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Does Pending Home Sales Mean A Pending Recession?

Does Pending Home Sales Mean A Pending Recession?

Image Source: Pixabay In today’s video, we look at pending home sales. We discuss the -1.5% pushing the pending home sales not just to an annual low but the lowest reading since the creation of the pending home sales report. We highlight the lag in existing sales report compared to pending home sales. We also discuss […]
Global Indices – Elliott Wave Analysis

Global Indices – Elliott Wave Analysis

Image Source: Unsplash Stock Market Report S&P 500 – NASDAQ 100 – RUSSELL 2000 – DAX 40 – FTSE 100 – ASX 200. Elliott Wave AnalysisSummary: SP500 & Nasdaq 100 Wave 4 completed, looking at the first impulse wave to the upside developing. The pullback from this impulse wave the abc is the long trade setup […]
FTSE Holds Key Support After Testing Recent Lows

FTSE Holds Key Support After Testing Recent Lows

Image Source: Pexels On Thursday, the FTSE 100, which is heavily reliant on exports from the UK, remained quiet as energy companies saw an increase in their stock prices due to the rise in crude oil prices. This helped to offset some of the overall market weakness. The FTSE 100 initially saw some gains but then […]
This $221.9-Trillion Ticking Time Bomb Could Trigger A Financial Crisis

This $221.9-Trillion Ticking Time Bomb Could Trigger A Financial Crisis

Why the Odds of a Financial Crisis Are IncreasingThe mainstream media has been busy talking about a soft economic landing, but the odds of a financial crisis remain high. One could argue that they’re even increasing.If a financial crisis follows, be ready to see wild fluctuations in the financial markets and significant wealth destruction.Why could […]
These 3 Dividend Stocks Are Undervalued Using This Key Valuation Metric

These 3 Dividend Stocks Are Undervalued Using This Key Valuation Metric

Image Source: Unsplash Book value is an important accounting measure which calculates the net value of a company’s assets minus the net value of its liabilities. Assessing a company’s book value allows investors to screen for stocks that are trading below book value, which indicates an undervalued stock.These 3 undervalued stocks have stock prices trading below […]
Markets In “Covered Call” Territory

Markets In “Covered Call” Territory

Bulls have managed to retain control of their powerful rally off October lows. Shorts looked ready to attack with yesterday’s bearish ‘cloud cover’ candestick in the Nasdaq and S&P, but today’s action has managed to counter that without really changing the larger picture. If you held index ETFs then current action would be a decent […]
Dow Wraps Best Month Of The Year In Style

Dow Wraps Best Month Of The Year In Style

The Dow finished November on a stellar note, putting a bow on its best month since October 2022. The blue-chip index finished the day with a 520-point pop — its second 500-point win of the month — and marked an annual high earlier in the day. Meanwhile, the S&P 500 concluded its biggest monthly gain of the […]
Someday This Will Happen To Silver

Someday This Will Happen To Silver

Image Source: Pixabay In March 2022, there was a disruption in the nickel market that spiked the metal’s price. The lucky investors and market-makers who owned long futures contracts made fortunes.Just kidding. The exchange on which the futures traded canceled them and stiffed the contract owners. Some of the victims understandably brought suit and were awarded […]
Real Income Jumps 0.3 Percent Thanks To No Reported Inflation

Real Income Jumps 0.3 Percent Thanks To No Reported Inflation

Personal income and outlays from the BEA, annotations by Mish.Chart Notes PCE stands for Personal Consumption Expenditures (consumer spending) The PCE price index is the BEA’s estimate of price inflation Chained dollars means inflation adjusted by the PCE price index withe the base year set at 2017 but it does not matter what the base […]
Five Sector ETFs That Beat The Market In November

Five Sector ETFs That Beat The Market In November

Image Source: Pixabay Wall Street has been on a stellar ride, with all three major indices on track to wrap up their best monthly performance of 2023. The S&P 500 is up 8.5% in November, while the Nasdaq Composite Index has advanced nearly 11%. Both averages are tracking their best monthly performance since July 2022. The […]