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Stocks And Precious Metals Charts – It’s All About The Benjamins

Stocks And Precious Metals Charts – It’s All About The Benjamins

Stocks were relieved that Chairman Jay didn’t drop any jaw-bombs in his congressional testimony and spoke some sweet nothings about rate cuts, so stocks managed to move higher again.The Dollar dropped due to interest rate complacency and a growing lack of interest from the rest of the world.Gold and silver moved higher again.Non-farm payrolls tomorrow […]
The Next Big Market Catalyst

The Next Big Market Catalyst

Image Source: Pexels It’s understandable investors would assume that Amazon (AMZN) is a great representation of consumer discretionary spending – and the overall economy, for that matter.But I think I can go one better… It might suprise you, but I think Costco (COST) is actually the better yardstick, and I’ll show you exactly why.See, when Costco beats, equities […]
Broadcom Cites ‘Two Strong Drivers’ Of Revenue Growth In Q1 Earnings Report

Broadcom Cites ‘Two Strong Drivers’ Of Revenue Growth In Q1 Earnings Report

Image Source: Unsplash Broadcom Inc (Nasdaq: AVGO) is trading down in extended hours on Thursday even though it reported market-beating financial results for its first quarter on continued AI demand. Broadcom stock down on muted guidance The stock is taking a hit primarily because investors are not entirely content with the future guidance. AVGO reiterated its […]
Market Talk – Thursday, March 7

Market Talk – Thursday, March 7

ASIA:The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 492.07 points or -1.23% to 39,598.71 Shanghai decreased 12.53 points or -0.41% to 3,027.40 Hang Seng decreased 208.31 points or -1.27% to 16,229.78 ASX 200 increased 30.20 points or 0.39% to 7,763.70 Kospi increased 6.13 points or 0.23% to 2,647.62 SENSEX increased […]
S&P 500 Sets Another Record Close As Tech Sector Rallies

S&P 500 Sets Another Record Close As Tech Sector Rallies

The Nasdaq notched a record intraday high and triple-digit pop on Thursday, while the S&P 500 set another record close after semiconductor darling Nvidia (NVDA) boosted the tech sector. Wall Street also enjoyed tailwinds from the European Central Bank’s (ECB) lowered annual inflation and growth outlook. As a result, the Dow secured a triple-digit pop of […]
“The Debt Crisis Is Here”: The Conference Board Is At It Again

“The Debt Crisis Is Here”: The Conference Board Is At It Again

The Committee for Economic Development (CED) of the Conference Board recently put out “Explainer: The National Debt” which is pretty much a greatest hits of debt scare mongering. Other than the references to recent events and data, it is timeless: the authors could have put out the same report in any year since the mid-1980s, and […]
BRICS To Develop Blockchain-Based Payment System To Bypass The Dollar

BRICS To Develop Blockchain-Based Payment System To Bypass The Dollar

Image Source: Pexels In an interview on the Russian news agency TASS, Kremlin aide Yury Ushakov announced that the BRICS nations plan to develop a new payment system based on the blockchain.This sets the stage for further de-dollarization and could further undermine the status of the dollar as the global reserve currency.”We believe that creating an […]
How Are Gold, Climate Change, Bitcoin, And The Fed Related?

How Are Gold, Climate Change, Bitcoin, And The Fed Related?

A reader asked me to write about gold. O.K. Here’s something I have been thinking about after watching Fed Chair Jerome Powell’s testimony before Congress yesterday. Chart courtesy of TradingEconomics, annotations by MishBipartisan BickeringPowell’s appearance before Congress Q&A was dripping with partisanship.Republicans phrased questions to Powell blaming Biden for inflation. Democrats phrased questions to Powell […]
Overwhelmingly Bullish, Even For All Time Highs

Overwhelmingly Bullish, Even For All Time Highs

Not only has the S&P 500 returned to new highs but sentiment is also making a push higher. As shown below, the latest AAII Sentiment Survey showed more than half of respondents surveyed responded as bullish. At 51.7%, bullish sentiment is now slightly below the multi-year high from December 21st (52.9%). While a majority of respondents are […]
Confidence In The Global Economy, By Country

Confidence In The Global Economy, By Country

Measuring consumer confidence in the economy is crucial for understanding both current economic strength, as well as how consumers may be expected to act in the future.So how do people around the world feel about the global economy?This visualization uses survey data collected from October 20 to November 3, 2023 by Ipsos. It was first highlighted […]