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EUR/USD Looks Higher On Monday But Technical Ceiling Remains

EUR/USD Looks Higher On Monday But Technical Ceiling Remains

Image Source: Pixabay EUR/USD briefly tested above 1.0770 on Monday before settling back. A packed economic data docket awaits the Fiber this week. EU HICP inflation, US NFP data looms ahead. EUR/USD clipped into a fresh multi-week high above 1.0770 on Monday before getting forced back down by a broad-market reversal in investor sentiment. Bullish momentum was […]
Robinhood Rises Above The Meme-Stock Frenzy

Robinhood Rises Above The Meme-Stock Frenzy

Image Source: Pixabay Robinhood Markets, Inc. (HOOD), the financial services company known for its user-friendly app and zero-commission trading, has come a long way since its involvement in the meme-stock frenzy a few years ago.Social media was abuzz with the story of Keith Gill buying a stake in Chewy. Even GameStop (GME), the original initiator of the […]
Nasdaq 100 & S&P 500 – Elliott Wave Daily Analysis

Nasdaq 100 & S&P 500 – Elliott Wave Daily Analysis

Image Source: Unsplash I thought it would be safe to expect a return to more “normalized’ trading — I thought! That didn’t happen with the sideways range bound sudden moves (thrusts) higher and lower occurring for most of the sessions. This raises the potential a few notches that – yes again – the highs may be […]
Is Now A Good Time To Invest In The S&P 500?

Is Now A Good Time To Invest In The S&P 500?

Image Source: Pexels What Is The S&P 500? The S&P 500, officially known as the Standard & Poor’s 500 Index, is one of the most widely recognized benchmarks for the U.S. stock market.You can think of a benchmark like a yardstick or a standard measurement that investors use to compare how well their investments are performing.This index […]
Stocks And Precious Metals Charts – Stocks Floundered Around

Stocks And Precious Metals Charts – Stocks Floundered Around

Stocks floundered around today, managing to hold their ground.VIX fell.The Dollar did nothing but hold at a fairly high level.Gold and silver took a little bounce after an early trouncing.Non-Farm Payrolls on Friday.US markets will be closed on the 4th of July.Have a pleasant evening.  More By This Author:Stocks And Precious Metals Charts – So Ends The […]
What Bonds, Bitcoin, And Tesla Can Tell Us About This Market

What Bonds, Bitcoin, And Tesla Can Tell Us About This Market

Image Source: Unsplash Bonds were battered today as economic data, SCOTUS, and other news pushed prices lower and yields higher. While the bond market was anything but quiet, the reaction from interest rate-sensitive securities like REITs and financial and utility stocks was fairly muted.Sounds strange to say it, but I just did…If this all sounds like […]
Monthly GDP Up Two Months In A Row

Monthly GDP Up Two Months In A Row

Monthly GDP up two months in a row. Final sales in May up, but not offsetting completely decline in April. Here’s a picture of key indicators followed by the NBER BCDC, plus monthly GDP from SPGMI (formerly IHS-Markit, and Macroeconomic Advisers before that).Figure 1: Nonfarm Payroll (NFP) employment from CES (bold blue), civilian employment (orange), industrial […]
Is France The Next Greece?

Is France The Next Greece?

French markets have found some relief after the first round of its latest election, with stocks recovering somewhat and bond yields falling after reaching a 12-year high. But no matter which side wins in France, the market is afraid that an increase in unsustainable spending could be the common denominator. Greece’s sovereign debt crisis after the global 2008 implosion was characterized by […]
High Dividend 50: Horizon Bancorp, Inc.

High Dividend 50: Horizon Bancorp, Inc.

High-yield stocks pay out dividends that are significantly more than market average dividends. For example, the S&P 500’s current yield is only ~1.3%, a product of record highs in stock indices so far in 2024.High-yield stocks can be very helpful to shore up income after retirement. A $120,000 investment in stocks with an average dividend […]
Economic And Inflation Information Create Market Jubilation

Economic And Inflation Information Create Market Jubilation

Ever since the Federal Reserve went on a crusade to increase interest rates and slow the progression of inflation at the beginning of 2022, investors have been cheering for a Goldilocks-type of economic “soft landing”. Last month, this narrative remained intact.The S&P 500 index surged +3.5% for the month, the technology-heavy Nasdaq rocketed +6.0% (fueled by […]