Category Archive: Finance, No picture
Fetch.Ai – At The Intersection Of Blockchain And Artificial Intelligence
Two sectors that are vastly outperforming the markets, driving rapid growth and generating massive returns are cryptocurrency and artificial intelligence.Bitcoin is up over 150% in 2023, while several of the altcoins that we track are up 10x or more in the same time period. This bounce is coming after a brutal 2-year bear market in […]
The Best And Worst Performing Sectors In 2023 2023 Losers What’s Next for 2024?
In 2023, the U.S. stock market saw surprisingly strong returns, even as interest rates climbed higher.The S&P 500 rose over 24% amid exuberance around AI stocks and big tech, lifting returns across the index. Traditionally defensive stocks, on the other hand, declined. Overall the stock market recovered losses from 2022’s plunge, and is now hovering […]
Did Santa Claus Leave Town A Day Early?
Image Source: Unsplash With the exception of the Dow, stocks are down hard to begin the new calendar year. We’re seeing nice strength stem from the healthcare sector, which is being driven by a breakout to new all-time highs by Amgen (AMGN). Both Bitcoin and Ethereum made new highs too, but was that confirmation of the […]
Three Factors Driving Gold Bulls Into 2024
Image Source: Pixabay There are three factors driving gold bulls as we move into the new year – the demand factor, the Fed factor, and the January factor.Gold just wrapped up its best year since 2020 with a 13 percent gain, and the yellow metal has new records in its crosshairs as we move into 2024.Gold […]
Microsoft Copilot For IOS Is Here
Have you been lying in bed at night, dreaming of a day when Microsoft (MSFT) would release Copilot for iPhone and iPad? Have you caught yourself daydreaming about how great it would be if you could have a standalone Copilot app instead of the standalone ChatGPT app?No? Me neither. But that’s OK, because engineers at […]
“Weaponized FOMO” Takes A Breather
Image Source: Unsplash Happy New Year to all, though it might not seem all that happy to those who are long equities and bonds this morning. When the calendar turned, a key catalyst that had been driving asset prices vanished. I described it as “weaponized FOMO” during a media appearance last week[I]. Allow me to explain.Near […]
Markets Start 2024 Near (All-Time) Highs
With the exception of the Russell 2000 (IWM) we have the S&P, Dow Jones Industrial, and the Nasdaq all up near all-time highs. There is the potential for some indices to return double tops, particularly if you look at Monthly charts like the S&P. But if over the course of the coming weeks, we see […]
Softs Report – Tuesday, Jan. 2
COTTON General Comments: Cotton closed a little higher last week in sideways trading. USDA released its weekly export sales report and the volumes sold were big and included some significant sales to China. The US economic data has been positive, but the Chinese economic data has not been real positive and demand has been down. […]
Canadian Dollar Extends Declines Against Greenback On Softer PMI Data, Weaker Crude Oil
Photo by Michelle Spollen on Unsplash The Canadian Dollar (CAD) continues to ease back as the 2024 trading year gets underway, extending near-term declines against the US Dollar (USD) to fall a full percentage point as the first trading week of the new year gets underway.The Canadian S&P Global Manufacturing Purchasing Managers’ Index (PMI) accelerated declines on Tuesday […]
2024 Tactics For A Golden Year
Image Source: Pixabay A new year begins, and the big theme for savvy investors is going to be using great tools like mining stocks, crypto, commodities, and the stock market to get more money… More of the ultimate money that can only be gold! Sometimes (like recently with rates hitting 5%), investors can focus on fiat, but […]
