Nasdaq 100 & S&P 500 Elliott Wave Update - Monday, Dec 9
Markets had a fairly strong Globex session on Sunday. The NQ made an additional high which I have noted as the completion point for the minuette 3rd wave.
WTI Rebounds To Near $68.00 Amid Middle East Geopolitical Risks
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $67.90 on Tuesday. The WTI price recovers amid the rising geopolitical tensions in the Middle East after the downfall of Syrian President Bashar al-Assad.
EUR/USD Slumps As ECB Rate Call Looms Ahead
EUR/USD trimmed its stance slightly on Monday, easing back away from the 1.0600 handle after facing a technical rejection from the key level last week.
Amid Tech War Trumbles, Pre-CPI Jitters Ripple Across Trading Floors
As caution sweeps across the trading floors, investors meticulously trim positions in stocks and bonds, bracing for the pivotal economic updates ahead
700,000 People Just Lost Their Job... What’s Next for the Economy?
The BLS labor data had a chance to show that October's weakness really was just a combination of one-off factors, instead did everything to confirm that it wasn't those at all.
Russell 2000 Tags Support
Bears ultimately won out, but it was not Semiconductors that suffered, but the Russell 2000 ($IWM) instead.
Traders Bet On Volatility As The S&P 500 Falters
The S&P 500 had its worst day in three weeks as it drifted lower by more than 0.5%.
Argentina’s Economic Challenge In Context
In the big picture, Argentina’s problems is overly large budget deficits.
5 ETFs For Smart Holiday Season Investing
While several ETFs are poised for solid gains, these five ETFs look to benefit the most from the annual shopping event.
Rates Spark: CPI Tuesday A Test For Longs
U.S. rates are running a tad scared ahead of Tuesday’s CPI report.
Stocks And Precious Metals Charts - Stocks Slumped Today
VIX ticked upward slightly but there was no real fear in the markets today.
Dow, Nasdaq Shed Triple Digits As Nvidia Weighs
The Nasdaq took triple digits off Friday's record close, while the Dow clocked its third-straight triple-digit loss.
How China’s Nvidia Investigation Could Reshape The AI Chip Industry
China probes Nvidia’s Mellanox deal over potential antitrust violations.
The Evil Cycles Of War And Economic Destruction
Expanding credit or printing money does not create economic value, but buys time.
Analysts See $200,000 Bitcoin By 2025 As Adoption Spikes
Global adoption of the world’s largest digital asset by market cap is getting harder to ignore.
Top 3 Korean Stocks To Buy After The Martial Law Fiasco
A number of Korean stocks are worth buying at current levels.
Schrödinger’s Puts
The implied volatility of at-money SPX options has plummeted even faster than the below-market options.
The Monkey's Paw And Interest Rates
If the Fed were to adopt even “steeper rate cuts” than seen in the recent past, despite the robust NGDP growth, there would be a very real risk of inflation re-accelerating.Inflation is unpopular.
Yellow Flags From The November Jobs Report
Since July, only 7,000 goods producing jobs have been added, or only a .03% increase. In the past 8 months, only 39,000 goods producing jobs have been added, an increase of .18%.
It’s Liquidity, Stupid
We look at falling German IP contrasted with rising German DAX, market concentration stuff, Call vs. Puts in the 98th percentile, supportive internals, weak labor data, a long Ag trade, and a pitch for cheap protection.