Property foreclosure filings have been increasing recently
This is the result of high interest rates resulting in rising mortgage defaults. Source: Game of Trades
Walmart looking for support after earnings
Walmart (WMT US) is down strongly after earnings. Keep an eye at latest swing low support 155. Source : Bloomberg
Siemens breakout on earnings
Siemens (SIE GY) broke out this morning October last swing high at 139.34. It also broke recently the June downtrend after a 28% consolidation. Source : Bloomberg
Apple cash warchest put into perspective
by Linas Beliūnas
President Joe Biden and China’s President Xi Jinping have their first in-person meeting in about a year
This is the first time since 2017 that Xi has stepped foot on American soil. Although the US-China relationship is breaking, experts and U.S. officials caution not to expect markedly improved relations post-meeting. Mrs Yellen might be rather in favor of some kind of cooperation... Source image: Michel A.Arouet
Stoxx 600 Index unable to break resistance
Stoxx 600 Index (SXXP) wasn't able to break 457 resistance. Trend remains in a downtrend for the moment. Keep an eye at that level. Source : Bloomberg
In case you missed it: Tuesday's rally was not driven solely by the Magnificent 7
Russell 2000 index of small-cap stocks soared a staggering 5.4%, as investors bet the Fed is done raising rates and could be cutting interest rates much sooner than expected. Source: HolgerZ, Bloomberg
"Mag 7" darling Nvidia $NVDA finished the day with its highest closing price in history
And the stock has now traded green for 10 consecutive trading days, its longest winning streak since December 2016. Source: Barchart
