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Stocks And Precious Metals Charts – Finding A Bottom

Stocks And Precious Metals Charts – Finding A Bottom

Stocks took a dive today, after the sugar high of the Non-Farm Payrolls report from last week wore off.Gold and silver were sold, as an echo of the traditional Non-Farm Payrolls boogie woogie.Gold and silver *might* be finding a bottom here, as they have often done on such occasions in the past.Have a pleasant evening. More […]
Stocks To Avoid As EU Slaps Chinese EVs With Tariffs

Stocks To Avoid As EU Slaps Chinese EVs With Tariffs

Image Source: Pexels The European Union has officially voted to impose tariffs of up to 45% on electric vehicles (EVs) built in China.The EU’s long-awaited decision could significantly dent the bottom-line results of China-based carmakers such as Nio (NYSE: NIO), BYD (OTC: BYDDY), Li Auto (Nasdaq: LI) and XPeng (NYSE: XPEV).China-listed stocks got a huge boost in September when the nation’s central bank, the […]
Ranked: Countries With The Highest GDP Per Capita In 2024

Ranked: Countries With The Highest GDP Per Capita In 2024

Despite countries like the U.S., China, India, or Germany often dominating economic rankings, the United States is the only top 10 economy to appear near the top of rankings for GDP per capita.This graphic compares countries and territories with the highest GDP per capita in 2024 to those in 2014, based on data from the International […]
Gold Could Double If This Bullish Cycle Acts Like Past Ones

Gold Could Double If This Bullish Cycle Acts Like Past Ones

Image Source: Pixabay Gold has been one of the best performing assets in 2024 so far.It’s up over 27% since the start of the year and recently hit a record high.And with the central banks of the worlds largest economies — the US, China and the EU — now all cutting interest rates, will that add […]
U.S. Equities Surge In Best Election Year Since 1936

U.S. Equities Surge In Best Election Year Since 1936

As we approach the final stretch of 2024, much of the nation’s focus is on the upcoming U.S. presidential election. But while the political landscape remains uncertain, the markets are painting a different picture. September, traditionally a sluggish month for global equities, delivered an unexpected surge.The S&P 500 gained 2.02%, marking its strongest September since […]
Business Cycle Indicators For The Euro Area, As Of 10/4/2024

Business Cycle Indicators For The Euro Area, As Of 10/4/2024

The CEPR-EABCN is one arbiter of business cycle chronologies in the Euro Area. The latest announcement is from April 17, 2024. What do more recent indicators suggest (a partial survey)?GDP and employment: Industrial production and the unemployment rate: With employment growing through Q1 and unemployment declining from 2023 onward, it’s hard to declare a recession in […]
PMI Says Recession, Reality Says Otherwise

PMI Says Recession, Reality Says Otherwise

Image Source: Pexels PMI is based on surveys, while industrial production is based on actual production. It is a crazy election year, and people are mildly freaking out. Their “outlook” for the future can be opposites depending on their political views. This will cause all “sentiment” indicators to be completely unreliable…Just focus on what is actually […]
Dow Dragged Nearly 400 Points On Yields, Oil Surge

Dow Dragged Nearly 400 Points On Yields, Oil Surge

A lift in crude prices and the 10-year Treasury yield pushed stocks lower Monday. The Dow was dragged almost 400 points, while the S&P 500 and Nasdaq suffered more modest pullbacks. The yield surged more than 4 basis points to move back above 4%, or their highest mark since August. This comes after last week’s upbeat jobs […]
S&P 500 Index – Elliott Wave Technical Analysis

S&P 500 Index – Elliott Wave Technical Analysis

S&P 500 Elliott Wave Analysis Trading Lounge Day Chart, S&P 500 Elliott Wave Technical AnalysisFUNCTION: Trend MODE: Impulsive STRUCTURE: Orange Wave 3 POSITION: Navy Blue Wave 3 DIRECTION NEXT LOWER DEGREES: Orange Wave 4 DETAILS: Orange wave 2 appears completed, with orange wave 3 now active. Wave Cancel Invalidation Level: 5,385.80The S&P 500 Elliott Wave Analysis for the daily chart reveals that the market is […]
Super Micro Shares Up 15% As AI Servers And Liquid Cooling Solutions Deliver Positive News

Super Micro Shares Up 15% As AI Servers And Liquid Cooling Solutions Deliver Positive News

Image Source: Unsplash Super Micro Computer Inc. (SMCI), a key player in AI-driven data centers, reported robust sales of its liquid cooling solutions and server systems, offering relief to investors after a tough year.Shares of the California-based company surged 15% on Monday, as the AI-driven stock continues to rebound despite earlier setbacks. Supermicro stock still carries […]