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U.S. CPI Could Move EUR/USD One Percent Lower

U.S. CPI Could Move EUR/USD One Percent Lower

Image Source: Pixabay The U.S. Consumer Price Index (CPI) print is crucial for FX markets because it serves as a key indicator of inflation, directly influencing interest rate expectations. Generally, when inflation is higher than expected, markets anticipate that the Federal Reserve will raise interest rates to control price stability, leading to a stronger US dollar. […]
Tired Tesla

Tired Tesla

Image Source: Pexels Tesla (TSLA) has enjoyed ten “up” days in a row, which is extraordinarily rare. It has achieved many breakthroughs on the chart, but seriously, I think it has to have some time to digest these gains and backpedal some.This is just too high, too fast. I think there’s about $47 of risk here. […]
U.S. Oil Production Develops Massive Lead Over Russia And Saudi Arabia

U.S. Oil Production Develops Massive Lead Over Russia And Saudi Arabia

Image Source: Unsplash In June, the Energy Institute released the 2024 Statistical Review of World Energy. The Review provides a comprehensive picture of supply and demand for major energy sources on a country-level basis. Each year, I do a series of articles covering the Review’s findings.In two previous articles, I discussed the trends in global carbon dioxide emissions, as well […]
Broadcom Inc Chart Analysis

Broadcom Inc Chart Analysis

Image Source: Unsplash Bob Lang gives a technical analysis of the stock chart for AVGO.Audio Length: 00:04:02More By This Author:Basic Risk Management In Trading Market Blast – Friday, July 5 Pure Storage Inc. Chart Analysis
Carvana Stock Has Tripled In 2024: Needham Analyst Sees Further Upside

Carvana Stock Has Tripled In 2024: Needham Analyst Sees Further Upside

Image Source: Pixabay Carvana Co (NYSE: CVNA) has tripled since the start of 2024 but a Needham analyst is convinced it’s not out of room to run just yet. Chris Pierce upgraded shares of the used car retailer this morning to “buy”. Carvana stock traded at a high of $361 during the pandemic in 2021.  Carvana stock has […]
Time Lags Have Magnified Risk Exposure And Complacency

Time Lags Have Magnified Risk Exposure And Complacency

In the second quarter of 2024, big tech companies drove the S&P 500 up 4.3%, while the Russell 2000 index of economically representative small and midsize stocks fell 3.6%.The five most expensive S&P 500 companies now make up a record 29% of the US market capitalization–the narrowest concentration since 1965 and more extreme than in […]
Albemarle Stock Hits New 52-Week Low Amid Falling Lithium Prices: Time To Sell?

Albemarle Stock Hits New 52-Week Low Amid Falling Lithium Prices: Time To Sell?

Image Source: Unsplash Albemarle Corporation (NYSE: ALB), a prominent player in the lithium market, has been witnessing a significant drop in its stock value recently, hitting new 52-week lows every day. On July 9th, 2024, Albemarle’s stock plummeted by 8.7%, reaching its lowest point since October 2020.This decline was notably the most substantial drop within the […]
S&P 500 Eyes Longest Streak Since October With 7 Straight

S&P 500 Eyes Longest Streak Since October With 7 Straight

Stocks are higher midday, with the Dow Jones Industrial Average (DJI) on track for its first daily win in three. The S&P 500 Index (SPX) and Nasdaq Composite Index (IXIC) extended their record highs once again, both eyeing a seventh consecutive daily win as investors look ahead to tomorrow’s consumer price index (CPI) report.Federal Reserve Chair Jerome […]
The Leading Sectors Of The Labor Market Are Still Generally Trending Positive

The Leading Sectors Of The Labor Market Are Still Generally Trending Positive

Our economic news drought ends tomorrow with the CPI report, and I’ve beaten the issue of unemployment to death, so today let’s turn to the leading sectors from the Establishment Survey portion of the jobs report, where as I’ve been reporting for months, the situation is considerably better.Since I’ve been paying special attention to the […]
Investor Memo Q2 2024: How Long Can This Go On?

Investor Memo Q2 2024: How Long Can This Go On?

Image Source: Pexels The performance of the market was remarkable in the second quarter. Driven by the Magnificent 7 tech stocks, for which the total return was 16.5%, the total return for the S&P 500 was 4.3%. What was remarkable was not the gain per se, the returns were healthy but by no means unprecedented, but […]