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Nvidia, Semiconductor Stocks Dip Amid Reports Of New Export Curbs

Nvidia, Semiconductor Stocks Dip Amid Reports Of New Export Curbs

Image courtesy of 123rf.com The semiconductor industry faced a significant downturn on Wednesday as reports emerged of potential new U.S. export restrictions on advanced chip technology to China. Nvidia (Nasdaq: NVDA), the leading AI chip manufacturer, saw its stock plummet 5.83% to $119.00, despite a year-to-date return of 140.45%. The sell-off extended across the sector, with ASML Holding NV […]
FTSE Flatlining As Sticky Inflation Data Weighs On Rate Cut Hopes

FTSE Flatlining As Sticky Inflation Data Weighs On Rate Cut Hopes

Image Source: Pexels London stocks slightly declined on Wednesday, following the release of stronger-than-expected domestic inflation data, which led investors to reduce their expectations for an interest rate cut by the Bank of England in August. The FTSE 100 index was flat to down, marking a potential third consecutive session of decline, while the FTSE 250 […]
Elliott Wave Technical Analysis: Copper – Wednesday, July 17

Elliott Wave Technical Analysis: Copper – Wednesday, July 17

Image Source: Pexels  Copper Elliott Wave Analysis Function – Counter-Trend Mode – Impulse wave a of (IV) Structure – Impulse wave Position -Wave (B) of b Direction – Wave (C) of b Details – The count now favors at least an (A)-(B)-(C) bullish correction with wave (A) appears to have been completed. The current wave (B) dip is […]
Chart Of The Day: KKR – Private Equity And Real Estate Leader

Chart Of The Day: KKR – Private Equity And Real Estate Leader

Image Source: Pixabay  The Chart of the Day belongs to the private equity and real estate investment company KKR & Company (KKR). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and having a Trend Seeker buy signal then used the Flipchart […]
US Industrial Production, Manufacturing Jumps In June

US Industrial Production, Manufacturing Jumps In June

US industrial production rose a better than expected 0.6% MoM in June (double the 0.3% jump expected but slower than the 0.9% surge in May). This pulled industrial production up 1.6% YoY – the best since Oct 2022…Source: BloombergManufacturing production also surge in June (jumping 0.4% MoM vs +0.1% exp) and May was revised up from 0.9% […]
What The US Election Could Mean For Deficits, Debt And The Yield Curve

What The US Election Could Mean For Deficits, Debt And The Yield Curve

Image Source: Pixabay  Government borrowing and the national debt are barely getting a mention in the US election campaign, yet a failure to change trajectory risks further debt downgrades, more market volatility, and higher borrowing costs. This will pose economic headwinds, making it all the more challenging for the victor to achieve their manifesto goals.   Fiscal sustainability is being questionedThis year’s election […]
Words For Wednesday: Politics And Economics

Words For Wednesday: Politics And Economics

This week we’ve had the Republican Convention whose outcome was the Trump-Vance ticket. Leading up to the convention there was the assassination attempt on candidate Trump’s life. The market is lapping it all up and working hard to prove the maxim that July is the market’s best month. depositphotos Yesterday’s rally ended in an upwards boost. The S&P 500 […]
US GDP Nowcast Reflects Slow Growth For Upcoming Q2 Report

US GDP Nowcast Reflects Slow Growth For Upcoming Q2 Report

US economic activity is on track to remain slow in this month’s second-quarter GDP report. The expansion is expected to continue via the government’s data, but today’s revised nowcast for Q2 suggests that output will remain more or less comparable to Q1’s modest increase, based on the median estimate for a set of projections compiled […]
Housing Permits And Starts Stabilize, But Construction Comes Close To Generating Yellow Recession Caution Signal

Housing Permits And Starts Stabilize, But Construction Comes Close To Generating Yellow Recession Caution Signal

There was good news and bad news in this morning’s report on housing permits, starts, and construction. The good news is that both permits and starts stabilized after last month’s initially reported multi-year lows. The bad news is that single family permits declined further, and even worse the metric best showing the actual economic impact […]
Russell 2000 Hits The Highest Since 2022, More Gains Ahead?

Russell 2000 Hits The Highest Since 2022, More Gains Ahead?

Russell 2000 outshines Nasdaq Fed rate cut expected by September Small-cap stocks drive Russell 2000 gains Nasdaq 100 flat as investors shift focus “Trump trade” speculation aids small-caps The Russel 2000 Index has outperformed its tech-focused rival, the Nasdaq 100 Index, by nearly 12% over the past 4 trading sessions, as the market has become more convinced that the Fed may finally […]