Holi sweets to taste even sweeter as atta, maida, sooji rates soften 10-14%
Not just prices of wheat, but that of all its byproducts — atta (wheat flour), maida, sooji and rawa (semolina) — fell in the last month by 10-14 per cent, data from officials and trade sources showed. Wheat prices have slumped from their record high of about Rs 3,200 per quintal […]
Why China Is Suddenly Releasing News About Its Gold Purchases: World Gold Chair
We are seeing increasing investments on silver’s side, it continues to grow year after year… The fundamentals are just stronger for silver,” Smallwood asserts. “We saw the U.S. dollar weaponized so a lot of central banks around the world made a big swap toward the gold space,” he continues… Source link
Opinion: The stock market’s rally was a head fake and the smart money now is with the bears
The stock market, as measured by the S&P 500 Index SPX, +0.53%, has fallen below the 4100 level. That is significant because there previously was triple resistance at that level, and when SPX broke out above that level in late January, it seemed as if the next leg of the “new” bull market was underway. […]
Opinion: No ‘soft landing’ is in the cards from Fed rate hikes. Look for recession and a buying opportunity once stock prices decline.
Is the bear market of 2022 over? Are we already in the early innings of the next great bull market? The S&P 500 SPX, -0.16% finished 2022 with a 19% decline (its biggest pullback since 2008). Meanwhile, the Dow Jones Industrial Average DJIA, -0.26% lost 8.8% and the Nasdaq COMP, +0.13% tumbled 33%. It’s been […]
US stocks close higher in volatile trading day. Chipotle earnings disappoint after close
The major US stock indices are closing with gains in what was a volatile up-and-down session especially during and after Fed Powell Q&A session at the Economic Club in Washington. Looking at the closing levels: Dow industrial average rose 265.67 points or +0.78% at 34156.68 S&P rose 52.97 points or 1.29% at 4164.04 Nasdaq index […]
Do Defensive Stocks Offer Consistent Returns?
Defensive stocks frequently provide stable earnings and reliable returns during difficult economic periods. The stock of well-established companies in the consumer goods, utilities, and healthcare industries are typical examples of defensive stocks. These assets are regarded to be more recession-resistant than their cyclical stock cousins. Moreover, defensive stock sectors are generally always in demand since […]
Market Update – February 7 – USD Holds on to Gains, Stocks Flat, Oil Rallies
Trading Leveraged Products is risky RBA raised rates as expected by 25bp & signaled more to come – AUD rallied, USD holds at recent 1-mth highs & Yields remain elevated too. US Stocks closed lower but Asian markets & European FUTS are higher. Google announced “Bard”, Baidu “Ernie Bot” and […]
SNAP Stock: A Buy or Sell? | Don’t Ignore This Chart!
SNAP’s got a new game plan up its sleeve and, depending on how well it fits, it may make or break the stock.After flat or disappointing earnings reports for most of 2022, mainly due to weak social media ad revenues, SNAP stock has suffered. The stock’s price has been in the single-digits territory for the […]
Price Reversals from Recent Highs in Stocks | Mish’s Market Minute
What if the trading range top at 4200 we have been calling for in the S&P 500 turns out to be… the top?Certainly, we can make a case for it given higher yields, strong dollar, geopolitical stress, debt issues, government spending, and no real proof we have beaten the battle of inflation.We at MarketGauge love […]
DP Trading Room: Trusting the Technicals | DecisionPoint
On this week’s edition of The DecisionPoint Trading Room, Carl looks at the Big 10 capitalized stocks and determines whether a bull market right now will have legs. Do we use common sense or technicals regarding a new bull market? Carl and Erin discuss. Both of them deep dive into the Technology (XLK) sector and […]