Small Business Optimism Shows Biggest Monthly Increase In Its 38 Year History
National Federation of Independent Business (NFIB) small business optimism soared in November, hitting 101.7 (street was expecting 94.7). The index has risen for a 3rd consecutive month, and 7 out of the last 8 months. A reading of 101.7 is the highest in 41 months, and marks the first time since December 2021 that the […]
Chinese Central Bank Resumes (Official) Gold Purchases China Likely Has More Gold Than Reported
After a six-month pause, China’s central bank officially resumed gold purchases in November. According to data released by the People’s Bank of China, it added about five tons of gold to its reserves in November. China was the biggest central bank gold buyer in 2023, but it stopped announcing increases to its reserves in May. Even with the […]
Unlocking ASX Trading Success: Amcor Plc
AMCOR PLC – AMC Elliott Wave Technical Analysis TradingLoungeGreetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with AMCOR PLC – AMC. We see ASX:AMC possibly pushing a little lower in the short term, then possibly starting to push higher with a 3-grey wave.AMCOR PLC – AMC 1D Chart (Semilog Scale) AnalysisFunction: Major trend (Intermediate degree)Mode: […]
Why The S&P Will Drop 25% In 2025
It’s been a great time in the market with the S&P +31.46% over the last year. But – for a number of reasons – I suspect 2025 will surprise many in being a bad year with the S&P dropping 25%.The first reason is extreme overvaluation. We are frequently told that the S&P is trading at […]
Is The Downshift In US Inflation Stalling?
Disinflation has stalled recently, but economists are debating if this is a temporary blip that will soon give way to a softer trend. Tomorrow’s consumer price report for November will be widely read for an update.The consensus forecast anticipates that the trend will more or less hold steady. The year-over-year change in headline consumer prices […]
Tesla Stock Nears ATH In Massive Turnaround Year, But How Far Can It Go?
Confidence in FSD robustness seems to be the name of the game for Tesla holders.On Monday, TSLA stock briefly hit $404.19 per share, closing in on Tesla’s all-time high price of $409.97 in November 2021. Expectedly, Tesla (TSLA) stock rallies from largely negative returns throughout the year. Over the last 30 days, TSLA shares went […]
Sensex Today Ends Flat; Nifty Below 24,650
After opening the day marginally lower, the Indian benchmark remained volatile as the session progressed and ended the day flat.Benchmark equity indices, BSE Sensex and NSE Nifty50, ended Tuesday’s choppy session on a flat note.At the closing bell, the BSE Sensex stood flat, up 1.5 points at the 81,510 level.Meanwhile, the NSE Nifty closed marginally lower by 9 points.Wipro, […]
EUR/USD Tumbles Below 1.0550 On Upbeat US Business Confidence
The Euro fell from 1.0600 on Monday and tumbled over 80 pips against the Greenback on Tuesday after Germany revealed that inflation remains steady. Meanwhile, the NFIB Business Optimism Index in the US surged to its highest level since June 2021. The EUR/USD trades at 1.0519. EUR/USD drops amidst high US business confidence, anticipation of ECB […]
China Flipped After 14 Years – Here’s How It Will Impact The World
Image Source: Pixabay China’s top government body, the politburo, attempted to reignite the “stimulus” sentiment with another wordy communication chock full of more promises and platitudes. To begin with, this doesn’t bode very well for the “bazooka.” Global market reaction wasn’t what Beijing was looking for, either. Even stocks and Economists.Video Length: 00:18:36More By This Author:700,000 […]
What Are Material Stocks Telling Us?
Material stocks have been one of the worst-performing sectors this year, lagging the S&P 500 by nearly 20%. Since the election, its relative performance versus the market has continued to worsen. Therefore, given the historical correlation between the economy and the materials sector, we must assess what the sector’s underlying stocks are trying to tell […]
