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Economically Weighted ISM Indexes Show (And Forecast) An Economy Still – Barely – In Expansion

Economically Weighted ISM Indexes Show (And Forecast) An Economy Still – Barely – In Expansion

As I was traveling last week, I did not write about several data series that I normally update. I plan on taking care of that this week. There’s also a little excitement in the markets today. Typically when there has not been drastic *hard* news, the action is all about leveraged positions being unwound in […]
Will The Crypto Market Recover As Bitcoin Hits $50K? Or More Crash On Horizon?

Will The Crypto Market Recover As Bitcoin Hits $50K? Or More Crash On Horizon?

Image Source: Unsplash The Bank of Japan’s rate hikes led to a global market sell-off by affecting the profits of carry-forward traders. With the increased rates of overborrowing, investors closed their existing positions in risky instruments to pay off their debts. Amidst such volatility, Bitcoin and altcoins take a massive hit as the crypto market flow […]
Mr. Fix It – Manic Metals Report

Mr. Fix It – Manic Metals Report

Image Source: Unsplash Chicago Federal Reserve president Austin Goolsbee may be known as Mr. Fixit after stopping a plunging stock market and risk off infected metals. If the market was melting down Mr. Goolsbee seemed to suggest that if things go bad the Fed will “fix it”.On an interview with CNBC’s, he said that the central bank’s […]
Stocks Extend Selloff As Oil, Gold Prices Tumble

Stocks Extend Selloff As Oil, Gold Prices Tumble

Wall Street is extending last session’s slide, as recession fears trigger a global market selloff. The Dow Jones Industrial Average (DJI) is down 837 points at last glance, while the Nasdaq Composite Index (IXIC) and S&P 500 Index (SPX) sport sharp triple-digit losses as well. Tech is being hit particularly hard, as well as the crypto sector, […]
Mars Explores $30 Billion Acquisition Of Kellanova, Stock Surges

Mars Explores $30 Billion Acquisition Of Kellanova, Stock Surges

Image courtesy of 123rf.com In a potential blockbuster deal that could reshape the global snack food landscape, Mars Inc. is reportedly exploring a $30 billion acquisition of Kellanova (NYSE: K). The family-owned confectionery giant, known for brands like M&M’s and Snickers, is in discussions to purchase the snack food company that was recently spun off from Kellogg. The […]
Sky Mavis co-founder eyes permissionless future for Ronin ecosystem

Sky Mavis co-founder eyes permissionless future for Ronin ecosystem

Key Takeaways Ronin plans to launch zkEVM, enabling game developers to build layer-2 chains on top of Ronin. Sky Mavis aims to open up Ronin’s ecosystem for permissionless game development. Jeff Zirlin, co-founder of Sky Mavis, shared with Crypto Briefing what’s next for the Ronin ecosystem and how they plan to offer a permissionless infrastructure […]
Stocks Start Crashing: Will The Fed Pivot Or Panic?

Stocks Start Crashing: Will The Fed Pivot Or Panic?

Image Source: Pexels It’s no longer a question of whether the Federal Reserve will cut interest rates. It’s a question of how soon central bankers will cut and how big they will go.Last week’s ugly economic reports on manufacturing and employment helped trigger a mini-meltdown in the stock market – one that continues today. Instead of […]
Sign Of The Times. The Corn & Ethanol Report

Sign Of The Times. The Corn & Ethanol Report

We kicked off the day with S&P Global Composite PMI Final and S&P Global Services PMI Final at 8:45 A.M., ISM Services PMI, ISM Services Business Activity, ISM Services Employment, and ISM Services New Orders at 9:00 A.M., Export Inspections at 10:00 A.M., 3-Month & 6-Month Bill Auction at 10:30 A.M., Loan Officer Survey at […]
FTSE Margin Call Monday

FTSE Margin Call Monday

Image Source: Pexels FTSE 100 down 2.6% amidst wider drops, the benchmark index is expected to have its lowest day since March 2023. Fears of a US recession sparked a global sell-off on Monday, which saw London’s FTSE 100 fall more than 2.5% and reach its lowest point in more than three months. The previous session […]
Elliott Wave Technical Analysis: Dow Jones Index – Monday, Aug. 5

Elliott Wave Technical Analysis: Dow Jones Index – Monday, Aug. 5

Image Source: Unsplash  DOW JONES – DJIElliott Wave Analysis Trading Lounge Day ChartDOW JONES – DJI Elliott Wave Technical AnalysisFunction: Trend Mode: Impulsive Structure: Orange wave 3 Position: Navy blue wave 5 Direction Next Lower Degrees: Orange wave 4 Details: Orange wave 2 looking completed, now orange wave 3 is in play. Wave cancel invalid level: 38900.53The DOW JONES – DJI Elliott Wave Analysis […]