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Housing Permits And Starts The Lowest Since 2020

Housing Permits And Starts The Lowest Since 2020

I’ve written repeatedly in the past few months that I am paying especial attention to the manufacturing and construction sectors for signs of weakness now that the supply chain tailwind for the economy has ended. At the beginning of this month, one show appeared to have dropped, as  the ISM report on manufacturing showed contraction […]
We Can Dissolve The National Assembly, But Not The Debt

We Can Dissolve The National Assembly, But Not The Debt

Image source: Pixabay “We can’t dissolve the debt, and that’s a shame,” Emmanuel Macron must have thought. “So let’s dissolve the National Assembly and pass the hot potato on to those in the opposition who are chomping at the bit to come to power.” Economy Minister Bruno Le Maire’s whirring statements were running on empty, no […]
“Deal’s Off”, Canadian Officials Tell China

“Deal’s Off”, Canadian Officials Tell China

China’s recent attempt to secure a rare earth minerals stockpile ended in failure when a competitor stepped in to snag the deal.Vital Metals, a mining firm based in Australia, announced Monday that minerals collected from its Saskatchewan-based Nechalacho Project will remain within Canadian borders.“We were presented with a case of elevated interest for Canada,” Vital’s […]
AI Stock Hype

AI Stock Hype

Image Source: Pexels Alhambra CEO Joe Calhoun is asked if artificial intelligence is more hype than reality in the stock market and does it justify high stock valuations.Video Length: 00:06:36More By This Author:Concentration Risk In Stock Market End Of Petrodollar Weekly Market Pulse: A Concentrated Bet
Stock Market Jenga

Stock Market Jenga

We’ve discussed market divergences at length in recent weeks. From the observation that market performance has become dependent upon size, to the fact that advance-decline statistics no longer confirm major indices recent highs, I have been trying to come up with a metaphor for the narrowing market leadership. It occurred to me this morning: investors are playing Jenga with the […]
Stocks And Precious Metals Charts – Quad Witch Tomorrow

Stocks And Precious Metals Charts – Quad Witch Tomorrow

We had that rare risk off day in the markets.Stocks were weak and retreated a bit from their recent highs, concentrated and overbought.Gold and silver rallied sharply.The Dollar rallied.VIX rose.Tomorrow is a quad witch stock option expiration.I suspect quite a bit of today’s action was a correction of the recent ploy to squeeze the bears.Have a pleasant […]
Market Talk – Thursday, June 20

Market Talk – Thursday, June 20

Image Source: Unsplash ASIA:The major Asian stock markets had mixed day today: NIKKEI 225 increased 62.26 points or 0.16% to 38,633.02 Shanghai decreased 12.61 points or -0.42% to 3,005.44 Hang Seng decreased 95.07 points or -0.52% to 18,335.32 ASX 200 decreased 0.30 points or -0.00% to 7,769.40 Kospi increased 10.30 points or 0.37% to 2,807.63 SENSEX […]
Tech Tanks And The Flight To Safety Is On

Tech Tanks And The Flight To Safety Is On

Image Source: Unsplash The Magnificent Seven oftentimes market leaders were, collectively, down more than 1% by midday. The broader Nasdaq-100, around 55% of which is tech, was off around 0.06% over the same timeframe.That doesn’t sound like much, because it really isn’t, but the selling is important because it’s a sign of the times: The appetite […]
Nasdaq Loses Win Streak Despite Record Peak

Nasdaq Loses Win Streak Despite Record Peak

The S&P 500 and Nasdaq hit fresh all-time highs midday, and Wall Street looked poised to extend its record-breaking run. However, the surge was short-lived, with both indexes faltering into the red by the close, the latter snapping a seven-day win streak. On the flip side, the Dow snagged a third-straight gain, logging its highest close […]
Simple Reason Why Silver Prices Could Surge To $50/Ounce

Simple Reason Why Silver Prices Could Surge To $50/Ounce

Image Source: Pixabay Tormented Market Conditions Could Send Silver Prices Soaring Since the beginning of 2024, silver prices have surged by more than 22%. This is an impressive increase in just a few months. However, it might just be the trailer for what could be ahead for the gray precious metal. It wouldn’t be shocking to […]