Defensive Posture: Dump Financials, Stock Up On Utilities And Tech

TalkMarkets - Wed, 09/25/2024 - 21:15
Right now I’m seeing a lot of defensive posturing going on - filling sandbags. Traders are dumping financials, scooping up utilities left and right, and getting back into the sector that was dead three or four weeks ago: tech.

Economic Data Under The Microscope, But Surveys May Be Skewed By Politics

TalkMarkets - Wed, 09/25/2024 - 20:54
U.S. stocks took a hiatus from record highs as the financial markets hit the pause button ahead of Friday’s big inflation data drop

Stocks Fall But Feel Stuck…For The Moment

TalkMarkets - Wed, 09/25/2024 - 20:35
Despite the S&P 500 closing flat today, it was a reasonably weak session overall. Within the index, only 132 stocks advanced, while 368 declined.

Russell 2000 Morphs Into Double Top

TalkMarkets - Wed, 09/25/2024 - 20:15
The Russell 2000 had created a resistance break in the move back to the July spike high, but today's loss ended that, opening up the possibility for a double top.

Stocks And Precious Metals Charts - Rustling Leaves, Whispers On The Lips Of The Dead

TalkMarkets - Wed, 09/25/2024 - 19:55
Stocks turned in a very mixed performance today, with the broader market showing the greatest weakness, and the heart of the bubble, the tech stocks, showing more resilience.

GBP/USD Sheds 1.34 Amid Greenback Rebound

TalkMarkets - Wed, 09/25/2024 - 19:37
GBP/USD struck an abnormally nearish tone on Wednesday, plunging back below the 1.3400 handle amid a broad-market pullback from full-bore risk appetite.

Gold Price Retains $2,650 Amid Climbing US Yields, Strong USD

TalkMarkets - Wed, 09/25/2024 - 19:15
Gold price remains steadily above $2,650 for the second straight session on Wednesday as traders increased the odds for another big interest rate cut by the Federal Reserve (Fed) at the upcoming November meeting.

SoFi: Don't Give Up Now

Seeking Alpha - Wed, 09/25/2024 - 19:00

Thai Stock: Amata Corporation

TalkMarkets - Wed, 09/25/2024 - 18:53
Amata Corporation Public Company Limited is a Thai industrial estate provider that hosts over 1,000 factories in two locations in Thailand three in Vietnam, one in Laos, and one development in Myanmar.

Watch The Housing Bust Play Out In Real-Time

TalkMarkets - Wed, 09/25/2024 - 18:35
With home prices at record highs and very few actual sales taking place, a growing number of would-be sellers decide to list their properties at current prices, causing the number of houses on the market to rise.

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