July 2024 - Page 122 of 267 -

State Street eyes creation of its own stablecoin and deposit token: Report

Jul 17, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways State Street is considering creating its own stablecoin and deposit token for blockchain-based payments. Nearly half of institutions surveyed by State Street are ready to trade digital assets on blockchains. State Street Corp. is exploring blockchain-based payment settlement options, including the creation of its own stablecoin and deposit token, as reported by Bloomberg. […]

Beware The “Relative Value” Trap

Jul 17, 2024 Jeremy Parkinson Finance 0

Over the past 32 months, economically sensitive small and medium-cap stock indices have underperformed the largest-cap tech-heavy indices (price x shares outstanding) to a degree not seen since the last tech bubble in 1998 through March of 2000.Indeed, global fund flows (shown below since July 2023, courtesy of The Daily Shot) have concentrated in the […]

China’s Real Problem Is Nominal

Jul 17, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash There have been numerous news reports suggesting that China’s economy is in the doldrums. Strong exports have allowed China to maintain a solid overall growth rate, but that growth engine may not be sustainable, especially given the likelihood of increasingly protectionist headwinds. Domestic sectors such as housing and retail sales have been fairly […]

Did President Trump Reduce Gas Prices?

Jul 17, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash No energy topic elicits as much interest as gas prices. The three most popular articles I have ever written — one with more than a million views — were about gas prices.Most search phrases driving readers to my articles contain “gas prices.” What readers seem to be most interested in knowing is whether […]

Industrial And Manufacturing Production Close To 10 Year+ Highs In June

Jul 17, 2024 Jeremy Parkinson Finance 0

If the news in housing construction this morning was cautionary, the news on manufacturing and industrial production was very good.Manufacturing production (red in the graph below) rose 0.4% in June, and is only 0.2% below its post-pandemic high in October 2022. It is also only 1.2% below its highest level since the Great Recession, which […]

Dow Extends Record Highs; Nasdaq Plummets

Jul 17, 2024 Jeremy Parkinson Finance 0

The Dow Jones Industrial Average (DJIA) is up triple digits today, extending last session’s record highs and massive 742-point pop as it heads for a sixth-straight daily win — its best streak since early May. The S&P 500 Index (SPX) and Nasdaq Composite Index (IXIC), on the other hand, are firmly lower, the latter down […]

Bye Bye Semiconductors, Hello Small Caps – Generational Move

Jul 17, 2024 Jeremy Parkinson Finance 0

Last Thursday, I wrote a blog downgrading my 1-3 month view of the stock market. That very day we saw a 6 sigma event or one in a million to billion-year event that last occurred on October 10, 2008. My top concern had been eliminated which was the narrowness and diminishing participation in the rally. […]

Russia Real GDP And GDP Ex-Military Spending

Jul 17, 2024 Jeremy Parkinson Finance 0

Using the April 2024 WEO projections (the July update indicates no revision for 2024 growth and -0.3 ppts for 2025 y/y), we can see the following trajectory for Russian output, and Russia output ex-military spending.Figure 1: Russia GDP (blue), and GDP ex-military spending (red), all in billions of 2021 roubles. Light green indicates projections. Source: for […]

Golden Record Breaker. Manic Metals Report

Jul 17, 2024 Jeremy Parkinson Finance 0

Image Source: Pexels The gold rush is back on as physical buying for gold and expectations recession of more global central bank buying is driving metals. Some are also pointing to the assignation attempt on President Donald Trump as another factor driving gold. In times of global unrest and the possibility of political instability in the […]

21Shares sets Ethereum spot ETF fee at 0.21%, new filing reveals

Jul 17, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways 21Shares will charge investors a 0.21% management fee for its spot Ethereum fund. The SEC’s deadline for final S-1 forms may trigger a fee war among Ethereum ETF issuers, similar to what happened with spot Bitcoin ETFs. 21Shares has filed an updated S-1 form with the Securities and Exchange Commission (SEC) for its […]