Category Archive: Finance
FTSE Snaps Its Winning Five Day Streak
Image Source: Pexels On Wednesday, the FTSE 100, the leading stock index in the UK, fell, ending a consecutive five-day rally. The decline was largely attributed to a dip in AstraZeneca’s shares after a revision of its target price. At the same time, investors were assessing local economic data along with remarks from Bank of England […]
ISM Non-Manufacturing Shows That Services Continue To Power The Economy Forward
Because services are roughly 3/4’s of the economy, I now pay a lot of attention to the economically weighted average of the ISM manufacturing and services indexes. Since the accession of China to normal trading status with the US, a downturn in manufacturing alone has simply not been enough to forecast recession – which has […]
Bond Yields Need To Be Watched
I hear lots of folks pointing out flaws in the markets, but I remind people that late Q4 declines from new highs are extremely rare. Cracks usually continue into the new year before any kind of meaningful pullback is seen. Sure, we can get a 2-3% pullback anytime and certainly between now and the 20th. […]
Exports Vs. Global Currency Weakness. The Corn & Ethanol Report
We kicked off the day MBA 30-Year Mortgage Rate, MBA Mortgage Applications, MBA Mortgage Market Index, MBA Mortgage Refinance Index, and MBA Purchase Index at 6:00 A.M., ADP Employment Change at 7:15 A.M., Fed Musalem Speech at 7:45 A.M., S&P Global Composite PMI Final and S&P Global Services PMI Final at 8:45 A.M., ISM Services […]
Bitcoin Exchange Reserves Plunge To Multi-Year Lows: Will BTC Gain From Supply Crunch?
Image Source: Unsplash According to data from CryptoQuant, Bitcoin (BTC) reserves on cryptocurrency exchanges have dropped to a multi-year low. This decline coincides with the ongoing bull market, which has pushed the digital asset’s price closer to the $100,000 mark. This significant decline could have major implications for the asset’s supply-demand dynamics. Investor Confidence Increasing In […]
It’s Trump’s Stock Market, Invest Accordingly
Image Source: Pexels The stock market is increasingly being driven by Trump and his agenda for his second term. If you’re looking to make money in this market, focusing on these items has been working well.Consider what has taken place with Meta (META).Historically, META’s CEO Mark Zuckerberg has been left leaning in his political views. He […]
Salesforce Earnings Breakdown
Salesforce (CRM) reported quarterly results of $2.41 in adjusted EPS (+14% growth), on sales of $9.44 billion (+8% growth). EPS results missed street estimates by -1.2%, while sales results beat estimates by +1.0%. Stock has gapped up about 8% today after results. Presumably related to excitement in the company’s new AI program; Agentforce. Price briefly […]
DeFi Index Is Extending Higher
Image Source: Pexels We talked a lot about ALTcoins and DeFi Index, we also shared many articles in the past months. Here is the latest one from November 11.DeFi tokens are nicely extending higher and we can see index still trading in a projected wave 3 of (3), just be aware of some wave 4 pullback […]
BTC Report: Trump Considers Pro-Crypto Picks For CFTC, Trading Volume Up
Image Source: Pixabay Bitcoin (BTC), currently priced at $95,549.62, has seen a slight decrease of 0.40% in its value over the day so far. This comes amid significant market activity, with a trading volume of $68.9 billion, surpassing its average volume. Meanwhile, the digital currency space is abuzz with developments such as the potential appointment of […]
S&P 500, Nasdaq Continue Record Run As Tech Stocks Rally
Strong tech earnings are lifting the market today, with the Dow Jones Industrial Average (DJI) up 235 points, while the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) notch fresh record highs. Investors are also unpacking a cooler-than-expected ADP employment report that saw private payrolls grow by 146,000 last month. Wall Street is also awaiting comments from Fed […]
