Charts Showing U.S. Stock Market Breadth Improvement
Bespoke: S&P 500’s August Rebound Backed by Strong Breadth Across Multiple Measures More U.S. stocks are joining the recent stock market rally, as the S&P 500 continues to build on its August rebound, according to Bespoke Investment Group. “Since the sharp drop that led to the August 5 low, a key feature of the stock […]
Overvalued Market: A Risky Reality in 2024
The U.S. stock market today is nearing the extreme overvaluation levels seen at the peak on January 3, 2022. When it rebounds from a correction and approaches a new all-time high, it’s crucial to compare current valuations with previous peaks. Investors often hope that such downturns have corrected prior excesses, setting the stage for a […]
Powell: Fed Now Prioritizes Unemployment Over Inflation
Federal Reserve Chairman Jerome Powell has pledged to take all necessary steps to maintain a robust labor market, signaling the central bank’s commitment to preventing a rise in unemployment that could tip the U.S. economy into a recession. “We do not seek or welcome further cooling in labor-market conditions,” Powell stated emphatically during a speech […]
Nvidia Earnings to Decide Big Tech’s Next Move
You might assume that the final week of August would be the quietest of the summer on Wall Street, with traders heading to the beach for some last-minute relaxation before Labor Day. However, there’s a major market event on the horizon that investors won’t want to overlook: Nvidia’s earnings report. One money manager even suggested […]
Sonic Trading System Intro
Today, I’m excited to introduce something that’s been in the works for quite some time—the Sonic Trading System. This innovative hybrid trading system is designed to simplify your trading experience by providing clear signals, precise targets, and calculated stops. In this post, I’ll walk you through the key features of this system and demonstrate how […]
Hedge Funds Hold Back in Rebound Rally, Goldman Reports
Hedge funds have largely held back from participating in the recent market rebound following the unwinding of the yen carry trade over the past two weeks, according to new analysis from Goldman Sachs’ prime brokerage division. Despite a significant rally that saw the Nasdaq 100 rise by 11% and the S&P 500 gain 8% since […]
