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Gold Getting A Boost From The “Debasement Trade”

Gold Getting A Boost From The “Debasement Trade”

Image Source: Unsplash Gold is being boosted by a “debasement trade”, and according to JPMorgan analysts, this dynamic “may have legs.”Gold has been pushed to record highs in recent weeks. A weakening dollar and lower real bond yields have created tailwinds for the yellow metal. However, according to a team of JPMorgan strategists led by Nikolaos Panigirtzoglou, […]
Markets Are Shocked By The Hot Job Report

Markets Are Shocked By The Hot Job Report

Image Source: Unsplash The September job report shocked the market.Video Length: 00:11:09More By This Author:Stocks Stall Out Before The September Jobs Report Stocks Finish Flat As The Bears Take The Day Off Stocks Tumble As Technology Sector Is Battered
Stocks Choppy Despite ‘Soft Landing’ Signals

Stocks Choppy Despite ‘Soft Landing’ Signals

Stocks are volatile this morning, as the initial pop from this morning’s outstanding jobs report wears off. Even though investors are cheering the robust labor market and falling unemployment rate, there are still geopolitical tensions, red-hot crude prices, and rising bond yields to grapple with.The Dow Jones Industrial Average (DJI) is just above breakeven at last check, […]
Bitwise files for Bitcoin and Treasuries rotation ETF

Bitwise files for Bitcoin and Treasuries rotation ETF

Key Takeaways Bitwise’s new ETF strategies will rotate between crypto and US Treasuries based on market trends. The Trendwise strategies use a proprietary signal based on the 10- and 20-day EMA of crypto assets. Share this article Bitwise Asset Management announced today it filed to convert its Bitcoin and Ethereum futures ETFs into trend-following strategies […]
Delta Gains Access To 9 Saudi Cities In Global Expansion Push, Stock Gains

Delta Gains Access To 9 Saudi Cities In Global Expansion Push, Stock Gains

Image courtesy of 123rf.com Delta Air Lines (NYSE: DAL) is making significant strides in expanding its global footprint, particularly in the Middle East, through new partnerships with Saudi Arabian airlines. The Atlanta-based carrier recently announced a codeshare agreement with Saudia Airlines and a strategic cooperation with the upcoming Riyadh Air, set to launch in 2025. These moves […]
The BLS Reports Jobs Rebounded More Than Expected In September

The BLS Reports Jobs Rebounded More Than Expected In September

The BLS reports payroll employment rises by 254,000 in September. I discuss two reasons the report is suspect. Data from the BLS, chart by Mish Jobs vs Employment From September 2020 through early 2022, nonfarm payroll job gains and full time employment changes tracked together.Starting around March of 2022, a divergence between employment and jobs became […]
USD/CAD Jumps To Near 1.3600 As US NFP Beats Estimates

USD/CAD Jumps To Near 1.3600 As US NFP Beats Estimates

The USD/CAD pair climbs to near the round-level resistance of 1.3600 in Friday’s New York session. The Loonie asset strengthens as the United States (US) Nonfarm Payrolls (NFP) report showed that labor demand remained robust and the wage growth accelerated in September, which has prompted a sharp upside move in the US Dollar (USD).The US NFP report showed […]
Again I Say Breaking, But Not Breaking

Again I Say Breaking, But Not Breaking

S&P 500 peeked below 5,735 a few times yesterday, but selling stampede didn‘t happen. Retreating rate cut odds (75bp more cuts in 2024 are down to 10% from 29% a week ago) are though what‘s been sending down long-dated Treasuries, and I first advised of their troubles ahead before Sep FOMC.And how did the NVDA […]
Spotify Technology S.A. Stocks Elliott Wave Technical Analysis – Friday, October 4

Spotify Technology S.A. Stocks Elliott Wave Technical Analysis – Friday, October 4

SPOT Elliott Wave Analysis Trading Lounge Daily Chart,Spotify Technology S.A., (SPOT) Daily ChartSPOT Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave 5DIRECTION: Completion in wave 5DETAILS: We are now trading within MinorGroup2 of 300$, specifically around 372$ and 380$. Looking for further upside within wave 5 towards the next TradingLevel at 500$. Spotify Technology S.A.,(SPOT) 1H ChartSPOT Elliott […]
Surging US Jobs Suggests The Fed Needs To Tread Carefully

Surging US Jobs Suggests The Fed Needs To Tread Carefully

The US jobs report was incredibly strong on every front possible – job creation, unemployment, wages and hours worked. Nonetheless, caution lingers given the lack of corroborating data. While the inflation backdrop is allowing the Fed to start moving monetary policy back to neutral, we think it will be in 25bp incremements, not the 50bp […]