Category Archive: Finance, No picture
Tesla Is Scaling Back Superchargers, Rescinding Offers, Firing More Workers
Image Source: PexelsThings are going so well for Tesla that Elon Musk is scaling back charger plans, rescinding offers made to interns, and firing a lot of people including the entire supercharger team.Hello Elon, What’s Going On?The Wall Street Journal reports Tesla Is Pulling Back From EV Charging, and People Are Freaking Out Tesla’s move this week […]
Crude Oil Recedes Post-Fed, WTI Tumbles Below $80
Image Source: Unsplash WTI slips back below $80 per barrel. Crude Oil markets unsettled by latest Fed rate call. Supplies continue to overwhelm Crude Oil demand. West Texas Intermediate (WTI) US Crude Oil fell below $80.00 per barrel on Wednesday as US Crude Oil supply continues to overwhelm demand, and the US Federal Reserve (Fed) remains hobbled on […]
DeFi’s total value locked falls $10 billion in April
The total value locked (TVL) on decentralized applications fell $10 billion in April, according to data aggregator DefiLlama. That’s a 7% drop in 30 days, as the decentralized finance (DeFi) ecosystem closed last month with $138.6 billion, including liquid staked amounts.DeFi’s TVL variation in April. Image: DefiLlamaConsidering the 10 largest blockchains by TVL, Avalanche registered […]
Something Else Is Driving Gold
Image Source: UnsplashThis analysis attempts to look at different metrics to understand the current momentum in the gold and silver markets. It is meant as an analysis of potential price direction in the very short term (1-2 weeks).In the analysis below, the price indicators suggest the correction has more to go, but some of the less-watched metrics indicate the correction could be much […]
Large “Inverse Hammers” Kill Rally In Indices May 01, 2024
Image Source: PexelsToday was not a great day for bulls; what looked promising for all indices intraday, was cooked by the close. The percentage loss for the day was not the issue, it was the intraday spread that caused the problem. In the case of the S&P and Nasdaq, current action since April lows has the […]
Asia Open: The FOMC Whipsaw And More Yen Intervention In Focus
Image Source: PexelsMARKETSMarket participants clung to every word uttered by Chair Powell as risk assets whipped around in a frenetic fashion during the afternoon US trading session.Ultimately, U.S. stocks finished mixed after Powell stated that the interest rate cuts Wall Street desires are still likely, albeit potentially delayed due to stubbornly high inflation. The S&P 500 […]
Starbucks On Brink Of Worst Crash Since Dot Com After “Stunning” Earnings Miss
Image Source: UnsplashStarbucks (SBUX) shares plummeted by 16% during the early cash session, approaching the -16.2% level last seen during the Covid crash. If intraday losses surpass 16.2% and remain above this level at closing, it would mark the company’s worst single-day loss since the Dot Com crash in early 2000.“Starbucks reported what’s perhaps the worst set […]
MANEKI and POPCAT soar by two digits while Bitcoin stumbles
Solana’s 10 largest meme coins by market cap are all showing gains in the last 24 hours, according to data aggregator CoinGecko. While Bitcoin (BTC) and major altcoins wobble, tokens such as POPCAT and MANEKI soar by two digits.The Chairman of the Federal Reserve, Jerome Powell, announced today that there will be no more interest […]
Stocks And Precious Metals Charts – From Enemy Occupied Territory
Image Source: UnsplashThe Fed sat on its hands, as expected.Powell gave a fairly dovish press conference, dismissing the notion of rate hikes, and also of stagflation.And the markets took off like a moonshot.But wonder of wonders, we were treated to an afternoon wash and rinse.Stocks lost their moonshot in the last hour and dumped back all […]
Manufacturing ISM Moves Back Into Contraction, New Orders Decline
Image Source: PexelsThe ISM manufacturing index is back in contraction after a one-month reprieve, but prices expand sharply. It’s a bad mix.ISM chart and excerpts below by permission from the Institute for Supply Management® ISM®The April 2024 Manufacturing ISM® Report On Business® looks dismal except for production. The U.S. manufacturing sector dropped back into contraction after growing in […]
