Articles by Jim Edwards
We will get a new estimate of Q3 U.S. GDP growth today. The consensus among analysts is for a rise of 3.2% year-on-year. Thats pretty decent growth. No wonder then, that the S&P 500 ticked up anoοΏ½...
The price of gold rose to $4,462.10 per troy ounce on the Comex futures market today, setting a new record high for the precious metal. Gold has now risen 69% year-to-date, far outpacing the S&P οΏ½...
S&P 500 futures were up a solid 0.35% this morning before the opening bell in New York, after the index added 0.88% in its Friday session. The Christmas week isobviouslyoften a quiet one with thiοΏ½...
Bank of Americas Bull & Bear Indicator rose from 7.9 to 8.5 in the last few days, triggering its contrarian sell signal for risk assets, according to a note from analyst Michael Hartnett and his οΏ½...
Normally its terrible for stock traders when giant tech companies shares fall dramatically. Everyone knows that the S&P 500 is dominated by tech stocksthe Magnificent Seven in particularand theirοΏ½...
S&P 500 futures ticked downward 0.22% this morning, an indicator that some traders decided overnight to lock in their gains from yesterdays close, when the index reached a new all-time high of 6,οΏ½...
U.S. Federal Reserve Chairman Jerome Powell on Wednesday confirmed that a K-shaped economy appeared to be developing in the U.S. and questioned whether it was sustainable.Β The K-shaped economy concep...
Enjoy your Fed interest rate cut todayit may be the last one for a while. There is a 90% certainty that U.S. Federal Reserve Chairman Jerome Powell will announce a 0.25% cut to the base rate this aftοΏ½...
The chances of the Fed delivering another interest rate cut tomorrow are 90%, according to bets tracked by the CME FedWatch Fed funds futures index. But Wall Street has already priced that in. The S&οΏ½...
The S&P 500 sits at just over 6,870 this morning, a few points below its all-time high of 6,890.89 and futures are flat before the opening bell in New York. Traders are holding their breath untilοΏ½...
