Image Source: Unsplash The Dow Jones is still battling to reclaim the 41,000 level. US PPI inflation kept the door open for a Fed rate cut next week. US Initial Jobless Claims also ticked up, but not enough to deter a rate trim. The Dow Jones Industrial Average (DJIA) stuck close to familiar midrange territory on Thursday, holding close to the 41,000 handle but struggling to decisely reclaim the key technical figure. US Producer Price Index (PPI) business-level inflation rose slightly faster than expected on a monthly basis, while the annualized figure held steady, alleviating fears of rate-cut-threatening inflation pressures.US PPI rose t...
Image Source: PixabayWarner Bros. Discovery (WBD) and Charter Communications (CHTR) announced a groundbreaking multi-year distribution partnership on Thursday, September 12, 2024, aimed at reimagining the future of video content delivery. The early renewal agreement integrates linear video and streaming services, marking a significant shift in the video distribution landscape as both companies adapt to changing viewer preferences. WBD and Charter Partnership Details and Implications The deal includes the addition of Max (Ad Lite) and Discovery+ to all Spectrum TV Select packages at no extra charge, while extending Spectrum’s carriage o...
Image Source: PixabaySound money advocates are today hailing their hard-fought victory today as New Jersey’s Senate Bill 721 was signed into law – thereby removing sales taxes on purchases of gold, silver, and other precious metals above $1,000 effective January 1, 2025.The long-anticipated bill signing by Gov. Phil Murphy positions New Jersey alongside 44 other states that recognize the importance of exempting constitutional sound money from burdensome taxation.Supported by the Sound Money Defense League, Money Metals Exchange, and in-state activists, Senate Bill 721 enjoyed unanimous support from both sides of the political aisle, incl...
Image Source: Pixabay ECB reduces the deposit facility rate by 25 basis points to 3.50%. Inflation projections for 2024-2026 remain stable, with a slight rise expected later this year. Economic growth forecast for 2024 revised downward to 0.8%, improving gradually by 2026. In a move aimed at bolstering economic activity, the European Central Bank (ECB) Governing Council announced a reduction in the deposit facility rate by 25 basis points, bringing it down to 3.50% effective September 18, 2024.This decision reflects the ECB’s ongoing efforts to influence monetary policy positively and stimulate economic growth within the eurozone.Alongside...
Image Source: Pixabay Overall bearish outlook remains, RSI and MACD indicate short-term mixed momentum. Selling pressure is declining, indicated by decreasing red MACD bars. The 20-day SMA continues to be a strong resistance. In Thursday’s session, the EUR/GBP retreated and stands flat around 0.8440, showcasing a mixed technical outlook. Bears appear to be moderating their short-term bearish pressure, but the overall technical outlook remains bearish.The Relative Strength Index (RSI) is currently at 44, within negative territory, and exhibits a flat slope, signifying a gradual recovery in buying momentum. The Moving Average Convergence...
Image Source: PixabayThe European Central Bank delivered the expected rate cut today and kept the door wide open for further rate cuts. The timing of these rate cuts, however, is still uncertain.The ECB cut the deposit interest rate, which is the new policy rate, by 25bp. Don’t forget that the spread between the deposit rate and the refi rate will be lowered to 15bp next week as a result of the ECB’s review of its operational framework. This means that as of next week, the deposit rate will be at 3.5% and the refi rate at 3.65%. Latest batch of forecasts supported today’s rate cut decision The reasons for today’s rate cut see...
Image Source: UnsplashIt’s a pretty dull day so far. We’re well more than an hour into the session, and all the main equity futures are green, ranging from just 0.13% on the /ES to a full 1% on the /RTY. I am maintaining a high cash level of over 40%. I did, however, purchase some January $190 puts on AMZN, with the dashed red line as my stop:More By This Author:Beautiful Gap FillAckman Was RightTriple-Leveraged Victory Lap...
Image Source: UnsplashIn this video, Chuck Carnevale, Co-Founder of FAST Graphs, a.k.a. Mr. Valuation and Professor Nathan Mauck, Phd. are going to talk about how to approach growth stock investing. As Mr. Valuation, Chuck is a proponent of growth at a reasonable price, often referred to as GARP investing, and Professor Mauck is going to provide some insights into what that actually means.Professor Mauck is going to talk about his views on growth investing. It can be unbelievably powerful and generate amazing returns, but as always, it comes with its own set of risks.Video Length: 00:21:41Video Chapters 0:00 – Introduction by Chuck Carneva...
Image Source: PexelsHow you read the August Consumer Price Index (CPI) report is a matter of perspective. There is some good news in there for the optimist. There’s some bad news in there for the pessimist. And there’s a lot of “uh-oh” for the realist. The CPI report was certainly good enough to keep the Federal Reserve on track for a rate cut this month. But there was just enough bad news buried in the report to crush hopes for a bigger 50 basis point cut. The CPI Data On an annual basis, the CPI fell to 2.5 percent, according to BLS data. That was a big decrease from 2.9 percent in July and the lowest annual CP...
Image Source: PexelsLet us take a minute to review. After the Harris-Trump debate on Tuesday night, the odds of a Harris victory probably increased. But that has no effect on the underlying financial situation. Neither candidate has any intention of squaring off against the big-spending, parasite elites. Neither will balance the budget. Neither will challenge the warmongers. Neither will suggest to the Fed that it leave interest rates alone, rather than encourage more borrowing with a lower Fed Funds rate. The idea of avoiding bankruptcy or preventing WWIII never even came up in the Great Debate. So, we are in ‘Maximum Safety Mode’ ...