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ISM Services Index Up Slightly But Employment Weakens To Nearly Flat

ISM Services Index Up Slightly But Employment Weakens To Nearly Flat

Image Source: UnsplashThe ISM services index was essentially unchanged but production and employment weakened with new orders rising.ISM chart and excerpts below by permission from the Institute for Supply Management® ISM®Please consider the August 2024 ISM® Services Report On Business®  emphasis mine. Economic activity in the services sector expanded for the second consecutive month in August, say the nation’s […]
Stocks Struggle Ahead Of Key US Data Releases

Stocks Struggle Ahead Of Key US Data Releases

Image Source: UnsplashDespite the noticeable drop in Nvidia-driven tech stocks this week, the major US indices remain not too far from their all-time highs hit in July. September is not usually a good month for the markets anyway, but so far there are no concrete signals that a major correction is upon us. That could change, […]
The Second Wave Of Selling On The Stock Market Has Begun

The Second Wave Of Selling On The Stock Market Has Begun

Image Source: UnsplashThe stock markets have been on quite a rollercoaster ride over the last six weeks. While the recovery after the low at the beginning of August was already underway, we discussed the idea of a second wave of selling in Pretiorates’ Thoughts 45. Sell-offs that come with a heavy dose of panic are almost always […]
GameSquare Surges Towards Profitability After FaZe Clan Acquisition

GameSquare Surges Towards Profitability After FaZe Clan Acquisition

GameSquare Holdings (GAME) is making waves in the Esports and gaming media sectors. With the acquisition of FaZe Clan (formerly traded under FAZE) and several new strategic partnerships, the company is positioning itself as a key player in the rapidly growing Esports and digital entertainment space. On August 20th, GameSquare’s CEO, Justin Kenna, joined a […]
Is Gold In The Beginning Stages Of A Bullish “Supercycle?”

Is Gold In The Beginning Stages Of A Bullish “Supercycle?”

Image Source: PixabayIs gold in the midst of a supercycle?A Wells Fargo analyst thinks so.Gold has had quite a bull run in 2024. The yellow metal is up over 21.6 percent this year, ranking among the best-performing assets. Along the way, it has hit new all-time highs more than 20 times. The first leg of the bull […]
Canada Will Be Caught In The Rise In US Trade Protection Measures

Canada Will Be Caught In The Rise In US Trade Protection Measures

Image source: PixabayAt this juncture in the US election, it is necessary to take considerable care not to attach too much weight to the prospects for a radical change in policy. The campaign is full of popular slogans and promises. That aside, there are some clear signs that protectionism is the soup du jour. The US is taking issue […]
Aflac – Strong Technical Indicators With 100% Buy Signals

Aflac – Strong Technical Indicators With 100% Buy Signals

Image Source: Pexels Aflac (AFL) shows strong technical indicators with 100% buy signals, a 47.77% gain in the last year, and a Trend Seeker buy signal. The company operates through Aflac Japan and Aflac U.S., offering various supplemental health and life insurance products. Fundamental factors include a market cap of $61.98 billion, a P/E of 16.77, […]
Oil Slides Despite Huge Draw Sending Total US Crude Inventories To 2024 Low

Oil Slides Despite Huge Draw Sending Total US Crude Inventories To 2024 Low

Image Source: PixabayWith oil trading at 2024 lows, despite a report earlier denying last week’s Reuters fake news that OPEC+ would hike output in October which sent oil prices tumbling, and despite last night’s API report that a whopping 7.4 million in crude oil were drawn in the past week with draws also in all other categories, moments ago the […]
Binance to launch fixed rate loans in USDC and FSUSD stablecoins

Binance to launch fixed rate loans in USDC and FSUSD stablecoins

Key Takeaways Binance’s fixed rate loans provide predictable financial planning for users. The service includes features like auto-repay and principal protection. Share this article _*]:min-w-0″> Binance Loans now offers fixed rate loans, providing users with predictable borrowing costs, according to a blog post by Binance. This feature allows borrowers to lock in interest rates for […]
Economically Weighted ISM Indexes Show An Economy On The Very Cusp Of – But Not In – Contraction

Economically Weighted ISM Indexes Show An Economy On The Very Cusp Of – But Not In – Contraction

Image Source: PexelsRecently I have paid much more attention to the ISM services index. That’s because, since the turn of the Millennium, manufacturing’s share of the economy has contracted to the point where even a significant decline in that index has not translated into an economy-wide recession, as for example in 2015-16. When we use an economically weighted […]