Category Archive: Finance, No picture
Year-To-Date Returns For Major Asset Classes Continue To Fade
Image Source: Unsplash A mixed run for markets last week offered a partial reprieve, but the trend profile still skews negative overall, based on a broad measure of the major asset classes via a set of ETFs.The Global Market Index (GMI) fell again in the trading week through Friday, Oct. 27, marking the fifth weekly decline in the […]
Happy Monday So Far, With A Busy Week To Follow
Image Source: Unsplash It’s Monday morning, and we’re higher. As we noted two weeks ago, that’s become a frequent occurrence. We broke a 15-week streak last week (of course, after we wrote about it), and noted that Mondays have closed higher 80% of the time this year, when 53% has been normal for all days and Mondays […]
Here Is What Wall St. Experts Are Saying About Pinterest Ahead Of Earnings
Image Source: Unsplash Pinterest (PINS) is expected to announce third quarter results on Monday, October 30 after the market close, with a conference call scheduled for 4:30 pm EDT. What to watch for: GUIDANCE: In August, Pinterest forecast third quarter revenue growth in the high single digits and adjusted operating expense growth in the low single digits. Analysts previously […]
Onsemi Plunges As Weak Guidance Overshadows Q3 Earnings
Image Source: Unsplash Shares of Onsemi (Nasdaq: ON) fell more than 18% at the opening bell on Monday after the chipmaker issued a downbeat outlook for Q4 2023. Even though the company posted positive Q3 results, investors jumped ship on the poor guidance, taking the broader market index to fresh lows. Onsemi’s Q3 EPS and Revenue Beat Estimates […]
A Crisis Is Already Playing Out Under The Radar
The mainstream remains optimistic about the trajectory of the economy. Price inflation has supposedly been beaten down. GDP growth was even better than expected, and most economists have tabled their recession predictions. But in his podcast, Peter Schiff explained that it’s all an illusion. The financial crisis has already started, and it continues to play out […]
Bitcoin Continues To Buoy Market As Momentum Builds
Bitcoin’s momentum continued over the last seven days, with the asset currently trading at around $34,200, a gain of more than 10% in a week.Bitcoin’s price hasn’t been this strong since May 2022, when it was on its way down from its all time high. The upwards trajectory was based on further excitement ahead of ETF-related […]
Elliott Wave Technical Analysis: Berkshire Hathaway Inc. – Monday, October 30
Berkshire Hathaway Inc., Elliott Wave Technical AnalysisBerkshire Hathaway Inc., (BRK-B): 4H Chart 30 October 23BRK.B Stock Market Analysis: Looking for a different count as we have approached invalidation level and it looks like we are going to move through. Looking for a flat wave 2 as we seem to have a three wave move to the upside […]
Geopolitical Risks Fuel The Rally Of Gold And Oil. Traders Are Waiting For The Bank Of Japan Meeting
Photo by Adam Śmigielski on UnsplashAt Friday’s close, the Dow Jones Index (US30) decreased by 1.12% (-2.21% for the week), while the S&P 500 Index (US500) lost 0.48% (-2.21% for the week). The NASDAQ Technology Index (US100) closed positive by 0.38% on Friday (-2.23% for the week). Technology stocks received support on Friday from strong reports from Amazon (AMZN) and Intel (INTC). Amazon.com (AMZN) closed up […]
Solana, Optimism And Two Other Altcoins To Watch This Week
Cryptocurrencies recorded a significant upside last week, with Bitcoin leading the upsurge as it spiked to $35,000. While the lull that followed has BTC poised above $34.4k, a popular crypto investor is earmarking four altcoins for potential moves this week.According to The DeFi Investor, who shared his outlook on X, the next few days could be crucial for Solana […]
Is Currency Forced Into Circulation?
Anyone interested in money should check out JP Koning’s excellent blog. In a post discussing the ECB’s decision to stop producing 500-euro banknotes, Koning made this claim: This highlights an important point that I often mention on this blog. One of the most popular motifs of central banks is that they print cash willy nilly, forcing […]
