Category Archive: Finance, No picture
Asia Morning Bites For Thursday, March 21
Image Source: UnsplashGlobal Macro and Markets Global Markets: The FOMC decision delivered just enough dovishness for the Treasury market to rally. 2Y US Treasury yields are down 8.1 basis points overnight, while their 10Y counterparts are down just 2bp to 4.273%. US equities also liked the delivery by Fed Chair Powell, and the S&P500 rose 0.89% and […]
US Fed Keeps Interest Rates Unchanged, But Sees Three Cuts In 2024
Image Source: Pexels US Fed kept interest rates unchanged at 5.25% to 5.5%. Despite this decision, the Fed signalled its anticipation of cutting rates three times within the year. US Fed chair suggested that the central bank may initiate rate cuts in the near future Following a two-day meeting, the US Federal Reserve on Wednesday announced […]
AUD/USD Climbs After Fed’s Decision, Ahead Of Aussie’s Job Data
Image Source: Unsplash AUD up 0.83% vs. USD after Fed holds policy steady. Wall Street up, praises US economy, labor strength post-Fed. US 10-year yield dips, Dollar Index down, hints AUD/USD rise. Mixed Australia PMI, strong job outlook may sway RBA policy. The Australian Dollar soared 0.83% against the US Dollar on Wednesday as the Federal […]
Nasdaq 100 And S&P 500 – Elliott Wave Analysis
Image Source: Unsplash I readjusted the labeling for both the NQ and ES as I decided not to be a rebel without a cause and label the 4th waves as triangles with an ongoing diagonal triangle — just too rare and not likely –so I cleaned up my count and then waited for the Fed decision which […]
Sweetgreen: A Good Long Idea
Image Source: UnsplashI’ve mentioned Sweetgreen (SG) (a place I eat at once a week, minimum) as a good long idea. This one keeps powering higher!More By This Author:FOMC And The SPYFib-Friendly TeslaImportant Semi Failure
Daily Stock Analysis: Park Aerospace
Image Source: Pexels Park Aerospace Corp (PKE) designs develops, and manufactures engineered, advanced composite materials and composite structures and assemblies and low-volume tooling for the aerospace markets including prototype tooling for such structures and assemblies.Its only operating business segment is Aerospace. Geographically, the company derives a majority of its revenue from North America and also has […]
Micron Stock Pops 15% As AI Demand Helps It Post A Surprise Q2 Profit
Image Source: Unsplash Micron Technology Inc (Nasdaq: MU) says tight supply and AI-driven demand helped it post a surprise profit for its fiscal second quarter. Shares of the chipmaker are up 15% in extended hours. Micron stock up on strong guidance The stock is being rewarded also because $MU issued upbeat guidance for the future. It now […]
The Silent Economic Boom No One’s Talking About
Image Source: Pexels In this episode, Andrew Brill sits down with Dryden Pence, Chief Investment Officer at Pence Wealth Management, to dissect the economic landscape of 2024.From the effects of inflation on your investments to navigating the potential pitfalls and opportunities that lie ahead, this discussion is packed with insights to help you protect and grow […]
Elliott Wave Insights: Navigate The Future Of Major Indices With Confidence
Image Source: Pexels Stock Market Report S&P 500, NASDAQ 100, RUSSELL 2000, DAX 40, FTSE 100, ASX 200. Elliott Wave Technical AnalysisUpdate on Elliott Wave Analysis: Continue to build long positions through the TradingLevels in all Indices. The Elliott wave trend for the SP500 and Nasdaq 100 is from the large tech stocks, so we have […]
The Fed Just Delivered Some Irrational Exuberance Of Its Own
Image Source: Pexels Another Fed Day has come and gone… and what a dud. Not only has the S&P 500 fallen off its daily highs, but – big picture – the central bank has completely failed to curb inflation. That’s despite all the cheerleading they’ve done over the past, I dunno, three years.More to the point, […]
