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Pandemic Era Wealth Mirage Has Evaporated For Most

Pandemic Era Wealth Mirage Has Evaporated For Most

Stocks cheered yesterday on news that US households further eroded their savings in July, increasing retail sales by 1% while the average weekly earnings contracted by .1%. Year over year, retail sales volumes are running -.3% and full-time employment -.4%.Costco and Walmart are the best-performing retail companies. Everyday discounters are some of the few that […]
Housing Disaster: Single-Family Starts Crash 14.1 Percent In July

Housing Disaster: Single-Family Starts Crash 14.1 Percent In July

The New Residential Construction stats for July were a disaster.Building Permits Privately-owned housing units authorized by building permits in July were at a seasonally adjusted annual rate of 1,396,000. This is 4.0 percent below the revised June rate of 1,454,000 and is 7.0 percent below the July 2023 rate of 1,501,000. Single-family authorizations in July were at […]
Gold Miners’ Q2’24 Fundamentals

Gold Miners’ Q2’24 Fundamentals

Image Source: Unsplash The major gold miners just reported their best quarterly results ever! Record gold prices combined with lower mining costs catapulted unit earnings to dazzling new records. Yet despite exploding profitability, gold stocks continue to lag gold’s mighty upleg. This anomaly won’t last, as investors increasingly realize how seriously undervalued this sector remains. The […]
Price Caps Vs. Free Enterprise – You Make The Call. The Corn & Ethanol Report

Price Caps Vs. Free Enterprise – You Make The Call. The Corn & Ethanol Report

Image Source: Unsplash We kicked off the day with Housing Starts, Housing Starts MoM, Building Permits Prel, and Building Permits MoM Prel at 7:30 A.M., Michigan Consumer Sentiment Prel, Michigan 5-Year Inflation Expectations Prel, Michigan Consumer Expectations Prel, Michigan Current Conditions, Prelm and Michigan Inflation Expectations Prel at 9:00 A.M., Baker Hughes Oil & Total Rig […]
U.S. Retail Earnings Update – Friday, Aug. 16

U.S. Retail Earnings Update – Friday, Aug. 16

Image Source: Mike Mozart, Flickr To date, 149 of the 199 companies in our Retail/Restaurant Index have reported their EPS results for Q2 2024, representing 75% of the index. Of those companies that have reported their quarterly results, 71% announced profits that beat analysts’ expectations, while 4% delivered on-target results and 25% reported earnings that fell […]
AMD Nears Technical ‘Death Cross’ 
                    

Wedbush Securities disagrees with AI bubble notion 

AMD Nears Technical ‘Death Cross’ Wedbush Securities disagrees with AI bubble notion 

Image Source: Unsplash Advanced Micro Devices (AMD) recently posted stellar earnings, driven by record data center revenue.Despite getting caught in early August’s market volatility, the stock has swiftly regained its losses.While Nvidia continues to dominate the AI sector, AMD’s future investments in AI remain a critical focus for investors.However, technical analysis has raised some concerns, particularly […]
Copper Popper – Manic Metals Report

Copper Popper – Manic Metals Report

Image Source: Pixabay Doctor Copper popped after a big uptick in global risk on sentiment. Copper liked the fact that the expectations that the US economy is s going to miss a recession and the Chinese industrial sector while slightly disappointing isn’t crashing gave copper a signal to turn. Gold was up on safe haven […]
Stocks Inch Higher, On Track For Best Week Of 2024

Stocks Inch Higher, On Track For Best Week Of 2024

Stocks have reversed their premarket losses, modestly higher midday, and headed for their best week so far this year. The Nasdaq Composite Index (IXIC) and S&P 500 Index (SPX) are eyeing their seventh-straight daily wins and best weekly performances since November, putting them on track to snap their four-week losing streaks. Meanwhile, the Dow Jones Industrial […]
Gold Tops $2,500 For The First Time

Gold Tops $2,500 For The First Time

Image Source: Pixabay Spot gold rose above $2,500/oz on Friday afternoon, exceeding the previous record hit last month. The inrease followed disappointing US housing data that has reinforced bets of faster and deeper cuts from the Federal Reserve. Lower borrowing costs are positive for gold as it doesn’t pay interest.The Fed has held its key policy […]
P2P.org integrates with Leap Wallet, enables users to stake DYDX and TIA

P2P.org integrates with Leap Wallet, enables users to stake DYDX and TIA

Key Takeaways P2P.org integrates with Leap Wallet to enhance its staking solutions. The partnership allows direct staking of dYdX and Celestia through Leap Wallet. Share this article P2P.org, a prominent non-custodial staking provider, has integrated with Leap Wallet, a popular non-custodial crypto wallet focused on the Cosmos ecosystem, according to the firm’s announcement on Friday. […]