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Tesla’s Path To $400

Tesla’s Path To $400

Image Source: PexelsLong-time readers know I’ve been a Tesla fan since I did my over-the-top post in 2012 praising the company and its stock, when shares were borderline free. My zeal for TSLA was amped up during my brief trip to Philadelphia, when I rented a high-end luxury Mercedes electric car. It was such a disappointment. I could do a long, […]
Rates Spark: The Push And Pull Between US And EU Rates

Rates Spark: The Push And Pull Between US And EU Rates

Image Source: PexelsWe identify conflicting impulses from next week’s US election. If the betting markets are right and Trump wins, then US Treasury yields are likely primed to keep on rising. But a Trump win could at the same time pose issues for eurozone risk assets, putting a bid into Bunds. Friday’s payrolls report is pivotal […]
Gold Price Retreats As Traders Await For US Data, Heightened US Yields

Gold Price Retreats As Traders Await For US Data, Heightened US Yields

Image Source: Pixabay Gold holds just below its opening price, constrained by US 10-year Treasury yield rising to 4.272%. Traders await US Nonfarm Payrolls, Q3 GDP, and the PCE Price Index, which could influence the Fed’s policy outlook. Political and geopolitical tensions linger as election polls narrow; though Israel’s conflict with Iran woes begin to fade. […]
How To Play Mag 7 Earnings

How To Play Mag 7 Earnings

Image Source: Unsplash This is the biggest week of earnings season, with more than a third of S&P 500 companies reporting, including five of the “Magnificent 7” stocks.After a blockbuster rally in the first half of the year, big tech stocks took a breather in the third quarter but are now leading the market again. The […]
EUR/USD Flat Lines Above 1.0800 As Traders Await Fresh Catalysts

EUR/USD Flat Lines Above 1.0800 As Traders Await Fresh Catalysts

Image Source: Pixabay EUR/USD trades flat near 1.0810 in Tuesday’s early Asian session.  The rising bets that the Fed might not opt into aggressive easing might boost the USD.  ECB’s Wunsch said there is no urgency for the ECB to speed up policy easing.  The EUR/USD pair holds steady around 1.0810 on the consolidation of the US Dollar (USD) […]
Here’s What Wall St. Experts Are Saying About PayPal Ahead Of Earnings

Here’s What Wall St. Experts Are Saying About PayPal Ahead Of Earnings

Image Source: Pexels PayPal (PYPL) is scheduled to report results for its third fiscal quarter before the market opens on October 29, with a conference call scheduled for 8:00 am EDT. What to watch for: BULLISH ON PROSPECTS: On Monday, Monness Crespi raised the firm’s price target on PayPal to $110 from $95, while keeping a Buy rating on […]
Next Year Could Be Horrible For Stocks (Down 20%, Or More)

Next Year Could Be Horrible For Stocks (Down 20%, Or More)

Image Source: Pixabay It’s certainly an interesting time in the markets.The world’s major central banks have returned to cutting interest rates. Yet bond yields are rising on the long end.Meanwhile, risk on assets are in rally mode. Stocks are back at all-time highs.Yet so is gold, the grand-daddy of risk off assets.To make sense of all […]
Mortgage Rates Hit 7.0 Percent Again, Where To From Here?

Mortgage Rates Hit 7.0 Percent Again, Where To From Here?

Chart courtesy of Mortgage News Daily. Annotations by Mish.Three Technical Possibilities, One Dismissed Blue: Bull flag implying higher rates. A breakout is underway. Green: Slanted head-and-shoulders pattern, implied direction is lower rates. Red: Normal head-and-shoulders pattern, implied direction is lower rates. Discarded. We can discard the red H&S pattern because it failed. The blue and […]
Bitcoin miners accumulate as key indicator hints at price rally

Bitcoin miners accumulate as key indicator hints at price rally

Key Takeaways Bitcoin miners are accumulating BTC, indicating optimism for a price rally. The MPI remains low, suggesting miners are holding their positions for potential gains. Share this article Bitcoin miners hold as the Miner Position Index (MPI) indicator points to a potential price rally. The MPI, which tracks miners’ Bitcoin movements to exchanges, is […]
TA Monday: Is The ARKK Fund Ready To Play Nice?

TA Monday: Is The ARKK Fund Ready To Play Nice?

Considering the bull market of 2024, Cathie Wood’s ARKK fund (she has 6 ETFs) over 2 years and a lot of sideways price action, could now be a potential player.Remember, ARKK peaked in 2021 at 159.70.Then ARKK crashed to its trough at 29.43 in 2022.And while we are still not wowed by the overwhelming underperformance, […]