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Updated: 1 hour 48 min ago

Gold Price Ticks Higher On Soft US JOLTS Data

Wed, 09/04/2024 - 17:20
Gold's price aimed higher during the North American session after weaker-than-expected jobs data in the United States (US) increased the odds for a 50-basis-point (bps) rate cut by the Federal Reserve (Fed).

Dow Jones Industrial Average Flattens On Wednesday

Wed, 09/04/2024 - 17:05
The Dow Jones Industrial Average (DJIA) whipped on Wednesday, rising at the start of the US market session but falling back into the day’s opening bids after the opening volley of US labor data disappointed investors.

Nearing The Point Where Unemployment Is Greater Than Job Openings

Wed, 09/04/2024 - 16:50
The labor market softens again. Job openings drop and quits are below the pre-Covid level.

Intel Faces Potential Customer Backlash Over Manufacturing Quality: How Bad Is It?

Wed, 09/04/2024 - 16:35
Intel’s (INTC) problems continue to worsen with each passing day. After losing technology lead to AMD​​​​​​​ over the past few years, the company’s plans to diversify its business are also not going well.

Hard-Landing Panic Leads To First Yield Curve Disinversion In Two Years, As Nvidia Plunge Continues

Wed, 09/04/2024 - 16:20
If yesterday's market dump was a bang, today's continued selling more of a whimper.

Targeting Huntsman

Wed, 09/04/2024 - 16:05
There is one chart I’ve looked at repeatedly but could never bring myself to short since it is relatively thinly traded: Huntsman (HUN).

Precious Metals Shine In August: Gold And Silver Surge Ahead

Wed, 09/04/2024 - 15:50
August proved to be a stellar month for both gold and silver. Bank of America believes gold can hit $3,000 in next 12 months. Turkey playing a geopolitical chess game. Central banks doubling their net buying in July from June.

Another Hot Month, Another Fresh Record

Wed, 09/04/2024 - 15:35
Summer is coming to a close, but the weather is not the only thing that remains hot. The stock market has been scorching hot as well. Both the S&P 500 and Dow Jones Industrial Average blazed to all-time record highs last month.

US Dollar Declines After Weak Economic Data And Neutral Fed Outlook

Wed, 09/04/2024 - 15:22
The US Dollar Index (DXY), a measure of the USD against a basket of six currencies, snapped its recovery streak on Wednesday after a disappointing report on US job openings and a mixed outlook from the Federal Reserve's (Fed) Beige Book.

Defensive ETFs Shine Amid A Rough Start To September

Wed, 09/04/2024 - 15:05
U.S. stocks started September on a dismal note on economic slowdown concerns following weak data, which shows that manufacturing shrank again in August.

Recession Warning In Wine, Watches, Art And Yields

Wed, 09/04/2024 - 14:45
Fine wine prices have tumbled back to the pandemic lows of 2020 due to falling consumption, globally. At the same time, slumping demand for luxury goods is causing Swiss watchmakers to seek state aid:

Stocks To Watch Today: Dollar Tree And SMCI

Wed, 09/04/2024 - 14:15
DLTR plummeted over 20% following a disappointing earnings report and lowered guidance, while SMCI dropped more than 4% after a downgrade from Barclays.

Interest Rates Unchanged In Poland With Cuts Expected In 2025

Wed, 09/04/2024 - 13:55
The Monetary Policy Council did not change interest rates today and the post-meeting statement does not suggest an easing of its policy stance. We expect interest rates to be cut by a total of 100bp in 2025.

The $35-Trillion Elephant In The Room: US Debt Is Sinking America

Wed, 09/04/2024 - 13:35
America’s debt has ballooned to an eye-watering $35 trillion, and the cost of servicing that debt is now over $3 billion every single day. It’s the elephant in the room that no one wants to deal with—certainly not in an election year.

July JOLTS Report: Relentless Deterioration?

Wed, 09/04/2024 - 13:22
The JOLTS survey parses the jobs market on a monthly basis more thoroughly than the headline employment numbers in the jobs report. In July, it painted a picture of what looks like pretty relentless deterioration.

Low-Cost Silver Producer Says True Cost Already Over $25 Per Ounce

Wed, 09/04/2024 - 13:05
While the silver price has finally risen this year, at one point trading as high as $32.74, what also continues to rise is the cost of mining silver.

Dollar Tree Reports Worse Than Expected Q2, EPS Down 31.9% Y/Y

Wed, 09/04/2024 - 12:50
Dollar Tree, Inc. reported a modest increase in net sales for Q2 2024, driven by growth in same-store sales and gross profit, yet faced significant declines in operating income and EPS.

Volkswagen’s Choice: Fire Union Workers And Cut Costs, Or Go Bankrupt

Wed, 09/04/2024 - 12:35
The unions and government leaders are howling but what must be done will be done.

GBP/USD Price Forecast: Rises As US Data Fuels Rate Cut Speculation

Wed, 09/04/2024 - 12:17
The Pound Sterling enjoys a good rebound off the weekly low of 1.3087 and rises in early trading on Wednesday during the North American session, climbing over 0.22% against the Greenback.

This New ETF Pays 25% Off Market Volatility

Wed, 09/04/2024 - 12:05
A relatively new ETF with a funny name has posted massive returns since it launched 18 months ago. Let’s look at how the -1x Short VIX Mid-Term Futures Strategy ETF (ZIVB) functions and review the investment results.

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