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Archives by Year:
Gold Price Ticks Higher On Soft US JOLTS Data
Image Source: Pixabay XAU/USD rises 0.05% to $2,493, with prices rebounding after hitting a daily low of $2,471. Weaker-than-expected US JOLTS report fuels speculation of a 50 bps Fed rate cut in September. Falling US Treasury yields and a softer US Dollar support Gold despite volatile profit-taking throughout the session. Gold’s price aimed higher during the North […]
Dow Jones Industrial Average Flattens On Wednesday
Image Source: Pixabay The Dow Jones rallied early Wednesday before dipping back to the open. US JOLTS data eased back more than expected in July. Markets have tilted further into bets of a double Fed cut in September. The Dow Jones Industrial Average (DJIA) whipped on Wednesday, rising at the start of the US market session […]
Nearing The Point Where Unemployment Is Greater Than Job Openings
Image Source: PixabayThe labor market softens again. Job openings drop and quits are below the pre-Covid level.Job Openings and Labor Turnover JOLTSThe Job Openings and Labor Turnover Summary for July shows some sobering trends. At the March 2022 peak, there were 12,182,000 job openings vs an unemployment level of 5,993,000. There were more than two openings per those […]
Intel Faces Potential Customer Backlash Over Manufacturing Quality: How Bad Is It?
Image Source: Pexels Broadcom has reportedly rejected Intel’s 18A manufacturing process, delaying high-volume production plans. Intel’s chip quality issues with Broadcom could jeopardize major future deals with tech giants. A mid-September meeting is likely to determine the future path for the chip maker. Intel’s (INTC) problems continue to worsen with each passing day. After losing technology […]
Hard-Landing Panic Leads To First Yield Curve Disinversion In Two Years, As Nvidia Plunge Continues
Image Source: PixabayIf yesterday’s market dump was a bang, today’s continued selling more of a whimper.One day after the biggest drop in the S&P since the August 5 rout (which however was followed by a just as violent episode of BTFD) today stocks saw continued selling, with what little interest to buy the dip emerged promptly faded right […]
Targeting Huntsman
Image Source: PixabayThere is one chart I’ve looked at repeatedly but could never bring myself to short since it is relatively thinly traded: Huntsman (HUN):If one glances at the website, it isn’t particularly clear what they do except for “enriching lives through innovation“, whatever that means.Happily, I’m a chartist, not a fundamental analyst, so I’m much more focused on […]
Precious Metals Shine In August: Gold And Silver Surge Ahead
Image Source: PixabayAs the summer winds down, investors are keeping a close eye on the precious metals market. August proved to be a stellar month for both gold and silver, with gold prices rising a solid 3.5% and silver not far behind at 3.2%.But what does the future hold? Well, according to Bank of America, the […]
Another Hot Month, Another Fresh Record
Image Source: UnsplashSummer is coming to a close, but the weather is not the only thing that remains hot. The stock market has been scorching hot as well. Both the S&P 500 and Dow Jones Industrial Average blazed to all-time record highs last month. In fact, both of these indexes have risen seven out of eight […]
US Dollar Declines After Weak Economic Data And Neutral Fed Outlook
Image Source: Pixabay US job openings for July arrived at 7.67 million, weaker than expected. Fed Beige Book notes modest price increases and slight economic growth. Markets remain overconfident on a super-dovish Fed. The US Dollar Index (DXY), a measure of the USD against a basket of six currencies, snapped its recovery streak on Wednesday after a disappointing […]
Defensive ETFs Shine Amid A Rough Start To September
Image Source: PixabayU.S. stocks started September on a dismal note on economic slowdown concerns following weak data, which shows that manufacturing shrank again in August. This resulted in investors’ flight to defensive sectors like utilities, real estate, healthcare, and consumer staples to beat the woes. In fact, ETFs from these sectors roared to new highs. We have […]
