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Which Indexes Performed The Best During Rate Cut Week?

Which Indexes Performed The Best During Rate Cut Week?

Image Source: Pixabay While the Dow Jones Industrial Average and S&P 500 touched all-time highs last week during the rate cut rally, the best performers were small cap stocks and mid cap stocks.The small cap Russell 2000 gained 2.1% last week to 2,228, while the leading mid cap index, the S&P 400, climbed 2.3% to 3,103.The Dow […]
News Is Noise

News Is Noise

Image Source: Pexels As we anticipated, the market went up last week in what technically was a reasonably predictable week even though most eyes were on the news.The catalyst for Thursday’s rise was the Fed 0.5% rate cut. Worth noting we rarely talk about macro events, but we still typically get market direction right.The rate cut […]
Asian Stock: Bumi Armada

Asian Stock: Bumi Armada

  ↵Image Source: Pixabay Company: Bumi Armada BerhadBloomberg ticker: BAB MKMarket cap: US$699mBackground: Bumi Armada Berhad is a Malaysian oilfield services company that provides marine transportation, engineering, and maintenance services to the offshore oil and gas industry. The company has a global presence with 7 floating production storage and offloading (FPSO) vessels, 2 subsea construction vessels, and 1 LNG floating storage […]
Cash And Risk Management Work Together

Cash And Risk Management Work Together

Image Source: Pexels Many traders think a fully-invested portfolio is the way to go. But investing all of your capital means you are also taking a lot of risk. So let’s talk about how cash and risk management can work together to help you protect your portfolio AND grow your wealth. Cash opens up opportunities You […]
Celestia Foundation raises $100M in latest round, bringing total to $155M

Celestia Foundation raises $100M in latest round, bringing total to $155M

Key Takeaways Celestia Foundation’s recent $100M funding round was led by Bain Capital Crypto. Celestia plans to scale block throughput to 1 gigabyte, aiming to exceed Visa’s capacity. Share this article The Celestia Foundation has announced a successful $100 million fundraising round, led by Bain Capital Crypto, with participation from Syncracy Capital, 1kx, Robot Ventures, […]
Bajaj Finserv – Elliott Wave Technical Analysis

Bajaj Finserv – Elliott Wave Technical Analysis

BAJAJ FINSERV – BAJAJFINSV (1D Chart) Elliott Wave Technical AnalysisFunction: Larger Trend Higher (Intermediate degree Wave (5), orange) Mode: Motive Structure: Impulse Position: Minor Wave 3 of intermediate Wave (5) Details: Intermediate Wave (4) Orange completed as a triangle. Minor Wave 3 Grey of Intermediate Wave (5) underway also looks complete around 1920-30. If correct, expect a corrective Wave 4 before prices turn […]
Opposites On Top

Opposites On Top

Image Source: Unsplash Before last week, when the S&P 500 last made a record high in July, breadth was incredibly narrow as only two sectors – Technology and Communication Services (driven mostly by ‘tech-like’ stocks) – had outperformed the S&P 500 on a YTD basis. In the latest leg of the rally, breadth has broadened, and […]
The Fed Is Playing With Inflationary Fire

The Fed Is Playing With Inflationary Fire

Image Source: Pixabay The Fed finally went ahead and cut rates by 50 basis points last week, officially signaling that we’ve entered a new round of monetary easing.We knew this was coming, and that the market discounts future events. Remember that interest rates, at their core, are simply the cost of money.I’ve had some concerns with […]
Gold Breaks $2,600 As U.S. Bolsters Middle East Forces Amid Rising Tensions

Gold Breaks $2,600 As U.S. Bolsters Middle East Forces Amid Rising Tensions

Image courtesy of 123rf.com Global markets are reacting to a combination of economic shifts and geopolitical tensions, as gold prices reach unprecedented highs and the U.S. bolsters its military presence in the Middle East. Gold Surges to Record Levels Gold prices are hovering near record highs as of September 23, 2024, with spot gold trading at $2,619.37 per […]
A Biotech Breakout Will Be Led By Small Caps

A Biotech Breakout Will Be Led By Small Caps

depositphotos Position Your Portfolio for A Biotech Breakout in Q4 Biotech sector performance as of 9/22: IBB up 8.93% YTD, 0.43% MTD, PRHSX up 0.63% MTD,15.77% YTD, XBI up 0.78% MTD 13.8% YTD. Our diversified SMID trading list below has several big winners but volatility is very high. Track SMID momentum with XBI, off about […]