Forget Labels – Just Follow The Market Trend
Have you heard the saying, “Bulls make money, bears make money, hogs get slaughtered”? It’s a good reminder to forget labels and just follow the market trend.
‘September Effect’ Explained: Why It’s A Tough Month For Stock Markets
As September rolls in, investors are bracing for what is often considered the most challenging month for stock markets.
Will SMCI Sink Or Swim Amid Short Seller Allegations?
Should investors take advantage of the suppressive FUD effect on SMCI stock?
ISM Index Little Slightly Better But New Orders And Production Contracting Faster
The manufacturing ISM is a bet improved, but three key components are worse.
The Contrarian Opportunity In Gold Stocks Today
Despite the bull run, gold stocks are trading at historically low valuations relative to the market.
Manufacturing And Construction Slowdown Puts The Focus On US Services
The ISM manufacturing index is still indicating a contracting sector with the key new orders and production components remaining in the doldrums.
U.S. Stocks Tumble As Manufacturing Slump Fuels Rate Cut Speculation Amid Economic Uncertainty
The fact that megacap stocks like Microsoft, Apple, Nvidia, and Alphabet are all in the red suggests that investors are pulling back from riskier assets amid uncertainty.
SPY Price Change Vs. Total Return
While plenty of large-cap companies have dividend yields above 3%, the US market as a whole has a relatively low dividend yield of just 1.29%.
Stocks To Watch Today: Tesla, Boeing, And Intel
Tesla reported strong China sales, while Boeing grapples with a potential worker strike and Intel continued to struggle with market pressures.
C3 AI Inc. Elliott Wave Structure Favors More Downside
We are going to take a look at the Elliott Wave path in C3 AI Inc. and explain why the stock should see more downside in a Zig-Zag correction towards a Blue Box area.
US Stocks Plunge As Tech Shares, Including Nvidia And AMD, Decline Amid Economic Concerns
US stocks faced a sharp decline on Tuesday, driven by underperforming technology shares and renewed concerns about the economy’s health.
The Dollar Is Bid But Ueda Lends Support To The Yen
The dollar is bid as the upside correction that began last week continues today. The greenback is trading above last week's highs against most of the G10 currencies. The yen is the notable exception.
Manufacturing And Construction Together Suggest Weak But Still Expanding Leading Sectors
I do not see the US economy falling into recession unless either both construction and manufacturing are in synchronous decline, or else at least one of them contracts very sharply.
"Copper Rally Delayed": Goldman Slashes Forecast By $5,000 For Base Metal Amid China Woes
Just four months after Goldman analysts warned clients that copper markets were "moving into extreme tightness," the bank has now exited its long-term bullish position on the base metal and slashed its 2025 price forecast by nearly $5,000.
Will Gold Drop Again In September This Year?
The gold price has dropped every September since 2017, with an average decline of 3.2% over the month. And September has also commonly been one of the worst months for stocks, with an average decline of 1.5% in the S&P over the past decade.
Semis Set For A Historic Crash
Semis could be one of the greatest wipeouts of the decade, led by the overvalued NVDA
Second Quarter Contraction In Hungary Confirmed
The Statistical Office confirmed the quarterly decline in real GDP in 2Q24, with agriculture and industry the main drags. The economy is still healing, but a full recovery won’t happen without an improvement in business and consumer confidence.
Precious Metals Market Update - Gold’s Seasonality Is In Play
As we enter September, it's important to note that this month has historically been challenging for precious metals. Since 2009, gold has typically dropped by 2.4%, silver by 3.8%, platinum by 3.7%, and palladium by 0.4%.
WTI Oil Falls To $70 As OPEC Production Rumors And Reduced China Demand Weigh
WTI is declining sharply into the $70.50s a barrel, down over 4.0% on Tuesday, as rumors of OPEC+ production cuts and concerns around slowing China demand weigh on the black gold.
Tesla Reports Best Sales Month In China; Stock Sees Slight Gains
Tesla reported its best sales month of the year in China for August 2024, with over 63,000 cars sold, marking a 37% increase from July.