Category Archive: Finance, No picture
Earnings Take Center Stage As The Trump Trade Reignites
Image Source: UnsplashMonday’s market action had all the hallmarks of a mixed bag, with the Dow Jones Industrial Average and S&P 500 retreating, while the Nasdaq bucked the trend, climbing higher as Nvidia (NVDA) hit a new all-time high. But let’s not get too carried away by Nvidia’s surge—it masked a subtle bearish intraday undertone as […]
3 Tech Stocks To Watch As Q3 Earnings Approach: CSGP, IBM, VRT
Image Source: UnsplashLed by International Business Machines (IBM – Free Report), several trending tech stocks are set to report their third quarter results on Tuesday, October 22.Here’s a brief earnings preview for IBM and a look at two IT services stocks to watch as their Q3 reports approach. IBM’s Q3 Expectations Expanding outside of its renowned computer hardware […]
Rates Rise Sharply As The 10-Year Marches Towards 6%
Stocks were modestly lower, but there was a clear risk-off tone throughout the day as rates rose sharply, along with the dollar. The CDX high-yield credit spread index also moved higher. Despite the S&P 500 finishing down about 20 basis points, the day felt much worse, with the equal-weighted S&P 500 dropping more than 80 basis points.Market breadth was poor as well, with only 80 stocks up and 419 stocks […]
EUR/USD Grinds Closer To 1.08 In Monday Fallback
Image Source: Pixabay EUR/USD shed nearly half of a percent to open another trading week. Markets pivoted back into the Greenback on renewed skepticism on the pace of rate cuts. Heavy appearances from central bank member due throughout the week. EUR/USD fumbled on Monday, kicking off a new trading week with a downside push as price […]
Gold Price Declines Weighed By US Yields, Strong US Dollar
Image Source: Pixabay Gold trades just below its record high, down 0.09%, as US Treasury yields rise over 10 basis points, reaching 4.192%. Safe-haven flows continue amid Middle East hostilities and US election uncertainty with polls showing a tight race between Harris and Trump. Fed officials hint at gradual rate cuts, but a 25 bps cut […]
Australian Dollar Down As US Dollar Emerges
Image Source: Unsplash AUD/USD value has dropped due to consistent gains in the US Dollar. Monetary policy divergence between the RBA and the Fed could provide some relief to AUD/USD. Uncertainty surrounding China’s economic outlook and stimulus efforts remains a key challenge for the Aussie. The AUD/USD pair has declined in the Monday session, following consistent gains […]
Equity Factor Report – Q3 2024: Value And Low Volatility Strategies Rally
OverviewIn anticipation of interest rate cuts, investors buoyed Small Cap and Value stocks to kick off the third quarter, with the rally fading as the quarter progressed. Small Caps handily outperformed their Large Cap counterparts across the U.S. and Developed ex-U.S. regions. The Russell 2000 Index (+9.3%) outperformed the Russell 1000 Index (+6.1) and the […]
Nasdaq 100 & S&P 500 Elliott Wave Daily
Image Source: Unsplash I again have made adjustments to the labeling in both the NQ and ES. The ultimate goal is the same in that additional upside is still expected with previously given targets remaining as well. The NQ remains the more difficult market to nail down an EW count. It has become a day-by-day internal […]
Can Biotechnology Make A Seasonal Move Higher?
I have commented but not focused too much on our Big Brother Biotechnology, IBB.My weekend comments were, “IBB remains stuck in its weekly trading range. Remember, the longer the range sustains, the better the move out of it tends to be. IBB gets interesting over 150.” So what about that trading range and current levels?The […]
A Bond Rout Spooks Interest Rate-Sensitive Sectors
Image Source: Unsplash Bonds have been quietly (as usual) selling off as the S&P 500 tests new all-time highs. Of course, for folks like me who’re in the markets all day, “quiet” is anything but; rate-sensitive corners of the market may finally take notice after today’s sell-off.Now, I can hear you ask: “What does interest rate-sensitive […]
