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Nasdaq 100 & S&P 500 Elliott Wave Update – Thursday, Nov 7

Nasdaq 100 & S&P 500 Elliott Wave Update – Thursday, Nov 7

Image Source: PexelsThe rallies continued on Thursday with the ES and NQ both moving to new all-time highs. The ES touched and did close above 6000. The NQ pushed to a new ATH above 21213 with the high coming in at 21253. The problem at the moment is attempting to discern the internal waves that will […]
Implied Volatility, Rates, And The Dollar Fall Sharply, Pushing Stocks Higher

Implied Volatility, Rates, And The Dollar Fall Sharply, Pushing Stocks Higher

Image Source: UnsplashRates dropped a bit today, with the 10-year yield dropping by ten basis points. This retraces some of the significant moves we saw over the last two days, with a sixteen basis point increase yesterday. The 10-year rates have become pretty overextended here. We got above the upper Bollinger Band and were overbought on […]
The Trump Tariffs And The Canadian Economy: A Different Perspective

The Trump Tariffs And The Canadian Economy: A Different Perspective

Image Source: PixabayDonald Trump’s return to the White House raises concerns that his protectionist stance would likely have a significant impact on Canada-US bilateral trade. More than 75% of Canadian exports go to the U.S. The total bilateral trade market reached $900 billion in 2022. Some 26 US states claim that Canada is their largest export […]
Smaller Cap Biotechs Are In Season: How Are We Doing?

Smaller Cap Biotechs Are In Season: How Are We Doing?

Image Source: UnsplashSMID Biotech Stocks are Primed for GOOD GAINS With election uncertainty over and a benign MACRO with rate cuts, small-cap biotechs should do well. Small-cap ETFs show good momentum in 2024: IJR, IWC, IWM, IWD. Nasdaq and S&P show good gains today. SMID biotech stocks still see a lot of speculative interest except for […]
Perception Points To Smooth Sailing Into Year-End

Perception Points To Smooth Sailing Into Year-End

Image Source: UnsplashMARKETSU.S. stocks surged higher on Thursday, riding the wave of a 25-basis-point rate cut by the Federal Reserve and the bullish momentum sparked by Donald Trump’s return to the White House. After a blockbuster day for the Republicans, investors have swiftly pivoted to the familiar playbook: central bank easing policy that sends stocks soaring […]
EURUSD Stages A Comeback: Will Bulls Reclaim Lost Ground?

EURUSD Stages A Comeback: Will Bulls Reclaim Lost Ground?

Image Source: PixabayAfter a significant downturn that saw the EURUSD pair plummet from 1.0936 to a low of 1.0682, the currency pair is showing signs of life once again. This recent bounce has caught the attention of forex traders, with many wondering if this is the start of a more substantial recovery.The pair has managed to […]
Dividend Watch: Three Companies Boosting Quarterly Payouts

Dividend Watch: Three Companies Boosting Quarterly Payouts

Image Source: PixabayEverybody loves dividends, as they provide a passive income stream, limit drawdowns in other positions, and provide more than one way to profit from an investment.And when considering dividend-paying stocks, those with a history of boosting their payout are prime considerations, reflecting their commitment to increasingly rewarding shareholders.In addition, consistent dividend hikes reflect the […]
USD/CAD Holds Steady Above 1.3850 As Fed Cuts Its Rates, Eyes On Canadian Employment Report

USD/CAD Holds Steady Above 1.3850 As Fed Cuts Its Rates, Eyes On Canadian Employment Report

Photo by Michelle Spollen on Unsplash USD/CAD trades flat around 1.3860 in Friday’s early Asian session.  The Fed decided to cut the interest rate by a quarter percentage point on Thursday.  The Canadian employment report will be closely watched.  The USD/CAD pair flat lines near 1.3860 during the early Asian session on Friday. The Greenback faces some selling pressure […]
Rates: On Bunds Swap Spreads

Rates: On Bunds Swap Spreads

Image Source: PexelsThe cheapening of German Bunds versus swaps has resumed and a cross read from the global cheapening phenomenon points to even wider levels at the long end, although the comparison has its shortcomings. By now the 10y Bund spread versus OIS is back to pre-QE levels, but persistent structural headwinds and political turmoil still warrant caution. Bund cheapening resumes […]
Debt-To-GDP Under Trump 1.0

Debt-To-GDP Under Trump 1.0

Image Source: PexelsA reminder, so when next you hear about fiscal restraint.Figure 1: Debt held by the public as share of GDP (blue), and as share of potential GDP (red). NBER peak-to-trough recession dates shaded gray. Source: Treasury via FRED, CBO, NBER and author’s calculations.More By This Author:Everyday Price Inflation At 0.3% Y/Y? Recession After The Election? […]