Fed Rate Cut Odds In December Are 85.8 Percent Despite CPI Estimates
Rate cut odds have been rising despite relatively strong CPI data. The Fed meets December 18.
Elliott Wave View: Dow Futures Looking For Further Upside
Short Term Elliott Wave in Dow Futures (YM) suggests rally from 11.5.2024 low is in progress as a 5 waves diagonal.
Gold Price Extends Corrective Slide From Over Two-Week Top; Focus Remains On US CPI Report
Gold price (XAU/USD) struggles to capitalize on its intraday gains to levels beyond the $2,700 mark and retreats sharply from over a two-week high touched during the Asian session on Wednesday.
SPDR ETF Report For Tuesday, Dec 10
In this video, Ira Epstein reviews the day's trading in various SPDR-ETF markets for the trading day that ended, Tuesday, December 10.
Google Unveils Quantum Chip Willow: A Closer Look
Alphabet has found itself in the headlines following the announcement of Willow, its new quantum computing chip that boasts state-of-the-art performance across key metrics and enables major achievements in the field.
Market Indexes Close In The Red Ahead Of CPI Data
Market indexes spent most of the day riding flat trading levels after a mixed pre-market brought the positive Nasdaq and S&P 500 down and the Dow and small-cap Russell 2000 up by late morning.
Nike Dividend Increase
On 15 November, Nike (NKE) increased its quarterly dividend by 8.11%, from 37¢ to 40¢ per share. The dividend will be paid on 2 January 2025 to shareholders of record on 2 December 2024.
Calamitous Ratio
Our mutual friend LZ brought to our attention the ratio chart AMD/SMH, which is a thing of stellar beauty!
US Cattle Crisis Worsens As Nation's Herd Size Continues Alarming Side Into Abyss
America's beef cow inventory has steadily declined over the last half-decade, reaching 64-year lows and signaling a deepening crisis across the cattle industry.
These CPI Traps Could Make Us A Fortune On Wednesday
Markets are bullish in the long-term, but very bearish in the short-term. Combine that with a “hidden” clue on the tick charts, and it’s easy to see why these Bull & Bear Traps are my favorite trades for tomorrow!
Financial Markets Report For Tuesday, Dec 10
In this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Tuesday, December 10.
Nasdaq 100 & S&P 500 Elliott Wave Update - Tuesday, Dec 10
The markets continue to work their way towards what I believe will be a more significant high and that being Intermediate 3rd waves.
Preparing For An Inflation Uptick
This robust economic vigour suggests the Federal Reserve may not slash rates as dramatically or rapidly as its global counterparts, a scenario that’s solidly propping up the dollar.
WTI Remains Capped Below $68.50 On Disappointing Chinese Data, Surprise Climb In Crude Inventories
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $68.20 on Wednesday.
EUR/USD Retests 1.05 Ahead Of US CPI Inflation, ECB Rate Call In The Barrel
EUR/USD shed close to 0.2% on Tuesday, chalking in a third straight declining trading day and testing down into the 1.0500 handle as the Euro’s near-term bullish recovery fizzles out.
Silver Price Forecast: XAG/USD Nears $32 Hurdle Amid Fed Rate Cut Speculation
Silver price climbed some 0.19% on Tuesday yet failed to clear the $32.00 hurdle after hitting a three-week high of $32.27 at the beginning of the week.
Turnaround Tuesday: 3D Printing, Finally
An Israeli company, Stratasys Ltd., saw shares climb after the company raised its earnings outlook for the year and unexpectedly turned an adjusted profit in the third quarter.
Strategic Reserves And Stuff
Governments don’t need to hold reserves of Bitcoin or gold. In fact, the government doesn’t need to save money at all because it has a printing press.
The Case For Accelerating Inflation Is Weak
Excluding shelter, inflation is about average compared with the decade before the pandemic. Shelter remains the big issue, and there is every reason to believe it will continue to decelerate.
The Likelihood Of A Plaza Accord 2.0
The Chinese are trying to spur growth in their economy, in part by spurring net exports. Appreciation works against this.