Category Archive: Finance, No picture
This Fakeout Breakout Could Be Our Biggest Win Of The Week
Image Source: Unsplash NVDA Earnings tomorrow, are you ready? Markets are range-bound ahead of the biggest news of the week…Combine that with our bullish bias on the 60min chart and it’s easy to see why this Fakeout Breakout could be our biggest win of the week! E-Mini S&P (ES): Emini is bullish into a range, […]
The Canadian Banks Find Reasons Not To Give Out Loans
Image Source: PexelsSeemly, the poor outlook for the Canadian economy has gone largely unnoticed this summer, perhaps from benign neglect as millions of Canadians take time to enjoy the short-lived summer months. Nonetheless, a deteriorating set of economic variables continues to reveal an economy, if not in recession, at best on the brink of contracting. In […]
“Master Stock Market Trends: Elliott Wave Insights For SP500 & Nasdaq 100”
Image Source: UnsplashElliott Wave Analysis Indices: SP500 and Nasdaq Minor Elliott Wave 4 appears to be completed with the help of stocks like AAPL, NFLX, and NVDA. The smaller markets RUT, DAX 40 FTSE and ASX200 are also still very close to the counts on the SP500, which is leading higher over the Nasdaq finding the […]
Gold Hits New Record High, Bitcoin Battered As NVDA Earnings Loom
Image Source: UnsplashConsumer sentiment lifted modestly today (headline Conf Board) but under the hood it was a shit-show with labor market weakness accelerating and purchasing-plans puking. Regional Fed surveys were also ugly (as home prices hit new record highs).That ‘bad’ news prompted a dovish shift in rate-cut expectations (with attention once again shifting to 2024 from 2025)…Source: BloombergThe […]
Gold Price Clings Near All-Time Highs Amid Softer US Dollar
Image Source: Unsplash Gold rises in risk-on setting, shrugging off robust US data as the US Dollar hits a 12-month low. Powell’s dovish remarks keep US Treasury yields stable, pressuring the US Dollar and boosting Gold. Focus shifts to upcoming core PCE and job data, crucial for Fed decisions; rate cut prospects bolster Gold. Gold prices […]
Dow Jones Industrial Average Treads Water On Quiet Tuesday
Image Source: Unsplash The Dow Jones index softened on Tuesday after reaching fresh record highs this week. Mixed housing figures gave markets little to chew on as traders await rate cuts. US PCE print due at the end of the week marks a critical read on inflation. The Dow Jones Industrial Average (DJIA) was softer on […]
Case-Shiller Home Price Index Hits Another New Record High
Image Source: UnsplashPeople who want a home but cannot afford one keep watching home prices soar out of sight. The Fed says this isn’t inflation.Measuring PricesCase-Shiller measures the price of the same home over time.Median and average prices have no consistency on number of rooms, square footage, location, amenities, lot size, or quality of construction.Median and […]
Dow Rallies 200 Points To New Record, Completing Comeback From Early August Rout
Image Source: UnsplashAnd that volatility and ultimate market rally is the exact thesis of recent Do You Ever Wonder podcast guest, money manager, and behavioral financier Jonathan R. Blau with over $1.5 billion in AUM!Jonathan’s point…’Although stocks are volatile and each year will at some point decline, (some years more than others i.e. the tech bubble, […]
National Bank Of Hungary Review: The First Pause In This Easing Cycle
Image Source: PexelsFor the first time in the new phase, the National Bank of Hungary decided in August to leave its key interest rate unchanged at 6.75%. This was in line with most expectations. With the mindset of the Monetary Council unchanged, we see two more rate cuts for the rest of the year.A pause not seen […]
Repeat Home Sale Indexes Show Continued Decelation In House Price Inflation, More Comfort Room For Fed To Cut Rates
Image Source: PexelsThis morning we got the repeat home sales price data from the FHFA and Case Shiller. And the news was good, especially in the slightly leading FHFA Index.This is of heightened importance compared with normal historical times. That’s because to reiterate, my focus is looking for any movement towards rebalancing between new and existing […]
