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Stocks Extending October Slump As Oil, VIX Pop

Stocks Extending October Slump As Oil, VIX Pop

October has been a dud for stocks so far, and today is shaping up to be no different. The Dow Jones Industrial Average (DJI) is down over 170 points this afternoon, while the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) hover around breakeven.Escalation between Israel and Iran is dampening investor sentiment while driving oil […]
Iran-Israel crisis could drive investors with ‘debasement trade’ favoring Bitcoin and gold — JPMorgan

Iran-Israel crisis could drive investors with ‘debasement trade’ favoring Bitcoin and gold — JPMorgan

Key Takeaways Gold prices have surged past expectations due to a weakening dollar and falling Treasury yields. Bitcoin is expected to follow gold’s price trend despite a current negative correlation. Share this article Rising geopolitical risks and the upcoming US presidential election are pushing investors towards traditional safe-haven assets like gold, while Bitcoin faces selling […]
XAU/USD Gold Price Analysis Today: Gold Stabilizes Supported By Safe-Haven Demand

XAU/USD Gold Price Analysis Today: Gold Stabilizes Supported By Safe-Haven Demand

Gold prices stabilized around $2,655 per ounce today, Thursday, remaining relatively close to their all-time highs as the escalating crisis in the Middle East continues to bolster the metal’s appeal as a safe haven. Earlier this week, Iran launched a missile attack on Israel, prompting Israel to intensify strikes across the Middle East and vow […]
Grayscale Investments adds Aave trust to its crypto product suit

Grayscale Investments adds Aave trust to its crypto product suit

Key Takeaways Grayscale’s Aave Trust offers a novel approach to investing in decentralized finance. Aave’s platform leads in crypto lending with significant total value locked. Share this article Grayscale announced today it is launching the Grayscale Aave Trust, a new investment product that provides investors with access to AAVE, the governance token for Aave’s platform.The […]
Bear Of The Day – Dollar General (DG)

Bear Of The Day – Dollar General (DG)

Dollar General, one of the largest and well-known discount retailers, provides various merchandise in the southern, midwestern, and eastern United States. The company offers consumable products such as packaged foods and snacks, perishables like eggs and bread, and alcohol including beer and wine.In addition, Dollar General provides cleaning products such as paper towels, storage bags, […]
Jobless Claims Remain Low Despite 50%-Plus Surge In Job Cuts

Jobless Claims Remain Low Despite 50%-Plus Surge In Job Cuts

On the heels of a 53.4% YoY rise in job cut announcements (released by Challenger, Gray, & Christmas), initial jobless claims remain in a world of their own, rising very modestly to 225k from 219k…Source: BloombergInitial claims (SA and NSA) remain rangebound – showing absolutely ZERO indication of labor market stress…Source: BloombergContinuing claims were flat at 1.826mm […]
Small Businesses Reducing Workers For The Last Five Months

Small Businesses Reducing Workers For The Last Five Months

ADP data shows small businesses with 1-49 workers have been reducing workers for five months. The ADP Employment Report shows the economy added 143,000 private jobs in September.Importantly, a breakdown of jobs by firm size shows small businesses have now shed jobs for five months. And for the first time this year, employers with 1-19 employees shed […]
Breaking, But Not Breaking

Breaking, But Not Breaking

S&P 500 keepts in the tight range of late, well below the low 5,800s and above 5,735. Some of the bigger names are holding up, but having XLY and XLP go down by the same percentage amount yesterday, is food for thought. I can‘t chalk it all down to rotations – more seems to be […]
NextEra Energy Inc Stocks Elliott Wave Technical Analysis – Thursday, October 3

NextEra Energy Inc Stocks Elliott Wave Technical Analysis – Thursday, October 3

NEE Elliott Wave Analysis Trading LoungeNextEra Energy Inc., (NEE) Daily ChartNEE Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave 5.DIRECTION: Upside in {iii} of 5.DETAILS: We are looking at a potential upside target for wave 5 at 100$, as we are now trading above TraingLevel8 at 80$. NextEra Energy Inc., (NEE) 1H ChartNEE Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: […]
Sui, XRP Ledger, EigenLayer set to integrate Axelar’s new Mobius Development Stack

Sui, XRP Ledger, EigenLayer set to integrate Axelar’s new Mobius Development Stack

Key Takeaways Axelar’s Mobius Development Stack introduces customizable, self-service integration for web3 applications. The platform features integration with major L1 blockchains and advanced security from Babylon and EigenLayer. Share this article Axelar has officially launched the Mobius Development Stack (MDS), a platform designed to offer customizable, self-service interoperability across various blockchains, on its mainnet. Prominent […]