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Canary Capital Filed For A Spot Solana ETF In The United States

Canary Capital Filed For A Spot Solana ETF In The United States

Image Source: Pexels Canary Capital filed for a spot Solana ETF in the United States. It is their third filing for a spot crypto ETF after applying for both XRP and Litecoin ETFs in October.The firm did not disclose who would be the custodian for SOL. However, it did state the price would be tracked via the Chicago […]
FTSE Ending The Month In The Red, Investors Vote With Their Feet On UK Budget

FTSE Ending The Month In The Red, Investors Vote With Their Feet On UK Budget

Image Source: Pixabay The UK’s benchmark stock indexes declined on Thursday and were poised to end the month with substantial losses as investors lost optimism about more significant rate cuts over the next year, while Shell surged after exceeding profit forecasts. The blue-chip FTSE 100 skidded 0.88% into the close, reaching its lowest point since Aug. […]
Eurozone Inflation Up To 2% In October As Unemployment Hits New Record Low

Eurozone Inflation Up To 2% In October As Unemployment Hits New Record Low

The eurozone’s inflation rate increased more than expected, with core inflation stable at 2.7%. The direction of incoming data in the region is not quite clear, which provides the ECB with confusing signals for the path of rate cuts.Image Source: Pixabay Inflation ticked up slightly more than expected in October, mainly on energy and food prices. […]
S&P 500 Earnings Dashboard 24Q3 – Thursday, Oct. 31

S&P 500 Earnings Dashboard 24Q3 – Thursday, Oct. 31

Image Source: Pexels S&P 500 Aggregate Estimates and Revisions 24Q3 Y/Y earnings are expected to be 7.4%. Excluding the energy sector, the Y/Y earnings estimate is 10.1%. Of the 324 companies in the S&P 500 that have reported earnings to date for 24Q3, 77.2% reported above analyst expectations. This compares to a long-term average of 66.9%. The 24Q3 Y/Y blended revenue growth estimate is 4.8%. If the energy sector is […]
September Personal Income And Spending: Another Positive Report Across The Board

September Personal Income And Spending: Another Positive Report Across The Board

The monthly personal income and spending report is now the most important report of all, except for jobs. That’s becuase it tells us so much about the state of the consumer economy. It is the raw material for several important coincident indicators that the NBER looks at, as well as several leading indicators on the […]
Uniswap users can now buy crypto using Venmo via MoonPay

Uniswap users can now buy crypto using Venmo via MoonPay

Key Takeaways Uniswap now allows users to buy crypto using Venmo through MoonPay on its platform. The integration taps into Venmo’s 60 million active users, enhancing access to DeFi. Share this article Uniswap Labs has introduced a new way for users to buy crypto using their Venmo balance via MoonPay on its Web platform and […]
EUR/USD Double Bottom Breakout Begins

EUR/USD Double Bottom Breakout Begins

Image Source: Unsplash A bullish double bottom reversal pattern triggered in the EUR/USD on Wednesday indicating a potential change in trend. During Thursday’s session strength was confirmed with a breakout above both Wednesday’s high and the 200-Day MA at 1.0870, thereby preparing the stage for a continuation higher. Whether that happens before or after a pullback […]
Will Bearish Pattern Take Semiconductors (And The Stock Market) Lower?

Will Bearish Pattern Take Semiconductors (And The Stock Market) Lower?

Image Source: Unsplash Over the course of the 15 year bull market, investors have seen important pockets of leadership emerge.And, as we have highlighted several times, leadership has come in large part due to tech stocks and, more specifically, semiconductor stocks.Today we highlight a pattern that could be pointing to weakness in leadership.Below is a “weekly” performance […]
Corn Bulls And Bears Continue To Duke It Out. The Corn & Ethanol Report

Corn Bulls And Bears Continue To Duke It Out. The Corn & Ethanol Report

We kicked off the day with Challenger Job Cuts at 6:30 A.M., Core PCE Price Index MoM, Personal Income MoM, Personal Spending MoM, Employment Cost-Benefits QoQ, Employment Cost-Wages QoQ, Employment Cost Index QoQ, Export Sales, Initial Jobless Claims, PCE Price Index MoM & YoY, Continuing Jobless Claims, Core PCE Price Index YoY, and Jobless Claims […]
Big Tech Earnings Trigger Stock Market Selloff

Big Tech Earnings Trigger Stock Market Selloff

Despite an upbeat jobs report and an in-line personal consumption expenditures (PCE) price index reading, stocks are selling off today. The Dow Jones Industrial Average (DJI) and Nasdaq Composite (IXIC) are suffering more than 350- and 400-point drops, respectively, the former eyeing its eighth drop in nine sessions and the latter on track for its worst daily […]