Category Archive: Finance, No picture
NFP: Time To Sit Tight And Sharpen Your Pencil
Image Source: UnsplashMARKETSThe S&P 500 and Nasdaq Composite took a slight breather on Thursday, dipping just a tad as investors cashed in some profits and opted for a wait-and-see approach ahead of a critical labour market report. Having basked in the afterflow of record highs the previous day, traders decided it was time to sit tight and […]
Stocks And Precious Metals Charts – One Vast Vision Of Imbecility
Image Source: Unsplash Stocks paused in their meteoric rise higher.As a reminder, this is all leading up to the FOMC meeting next week, and expectations for a rate cut, or a signal that a rate cut will be forthcoming.The VIX drifted lower.The Dollar chopped sideways.Gold and silver rallied higher, with silver taking back all the ground it […]
Here’s The Backstory On Those Potential Fed Rate Cuts
Image Source: Unsplash Tiff Macklem and the Bank of Canada moved to cut overnight rates 25 basis points this week. Then, today, Christine Lagarde’s European Central Bank cut Eurozone rates 25 basis points.So now everyone and their mother wants to know if Jerome Powell and the Federal Reserve are going to follow suit – sometime soon.Fed […]
GME meme coin skyrockets 97% following RoaringKitty livestream announcement
The Solana-based meme coin GameStop (GME) skyrocketed 94% and is the largest gainer in the last 24 hours, according to data aggregator CoinGecko. The sharp rise was fueled by the notification of a livestream scheduled by notorious investor RoaringKitty, set to happen tomorrow at 16h (UTC). For the past seven days, GME growth has surpassed […]
DocuSign Q1 Earnings Top Estimates: Guidance Fails To Impress
Image Source: Unsplash DocuSign Inc (Nasdaq: DOCU) just came in ahead of Street estimates for its first financial quarter. Shares of the software company are still slipping in extended hours. DocuSign stock sinks on downbeat guidance The stock is being hit primarily because the guidance did not particularly impress. DOCU now forecasts revenue to fall between […]
The Demise Of The Dollar Will Take Longer And More Surprising Turns Than Many Expect
Image Source: Pexels According to Truflation, the US dollar has lost nearly 25% of its purchasing power since January 2020.Many everyday Americans struggling to pay their monthly bills may argue that’s an understatement.What the US dollar does, vs real things as well as vs other national currencies, has very real implications — economically, financially & geopolitically […]
5 Stocks Propelling S&P 500 To 25th Record High
Image Source: Pexels The S&P 500 achieved a record high for the 25th time this year, powered by technology stocks. The multiple reports signaling slowing growth in the world’s largest economy revived the Fed rate cuts bets once again, leading to a strong rally. Traders now see a nearly 69% chance of a September rate reduction, […]
Market Talk – Thursday, June 6
Image Source: Unsplash ASIA:The major Asian stock markets had a mixed day today: NIKKEI 225 increased 213.34 points or 0.55% to 38,703.51 Shanghai decreased 16.61 points or -0.54% to 3,048.79 Hang Seng increased 51.84 points or 0.28% to 18,476.80 ASX 200 increased 52.80 points or 0.68% to 7,821.80 closed SENSEX increased 692.27 points or 0.93% to […]
Super Micro Stock Up 176% In 2024, 855% Since 2023
Image Source: Unsplash Super Micro Computer (SMCI) has been a standout performer in the tech stock arena. Investors who have held onto this stock are sitting on remarkable gains of 176% in 2024. This surge follows an equally impressive performance in 2023, where the company’s stock price shot up by 246%. Since the beginning of 2023, Super […]
Equity market upside could favor Bitcoin as correlation with Nasdaq 100 strengthens
Bitcoin’s (BTC) 30-day correlation with the Nasdaq 100 Index of US technology stocks is nearing its highest level since early 2023, as reported by Bloomberg. This means that further gains in the index might be followed by a similar upward movement performed by BTC.Image: BloombergAdditionally, Mike Novogratz stated on Bloomberg Television that a “more positive […]
