Nasdaq 100 & S&P 500 Elliott Wave Update - Monday, Sept 23
Tonight, I review the continuing Minor 4th waves to include an "irregular b wave" in the S&P 500 and the possibility for a "c" wave failure within the 'b' wave on the Nasdaq 100.
The Stock Market Has Stalled As Earnings Estimates Fall
This morning, I reviewed earnings for various companies and will use the underwhelming session to highlight why earnings and fundamentals matter despite some believing they don’t.
Top Stock Reports For Coca-Cola, Chevron & ServiceNow
Today's Research Daily features new research reports on 16 major stocks, including The Coca-Cola Co., Chevron Corp., and ServiceNow, Inc., as well as two micro-cap stocks Sypris Solutions, Inc. and Mobile Infrastructure Corp.
Markets Calm Ahead Of Macro Storm, But...
Today's apparently calm demeanour perhaps reflects anxious traders gearing up for a pretty busy week of 'hard' and 'soft' data.
USD/CAD Drifts Lower Below 1.3550 As Investors Await BoC’s Macklem Speech
The USD/CAD pair edges lower to near 1.3530 during the early Asian session on Tuesday. The weakness of the Greenback drags the pair lower.
In-Sample And Out-Of-Sample Recession Probabilities
No apparent recession as of August 2024 data. Using year-ago financial data, what would have probit regressions have indicated? It matters which variables you use, and whether you include the 2020 recession.
EUR/USD Eases Back After Misfire In EU PMI Figures
EUR/USD trimmed recent bullish momentum, declining by one-half of one percent on Monday.
Stocks And Precious Metals Charts - In The Service Of Power, Lies, And Murder
Stocks just wobbled around today. Gold and the Dollar gained a little. Silver was smacked down lower for now to the 31 level.
Rates Spark: The 2Y10Y Bund Disinversion Is Structural
With macro risks tilted to the downside there is room for pricing a scenario requiring a faster central bank response. Whether that justifies low long-end yield levels is a different question.
New Highs Later This Year
Seasonality leans bearish all this week. A pull back is likely to test 9/19 gap near 560 at a minimum.
“Why Aren’t Home Prices Falling?”
The thought process is that ‘home prices went up so much, no one can afford them! Therefore, prices should fall.’
Fed Cut a Mistake?
Bond market reaction raises question if Fed cut was a mistake.
Four Stocks To Watch This Week - Monday, Sep. 23
For this week, we expect a slight pause in momentum, though nothing particularly dramatic.
Markets Stay In Limbo
Today's action looked more like a Triple Witch Friday than anything you would expect to see on a Monday.
When Policy Goals Conflict
Foreign policy conflicts cannot be analyzed in isolation, as the world economy is highly interconnected.
Key Events This Week: Core PCE, GDP, Durables And Fed Speakers Gallore
After a fast and furious week which saw not just key economic data but also central banks galore, fedspeak will dominate the week until we reach the core PCE number on Friday.
We’re Dealing With Muted Monday Malevolence
The S&P 500 is like a plane in a holding pattern, trading mildly higher.
Fed Rate Cut Spurs $1.6 Billion Bitcoin Buying Spree Among Whales, Can BTC Reach $70,000?
The Fed rate cuts have boosted the confidence of Bitcoin investors, with whales buying up to 1.6 billion BTC since the macro decision.
Gold Is Enjoying A Banner Year Despite Softer Inflation
Gold’s rise this year is all the more striking because it’s outperforming commodities overall and several core subcategories.
Sifting Through The Latest Fed Musings
Global markets inched higher on Monday as investors sifted through the latest musings from Federal Reserve policymakers.