Risk appetites return to start the new week
Overview: China and Hong Kong re-opened after the Friday holiday and equities rallied strongly. Japan, Taiwan, and South Korea advanced as well. However, India and Australia equities fell. Europe’s Stoxx…
Boris Johnson told lawmakers he will cut taxes if he remains in office
The voting will start in about an hour The horse-trading is well underway as Boris Johnson attempts to remain Prime Minister. It will take the votes of 180 Conservative MPs…
The Lack of Desperation in Crypto for a Real Rally
A possible signal of the market could be the capitulation of long-term investors. Bitcoin slowed late Tuesday afternoon, retreating from local highs near $32.3K to $31.5K. Ethereum has lost 2.5%…
Round up of today’s market news
North American News US major stock indices close lower on the day and lower on the week Major indices down 3 of a 4 trading days this week The major…
Gloominess persists after robust jobs report and Musk’s super bad feeling
Gloominess persists after Robust Jobs report and Musk’s Super Bad Feeling, Oil’s strong week, Gold eases, Bitcoin below $30,000. Robust hiring in May pretty much guarantees the Fed will move…
Acceptance that the Fed will stay the course and also implement QT is going to upset markets
Everyone latches on to the ADP forecast of the private sector jobs market as though it has meaning. It doesn’t, except as a finger in the wind and entertainment. This…
Round up of today’s market news
North American News Major indices erase the week’s declines. Now up on the week Strong gains with major indices closing at session highs The major US indices are closing near…
Flight of cryptocurrencies interrupted
A stronger dollar and reduced risk traction in stock markets interrupted BTC’s flight. Bitcoin collapsed 5.6%, retreating again below the $30K mark. Ethereum lost 6.1%, while leading altcoins in the…
The case for copper
Goldman Sachs metals analyst Nick Snowden: “prices are gonna go absolutely ballistic to the upside.” Copper is set to finish this month lower but is still consolidating near the top…
Round up of today’s market news
North American News US major indices close lower for the 2nd consecutive day After run up last week, stocks are on pace for declines this week The major US stock…
The Crypto market pushes back from the bottom or not?
The emerging rebound from the bottom may be self-sustaining or not Bitcoin jumped 7% on Monday, ending the day at around $31.2K. On Tuesday morning, positive momentum persisted, with the…