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This Time Around, All Eyes Are On Congress As Much As The White House

This Time Around, All Eyes Are On Congress As Much As The White House

Image Source: Unsplash MARKETSThe S&P 500 surged Tuesday as traders geared up for the high-stakes U.S. presidential election showdown. The broad market index gained nearly 1%, the Nasdaq Composite advanced 1.1%, and the Dow Jones Industrial Average climbed by 332 points (or about 0.8%). With former President Donald Trump and Vice President Kamala Harris in a […]
Warren Buffett Is Holding On To Cash; Should You Too?

Warren Buffett Is Holding On To Cash; Should You Too?

Image courtesy of 123rf.com By the account of economists E.J. Antoni and Peter St Onge, the US economy has been in a recession since 2022. They explain the growing chasm between Main Street’s perception and Wall Street’s consensus as one of understated inflation. If the GDP figures take in unadjusted cumulative inflation, they would show fake growth. When adjusted, […]
Models Vs Humans: Models Can’t Think, But People Think About The Wrong Things

Models Vs Humans: Models Can’t Think, But People Think About The Wrong Things

Data from the BLS, chart by Mish, through October.My recession model is based on 15+ weeks of continued claims.I discuss my recession model at the end of this post but first let’s continue with a model of sentiment vs the economy in my previous post. The Paradox of Bad SentimentPlease consider The Paradox Between the Macroeconomy […]
S&P 500 Earnings Dashboard 24Q3 – Tuesday, Nov. 5

S&P 500 Earnings Dashboard 24Q3 – Tuesday, Nov. 5

Image Source: Unsplash S&P 500 Aggregate Estimates and Revisions 24Q3 Y/Y earnings are expected to be 7.8%. Excluding the energy sector, the Y/Y earnings estimate is 10.5%. Of the 382 companies in the S&P 500 that have reported earnings to date for 24Q3, 75.9% reported above analyst expectations. This compares to a long-term average of 66.9%. The 24Q3 Y/Y blended revenue growth estimate is 5.1%. If the energy sector is […]
Grains Report – Tuesday, Nov. 5

Grains Report – Tuesday, Nov. 5

WHEAT General Comments: The markets were mixed yesterday, with Chicago a little lower and KC and Minneapolis a little higher as forecasts for very beneficial rains for the Great Plains and Midwest and reports of steady offers in Russia continue. The rains are falling and will allow Wheat farmers to plant the Winter crops. Little […]
U.S. Dollar Set For Further Weakness Post-Election?

U.S. Dollar Set For Further Weakness Post-Election?

Image Source: Pixabay The US Dollar is the world’s reserve currency and, as such, it garners a lot of attention from traders, investors, and media.Out-sized moves in the  US Dollar can lead to moves in all asset classes. For example, commodities like gold and oil are affected by a stronger or weaker Dollar.Today, we look at a […]
Election Day Markets. The Corn & Ethanol Report

Election Day Markets. The Corn & Ethanol Report

We kicked off the day with US Trade Balance, Exports & Imports at 7:30 A.M., Redbook YoY at 7:55 A.M., S&P Global Composite PMI Final & S&P Global Services PMI Final at 8:45 A.M., ISM Services PMI, ISM Services Business Activity, ISM Services Employment , ISM Services New New Orders, and ISM Services Prices at […]
ETH/BTC hits lowest point in over 3 years, sliding to 0.03508

ETH/BTC hits lowest point in over 3 years, sliding to 0.03508

Key Takeaways ETH/BTC trading pair has reached its lowest level in over three years, falling to 0.03508. Historical patterns suggest that Ethereum may experience further declines against Bitcoin. Share this article Ethereum’s valuation against Bitcoin (ETH/BTC) has reached a new low of 0.03508, at the time of writing, marking its lowest level since April 2021.ETH/BTC […]
Precious Metals Weekly Market Update – Election Day

Precious Metals Weekly Market Update – Election Day

In 2016, Donald Trump entered the election as the underdog against Hillary Clinton. The expectation was that if he managed an unlikely victory, gold prices would surge due to his potential to disrupt the establishment and implement foreign policy changes that, at the time, appeared at odds with the status quo of the Obama administration.However, […]
Is ALTcoin Market Finally Ready For A Bullish Continuation?

Is ALTcoin Market Finally Ready For A Bullish Continuation?

We talked about ALTcoin market back in June, where we mentioned and highlighted an incomplete five–wave bullish impulsive cycle. We warned about wave 4 correction within uptrend, which can be now finally completed at the end of 2024. CLICK HEREAs you can see today, ALTcoin market with ticker OTHERS that excludes top 10 cryptocurrencies may have a completed wave […]