When the wreck is recovered, witnesses will wonder why they took such heedless, foolish risks.
Last week, the stock of Pinterest (which is basically Socialtrade for everything except stock charts) exploded higher as it was widely understood that Paypal would be buying them at $71 per share. It was a very specific, and apparently plausible, r…
While before the coronavirus pandemic, goods shipped between China and the U.S. via container ship took just over 40 days, hold-ups and delays have extended that time to upwards of 70 days in July, August and September of 2021. The delays are much long…
The Progressive Caucus within the Democratic Party, now taking up almost half of Democratic seats in the House, has been consistently pushing for President Joe Biden’s trillion-dollar social infrastructure bill to get passed, while two conservative Sen…
You would think that I could come up with a more clickbaity headline than that, but alas, it is what it is. The S&P fucutures have been hovering just above the 4535-45 support band on the chart all night.
Where do I think they go from h…
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
Technical Trader subscribers click here to download the complete report. This Friday’s screens had 15 buys and 40 sells. That compares with 24 buys and…
It’s the biggest of the big. TABLE
The S&P 500 and Dow Jones Industrial stock averages made new all time highs last week as bonds sold off, the 10 year Treasury note yield briefly breaking above 1.7% before a pretty good sized rally Friday brought the yield back to 1.65%. And thus we’re right back where we were at the end of […]
Is the stock market getting ready to blast off again? There are hints on the charts that say the answer to that question looks like yes.