Category Archive: Finance, No picture
Eurozone Industrial Production Surged In August
Image Source: Pexels Finally a strong number out of eurozone industry. The production boost was driven by Germany, which saw production increase by 3.3% in August, erasing losses from the 3.3% decline in July. France and the Netherlands also experienced fast growth at 1.4 and 2.2% month-on-month. This mid-quarter growth spurt will be helpful in supporting […]
Q4 2024 Outlook: Let’s Get Real
Image Source: Unsplash In our last quarterly client letter, “Winter (Rate Cuts) Is Coming,” we argued that the labor market and economy had sufficiently cooled, prompting the Federal Reserve to consider cutting interest rates for the first time in more than four years, especially as inflation began to ease. At that time, we maintained a neutral […]
Big Banks Have Reported Q3 Earnings: What’s Next For Their Stock Prices?
Image Source: Pexels Shares of major US banks have shown resilience after reporting their third-quarter financial results, and this momentum may continue through the end of the year and into 2025, according to Anton Schutz, President and Chief Investment Officer of Mendon Capital Advisors.Schutz sees further upside for bank stocks, particularly as they historically perform better […]
Next Test For China
Image Source: Unsplash Chinese stocks have clearly dared to glance at a tiny bit of reality, as the absurd burst from weeks above has partly dissipated.The next key test for the Hang Seng is the price gap at 19954.06. Break it, and bears will continue to smash the vases in the gift shop. More By This Author:Ratio […]
The Trinity Trade Explained
Image Source: Unsplash Last week, I sent over a letter asking if you were ready for the New Economic Era. I asked you to drop me a note if you were interested, and a fair number of you found your way into my inbox.But since I feel so strongly about this emerging “Trinity Trade,” I wanted to […]
Softs Report – Tuesday, Oct. 15
COTTON General Comments: Cotton was lower yesterday and trends are turning down on the daily charts as continued stressful weather was seen in the south but export demand was less. USDA cut production and demand in its reports released on Friday and ending stocks were increased a little bit to 4.10 million bales. There are […]
Litecoin spikes 10% as Canary Capital applies for spot Litecoin ETF
Key Takeaways Litecoin briefly surged past $70 after Canary Capital filed with the SEC for a Litecoin ETF. Given that the SEC views most crypto assets as securities, it remains unclear whether the ETF will get the greenlight. Share this article Litecoin (LTC) jumped 10% to $70.8 briefly after Canary Capital, a crypto-focused investment management […]
Labor Is On The Fed’s Side Against Inflation
U.S. Federal Reserve Chairman Jerome Powell faces a central banker’s most difficult task: cooling out-of-control price rises without choking the labor market. Conventional wisdom holds that these goals are in irrevocable tension. But now, labor is doing its part to reconcile the two. A steady flow of new workers and an uptick in productivity mean […]
Canary Capital files for Litecoin ETF with SEC filing
Key Takeaways Canary Capital’s Litecoin ETF aims to simplify investor access to Litecoin. The ETF will secure Litecoin in cold storage to minimize security risks. Share this article Canary Capital has officially filed for a Litecoin ETF with the SEC, following its recent submission for an XRP ETF earlier this month. According to Canary Capital, the […]
Trump-backed WLFI token sale falls short, raising just $5 million in first hour
Key Takeaways Trump-backed WLFI token sale underperforms despite 344 million tokens sold. WLFI aims for a $1.5 billion valuation on Ethereum. Share this article The Trump family-backed World Liberty Financial (WLF) token sale launched earlier today, raising only $5.5 million in its first hour. Over 344 million WLFI tokens were sold to nearly 2,900 wallets during […]
