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Bitcoin Price Turns Green In October Once Again, Is The Bull Run Here?

Bitcoin Price Turns Green In October Once Again, Is The Bull Run Here?

Image Source: Unsplash The Bitcoin price started out the month of October on a rather bearish note with a notable 10% drop in price from $66,000 back down to $60,000. This put a damper on the “Uptober” sentiment as selling pressure mounted. However, the weekend turned out to be bullish for the Bitcoin price and the pioneer cryptocurrency […]
Credit Card Spending Tanked In August; The American Consumer Tapped Out?

Credit Card Spending Tanked In August; The American Consumer Tapped Out?

Image Source: Unsplash How close are Americans to hitting their credit card limits?That’s hard to say, but based on the latest consumer credit data from the Federal Reserve, they may be getting closer.Over the last several months, American consumers have been yo-yo-ing between slowing credit card spending and going on spending sprees. In July, revolving credit, […]
Small Businesses Fearing The Election

Small Businesses Fearing The Election

Early this morning, the NFIB published small business sentiment data for September. The Small Business Optimism Index ticked up from 91.2 to 91.5. While stronger, that wasn’t as large of an uptick as was expected as the consensus forecast expected an increase to 92.0.Regardless, sentiment remains historically low in the bottom quintile of historical readings […]
Realty Bubble Bursting As Power Of Sales Spread

Realty Bubble Bursting As Power Of Sales Spread

In September, across the Greater Toronto Area, there were 204 power-of-sale listings, more than double the 96 reported in September 2023, an increase of 112% year over year and more than triple pre-pandemic levels (chart below since 2020). See, Power-of-sale listings more than double as mortgage lenders repossess homes from over-leveraged buyers. Finally, reality is dawning for […]
The Jobs Report Threw Us A Curveball?

The Jobs Report Threw Us A Curveball?

Image Source: Pexels In this episode, Senior Economist Jose Torres and Chief Strategist Steve Sosnick break down the unexpected strength in the U.S. labor market, the implications for interest rates, and the global impact of economic data. They also explore stock market reactions, Middle East tensions, and China’s stimulus measures, providing valuable insights for investors navigating […]
GDPNow Up To 3.2% SAAR

GDPNow Up To 3.2% SAAR

GDPNow up from 2.5% on 10/1 to 3.2% on 10/8 (q/q AR), on the basis of auto sales and employment situation releases.Source: Atlanta Fed, accessed 10/8/2024. This is what other nowcasts/tracking estimates are indicating. Figure 4: GDP (bold black), Summary of Economic Projections median iterated off of 3rd release (inverted light green triangle), GDPNow as of 10/8 (light […]
MicroStrategy stock hits $196, 2% away from ATH

MicroStrategy stock hits $196, 2% away from ATH

Key Takeaways MicroStrategy holds over 252,000 bitcoins, nearing the largest Bitcoin holder status. MicroStrategy eyes Grayscale’s position as its Bitcoin holdings near a $16 billion valuation. Share this article Earlier today, MicroStrategy stock reached $196, just 2% away from its all-time high, largely driven by its aggressive Bitcoin acquisition strategy. The company’s stock behaves like […]
Hindenburg Goes Short On Roblox: Summary Of Allegations

Hindenburg Goes Short On Roblox: Summary Of Allegations

Image courtesy of 123rf.com Following Hindenburg’s scathing report on Super Micro Computer (Nasdaq: SMCI) in early September, the SMCI stock barely budged after a month. After the 10-for-1 stock split, SMCI is now priced at $45.46 vs. $45.1.The investment research firm has now set its shorting sight on a gaming company, Roblox (Nasdaq: RBLX). Will the effect on RBLX […]
The AI Economy

The AI Economy

Photo by Steve Johnson on Unsplash The Alhambra Team discusses the significant impact AI is already having on the economy.Video Length: 00:10:49More By This Author:Weekly Recap And DARP Update – Friday, Oct. 5 Commercial Real Estate Armageddon Financial Market Outlook
Analysis Of Google’s Character.ai Acquisition

Analysis Of Google’s Character.ai Acquisition

Photo Credit: Merlin Lightpainting from Pixabay According to a recent report, the global generative AI market is expected to grow 34% annually over the next few years to reach $255.8 billion by 2033 from $13.5 billion in 2023. It is no surprise then that companies big and small are all reaching out to expand their presence in the industry. Character.ai’s […]