Novo Nordisk First Positive Sign in Bear Market
For the first time since June 2024, Novo Nordisk saw a positive close yesterday! While the long-term bearish trend hasn’t reversed yet, we’re seeing positive developments on the daily chart. The weekly chart remains bearish. The end of April rebound from the support zone between 365-380 is encouraging, but we’ll need more price action to confirm these first steps. Source: Bloomberg
Autonomous vehicle is a reality
Self-driving taxi company Waymo is now doing over 700,000 rides per month in California, up from fewer than 100,000 a year ago. Source: Charlie Bilello
Here we go...
Silver blasting by more than 5% for its best day in more than 1 year 📈📈 Source: Barchart
An intentional leak to give markets further hope?
Source: Adam Taggart @menlobear on X
Is it time for silver to shine?
If history is any guide: Gold makes the first move — then silver takes over. With the gold-to-silver ratio near 100, is yesterday's sharp move on Silver (up +5%) just the beginning? Source. Bloomberg, Crescat Capital
The Atlanta Fed was forced to adjust its entire tracker to exclude gold imports which were skewing GDP by 1.5%.
How long until the Atlanta Fed also excludes soaring physical gold EXPORTS TO Switzerland to reduce the surge in Q2 GDP??? Source: zerohedge
U.S. EXTENDS TARIFF PAUSE ON SOME CHINESE GOODS TO AUGUST 31
The U.S. government has extended its pause on some tariffs imposed on Chinese goods until August 31, 2025. This move comes during ongoing trade negotiations between the Donald Trump administration and several key global trading partners. #taco (Trump Always Chicken Out) #trade Source: Vincent Artman @geogvma
Are US soft data starting to feed into hard data?
Source: Haver Analytics, Rosenberg Research
