Bitcoin Price Repeating December 2023’s Playbook: Is The ‘Actual Breakout’ Yet To Come?
Bitcoin (BTC) tries the $100,000 support zone after falling to $98,000 during the recent market shakeout. According to some market watchers, the flagship crypto’s recent performance resembles its December 2023 trajectory, suggesting that BTC might see a massive breakout soon. Bitcoin Price Mirrors December 2023’s PerformanceOn Wednesday, Bitcoin and the rest of the crypto market saw […]
Crude Oil Missing Catalyst To Lift Prices; What’s Next For The Market?
Prices had dipped after this week’s policy meeting of the US Federal Reserve, where the central bank forecast a slower pace of monetary easing in 2025. The two crude oil benchmarks, West Texas Intermediate on the New York Mercantile Exchange and Brent on the Intercontinental Exchange, have been trading in a narrow range over the last […]
Fewer Interest Rate Cuts Likely In 2025 Due To Continued Inflation
Image source: PixabayThe Federal Reserve’s policy committee met on Wednesday, December 18, 2024, and cut short-term interest rates by one-quarter of a percentage point. Long-term rates, such as on the 10-year Treasury bond, actually rose by 10 basis points (10 hundredths of a percent) because of the Fed’s own projections of few interest rate cuts in 2025. The […]
Powell Delivers Lump Of Coal – One More New Low Needed
Image Source: PexelsOn Wednesday the FOMC cut interest rates by 1/4% as expected. Stocks sold off about 1/2%. Then Jay Powell’s press conference began. No one seemed to like what Powell was selling. Lots of new uncertainty. Fewer rate cuts. Wait and see. Well, all was said and done the “risk on” were battered, bruised, and […]
US Inflation Cools In November, Offering Relief Amidst Fed Concerns
Image Source: Pixabay The personal consumption expenditures (PCE) price index rose a less-than-expected 0.1% in November. Core inflation increased 2.8%, remaining above the Fed’s 2% goal. Stocks and bond yields showed positive reactions to the inflation data, but concerns still exist. The latest economic data reveals a welcome moderation in inflation, as the personal consumption expenditures […]
AI Money Map: Stocks To Buy For 2025
Photo by Steve Johnson on UnsplashAI has the potential to generate enough wealth — right here in the United States — to mint 22,000 new millionaires every 30 days, from now until the end of the decade.22,000 millionaires a month … that’s more than enough to fill Madison Square Garden.I don’t make predictions, claims or forecasts. But I […]
The Explosive Growth Of Private Credit: Is There A Bubble?
Image Source: PexelsThe growth of the private credit market exploded after the global financial crisis of 2008-2009 as private credit rushed to fill the gap that the banking industry was no longer able to fill because of the distress of its balance sheets. Tightened capital standards made loans to middle-market companies unattractive for banks, shutting out […]
More And More Market Participants Don’t Believe The Fed Anymore
Image Source: PexelsThat’s Heritage Foundation economist EJ Antoni yesterday. Dr. Antoni continues: Increasingly, people are realizing that the 2% target is long gone. We’re looking at 3% basically as the implicit target. Now we’re in for a lot of pain. So the question is just, is this going to be 1920 or is it going to be 1929 […]
Eggflation: Dozen-Pack At Supermarket Hit Record Highs As Bird Flu Ravages Farms
Image by Erika Varga from PixabayNew retail price data shows supermarket prices of a dozen eggs have soared to record highs. The surge comes amid an ever-expanding bird flu outbreak that has led to the culling of millions of birds, denting the size of the nation’s egg-laying hen population. Bloomberg cited Expana data showing that a dozen eggs in the Midwest cost about $5.67 this week, […]
Think Ahead: CEE Region In Focus
Image Source: Pexels THINK Ahead for Central and Eastern Europe Hungary (Peter Virovacz) Current account (Mon): Based on high frequency data, we see a significant deterioration in the current account surplus in the third quarter, mainly via the goods balance. Nevertheless, the year has turned out much better than expected, and the current account surplus will be well […]
