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Rising rate cut hopes are fueling rallies in major indexes. Nasdaq 100 has broken above a key resistance. Meanwhile, S&P 500 is looking to break above a critical barrier. In 2024, invest like the...
This is probably going to be a dull week in terms of newsflow. Yesterday, we had Barkin and Williams from the Fed talking, and Barkin was more Hawkish on the rate outlook than Williams, although...
While I was looking for zig-zag measured moves lower for the S&P 500, Nasdaq and Russell 2000 (IWM). All of these indexes did a good job of pushing out of bearish patterns and setting up for...
It gets almost no press, but with a lot of the mega-cap tech, consumer discretionary, and communication services stocks still not trading at all-time-highs, it’s interesting to note that just...
Last week was big for macro and markets.Today’s piece is going to cover: The Fed’s dovish announcement: a sizeable tapering of their Quantitative Tightening program; A potential upcoming...
The latest FOMC meeting caused a S&P 500 rally as Jerome Powell turned more “dovish” than expected. While Powell did note that progress on inflation has been lackluster, the...
Capex: FASB – the Financial Accounting Standards Board – defines “capex” as “the investment required to sustain the economics of a business”. Capex is not an...
Not to overly dwell — let alone predict — by subject title, however, if we search our recollect (thank you Ken Starr), was it not by this time a year ago that we’d witnessed a few...
In last month’s newsletter, I wrote the following: “In the short term, the stock market is overbought, momentum is waning, and volume indicators are falling. This is a warning (not a...
The U.S. Bureau of Labor Statistics released the April jobs report on Friday, revealing a cooling labor market with narrower job gains across several major industries. The report showed that the U.S....
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