Current Analysis: Patria Investments
Over the past year, Patria’s share price fell about 9% from $15.36 to $13.95 as of Wednesday’s market close.
USD/CAD Extends Its Downside Below 1.3670, Investors Await US PCE Data
The USD/CAD pair extends its downside near 1.3655 on Friday during the early Asian session. The decline of the US Dollar (USD) to the two-week lows around the mid-105.00s exerts some selling pressure on the pair.
EUR/USD Mired Near 1.0730 After Choppy Thursday Market Session
EUR/USD whipsawed somewhat on Thursday, and the pair is heading into Friday's early session near 1.0730 after a back-and-forth session and complicated US data that vexed rate cut hopes.
Tech Stocks Surge, Leaving Some Behind
Last night I was feeling very left behind since the QQQs were plunging, and I was sitting around with IWM puts. I’m pleased to be “left out” tonight because tech stocks are going insane.
Almost Landed
The Bureau of Economic Analysis announced today that seasonally adjusted U.S. real GDP grew at a 1.6% annual rate in the first quarter.
California’s New Minimum Wage: A Cure That Exacerbates The Sickness
On April 1st, the state instituted a $20 minimum wage for fast food workers, the highest in the US. With California’s absurdly high cost of living, the policy appeared to make life more manageable for low-income residents.
S&P DJI’s Global Islamic Equity Benchmarks Rose 9% in the First Quarter
Global equities had a strong start to the year as economic resilience and diminishing recession fears boosted risky assets overall.
Nasdaq 100 & S&P 500 Elliott Wave Update - Thur, April 25
Microsoft (MSFT) & Alphabet (GOOGL) produced solid earnings reports sending both stocks higher after the close which in turn pushed the NQ and ES higher.
ETSY Gears Up to Report Q1 Earnings: What's In The Cards?
Etsy is scheduled to report its first-quarter 2024 results on May 1.
Stocks And Precious Metals Charts - NFP And FOMC Next Week
Gold and silver held a little bounce higher. The Dollar dropped.
Amid Macro Skepticism , Alphabet And Microsoft Shone Through
Unless the BoJ throws caution to the wind and yanks a rate hike rabbit out of the hat tomorrow or pulls the trigger on intervention, this could be a painfully expensive experience for reversion traders
Expect Big Negative Revisions To BLS Monthly Jobs In 2023, GDP Too
Yesterday, the BLS released a little-read jobs report that shows reported jobs in 2023 may be wildly overstated. In turn, that means GDP is likely overstated as well.
GOOG/GOOGL: Blowout Quarter, MSFT: Excellent Quarter As Well
In the wake of these reports and the minimal damage to the overall market today after Meta’s faceplant, the bulls are likely feeling pretty good about things.
Intelligent Bio Solutions’ Fingerprint Drug Screening Technology Poised For Massive Growth
Intelligent Bio Solutions is a medical technology company developing and commercializing innovative, intelligent, rapid, noninvasive testing solutions.
Bonds, Banks And Builders Make Strange Bed Fellows
Bonds, banks, and builders are working together right now, after a fashion, and if we play it correctly, there’s more upside in it for us.
Market Talk - Thursday, April 25
The major European stock markets had a mixed day today.
Google Becomes A Dividend Stock After Q1 Earnings
Google stock is up close to 15% following its Q1 earnings report.
Cocoa Prices Surge Higher Into Important Resistance
Cocoa futures prices have rallied sharply over the past year. And the rally has really heated up over the past 3 months.
S&P 500, Nasdaq Snap Three-Day Win Streak
Stocks finished deep in the red today but as a small consolation prize, up off their session lows.
Microsoft Surges As AI-Growth Drives Across-The-Board Beat
MSFT just reported better-than-expected revenues in Q3 of $61.86 billion (estimate $60.87 billion).