Gold Price Reaction Key Zones To Buy
Image Source: Pixabay Recently, with gold, silver, and gold stocks overbought by almost every technical measurement, almost every gold investor in the West knew there had to be a pause in the action. All that was needed was a catalyst.The April 12 margin hike announcement for Shanghai gold futures contracts was that catalyst. It capped the […]
Record Large 2Y Auction Sees Stellar Demand, First Stop Through Of 2024
Image Source: Pixabay Bond traders were paying close attention to today’s 2Y auction not only because at $69 billion in size, it would once again break the record for the biggest 2Y auction issuance on record, but also because it comes at a time when yields are trading just shy of 2024 highs. The results, which […]
Alphabet Dominates With 76% Revenue From Advertising
Image Source: Pixabay Alphabet, the parent company of Google, is frequently spotlighted for its substantial investments in artificial intelligence (AI), yet many overlook its core business—advertising. In the fourth quarter, advertising revenues accounted for a whopping 76% of Alphabet’s total revenue, underscoring its dominant role in the business. There was an 11% increase in ad revenue during […]
Clinical-Stage BioTech Drug Stocks Portfolio Went Down 9% Last Week
Image Source: Unsplash An Introduction This article highlights the 10 clinical-stage AI-powered (designated with *) and psychedelic compound-based (designated with **) small cap ($400M to $2.0B) drug discovery companies in the munKNEE Clinical-Stage BioTech Drug Stocks Portfolio, their stock performances last week and so far in April (MTD), and their areas of focus. **GH Research (GHRS): […]
Bitcoin Halving Event Bolsters Resilience Amid Market Fluctuations
Image Source: Pixabay Bitcoin (BTC) witnessed a modest decrease over the past week, closing at approximately $65,000, down 1.1% from $65,650 the previous week.The cryptocurrency experienced a significant dip mid-week, dropping below $60,000, but recovered strongly in the latter half, settling close to its opening value. Challenges in the ETF market This period also saw stagnant demand for Bitcoin […]
Tesla Stock Sees Slight Gains As Market Awaits Q1 Results
Image courtesy of 123rf.com Tesla Inc. (Nasdaq: TSLA) shares experienced a modest uptick Tuesday, rising 2.17% to $145.13 at the time of writing, as investors eagerly await the electric vehicle maker’s first-quarter earnings report. The company is expected to face significant challenges, with analysts projecting a decrease in profitability and the worst overall sales since the third quarter of […]
Dow, Nasdaq Up Triple Digits Midday
The Dow Jones Industrial Average (DJI) and Nasdaq Composite (IXIC) are both sporting hefty triple-digit leads this afternoon — the former on track for a fourth-straight win — while the S&P 500 Index (SPX) is comfortably higher as well.Wall Street has plenty of earnings reports and economic data to unpack, with home sales rising more than expected […]
Corporate Bond ETFs HYG And JNK Suffer Outflows Amid Fed Jitters
Image Source: Pixabay Investors are dumping corporate Exchange Traded Funds (ETFs) as signs emerge that the Federal Reserve will maintain higher rates for longer because of the stubbornly high inflation in the US.Data by ETF.com shows that the iShares iBoxx USD High Yield Corporate Bond ETF (IYG) has shed over $2.2 billion this month, reversing the gains it […]
New Home Sales Rise 8.8 Percent After 3.8 Percent Negative Revision
New home sales by Census Bureau, chart by Mish New Residential ConstructionThe Census Department released a heavily revised New Residential Construction report for March this morning. New Home Sales: Sales of new single-family houses in March 2024 were at a seasonally adjusted annual rate of 693,000 This is 8.8 percent (±17.2 percent) above the revised February rate […]
The Range-Bound New Home Sales Market Continues
As per my usual caveat, while new home sales are the most leading of the housing construction metrics, they are noisy and heavily revised. That was true again this month, as sales (blue in the graph below) increased almost 9% m/m to 693,000 annualized after February was revised downward by -25,000 to 637,000. As the five year […]
