22 billion Shiba Inu tokens were destroyed in 497 transactions, permanently pulling them out of circulation. The Dogecoin-killer Shiba Inu added 22,000 new holders over the past week, fueling a…
For The Week Of May 23-27 What are the highlights next week We’re wrapping up the seventh straight week of declines in the S&P 500 as the recession fears mount.…
North American News Stocks snatch victory from a jaws of defeat (at least for the S&P and Dow) S&P averts closing in bear market territory. The Nasdaq has a moral…
It seems that central bankers made a wrong estimation… After emerging from the deep crisis caused by the coronavirus pandemic, the global economy faces new disastrous scenarios with soaring inflation.…
The realist-optimistic scenario points to the possibility of cautious buying by long-term investors from current levels. Bitcoin has been hovering around the 30K mark for a second day, forcing the…
North American News S&P 500 reclaims 3900 but remains negative, and the Dow Jones drops more than 150 points on risk aversion The S&P 500, the Dow Jones, and the…
What’s next for crude oil I want to highlight two critical oil charts. The first is from Goldman Sachs and it illustrates broad levels of oil spending globally. Remember that…
Ugly day in markets The wheels are truly coming off today in markets as we carve out new lows. S&P 500 down 136 points or 3.36% Nasdaq down 4% The…
North American News US stocks close near session lows and another horrible day to the downside NASDAQ falls -4.73% The major US indices are all closing sharply lower as concerns…
It’s tough to see how prices don’t go even higher Share of Target are down 24.5% in the pre-market after missing badly on earnings despite growing revenue and traffic. The…
North American News Tech stocks rebound and so do banking shares in a broad rally Solid gains for the major indices led by the NASDAQ index Tech stocks, bank stocks,…
So far, there is little reason to argue that a prolonged rise will follow the current buying. On Monday, Bitcoin was down 3.6%, ending the day around $29.9, but is…
Comments from Powell at a WSJ event Reports that there’s broad support for having 50 bps on the table at the next two meetings Expresses uncertainty about the economy Financial…
North American News US major indices mixed with Dow higher, S&P and Nasdaq lower Major indices off to a mixed start to begin the trading wee The US major indices…
What goes down doesn’t always go up Luna — recently at top-5 crypto — has imploded down to nearly nothing. It’s been shattered along with a disastrous plan to use…
North American News Rebound?US stocks move higher today, but still down on the week NASDAQ and S&P down for the 6th consecutive week. Dow down for the 7th consecutive week…
Third straight week of gains The resilience in the oil market this week is shocking. Consider: Brutal market for risk assets with stock markets down six weeks in a row…
North American News Nasdaq erases declines. Closes marginally higher. Dow and S&P close lower Nasdaq erases a decline of -2.25%. The Dow was down as much at 605 points at…
Federal Reserve Powell interview, highlights come via Reuters: “Whether we can execute a soft landing or not, it may actually depend on factors that we don’t control.” executing a soft…
With stock prices cratering and bond yields soaring, it’s a fair question to ask if the housing bubble is about to burst, too. After all, home prices have skyrocketed in…
