Category Archive: Finance, No picture
Market And Investor Sentiment: Charting The Path Forward
Image Source: UnsplashMARKETSThe S&P 500 rebounded after a two-day slide following a hawkish FOMC meeting, which left rates unanchored and heightened market sensitivity to even tier-2 economic data.This increased attentiveness underscores the market’s propensity to react to even minor shifts in US economic data.Indeed, positive activity readings and the most significant two-week decline in initial jobless […]
Target, Retail Stocks, And The Economy
Image Source: Unsplash MINNEAPOLIS, May 20, 2024 /PRNewswire/ — Target Corporation (TGT) announced today it will lower everyday regular prices on approximately 5,000 frequently shopped items… When I first saw Target’s announcement (above) concerning merchandise price cuts, I had several questions. First, I wondered whether this was something peculiar to Target, or something indicative of bigger problems for the retail industry. […]
Total Loss Increasingly Likely If You Wreck Your Car
Image Source: PexelsWe are in the midst of a “total loss” epidemic says “Car Dealership Guy” on Twitter. Pictures explain why.Used Car and Truck Prices vs Maintenance and RepairsCPI data, chart by MishTotal Loss Epidemic We are in the midst of a “total loss” epidemic. More than *20%* of vehicles are now declared a write-off by […]
At This Point, Good Data Could Be Atrocious For Markets
Image Source: UnsplashThere’s an old (but usually true) cliche for times like we’re in now: “Bad news is good news,” meaning, terrible economic news is great for the markets because it could lead to looser policy at the Fed.Well, if that’s true… you don’t have to be Warren Buffett to figure out what good data could […]
Ethereum Foundation to implement conflict of interest policy amid EigenLayer controversy
The Ethereum Foundation (EF) is set to introduce a formal conflict of interest policy following community backlash over two prominent researchers’ associations with EigenLayer, a layer-2 restaking protocol built on Ethereum.The controversy began when crypto trader Jordan Fish (Cobie) questioned the ethics of EF developers receiving substantial financial incentives from projects built on Ethereum, specifically […]
Unity Software’s Impeccable Head And Shoulders Pattern Signals Further Decline
Image Source: UnsplashBelow is Unity Software (U) which is sporting one of the cleanest head and shoulders tops I’ve ever seen in my life. The problem is that it’s at a lifetime low! Still, I think this will presage much lower prices. More By This Author:My Best Day Of 2024: Eight Bearish Wins And A Stellar QQQ […]
Ethereum spot ETF approval is here – Everything you need to know
Spot Ethereum ETFs have finally received the greenlight after a period of uncertainty. Thursday’s approval not only marked a milestone for Ethereum but also a positive development in the US regulatory approach to crypto. This article will provide more insights into the recent approval, its potential motivation, and implications for the industry.An overview of spot […]
Another Massive Revision, This Time Durable Goods, What’s Going On
Image Source: PexelsThe Commerce Department revised March durable goods orders from +2.6 percent to +0.8 percent. Now it reports a 0.7 percent gain vs. an expectation of -0.5 percent. Durable Goods data from Commerce Department, revision inset from Bloomberg Econoday, chart by MishAdvance Durable Goods New orders for manufactured durable goods in April, up three consecutive […]
And Then There Was One – Nvidia
Image Source: Pexels “Magnificent 7” to “Magnificent 1”- Nvidia In the 1970s, all you had to know was to be in the “nifty fifty,” large-cap, predictable growth stocks on the NYSE, and you had the keys to the vault. Now, in the 2020s, all you need to know to totally bulletproof your portfolio is to own the “Magnificent […]
BlackRock’s Bitcoin ETF nears top spot after $380 million buy
BlackRock’s iShares Bitcoin Trust (IBIT) is on track to become the largest Bitcoin fund after purchasing over $380 million worth of the BTC this week, according to blockchain analytics platform Arkham Intelligence.The biggest purchase occurred on May 21, with IBIT buying over $290 million in Bitcoin. Launched in January 2024 after the SEC approved spot […]
