Category Archive: Finance, No picture
Asia Morning Bites For Friday, Sept 13
Image Source: Unsplash Global Macro and Markets Global Markets: US Treasury markets had a fairly uneventful Thursday. 2Y yields were essentially unchanged over the day, while the 10Y yield edged up just over 2 basis points to 3.674%. There was more action in FX markets, where EURUSD rose to 1.1075 in late trading after shrugging off the […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Thursday, Sept 12
Image Source: PexelsTonight, I review the triangle count and the alternate(s) for both the NQ and ES. The markets have not been easy to visualize within an EW count. When I take into consideration the additional information that comes from the “flows” – (capital, options, and gamma) I am continuing to view the NQ and ES […]
This Bull Trap Could Be Our Biggest Win Of This Week
Image Source: Unsplash One day left – let’s finish strong! Markets continued pushing higher after this morning’s 2-Leg Pullback…We’re still very bullish, but I see (3) reasons why this BULL TRAP could be our biggest win of the week!Emini and Nasdaq are both bullish into ranges tonight, and I’d love to short one of these (3) […]
A Steeper Curve May Cause The Technology Sector To Sink Further
Image Source: UnsplashI noticed something today that I hadn’t seen before in the same way, and it could help us understand why the equity market behaves in such unusual ways. It’s clear that owning mega-cap technology has been the “higher for longer” trade, but what’s even more apparent now is how that trade is being timed.The […]
Stocks And Precious Metals Charts – A Disturbance In The Force
Image Source: PexelsMarkets looked at the economic data this morning and decided that the Fed is going to be handing out some rate cuts in short order.And so we saw the reactions to expectations of lower rates.Stocks rose sharply.Gold and silver took off, breaking up and out through resistance, and gaining ground all the way into […]
Gold Surges To New Record High After Hot PPI As ECB/WSJ Trigger Dollar Dump
Image Source: UnsplashECB cut rates by 25bps as expected (along with a stagflationary cut to growth and hike to inflation forecasts) but all eyes were on US data. A hotter than expected PPI followed the hotter than expected core CPI pushed rate-cut expectations lower (although jobless claims fell). Interestingly, rate cut expectations for 2024 jumped after the […]
Nationwide Grocery Prices At 2024M01 Levels
Image Source: PexelsFrom the CPI release:Figure 1: CPI – food at home (blue), ERS forecast as of January (red triangle), ERS forecast as of August (light blue square), Chained CPI – food at home (light green), all normalized to 2020M01=1.00. Chained food at home CPI component seasonally adjusted by author using X-13 (in logs). Source: BLS, USDA ERS, […]
Moderna Slashes R&D Budget, Stock Plummets Amid Profitability Concerns
Image Source: UnsplashModerna, Inc. (MRNA) announced today a significant reduction in its research and development budget, sending shockwaves through the biotech industry and causing its stock to plummet. The company, known for its mRNA technology and COVID-19 vaccine, plans to cut $1.1 billion from its R&D spending by 2027 as it grapples with commercial setbacks and a […]
What’s Behind The Recent Rally In Crude, Looking Ahead What’s Next?
Image Source: UnsplashThe price of West Texas Intermediate crude bounced 6 percent from a recent low. What’s going on?Chart courtesy of Investing.Com, annotations by Mish.Note that Investing inverts the month and day vs US standard order. U.S. readers may find this confusing. Might I suggest an order set by location or a switch set by the […]
Trump to launch DeFi protocol next Monday
Key Takeaways Trump’s World Liberty Financial DeFi project launches on September 16. The launch event will be live-streamed on Twitter Spaces. Share this article Former President Donald Trump announced plans to launch “World Liberty Financial,” a decentralized finance (DeFi) protocol, next Monday, September 16, at 8 pm via Twitter Spaces. .@WorldLibertyFi pic.twitter.com/rHEGQXl4jL — Donald J. […]
