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Stocks To Watch Today: UBER, ADBE, And MSTR

Stocks To Watch Today: UBER, ADBE, And MSTR

Image Source: PexelsIn a day of mixed market movements, three technology companies are making waves on Wall Street. Uber Technologies Inc. (UBER), Adobe Inc. (ADBE), and MicroStrategy Inc. (MSTR) are each experiencing significant stock price fluctuations due to recent announcements and financial results. Uber Shares Surge Following Waymo Partnership Expansion  Uber Technologies Inc. (UBER) shares surged […]
Mega Trend Convergence: Surfing The Market’s “Ultimate Wave” In 2024

Mega Trend Convergence: Surfing The Market’s “Ultimate Wave” In 2024

Photo by Steve Johnson on UnsplashNazaré is a small seaside town in Central Portugal … and home to one of Earth’s most powerful natural spectacles.Walk Nazaré’s streets, and you’ll be able to take in stunning architecture, bask in the subtropical heat, and maybe even catch a bullfight if you’re in town during the summer festivals.But step out on […]
Recession Now Or Stagflation Forever

Recession Now Or Stagflation Forever

Image Source: PixabayThe labor market is clearly weakening. But in reality, this is what needs to happen. Short-term pain is needed to reconcile the great imbalances created by decades of free money. The alternative is intractable inflation that renders the middle class into penury.The most recent ADP employment report showed job growth in August was just […]
Gold Sets A New Record As Prices Rise Higher

Gold Sets A New Record As Prices Rise Higher

Image Source: PixabayGold prices surged to 2,570 USD per troy ounce on Friday. New record highs became possible amid the weakening position of the US dollar and declining yields on US government bonds.Gold prices began to rise after the release of another package of US macroeconomic statistics. The weekly initial jobless claims increased compared to the […]
Pattern Suggests Silver Could Nearly Double Following A Breakout, Says Joe Friday

Pattern Suggests Silver Could Nearly Double Following A Breakout, Says Joe Friday

Image Source: PixabayPrecious metals have been big winners in 2024.While Gold may get all the headlines, Silver has performed pretty well too. And things may turn even more bullish if the Silver can breakout above important price resistance!Today we look at a long-term “monthly” chart of the Silver ETF.“The facts, Ma’am. Just the facts.” – Joe […]
CAVA’s Post-Earnings Surge: Key Setup And Trade Strategy

CAVA’s Post-Earnings Surge: Key Setup And Trade Strategy

Image Source: UnsplashCAVA Group (CAVA) has recently hit an all-time high, thanks to its strong earnings report, displaying significant relative strength even as broader markets like the S&P 500 have experienced a drawdown. This strength showcases CAVA bucking the trend, making it an attractive stock to watch.Currently, CAVA is forming a flag pattern, a continuation signal […]
Poland’s Current Account Balance Significantly Worsens In July

Poland’s Current Account Balance Significantly Worsens In July

Image Source: PexelsPoland still shows a solid external balance in 12-month terms, although imports are growing stronger than exports. The next few months will show whether the jump in July is a more lasting effect related to the strong pace of domestic consumption or perhaps a one-off jump related to arms imports.The current account closed with a €1462m deficit […]
Gold In Euros Breaks All-Time Record

Gold In Euros Breaks All-Time Record

Image Source: PixabayThe price of gold in euros has just broken an all-time record! An ounce of gold is now at €2,300, double its price of five years ago:Gold soars while oil plummets, particularly in the last quarter. With oil and gold prices so decorrelated in recent months, gold miners are likely to report even stronger-than-expected results:Graphically, the […]
Biden Administration Runs Biggest Deficit Of The Year In August

Biden Administration Runs Biggest Deficit Of The Year In August

In a year of massive deficits, the Biden administration ran the biggest deficit of the year in August.Meanwhile, interest on the national debt eclipsed $1 trillion for the first time.The August budget shortfall came in at $380.08 billion, according to the latest Treasury Statement. That pushed the fiscal 2024 deficit to $1.9 trillion with one […]
WTI Crude Rises Amid Gulf Supply Disruptions, But Demand Concerns Loom

WTI Crude Rises Amid Gulf Supply Disruptions, But Demand Concerns Loom

Image Source: UnsplashWTI crude’s rise, fueled by supply disruptions from Hurricane Francine, highlights the immediate impact of the storm on US Gulf oil production, but the market’s longer-term outlook remains clouded by demand concerns. The hurricane temporarily shutting down over 42% of crude production in the region has provided some short-term support to prices, but the […]