Category Archive: Finance, No picture
Markets Coming To Terms With Limited Rate Cuts In 2024
Image Source: PexelsMarket indices scraped by for the most part today, digging out of negative territory at the opening bell to slightly in the green — aside from the blue-chip Dow index, which dipped another -43 points , -0.11% — by the close. The S&P 500 reversed the Dow’s day, +0.11%, while the Nasdaq and Russell […]
This Slingshot Reversal Could Be Our Biggest Win Of This Week
Image Source: UnsplashWow, charts look beautiful tonight!We’re bullish into a range and sellers just tried TWICE to retest this afternoon’s low…Situations like these are ripe for a Slingshot Reversal – here’s my plan to trade it on Thursday! E-Mini S&P (ES): Emini is bullish into a range and buyers will be looking to complete their pendulum-swing […]
Elliott Wave 2024 Outlook: Strategic Forecasts For S&P 500 And Leading Indices
Image Source: UnsplashStock Market Report S&P 500, NASDAQ 100, RUSSELL 2000, DAX 40, FTSE 100, ASX 200. Elliott Wave Technical AnalysisElliott Wave Analysis Indices: Jobless claims next session, could spike the Indices lower, however if that was the case then the Indices bullish pattern would be over, now that said, the current low for Indices can […]
Chart Of The Day: Lowered Expectations
Image Source: PexelsSomeone emailed me the other day asking about my “muddle through” prediction of the last few years. They were pushing back on this idea that the US economy is just muddling along. I actually love conversations like this because they make me question my own views and consider countering positions. I’ve mentioned in the […]
The Cycle Is Starting All Over Again
Image Source: UnsplashStocks were flattish today, following a weaker then expected ISM report, but commodity prices are rising, and rates are following suit.Video Length: 00:06:34More By This Author:Rates Breaking Out Will Be Bad News For Stocks The Stock Market’s Decline May Have Only BegunInterest Rates And The Dollar Soar On Hot Manufacturing Data
PMI Ruling Sentiment
Image Source: Pexels “Davidson” submits:The PMI from the Institute of Supply Management seems to rule the roost of investor psychology. The media and investors hold the PMI in high regard along with the LEI (Leading Economic Index) from The Conference Board. The PMI from 1977 and the LEI from 2000 reveals that each has called for […]
Stock Analysis: PTT Exploration & Production
Image Source: Pexels PTT Exploration & Production PCL (PEXNY) operates oil and gas production, development, and exploration projects globally. Projects are composed of both onshore and offshore operations and are sometimes underpinned by partnerships with other producers.Traditionally, natural gas has been the majority revenue generator for the group, however, sales have also been generated from crude […]
Rates Spark: A Path To 4.5%
Expectations for upcoming key jobs and CPI releases are enough to place pressure for a move towards 4.5% for the US 10yr yield. These developements contrast with eurozone rates where inflation data has cemented June cut expectations. The 10Y UST-Bund briefly hit 200bp on the divergent paths. That will re-tighten eventually, but for now it’s […]
Tesla: What’s Most Concerning…
Image Source: Unsplash We’ve been calling out risk in Tesla over the recent medium term and this year.Bad Tesla PrintThey reported a bad delivery number.I posted a model with the new deliveries and new thinking of going off beta. My EPS are way below the Street. I think my EPS versus the Street has been one […]
Markets Are At All-Time Highs… But The Economy Is Slipping
Image Source: Pexels Dozens of the biggest stocks on the market are at or near their all-time highs. Valuations are still at nosebleed levels. So why don’t I feel great?Because unlike the market, where hopium and craziness can take you really, really far, severe cracks are starting to show in the U.S. economy… where hopium and […]
