Category Archive: Finance, No picture
Stocks And Precious Metals Charts – Sliding Contentedly Into The Abyss
Image Source: PexelsStocks had the wobbles today, but managed to hang on to their perches.Gold and silver also marked time in place.The Dollar fell.The VIX remains supine.The FOMC will be making some noises this week on Wednesday.The expectations are for a 50 bp cut. A 25 bps cut will disappoint. Doing nothing will shock.There is an option expiration […]
MicroStrategy doubles down on Bitcoin, proposes $700M convertible notes to fund BTC acquisition
Key Takeaways MicroStrategy wants to use new $700M note issuance to manage debt and expand Bitcoin reserves. Recent purchase boosts MicroStrategy’s bitcoin holdings to 244,800 BTC, reinforcing its position as a major corporate holder. Share this article MicroStrategy, a pioneer in corporate Bitcoin adoption, announced today its plan to offer $700 million in convertible senior […]
Four Day Rallies Reach Peak; Market Reversals Next?
Image Source: PexelsAfter blasting through 20-day and 50-day moving averages with little fanfare, the S&P, Nasdaq and Russell 2000 (IWM) all finished with topping doji, opening up the possibility for gaps down tomorrow and bearish “evening star” candlestick formations.The Nasdaq is looking the most bearish of these indices as it stalls out at channel resistance. Its […]
The Fed “Train” Is Leaving The Station: Destination Unknown
Image Source: UnsplashThe markets are pricing in the first rate cut in more than four years. As of this writing, it looks like we can expect a 50-basis-point cut on Wednesday, with a 50% probability of a 1.25% cut by December.That’s fast… but what’s the hurry? Is the Fed that desperate to accommodate the mountain of […]
When Tariffs Last Bloomed – Soybean Edition
Image Source: UnsplashOr, have US soybean exports recovered since Trump last reigned? Not in volumes.Source: Colusi, et al. (2024). Marking for trade war in 2018 by author.2023 exports are below 2017 levels. USDA forecast for 2024/25 marketing year (9/1/24-8/31/25) is 1.875 bn bushels, vs 1.6 bn bushels for 2023/24, or about 17% increase.More By This Author:Manufacturing: When Tariffs […]
Our Conservative Cannabis Stock Portfolio Continues To Outperform
Image Source: UnsplashIf you would like to make an investment in the cannabis sector but are wary of the volatility it exhibits then consider the 5 tobacco, beer, and distiller/vintner companies that have major investments in the cannabis sector. Their stock performances are steady week after week – and month after month – and in the […]
5 Stocks Fueling Nasdaq ETF’s Best Week In 2024
Image Source: PexelsWall Street logged strong gains last week, with the Nasdaq Composite Index outperforming. The tech-heavy index climbed 5.9%, marking the best week of this year. Invesco QQQ (QQQ – Free Report), which serves as a proxy to the Nasdaq Index, gained 5.9% last week.We have highlighted the five stocks of QQQ that led the way higher in the […]
Manufacturing: When Tariffs Last Bloomed
Image Source: PexelsLest we forget, a visual recap of what exactly happened when Trump started announcing Section 232 and Section 301 measures.Figure 1: Manufacturing employment (bold black, left scale), hours (light blue, left scale), production (green, left scale), valued added (red, left scale), all in logs 2018M07=0; and capacity utilization (purple, right scale). Source: BLS, Federal Reserve, […]
Polymarket traders see 99% chance of rate cuts this week
Key Takeaways Expected rate cuts could drive Bitcoin prices higher as investors seek riskier assets. Share this article Polymarket traders are overwhelmingly betting on a Federal Reserve rate cut this week, with odds at 99% for a reduction at the upcoming September 18, 2024 meeting. Traders are anticipating a 25 basis point cut, which would […]
Airline Stocks Poised For A Strong Second Half In 2024
Image Source: UnsplashAs we move into the final stretch of 2024, many investors may be asking themselves: Is it time to give airline stocks another look? According to a new report from Bank of America (BofA), the answer might very well be yes.Despite the turbulence the airline industry has faced in recent years—from pandemic shutdowns to […]
