Author Archive: Jeremy Parkinson
Amid Tech War Trumbles, Pre-CPI Jitters Ripple Across Trading Floors
Image Source: Unsplash MARKETSMonday’s US stock market session saw a mild retreat, spotlighted by Nvidia’s (NVDA) slip, a dip tied to a burgeoning antitrust probe in China. This pullback sets the stage for a potential macro pivotal week on Wall Street, as all eyes turn to the upcoming consumer inflation report—a key precursor to the Federal Reserve’s […]
700,000 People Just Lost Their Job… What’s Next For The Economy?
Image Source: Pexels 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. That includes the headline payroll number, too. Unemployment is up and, when you properly account for everyone, up A LOT. Just like […]
Russell 2000 Tags Support
Bears ultimately won out, but it was not Semiconductors that suffered, but the Russell 2000 (IWM) instead. I had talked about the Rusell 2000 as the bullish play for today, but in the end, it couldn’t deliver. However, despite today’s loss it didn’t undercut 20-day MA support, although the ‘sell’ trigger in the MACD expanded […]
Traders Bet On Volatility As The S&P 500 Falters
Image Source: Unsplash The S&P 500 had its worst day in three weeks as it drifted lower by more than 0.5%. That number isn’t necessarily anything to write home about, but I’m seeing some things happening behind the scenes that, potentially, are ominous.Last week I gave you a signal from the volatility markets that we could […]
Argentina’s Economic Challenge In Context
When those outside Argentina discuss Javier Milei, who took office as President of Argentina in December 2023, I sometimes feel as if they are actually saying how they would feel if Milei was elected in their own country. For example, Milei has in a year cut Argentina’s government spending by 30% in real terms. So US-based […]
5 ETFs For Smart Holiday Season Investing
Image Source: Pixabay The holiday season started on a strong note with online and in-store shopping surging on early sales promotions from retailers. The skyrocketing stock market backed by the Trump bump, Fed rate cuts and AI boom has laid a strong foundation for the festive period amid difficult weather trends and a shorter holiday calendar. Consumer […]
Rates Spark: CPI Tuesday A Test For Longs
U.S. rates are running a tad scared ahead of Tuesday’s CPI report. And it’s a week of high duration supply to boot. We’re still eyeing lower yields, but this week is pushing against that. Implied volatility of EUR rate markets suggests that near-term risks have fallen. Having said that, going into 2025 we see plenty […]
Russian lawmaker proposes national Bitcoin reserve
Key Takeaways A Russian lawmaker has proposed the creation of a national Bitcoin reserve to counteract sanctions and geopolitical risks. The proposal could influence other sanctioned countries to consider cryptocurrencies as tools for maintaining financial stability. Share this article A Russian lawmaker has proposed creating a national Bitcoin reserve to hedge against geopolitical risks and […]
Stocks And Precious Metals Charts – Stocks Slumped Today
Stocks slumped today, and failed to recover even into the close.They were incredibly short term overextended.Gold and silver rallied sharply after the Non-Farm Payrolls and Option Expiration smackdowns.Wash – rinse -repeat.Bitcoin backed off further from its attempted takedown of $100,000.VIX ticked upward slightly but there was no real fear in the markets today.Have a pleasant […]
Dow, Nasdaq Shed Triple Digits As Nvidia Weighs
Tech stocks finally showed some weakness today, as Nvidia (NVDA) weighed on the outperforming sector. The Nasdaq took triple digits off Friday’s record close, while the Dow clocked its third-straight triple-digit loss. The S&P 500 also finished lower, as profit taking gripped Wall Street. Against this backdrop, the Cboe Volatility Index (VIX) logged its best single-session […]
