Author Archive: Jeremy Parkinson
Rates Spark: Yields Remain Vulnerable To A Reversion Higher Ahead
US CPI came in at consensus, averting a scare that the number would turn out higher. Retail sales came in significantly weaker than expected, bringing down yields. There is a viable narrative of macro slowdown, but the inflation data remain too hot still. Market yields remain vulnerable to retracement higher until a material taming in […]
October Of 2024 Will Be Crucial Month For Cryptocurrency Investors
Image Source: Unsplash In this article, we analyze trends in blue-chip cryptocurrencies BTC and ETH. Both are leading indicators of the crypto markets, and there is a different reason why October of 2024 is crucial for BTC, ETH, and consequently for the entire crypto market.The summary: Bitcoin’s time/price analysis gives us October 14th, 2024, as a […]
Indexes Score Record Closes Amid Rate Cut Optimism
The S&P 500 and Nasdaq secured fresh record closes today, thanks to April’s consumer price index (CPI) reading that was lighter than expected. The Dow settled higher as well at an all-time high of its own, brushing off flat retail sales as it nabbed a 10th daily win in the last 11 sessions, with investors now optimistic […]
XRP Holdings Surge: 19 Banks Report $10.27 Billion Investment Positions
Image by WorldSpectrum from Pixabay According to reports, XRP, the cryptocurrency associated with Ripple Labs Inc now stands out as a popular investment option. The Basel Committee on Banking Supervision (BCBS) revealed that 19 banks from various jurisdictions across the globe reported crypto exposures of $10.27 billion, with XRP among those taking the lead. This figure could be much […]
Here’s What Wall Street Experts Are Saying About Walmart Ahead Of Earnings
Image Source:Mike Mozart, Flickr Walmart (WMT) is scheduled to report results of its first quarter before the market open on Thursday, May 16, with a conference call scheduled for 8:00 am EDT. What to watch for: GUIDANCE: In February, Walmart forecast fiscal 2025 adjusted earnings per share of $6.70-$7.12 on revenue of up 3%-4% vs. fiscal 2024. Walmart also […]
Gen Z Investing In Meme Stocks Like A Casino?
Image source: Pixabay In this episode, host James Connor and financial expert Kyla Scanlon as they dive into the future of our economy in this crucial episode of Wealthion. Discover Kyla’s insights on market volatility, the role of meme stocks like GameStop (GME), and what young investors should brace for in these turbulent times. Kyla, a […]
No New Orders And No Spending In The Empire State
Among this morning’s data releases was another weak NY Fed manufacturing report. The Empire State Manufacturing Survey’s headline reading came in at -15.6. That compares to -14.3 for April and expectations of an improvement to -10. That miss relative to forecasts means the indicator has been weaker than expected three months in a row. The […]
US lawmaker urges SEC to repeal controversial crypto custody rule SAB 121
US Representative Wiley Nickel has called on the Securities and Exchange Commission (SEC) and its Chair, Gary Gensler, to repeal the contentious Staff Accounting Bulletin 121 (SAB 121) before the upcoming Senate vote.SAB 121 mandates financial institutions custodying crypto to hold these assets on their balance sheets, a requirement that has drawn criticism from various […]
Is Starbucks A Buying Opportunity After Q1 Earnings Or A Stock In Decline
Image courtesy of 123rf.com Since the start of the year, Starbucks (Nasdaq: SBUX) has lost $23.2 billion in market value. The coffeehouse chain’s stock suffered a particularly steep drop on April 30th after the release of Q2 2024 earnings. This period contributed most to Starbucks’s value drain, accounting for a $14.3 billion reduction in market cap. With a […]
2024 Set For Large Solar Increases In U.S., China, And India
Image Source: Pixabay The Silver Institute continues to report the silver market in a significant deficit for the 5th consecutive year, with the growth in solar panels being one of the main drivers.And while there are some who have suggested we may finally begin to see solar production growth rates slow, the latest data shows the […]
