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Three Bad Narratives That Are Dead (But Will Persist)

Three Bad Narratives That Are Dead (But Will Persist)

Image source: Pixabay The combination of the Great Financial Crisis period and the Covid era created some of the most interesting economic experiments in history. They also resulted in some of the worst narratives in finance and economics. Here are three bad narratives that are dead, but won’t yet be laid to rest because economic narratives […]
AgMaster Report – Tuesday, July 16

AgMaster Report – Tuesday, July 16

SEPT CORN The 7-12-24 USDA Report issued last Friday was friendly – basically leaving production at 15.1 & yield at 181.00 – both as expected but lowering both US & World carry-out for 23-24 & 24-25! That resulted in an up day Friday – however, benign pollination weather over the W/E & the Trump assassination […]
The Dow, The Russell, And The Biotech Sector Are Storming Higher

The Dow, The Russell, And The Biotech Sector Are Storming Higher

Image Source: Unsplash It’s a bull market, alright… and our playbook has helped us to take full advantage.XBI, an ETF that tracks biotech, is up 8% in five sessions. The gold ETF, GLD, is up 3.5% in the same timeframe, while Bitcoin is up more than 13% in five days.The Dow Jones Industrials have come up […]
Market Talk – Tuesday, July 16

Market Talk – Tuesday, July 16

Image Source: Unsplash ASIA:The major Asian stock markets had a mixed day today: NIKKEI 225 increased 84.40 points or 0.20% to 41,275.08 Shanghai increased 2.29 points or 0.08% to 2,976.30 Hang Seng decreased 287.96 points or -1.60% to 17,727.98 ASX 200 decreased 18.30 points or -0.23% to 7,999.30 KOSPI increased 5.17 points or 0.18% to 2,866.09 […]
Stocks And Precious Metals Charts – The Metals Rally

Stocks And Precious Metals Charts – The Metals Rally

Gold and silver rallied briskly today, going out near the highs.The Dollar just chopped around.VIX is still wallowing.Tech was lower, and the SP 500 and the broader market managed to post gains.Option expiration on Friday.Have a pleasant evening. More By This Author:Stocks And Precious Metals Charts – Economic Weakness Stocks And Precious Metals Charts – […]
Better Than Expected Retail Sales Boosts GDPNow Nowcast

Better Than Expected Retail Sales Boosts GDPNow Nowcast

DGPNow data from the Atlanta Fed, chart by MishGDPNow Chart Notes The base forecast, and the one most observers watch but shouldn’t, is the blue line above. Real final sales is the bottom line estimate of the economy. The difference between the two lines is Change In Private Inventories (CIPI) which nets to zero over […]
Granddad Russell 2000 Hurdles The July Calendar Range

Granddad Russell 2000 Hurdles The July Calendar Range

Very Simply, small caps are on fire!Note the small green horizontal line.That is the new July 6-month calendar range high.IWM handled it like a champ!Plus, look at the leadership chart.IWM outperforms the benchmark.Finally, look at the momentum chart or Real Motion.Momentum is flying alongside price.What does this all mean? -Back in January 2022, IWM traded […]
Gold, Silver Rally As Traders Price ‘98% Probability’ Of Sept Rate Cut

Gold, Silver Rally As Traders Price ‘98% Probability’ Of Sept Rate Cut

Image Source: Pixabay In a year that began with expectations of rate cuts that haven’t yet come, it’s increasingly appearing that the wait may be coming to an end.Because as of Tuesday morning, the futures market is now pricing in a 98% probability of a rate cut by the September meeting.Video Length: 00:45:30More By This Author:Market […]
Dow Logs Best Day Since June 2023; S&P 500 Nabs Record

Dow Logs Best Day Since June 2023; S&P 500 Nabs Record

Interest rate hopes continued to inject optimism into the market, with traders now 93.3% certain a cut will come in September, according to the CME FedWatch tool. A swarm of bank and blue-chip earnings also helped the Dow to a fresh record high, fifth-straight daily win, and best day since June 2023. The S&P 500 and Nasdaq eked out […]
Intuitive Surgical: ISRG Stock Is Expensive And Extremely Risky

Intuitive Surgical: ISRG Stock Is Expensive And Extremely Risky

Image Source: Pexels The Intuitive Surgical (Nasdaq: ISRG) stock price is hovering near its all-time highest point on record as investors focus on its upcoming quarterly earnings. It has soared by 30% this year and by over 735% in the past decade, making it one of the most successful medical device companies in Wall Street. Quality […]