Futures Flat As Tech Stocks Rise For 7th Consecutive Day
Futures Flat As Tech Stocks Rise For 7th Consecutive Day Futures are flat with gigatech naturally outperforming into today’s retail sales print where the expectations are for beats to resume after last month’s sharp miss. As of 8:00am ET, S&P futures were completely flat, while Nasdaq futures were up for the 7th day in a […]
Second Time: EV Startup Fisker Files For Bankruptcy Due To “Macroeconomic Headwinds”
Second Time: EV Startup Fisker Files For Bankruptcy Due To “Macroeconomic Headwinds” Electric vehicle startup Fisker filed for Chapter 11 bankruptcy in a Delaware federal court on Monday evening, intending to sell its assets. This decision comes after recently halting production of its “Ocean” SUVs. Joining the ranks of Arrival, Lordstown Motors, Proterra, and Electric Last […]
Steve Bannon Predicts Leftists Will Sentence Trump To “Multiple Years In Prison”
Steve Bannon Predicts Leftists Will Sentence Trump To “Multiple Years In Prison” Authored by Steve Watson via Modernity.news, Former Trump advisor Steve Bannon has warned that the left will stop at nothing to prevent Trump from regaining the White House and that they plan to sentence him to “multiple years in prison” next month. Speaking […]
Silver Rally Stalls Amid Speculative Overload: What’s Next?
The big silver rally of 2024 stalled as an overwhelming number of speculators took long positions, creating a consensus trade that the market did not reward. Despite the recent pause, silver is expected to reach $50 eventually. Historical analysis, such as the 2011 rally, shows that sustainable price increases occur without heavy speculative participation. The […]
Forex Reserves Surge to $655.8 Billion, Boosted by Rising Gold and Foreign Assets
India’s forex reserves reached a record high of $655.8 billion on June 7, with a $4.307 billion increase from the previous week. This growth includes a rise in gold reserves to $57 billion and foreign currency assets to $576.3 billion. Special Drawing Rights (SDRs) also increased to $18.2 billion. The reserves, crucial for economic stability, […]
Key Events This Holiday-Shortened Week: Retail Sales, Housing And PMIs
Key Events This Holiday-Shortened Week: Retail Sales, Housing And PMIs In terms of the holiday-shortened week ahead, the main data highlights are US retail sales tomorrow, UK CPI on Wednesday, and Japanese inflation and the global flash PMIs on Friday. For central banks, we have meetings concluding in Australia (tomorrow), UK, Switzerland and Norway (Thursday) […]
Energy Prices Climb Following Strong Week for Oil
Oil prices rose on Monday, following their best week since April, as traders analyzed mixed economic data from China. U.S. crude and Brent oil closed last week nearly 4% higher, with analysts predicting a tightening market in the third quarter due to increased summer fuel demand. RBC’s Helima Croft expects oil inventories to fall by […]
Bull Market Gains Momentum as Latest Inflation Data Surprises
The latest inflation data, showing lower-than-expected consumer and wholesale prices, is fueling the ongoing stock market rally. Julian Emanuel of Evercore ISI raised his year-end S&P 500 target to 6,000, citing the positive inflation trend and early AI market opportunities. Similarly, UBS’s Jonathan Golub sees potential for further gains, given the implications for future interest […]
French Markets Stabilize After Le Pen Says She’ll Work With Macron In Appeal To French Moderates
French Markets Stabilize After Le Pen Says She’ll Work With Macron In Appeal To French Moderates In a bid to shore up political support from the centrists, over the weekend France’s surprise political leader Marine Le Pen – who blew president Macron away in the European Parliament elections – assured that she would work with […]
Gold's Upward Momentum Continues Amid Global Economic Uncertainty
Gold ended a three-week losing streak with a rally on Friday, despite the strong US dollar and political unrest in Europe, which bolstered its appeal as a safe-haven asset. Technical analysis suggests that gold is in a consolidation phase, with strong support at $2300. The Bank of Japan’s bond purchase policy and potential future interest […]