A Note From Publisher Stephen Prior: The markets and our Monument Traders Alliance offices will be closed Monday, May 25, for Memorial Day. So, we won’t be publishing our Trade of the Day letter. We hope you enjoy the long weekend, and you can expect to receive your next issue on Tuesday, May 26. Jet…
Rather than signaling a search for a strong breakout in the second half of May, Bitcoin appears to be in a consolidation phase, gauging market sentiment. The fact that the attempt to break above $82,000 was met with selling does not mean buyers have completely pulled back; however, it is clear that risk appetite on…
The most powerful AI chips in the world share one manufacturer. Nvidia, Apple, and AMD all design their chips in-house but ship the blueprints to the same place to be manufactured. Taiwan Semiconductor Manufacturing Company (TSM), is where every major AI chip moves from blueprint to finished product. No other company builds at this scale…
It’s the final road-trip getaway holiday of the summer, but Labor Day drivers will face pump prices that set records. AAA reports that August saw national average gas prices above $4 per gallon for every day of the month. That hasn’t happened since August of 2022. Gasbuddy predicts the average price of gas will be…
Higher gas prices are about to make summer getaways a little more expensive this year. We’re ignoring the typical tips that rarely make a difference (“declutter your trunk,” really?) and giving you price discounts that really add up, from saving a dime a gallon or more on gas to over 50 cents a gallon on…
Higher gas prices are about to make summer getaways a little more expensive this year. We’re ignoring the typical tips that rarely make a difference (“declutter your trunk,” really?) and giving you price discounts that really add up, from saving a dime a gallon or more on gas to over 50 cents a gallon on…
There’s a chart I keep coming back to… Not the price of the Dow… Not new highs of the S&P 500 and Nasdaq… This one: And once you understand what it’s telling you, you won’t be able to ignore it either. It’s called the $SPXA50R. It shows the percentage of S&P 500 stocks trading above…
The Trump administration is expanding the government’s burgeoning investment portfolio, announcing this past week that it will award grants to nine quantum computing companies, including a new IBM (IBM) venture, in exchange for equity stakes. With the investment, quantum technology — a sector garnering intense investor interest despite questions about its near-term commercial viability —…
In its Initial Public Offering (IPO) filing, Elon Musk’s aerospace company SpaceX (OTC:SPCX) has revealed its (BTC) exposure. The filing shows that SpaceX holds 18,712 BTC in its reserve, much more than many expected. At the current price, SpaceX holds Bitcoin worth $1.45 billion, which would make it the seventh-largest BTC holder among public companies….
Two years ago, Marvell (MRVL) had no custom silicon business. Today it’s a $1.5 billion revenue line and growing. Amazon’s Trainium chip and Microsoft’s Maia accelerator both run on Marvell silicon. Google is a customer too, and Marvell works directly with Nvidia on bandwidth and connectivity for AI data centers. Its management expects the custom…
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