July 2024 - Page 169 of 267 -

Russell 2000 Surges As S&P And Nasdaq Head South

Jul 11, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashIf ever there was a case for two stories, then today was it. The Russell 2000 (IWM) gapped higher with a gain of over 3% as both the S&P and Nasdaq took a hit, the latter nearly shedding 2%.In the long run, this may be more bullish for the broader market, even if profit-taking […]

USD/JPY Plunges On Another Possible ‘Yentervention’ Alongside Cooling US CPI Inflation

Jul 11, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay USD/JPY plummeted 2.6% top-to-bottom after US CPI inflation eased in June. Strong signs of direct market invention in Yen markets, but no confirmation. Market anticipation for a September Fed rate cut is pinned to the ceiling. USD/JPY plummeted on Thursday, declining 2.6% in a sharp reaction to cooling US Consumer Price Index (CPI) inflation […]

Silver Price Analysis: XAG/USD Skyrockets Over 2% Amid ‘Double Bottom’ Confirmation

Jul 11, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Silver breaks $30.73 neckline, surges past $31.00 to trade at $31.40. Bullish momentum affirmed by RSI, with resistance at $31.75, $32.00, and $32.51 (YTD high). Key support levels: $31.00, $30.73 (June 21 high), and $29.82/79 (50-DMA) for potential pullbacks. Silver price confirmed a ‘double bottom’ chart pattern, sponsored by weaker than expected US inflation […]

Nasdaq Pukes To Worst Day Versus Small Caps In 22 Years, Gold Soars Near Record High After Soft CPI

Jul 11, 2024 Jeremy Parkinson Finance 0

Image Source: PixabayMisses across the board today in CPI left US macro surprise data languishing in ‘not so soft landing’ territory…Source: Bloomberg…as inflation and growth factors are now tumbling in a ‘recession-y’ kinda way…Source: Bloomberg…all of which prompted a surge in rate-cut hopes, with 2024 expectations at their highest since April (61bps) as 2025 is now pricing in four full […]

The Global Economy Rests On 7 Stocks

Jul 11, 2024 Jeremy Parkinson Finance 0

The June CPI came in soft Thursday morning raising expectations of a Fed rate cut in September to about 85%. In an interesting reaction to the report, investors are selling the leading stocks in the Nasdaq-100 (QQQ) and rotating into smaller stocks represented by the Russell 2000 (IWM) and S&P Equal Weight (RSP) on the […]

Fair Isaac Corp.’s Stability And Recognition Produce An Exaggerated Price Premium

Jul 11, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels Introduction Fair Isaac Corporation (FICO) is a company ingrained in the financial services world. The company’s FICO score has been used around the world for decades to make better financial decisions. The business not only provides these credit scores but also services to help analyze the data and scores. Most major financial institutions use a product offered by Fair Isaac Corp. […]

Market Shock Incoming? Powell’s Fed Rate Impact

Jul 11, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Explore the latest market trends and predictions with expert financial insights from Jay Woods, Chief Global Strategist at Freedom Capital Markets.Join James Connor as he discusses the current markets with Jay Woods. In this episode, Jay shares invaluable insights on the stock market’s future, the evolving role of the New York Stock Exchange, […]

Stocks And Precious Metals Charts – Steep Declines

Jul 11, 2024 Jeremy Parkinson Finance 0

We had steep declines in the major stock indices today, taking back a small chunk of their recent outsized gains.The Dollar gave up a similar piece of its recent gains from a fairly lofty valuation.Gold and silver rallied sharply, breaking out of their recent price range.But what was most remarkable about this day was the […]

Bloodbath In Tech Stocks – Is This The End?

Jul 11, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels Tech is selling off big time today. Here is how we keep things in perspective.Video Length: 00:06:38More By This Author:Gold, Silver, And Stocks Hitting All-Time Highs: What’s Next? How To Trade Stock Splits & Call Diagonal SpreadsLast Rally Then Brace For Correction

Rates Spark: Dip In U.S. Inflation Keeps Rates Looking Down

Jul 11, 2024 Jeremy Parkinson Finance, No picture 0

US CPI has settled down to rate-cut territory. First May, now June. Ahead of July, and if that’s in the same vein, Treasuries can continue to anticipate cuts from the Fed. The ECB will unlikely commit to a September cut next week, but will also not push back against market pricing of a +80% probability.Image […]