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China Announces Additional Stimulus Measures To Shore Up Economic Growth

China Announces Additional Stimulus Measures To Shore Up Economic Growth

On the latest edition of Market Week in Review, Chief Investment Strategist for North America, Paul Eitelman, discussed the details surrounding China’s latest stimulus announcements. He also reviewed early U.S. third-quarter earnings results as well as the latest U.S. macroeconomic data. China unveils more stimulus Eitelman began by noting that China’s Ministry of Finance (MoF) […]
SEC gives green light to NYSE and CBOE for spot Bitcoin ETF options trading

SEC gives green light to NYSE and CBOE for spot Bitcoin ETF options trading

Key Takeaways SEC’s approval for NYSE and CBOE Bitcoin ETF options could reshape crypto derivatives trading. New position and exercise limits aim to prevent market manipulation in Bitcoin ETF options trading. Share this article The SEC has approved options trading on Bitcoin ETFs listed on both the New York Stock Exchange and the Chicago Board […]
How Difficult Is It To Take TSMC’s Market Share? Samsung Learns The Hard Way

How Difficult Is It To Take TSMC’s Market Share? Samsung Learns The Hard Way

Image Source: Unsplash Samsung Electronics, in a move that has exposed the company’s manufacturing issues, has asked ASML Holdings to postpone the dispatch of equipment for its new factory in Texas.The company has yet to acquire enough customers for its project to make operating the factory worth its while.The company is desperately looking for customers for […]
Investing In Silver And Silver Mining Stocks

Investing In Silver And Silver Mining Stocks

Image Source: Pixabay Silver has long been regarded as a valuable commodity for investors seeking to diversify their portfolios, particularly during times of economic uncertainty. Often dubbed “poor man’s gold,” silver serves as both an industrial metal and a safe-haven asset, providing a unique blend of utility and stability. In addition to physical silver, many investors […]
Should Investors Buy The Dip On This Warren Buffett Stock?

Should Investors Buy The Dip On This Warren Buffett Stock?

  ↵Image Source: Unsplash Ally Financial (NYSE: ALLY) was trending lower on Friday despite the online bank reported solid earnings in the third quarter that beat estimates.Ally Financial, a leading auto lender, posted $2.1 billion in revenue in the third quarter, which was up about 2% compared to the same quarter a year ago and topped estimates of $2.04 billion.Net […]
Election Risks Are Fading – Here’s What That Means

Election Risks Are Fading – Here’s What That Means

  ↵Image Source: Unsplash The VIX, which had been mostly stuck above 20, is falling fast – 18 and heading south. Inflation looks like it might be ready for a comeback, but that seems like the furthest thing from traders’ minds.They’re fixated on the election in a little more than two weeks, and they see risk fading […]
Stocks And Precious Metals Charts – Rally Mode For Equities

Stocks And Precious Metals Charts – Rally Mode For Equities

It was rally mode today for equities.They were certainly not cowed by the anniversary of Black Monday in October 1987.Even more impressive, gold and silver both broke out of resistance and ran higher.It was in the charts. It’s just hard to believe when it actually happens.VIX fell.The Dollar did an all day decline, sans chop.All in all, […]
Dow, S&P 500 Log Longest Weekly Win Streaks Of 2024

Dow, S&P 500 Log Longest Weekly Win Streaks Of 2024

Stocks finished the day higher, with the Nasdaq rising triple-digits for its third-straight daily gain with help from Netflix’s (NFLX) post-earnings pop. For the week, all three benchmarks notched their sixth consecutive weekly gains, marking the Dow and S&P 500’s longest weekly win streaks since December. Both benchmarks also continued their record runs, closing at all-time highs. […]
It’s Almost As If Some People Were Rooting For Recession

It’s Almost As If Some People Were Rooting For Recession

Back on August 30, I wrote: EJ Antoni (Heritage) is dubious about GDPNow’s (and other nowcasts) regarding Q3 growth. From X aka Twitter today: “Latest Q3 Nowcasts: ATL 2.5% (2.0% prev) NY 2.49% (1.94 prev) STL 2.05% (1.65 prev) It’s going to take stellar consumer spending numbers for Aug and Sep to make this a reality:” Well, here’s […]
Ghana Launches Gold Coin To Boost Savings, Soak Up Excess Liquidity 
                    
Africans Increasingly Turning to Gold

Ghana Launches Gold Coin To Boost Savings, Soak Up Excess Liquidity Africans Increasingly Turning to Gold

 Ghana has introduced a gold coin in an effort to boost savings and manage money-market liquidity.According to Bank of Ghana Governor Ernest Addison, the coin will be refined to 99.99 percent purity and will come in 1-ounce, half-ounce, and quarter-ounce sizes.”This initiative is a testament to our unwavering commitment to deepen financial markets by offering […]