Category Archive: Finance, No picture
New Home Affordability Crisis Enters 28th Month
As of July 2024, the median new home sold in the United States has been above the threshold of affordability for a family earning the median household income for 28 consecutive months. The last month in which the typical new home sold in the U.S. was within the affordable reach of the typical household was […]
Psychedelic Compound-Based Drug Stocks Portfolio -13% W/e Sept. 6th
IntroductionWhile the psychedelic compound-based drug market is expected to triple over the next few years which should create many winning stocks in the years to come, the stocks of the companies involved are having growing pains. Some BackgroundShares of clinical-stage companies developing treatments based on psychedelic compound-based drugs moved lower in early August after the U.S. […]
Euro Underperforms On Data Drag
We’re back to seeing some Dollar selling and demand for stocks after things had gone south at the end of last week. Stocks were already happy to bid back up on Monday, before the US Dollar finally relented later in the day.Video Length: 00:0:58More By This Author:An Ugly Combination Of Data All Eyes On US […]
Gold Has Stuck. Waiting For Breakout, Gold Analysis & Gold Forecast – Tuesday, September 10
Today you will see GOLD price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD. What to expect where the price will breakout for the XAUUSD based on the supply and demand zones.Video Length: 00:02:42More By This Author:Platinum Trading Strateg, Analysis And Forecast – Monday, […]
Metaplanet buys ¥300 million worth of Bitcoin, now holds nearly 400 BTC
Key Takeaways Metaplanet has increased its Bitcoin holdings to nearly 400 BTC with a new ¥300 million investment. The company aims to capitalize on favorable tax treatment available through their partnership with SBI Group’s crypto arm, SBI VC Trade. Share this article Metaplanet, a Japanese publicly traded company often referred to as “Asia’s MicroStrategy,” has […]
Asia Morning Bites For Tuesday, Sept 10
Image Source: Unsplash Global Macro and Markets Global Markets: Risk-off sentiment stabilized overnight and US equities rebounded on dips buying after Friday’s sell-off. As the non-farm payrolls (NFP) numbers failed to convince for a 50bp cut, markets are now looking to the US inflation data (Wednesday release) to understand the pace of the Fed’s rate cuts. […]
BlackRock reports third day of outflows, but US Bitcoin ETFs still snap losing streak
Key Takeaways BlackRock’s iShares Bitcoin Trust faced a $9 million withdrawal on September 9. US Bitcoin ETFs reversed an 8-day outflow trend with over $28 million in net inflows. Share this article BlackRock’s iShares Bitcoin Trust (IBIT) saw around $9 million in net outflows on September 9, marking its third day of outflows since its […]
Stocks Jump, But Are Nearing Two Big Levels Of Resistance
Image Source: UnsplashStocks finished the day higher, gaining around 1% on the S&P 500. It felt like a day of implied volatility crush, amplified by a negative gamma regime. There didn’t seem to be a better way to describe it.The VIX fell below 20, which helped to boost the S&P 500. However, this may not last, […]
The S&P 500 Surges As “Shiny Objects” Distract Investors
Image Source: PexelsThe big index was up nicely today (after the worst week since Silicon Valley Bank blew up). Verizon (VZ) and Nvidia (NVDA) led the way as Apple (AAPL) failed to dazzle with its product-line reveal.If you take a step back and consider the market’s current prospects, it becomes clear that, for everything that’s happened, […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Monday, Sept 9
Image Source: PexelsMonday’s trade sort of left me and others “scratching their heads” with the likely turn back towards “risk on” trading. Not sure if that is the case just yet, so I am leaving much of the chart in tandem with regard to the Elliott labeling and allowing for another day of trading to clear […]
