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Sensex Today Tanks 1,064 Points; Nifty Ends Below 23,350

Sensex Today Tanks 1,064 Points; Nifty Ends Below 23,350

After starting the day on a negative note, the benchmarks dragged further as the session progressed and ended the day on a weak note.Benchmark equity indices BSE Sensex and NSE Nifty 50 witnessed a sharp correction, selling down by over 1 percent each, weighed by selling across the counters.At the closing bell, the BSE Sensex stood lower […]
US Q4 GDP Nowcast

US Q4 GDP Nowcast

Several updated nowcasts for US economic activity in the fourth quarter have been revised sharply higher recently, but the median estimate barely changed, based on the several data points from a range of sources compiled by CapitalSpectator.com. The US economy still, as a result, still looks set to slow in the final quarter of the […]
Real Retail Sales On The Cusp Of Breaking Out Of Their Multi-Year Doldrums

Real Retail Sales On The Cusp Of Breaking Out Of Their Multi-Year Doldrums

Consumption leads employment, and as I reiterated yesterday real per capita retail sales has a history as a long leading indicator.Which means that retail sales for November, which rose 0.7% nominally, continues its recent strong string of positives, increasingly looking like it is finally breaking out of its 2 year plus doldrums.Since consumer prices rose […]
Trump meets with Crypto.com CEO to discuss Bitcoin reserve and crypto appointments

Trump meets with Crypto.com CEO to discuss Bitcoin reserve and crypto appointments

Key Takeaways Kris Marszalek of Crypto.com met with Donald Trump to discuss potential crypto appointments and Bitcoin reserve matters. Trump’s administration has appointed several crypto advocates to key financial positions. Share this article President-elect Donald Trump met with Crypto.com CEO Kris Marszalek at his Mar-a-Lago estate in Florida on Monday to discuss appointments related to […]
UK Salary Growth Puts BoE Rate Cut Plans In Question

UK Salary Growth Puts BoE Rate Cut Plans In Question

A report coming from the UK’s Office for National Statistics (ONS) showed that average salaries, both including and excluding bonuses, rose by 5.2% per year in the three months to October. Analysts at ONS noted that “after slowing steadily for over a year, growth in pay excluding bonuses increased slightly in the latest period, driven by […]
GBP/USD Rebounds On Stronger UK Data As Attention Turns To FOMC

GBP/USD Rebounds On Stronger UK Data As Attention Turns To FOMC

Photo by Colin Watts on Unsplash   The pound has been among the strongest currencies in the G10 space so far this week, owing to strength in UK data and diminishing hopes that the Bank of England will deliver a rate cut at this week’s policy meeting. While the European Central Bank and Swiss National Bank both cut interest […]
GBP/USD Price Analysis: Upbeat Jobs Data Boosts Sterling

GBP/USD Price Analysis: Upbeat Jobs Data Boosts Sterling

The GBP/USD price analysis paints a bright future for the pound as UK labor market data shows resilience in the face of high interest rates. Meanwhile, market participants remained cautious ahead of policy meetings in the UK and the US this week.Data on Tuesday revealed that British pay growth grew more than forecast in the […]
Signs Of 2024 SPY Topping Out

Signs Of 2024 SPY Topping Out

S&P 500 shook off weak Empire State manufacturing, and correctly focused on surging services PMI instead of marginally down manufacturing PMI. But then, the bond market and the dollar made a correct move that I hinted at in the weekend precious metals video while breadth and concentration question marks over SP& 500 remained – nevermind, the setup was good […]
Bull Of The Day: Dave Inc 
                    
DAVE is Crushing Earnings Estimates
DAVE Stock Primed to Breakout Again
Should Investors Buy Shares In DAVE?

Bull Of The Day: Dave Inc DAVE is Crushing Earnings Estimates DAVE Stock Primed to Breakout Again Should Investors Buy Shares In DAVE?

DAVE INC (DAVE) is a rising player in the FinTech and mobile banking space, making a name for itself by catering to underserved banking customers. Seed investor and Mark Cuban praised the company for excluding overdraft fees, recalling how they crushed him in his twenties.The standout feature of DAVE INC’s platform is its cash advance service, […]
Euro Slips, Pound Outperforms

Euro Slips, Pound Outperforms

Image source: Pixabay  As we come into the North American open, the US Dollar remains in the driver’s seat and is up pretty much across the board. The Dollar demand has also found company in US equity futures pointing to a lower open.Video Length: 00:01:05More By This Author:A Tale Of Two Economies Euro And Pound Get […]