Category Archive: Finance, No picture
3 Potential Stocks Set Up For A Historically Performant November
Image Source: Unsplash Following Tuesday’s Halloween, the holiday season is ahead just after Thanksgiving on November 24th. During the season, there is typically an uptick in retail sales. Case in point, MasterCard SpendingPulse data showed a 7.6% year-over-year increase from November 1 to December 24, 2022.Alongside ramped-up consumer spending, mutual funds and pension funds rebalance their portfolios, leading to […]
Grains Report – Wednesday, November 1
Photo by Polina Rytova on UnsplashDJ CBOT Delivery Intentions: Totals – Nov 1 Source: CME Group Contract Quantity Next Trade Commodity Month Delivery Day Assigned Today Date Available SOYBEAN November Nov 02, 2023 438 Oct 20, 2023 WheatGeneral Comments: Wheat markets closed lower yesterday in search of new demand. Trends are turning down in all three […]
Choppy Markets & Volume – The Corn & Ethanol Report
Photo by Waldemar on UnsplashWe kickoff the All Saints Day and month of November with MBA 30-Year Mortgage Rate, MBA Mortgage Applications, MBA Mortgage Market Index, MBA Mortgage Refinance Index, and MBA Purchase Index at 6:00 A.M., ADP Employment Change at 7:15 A.M., S&P Global Manufacturing PMI Final at 8:45 A.M., ISM Manufacturing PMI, JOLT’s […]
Could Netflix Stage A Comeback?
Image Source: Unsplash Netflix (Nasdaq: NFLX), one of the favorite names on Wall Street, experienced a dramatic decline in its share price in 2021. This downward trajectory extended into 2022 as the company grappled with diminishing subscriber numbers and lackluster earnings reports. However, the tides began to shift toward the end of last year as Netflix witnessed a notable […]
The Energy Report: Supreme Insult
Photo by Bailey Alexander on UnsplashIran’s funding for Hamas and Hezbollah terror operations continues to be driven by Iranian oil revenue that by recent standards for Iran is just rocking. Iran is boasting today that their oil production has risen to 3.4 million barrels of oil a day as Iran’s so-called Supreme Leader Ali Khamenei […]
Japan’s Slow-Motion Train Wreck
Japan is in the midst of a slow-motion train wreck. The country has a massive national debt and it is starting to feel the pressure of rising interest rates. In his podcast, Peter Schiff talked about the situation in Japan and pointed out some disturbing parallels to what’s happening in the US.The Japanese yen against […]
Inflation Continues To Decline In The Eurozone. Investors Are In No Hurry To Invest In Chinese Stocks
At Tuesday’s stock market close, the Dow Jones Index (US30) increased by 0.38%, while the S&P 500 Index (US500) added 0.65%. The NASDAQ Technology Index (US100) closed positive 0.48% yesterday. Stocks closed moderately higher on Tuesday amid mostly better-than-expected corporate earnings results.The US economic news released Tuesday was mixed for the dollar and stock indices. On the positive side, the third quarter […]
Costco Wholesale Corp. Elliott Wave Technical Analysis 1 November 23
Costco Wholesale Corp., Elliott Wave Technical AnalysisCostco Wholesale Corp., (COST): 4h Chart 1 November 23COST Stock Market Analysis: We have been looking for upside continuation after the completion of the triangle in wave (4). At this stage we have been forecasting a flat correction into wave 2, confirming the overall upside trend.COST Elliott Wave Count: Wave {c} […]
The Commodities Feed: Central Banks Increase Gold Reserves
The latest data from the World Gold Council shows that central banks purchased around 800 tonnes of gold over the first three quarters of 2023 as geopolitical uncertainty pushed them to diversify more towards safety assets. The trend is likely to continue in the fourth quarter amid tensions in the Middle East. Energy – US oil inventory […]
Japanese Fireworks Continue As The Market Turns To The FOMC
The FOMC meeting is today’s highlight but the drama in Japan continues to rivet the market. The Ministry of Finance warned of the risk of material intervention in the foreign exchange market, and the BOJ bought bonds in an unscheduled operation a day after its downgraded the 1.0% cap to a reference rate, whatever that […]
