Investors experienced an emotional roller coaster in August, with a historic volatility surge shaking up the market. While some investors took advantage of a brief buying opportunity, the S & P 500 is now nearing its all-time high. As we enter September, a traditionally bearish month, I anticipate a slowdown in the market. The SPDR
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John Bollinger, a well-known trading expert and the inventor of the Bollinger Bands, has recently gained recognition for his Bitcoin price prediction made over two months ago. His technical indicator, the Bollinger Bands, has been widely used by traders to analyze market trends and predict future price movements. Despite Bollinger’s bullish prediction back in June,
The municipal bond market has remained relatively stable, with municipal bonds seeing little change while U.S. Treasury yields have experienced an increase and equities have ended on a mixed note. Despite this stability, municipal bond mutual funds have seen inflows, with investors adding a significant amount of $1.047 billion to funds, following $512.9 million in
The footwear industry has long been dominated by powerhouses like Nike, but recent trends suggest a shift in consumer preferences. According to Stifel Financial, young consumers are increasingly gravitating towards brands like New Balance and Adidas, posing a potential threat to Nike’s market share. While Nike continues to hold the top spot with its popular
Best Buy has raised its fiscal-year profit guidance after outperforming expectations for the most recent quarter. The retailer now expects adjusted earnings per share to be in the range of $6.10 to $6.35, which is an increase from the previous range of $5.75 to $6.20. This positive outlook reflects the company’s confidence in its performance
Nvidia (NVDA) has undeniably been a key player in the AI-driven market rally over the past 18 months, mainly owing to its dominant position in GPUs that are essential for AI computation. As the market now grows more sensitive to the significant capital expenditures required to sustain this growth, investors are eagerly seeking more clarity
The municipal bond market saw mixed results on Tuesday as U.S. Treasury yields increased, while equities experienced a slight uptick towards the end of the trading day. This dynamic caused a variation in the muni-to-Treasury ratio across different maturities, with the two-year ratio at 63%, three-year at 66%, five-year at 66%, 10-year at 70%, and
Recent Canadian trade tariffs on China have sparked fears of a trade war, leading to a weakening of most Asian currencies. Geopolitical tensions in the Middle East, Libya, and Ukraine have further fueled safe haven demand for the greenback. The Japanese yen, which typically benefits from such market conditions, saw its rally hampered by soft
The current market sentiment, as discussed by Callie Cox of Ritholtz Wealth Management, indicates that the Federal Reserve’s recent interest rate cuts are more of a celebratory nature rather than a sign of desperation. This implies that the Fed is taking pre-emptive measures to ensure the stability of the economy, rather than reacting to an
The recent arrest of Pavel Durov, the entrepreneur behind Telegram, has sent shockwaves through the cryptocurrency community. Durov was arrested on Saturday night at Le Bourget airport on various charges, including terrorism, drugs, complicity, fraud, and money laundering. If convicted, he could face up to 20 years in prison. The news of his arrest has