Archives by Month:

Archives by Year:

Bitcoin To Follow U.S. Stock Market All-Time High

Bitcoin To Follow U.S. Stock Market All-Time High

Image Source: Unsplash After the Federal Reserve cut interest rates by 50 basis points, the markets rallied strongly on the event. The S&P 500 posted a new all-time high, and Bitcoin (BTC) surged more than $4,000. Will BTC now follow U.S. stocks and make its own all-time high?  Further potential growth across all markets After the […]
Gold Lackluster After Fed

Gold Lackluster After Fed

Image Source: Unsplash Gold’s reaction to the most-dovish Fed decision in years proved lackluster. Plenty of traders thought gold would surge after an outsized rate cut birthing a new cutting cycle. And with top Fed officials projecting many more cuts, it is going to be big. Gold did rally initially on that revelation, but quickly reversed […]
A Soft Landing Is Fully Priced In

A Soft Landing Is Fully Priced In

The S&P broke out to new all time highs Thursday in the wake of the Fed’s 50 basis point cut to the Federal Funds Rate on Wednesday. While it is consolidating a bit today (Friday), as long as it stays above the breakout level of around 5,670 the bulls are in control.One way to articulate […]
S&P 500 Earnings Dashboard 24Q2 – Friday, Sep. 20

S&P 500 Earnings Dashboard 24Q2 – Friday, Sep. 20

Image Source: Unsplash S&P 500 Aggregate Estimates and Revisions 24Q2 Y/Y earnings are expected to be 13.0%. Excluding the energy sector, the Y/Y earnings estimate is 13.8%. Of the 499 companies in the S&P 500 that have reported earnings to date for 24Q2, 79.2% reported above analyst expectations. This compares to a long-term average of 66%. The 24Q2 Y/Y blended revenue growth estimate is 5.5%. If the energy sector is […]
Dr. Reddy’s Laboratories – Elliott Wave Technical Analysis

Dr. Reddy’s Laboratories – Elliott Wave Technical Analysis

DR REDDY’S LABORATORIES (RDY) – DRREDDY (1D Chart) Elliott Wave Technical AnalysisFunction: Counter Trend (Minor degree, Grey) Mode: Corrective Structure: Zigzag/Flat unfolding Position: Impulse drop complete at Minuette Degree. Not labelled Details: A Minuette impulse wave looks complete within Minor Wave 4 Grey against 7110-20 mark. If correct, expect slight pullback higher before turning lower again.Invalidation point: 7110-20Dr Reddy’s Laboratories Daily […]
GDP Nowcasts Still Indicate Low Recession Risk For U.S. In Q3

GDP Nowcasts Still Indicate Low Recession Risk For U.S. In Q3

US economic activity remains on track to post a softer but still-solid growth rate in next month’s official GDP report for the third quarter. The analysis is based on the median estimate from several estimates compiled by CapitalSpectator.com.Today’s revised median estimate ticked up to a 2.6% real annualized rate for Q3. That slightly higher than […]
Gold Boosted By Falling Interest Rates And Double Deficit-Debt Record In The U.S.

Gold Boosted By Falling Interest Rates And Double Deficit-Debt Record In The U.S.

The United States has just set two new world records: one for its debt, the other for its deficit.Let’s begin by analyzing the country’s latest debt figures.Total U.S. debt (public and private combined) now exceeds $35 trillion: The vast majority of U.S. debt is held domestically, while the share held by foreign entities is declining […]
FTSE Fading From Two Week Highs As Pound Weighs

FTSE Fading From Two Week Highs As Pound Weighs

Image Source: Pexels Friday saw a dip in UK equities while the British pound strengthened. However, the stock index was expected to post weekly gains due to an increase in global risk appetite following the significant rate cut by the U.S. Federal Reserve. Due to the pressure from the strengthening British pound on export-orientated businesses, the […]
Triple-Witch Says, “Remember Me?”

Triple-Witch Says, “Remember Me?”

Image Source: Unsplash For a good portion of my life, I avoided taking vacation days on the third Friday of a month.Options expired on a monthly basis, typically on those third Fridays, and the concentration of expiring options had the potential to increase volatility, both in the market as a whole and for our proprietary positions.And […]
SOL Price Surges Following Key Announcements At Solana Breakpoint 2024

SOL Price Surges Following Key Announcements At Solana Breakpoint 2024

Image Source: Pexels Solana (SOL) has surged by over 5% today, hitting a high of $151.54, following significant announcements made during the Solana Breakpoint 2024 event, which just kicked off in Singapore.Today’s SOL price surge follows the breakout that occurred on September 18 after a period of consolidation between $124 and $139.As institutional interest grows, particularly from financial […]