Category Archive: Finance, No picture
Bad Santa And Bad Apples
Image Source: Unsplash In the short year that has transpired so far, there have been two key themes in the equity market. First is that the so-called “Santa Claus Rally” failed to materialize. The second is that Apple (AAPL) has been hit by sequential downgrades. Neither is a positive, but neither is all that surprising.The absent […]
Global AI Ambitions: The Drive For Technological Sovereignty
Image created using DALL·E 3 with this prompt: A view of the Earth, from outer space, where each country is filled/populated with the AI systems they have created and built. Futuristic, idealistic. Aspect ratio: 16×9. Is “AI Nationalism” a thing? Several countries have recently launched initiatives to establish themselves as frontrunners in the AI race.Abu […]
The Corporate And Treasury Bond Bubbles Are Bursting
Image Source: Pixabay Over the past 2 years the financial markets have watched the Federal Reserve raise interest rates over 5%, while at the same time the Treasury is pumping out debt faster than ever.We’ve all known for a long time that it can’t go on forever, and in today’s show, Jim Willie of The Hat […]
Expect Lower Oil Prices In The New Era Of Abundant Supply
Image Source: Pixabay Nothing happens in an economy without energy. And despite the current efforts & hopes to de-carbonize our energy systems, the world remains heavily dependent on oil — especially as the dominant transport fuel in moving goods from point A to point B.Oil has had a rocky ride the past several years, with its price […]
The Free Money Has Run Out And It Shows In The Polls
Base image from 588 Biden Approval Ratings. Why Biden’s Approval Rating Is MiserableIncome is rising and so are wages. Even real income is up. But real wages are another matter.Personal income data from the BEA, hourly wages from the BLS, real hourly earnings and chart by Mish.Personal Income vs Hourly Wages Notes DPI means Disposable Personal […]
Hidden 2024 Market Traps: Investment Warnings
Image Source: Pixabay Will 2024 be a financial disaster? Jonathan Wellum, CEO of RockLinc Investment Partners joins Wealthion host Eric Chemi to discuss what to expect in the financial landscape of 2024, Wellum’s startling predictions on how the Fed could impact your money, how the upcoming 2024 presidential election could reshape the investment landscape and more!Video […]
Charted: How Major Currencies Did In 2023
The U.S. Dollar Index peaked in fall 2022, the highest it had been in nearly two decades, rising in response to aggressive interest rate hikes.The index measures the value of the U.S. dollar against a basket of major currencies from six countries. A gain indicates the dollar is appreciating against the basket and vice-versa. The euro is […]
ProShares Short QQQ (SQQQ) ETF: An Expensive Way To Go Broke
Image Source: Pixabay The ProShares UltraPro Short QQQ ETF (SQQQ) stock price has been in a freefall for a long time. The fund has crashed by over 99% in the past five years. It has also dropped by over 73% in the past 12 months. In this period, it has underperformed the TQQQ ETF, which is […]
Is Velocity Stable? Part MXXVI
Courtesy of CFS, here is M4 Divisia velocity (rescaled to 1967Q1=1): Figure 1: M4 Divisia velocity (blue), M2 velocity (tan), both 1967Q1=1. NBER defined peak-to-trough recession dates shaded gray. Source: CFS, Federal Reserve, BEA, NBER, and author’s calculations. If by stability, one means (deterministic) trend stationarity, then the answer is no.M4 divisia velocity fails to reject unit root […]
Cathie Wood’s ARK Invest Buys Tesla, Sells Coinbase
Image courtesy of 123rf.com Cathie Wood’s ARK Invest has been offloading its Coinbase (Nasdaq: COIN) shares recently, capitalizing on the crypto exchange’s eye-popping 2023 gain of nearly 400%. The investing firm also bought over 105,000 Tesla shares this year, likely hoping that the auto giant will expand its market share once again this year. Coinbase Up 390% in […]
