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Is A Meltdown In Tech Stocks Nearing As Doubts Of A.I.’s Impact Mount?

Is A Meltdown In Tech Stocks Nearing As Doubts Of A.I.’s Impact Mount?

Image Source: Pexels So far this year, the top 10 stocks in the S&P 500 have accounted for more than 76% of the index’s gain.This is the 2nd most concentrated reading for the S&P in the past 20 years. The highest percentage was 79%, achieved in 2007, right before the Global Financial Crisis.Are we in a new […]
Charted: Four Decades Of U.S. Tech IPOs

Charted: Four Decades Of U.S. Tech IPOs

Big technology companies have been enjoying a wave of stock market success, driving much of the growth in the S&P 500 index since the pandemic. Five of the companies currently dubbed the “Magnificent Seven” are behemoths in the tech space, with market capitalizations rivaling the size of entire countries’ GDPs.We visualize the number of tech IPOs on American […]
New Data Is Screaming A Full Blown Recession Is Confirmed

New Data Is Screaming A Full Blown Recession Is Confirmed

Image source: Pixabay The data continues to pour in showing U.S. consumers have indeed hit the wall. Spending is down according to a variety of sources, including the latest update on retail sales for May. There is also a growing body of evidence indicating there is more weakness to come starting with summer vacations. All this […]
Bitcoin’s Price Stability: Is $70,000 Or $60,000 Next?

Bitcoin’s Price Stability: Is $70,000 Or $60,000 Next?

Image Source: Unsplash Despite Bitcoin’s persistent efforts to stabilize its price above the $64,000 threshold, the leading cryptocurrency has recently experienced a decline. Its price fell by approximately 0.6% in the past 24 hours, settling at $65,619.This ongoing downward trend, which has seen Bitcoin lose nearly 5% over the past two weeks, is causing concern among […]
Data Still Murkey

Data Still Murkey

Image Source: Pexels “Davidson” submits:Industrial Production reported a positive surprise. However, several analysts have announced the beginning of the ‘next recession’ in a 2yr series of such announcements based on the PMI and other factors such as the dramatic inversion in the Yield Curve. Nonetheless, Real Retail Sales and Industrial Production do not concur. Real Retail […]
Bitcoin’s June downtrend faces potential reversal

Bitcoin’s June downtrend faces potential reversal

Bitcoin (BTC) has suffered pressure from a downtrend in June so far, according to the trader identified as Rekt Capital. A breakout from this trend, however, could spark a price reversal and put BTC back in its upward movement. #BTC Bitcoin has been in a constant downtrend all of June thus far (light blue) But […]
Trade Wars Are Easy To Win, And Income Tax Is Easy To Eliminate

Trade Wars Are Easy To Win, And Income Tax Is Easy To Eliminate

There’s no gain in saying that a substantial share of politicians and the public believe international trade is harmful to the US economy, and accordingly, also believe that enacting high tariffs or other barriers to trade will benefit the US economy. The argument has been ongoing for centuries, and I have no illusions of resolving […]
June CBO Economic Outlook: Positive Output Gap Through 2025

June CBO Economic Outlook: Positive Output Gap Through 2025

The CBO released an updated Economic Outlook yesterday. Projected PCE inflation is higher, as are budget deficits. First drop in Fed funds rate in 2025Q1. For me, the most interesting are the GDP projections, including with respect to potential GDP.Here’s the GDP projection as of June, and as of February.Figure 1: GDP as reported (bold black), February CBO […]
Central Banks Expect Gold Holdings To Increase Survey Shows

Central Banks Expect Gold Holdings To Increase Survey Shows

Image Source: Pixabay Most gold and silver investors are well aware by now that the central banks have set records for the amount of gold they’ve purchased in the last 2 years.But especially with China not reporting any additional holdings in their most recent monthly report, will the surge in gold buying by central banks continue?The […]
SunPower Has Been Painful In 2024 But Microsoft And Amazon Can Help SPWR

SunPower Has Been Painful In 2024 But Microsoft And Amazon Can Help SPWR

  ↵Image Source: Unsplash SunPower Corporation (Nasdaq: SPWR) has been nothing but disappointment for investors over the past twelve months. Still, there’s reason to believe that its future may be markedly different from the past year.  How may Amazon and Microsoft help SunPower? Renewables do not currently make up a significant portion of power generation in the United […]