Oil prices fell sharply on Wednesday morning as traders looked for momentum in US-Iran negotiations, with hopes spurred by reports from Iranian state media that such a deal would reopen the Strait of Hormuz. Futures on Brent crude (BZ=F), the international benchmark, fell 4.2% to trade below $93 per barrel, while those on US benchmark…
The pricing of a Honeywell (NASDAQ: HON) carve-out juiced the stock of the storied industrial company on Tuesday. After the company provided crucial financial details for the soon-to-be independent Quantinuum that morning, investors signaled their approval by collectively trading the stock up by 1.7%. That was good enough to beat the S&P 500 index’s 0.6%…
This week’s Barron’s cover story highlighted a point that Karim and I made during a recent Monument Trend Advisory livestream… The takeaway is this: “Think twice before chasing the SpaceX IPO.” Let me walk you through some important statistics to know going into this latest round of mega-IPOs. It’s important to have a clear game…
Bitcoin (BTC) is under pressure again, with institutional demand in BTC weakening. Swissblock has reported that BTC is now entering a high-risk zone as ETF outflows are growing. On the backdrop of this, the BTC price has dropped to $76k after the U.S.’s latest attack on Iran. Several market indicators are flashing caution signs as…
Oil prices whipsawed after reports of a possible U.S.-Iran framework deal briefly sent Brent plunging, only for fresh U.S. strikes on Iran to push crude back toward $100. Probable Super Niño Adds Insult to Injury for LNG Buyers – The arrival of a powerful El Niño this year, potentially even a ‘Super Niño’ with sea…
Nvidia (NASDAQ: NVDA) is coming off yet another strong quarter, with incredible growth on both the top and bottom lines. Demand for its artificial intelligence (AI) chips remains high, leading to an acceleration of its growth rate. It generated 85% revenue growth in the first quarter of Fiscal 2027 (which ended on April 26), which…
Tracking the S&P 500 has historically been a good move for investors. The index is a collection of the top stocks on U.S. markets and has averaged an annual return of around 10%. But that’s an average that spans decades. There have been some troubling periods along the way, when the index hasn’t performed well…
Smaller Bitcoin treasury companies kept buying into last week’s pullback even as Strategy (NASDAQ: $MSTR) paused the weekly accumulation cycle that has become one of the market’s regular public-company signals. The group added 602.6 BTC, worth about $46 million, after Bitcoin traded below $80,000, according to Cointelegraph. The purchases were spread across several smaller listed…
BP has removed Chair Albert Manifold with immediate effect after the board cited serious concerns over governance standards, oversight, and conduct, appointing Ian Tyler as interim chair while it begins a search for a permanent replacement. BP said its board unanimously decided that Manifold should no longer serve as chair or director after concerns were…
The S&P 500 Index ($SPX) (SPY) today is up +0.81%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.10%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.74%. June E-mini S&P futures (ESM26) are up +0.77%, and June E-mini Nasdaq futures (NQM26) are up +1.71%. Stock indexes are mostly rallying today, with the S&P 500 and Nasdaq…
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