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S&P 500, Nasdaq Fall As Economic Data, Bond Yields Weigh

S&P 500, Nasdaq Fall As Economic Data, Bond Yields Weigh

Stocks are mostly lower today, with the S&P 500 Index (SPX) and Nasdaq Composite Index (IXIC) erasing early-morning gains as jobs data send Treasury yields higher, reigniting concerns about the Federal Reserve’s upcoming rate-cut decisions. The Institute for Supply Management reported faster-than-expected growth in the U.S. services sector for December, signaling that inflation may be more persistent […]
AI Drug Discovery Stocks: Recursion Pharmaceuticals Has A Long Road Ahead

AI Drug Discovery Stocks: Recursion Pharmaceuticals Has A Long Road Ahead

Among the various use-cases for AI, healthcare has been one of the interesting ones. Recursion Pharmaceuticals (RXRX) is one such notable player in the industry that has successfully leveraged AI in drug discovery. Recursion’s OfferingsSalt Lake City-based Recursion Pharmaceuticals operates on a mission to “Decode Biology to Radically Improve Lives”. It was set up in 2013 […]
Arthur Hayes predicts Q1 Bitcoin top amid Treasury and Fed liquidity shifts

Arthur Hayes predicts Q1 Bitcoin top amid Treasury and Fed liquidity shifts

Key Takeaways Arthur Hayes projects a Q1 Bitcoin peak driven by a $612 billion liquidity injection, combining Federal Reserve and Treasury impacts. Hayes eyes DeSci opportunities, positioning investments ahead of a forecasted cycle peak. Share this article Arthur Hayes, former BitMEX CEO and current CIO of Maelstrom, forecasts that Bitcoin will reach a local top […]
GBP/USD Retreats Below 1.2500 On Strong US Services PMI, JOLTS Data

GBP/USD Retreats Below 1.2500 On Strong US Services PMI, JOLTS Data

The Pound Sterling rose to a new four-day peak of 1.2575 on Tuesday after posting its biggest gain in the last three days. The Washington Post revealed that US President-elect Donald Trump’s advisers considered applying tariffs to specific imports, weakening the Greenback, which of late was boosted after upbeat US data. The GBP/USD trades at 1.2495, down […]
Get Ready For New All Time Highs

Get Ready For New All Time Highs

Yesterday, I noted that the S&P 500 has a clear Head and Shoulders pattern. As a result of this, the bears were convinced that a top was in.Unfortunately for them, investing is rarely easy or obvious. And everyone and their mother saw that pattern forming. Thus, the odds of it actually working out in their […]
FTX EU sold to former FTX employees’ Backpack Exchange for $32.7 million

FTX EU sold to former FTX employees’ Backpack Exchange for $32.7 million

Key Takeaways Backpack Exchange has acquired FTX EU for $32.7 million with regulatory approval from Cyprus and the FTX bankruptcy court. With a launch in Q1 2025, Backpack aims to become Europe’s sole regulated provider of perpetual futures, leveraging its MiFID II license. Share this article Backpack Exchange, founded by former FTX and Alameda Research […]
Economically Weighted Ism Indexes For December Forecast Continued Expansion

Economically Weighted Ism Indexes For December Forecast Continued Expansion

We got two significant economic releases this morning. First, let’s take a look at the ISM services index. I’ll examine the November JOLTS report separately.Recall that services are about 75% of the economy. Thus, even if goods production is contracting, their share of the economy has declined to the point where that does not necessarily […]
Cable Can Be Looking For The Support

Cable Can Be Looking For The Support

Cable recently touched a new low at the 1.23-1-24 area, marking a five-wave decline from the 2024 highs rather than a three-wave move. This suggests the five-wave drop could come to an end at the start of the year, possibly in the 1.23 area, because it can be potentially trading now in 5th wave. Also, […]
Transition To A New Global Monetary System

Transition To A New Global Monetary System

Our current/old systemThe last systemic or significant change in our Federal Reserve’s monetary policy occurred in 1971, when gold backing to our dollar was completely removed, and the United States transitioned to a centralized, completely fiat monetary system.  While president Nixon is generally attributed for this action, in reality it was the previous decade’s government […]
Netflix Inc. Stocks Elliott Wave Technical Analysis – Tuesday, January 7

Netflix Inc. Stocks Elliott Wave Technical Analysis – Tuesday, January 7

NFLX Elliott Wave Analysis Trading LoungeNetflix Inc., (NFLX) Daily ChartNFLX Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave 4 of (5).DIRECTION: Upside within wave 5 of (5).DETAILS: Looking for a bottom in wave 4 in place or soon to be. Wave 3 is just a bit short of 1.618 3 vs. 1, looking for overall upside […]