The bullish environment continues for global equities, led higher by the US stock market, especially AI technology, which saw the S&P 500 Index trade at a new all-time high late yesterday.
The US Dollar Index is having a change of heart and is making its way back towards levels seen last week before US President Donald Trump’s inauguration.
Following the stock market chugging higher over the last three trading sessions, with the S&P 500 setting a new intra-day high yesterday, equity futures point to a mixed market open.
Gold has the immense advantage of being perfectly liquid, unlike unlisted assets, which are very rigid and difficult to sell, and whose value can plummet in the event of too many sales or a liquidity crisis.
The GBP/USD exchange rate wavered as the focus shifted from this week’s swearing in of Donald Trump to next week’s policy statements by the Bank of England and the Federal Reserve.
Despite the heavy one-way positioning of the dollar, investors lack clarity on the timing of Trump’s tariff threats, preventing them from reducing dollar holdings.
While it’s true that half of the cumulative employment growth in 2024 has been accounted for by government jobs, but that just reflects the aforementioned catching up phenomenon.
Carlyle Secured Lending Inc (CGBD) operating in the capital markets industry, is a specialty finance company. Share price increased about 17.7% in the past year from $15.57 to $18.32, as of Wednesday’s market close.
Price is in a Wave II structure which has a Corrective (A-B-C) structure. Keep a close watch on the movement in the 5.3691 support zone to confirm that price is entering the end zone of Wave II.
Everyone’s waiting to buy pullbacks after today’s massive run higher. And this 21ema *trick* will make it easy to pick the perfect pullback tomorrow morning!
Bonds may seem relatively better positioned from a valuation and income vantage point, but their diversification potential is also interesting to examine.
Total earnings for the 62 S&P 500 companies that have reported results are up +19.6% from the same period last year on +8.4% higher revenues, with 82.3% beating EPS estimates and 69.4% beating revenue estimates.
We saw another positive day in the stock market this Hump Day — not as promising as when the opening bell sounded, perhaps, but substantial nevertheless.
Gold price advances over 0.39% late in the North American session, with the precious metal climbing decisively above the psychological $2,650 figure with buyers setting their sights at the record high of $2,790.
Lots of stocks can look cheap, especially after a sell-off. They may even have a low price-to-earnings (P/E) ratio. But that doesn’t mean the stock is a “value”.
What is going on is not a long term good thing for crypto or stock market confidence. It's a move that turns a secure confidence-based system into the wild west.
Japan’s SoftBank announced a $100 billion investment, with OpenAI taking operational responsibility and other tech giants throwing in for the AI infrastructure plan.
When you consider some of the various forces underneath that foundation, and that now are compounding, there are some things happening in the metals that are not going to be reversed.
London's FTSE 100 made waves on Wednesday by hitting a record high, fuelled by positive corporate updates and expectations of further monetary policy support.
A 25bp interest rate cut from the Bank of Canada, leaving the overnight rate at 3%, is the widely held view in the market for next week’s BoC monetary policy decision meeting.
