Category Archive: Finance, No picture
Time To Buy META Stock As It Nears All-Time Highs?
Image Source: UnsplashMeta Platforms (META – Free Report) stock has now soared over +60% this year, hitting all-time highs of $576 a share on Wednesday. Surely investors are wondering if another leg higher is in store for the social media pioneer’s stock.To address the plausibility of such, let’s see what’s been moving Meta’s stock higher and gauge if […]
The New MU Revue
Image Source: UnsplashThe stock that’s on fire (in a bullish way) after hours is Micron (MU) which, on the heels of strong earnings, is up nearly 15%.I am delighted to report I have absolutely no position in this beast, but I’ve just got to say, let’s keep an eye on this one Thursday morning. I’m not sure if I’ve ever traded […]
Australian Dollar Receives Support From Divergent Policy Outlooks Between Central Banks
Image Source: Unsplash The Australian Dollar gains ground as the RBA and Fed adopt different policy outlooks. The Reserve Bank of Australia is highly expected to keep interest rates unchanged in the near future. The US Federal Reserve may deliver more rate cuts by the end of this year. The Australian Dollar (AUD) retraces its recent […]
Diffusion Indexes For August
Image Source: PexelsCFNAI and state-level coincident indices suggest softening in activity.Figure 1: CFNAI diffusion index (blue, left scale), and coincident index diffusion index for 3 month changes (tan, right scale). NBER defined peak-to-trough recession dates shaded gray. Source: Chicago Fed via FRED, and Philadelphia Fed, NBER.Note that CFNAI diffusion index reading of -0.17 is above the -0.35 […]
Defensive Posture: Dump Financials, Stock Up On Utilities And Tech
Image Source: UnsplashIf you didn’t know any better, looking at the market this afternoon, you’d think “Hm. Quiet. No volume.” And you’d be right… but this market is going to wake up.How do I know? You can tell a lot by following the flow of cash out of one sector and into another. Go figure.Right now […]
Economic Data Under The Microscope, But Surveys May Be Skewed By Politics
Image Source: PexelsMARKETSU.S. stocks took a hiatus from record highs as the financial markets hit the pause button ahead of Friday’s big inflation data drop. The initial euphoria from the Fed’s jumbo rate cut is fading, and all eyes are now on the economy, with every macro tidbit under a microscope. Investors are weighing whether the […]
Stocks Fall But Feel Stuck…For The Moment
Image Source: UnsplashDespite the S&P 500 closing flat today, it was a reasonably weak session overall. Within the index, only 132 stocks advanced, while 368 declined. The Bloomberg 500 indicates that the “Troubling Three” stocks did all the heavy lifting today.(BLOOMBERG)Despite the S&P 500 Equal Weight Index declining by approximately 70 basis points today and the […]
Russell 2000 Morphs Into Double Top
Image Source: PexelsThe Russell 2000 had created a resistance break in the move back to the July spike high, but today’s loss ended that, opening up the possibility for a double top. Confirmation won’t come until there is a loss of $205, and technicals are net bullish. There is also price support in the nearby 20-day […]
Stocks And Precious Metals Charts – Rustling Leaves, Whispers On The Lips Of The Dead
Image Source: UnsplashStocks turned in a very mixed performance today, with the broader market showing the greatest weakness, and the heart of the bubble, the tech stocks, showing more resilience.The Dollar took back the 50 cents it gave up yesterday. Gold was unchanged. Silver gave up some ground back to the 32 handle.VIX wallows.War fever continues to […]
Harris vows to keep US ‘dominant’ in blockchain and AI technologies
Key Takeaways Kamala Harris advocates for US leadership in blockchain to shape the future economy. Harris’s economic plan includes a strong emphasis on digital assets and AI. Share this article Vice President Kamala Harris pledged that under her leadership, the United States would “recommit” to global dominance in emerging technologies such as blockchain, AI, and […]
