Dow, Nasdaq Shed Triple Digits As Stocks Cool Off
Dec 30, 2024
Jeremy Parkinson
Finance
Stocks are stuck in the red as the new year approaches, with no Santa Claus rally in sight. The Dow shed 418 points today — though pared its session lows of over 700 points — for a second-straight triple-digit drop. The S&P 500 and Nasdaq each logged a third-straight loss, with both indexes retreating further […]
Is The Market Economy Inherently Unstable, Or Is Government The Culprit?
Dec 30, 2024
Jeremy Parkinson
Finance
Image Source: Pexels Following in the footsteps of John Maynard Keynes, most economists hold that one cannot have complete trust in a market economy, which is seen as inherently unstable. If left free, the market economy could lead to self-destruction. Hence, there is the need for the government and central bank to manage the economy. Successful […]
Pending Home Sales Increase For The Fourth Consecutive Month
Dec 30, 2024
Jeremy Parkinson
Finance
Image data from the NAR, chart courtesy of Trading Economics, annotations by Mish Pending Home Sales Up 2.2% in NovemberThe National Association of Realtors reports Pending Home Sales Moved Up 2.2% in November, Fourth Straight Month of Increases The Pending Home Sales Index (PHSI) – a forward-looking indicator of home sales based on contract signings – […]
PAA: A Unique Midstream Company For Income Investors
Dec 30, 2024
Jeremy Parkinson
Finance, No picture
Energy midstream stocks appeal to investors with attractive yields and steady dividend growth. These days, with the focus on providing energy for data centers and AI, midstream companies with natural gas assets get the attention. Plains All American Pipeline LP (PAA) provides midstream services focused on crude oil, meaning it’s not on the radars of […]
Santa Rally: Down But Not Out
Dec 30, 2024
Jeremy Parkinson
Finance
Image Source: Pexels The so-called Santa Claus rally refers to the market’s tendency to rise during the last five trading sessions of a calendar year through the first two of the new year. At this point, it might be something of a self-fulfilling prophecy, as experienced traders expecting the market to rise position for a bump.The […]
Healthcare And Biotech Stocks Continue Their Slide
Dec 30, 2024
Jeremy Parkinson
Finance
depositphotos Healhcare Stocks Offer No Refuge from Broad Market Sell-Off Negative sentiment for U.S.healthcare system is fallout from UNH killing. Uncertainty on health policies from TRUMP 2.0 Momentum Market is over with no new themes from life science. Biotech shares continued their slide which began in early November and got no help from small caps […]
Emerging Markets In A Protectionist World
Dec 30, 2024
Jeremy Parkinson
Finance
Image Source: Pixabay Emerging markets were huge beneficiaries of the fall of Communism and the globalization trend that followed it in 1991-2008. Since then, the story has been much darker for poor countries in all regions of the world, with many “emerging markets” ceasing to emerge and relapsing back into long-term poverty. With President Trump’s advent, […]
Invest In PONY For 40% Returns In 2025
Dec 30, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash Goldman Sachs analyst Allen Chang expects Pony AI Inc (Nasdaq: PONY) – an autonomous vehicles startup based out of Guangzhou, China to do exceptionally well in 2025.He assumed coverage of the robotaxi stock today with a “buy” rating and $19.60 price target that indicates a potential 40% upside from here.Chang is bullish on […]
When Is It Time To Sell Index Put Protection?
Dec 30, 2024
Jeremy Parkinson
Finance
Image Source: Pexels The title of this blog post is a trick question. The answer, of course, is: It’s never time to sell index put protection.Holding index puts is necessary for two main reasons: Index puts mitigate risk I’ve seen too many traders make the mistake of selling put protection at the exact wrong time. The […]
Bitcoin Price On The Brink: Could A Deeper Drop Be Ahead?
Dec 30, 2024
Jeremy Parkinson
Finance
Image Source: Pixabay Bitcoin price failed to surpass $95,500 and declined again. BTC is back below $94,500 and might revisit the $91,200 support zone. Bitcoin started a fresh decline from the $96,500 zone. The price is trading below $95,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance […]