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Late Sell Offs Leave A Nasty Taste In The Mouth

Late Sell Offs Leave A Nasty Taste In The Mouth

Markets started brightly but that was it, heading into the final hour of trading it turned into a bit of a freefall. The Russell 2000 (IWM) took the worst of the pain, leaving behind a very bearish looking inverse “hammer”. There are prior ‘sell’ triggers in the MACD and On-Balance-Volume, along with an underperformance against […]
Stocks And Precious Metals Charts – Reasonable Support Level

Stocks And Precious Metals Charts – Reasonable Support Level

Today we saw one of those days that often follow on a precious metals futures option expiration, in which those who are holding newly issued contracts as a result of their ‘in the money calls’ are subjected to a test of their resolve—commonly referred to as a gut check.And in general we have now moved to […]
Meta Beats On Revenue, Misses On Ad Impressions, Raises CapEx Forecast; Stock Falls As Everyone Is Already Long

Meta Beats On Revenue, Misses On Ad Impressions, Raises CapEx Forecast; Stock Falls As Everyone Is Already Long

Image Source: Pixabay After two stellar Mag 7 earnings (TSLA and GOOGL) in the past week to kick of Q3 megacap tech reports, investors were hoping that the streak would continue when MSFT and META reported after the close (preview here). And while MSFT appears to have succeeded in also beating estimates (its stock is rising […]
3 Crypto Stocks To Look Out For As Bitcoin Continues To Gain

3 Crypto Stocks To Look Out For As Bitcoin Continues To Gain

Image courtesy of 123rf.com During the US presidential campaign, Bitcoin (BTC) took an unusually large public spotlight. While former President Trump even appeared at the Bitcoin 2024 conference, promising to fire Gary Gensler and make America “the Bitcoin superpower,” no such commitments were made from VP Kamala Harris.On the contrary, Harris hinted at taxing unrealized capital […]
The Real Estate Problem

The Real Estate Problem

Image Source: Unsplash Weakness in residential real estate is impacting the economy.Video Length: 00:08:28More By This Author:Irrational Exuberance Redux? Weekly Recap & DARP Update – Friday, Oct. 25 Extreme Credit Spreads
These Patterns Point To Gold Hitting $2,900, Silver $40 Imminently

These Patterns Point To Gold Hitting $2,900, Silver $40 Imminently

 Both gold and silver are in the process of breaking out of bull flag patterns, which indicate sharp gains in the near future. Here’s what you need to know…Gold and silver had an impressive day, with gold rising 1.18% to a record high of $2,775 and silver climbing 2.33% to close at $34.46. Yesterday’s strong performance in […]
Microsoft Shares Crater On Azure, Intelligent Cloud Growth Guidance

Microsoft Shares Crater On Azure, Intelligent Cloud Growth Guidance

Image Source: Pixabay Microsoft shares slipped lower during the earnings call, then plunged, after releasing their guidance for the Intelligent Cloud and Azure business segments – which showed slowing growth…*MICROSOFT: 2Q AZURE SALES TO GROW 31% – 32% *MICROSOFT: 2Q INTELLIGENT CLOUD SALES TO BE $25.55B -$25.85B Additionally, this caught some people’s attention: *MICROSOFT TO REPORT 2Q LOSS IN […]
US Treasury see stablecoins driving ‘structural demand’ for T-bills

US Treasury see stablecoins driving ‘structural demand’ for T-bills

Key Takeaways Stablecoin collateral now accounts for around $120 billion in US Treasury holdings. Potential risks remain due to the stablecoin sector’s dependency on T-bills. Share this article The US Treasury, in a presentation to the Treasury Borrowing Advisory Committee (TBAC), outlined how the growth of stablecoins could reshape demand for Treasury bills, potentially altering […]
Will 3% Returns Be Enough? Prepare Your Portfolio Now

Will 3% Returns Be Enough? Prepare Your Portfolio Now

Image Source: Pexels Recently, Goldman Sachs shocked investors with its analysts’ stock market forecast for the next ten years. Stock returns have roared for the last decade, and investors who count on continued low-teens annual returns could be severely disappointed. More importantly, if your retirement goals and plans rely on continued excellent stock returns, you may […]
Business Cycle Indicators – GDP And Private NFP

Business Cycle Indicators – GDP And Private NFP

GDP under Bloomberg consensus of 3.0% at 2.8% (GDPNow nails it). ADP private NFP change at 233K vs. Bloomberg consensus at 110K. Figure 1: Nonfarm Payroll (NFP) employment from CES (blue), implied NFP from preliminary benchmark (bold blue), civilian employment (orange), industrial production (red), personal income excluding current transfers in Ch.2017$ (bold light green), manufacturing and […]