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Household Balance Sheets Are In Good Shape

Household Balance Sheets Are In Good Shape

One of my fundamentals-based systems for monitoring the economy is to look at the health of household balance sheets.Most recessions happen when consumers are under stress. If real wages are growing, if assets that can be leveraged or cashed in (mortgage payments, home equity, stocks) are increasing in value, if monthly debt payments are not […]
Canary Capital files for Litecoin ETF with SEC filing

Canary Capital files for Litecoin ETF with SEC filing

Key Takeaways Canary Capital’s Litecoin ETF aims to simplify investor access to Litecoin. The ETF will secure Litecoin in cold storage to minimize security risks. Share this article Canary Capital has officially filed for a Litecoin ETF with the SEC, following its recent submission for an XRP ETF earlier this month. According to Canary Capital, the […]
Clash Of Titans: Diverging Global And Emerging Market Mid-Year Active Performance

Clash Of Titans: Diverging Global And Emerging Market Mid-Year Active Performance

Much of recent market commentary has been focused on market concentration concerns,1 thanks to the dominance of mega-cap stocks in the U.S., with the S&P 500® Top 50 outperforming the S&P 500 by 5% for the 12 months ending in September 2024.But as we’ve noted in our inaugural SPIVA® Global Mid-Year 2024 Scorecard, concentration trends can manifest at a broader level than individual securities, […]
NFLX: How Does The Long Term Outlook Look Ahead Of Earnings

NFLX: How Does The Long Term Outlook Look Ahead Of Earnings

Image courtesy of 123rf.com On Thursday, Netflix (NASDAQ: NFLX) will deliver its Q3 2024 earnings report ending September. Per Zacks Investment Research, the expected earnings per share forecast for the streaming platform is $5.09 EPS. Compared to the year-ago quarter’s $3.73 EPS, this would constitute a 34.6% increase.Presently priced at $706.71, NFLX stock is up 51% […]
Stocks Cool Off As Nasdaq Sheds Triple Digits

Stocks Cool Off As Nasdaq Sheds Triple Digits

Stocks are cooling off today, as profit taking and lackluster earnings trip up Wall Street. The Dow Jones Industrial Average (DJI) is firmly in the red but off its session lows, weighed down by a post-earnings plummet from UnitedHealth (UNH). The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) both lower as well, the latter off by […]
Poland Now Holds More Gold Than Great Britain

Poland Now Holds More Gold Than Great Britain

By Mike MaharreyPoland has joined an elite club.The country has increased its gold reserves to over 400 tons.According to National Bank of Poland Governor Adam Glapiński, the county holds 420 tons of gold “on behalf of all Poles.”Glapiński noted that Poland “has thus entered the exclusive club of the world’s largest gold reserve holders.”Only 10 […]
Trump-backed WLFI token sale falls short, raising just $5 million in first hour

Trump-backed WLFI token sale falls short, raising just $5 million in first hour

Key Takeaways Trump-backed WLFI token sale underperforms despite 344 million tokens sold. WLFI aims for a $1.5 billion valuation on Ethereum. Share this article The Trump family-backed World Liberty Financial (WLF) token sale launched earlier today, raising only $5.5 million in its first hour. Over 344 million WLFI tokens were sold to nearly 2,900 wallets during […]
Bitcoin inches toward $68,000 following BlackRock’s CEO crypto endorsement

Bitcoin inches toward $68,000 following BlackRock’s CEO crypto endorsement

Key Takeaways Bitcoin has surged past $67,000, only 8% away from its all-time high. BlackRock CEO compares Bitcoin to gold, endorsing it as a viable asset class. Share this article Bitcoin hit a high of $67,800 in the last few minutes, edging closer to the $68,000 and being only 8% away from its record high […]
Sensex Today Ends 152 Points Lower; Nifty Below 25,100

Sensex Today Ends 152 Points Lower; Nifty Below 25,100

After opening the day higher, Indian benchmark indices gave up the gains as the session progressed and ended the day on negative note.Benchmark equity indices BSE Sensex and NSE Nifty50 pared the early gains to settle in the negative territory on Tuesday.At the closing bell, the BSE Sensex stood lower by 152 points (down 0.2%).Meanwhile, the NSE Nifty closed […]
Elliott Wave Technical Analysis – Grasim Industries

Elliott Wave Technical Analysis – Grasim Industries

GRASIM INDUSTRIES – GRASIM (1D Chart) Elliott Wave Technical AnalysisFunction: Larger Degree trend Higher (Intermediate degree, orange. Wave (5))Mode: MotiveStructure: ImpulsePosition: Minute Wave ((iii)) NavyDetails: Minute Wave ((iii)) Navy of Minor Wave 5 Grey progressing higher within Intermediate Wave (5) Orange against 2490. Alternatively, Wave (5) Orange is complete above 2900.Invalidation point: 2490Grasim Industries Daily Chart […]