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A Feedback Loop Of Market Bliss

A Feedback Loop Of Market Bliss

Image Source: PixabayMARKETSStocks rallied Thursday as investors continued to shake off a rocky start to September, diving back into tech stocks with a vengeance. Leading the charge, Nvidia—the world’s largest wealth-creation machine—powered up this week, moving markets like the Fed had already delivered a rate cut. And let’s not forget: that rate cut is still on […]
Why OPEC’s Decisions Impact The U.S.

Why OPEC’s Decisions Impact The U.S.

Image Source: PixabayEarlier this year, OPEC and its partners announced that it would begin to ease production cuts for members in the fall. However, with oil prices in steep decline, the group just announced a pause in these plans.This decision eased concerns about potential oversupply as the fall season approaches, and helped reverse the decline in […]
This Bull Trap Could Be Our Biggest Win Of This Week

This Bull Trap Could Be Our Biggest Win Of This Week

Image Source: Unsplash One day left – let’s finish strong!  Markets continued pushing higher after this morning’s 2-Leg Pullback…We’re still very bullish, but I see (3) reasons why this BULL TRAP could be our biggest win of the week!Emini and Nasdaq are both bullish into ranges tonight, and I’d love to short one of these (3) […]
A Steeper Curve May Cause The Technology Sector To Sink Further

A Steeper Curve May Cause The Technology Sector To Sink Further

Image Source: UnsplashI noticed something today that I hadn’t seen before in the same way, and it could help us understand why the equity market behaves in such unusual ways. It’s clear that owning mega-cap technology has been the “higher for longer” trade, but what’s even more apparent now is how that trade is being timed.The […]
Stocks And Precious Metals Charts – A Disturbance In The Force

Stocks And Precious Metals Charts – A Disturbance In The Force

Image Source: PexelsMarkets looked at the economic data this morning and decided that the Fed is going to be handing out some rate cuts in short order.And so we saw the reactions to expectations of lower rates.Stocks rose sharply.Gold and silver took off, breaking up and out through resistance, and gaining ground all the way into […]
Gold Surges To New Record High After Hot PPI As ECB/WSJ Trigger Dollar Dump

Gold Surges To New Record High After Hot PPI As ECB/WSJ Trigger Dollar Dump

Image Source: UnsplashECB cut rates by 25bps as expected (along with a stagflationary cut to growth and hike to inflation forecasts) but all eyes were on US data. A hotter than expected PPI followed the hotter than expected core CPI pushed rate-cut expectations lower (although jobless claims fell). Interestingly, rate cut expectations for 2024 jumped after the […]
Nationwide Grocery Prices At 2024M01 Levels

Nationwide Grocery Prices At 2024M01 Levels

Image Source: PexelsFrom the CPI release:Figure 1: CPI – food at home (blue), ERS forecast as of January (red triangle), ERS forecast as of August (light blue square), Chained CPI – food at home (light green), all normalized to 2020M01=1.00. Chained food at home CPI component seasonally adjusted by author using X-13 (in logs). Source: BLS, USDA ERS, […]
Moderna Slashes R&D Budget, Stock Plummets Amid Profitability Concerns

Moderna Slashes R&D Budget, Stock Plummets Amid Profitability Concerns

Image Source: UnsplashModerna, Inc. (MRNA) announced today a significant reduction in its research and development budget, sending shockwaves through the biotech industry and causing its stock to plummet. The company, known for its mRNA technology and COVID-19 vaccine, plans to cut $1.1 billion from its R&D spending by 2027 as it grapples with commercial setbacks and a […]
Why Chinese Traders Might Push Gold (And Silver) Prices Higher

Why Chinese Traders Might Push Gold (And Silver) Prices Higher

Image Source: PixabayChina’s traders have had a massive impact on gold and silver prices, with a 400% surge in trading on the Shanghai Futures Exchange in 2024. While gold could soon hit $3,000, silver is also seeing gains thanks to seasonal patterns. Historically, silver prices spike at the end of the year, and analysts expect a […]
What’s Behind The Recent Rally In Crude, Looking Ahead What’s Next?

What’s Behind The Recent Rally In Crude, Looking Ahead What’s Next?

Image Source: UnsplashThe price of West Texas Intermediate crude bounced 6 percent from a recent low. What’s going on?Chart courtesy of Investing.Com, annotations by Mish.Note that Investing inverts the month and day vs US standard order. U.S. readers may find this confusing. Might I suggest an order set by location or a switch set by the […]