Three Sector ETFs, Three Different Market Stories
Image Source: PixabayI like to assess the performance of the most important sectors and asset classes relative to each other. That helps me interpret what underlying market dynamics may be signaling about the future direction of risk-taking by investors. Here is a look at what three sector ETFs are saying, highlights Michael Gayed, editor of The Lead-Lag Report.My […]
Wall Street’s Top 10 Stock Calls This Week – Saturday, Nov. 30
Image Source: PixabayWhat has Wall Street been buzzing about this week? Here are the top 5 buy calls and the top 5 sell calls made by Wall Street’s best analysts during the trading week of Nov. 25-29, 2024. First, here are the top 5 buy calls of the week. 1. Dick’s Sporting Upgraded to Buy at UBS […]
Silver Price Forecast: XAG/USD Shines And Climbs Above 100-Day SMA
Silver price advanced on Friday and finished the session with gains of over 1.33%, yet printed losses of 2.30% in the week. A weak US Dollar sponsored a leg up in the grey metal, which has cleared the 100-day Simple Moving Average (SMA) of $30.35. At the time of writing, the XAG/USD trades at $30.60.XAG/USD Price […]
December 2024 Monthly
The trends were already entrenched before the US election and continued through most of last month. The trend toward higher rates and higher equities stalled, while the dollar remained strong. Investors and business continue to wrestle with the implications of the Republican sweep in the US elections.There are two broad issues that are the source […]
Federal Worker Cuts Are Mostly Not Gonna Happen
I’ve read where Musk and Ramaswami are proposing a 75% cut in the federal workforce. That’s absurd. • National security-related agencies account for roughly 70% of the civilian workforce. The largest employers were the Department of Veterans Affairs, with 487,000 workers, followed by the armed services, the Department of Homeland Security, and the Justice Department. […]
Natural Gas: In Downtrend
Natural Gas on the Nymex had a volatile week before closing 2.4% higher than the previous one at $3.36. EIA reported on Wednesday a rather bearish draw for this time of year of only 2 Bcf in working underground stocks for the week ended November 22. Total inventory is currently at 3,967 Bcf, 3.5% higher […]
Trade Tariffs – The Worst That Could Happen
Image Source: DepositPhotosTrade TariffsAs rhetoric regarding trade tariffs increased prior to the election and, with that same rhetoric continuing post-election, the danger to free trade and a strong economy is heightened.In my article, The Danger Of Trade Tariffs, I said…“Tariffs are taxes imposed on imported goods, ostensibly to protect domestic industries or gain a competitive edge. […]
Bull Of The Day: Garmin Analysts Boost Garmin’s Earnings Estimates
If you’re an outdoor enthusiast, angler, runner, or golfer, you’re likely familiar with Garmin (GRMN), the industry leader renowned for producing high-quality navigation and communication equipment. Garmin offers an extensive portfolio of GPS-enabled devices across five key segments: Outdoor, Fitness, Marine, Auto, and Aviation. These segments contributed 32.5%, 25.8%, 17.4%, 8.1%, and 16.2% of the company’s revenue, […]
Gold Spikes Amid Tensions But Can’t Shake Off Weekly Losses
Gold’s price advanced late during the North American session on Friday, up by 0.67%, yet it remains set to print monthly losses of over 3%. Geopolitical risks continue to drive price action with the non-yielding metal fluctuating at around $2,600. The XAU/USD trades at $2,652 after hitting a daily low of $2,634.Geopolitical tensions eased in the Middle […]
Bitcoin Resets Open Interest, Targets $100,000 After Holding Key Support – Details
Bitcoin (BTC) appears to be rebounding from its recent pullback after reaching a new all-time high (ATH) of $99,645 on November 22. Despite liquidations exceeding $500 million during the downturn, the event did not trigger the cascading sell-offs seen in previous market cycles. Bitcoin Open Interest Resets: Is $100,000 Next?The flagship cryptocurrency seems ready to make […]
