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Robust S&P 500 Buybacks Could Be Staring Into Interesting Dynamics Next Year

Robust S&P 500 Buybacks Could Be Staring Into Interesting Dynamics Next Year

Oct 14, 2024 Finance 0

The S&P 500 continues to break out to new – and newer – highs. Buybacks have provided a sustained tailwind, although interesting dynamics are in play for next year. Yet another week, yet another record and yet another breakout!Last Wednesday, the S&P 500 staged a fresh breakout at 5760s, followed by Thursday’s successful doji retest, […]
The Energy Report: In The Bunker – Monday, October 14

The Energy Report: In The Bunker – Monday, October 14

Oct 14, 2024 Finance, No picture 0

Oil prices are going down in the bunker with Iranian President Masoud Pezeshkian who will soon enter the “strongest bunker in the world” alongside Supreme Leader Ali Khamenei according to reports. Risk premium in oil is being reduced as Install has not bombed Iran’s nuclear facilities, yet.Iran’s leadership is scared. Israeli Broadcasting Authority: reported that […]
Global Rig Counts Show Stability With Regional Variations: Potential Mixed Impact On Crude Oil Prices

Global Rig Counts Show Stability With Regional Variations: Potential Mixed Impact On Crude Oil Prices

Oct 14, 2024 Finance 0

The rig count data provides insights into the number of active drilling rigs in each country, which can be an indicator of future crude oil production levels. Here’s a breakdown of the implications for crude oil prices based on the given data: Overall Stability with Minor Adjustments: Most countries show stable or minor changes in […]
AUD/USD Declines On Negative Outlook For Trading Neighbor China

AUD/USD Declines On Negative Outlook For Trading Neighbor China

Oct 14, 2024 Finance, No picture 0

AUD/USD manages to claw back some of its earlier losses and climbs into the 0.6730s on Monday after trading down to 0.6700 following the release of weak Chinese export data, which negatively impacted the Australian Dollar (AUD) due to the two country’s close trade ties.China Exports in September declined to 2.4% YoY from 8.4% previously and […]
NASDAQ Index Elliott Wave Technical Analysis – Monday, October 14

NASDAQ Index Elliott Wave Technical Analysis – Monday, October 14

Oct 14, 2024 Finance 0

NASDAQ Elliott Wave Analysis Trading Lounge Day ChartNASDAQ Elliott Wave Technical Analysis Function: Trend Mode: Impulsive Structure: Navy Blue Wave 3 Position: Gray Wave 3 Direction (Next Lower Degrees): Navy Blue Wave 4 Details: Navy Blue Wave 2 completed, Navy Blue Wave 3 in play Wave Cancel Invalid Level: 18,295.9 Analysis OverviewThe NASDAQ Elliott Wave analysis on the daily chart suggests the market […]
USD/JPY Analysis: Caution Amid Overbought Conditions

USD/JPY Analysis: Caution Amid Overbought Conditions

Oct 14, 2024 Finance 0

Despite US inflation figures exceeding consensus and hawkish comments from Fed policymakers failing to give the US dollar a new upward momentum, suggesting that the October rally is fading, the yen’s recent weakening. However, the Bank of Japan’s abandonment of its tightening stance have given bulls an opportunity to push the USD/JPY pair towards the […]
Dollar Firm, China Briefing Light On Details, And Its Data Remain Poor

Dollar Firm, China Briefing Light On Details, And Its Data Remain Poor

Oct 14, 2024 Finance 0

Image Source: DepositPhotosBusiness travel will prevent the updating of the blog in the coming days.  It resumes October 19 with the Week Ahead.  Overview:  The lack of details from China’s fiscal briefing, the soft CPI (and deeper PPI deflation), and a smaller than expected trade surplus did not prevent Chinese equities from advancing (CSI 300 +1.9%). […]
Bitcoin breaks $65,000 level, altcoins eye “up-only” season

Bitcoin breaks $65,000 level, altcoins eye “up-only” season

Oct 14, 2024 Cryptocurrency, No picture 0

Key Takeaways Bitcoin broke the $65,000 mark, reflecting a robust uptrend influenced by global economic factors. Major gains in Solana-based memecoins signal a broader altcoin market rally. Share this article The price of Bitcoin surged past $65,000 on Monday after breaking through the $64,000 mark and extending its rally to $64,800, according to data from […]
The Impact Of AI On Business Decision-Making: Insights And Strategies

The Impact Of AI On Business Decision-Making: Insights And Strategies

Oct 14, 2024 Finance, No picture 0

Making the right decisions in business is more challenging than ever. With so much data to sift through, it’s easy to feel overwhelmed.I’ve been there—spending hours analyzing reports, only to second-guess my choices later. It’s frustrating and time-consuming. And in today’s fast-paced world, 46% of business owners, like you and me, are turning to AI […]
S&P 500 Reaches New Height As Bank Profits Propel Market Upward

S&P 500 Reaches New Height As Bank Profits Propel Market Upward

Oct 14, 2024 Finance, No picture 0

The S&P 500 (Index: SPX) reached a new height to mark the end of the second week of October 2024. The index closed at a new all time record high of 5,815.03 on Friday, 11 October 2024, a 1.1% increase over where it closed in the previous week.Most of that week-over-week gain came on Friday as both JP […]