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Can This Huge Stock Divergence Last Much Longer?

Can This Huge Stock Divergence Last Much Longer?

Image Source: Pexels The first half of 2024 is over, and wouldn’t you know it, we are looking at massive stock divergence. What does that mean exactly? Let’s look at the tape and see the results.The SPX 500 is sporting a strong gain for the first half of the year – up 14%. The Nasdaq performed […]
Bitcoin to hit $100K by US election day, Standard Chartered predicts

Bitcoin to hit $100K by US election day, Standard Chartered predicts

Key Takeaways Bitcoin could hit a new all-time high in August, according to Standard Chartered. Potential $100,000 bitcoin price tied to the US presidential election outcome. Standard Chartered Bank’s head of forex and digital assets research, Geoffrey Kendrick, predicts Bitcoin could reach a new all-time high in August and hit $100,000 by the US presidential […]
Polarization Or Harmony

Polarization Or Harmony

Image Source: Unsplash In the ever-evolving landscape of the stock market, one startling trend has emerged: an extraordinary concentration of investor wealth in just a handful of stocks. Astonishingly, the top five giants of the S&P 500 now account for a staggering 27% of the entire index. This unprecedented concentration underscores a deeper narrative of market […]
What Is The Difference Between The ETF Replication Methodologies

What Is The Difference Between The ETF Replication Methodologies

Image Source: Pexels Generally speaking, there are two ways how an ETF can replicate its underlying index. The first is the so-called physical replication, where the ETF holds the actual securities in its portfolio. The second is the so-called synthetic replication where the ETF normally holds a total return swap and a set of in-kind securities […]
Status Of U.S. Dollar As Global Reserve Currency

Status Of U.S. Dollar As Global Reserve Currency

Image Source: Pixabay Guest post from Wolf Richter at WolfStreet.comThe US dollar is still by far the most dominant global reserve currency, among many reserve currencies held by central banks, but its share has been eroding for years, as central banks have been diversifying to other reserve currencies, and also to gold. But the process is […]
Elliott Wave Technical Analysis: Copper – Tuesday, July 2

Elliott Wave Technical Analysis: Copper – Tuesday, July 2

Image Source: Pexels  Copper Elliott Wave Analysis Function – Counter-Trend Mode – Impulse wave a of (IV) Structure – IMpulse wave Position -Wave (3) of 5 (circled) Direction – Wave (4) Details – The decline from 20th May is better suited for an impulse structure. Thus, the price is expected to drop lower to complete the cycle degree […]
Job Openings Unexpectedly Surge, Driven Entirely By Government Jobs

Job Openings Unexpectedly Surge, Driven Entirely By Government Jobs

After two months of sharp declines in the number of job openings, moments ago Biden’s highly politicized Department of Labor reported that in May, the number of job openings unexpectedly spiked by a whopping 221K, to 8.140 million – far above the 7.950 million estimate – from a downward revised April print of 7.919 million, […]
Robinhood eyes crypto futures in US and Europe

Robinhood eyes crypto futures in US and Europe

Key Takeaways Robinhood considers offering crypto futures in US and Europe after Bitstamp acquisition. Global crypto derivatives market volume reached $3.69 trillion in May, surpassing spot trading. Robinhood ]is exploring the possibility of offering crypto futures in the US and Europe in the coming months, as reported by Bloomberg citing sources familiar with the matter.Following […]
Visualized: Mid-Year Interest Rate Cut Forecasts For 2024

Visualized: Mid-Year Interest Rate Cut Forecasts For 2024

Today, many institutions are trimming back their rate cut expectations given strong labor market data and slow progress on inflation.At the beginning of 2024, several banks forecasted five or more interest rate cuts over the year, while the median projection for Federal Reserve policymakers was three quarter-point cuts by fiscal year-end in March. Now, it […]
Tesla Surprises With Strong Q2 Deliveries, Stock Soars

Tesla Surprises With Strong Q2 Deliveries, Stock Soars

Tesla Inc. (TSLA) delivered a positive surprise to investors on Tuesday, reporting second-quarter vehicle deliveries that exceeded Wall Street expectations. The electric vehicle maker’s stock surged in response, reversing recent downward trends. Tesla Q2 Vehicle Deliveries Beat ExpectationsTesla announced deliveries of 443,956 vehicles in the second quarter of 2024, surpassing the consensus estimate of 438,000. This marks the company’s […]