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Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, Oct 8

Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, Oct 8

Image Source: PexelsThe Elliott Wave pattern as left on Monday, did not follow through as I had expected. Fortunately, before the opening I recognized what was going on and made the labeling changes. That then is what is reflected on Tuesday’s Update. Both the NQ and the ES remain in the process of putting in a […]
This Perfect Pullback Could Be Easy Money On Wednesday

This Perfect Pullback Could Be Easy Money On Wednesday

Image Source: Pixabay Wow, what a wild couple days!  Buyers pulled off a miracle and defended against the bearish reversal with a BIG MOVE higher of their own today!Now everyone’s looking for a pullback, and this *PERFECT PULLBACK* Could be one of the easiest profits of the week!Anytime I see a BIG MOVE like this, there […]
Peter Todd revealed as Satoshi Nakamoto in HBO’s documentary

Peter Todd revealed as Satoshi Nakamoto in HBO’s documentary

Key Takeaways HBO’s documentary names Peter Todd as a potential Satoshi Nakamoto. Peter Todd denies claims of being Bitcoin’s creator in a recent interview. Share this article The HBO documentary Money Electric: The Bitcoin Mystery has identified Peter Todd, a notable cryptographer and influential Bitcoin developer, as the elusive creator of Bitcoin, Satoshi Nakamoto. The documentary […]
Financial Markets Report For Tuesday, Oct 8

Financial Markets Report For Tuesday, Oct 8

Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Tuesday, October 8.Video Length: 00:16:38More By This Author:SPDR ETF Report For Monday, Oct 7Financial Markets Report For Monday, Oct 7Metal Markets Report For Friday, Oct 4
It’s All About Jobs Now

It’s All About Jobs Now

Image Source: Pixabay Core PCE inflation rose 2.7% year-on-year in September. Job Openings unexpectedly soared, puzzling traders. Fed rate cuts could face adjustment based on labor trends. At the end of September, we got the latest update on Core PCE, the Fed’s preferred inflation measure.The year-on-year release ticked up a touch, as expected, coming in at […]
China Fizzles As The U.S. Sizzles

China Fizzles As The U.S. Sizzles

Image Source: UnsplashMARKETSDespite the fizzled response to China’s post-Golden Week return, Wall Street sizzled back into action on Tuesday, fueling a solid rally with investors breathing a sigh of relief. The Fed’s recent signal that inflation is cooling enough to keep the rate-cut path intact boosted market confidence. With the U.S. jobs engine holding steady, traders […]
Discord access restricted in Turkey after Russian ban

Discord access restricted in Turkey after Russian ban

Key Takeaways Turkey’s ban on Discord was influenced by similar actions in Russia and concerns over child safety. The ban could negatively affect the operational efficiency of crypto projects relying on Discord. Share this article Turkey has banned Discord, mere hours after Russia’s communications watchdog, Roskomnadzor, blocked the messaging platform due to non-compliance with content […]
No Recession In 2022H1: Edition MMMXXVII

No Recession In 2022H1: Edition MMMXXVII

Image Source: PexelsReader Steven Kopits writes: Two down quarters in 2021. Typical definition of a recession. I don’t believe I have declared a recession since. No negative quarters in 2021. I think Mr. Kopits meant 2022. No two consecutive quarters of growth in 2022 (which was Mr. Kopits’ assertion, as late as January 2023, after repeated declarations).Here the data, […]
Conor Sen On Fed Policy

Conor Sen On Fed Policy

Image Source: PexelsMatt Yglesias recently directed me to this tweet:Conor Sen may well be correct about the need for further rate cuts. But I worry about a Fed policy that focuses more on the unemployment rate than the GDP growth rate. (Sen may have been referring to real GDP growth, but I’ll focus on NGDP growth, which […]
Canadian Dollar Falls Further As Canadian Trade Balance Contracts

Canadian Dollar Falls Further As Canadian Trade Balance Contracts

Photo by Michelle Spollen on Unsplash The Canadian Dollar lost another quarter percent on Tuesday. Canada saw a steeper-than-expected contraction in trade balance figures. Fed Meeting Minutes to reveal further details about Fed’s latest rate moves. The Canadian Dollar (CAD) shed another quarter of a percent against the Greenback on Tuesday, trimming lower slipping back against the US […]