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Energy Transfer Stock Is Beating Chevron, OXY, And Shell

Energy Transfer Stock Is Beating Chevron, OXY, And Shell

The Energy Transfer (ET) stock price has done well in the past few years, helped by the strong demand for energy and the stable prices. Its total return in the past five years stood at over 82%, higher than Chevron’s 49%, Shell’s 51%, and Occidental’s 34%. Only ExxonMobil, which has returned 110% has done better.  […]
The Trillion Dollar Coin: A Dumb Idea That Some Government People Take Seriously

The Trillion Dollar Coin: A Dumb Idea That Some Government People Take Seriously

By Mike Maharrey, Money Metals ExchangeWhen I was about 7 years old, my friend Tommy and I decided we were going to dig a cave. We envisioned a massive cavern we could stand up in. It would be our secret fort. We went as far as digging a pretty deep hole in Tommy’s backyard. It was […]
5 Fidelity Mutual Funds To Buy As Amid Recession Fears

5 Fidelity Mutual Funds To Buy As Amid Recession Fears

Image source: Pexels Photo by Monstera  This year, major U.S. indexes like the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average have given investors positive returns of 9%, 7.9% and 2.9%, respectively.The Consumer Price Index (CPI) saw a dip for the first time in more than four years. The CPI fell 0.1% in June […]
Initial Jobless Claims, Ex Hurricane Beryl Distortions, Remain Very Positive

Initial Jobless Claims, Ex Hurricane Beryl Distortions, Remain Very Positive

Officially reported initial jobless claims declined -17,000 to 233,000 last week. The four week moving average rose 750 to 240,750. With the typical one week delay, continuing claims rose 6,000 to 1.875 million, the highest number since November 17, 2021:On the more important YoY basis, initial claims were down -9.7%, while the 4 week average […]
Gold Analysis: Future Of The $2400 Peak

Gold Analysis: Future Of The $2400 Peak

Gold prices gained momentum to trade above $2400 per ounce on Wednesday, paring the week’s losses as investors assessed recession risks in the United States and weighed markets between gold and cash following broad-based selloffs in risky assets on Monday. Furthermore, the decline in weekly volatility allowed dovish Federal Reserve expectations to continue supporting demand […]
Bitcoin surges to $58,000 amid renewed ETF inflows

Bitcoin surges to $58,000 amid renewed ETF inflows

Key Takeaways Bitcoin ETFs simplify crypto investments by eliminating the need for direct exchange interactions. Regulatory oversight of Bitcoin ETFs increases investor confidence and market stability. Spot Bitcoin (BTC) exchange-traded funds (ETF) registered $45 million in inflows on Aug. 7, according to Farside Investors. As a result, Bloomberg senior ETF analyst Eric Balchunas highlighted how […]
Ripple Soars After “Winning” Key Legal Battle

Ripple Soars After “Winning” Key Legal Battle

Ripple surges after court decision $125M fine ordered vs $2B SEC sought Case lacked fraud claims, lowering the penalty Judge’s decision seen as a win for the crypto sector Ripple (XRP) has jumped ~18.69% yesterday and is continuing to post gains (+2.49% at the time of writing). This rapid growth comes after, what is considered a win, Ripple Labs Inc. has been ordered […]
Elliott Wave Technical Analysis: The TJX Companies Inc. – Thursday, Aug. 8

Elliott Wave Technical Analysis: The TJX Companies Inc. – Thursday, Aug. 8

TJX Elliott Wave Analysis Trading Lounge Daily Chart,The TJX Companies Inc., (TJX) Daily Chart TJX Elliott Wave Technical AnalysisFUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave {v} of 3.  DIRECTION: Top in wave {v}. DETAILS: Looking for further upside into wave {v}, knowing we could also have a top in wave {v} in place, and we are now entering a deeper correction in Minor wave 4.TJX Elliott Wave Analysis Trading Lounge […]
US: Initial Jobless Claims Rose Less Than Expected Last Week

US: Initial Jobless Claims Rose Less Than Expected Last Week

US citizens that applied for unemployment insurance benefits increased by 233K in the week ending August 3 according to the US Department of Labor (DoL) on Thursday. The prints came in below initial consensus (240K) and were lower than the previous weekly gain of 250K (revised from 249K).Further details of the publication revealed that the […]
USD/JPY Declines To Near 146.00 On BoJ’s Hawkish Summary Of Opinions

USD/JPY Declines To Near 146.00 On BoJ’s Hawkish Summary Of Opinions

 Image Source: Pixabay   USD/JPY drops to near 146.00 as Yen strengthens after BoJ’s hawkish Summary of Opinions. After global market mayhem, BoJ Uchida preferred to keep the interest rates on hold until markets stabilized. The US Dollar will be influenced by the weekly US jobless claims data. The USD/JPY falls to near 146.00 in Thursday’s […]