Market Overview

In the past week, major financial markets have suffered a setback as central bankers tried to dampen investors' hopes about possible rate cuts. However, the NASDAQ saw an uptick thanks to the...

Friday’s economic data was yet another proof of the diverging fortunes between the US economy and the rest of the developed world.In the morning, the UK announced that its retail sales slumped...

Economic growth continues to defy expectations of a slowdown and recession due to continued increases in deficit spending.The U.S. Treasury recently reported the December budget deficit, which shows...

Next week’s official release of US GDP data for the fourth quarter remains on track to post a moderate increase, based on a median estimate for a set of nowcasts compiled by...

Apple and semiconductors push Nasdaq 100 to new record high But Fed repricing limits gains outside of tech as yields edge upDollar holds firm, pound slips on data, yen propped up by verbal...

Gold Attracts Safe-Haven Flows as Tensions in the Middle East EscalateOn Thursday, the gold (XAU) price rose by 0.85% due to the growing demand for safe-haven assets as the conflict in the Middle East...

The stock market finished higher yesterday. It was an entertaining day, especially if you understood the background of the sudden and “unexpected” rally, especially heading into OPEX...

The IEA revised its 2024 oil demand growth forecast up to 1.24M bpd amidst ongoing tensions in the Middle East. WTI Crude Oil is peeking out above its multi-month bearish channel, but traders may be...

On Tuesday, I joined the MoneyShow “Virtual Accredited Investor Conference” to present “Turnaround Tom’s Top Picks and Outlook for 2024.” Thanks to Mike Larson, Debbie...

Dollar gains as US retail sales beat estimatesProbability for Fed rate cut in March declines furtherYen falls further ahead of Japan’s National CPI dataPound and euro recover some lost groundUS...

Gold Dropped Sharply After the US Retail Sales Report Was ReleasedThe gold (XAU) price hit a 1-month low on Wednesday after strong economic data that boosted the US dollar and Treasury yields,...

Investors continue to come back to their senses and the latter involves trimming the interest rate cut expectations that went ahead of themselves over the past few months. Yesterday, the Federal...

The sharp drop in the New York Federal Reserve’s Empire State business-conditions index in January triggered a wave of warnings.Soon after this monthly survey data was released yesterday (Jan....

Waller says Fed is in no rush to cut ratesMarch cut probability slips and dollar gainsPound rebounds after hotter-than-expected UK CPI dataYen and euro extend losses, Wall Street also slipsTraders...