, chart by Mish.Continued Claims Key Points The advance number for seasonally adjusted insured unemployment during the week ending June 15 was 1,839,000, an increase of 18,000 from the previous week’s revised level. This is the highest level for insured unemployment since November 27, 2021 when it was 1,878,000. […]

Gold Keeps Consolidating Within A Higher Degree Correction

Jun 28, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay We talked about gold on June 18th, where we mentioned and highlighted an ongoing five-wave impulsive bullish cycle on a daily chart, which looks to be unfinished, as we are tracking higher degree wave 4 correction that can send the price higher for wave 5.Gold has turned lower in the last two months, […]

The Energy Report – Sensing Something.

Jun 28, 2024 Jeremy Parkinson Finance, No picture 0

The oil market seems to be sensing something as the market is taking off this week even with bearish Energy Information (EIA) inventory data the price is headed to the upside. The oil market prices are hitting the highest level since April and the spreads are suggesting that supplies are starting to tighten significantly and […]

Real Income And Spending In May A Nice Rebound, But Watch The Caution Flags In Manufacturing Sales And Goods Spending

Jun 28, 2024 Jeremy Parkinson Finance 0

Personal income and spending, in addition to the jobs report, has become one of the most important monthly reports I follow, mainly because I am looking for signs that the contractionary effects of Fed tightening are finally taking effect. To cut to the chase, this month’s report was mainly positive, but had a few cautionary […]

Chart Of The Day: United Therapeutics – Drugs For Chronic Illnesses

Jun 28, 2024 Jeremy Parkinson Finance 0

The Chart of the Day belongs to the pharmaceutical company United Therapeutics (UTHR). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price […]

As War Rages Next Door, Poles Seek Safety In Gold

Jun 28, 2024 Jeremy Parkinson Finance 0

By Mike Maharrey, Money Metals ExchangeAs war wages across their eastern border, Poles seek safety.And they’re finding it in gold.Russian troops stormed across the Ukrainian border on Feb. 24, 2022. It was Fat Tuesday; a day Poles typically line up for jelly-filled donuts called pączki. Instead, they lined up to buy gold.Piotr Kokik is the […]

Core PCE Positioning Beyond SPY

Jun 28, 2024 Jeremy Parkinson Finance 0

S&P 500 kept making higher lows intraday, with sellers‘ power waning as not unequivocally soft landing supportive data (GDP prices above expectations and durable goods orders above expectations stood out) were ignored by equities, which then went on to flush twice intraday – seeking to shake off weak longs first, and then the panicky reaction […]

LayerZero and Trident3 launch P2P digital identity on over 70 blockchains

Jun 28, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways T3id uses a non-transferable NFT to maintain unique user identities across blockchains. The “lock and mint” process allows for identity verification on multiple blockchain networks. Trident3 has recently integrated the peer-to-peer digital identity solution T3id with LayerZero. This collaboration will let users quickly identify themselves across over 70 blockchains connected through LayerZero’s infrastructure. […]