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Launch date for Ethereum ETF in the US reiterated as July 2nd by Bloomberg ETF analyst

Launch date for Ethereum ETF in the US reiterated as July 2nd by Bloomberg ETF analyst

The initial date for spot Ethereum exchange-traded funds (ETF) trading in the US is still July 2nd, according to Bloomberg ETF analyst Eric Balchunas. In an X post, Balchunas doubled down on this date, highlighting that “a bunch of amended S-1 Forms” for those ETFs might be filed today. “Then ball’s in SEC’s court to […]
What Do The Latest Economic Numbers From China Reveal?

What Do The Latest Economic Numbers From China Reveal?

Image Source: Pexels Home-price declines accelerated in China during May, falling by 4.3% on a year-over-year basis UK headline inflation dipped to 2%, matching the Bank of England’s target U.S. retail spending slowed during May On the latest edition of Market Week in Review, Director and Senior Investment Strategist Alex Cousley discussed recently released economic data […]
Stocks To Watch Today: PANW, FactSet Research, And TXN

Stocks To Watch Today: PANW, FactSet Research, And TXN

Image Source: UnsplashThree notable technology companies saw significant developments that impacted their stock prices in a day of mixed market performance. Analysts gave Palo Alto Networks (PANW) a new price target, FactSet (FDS) reported strong earnings and raised guidance, and Texas Instruments (TXN) announced a strategic collaboration in the electric vehicle sector. Palo Alto Networks Gains […]
Summer Silver Fun Run – Manic Metals Report

Summer Silver Fun Run – Manic Metals Report

Image Source: PixabaySilver melted up on the summer heat hitting the highest level since June the 6th, Copper popped and dropped on reports of record Chinese copper exports. And while they tried to pull back, weak data out of Europe is causing another potential for an upward run.Bloomberg reported that “Bonds surged after business activity across […]
How The American Stock Market Ends…

How The American Stock Market Ends…

Passive Investing has gotten to the point where concentration in the S&P 500’s top stocks has hit a level of pure insanity. When liquidity dries up, these big names will go boom.  Image Source: DepositPhotos  We’ve been discussing the nonstop surge in NVIDIA (NVDA) and other Magnificent Seven stocks.As I noted in my 1993 series, […]
Micro/Small Cap AI Stocks Portfolio Has Tumbled 9.5% So Far This June

Micro/Small Cap AI Stocks Portfolio Has Tumbled 9.5% So Far This June

 Our munKNEE Micro/Small Cap AI Stocks Portfolio of 10 stocks has totally reversed direction in June tumbling 9.5% so far this month after soaring 18.1% in May. The Portfolio is presented below with each constituent’s MTD stock performance, market capitalization and recent news, analysis and commentary where appropriate. Innodata (INOD): UP 2.3% MTD  INOD provides AI-enabled […]
Bitcoin miners unload their reserves at fastest pace in over one year, data shows

Bitcoin miners unload their reserves at fastest pace in over one year, data shows

Bitcoin (BTC) miners have offloaded over 30,000 BTC in June so far, roughly equivalent to $2 billion, according to IntoTheBlock’s “On-chain Insights” newsletter. This is the fastest pace of miners’ sell-off in over one year. The halving is believed to be a significant factor in this trend, as it has led to reduced profit margins […]
OpenAI Co-Founder Unveils “Safe Superintelligence”

OpenAI Co-Founder Unveils “Safe Superintelligence”

 Ilya Sutskever, OpenAI’s co-founder and former chief scientist, is co-founding a new AI company called Safe Superintelligence, Inc. (SSI, Inc.). He announced it yesterday in a tweet. I don’t want to paraphrase it, so here is what he wrote in full: Superintelligence is within reach. Building safe superintelligence (SSI) is the most important technical problem of […]
Existing Home Sales Drop Slightly But Median Price Hits New Record

Existing Home Sales Drop Slightly But Median Price Hits New Record

Image Source: Unsplash Existing-home sales declined 0.7 percent in May. It was the 22nd decline in 28 months. But the median price hit a new record.   Existing-home sales courtesy of the National Association of Realtors (NAR)The NAR reports Existing-Home Sales Edged Lower by 0.7% in May as Median Sales Price Reached Record High of $419,300  Key […]
What Does The Bank Of England’s Delayed Rate Cut Imply For US?

What Does The Bank Of England’s Delayed Rate Cut Imply For US?

If the Bank of England’s decision on Thursday to leave interest rates unchanged is a guide, the outlook for the start date for a US rate cut may be further down the line than generally assumed.There are many differences between the UK and US economy and so sizing up BoE policy decisions with the Federal […]