October 2024 - Page 61 of 244 -

Nasdaq 100 & S&P 500 Elliott Wave Update – Thursday, Oct 24

Oct 24, 2024 Jeremy Parkinson Finance 0

Image Source: PexelsThere isn’t much to be adding to the current picture. Both the ES and NQ continue to follow the prescribed Elliott paths and those being the beginning stages of the minute 5th waves. I update today’s trade and discuss the two possible paths the markets can talk tomorrow. Expectations remain for the minute 5th […]

US government may fall victim to $20 million crypto hack

Oct 24, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Over $20 million in Ethereum and stablecoins were stolen from a US government-controlled wallet. The theft is connected to the wallet involved in the 2016 Bitfinex hack. Share this article The US government may have suffered a $20 million exploit that targeted its crypto wallet on October 24, according to reports from Arkham […]

BRICS 2024: Can The Expanding Bloc Truly Challenge Western Dominance?

Oct 24, 2024 Jeremy Parkinson Finance 0

Image source: Pixabay BRICS aims to reduce reliance on Western financial systems but lacks concrete alternatives to the dollar. Internal divisions limit BRICS’ unified stance on issues like the Ukraine war. The summit boosts Russia diplomatically but reveals limits in BRICS’ ambitions. As the world watches the latest shifts in global alliances, the 2024 BRICS summit […]

Gold Has Finally Broken A “Real” Record

Oct 24, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashJust last week, gold finally broke a “real” record that’s been in place since 1980.“Now, wait a minute,” you might be thinking. “I’ve been hearing about new record gold prices since last spring. What in the world are you talking about?” Well, you’re right. In nominal dollar terms, gold has been breaking records seemingly week […]

Busting 3 Common Myths About The Stock Market: Insights That Challenge The Status Quo

Oct 24, 2024 Jeremy Parkinson Finance 0

Image Source: PexelsThe stock market is often surrounded by myths that can intimidate potential investors or lead to misconceptions about how it works. Whether it’s seasoned traders or first-time investors, many still fall prey to outdated beliefs or misleading narratives. Today, we’re going to debunk three of the most common stock market myths and provide fresh […]

The Safety Net System: How I Evaluate Companies’ Dividends

Oct 24, 2024 Jeremy Parkinson Finance 0

Image Source: PixabayAs you know, every Wednesday in my Safety Net column, I typically review the dividend safety of a company that’s been requested by Wealthy Retirement readers. Safety Net is the most popular column in Wealthy Retirement, and we’ve been publishing it for nearly 12 years.Today, in the spirit of “teaching a man to fish,” I’m taking you […]

The Leading Economic Index, The Term Spread, And Historical Correlations

Oct 24, 2024 Jeremy Parkinson Finance 0

Image Source: PexelsI’ve updated the “regression camp” membership list. Assuming no recession shows up (hear Cam Harvey talk about the issue), what can we take from the Conference Board’s Leading Economic Index returning to recession territory (it’s spent much of the last 18 months there):The first thing to note is that the LEI includes (like many financial conditions indexes) […]

EUR/USD Rallies Back Over 1.08

Oct 24, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay EUR/USD reclaimed the 1.0800 handle on Thursday. EU PMI figures came in mixed, giving Euro bulls just enough ammo. US Durable Goods Order and UoM Consumer Inflation Expectations in the barrel for Friday. EUR/USD made a half-hearted recovery on Thursday, rebounding four-tenths of one percent and clawing back north of the 1.0800 handle. […]

Gold Prices Soared Due To Geopolitical Tensions, Declining US Yields

Oct 24, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Gold advances as US Treasury yields fall alongside the US Dollar. Tensions due to the Middle East and US election boost Bullion’s demand. Strong US labor market data and better-than-expected PMI results underscore economic resilience despite mixed housing data. Analysts highlight rising US fiscal debt concerns as key factors supporting Gold’s rally. Gold prices […]

This Slingshot Breakout Could Make Our Entire Week

Oct 24, 2024 Jeremy Parkinson Finance 0

Image Source: Pexels One day left – let’s finish strong! Markets are setting-up with a *Slingshot Breakout* tonight, one of my favorite chart patterns…These setups usually give us (2) trades the following day, and trade #2 could make our entire week!How cool was that 2-Legged Pullback today, right?Now buyers are trying to “rotate” off the […]