Archives by Month:

Archives by Year:

Stocks Fall; Dow On Track To Snap Win Streak

Stocks Fall; Dow On Track To Snap Win Streak

Stocks are firmly lower midday, with the Nasdaq Composite Index (IXIC) down 150 points as investors continue to rotate away from tech. Should these losses hold, the Dow Jones Industrial Average (DJI) will snap a six-day win streak. The leading index for the U.S. economy fell 0.2% in June for a fourth-straight monthly loss — though […]
Sentiment And Reality Continue To Diverge

Sentiment And Reality Continue To Diverge

Image Source: Pexels “Davidson” submits:The Industrial Production Index (IP) pushes higher to 103.99. The peak was Sept 2018 at 104.11 with a PMI 58.8. Contrast the current rise in the IP with today’s PMI of 48.5 and this makes it very apparent how little credence market participants are giving to economic fundamentals.Industrials remain a strong suggestion […]
Warm Summer Housing Call Meets Rotation

Warm Summer Housing Call Meets Rotation

Image Source: Unsplash In this short clip, Samantha LaDuc discusses the potential uptick in home building-related stocks and mortgage lending companies, as falling yields and short covering could enhance their market performance. She highlights specific companies like Redfin, Open Door, and Lending Club, suggesting a bullish outlook.Video Length: 00:04:39More By This Author:Timing Deflation And QQQ Top […]
USDC gains ground in DeFi as competition with USDT intensifies: Keyrock report

USDC gains ground in DeFi as competition with USDT intensifies: Keyrock report

Key Takeaways USDT dominates centralized exchanges while USDC leads in diverse DeFi applications. USDC has a more balanced distribution across DeFi protocols compared to USDT. Tether USD (USDT) and USD Coin (USDC) are leading the stablecoin market, each carving out distinct niches in the crypto ecosystem, according to a recent Keyrock report. USDT maintains its […]
FTSE Posts Best Returns In Two Months

FTSE Posts Best Returns In Two Months

Image Source: Pexels London stocks saw an increase on Thursday as a variety of corporate earnings reports were released. Despite a slowdown in British wage growth, the levels remained high enough to potentially impact the Bank of England’s inflation target. The FTSE 100 index rose by 0.47%, marking its best performance in two months, while the […]
The Residual Effect On Rent Inflation Of The Eviction Moratorium

The Residual Effect On Rent Inflation Of The Eviction Moratorium

Today’s column will be a brief one because it’s summertime and the people on the beach generally don’t read my column. I saw a headline today for an article on Realtor.com. “June 2024 Rental Report: Median Asking Rents Continue to Fall.” Here is the first chart, under the title ‘Rents Decline Again,’ which unironically shows […]
“Human error” cited in LI.FI’s $11.6 million exploit

“Human error” cited in LI.FI’s $11.6 million exploit

Key Takeaways LiFi experienced a $11.6 million hack due to a vulnerability in a newly deployed smart contract facet. The company plans to compensate affected users and is working with authorities to recover stolen funds. Interoperability protocol LI.FI revealed that its recent exploit was caused by an infinite token approval attack vector. On July 16, […]
ECB’s Lagarde: We’re Ditching Forward Guidance

ECB’s Lagarde: We’re Ditching Forward Guidance

Image Source: Pixabay  The press conference following the ECB’s announcement to keep its policy interest rates unchanged confirms that, at least for now, the ECB has given up on forward guidance. And rightly so…  A meeting-by-meeting approachIt comes as no surprise that the European Central Bank kept its policy interest rates unchanged. There simply haven’t been […]
Russell 2000 Earnings Dashboard 24Q2 – Thursday, July 18

Russell 2000 Earnings Dashboard 24Q2 – Thursday, July 18

Image Source: Unsplash  Russell 2000 Aggregate Estimates and Revisions The 24Q2 Y/Y blended earnings growth estimate is 17.5%. If the energy sector is excluded, the growth rate for the index is 28.5%. Of the 57 companies in the Russell 2000 that have reported earnings to date for 24Q2, 73.7% reported above analyst expectations. The 24Q2 Y/Y blended revenue growth estimate is 0.4%. If the energy sector is excluded, the growth rate for […]
Sensex Today Rallies 627 Points; Nifty Tops 24,700 Mark

Sensex Today Rallies 627 Points; Nifty Tops 24,700 Mark

After opening the day on a negative note, Indian share markets reversed the trend as the session progressed and ended on a firm footing.Indian stock markets firmed up in the second half of the trading session on the back of fresh buying in IT, FMCG, banks, and telecom stocks.At the closing bell, the BSE Sensex stood higher […]