Author Archive: Jeremy Parkinson
Michael Saylor publishes Bitcoin and crypto framework for the US government
Key Takeaways Michael Saylor released a framework for integrating digital assets into the US financial system. MicroStrategy expanded its Bitcoin holdings significantly, reinforcing its view of Bitcoin as a store of value. Share this article MicroStrategy founder Michael Saylor has released a comprehensive framework for integrating digital assets into the US financial system.The framework advocates […]
AskSlim Market Week – Friday, Dec. 20
Photo by Nicholas Cappello on Unsplash Technical and cycle analysis, and market commentary.Video Length: 01:14:19More By This Author:AskSlim Market Week – Friday, Dec. 13 AskSlim Market Week – Friday, Nov. 29 AskSlim Market Week – Friday, Nov. 22
3 Factors Most Likely To Influence Markets Next Year
Image courtesy of 123rf.com The year 2024 was full of milestones. Bitcoin (BTC) crossed the $100,000 price threshold, firmly leaving behind the perception burden of “rat poison squared.” After a rapid rate hiking cycle to curb inflation, the Fed started cutting interest rates in September, decreasing from 5.33% in January to 4.33% in December.The S&P 500 index crossed […]
Macro Briefing – Friday, Dec. 20
US government shutdown approaches after House rejects Trump-backed spending bill. To keep the government running, the Republican House Speaker Mike Johnson must find a way to pass legislation before midnight tonight (Dec.2). Meanwhile, the US 10-year Treausry yield shot higher again yesterday (Dec. 19), rising to 4.57%, the highest since May. The US economy grew 3.1% in the third […]
Personal Income And Spending Continue Their Positive Trend In November
Adjusted for inflation, both personal income and spending came in positive once again in November. But under the hood, the report looked a little tepid, and while it certainly wasn’t recessionary, the data was consistent with what I would expect later in the cycle of an expansion.For the record, real income rose 0.2% for the […]
Upstart Holdings Stock Analysis: Navigating AI Lending In A Mixed Market
Image Source: Unsplash Upstart Holdings Inc. (Nasdaq: UPST) operates in the fintech space, aiming to redefine traditional credit assessment with its AI-driven platform.The company uses alternative data points, alongside machine learning, to predict creditworthiness more inclusively. While this innovation has attracted partnerships with banks and credit unions, the broader adoption of its model faces challenges in a […]
Hawk Tuah girl Haliey Welch resurfaces to address her meme coin fiasco, only to get roasted by the internet
Key Takeaways Haliey Welch addressed the failure of the Hawk Tuah meme coin, which saw a 90% price drop and caused $151,000 in investor losses. A lawsuit was filed against Tuah The Moon Foundation and others, alleging the Hawk Tuah coin was fraudulently marketed as an unregistered security. Share this article Hawk Tuah girl Haliey […]
Fed Tests Gold Upleg
Image Source: Pixabay The Federal Reserve somehow surprised traders with a hawkish rate cut this week. While that had been expected, apparently the Fed’s projected rate-cut trajectory slowed even more than feared. So market reactions were violent, including the US dollar blasting higher unleashing heavy gold-futures selling. This is the latest in a long line of […]
U.S. Dollar Reprieve Sparks Grains Spike. The Corn & Ethanol Report
We kickED off the day with Core PCE Prices MoM & YoY, Personal Income MoM , Personal Spending MoM, PCE Price Inex MoM & YoY at 7:30 A.M., Michigan Consumer Sentiment Final, Michigan 5-Year Inflation Expectations Final, Michigan Consumer Expectations Final, Michigan Current Conditions Final, and Michigan Inflation Expectations at 9:00 A.M., Baker Hughes Oil […]
Business Cycle Indicators For November 2024
Consumption and personal income ex-transfers growth accelerate. Figure 1: Nonfarm Payroll (NFP) employment from CES (blue), implied NFP from preliminary benchmark (bold blue), civilian employment (orange), industrial production (red), personal income excluding current transfers in Ch.2017$ (bold light green), manufacturing and trade sales in Ch.2017$ (black), consumption in Ch.2017$ (light blue), and monthly GDP in Ch.2017$ […]
