US earnings: things get fun starting this week
Source: The Transcript, Brad Freeman / StockMarketNerd
US presidential election update:
DeSantis drops out of Republican race
When the P/E ratio works, visually
Source: Brian Feroldi
Suez Canal Transit Volume continues to plunge (Chart via SRP)
Source: HolgerZ
A tale of 2 markets: The sp500 closed at an all-time high. But the Russell 2000 is still in a bear market, down more than 20% from its high
That's never happened before. Source: Bloomberg, Jason Goepfert
This is true today more than ever.
Never forget: 🚨🚨🚨 Source: Wall Street Silver
📊 Fed Watch: Insights from Key Fed Members!
This week, several prominent Federal Reserve members shared their perspectives on monetary policy. These insights reflect a general sentiment among Fed speakers that challenges the current market expectations of numerous rate cuts in 2024. They emphasize the importance of data and a measured approach in shaping monetary policy decisions. Here's a snapshot of their views, along with a special focus on the dovish/hawkish scale by Fed members: 🔹 Austan Goolsbee (President, Chicago Fed) highlighted the need for a data-driven approach, suggesting that a continued decline in inflation would merit discussion of cutting interest rates. However, he stressed the importance of evaluating the data meeting by meeting. 🔹 Raphael Bostic (President, Atlanta Fed) urged caution on interest-rate cuts, emphasizing the need to navigate unpredictable events. He believes it would be unwise to rush into rate cuts and wants more evidence of inflation reaching the 2% target. 🔹 Patrick Harker (President, Philadelphia Fed) highlighted the importance of "soft data" from district sources, providing valuable insights for policymakers in setting monetary policy. 🔹 Christopher Waller (Fed Governor) advocated a cautious and systematic approach to rate cuts, emphasizing that the FOMC should move carefully based on data. Check out the dovish/hawkish scale by Fed members for a deeper understanding of their stances. Source: Bloomberg #FederalReserve #MonetaryPolicy #EconomicOutlook
Bitcoin (XBTUSD) Keep an eye at support
Bitcoin (XBTUSD) remains in a bull trend since mars 2023 but be carreful at this pullback as it's testing latest swing support 40'968.50 . This level needs to hold for the trend to remain valid. Source : Bloomberg
