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Market Morsel: How “The Market” Is Really Doing

Market Morsel: How “The Market” Is Really Doing

Image Source: Pexels When people talk about “the market” they are usually referring to the big indexes – the S&P 500 or the Nasdaq. For more casual observers, “the market” is the Dow which is a lousy index for a lot of reasons but has the advantage of history. But are any those really representative of […]
FTSE Finds Its Feet Again As Rate Cut Speculation Mounts

FTSE Finds Its Feet Again As Rate Cut Speculation Mounts

Image Source: Pexels London stocks saw an increase on Wednesday, leading to speculation of a potential earlier rate cut following data revealing a standstill in the British economy in April. Additionally, Rentokil Initial, a pest control company, contributed to the market gains. The FTSE 100 rose by 0.8%, marking the highest intraday percentage gain in over […]
CPI With Surprise Miss

CPI With Surprise Miss

Image Source: Pexels The CPI came in lower than expected in May.Video Length: 00:08:27More By This Author:Implied Volatility Could Rise Sharply Before The CPI And FOMC Wall Street Has Been Slow To Adapt To A Higher-For-Longer Fed The May CPI Report Could Run Hotter Then Expected Based On Current Trends
Inflation Relief Boosts Case For US Rate Cuts

Inflation Relief Boosts Case For US Rate Cuts

Image Source: Pexels  A surprise 0.2% MoM core CPI inflation print after a similar reading for April core PCE deflator offers good news for the Fed in its fight to ease price pressures. This needs to become the trend after a series of far too hot readings at the start of the year. We think it will be and with unemployment on […]
The Last Resort – Manic Metals Report

The Last Resort – Manic Metals Report

Image Source: Unsplash Many years ago, when I first got into the commodity business, I had my share of what I used to think of as old codgers zapping up contracts of gold and silver because they believed that the end of the world was near, and gold and silver would be the currency of last […]
Elliott Wave Technical Analysis: Silver – Wednesday, June 12

Elliott Wave Technical Analysis: Silver – Wednesday, June 12

Image Source: Pixabay  Silver Elliott Wave Analysis Function -Trend Mode – Trend Structure -Zigzag for wave 2 Position – Wave 2 of (5) Direction – Wave 2 of (5) is still in play Details – The sharp decline on Friday meant wave 2 will reach lower levels at 29.07-28.128 Fibonacci range as a double zigzag structure emerges. […]
The CPI Is Flat For The Month, But Rent Is Up Big Again

The CPI Is Flat For The Month, But Rent Is Up Big Again

The St. Louis Fed, AKA Fred is abysmally late updating its data feed. I have too many charts to update manually, so here is a synopsis instead of my typical detailed report.CPI Flat for May The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in May on a seasonally adjusted basis, after rising […]
Crude Oil Can Be Trapped In A Triangle Range

Crude Oil Can Be Trapped In A Triangle Range

Image Source: Unsplash  Crude stabilized at the end of 2023, likely paused for a correction within downtrend, therefore we are tracking wave (B) correction that can be ideally a bearish ABCDE triangle pattern. It can be now actually in final stages of subwave E of (B) with resistance around 80-85 area, from where we should be […]
CPI – Fed Decision & WASDE. The Corn & Ethanol Report

CPI – Fed Decision & WASDE. The Corn & Ethanol Report

Image Source: Unsplash  We kickoff the day with MBA 30-Year Mortgage Rate, MBA Mortgage Applications, MBA Mortgage Market Index, MBA Mortgage Refinance Index, and MBA Refinance Index at 6:00 A.M., Core Inflation Rate MoM & YoY, Inflation Rate MoM & YoY, CPI, and CPI s.a. at 7:30 A.M., EIA Energy Stocks at 9:30 A.M., 17-Week Bill […]
Sensex Today Ends 100 Points Higher; Nifty Above 23,300

Sensex Today Ends 100 Points Higher; Nifty Above 23,300

After opening the day higher, Indian share continued the momentum as the session progressed and ended on a positive noteIndian bourses were seen trading with significant gains in Wednesday’s intra-day trades, ahead of the inflation and IIP data later today.At the closing bell, the BSE Sensex stood lower by 100 points (up 0.2%).Meanwhile, the NSE Nifty closed higher by […]