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Stocks Rise After More Uplifting Inflation Data

Stocks Rise After More Uplifting Inflation Data

The Dow held on to its triple-digit gain today, as investors cheered the second encouraging U.S. inflation report this week. With a rate cut looking more likely to take place in September, the question remains whether the central bank will slash rates by 25 or 50 basis points. Meanwhile, the S&P 500 and Nasdaq locked in five-straight […]
The Top 3 Value ETFs To Buy Now

The Top 3 Value ETFs To Buy Now

Image Source: Pixabay Over the past month, value stocks and value ETFs have outperformed their growth counterparts, as investors seek out more reliable and less volatile investments.With valuations remaining high, and the potential for a slowing economy, some experts believe value stocks could continue to outperform in the near term.Investors looking to diversify their portfolios while taking advantage […]
The SPR Has Not Been Refilled

The SPR Has Not Been Refilled

Image Source: Unsplash “Davidson” submits:The Dept of Energy claimed late last week that it had fully replenished the SPR. The announcement states through illogical reasoning that canceling previously-mandated sales equates to actual replenishment. The actual EIA data shows less than 30mil BBL have been added from the 346mil BBL low to last week’s 375mil BBL level. The […]
Vanguard CEO Salim Ramji: “We will not be launching crypto ETFs”

Vanguard CEO Salim Ramji: “We will not be launching crypto ETFs”

Key Takeaways Vanguard’s Ramji firmly rejects the introduction of crypto ETFs. Despite market trends, Vanguard maintains its identity focusing on client-centric strategies. Salim Ramji, Vanguard’s CEO, said the company would not chase market trends that conflict with its core principles and client needs. In an exclusive interview with ETF.com, Ramji stated that Vanguard “will not […]
3 Stocks Ready To Surge With A September Rate Cut

3 Stocks Ready To Surge With A September Rate Cut

Image courtesy of 123rf.com This week brought positive macro news. Wednesday’s Consumer Price Index (CPI) report from the Bureau of Labor Statistics showed 2.9% annualized inflation for July, the lowest since March 2021.On a monthly basis, consumer prices declined by 0.1% from June, but still at 0.2% rate. In other words, prices continue to go up but at […]
Consumer Price Index A Tad Better Than Expected Year-Over-Year

Consumer Price Index A Tad Better Than Expected Year-Over-Year

CPI data from the BLS, chart by MishThe BLS reports the CPI Rose 0.2 Percent in July.CPI Month-Over-Month Details The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent on a seasonally adjusted basis, after declining 0.1 percent in June. The index for shelter rose 0.4 percent in July, accounting for nearly 90 percent […]
Wisconsin state boosts BlackRock’s Bitcoin ETF shares, exits Grayscale Trust

Wisconsin state boosts BlackRock’s Bitcoin ETF shares, exits Grayscale Trust

Key Takeaways The State of Wisconsin increased its IBIT shares by 447,651 as of June 30. SWIB sold all its shares in GBTC, where it previously held 1,013,000 shares. The State of Wisconsin Investment Board (SWIB) added 447,651 shares of BlackRock’s iShares Bitcoin Trust (IBIT) to its investment portfolio, bringing the total holdings to 2,898,051 […]
Panic Early Or Not At All

Panic Early Or Not At All

Image Source: Unsplash As long-time readers are no doubt aware, I spend a healthy amount of my day trying to decipher the drivers of the daily market action. In short, whenever markets start to move quickly, I make it my business to understand why. My thinking is if I can stay in tune with what markets […]
The Dellian Gap

The Dellian Gap

Image Source: Unsplash Over a span of just over two months, Dell (ticker symbol – – I’ll give you a moment – – yep, it’s DELL) lost nearly 50% (!!!!) of its value. Over the past few trading days, it has staged a mighty rally.I would suggest this bounce is similar to the last time, both tinted in yellow and will meet the same fate. What’s […]
 AI-Focused Drug Discovery Stocks Portfolio Hit Hard: Down 14% MTD

 AI-Focused Drug Discovery Stocks Portfolio Hit Hard: Down 14% MTD

Image Source: Unsplash An Introduction The AI-powered drug discovery process is expected to grow by a compound annual growth rate of 30% between now and 2030 according to research from Grand View Research. This should result in approximately 50 novel therapies being brought to market over that 10 year period according to Morgan Stanley and generate […]