Category Archive: Finance
Pessimism Has A Hair-Trigger, Optimism Not So Much
“Davidson Submits:The SP500 Net Non-Commercial Futures Positions series was updated yesterday at -80.1, a 90pt decline from 30 days ago. Investors following price-trends remain very skittish. SP500 history shows that pessimists have used a rise often as an opportunity to increase negative bets. Meanwhile, Real Retail Sales and the Trucking Tonnage indices continue along their prior uptrends which provides […]
Central Banks And Geopolitics To Support Gold In 2024
Image Source: Pixabay Gold may not have managed to sustain the record high from the start of the week but it has remained firmly above $2,000. At the time of writing it is trading just below $2,050, a key resistance level. The price has shown very little interest in the usually much anticipated US jobs report, […]
Pictures Of Lilly
Even I’m not crazy enough to short this thing, but good God, just look at Eli Lilly (LLY). It’s a straight blast higher, day after day, and it has a price/earnings ratio in the triple digits. Are they expecting a cure for every form of cancer in the next few weeks? As for the market in general […]
Nasdaq Up Triple Digits; Dow Struggling To Keep Up
Stocks are mostly higher this afternoon, as Wall Street continues to sift through the latest jobless data ahead of tomorrow’s highly anticipated jobs report, which will likely inform the Federal Reserve’s next steps.At last glance, the Nasdaq Composite (IXIC) is up triple digits following Alphabet’s (GOOGL) launch of its Gemini artificial intelligence (AI) model. Meanwhile, the Dow Jones Industrial Average […]
Productivity Puzzles
There are a whole bunch of puzzles related to changes in the economy after 1973: 1. Why did productivity growth slow after 1973? 2. Why did growth in real wages slow after 1973? 3. Why has labor productivity growth in construction stalled, while labor productivity growth in manufacturing has remained quite robust?Undoubtedly, there are many […]
A Look At Two Key Sectors As Markets Quiet Down
Markets have really quieted down as we get into the meat of December. That’s a plus for the bulls as the bears finally have some things on their side of the ledger to cling to. After such an amazingly powerful rally, the longer the bulls can hold off any meaningful pullback in stocks, the more […]
AMD Sets Sight On AI Chip Market, Plans To Dethrone Nvidia With New Product
Image courtesy of 123rf.com Advanced Micro Devices (Nasdaq: AMD) introduced a new AI chip, which it claims can rival Nvidia’s (NASDAQ: NVDA) most powerful offering, H100. With this new product, AMD hopes to disrupt Nvidia’s dominance in the AI processor market, which is expected to hit a valuation of $400 billion by 2027. The chipmaker’s shares climbed […]
FTSE Reverses Early Losses To Finish In The Green
Image Source: Pexels On Thursday, the FTSE 100 in the UK experienced an early decline across the board due to the negative impact of a stronger pound on the index, which is heavily reliant on exporters. Additionally, there was a decrease in risk appetite caused by higher government bond yields. The blue-chip FTSE 100 reversed ealy […]
GBPJPY Is Turning Sharply From Strong Resistance
Photo by Jay Gomez on Unsplash GBPJPY was in a strong bullish rise from the start of 2023, but five-wave bullish cycle within wave C of B suggests that the cycle can be coming to an end. With the current sharp reversal back below the channel support line on a daily chart, seems like 5th […]
Analytical Overview Of The Main Currency Pairs – Thursday, Dec. 7
Image Source: Pexels The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0789 Prev Close: 1.0763 % chg. over the last day: -0.24 % On Wednesday, Deutsche Bank said it expects the European Central Bank (ECB) to cut interest rates by 150 basis points (bps) next year, 50 bps more than its previous forecast, as inflation falls and central bank […]
