Author Archive: Jeremy Parkinson
Bitcoin miners might pivot to AI after the halving — CoinShares
Bitcoin miners may shift their focus towards artificial intelligence (AI) in energy-secure locations following the blockchain’s quadrennial halving, according to a report by digital asset manager CoinShares.The halving, which occurred on Friday evening, slows the rate of growth in bitcoin supply by 50%, potentially leading miners to seek alternative revenue streams.CoinShares noted that mining companies […]
Will Commodities Continue To Outperform In 2024?
In December I wondered if commodities were poised to be the contrarian trade of 2024. Four months later, there’s no competition across the major asset classes: commodities are the upside outlier by a wide margin, based on a set of ETFs through Friday’s close (Apr. 19).WisdomTree Enhanced Commodity Strategy Fund (GCC) is up nearly 15% year to date. The […]
Sensex Today Rallies 622 Points; PSU Bank Stocks Shine
After opening the day on a high, Indian share markets continued the momentum as the session progressed and ended the day firm.The Indian stock market benchmarks, the Sensex and the Nifty 50 extended their gains into the second consecutive session on Monday, April 22, tracking positive global cues amid easing concerns over geopolitical tensions in […]
This Week: Big Tech Earnings To Influence Nasdaq 100?
Image Source: Unsplash The NAS100 index has fallen in six of the past 7 weeks, as markets push back bets for Fed rate cuts in 2024. Note that, riskier assets (including stocks) tend to rejoice at the thought of US interest rates moving lower. Hence, such joy has swiftly eroded in light of stubbornly high US […]
Stocks Expected To Rebound, But Is The Correction Over?
S&P 500 lost 3% last week. Will it find a short-term bottom soon?Stock prices sold off on Friday on Middle East tensions as markets feared potential retaliation from Israel following Iran’s attack. The S&P 500 index dropped by 0.88%, falling below 5,000 and reaching a new medium-term low of 4,953.56. This marked its lowest level […]
Poland’s Labor Market Remains Tight
Image Source: Pexels In March, Polish enterprise sector wages rose by 12% YoY, close to the consensus and slightly weaker than a month prior. The high growth most likely reflects the significant minimal wage increase in 2024 and tight labour market conditionsHigh minimal wage growth and strong bargaining power among workers resulting from Poland’s tight labour market conditions have […]
Crypto funds see $206 million in weekly outflows led by US Bitcoin ETFs: CoinShares
Crypto exchange-traded products (ETP) experienced $206 million in outflows last week and a decrease of $18 billion in trading volume, reveals a report by asset management firm CoinShares. Bitcoin (BTC) products represent 28% of the trading volumes, a drop from 55% a month earlier.James Butterfill, CoinShares’ head of research, stated that this trend indicates a […]
Election Year Market Expectations
Investors tend to prefer periods of stability. However, as we share below, politicians’ promises appear to offset the potential instability associated with changes in the White House and/or Congress. We present the graph below to help appreciate how seasonal patterns may affect stock prices this election year. Since 1972, only three of the thirteen election […]
Bulls Have Opportunity To Put Foot Down For Reprieve N/T
Unable to push through resistance, major US equity indices took a drubbing in recent weeks. Mid- to long-term, more downward pressure is probable. Near-term, it is looking like a toss-up between bulls and bears.The S&P 500 last week suffered its third consecutive down week. From the March 28th peak of 5265, it is now down 5.7 […]
Elliott Wave Analysis: Natural Gas
Photo by American Public Power Association on Unsplash Natural Gas Elliottwave Analysis Mode – Impulsive Structure – Impulse Wave Position – Wave (iii) of 5 Direction – Wave (iii) of 5 still in play Details: Wave (ii) taking a higher leg. Still favors the downside for (iii) on the way to complete wave 5 of (3). Not much has […]
