Summary The stock market ended June in recovery mode — and while the month showed mixed returns from a plethora of indices, it was an absolute slam-dunk of a quarter. The second quarter certainly benefited from some prescient timing, as the market bottomed on the second to last day of March following a four-week slide…
Summary Holding Pattern: Our Monthly Survey of the Economy, Interest Rates, and Stocks Stocks ended the month of June doing something they have not done much of lately, and that is doing not much. The S&P 500 reached its all-time closing high of 7,610 on the second day of June, following an outstanding series of…
This article was originally published on ETFTrends.com. At VettaFi, we’ve been talking a lot about bottlenecks as a concept. Some of the brightest equity market opportunities for capital growth are tied to bottlenecks in a supply chain-context. The AI theme is a prime example. For instance, look at the recent record-breaking results for Micron Technology…
By Supantha Mukherjee STOCKHOLM, July 1 (Reuters) – A Swedish court on Wednesday ordered Alphabet’s Google to pay about $1.5 billion in damages to PriceRunner, the price comparison business owned by payments platform Klarna, for favouring its own shopping service in search results. The award, equivalent to around 14.3 billion Swedish crowns, comes amid growing…
If you’re looking to supercharge your savings, a high-yield savings account can provide a competitive interest rate to help your balance grow faster. However, not all banks offer high savings account rates, which is why it’s important to shop around and find the most competitive savings interest rates available. Read on to learn more about…
Market Overview The crypto market is trading at $2.06T, unchanged from the previous day. Still, the current levels represent a recovery from a low of $2.02T, where the cap had fallen at the start of the active US trading session and again at the opening of the Asian session. Cryptocurrencies remain under pressure from fears…
In BlackRock crypto news, its iShares Bitcoin Trust (NASDAQ:) product recorded over $231M in client outflows on Monday, according to data from Farside Investors, as cumulative net outflows across US spot ETFs reached approximately $4.3Bn for June. This monthly total marks one of the deepest sustained redemption cycles since the product category launched in January…
After a few weeks of accumulation, price has printed the 3 monthly candle. We’re now aligned with the trend — and with fresh strength shown up into the new month, the draw on liquidity looks very clear from here for this week. Zooming out, the bigger picture still has room for a larger retrace as…
Before anything else, please note that this is a BUY/LONG setup, not a SELL/SHORT setup. A double combination correction appears to be nearing completion. The second corrective structure looks like a contracting triangle, which is expected to complete soon. We are looking for BUY/LONG entries within the highlighted entry zone. Try to build your position…
XAUUSD – Gold Is Testing A Critical Fibonacci Reaction Zone Gold is sitting at a very interesting point on the H1 chart. After failing to hold above the previous accumulation zone, price has continued to move lower inside the descending channel. Gold is now trading around 3,974, right near the Fibonacci reaction area. This is…
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