Author Archive: Jeremy Parkinson
MicroStrategy to join Nasdaq 100 with $2.1 billion in ETF share buying expected
Key Takeaways MicroStrategy is set to join the Nasdaq 100 Index, with an official announcement expected on December 13. MicroStrategy’s Nasdaq 100 inclusion could drive $2.1 billion in ETF share buying. Share this article MicroStrategy is expected to join the Nasdaq 100 Index on December 23, with an official announcement scheduled for this Friday, December […]
Turnaround Tuesday: 3D Printing, Finally
An Israeli company, Stratasys Ltd., saw shares climb after the company raised its earnings outlook for the year and unexpectedly turned an adjusted profit in the third quarter. I have waited for a very long time for companies who pioneer 3D printing to begin to turn profits as they have spent massive amounts of money on […]
Strategic Reserves And Stuff
Image source: Pixabay Sorry for the brief hiatus. I’ve had my head down working on my new book which is due in a few weeks here. I am having a blast writing it which is either indicative of my own delusions or something readers will really enjoy. Perhaps both. Anyhow, here are some things I am […]
The Case For Accelerating Inflation Is Weak
No economic news again today. Tomorrow we will get the CPI report for November. As to which, I have read a few posts in which the claim is made that inflation, especially core inflation, is picking up again. It certainly could happen, but in my opinion the evidence for such a claim at present is […]
The Likelihood Of A Plaza Accord 2.0
Mark Sobel at OMFIF discusses the likelihood of an new Plaza Accord to depreciate the dollar. Given one would need Euro area and Chinese agreement, the assessed likelihood is low A Mar-a-Lago Accord also would be inconsistent with Europe’s cyclical situation. A devalued dollar would be tantamount to a stronger euro. That could be achieved by […]
Stocks And Precious Metals Charts – CPI Coming Out Tomorrow
Stocks were slumping again today.VIX marked time.The Dollar ticked up.Gold rallied sharply higher up to key overhead resistance.Silver moved sideways.CPI data coming out tomorrow.It may impinge on the Fed rate decision later this month.Have a pleasant evening. More By This Author:Stocks And Precious Metals Charts – Stocks Slumped Today Stocks And Precious Metals Charts – […]
Small Business Facts Vs. Feelings
Early this morning, the National Federation of Independent Business (NFIB) released its November survey for small business sentiment. As shown below, the headline Optimism Index surged by 8 points month-over-month for its biggest jump since 1980 and up to the highest level since June 2021. The main catalyst for the surge in optimism was the election. […]
Bitcoin: Floating On Air
Image Source: Pixabay A simple observation on Bitcoin reveals that it’s floating on air following its parabolic breakout above 70,000 during the week of November 4, as shown on the following weekly chart.A break and hold below 90,000 could see a retest of major support at 70,000, or, at least, a pullback from its high of 103,990 to around 86,995 (50% of the difference between 103,990 & 70,000 = […]
Stocks Are Catching Their Breath Now – And You Should, Too
Image Source: Unsplash We’ve seen a big shift in sentiment over the past few sessions, with players moving from enthusiastically bullish to increasingly concerned with downside risks in the market.There’s no denying we’re extended way up here near the highs, and, at this point, I’d welcome a couple of weeks of sideways price action, the better […]
Gold Prices Outlook: The Lower It Goes, The Better It Gets?
Image Source: Pexels Case for Gold Prices Beyond $3,000/Oz Remains Strong The price of gold has come under fire recently…so, has my gold prices outlook changed?On November 25, the yellow precious metal dropped the most it has within a day (open to close) in a while, which opened the floodgate of investors questioning whether gold is […]
