ChartWatchers June 30, 2023 at 05:12 PM
The first half of 2023 is ending on a positive note—inflation was cooler than expected. But a few days ago, the market wasn't so optimistic. In an economic forum, Fed Chairman Jerome Powell suggested that two more interest rate hikes are likely this year... Read More
ChartWatchers June 28, 2023 at 05:23 PM
Bitcoin has been on a strong but volatile uptrend over the last seven months since hitting multi-year lows in November... Read More
ChartWatchers June 21, 2023 at 07:08 PM
The May Housing Starts and Permits released this past Tuesday was quite eye-popping, despite riding the back of a disappointing market drop in the Dow, S&P, and Nasdaq. How so? If you think about it, mortgage rates are averaging a painful 7%+... Read More
ChartWatchers June 15, 2023 at 06:30 PM
Maybe you were expecting the dollar to fall a bit more dramatically (and for gold to rise) when, after the FOMC meeting yesterday, the Federal Reserve announced that it was holding interest rates steady for the first time after 10 consecutive hikes... Read More
ChartWatchers June 14, 2023 at 07:03 PM
With CPI data coming in as expected and a cooler PPI, it's clear that inflation is heading in the right direction, with the exception of a few areas such as housing. Overall, the data seal an interest rate pause from the Federal Reserve... Read More
ChartWatchers June 14, 2023 at 01:46 PM
Artificial intelligence (AI) stocks have become popular, almost fashionable... Read More
ChartWatchers June 09, 2023 at 04:22 PM
What a week the market had! At the start, things looked positive for the S&P 500 index ($SPX). The index finally broke above the 4200 level, the debt ceiling issue was resolved, and the probability of a Fed interest rate pause was relatively high... Read More
ChartWatchers June 09, 2023 at 03:01 PM
Note: For the sake of brevity, this article will take a bullish and long-only approach. If you're interested in going short, you can apply this information, but in reverse... Read More
ChartWatchers June 02, 2023 at 05:07 PM
It's no surprise that the Technology sector was the most talked-about sector of the past several weeks. AI FOMO was everywhere on Wall Street as Nvidia (NVDA) and other AI stocks pulled ahead of their non-AI counterparts... Read More
