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Stocks Are Coiling Up Near Highs… And Powell Hasn’t Spoken Yet

Stocks Are Coiling Up Near Highs… And Powell Hasn’t Spoken Yet

Image Source: Unsplash The markets are facing some formidable headline risk right now… The FOMC will make a decision on rates (Europe and Canada have already cut) – and Jerome Powell will speak after the minutes are released.That alone would be enough to make anyone think twice, but to top it off, we’re getting some very […]
Market Talk – Tuesday, June 11

Market Talk – Tuesday, June 11

Image Source: Unsplash ASIA:The major Asian stock markets had a mixed day today: NIKKEI 225 increased 96.63 points or 0.25% to 39,134.79 Shanghai decreased 23.23 points or -0.76% to 3,028.05 Hang Seng decreased 190.61 points or -1.04% to 18,176.34 ASX 200 decreased 104.60 points or -1.33% to 7,755.40 KOSPI increased 4.15 points or 0.15% to 2,705.32 […]
Nasdaq, S&P 500 Snag Another Record Close

Nasdaq, S&P 500 Snag Another Record Close

The broader market was a mixed bag Tuesday, as focus remains on the Fed’s two-day policy meeting that began this afternoon. The blue-chip index shed 120 points, its worst performance of the month so far, shrugging off an outsized move and new all-time high from tech giant Apple (AAPL). Elsewhere, the tech-heavy Nasdaq and S&P 500 both […]
AMC Entertainment Announced $3.0 Ticket

AMC Entertainment Announced $3.0 Ticket

Photo by Donreál Lunkin on Unsplash AMC Entertainment Holdings Inc (NYSE: AMC) is bringing its summer movie camp programme back this summer. Shares of the cinema chain are up 15% at writing. What does it mean for the AMC stock? AMC said its summer movie camp programme will go live on June 24th and will remain in place until […]
On The Recession Indicator Watch: Retail Sales

On The Recession Indicator Watch: Retail Sales

Out of curiosity, I peruse the web to see who is still saying a recession is coming (with an open mind). This tweet suggests retail sales are the indicator de jour:Source: tweet. Pretty convincing, for the past 3 recessions. However, the post-pandemic boom in consumption and retail spending is quite remarkable, so I thought it might be useful […]
Russia To Export Coal To India Via Iran. It’s A 4 Alarm Bells Fire

Russia To Export Coal To India Via Iran. It’s A 4 Alarm Bells Fire

Hello sanction lovers. What are you going to do about this? Russia Plans Coal Exports to India Via IranShippingNews reports Russia plans coal exports to India via Iran Russia has announced plans to export coal to India using Iran’s railways. This announcement was made during the BRICS transport ministers’ meeting at the 27th St. Petersburg International […]
Tether to invest $1 billion in startups until 2025, says Paolo Ardoino

Tether to invest $1 billion in startups until 2025, says Paolo Ardoino

Tether is set to channel over $1 billion into various deals within the coming year, as revealed by CEO Paolo Ardoino in a Bloomberg interview. Through its venture arm called Tether Investments, the company will focus on alternative financial infrastructure, artificial intelligence (AI), and biotech. Notably, Ardoino revealed that Tether Investments’ team is already actively […]
Canadian Home Prices Moving Lower For Math Reasons

Canadian Home Prices Moving Lower For Math Reasons

Image Source: Unsplash It is wildly unpopular to say this, but Canadian home prices need to move much lower. And yes, I, too, stand to lose net worth as they do.Immigration is unlikely to prevent mean reversion here. Immigrants need places to live, to be sure, but historically, it took an average of 7 years before […]
Everything You Need To Know About Raspberry Pi’s (RPI) IPO

Everything You Need To Know About Raspberry Pi’s (RPI) IPO

Image courtesy of 123rf.com Half into 2024, the US stock market saw 81 initial public offerings (IPOs). If the trend continues, it will align with the 154 IPOs in 2023, far from the all-time record-breaking year of 2021 with 1,035 IPOs.In the UK’s London Stock Exchange (LSE), these investing vehicles are rare given the economy’s contraction and stagnation. […]
Gold Is Misunderstood, Alright

Gold Is Misunderstood, Alright

In Wonderland what is, it wouldn’t be.The subject of this post has been made anonymous, as I’ve decided to release it to a wider audience. Said subject anonymized those he was critical of and so, turnabout is fair play.Elliott Wave technical analyst Mr. Anonymous (Mr. A) has an article explaining his view of why gold […]