Category Archive: Finance, No picture
Stocks Rally Back In A Roller Coaster Session
Image Source: UnsplashStocks started flat and turned sharply, only to rise sharply following a confusing CPI report. By day’s end, it seemed clear that the only thing the CPI report seemed to confirm was that the Fed was unlikely to cut rates by 50 bps in September.The S&P 500 started the day a bit higher as implied […]
Stocks And Precious Metals Charts – Fear Not
Image Source: UnsplashA fairly in-line CPI reading seemed to have a delayed reaction in cheering the risk markets higher.VIX fell.The Dollar chopped around and finished just about unchanged.Gold backed off a bit, but silver rose with equities.PPI tomorrow.We’re in the ‘silly season’ now as the election approaches. Added to that the stresses of our irrational foreign policies […]
Powerful Rally Pulls Indices Back From Brink
Image Source: PexelsToday’s economic data generated a sizable gap down across indices which carried into the open and for the morning session. At this point, bears had all the momentum until buyers made their appearance and kept buying pressure right into the close.The net result was to leave large bullish candlesticks that offer bulls something to […]
Beautiful Gap Fill
Image Source: UnsplashBetween the Fibonacci (on the /ES) and this gap fill (on the DIA), the support was clear.More By This Author:Ackman Was Right Triple-Leveraged Victory Lap My Bearish Positions
The Cost Of Rent Up 0.4 Percent Again, CPI Rises 0.2 Percent In August
Image Source: PexelsI expected rent and OER to moderate. They didn’t. The CPI rose 0.2 percent month-over-month but fell to 2.5 percent year-over-year.The BLS reports the CPI Rose 0.2 Percent in August.Had shelter cooperated, the gain would have been much lower, which is what I expected.However, rent and owners’ equivalent rent (OER) rose 0.4 percent and 0.5 […]
Horrible Small Business Earnings
Image Source: PexelsThis morning’s NFIB Small Business Optimism Index showed disappointing results. The index was expected to show small businesses had less optimism with the index forecasted to fall 0.1 points month over month down to 93.6. Instead, the decline was much more dramatic as it fell down to 91.2; erasing all of the summer gains. One factor […]
Pendle expands yield opportunities for Bitcoin holders with new BTC pools
Key Takeaways Pendle has introduced BTC pools to provide enhanced yield strategies for Bitcoin holders. The platform’s integration with Corn’s LBTC and other BTC variants signifies its adaptability in the DeFi market. Share this article Pendle, known for its success in ETH-centric DeFi narratives, is expanding into Bitcoin yields by introducing new BTC pools, providing […]
EUR/USD Faces Key Test With Upcoming US CPI And ECB Rate Decision
The US dollar weakened a little ahead of US CPI release, as polls pointed to Harris having done better than Trump in the first presidential debate overnight. The EUR/USD managed to rebound a touch after starting the week on the backfoot, following the drop on Friday when a weaker US jobs report was not enough […]
All Eyes On Trump Harris Debate
The nation’s attention will be fixed on televisions and laptops this evening as Donald Trump and Kamala Harris participate in what may be the only publicized debate between the two presidential candidates. With polls showing them in a tight race, and their contrasting styles, the debate promises to be a lively event.Each candidate presents a […]
CUDOS may join Fetch.ai, SingularityNET, and Ocean Protocol as member of ASI Alliance
Key Takeaways CUDOS’s integration into the ASI Alliance could decentralize AI infrastructure and enhance efficiency. The merger is contingent on community approval, with detailed terms and conversion ratios set. Share this article The Artificial Superintelligence (ASI) Alliance, a collaborative initiative established by Fetch.ai, SingularityNET, and Ocean Protocol, may soon welcome CUDOS, a decentralized cloud computing […]
