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October Jobs Report: Milton Mayhem

October Jobs Report: Milton Mayhem

Image source: Pixabay  Well, I warned you . . . .I expected a downdraft from the hurricanes, especially Milton, and also the Boeing strike. And boy did we get one!Let me be clear: if there were no special factors, this report would be recessionary, period. And there were some signs of real weakness in this report […]
Again Straight Down, But NFPs

Again Straight Down, But NFPs

No upswing after the bell to trap in ES bottom pickers – selling across the board, risk-off continuing now also clearly in bonds. While AMZN earnings I expected to turn out good in our channel, AAPL outright disappointed. Much depends upon today‘s NFPs figure – I‘m looking for at least 190K (beating lowball expectations), and […]
PCE Price Index Is Back Into The Pre-Pandemic Range

PCE Price Index Is Back Into The Pre-Pandemic Range

It’s too early for the Fed to claim the infamous “mission accomplished” for inflation. However, yesterday’s PCE price index is now within the Fed’s mission accomplished range. The PCE price gauge rose 0.2% monthly and 2.1% year over year. That yearly rate is down 0.2% from last month and 0.6% over the previous six months. […]
ExxonMobil Achieves $1.92 EPS In Third Quarter 2024, Slight Miss On Revenue

ExxonMobil Achieves $1.92 EPS In Third Quarter 2024, Slight Miss On Revenue

Image Source: Unsplash  ExxonMobil (NYSE: XOM) has reported its third-quarter 2024 earnings, showcasing a robust performance driven by strategic transformations across its operations. The company announced earnings of $8.6 billion or $1.92 per diluted share, with cash flow from operating activities reaching $17.6 billion. This quarter marked the highest liquids production in over four decades, averaging 3.2 million […]
Bitcoin Faces Fifth Consecutive Rejection At $72,000, Is Another Correction Coming?

Bitcoin Faces Fifth Consecutive Rejection At $72,000, Is Another Correction Coming?

Image Source: Pexels  Ahead of its monthly close, Bitcoin (BTC) has seen another unsuccessful attempt to reclaim the $72,000 resistance as a support level. Despite the drop, some analysts consider the cryptocurrency is still in a strong position for an upcoming breakout, setting the next levels to watch.  BTC’s Sweet 16 Party Turns SpookyBitcoin, the largest […]
Major Asset Classes October 2024 Performance Review

Major Asset Classes October 2024 Performance Review

Global markets suffered a broad-based downturn in October. For the first time since April, a majority of the major asset classes posted monthly losses, based on a set of ETF proxies. The upside outliers: cash and commodities.Foreign real estate (VNQI) led the losers last month. The hefty 6.9% slide in October follows three straight months […]
SingularityDAO merges with Cogito Finance and SelfKey following community approval

SingularityDAO merges with Cogito Finance and SelfKey following community approval

Key Takeaways SingularityDAO merges with Cogito Finance and SelfKey to form Singularity Finance. The merger enhances SingularityDAO’s AI portfolio management with SelfKey and Cogito’s RWA tokenization and identity solutions. Share this article SingularityDAO token holders have approved a merger with Cogito Finance and SelfKey to form Singularity Finance, an EVM layer 2 platform focused on […]
Gold On A Parabolic Rise

Gold On A Parabolic Rise

Mike Roy’s article published on GoldBroker.com became viral in a few days.In this analysis, the author presents several dizzying chart configurations.As noted by Mike Roy, the logarithmic gold chart is breaking through a resistance that has held since 1981: This chart reveals a cup-and-handle configuration that took 44 years to form. The cup formed between 1980 […]
Median Household Income In September 2024

Median Household Income In September 2024

Motio Research’s initial estimate of U.S. median household income in September 2024 is $82,173. This figure is $745 (0.9%) higher than the firm’s initial estimate of median household income in August 2024 of $81,562.Motio Research’s estimates are based on income data collected by the U.S. Census Bureau as part of its monthly Current Population Survey. The firm […]
Elliott Wave Technical Analysis: Bovespa Index – Friday, Nov. 1

Elliott Wave Technical Analysis: Bovespa Index – Friday, Nov. 1

Bovespa Index Day Chart Description Bovespa Index Elliott Wave Analysis Trading Lounge Day ChartBovespa Index Elliott Wave Technical Analysis Function: Trend Mode: Impulsive Structure: Gray wave 3 Position: Orange wave 3 Direction of Next Higher Degrees: Gray wave 3 (initiated) Details: Gray wave 2 appears complete; gray wave 3 now underway. Wave Cancellation Level: 123065.21 The […]