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Turnaround Tuesday: Junk Bonds Flash Caution

Turnaround Tuesday: Junk Bonds Flash Caution

Since the end of 2023 and throughout most of 2024, the high yield, high debt bonds have been on a tear.However, the party could be over.Could be.I follow the junk bonds closely, as they literally told us to exit the market and buy long bonds right before Covid hit.Looking at today’s Daily chart of HYG, […]
The BRICS Aren’t The Only Ones Turning To Gold

The BRICS Aren’t The Only Ones Turning To Gold

Image Source: Unsplash While the BRICS Summit is finally underway today, they’re not the only significant group that has been increasingly looking towards gold lately.It’s actually been happening in the states too. Where favorable precious metals legislation has been getting passed by the majority of the states, while the legislators that are signing it often cite […]
WTI Holds Gains After API Reports Crude Build, Product Draws

WTI Holds Gains After API Reports Crude Build, Product Draws

Image Source: Pixabay Oil prices rallied for a second straight day, erasing some of last week’s ugly losses, with prices supported by some upbeat prospects for Chinese demand and ongoing concerns that the Middle Eastern conflict will threaten crude flows from the region. “We’re seeing a constant push-pull between expectations of a cease-fire — which would […]
The Trinity Trade Is Looking To Push Stocks To All-Time Highs

The Trinity Trade Is Looking To Push Stocks To All-Time Highs

Image Source: Unsplash If you didn’t know any better, you’d think the market has been trying to lull traders to sleep over the past week. Nevertheless, stocks have continued to press up against their highs.The U.S. dollar continues to suck global capital into American markets, though we may see a temporary top around Election Day. At […]
Russell 2000 Loses Breakout Support But Finds 20-Day MA

Russell 2000 Loses Breakout Support But Finds 20-Day MA

At its simplest, the Russell 2000 (IWM) breakout to new highs has faded back to its 20-day MA on low volume. This could be considered a “bull trap”, but I would be prepared to give the 20-day MA a chance for bulls to mount a defence given the narrow range of today’s candlestick. Technicals remain […]
Are Corporate Profits Stalling In Q3?

Are Corporate Profits Stalling In Q3?

One of the well-established long leading indicators is corporate profits. Typically they peak a year or more before the onset of a recession. And the reason makes sense: if there is profit pressure that lasts longer than a single quarter, i.e., it looks like it may be forming a trend, firms might cut their output, […]
The Trouble With Central Bank Rate Cuts

The Trouble With Central Bank Rate Cuts

On September 18, the US Fed cut its overnight target rate by 50 basis points (bps), and risk markets went wild. Stock and corporate debt prices have risen to more all-time highs, and real estate bulls rejoice that lower interest rates will reignite loan demand and save highly leveraged property markets.The trouble is that central […]
20 Percent Of Households Making Over $150,000 Live Paycheck To Paycheck

20 Percent Of Households Making Over $150,000 Live Paycheck To Paycheck

What Does It Mean? The term ‘living paycheck to paycheck’ is a fairly frequently heard expression but can be somewhat nebulous and is not always clearly defined. Broadly, one can imagine it refers to individuals or households that regularly spend nearly all of their income, leaving little to nothing left over for savings. By that […]
Nasdaq Logs 5-Straight As Bond Yields Cool

Nasdaq Logs 5-Straight As Bond Yields Cool

The S&P 500 struggled for direction into the closing bell, but eventually settled lower alongside the Dow on Tuesday. Meanwhile, the Nasdaq recovered from morning losses to notch its fifth-straight daily gain and longest such win streak since early September. Interest rate concerns remained on investors’ minds, as the U.S. 10-year Treasury yield surged to three-month highs […]
Regulators Won’t Stop Big Bank Malfeasance

Regulators Won’t Stop Big Bank Malfeasance

Image Source: Pexels TD Bank just made headlines for pleading guilty to the crime of money laundering and a variety of other charges. Bankers there provided services to despicable people who needed a way to recycle the cash proceeds acquired by selling everything from drugs to children.TD Bank, which will pay a total of $3.09 billion […]