The very important construction data from the long leading housing sector was mixed this morning for November.The most leading datapoint, permits, increased 86,000 on an annualized basis to 1.505 million. Even more importantly, single family permits, which have the least noise and most signal of any of the datapoints, continued their rebound from their recent […]

There’s a positive tone in futures this morning, but what makes today slightly different from the last two weeks is that the Dow futures are slightly outperforming on the session, and the equal weighted S&P 500 is up slightly more than the cap-weighted index. Could this be the long-awaited day of positive breadth where the […]

MSTR Elliott Wave Analysis Trading LoungeMicroStrategy Inc., (MSTR) Daily ChartMSTR Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave {v} of 3.DIRECTION: Pullback in (iv) of {v}.DETAILS: Looking for completion in wave (iv) to then continue higher and complete the five wave move into Minute wave {v} and back towards 500$.MicroStrategy Inc., (MSTR) 1H ChartMSTR Elliott Wave Technical […]

The market is confident that a 25-basis-points reduction is a done-deal for today’s policy announcement, based on Fed funds futures. But the question of whether the Fed should cut is more complicated.Recent inflation data has been sticky, which dulls the case for more cuts. The counter-argument points to a gradual but conspicuous softening of the labor market. […]

With forecasts for power demand growth seemingly increasing every month, it’s clear that part of the solution will be “behind the meter”, meaning new natural gas power plants directly connected to their data center customers without the need to connect to the grid.This also sidesteps potential complaints that existing electricity customers are subsidizing the new […]