July 2024 - Page 240 of 267 -

Stocks Rally On Labor Deceleration

Jul 03, 2024 Jeremy Parkinson Finance 0

Investors are heading into the Independence Day holiday in stride despite this morning’s weaker-than-expected economic data. News from ADP and ISM depicting decelerating hiring amidst a contracting services sector is sending yields to the basement while stocks gain modestly. Additional fuel was supplied from the Labor Department, which reported the loftiest level of continuing unemployment […]

S&P 500, Nasdaq Log Record Closes After Impressive Recovery

Jul 03, 2024 Jeremy Parkinson Finance 0

Stocks kicked off the 4th of July holiday with plenty to celebrate. While the Dow finished marginally in the red, the S&P 500 and Nasdaq both logged their third straight win and scored record closes. Amid a low volume session, June’s latest jobs data indicated a softening labor market, which has renewed investors’ rate cut hopes. Wall Street […]

Solana-based meme coins surge 8x over Ethereum counterparts in 2024

Jul 03, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Solana meme coins averaged 8,469% returns YTD, vastly outperforming Ethereum’s 962%. Political meme tokens emerged as a $784M subcategory within the $57.7B meme coin market. Solana-based meme coins have significantly outperformed their Ethereum-based counterparts, yielding an average return of 8,469% compared to 962% for Ethereum meme coins year-to-date. According to the “CMC 2024 […]

DOGE Price Breakout: Analyst Predicts 404% Surge

Jul 03, 2024 Jeremy Parkinson Finance 0

↵Photo by Executium on Unsplash A recent analysis by popular crypto analyst Javon Marks suggests that Dogecoin (DOGE) might be about to see a significant price breakthrough. Marks speculates that this major shift for the top meme coin would happen earlier than most people would have guessed.With Dogecoin perhaps hitting its current breakthrough objective of $0.6533, he projects a price skyrocket of more […]

Pure Storage Inc. Chart Analysis

Jul 03, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Bob Lang gives a technical analysis of the stock chart for PSTG.Audio Length: 00:02:26More By This Author:Can This Huge Stock Divergence Last Much Longer? Market Blast – July 1, 2024 Goldman Sachs Group Inc: Chart Analysis

A Yellow Caution Flag For The Economy

Jul 03, 2024 Jeremy Parkinson Finance 0

I’ll spare you the introductory graphs this month, but let me reiterate my opening comments from last month:I never used to pay much attention to the ISM non-manufacturing report. That is partly because it only has a 20-year history, and partly because it seems to be more coincident than leading, but because manufacturing has faded […]

Another Bear Bites The Dust

Jul 03, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels Coming into 2024 there were at least four big bears among Wall Street strategists, Mike Wilson, Julian Emmanuel, Tony Dwyer, and Marko Kolanovic. All four had been very negative since at least August 2022 with Wilson being bearish since April 2021. All four strategists had forecast a down year for the stock market […]

The Services ISM Plunges Into A Recession Forecasting Contraction

Jul 03, 2024 Jeremy Parkinson Finance 0

ISM chart and excerpts below by permission from the Institute for Supply Management® ISM®Please consider the Please consider the June 2024 Services ISM® Report On Business® emphasis mine. The report was issued today by Steve Miller, CPSM, CSCP, Chair of the Institute for Supply Management® (ISM®) Services Business Survey Committee: “In June, the Services PMI® registered 48.8 percent, 5 […]

MicroStrategy Is Hedge Funds’ Favorite Meme Stock

Jul 03, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash MicroStrategy’s (MSTR) co-founder Michael Saylor once ran a humdrum little software firm. Then, for a moment, his company was worth many billions of dollars – or, rather, for three moments. After a dizzying rise and fall in the dot-com bubble and another after the pandemic, his company’s shares have now more than doubled […]

Star Spangled Silver Breakout. Manic Metals Report

Jul 03, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay The silver market knows how to celebrate independence by breakout for the resistance that bound it. Silver seems to have ended its correction and traded at the highest level since the first day of summer June 21st, as the dollar rally is looking vulnerable and reports of strong physical demand. As Myra Picache at […]