June 2024 - Page 201 of 240 -

S&P And Nasdaq Surge As Russell 2000 Remains Range Bound

Jun 05, 2024 Jeremy Parkinson Finance, No picture 0

I’m giving day trading a go and with hindsight, today should have been an “easy” profit day, but the volatility swing on today’s economic data threw me off and I missed the big gains in the S&P and Nasdaq; registering a loss for the day. However, as an investor, today was great news. I would […]

The Bank Of Canada Is First Of The Gate In Lowering Its Policy Rate

Jun 05, 2024 Jeremy Parkinson Finance, No picture 0

Photo by Michelle Spollen on Unsplash The Bank of Canada lowered its overnight rate from 5% to 4.75% today, a move that was widely expected. The Bank no longer feels it is necessary adopt a restrictive monetary policy, as recent inflation data is heading in the right direction in meeting its 2 % target. So, when the rate […]

VanEck forecasts Ethereum to reach up to $154,000 by 2030

Jun 05, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Asset manager VanEck projected the Ethereum (ETH) at $22,000 by 2030, according to a recent report. This represents a 487% increase from current levels, and VanEck bases its forecast on Ethereum’s anticipated generation of $66 billion in “free cashflows.”The report puts a heavy weight into Ethereum’s stablecoin landscape, as the blockchain settled $4 trillion in […]

Start Of A Market Correction Or A Summer Rally?

Jun 05, 2024 Jeremy Parkinson Finance, No picture 0

On June 3rd I recorded a 20-minute video for StockchartsTV.The thesis is to explore whether we are at the beginning of a market correction or gearing up for a summer rally.Interestingly, I start with the Granddaddy of the US Economy and our Economic Modern Family-the Russell 2000 (IWM).Today, not only did IWM hold clutch support, (which […]

What Are The CPI And PCE Numbers To Beat That Support A Fed Rate Cut?

Jun 05, 2024 Jeremy Parkinson Finance 0

CPI data from the BLS, PCE data from the BEA, chart by MishChart Notes The Consumer Price Index Numbers (CPI) are from the BLS. OER stands for Owners’ Equivalent Rent. It is the price someone who owns their own home would pay if instead they rented. PCE stands tor Personal Consumption Expenditures. The PCE price […]

The Bank Of Japan Just Contradicted Itself

Jun 05, 2024 Jeremy Parkinson Finance, No picture 0

Yen. Image Source: Pixabay On one hand, the Bank of Japan says that it wants long-term interest rates to be dictated by market forces. On the other hand, the BoJ has been spending 6 trillion yen per month buying bonds to prop up its currency. In other words, it’s doing everything in the world to control short-term interest rates […]

Investments For The Coming Power Grid Expansion

Jun 05, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash We continue with our discussion of investment ideas that could benefit from upgrading and expanding the power grid to accommodate surging demand from AI data centers and EVs.This third and final part of this series focuses on alternative energy sources, utility companies, and other companies related to the power grid infrastructure.If you haven’t […]

Stocks And Precious Metals Charts – ‘Risk On’ It Was

Jun 05, 2024 Jeremy Parkinson Finance, No picture 0

And so ‘risk on’ it was.Stocks were rising and went out on the highs.Gold and silver rallied.The Dollar rose slightly.VIX fell.Non-Farm Payrolls on Friday.FOMC next week.Have a pleasant evening. More By This Author:Stocks And Precious Metals Charts – Unchanged Stocks And Precious Metals Charts – Uncommitted In Babylon Stocks And Precious Metals Charts – FOMC […]

3 High Dividend Growth Stocks To Build Future Wealth

Jun 05, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pixabay Investing in dividend growth stocks is a slow and steady way to build wealth. Stocks characterized by this investing style will raise the dividend annually but also typically experience a rising share price. This makes for a powerful combination that adds to wealth annually.We highlight three companies with high dividend growth rates over […]

Market Talk – Wednesday, June 5

Jun 05, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash ASIA:The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 347.29 points or -0.89% to 38,490.17 Shanghai decreased 25.80 points or -0.83% to 3,065.40 Hang Seng decreased 19.15 points or -0.10% to 18,424.96 ASX 200 increased 31.90 points or 0.41% to 7,769.00 Kospi increased 27.40 points or 1.03% to 2,689.50 […]