It Is A Big Week Of Economic Data As Bearish Technical Patterns Haunt Stocks
Oct 27, 2024
Jeremy Parkinson
Finance
It will be a big week for earnings and economic data, likely setting the tone for the coming weeks. It feels like something has fundamentally shifted in this market, which appears to be churning at the top. Yes, the S&P 500 has managed a gain of roughly 3% since mid-July, making a new high, but the Nasdaq has not made a new […]
Large-Cap Stocks In Trouble – Sunday, Oct. 27
Oct 27, 2024
Jeremy Parkinson
Finance
Image Source: Pexels Over the past twelve months ten Large-Cap stocks have underperformed all others. Here’s this week’s top 10 worst performing Large-Caps in the last twelve months: Name 1 Year Price Returns (Daily) Walgreens Boots Alliance (WBA) -52.49% Humana (HUM) -48.85% Dollar Tree (DLTR) -38.48% APA (APA) -37.23% Paycom Soft (PAYC) -35.33% Estee Lauder Companies […]
Platinum Trading Strategy, XPTUSD Analysis And Forecast
Oct 27, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash Today you will see PLATINUM price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XPTUSD.What to expect where the price will breakout for the XPTUSD based on the supply and demand zones.Video Length: 00:02:40More By This Author:Gold Trading Strategy, XAUUSD Analysis & Forecast […]
Oracle Stock Price Forecast: Brace For A Brief Retreat
Oct 27, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash Oracle (ORCL) stock has silently done well in the past decades, transforming Larry Ellison into the fourth-richest person globally with a $186 billion fortune. It has risen in the last two consecutive months and is sitting near its all-time high of $180. Oracle shares have soared by over 346% in the last decade, outperforming other traditional […]
Gold Taps A Ten-Year Frontier
Oct 27, 2024
Jeremy Parkinson
Finance
‘Tis taken ten years, but what just happened?“Well, mmb, I’m gonna take a stab at this: for the 207 trading days so far this year, Gold has made a record high for 37 of ’em.”A spot-on and well sussed-out observance there, Squire, but that’s not our highlight. Rather, the answer is in the above Gold […]
WMA: Bitcoin Drops To $67,000 After Turbulent Week For The Market
Oct 27, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash This Week’s Summary The crypto market ends the week at a total market capitalization of $2.29 trillion. Bitcoin decreased by over 1% to trade at around $67,500. Ethereum is down by over 6% to trade above $2,400 again. XRP is down by 5%, Toncoin by 7%, and Shiba Inu by 8%. Almost all […]
6-Week Win Streak For Stocks Just Ended
Oct 27, 2024
Jeremy Parkinson
Finance
Image Source: Pixabay The S&P has been on a tear of late, rising on a weekly basis for six consecutive weeks.That kind of win streak doesn’t happen very often.And…it ended on Friday.Not only did stocks close down for the week (slightly), but they broke out of the rising wedge technical pattern they’ve been trading in — […]
Real Estate Bubbles: Rent Prices Going Up Or Down?
Oct 27, 2024
Jeremy Parkinson
Finance
The Change in Rent Prices in Bubble Markets Across real estate bubble cities, average rent prices have increased 5% since mid-2022 in real terms, while inflation-adjusted home prices have dropped 15%.This has played a role in lowering bubble risk over the last two years. In this way, higher rent prices reflect fundamental demand, such as […]
A Golden Cup And Handle
Oct 27, 2024
Jeremy Parkinson
Finance
Image Source: Pixabay Gold is currently up more than 30% year-to-date while the S&P 500 is up more than 20% at the same time. If both are able to hold onto their gains into year-end, it will be the first time that has happened since 1976 when we were fully off the gold standard. Gold has […]
September Coincident Indexes
Oct 27, 2024
Jeremy Parkinson
Finance
Image Source: Pexels Three month growth rate 2.7% and, 3 month diffusion index at 48. Figure 1: 3 month annualized growth rate in the Coincident Index for the US (blue, left scale), 3 month growth rate diffusion index (tan, right scale). NBER defined peak-to-trough recession dates shaded gray. Source: Federal Reserve Bank of Philadelphia, NBER, and author’s calculations. […]