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Did Santa Claus Leave Town A Day Early?

Did Santa Claus Leave Town A Day Early?

Image Source: Unsplash With the exception of the Dow, stocks are down hard to begin the new calendar year. We’re seeing nice strength stem from the healthcare sector, which is being driven by a breakout to new all-time highs by Amgen (AMGN). Both Bitcoin and Ethereum made new highs too, but was that confirmation of the […]
Nasdaq Suffers Triple-Digit Loss To Start New Year

Nasdaq Suffers Triple-Digit Loss To Start New Year

After a blockbuster 2023, Wall Street started 2024 off on a sour note as all three benchmarks settled lower. The tech-heavy Nasdaq turned in the steepest loss, shedding 245 points following a bout of profit taking and a slight uptick in interest rates. The Dow and S&P 500 managed more modest losses, while investor’s “fear gauge,” the […]
Three Factors Driving Gold Bulls Into 2024

Three Factors Driving Gold Bulls Into 2024

Image Source: Pixabay There are three factors driving gold bulls as we move into the new year – the demand factor, the Fed factor, and the January factor.Gold just wrapped up its best year since 2020 with a 13 percent gain, and the yellow metal has new records in its crosshairs as we move into 2024.Gold […]
Microsoft Copilot For IOS Is Here

Microsoft Copilot For IOS Is Here

Have you been lying in bed at night, dreaming of a day when Microsoft (MSFT) would release Copilot for iPhone and iPad? Have you caught yourself daydreaming about how great it would be if you could have a standalone Copilot app instead of the standalone ChatGPT app?No? Me neither. But that’s OK, because engineers at […]
Gold Outlook In 2024: Is Geopolitical Demand Overshadowing Fed Policy?

Gold Outlook In 2024: Is Geopolitical Demand Overshadowing Fed Policy?

Image Source: Pexels Gold prices are widely expected to continue their upward march in 2024, after having returned 13% last year despite a hawkish Fed; outperforming bonds and most commodities, and performing similarly to the tech-heavy NASDAQ.As a result of a dovish Fed and expectations of rapid rate cuts, analysts at JP Morgan estimate a target price of […]
“Weaponized FOMO” Takes A Breather

“Weaponized FOMO” Takes A Breather

Image Source: Unsplash Happy New Year to all, though it might not seem all that happy to those who are long equities and bonds this morning. When the calendar turned, a key catalyst that had been driving asset prices vanished. I described it as “weaponized FOMO” during a media appearance last week[I]. Allow me to explain.Near […]
Markets Start 2024 Near (All-Time) Highs

Markets Start 2024 Near (All-Time) Highs

With the exception of the Russell 2000 (IWM) we have the S&P, Dow Jones Industrial, and the Nasdaq all up near all-time highs. There is the potential for some indices to return double tops, particularly if you look at Monthly charts like the S&P. But if over the course of the coming weeks, we see […]
Softs Report – Tuesday, Jan. 2

Softs Report – Tuesday, Jan. 2

COTTON   General Comments: Cotton closed a little higher last week in sideways trading. USDA released its weekly export sales report and the volumes sold were big and included some significant sales to China. The US economic data has been positive, but the Chinese economic data has not been real positive and demand has been down. […]
Canadian Dollar Extends Declines Against Greenback On Softer PMI Data, Weaker Crude Oil

Canadian Dollar Extends Declines Against Greenback On Softer PMI Data, Weaker Crude Oil

Photo by Michelle Spollen on Unsplash The Canadian Dollar (CAD) continues to ease back as the 2024 trading year gets underway, extending near-term declines against the US Dollar (USD) to fall a full percentage point as the first trading week of the new year gets underway.The Canadian S&P Global Manufacturing Purchasing Managers’ Index (PMI) accelerated declines on Tuesday […]
2023’s Biggest Winners In The Russell 1,000

2023’s Biggest Winners In The Russell 1,000

Image Source: Pexels In last Wednesday’s Closer, we noted how there was a somewhat elevated share of the S&P 500 experiencing gains of over 100%. Expanding to the Russell 1,000, there were 34 stocks with total returns of more than 100%. Two members of the Financials sector topped the list, Affirm (AFRM) and Coinbase (COIN), with gains […]