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Dow Scores Record High; Investors Parse Key Economic Data

Dow Scores Record High; Investors Parse Key Economic Data

Wall Street is modestly higher Monday, as investors digest September’s purchasing managers’ index (PMI) reading that showed U.S. manufacturing activity hitting its lowest level since June 2023. Meanwhile, the services PMI for September came in at 47, which indicated expansion and a drawdown to 15-month lows.In response, the Dow Jones Industrial Average (DJI) recorded another all-time high, […]
Avalanche DEX Trader Joe rebrands to Let’s F***ing Joe

Avalanche DEX Trader Joe rebrands to Let’s F***ing Joe

Key Takeaways Let’s F***ing Joe retains fast, cost-effective trading features post-rebrand. LFJ’s redesigned mascot aims to strengthen global community ties. Share this article Trader Joe, a prominent decentralized exchange (DEX) on the Avalanche blockchain, has undergone a major rebranding.  The project announced on X today that it changed its name to Let’s F***ing Joe (LFJ), […]
How Europe’s Rearmament Could Boost Defense Stocks

How Europe’s Rearmament Could Boost Defense Stocks

Image Source: Pexels For years, the U.S. has been the dominant player in military spending, with American companies like Lockheed Martin and RTX (formerly Raytheon) commanding the global arms market. But now, Europe—specifically its arms manufacturers—may be the next big opportunity for savvy investors.A recent, long-awaited report by Mario Draghi, former Prime Minister of Italy and former head […]
FTSE Bounces Back Despite Econ Data Disappointment

FTSE Bounces Back Despite Econ Data Disappointment

Image Source: Pexels After experiencing their worst day since August in the previous session, UK shares increased on Monday. The modest advance came even as economic data did little to excite animal spirits with the UK’s business activity growth slowing in September, with the composite PMI index declining to 52.9 from 53.8 in the previous month, […]
German Bund Is Still Eyeing Yearly Highs

German Bund Is Still Eyeing Yearly Highs

Image Source: Unsplash German BUND possibly and temporarily bottomed after strong recovery for wave A back in 2023, followed by a deep but overlapping -W-X-Y correction. We see that as wave B so if wave C is now underway, then five subwaves should take us above yearly highs.Currently we are tracking a pullback in subwave (4) that […]
General Motors Stock Dips Following Layoff Announcement And Analyst Downgrade

General Motors Stock Dips Following Layoff Announcement And Analyst Downgrade

Image courtesy of 123rf.com General Motors (NYSE: GM) faces challenges as it navigates the evolving automotive landscape, with recent announcements of layoffs, a credit rating downgrade, and fluctuating stock performance. The automaker is implementing significant changes at its Kansas plant while simultaneously grappling with concerns from financial analysts about its future earnings potential. GM Layoffs and Plant Restructuring […]
Bitcoin gears up for ‘transition phase’ as parabolic rise looms, trader highlights

Bitcoin gears up for ‘transition phase’ as parabolic rise looms, trader highlights

Key Takeaways Bitcoin has risen 6% following the Fed’s 50 basis point interest rate cut. Traders anticipate a potential parabolic rise for Bitcoin as it enters a “transitional phase”. Share this article Bitcoin (BTC) is up 6% since the Fed made a 50 basis point cut in the US interest rate. According to the trader […]
Disaggregating The Big Picture: The Fed *Still* Wants To Make Your Recession Forecast Wrong

Disaggregating The Big Picture: The Fed *Still* Wants To Make Your Recession Forecast Wrong

This is Housing Week, but there is no significant data today, and I’m going to wait for new home sales to be reported on Wednesday before commenting on how existing home sales fit in. In the meantime, let me unpack a Big Picture look.Since the Fed began actively managing interest rates over 60 years ago, […]
Funds Squaring Positions During Harvest. The Corn And Ethanol Report

Funds Squaring Positions During Harvest. The Corn And Ethanol Report

We kicked off the day with Fed Bostic Speech at 7:00 A.M., Chicago Fed National Activity Index at 7:30 A.M., S&P Global Composite PMI Flash, S&P Global Manufacturing PMI Flash, and S&P Global Services PMI Flash at 8:45 A.M., Fed Goolsbee Speech at 9:15 A.M., Export Inspections at 10:00 A.M., 3-Month & 6-Month Bill Auction […]
Jay Powell Gives Next U.S. President An Early Boost

Jay Powell Gives Next U.S. President An Early Boost

Image Source: Pexels Jerome Powell has given the next occupant of the White House an early boost. The Federal Reserve chair’s double-sized rate cut on Wednesday shows the central bank has shifted from battling rising prices to the second part of its dual mandate: the pursuit of full employment. The Fed’s actions come with a lag, meaning the expected […]