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“Pals, Trowels And Towels” Stock Market (And Sentiment Results)

“Pals, Trowels And Towels” Stock Market (And Sentiment Results)

On Wednesday, I joined Neil Cavuto on Fox Business to discuss markets, the rotation, the Fed and more.  Thanks to Jenna DeThomasis and Neil for having me on: Here were my notes ahead of the segment:On Tuesday, I joined Melanie Schaffer on CEO.ca for a long-form interview that enabled us to delve deeply into what’s […]
European Cannabis Q2 2024 Quarterly Update

European Cannabis Q2 2024 Quarterly Update

Image Source: Unsplash 2024’s second quarter transpired strongly and predictably after the positive news of the 252-page United States Department of Health and Human Services (HHS) report and Germany’s declassification of cannabis as a narcotic. Additionally, it is still highly predicted that as soon as September, the U.S. Drug Enforcement Agency (DEA) will reclassify cannabis to […]
DEX trading volume hits $186b in July, up 18% from June

DEX trading volume hits $186b in July, up 18% from June

Key Takeaways DEX trading volume reached $186 billion in July, up 18% from June. Solana-based DEX surpassed Ethereum in monthly trading volume for the first time. Decentralized exchanges (DEX) gained traction in July by nearing $186 billion in monthly trading volume, 18% up from June. This is the first time since March that DEX monthly […]
UQUID launches USDT payment for public transport in Argentina

UQUID launches USDT payment for public transport in Argentina

Buenos Aires, Argentina – July 29, 2024 – UQUID, a pioneer in Web3 shopping platforms, has introduced a new feature allowing users to top up their SUBE cards using USDT on the TRON blockchain. This new functionality aims to streamline how Argentine commuters manage their public transportation expenses, leveraging cryptocurrency for everyday transactions.SUBE cards are […]
ETF Battles: Mega Cap Growth Stocks Vs. Pure Technology – Which Is The Better Choice?

ETF Battles: Mega Cap Growth Stocks Vs. Pure Technology – Which Is The Better Choice?

Image Source: Pixabay In this Season 5 episode of ETF Battles, Ron DeLegge referees an audience-requested matchup between a pair of Vanguard equity ETFs (MGK vs. VGT) tracking mega cap growth stocks and technology stocks. Who wins the battle?What’s the best way to get an angle on leading stock market performers? Is it via ETFs linked to […]
Equity Factor Report – Q2 2024: Momentum Strategies Continue Their Advance

Equity Factor Report – Q2 2024: Momentum Strategies Continue Their Advance

OverviewConcerns over a slowing economy and labor market at the beginning of the quarter firmed investors’ beliefs that interest rate cuts were on the way as the MSCI All Country World Index (ACWI) shook off a sluggish start to the quarter to finish with a gain of 3%. The Russell 1000 Index performed in a […]
Federal Reserve Poised To Surrender To Inflation

Federal Reserve Poised To Surrender To Inflation

Image source: Wikipedia The Federal Reserve unfurled the white flag during the July FOMC meeting and set the stage to surrender to inflation. That may seem like an odd way to frame the messaging that came out of the most recent Fed meeting, but surrender is exactly what Powell & Company are set to do. The inflation […]
Dow Drops Over 500 Points As Data Rolls In

Dow Drops Over 500 Points As Data Rolls In

Stocks are paring this morning’s gains that followed Meta Platforms’ (META) upbeat quarterly results, with the Dow Jones Industrial Average (DJI) down 513 points at last glance. Investors are unpacking plenty of economic data, as jobless claims rose to a one-year high, U.S. productivity by far exceeded estimates, and the ISM manufacturing index dropped to 46.8% in July […]
Bank Of England Cuts Rates And There Are More To Come This Year

Bank Of England Cuts Rates And There Are More To Come This Year

Photo by Colin Watts on Unsplash  The Bank of England has cut rates for the first time this cycle, by a quarter point to 5%. But reading the statement and the meeting minutes, the Bank appears incredibly reticent to let markets run away with the idea that this could be the start of a rapid cutting cycle.The statement itself makes […]
The Manufacturing ISM Index Is Lower Than Every Economist’s Estimate

The Manufacturing ISM Index Is Lower Than Every Economist’s Estimate

ISM chart and excerpts below by permission from the Institute for Supply Management® ISM®Please consider the July 2024 Manufacturing ISM® Report On Business®  emphasis mine. The U.S. manufacturing sector contracted for the fourth consecutive month in July, as the Manufacturing PMI® registered 46.8 percent, down 1.7 percentage points compared to June’s reading of 48.5 percent. “After breaking a […]