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China Doesn’t Increase Gold Holdings For 2nd Straight Month

China Doesn’t Increase Gold Holdings For 2nd Straight Month

Image Source: Pixabay The People’s Bank of China released their latest gold holdings data on Monday and reported for a 2nd straight month that they did not add to their gold reserves. And this is after a streak of 18 months of consecutive reported purchases.Of course, China is an important participant in the gold market, with […]
Charted: Inflation Across U.S. Fast Food Chains (2014-2024)

Charted: Inflation Across U.S. Fast Food Chains (2014-2024)

Fast food joints were once the go-to option for quick, cost-friendly meals, but now, they’re starting to pinch the budget.Inflation has hit fast food chains hard in the past decade, with many restaurants seeing an average price increase on menu items of more than 50%.This graphic visualizes the average price increase of 10 core menu […]
Dow Up Over 300 Points; S&P 500, Nasdaq Resume Rally

Dow Up Over 300 Points; S&P 500, Nasdaq Resume Rally

The Dow Jones Industrial Average (DJI) is up 313 points midday, just barely below record highs, while the S&P 500 Index (SPX) and Nasdaq Composite Index (IXIC) resume their rally after yesterday’s breather. Investors are unpacking earnings reports from several bank giants today, as well as this morning’s PPI data, which showed wholesale prices rising […]
Yesterday Was Not Bearish For Stocks At All

Yesterday Was Not Bearish For Stocks At All

Is the market about to crash?I ask because everywhere I look, I see analysts and gurus proclaiming that yesterday’s “bearish” action was the start of a major collapse.There’s just one problem with this… MOST of the market rallied yesterday.I’m not making this up… over 400 of the 500 companies in the S&P 500 finished the […]
Centralized exchanges receive over 50% of illicit crypto funds: Chainalysis report

Centralized exchanges receive over 50% of illicit crypto funds: Chainalysis report

Key Takeaways Over 50% of illicit crypto funds end up at centralized exchanges, directly or indirectly. Stablecoins represent a growing portion of illicit funds in intermediary wallets. Over 50% of illicit crypto funds end up at centralized exchanges, either directly or after obfuscation, according to the “Money Laundering and Cryptocurrency” report by Chainalysis. The report […]
Ultra-Short Obligation Funds See Largest Weekly Inflow Since 2021, Attracting $1.5 Billion

Ultra-Short Obligation Funds See Largest Weekly Inflow Since 2021, Attracting $1.5 Billion

Image Source: Unsplash During LSEG Lipper’s fund-flows week that ended July 3, 2024, investors were overall net purchasers of fund assets (including both conventional funds and ETFs) for the ninth week in 11, adding a net $39.9 billion.This past week, money market funds (+$23.3 billion), equity funds (+$10.3 billion), taxable bond funds (+$6.0 billion), commodities funds […]
Softs Report – Friday, July 12

Softs Report – Friday, July 12

COTTON General Comments: Cotton was a little lower yesterday as Hurricane Beryl is part of the past and as traders look ahead to the USDA WASDE reports due on Friday. The demand as reflected in the weekly USDA export sales report was poor. USDA showed a decrease in production conditions for the crops in its […]
Stocks To Watch Today: Wells Fargo, BNY, And Monolithic Power Systems

Stocks To Watch Today: Wells Fargo, BNY, And Monolithic Power Systems

Image courtesy of 123rf.com In today’s trading session so far, Wells Fargo & Company (NYSE: WFC), The Bank of New York Mellon Corporation (NYSE: BK), and Monolithic Power Systems (Nasdaq: MPWR) are making significant moves. The first two stocks are moving in reaction to earnings results reported today, while the third one is increasingly being seen […]
The Energy Report: Time After Time After Time

The Energy Report: Time After Time After Time

If you’re lost, you can look, and you will find me, Time after Time. If you fall, I will catch you, I’ll be waiting, Time after Time. Joe Biden looks lost and could be running out of time as time and spreads on oil may signal another problem for our befuddled president.The time spreads in […]
Elliott Wave Technical Analysis: Soybeans – Friday, July 12

Elliott Wave Technical Analysis: Soybeans – Friday, July 12

Image Source: Unsplash  Soybeans Elliott Wave Technical Analysis Function – Trend  Mode – Impulse  Structure – Impulse for wave (3) Position – Wave 1 of (3) Direction – Wave 1 of (3) is still in play Details – Wave 1 is in the completion stage after which wave 2 bullish correction begins. The confirmation level remains above […]