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Last Friday's trading session was a bit of a mixed bag. Buyers stepped in at the 50-day MA for the S&P 500, but they lacked conviction with light trading volume and a net bearish turn in...
Below is essentially a net income chart from LSEG I/B/E/S – for the S&P 500 as earnings season progresses each quarter. This is a normal chart of the quarterly progression and explains the...
On the heels of last week’s piece “Another Gold Pop n’ Flop”, now we’ve “Gold Gets Gut-Punched Again” But be thee not at ends, dear friends. For as we’ll herein see, gold’s weekly parabolic trend...
It’s a busy week for economic data, both monthly and quarterly, as well as the all-important FOMC statement on monetary policy due out Wednesday afternoon, July 31. Also, Microsoft (NASDAQ:MSFT)...
Key Takeaways Volatility came back with a vengeance this week as selling pressure in the mega-cap space dragged down the broader market. Counterbalancing weakness in these heavyweight names poses a...
Stocks fluctuated on Thursday in a big way, with the daily trading range of the S&P 500 index exceeding 100 points. It closed 0.51% lower, indicating ongoing uncertainty and a generally bearish...
ServiceNow Inc. surged 15% following a strong earnings report, bringing its year-to-date gain to nearly 20%. ServiceNow's latest earnings exceeded expectations, with a 33% increase in adjusted EPS...
The S&P 500 faces a correction but recent stronger-than-expected GDP data might revive its recovery prospects. Despite a muted initial reaction, traders are eyeing if the improved economic data...
Dollar/yen rebounds after US GDP data Core PCE the next test for Fed rate cut bets Yen rally losing steam ahead of BoJ next week Wall Street extends slide, more earnings awaited GDP Data Adds Fuel...
Market participants have started to question the earlier high earnings growth prospects placed on the “Magnificent 7” stocks. The past month of record low implied correlation among S&P 500...
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