Continued Unemployment Claims Increase Another 9,000, It’s Recession Looking
The lead chart shows the monthly average of Continued Claims from the Department of Labor and those unemployed 27 weeks or longer from the BLS.Continued Claims The advance seasonally adjusted insured unemployment rate was 1.3 percent for the week ending November 16, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the […]
The Market Process Is Indivisible And Logically-Interdependent
Image Source: Pexels In the science of human action, the effects of erroneous notions of the market process, most particularly as they pertain to policy-making decisions, are not to be underestimated. The economist can not remain indifferent to these in an era in which the appeals of interventionism and government expansion increasingly hold sway in the […]
Stocks And Precious Metals Charts – Stocks Bounced
Stocks bounced on light holiday volume.Gold and silver rallied back after an obvious sell off for the recent Comex options expiration.VIX has fallen to what recently can be defined as ‘complacency.’The Dollar fell back from its recent highs.But even in the darkness there is light.We had a wonderful Thanksgiving holiday yesterday. The parents told the […]
Nvidia And The AI Bubble: Is It Real?
Image courtesy of 123rf.com Over the week, Nvidia (Nasdaq: NVDA) stock dropped by 6.5% to $136.71 per share, leveling to the first half of October price range. It is telling that this price correction occurred after another earnings per share (EPS) beatdown. On November 20th, for the Q3 ending October 27nd, Nvidia surprised investors by 11.43%, […]
Is Now The Time To Buy Bitcoin? On-Chain Data Reveals Key Indicators
Image Source: Pexels After briefly retreating to $90,000 earlier in the week, Bitcoin has rebounded strongly, climbing above the $95,000 price.Currently trading at $95,224, Bitcoin has recorded a 7% gain over the past two weeks, signaling renewed bullish momentum. Key Indicators Highlight Best Buying Opportunities As Bitcoin continues its rally, CryptoQuant, a prominent on-chain analytics platform, has […]
Dow, S&P 500 Wrap Up Best Month Of Year With Record Closes
Returning from the Thanksgiving holiday, Wall Street closed the day, week, and month all higher. The Dow and S&P 500 scored record closes to wrap up their best months since November 2023. Tech powered the Nasdaq higher to daily, weekly, and monthly wins, while the small-cap Russell 2000 Index (RUT) logged its best month of the […]
Strong Contrarian Bear Potential Into Inauguration Day
Let’s look at some pictures of the developing risk situation in the US stock market, in light of Inauguration day upcoming on January 20, 2025, when the new president will be sworn in and his “Make America Great Again” jingle reconstituted. This group of indicators is far from exhaustive, as we use several other indicators […]
Gold After Trump Wins
Image Source: Pixabay Gold has sure had a wild ride in the several weeks since the US elections! It first plunged then surged after Trump’s decisive victory, which surprised legions of traders. Gold’s earlier big down days helped fuel fears another Trump administration is bearish for gold. Its poor performance after Trump’s first win eight years […]
Record Valuations And Most Bulls Since 1987
The S&P 500 (26% concentrated in the five most expensive tech companies) is trading at 38x smoothed 10-year earnings, just marginally below the all-time high of 43x briefly seen at the 2000 tech bubble top and much higher than the previous bubble top in 1929 (Shiller PE ratio below since 1870). But then, most are […]
