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Mapped: Unemployment Claims By State

Mapped: Unemployment Claims By State

Unemployment claims per 100,000 people is a handy metric for gauging the health of the job market. Generally speaking, a higher number of claims suggests that more people are unemployed, which may highlight issues with the economy.In this graphic, we’ve visualized the number of weekly initial unemployment claims per 100,000 people in the labor force […]
Stocks Drop As Credit Spreads Start To Widen On March 25

Stocks Drop As Credit Spreads Start To Widen On March 25

Stocks finished lower on Monday, with a good portion of the decline coming in the final 10 minutes, when a nearly $2 billion sell imbalance was posted for the closing cross. Meanwhile, the VIX was higher while rates and spreads rose. The dollar took a break following a colossal move last week.One spread to watch […]
DWAC Begins Trading Under DJT

DWAC Begins Trading Under DJT

As we might cover any new publicly traded stock, we wish to bring unbiased fundamental and technical analysis on DWAC – by tomorrow called DJT.I cannot help but mention that the new symbol as former President Trump’s initials could be a boon or mistake.That though, remains to be seen.As for this SPAC now on the […]
Nasdaq 100 And S&P 500 – Elliott Wave Analysis Update

Nasdaq 100 And S&P 500 – Elliott Wave Analysis Update

Image Source: Unsplash Interesting day – yes again – both the NQ and ES trading under lower volumes and seemingly higher volatility. The EW counts ( yes, this old dog can learn new tricks) – have been updated to include today’s trade — and after going over the counts with Sascha Goring ( my colleague in […]
Consumer Stress Is Evident In The Declining Price Of New Homes

Consumer Stress Is Evident In The Declining Price Of New Homes

New Home Sales Prices from the Commerce Department, chart by Mish. New Home Sales Key Points The average sales price peaked at $568,700 in December of 2022. The median sales price peaked at $498,800 in October of 2022. The average sales price in February of 2024 is $485,000. That’s a decline of 14.7 percent, $83,700 […]
Rates Spark: Starting The Week With Pushback

Rates Spark: Starting The Week With Pushback

The dovish momentum of last week is starting to see some pushback. Supply and a likely still-too-hot core-PCE reading looming on Friday can justify it. But they were well flagged and the consensus for the PCE sits relatively firm. It is likely that market conditions ahead of Easter and a long month-end are behind some of the market movement.Image Source: Pixabay […]
China Has Taken Over Gold Price Control From The West

China Has Taken Over Gold Price Control From The West

China is leading the dance in the gold market.Exceptional strong gold demand from both the Chinese central bank and private sector has been driving up the gold price over the past two years, by which they have taken over control over the gold price from the West. The People’s Bank of China (PBoC) bought a […]
Vol Markets Flash First Warning Since December As NVDA Tests High

Vol Markets Flash First Warning Since December As NVDA Tests High

Image Source: Pexels One of the sources of fuel for a market rally is volatility selling. However, it’s the selling that ultimately leads to the last squeeze higher before the fall. Looking at term structure of volatility and skewness is a way to identify volatility expectations and hedging. Over the past few days, these vol-based indicators […]
Stocks And Precious Metals Charts – Minor Losses

Stocks And Precious Metals Charts – Minor Losses

Stocks were trading weakly but managed to take only minor losses in another ranging wobbly day.The VIX came in higher but then fell as the day went on.The Dollar lost some ground.Gold came in off an overnight rally, but gave up a chunk of its gains in the NY trading hours.Silver not so much.We will […]
The Choice Of Inflation Measure Depends On The Eye Of The Beholder

The Choice Of Inflation Measure Depends On The Eye Of The Beholder

Image Source: Pexels As if life is not complicated enough, central bankers employ several measures of inflation to guide decisions on rate changes. What exactly is the true tale of the trend in inflation is up to the reader. Take the Bank of Canada, as a perfect example. The inflation rate in Canada can be any […]