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AI tokens rally as Nvidia refutes DOJ subpoena reports

AI tokens rally as Nvidia refutes DOJ subpoena reports

Key Takeaways AI tokens experienced a significant surge after Nvidia denied reports of receiving a DOJ antitrust subpoena. Nvidia’s stock shows resilience with a slight rise amid subpoena rumors. Share this article Several artificial intelligence (AI) tokens have bounced back following Nvidia’s denial of reports that it had received a subpoena from the Department of […]
Stocks And Precious Metals Charts – Dying From Their Lack Of Humility

Stocks And Precious Metals Charts – Dying From Their Lack Of Humility

Image Source: PexelsThe markets are pricing in the expectation of a Fed policy pivot, signaled by a rate cut at their next meeting in September.The question is whether the cut will be 25 or 50 basis points.Stocks ranged, finishing just a little lower.Gold and silver were just slammed in the early trading, with a determined move […]
Financial Markets Report For Wednesday, Sept 4

Financial Markets Report For Wednesday, Sept 4

Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Wednesday, September 4.Video Length: 00:16:14More By This Author:Metal Markets Report For Friday, Aug 30SPDR ETF Report For Friday, Aug 30Financial Markets Report For Friday, Aug 30
The S&P 500 Is Trying To Hold It Together, But The Odds Are Stiff

The S&P 500 Is Trying To Hold It Together, But The Odds Are Stiff

There’s some big data coming our way this week: jobs data. We’ll get a glimpse of how the market is primed to receive positive or negative news, whether it’s “bad news is good news”… or the other way around.The Fed, of course, is set to cut rates this month. The market could take them at […]
Rates Spark: US 2’s And 10’s Touch 3.75%

Rates Spark: US 2’s And 10’s Touch 3.75%

Image Source: PexelsUS market rates continue to pressure core rates lower. US 2’s and 10’s have settled at 3.75%. Both are some 1.6% through the funds rate. That’s quite a discount. The Bund curve is still some 10bp from disinverting and may need more time as the eurozone faces sticky inflation and limited recession risk. Plenty […]
Australian Dollar Shows Mild Gains On Reduced USD Strength

Australian Dollar Shows Mild Gains On Reduced USD Strength

Image Source: Unsplash Australian Dollar records modest gains due to waning USD strength. Australian Q2 GDP meets expectations but relies heavily on government spending. US job openings decrease, indicating potential labor market easing, which weighs on USD. The AUD/USD saw mild gains on Wednesday, rising to 0.6720 amid reduced USD strength. This move followed the release […]
Nvidia Approves $50 Billion Stock Buyback: Time To Buy?

Nvidia Approves $50 Billion Stock Buyback: Time To Buy?

Image Source: PixabayNVIDIA Corporation (NVDA – Free Report) crushed bubble fears this year and its shares surged more than 100%. However, NVIDIA’s stock price recently faced bouts of volatility after tech behemoths trimmed spending on artificial intelligence (AI) and the company’s latest quarterly results failed to meet high expectations.But it’s also true that NVIDIA’s newest stock buyback plan is […]
Why Entravision Communications’ Dividend Could Be At Risk

Why Entravision Communications’ Dividend Could Be At Risk

Image Source: PixabayTM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Entravision Communications (EVC) is a media company catering to the Latino market. It has 21 TV stations, 43 radio stations, and other properties.It’s a $2 stock but its $0.05 per share quarterly dividend means […]
A Stunning Chart Ahead Of Friday’s Job Report

A Stunning Chart Ahead Of Friday’s Job Report

Image Source: PexelsBuried deep inside today’s JOLTs report was some data that is simply stunning, and suggests that Friday’s jobs report – now that the data goalseeking and manipulation is largely over with the near-record downward jobs revision in the books – could be a disaster.We are referring to the historic collapse in construction job openings, which have tumbled […]
Is The Market Over The Hump?

Is The Market Over The Hump?

Yesterday, we talked about exercising caution when trading on adages.Plus, we warned you to be careful not to become too extreme in sentiment.Then, I pointed out how the “inside” sectors were outperforming and perhaps suggesting things aren’t as bad in September as the media wants you to believe.The first chart is SPY or S&P 500.A […]