October 2024 - Page 232 of 244 -

Congressman Khanna backs Bitcoin strategic reserve as Democrats seek a ‘crypto reset’

Oct 02, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Bipartisan support emerges for using seized Bitcoin as a US strategic reserve. Proposal likened to Louisiana Purchase, highlighting its potential impact. Share this article Support for a strategic Bitcoin reserve is gaining bipartisan momentum, as lawmakers recognize Bitcoin’s potential as a national asset, Forbes reports. US representative from California Ro Khanna threw his […]

Why U.S. Oil Production Is Up 6.5% In 2024

Oct 02, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay According to the latest Weekly Petroleum Status Report from the U.S. Energy Information Administration, year-to-date daily average oil production is 13.2 million barrels per day. That is 6.5% higher than last year’s record production of 12.5 million BPD.This ongoing growth in U.S. oil output remains a key driver of the global energy market. U.S. crude […]

Are Manufacturing And Construction In A Synchronous Downturn? If So, That’s Trouble

Oct 02, 2024 Jeremy Parkinson Finance 0

I wanted to follow up on a point I made yesterday: although manufacturing is no longer a big enough slice of the US economy to bring about an economic downturn on its own – unless for some reason the manufacturing downturn were unusually severe – when it is paired with a downturn in construction, that […]

Caterpillar Inc. Elliott Wave Technical Analysis

Oct 02, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: caterpillar.com CAT Elliott Wave Analysis Trading Lounge Daily Chart,Caterpillar Inc., (CAT) Daily ChartCAT Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minute {iii}.DIRECTION: Upside into wave (v) of {iii}.DETAILS: Looking for continuation higher within wave {iii}, which could eventually reach 500$. CAT Elliott Wave Analysis Trading Lounge 1H Chart,Caterpillar Inc., (CAT) 1H ChartCAT Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: […]

Jobs Have Completely Stopped Hiring

Oct 02, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Jay Powell again reiterated that he believes the economy is “on solid footing.” The most recent data on the labor market shows he’s either wrong or lying. There is no equivocating these latest estimates in which hiring has collapsed. As if that wasn’t enough, it was backed up by other sources. All of […]

A Crystal Ball Isn’t Enough: The Importance Of Context

Oct 02, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay On September 18, 2024, the headlines read the Fed cut the Fed Funds rate by 50 basis points. At first blush, one would think that a trader with a crystal ball a couple of days before the Fed action would buy bonds and lick their chops over the money they would soon make. […]

Here’s How To Get A Secret 15% Dividend From Google

Oct 02, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Today I continue what I have been calling my dogfight series, pitting two single-stock covered call ETFs, using the same underlying stock, against each other.YieldMax invented the single-stock covered call ETF in 2023. It now has 25 of these ETFs covering different popular stocks. And in October 2023, Kurv funds launched six single-stock […]

Morgan Stanley Chart Analysis

Oct 02, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels Bob Lang gives technical analysis of the stock chart for MS.Audio Length: 00:02:55More By This Author:How Options Trading Leverage Works Cash And Risk Management Work TogetherVisa Inc. Chart Analysis

Total Return Forecasts: Major Asset Classes – Wednesday, Oct. 2

Oct 02, 2024 Jeremy Parkinson Finance 0

The long-term performance forecast for the Global Market Index (GMI) continued to edge lower in September. Today’s revised estimate marks the third straight month of decline for GMI, an unmanaged benchmark that holds all the major asset classes (except cash) according to market weights via a set of ETF proxies.GMI’s long-term estimate slipped to an annualized 6.7% […]

Cathie Wood doubles down on OpenAI with $250 million investment

Oct 02, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Cathie Wood’s Ark Venture invests $250 million in OpenAI’s $6.6 billion funding round. OpenAI now valued at $157 billion after massive funding boost. Share this article Cathie Wood’s Ark Venture Fund has committed to investing at least $250 million in OpenAI’s latest funding round, according to a report by Business Insider. Ark’s second […]