Tuesday, October 05, 2021
Will China's Crackdown Send Bitcoin's Price Tumbling? / Currencies / Bitcoin
By: EWI
July 2: "Bitcoin [is] at or near the end of [an Elliott wave] correction"
In early September, bitcoin hit a price level near $52,000 -- however, since then, the price has trended lower.
Indeed, on September 24 alone, the price of the cryptocurrency fell 5%.
The financial press pinpointed a supposed "cause":
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Tuesday, October 05, 2021
Natural Gas News: Europe Lacks Supply, So It Turns to Asia / Commodities / Natural Gas
By: Paul_Rejczak
What’s happening in the natural gas markets? Prices are surging like crazy. The answer may be complex, but I’m here to provide it.
Market Analysis
Today, we expect the market to be accumulating since the U.S. Energy Information Administration (EIA) on Thursday reported an injection of 88 billion cubic feet (Bcf) of natural gas into storage for the week ending on Sept. 24. This could indeed be explained by warmer temperatures and entering the month of October.
Tuesday, October 05, 2021
Stock Market Correction: One More Spark to Light the Fire? / Stock-Markets / Stock Market 2021
By: P_Radomski_CFA
With earnings season beginning in October, a profound correction of the S&P 500 could add fuel to the fire of the already well-supported U.S. dollar.
While the USD Index was largely flat on Sep. 30, the EUR/USD closed at a new 2021 low. And because the currency pair accounts for nearly 58% of the movement of the USD Index, its performance is material. Moreover, while I’ve been warning for months that the Fed and the ECB are worlds apart, the EUR/USD still hasn’t priced in the magnitude of the divergence.
Tuesday, October 05, 2021
Fractal Design Meshify S2, Best PC Case Review, Build Quality, Airflow etc. / Personal_Finance / Computing
By: HGR
Fractal Design's new Meshify 2 case is not the same as the S2 Meshify! This $140-ish airflow-oriented Meshify 2 featured plenty of space for even the most massive of GPU's, good component arrangement options for 360 mm rads and plenty of hard drives location options, topped off with a tempered glass panel
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Monday, October 04, 2021
Chasing Value with Five More Biotech Stocks for the Long-run / Companies / BioTech
By: Nadeem_Walayat
Five more biotech stocks to add to the strategy of invest and forget for a potential X10 return. a reminder of why I am engaging in this binge on biotech stocks after having been focused on AI stocks for the past 5 years.
1. Biotech stocks are an unloved stocks sector whilst tech stocks over valued, even the ultra safe stocks such as the Top 10, so I am reluctant to add at current valuations hence why I hit the SELL button for the first time in many years and reduced my exposure to AI stocks by about 40%.
2. That biotech is a derivative of AI, we'll most sectors will soon become a derivative of AI because it is the PRIMARY tech megatrend of our age that will continue to broaden its reach to encompass all sectors of the economy.
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Monday, October 04, 2021
Gold’s Century - While stocks dominated headlines, gold quietly performed / Commodities / Gold and Silver 2021
By: Michael_J_Kosares
1. Gold has produced positive returns in 16 of the last 20 years.
2. Gold’s average annual return compounded since 2001 is 10.32%. (2001-2020)
3. Gold has been a portfolio stalwart. A $100,000 investment in gold in January 2001 would be worth about $655,000 today. At gold’s peak in 2020, it would have been worth over $750,000.
4. Gold does not have a political preference. Its ascent has occurred during the terms of four presidents – two Democrats (Bill Clinton and Barack Obama) and two Republicans (George Bush and Donald Trump). Its largest gain – 31.92% in 2007 – came under a Republican (Bush). Its second-largest increase – 29.24% in 2009 – came under a Democrat (Obama).
5. Gold is not swayed by who leads the Federal Reserve. Its ascent has occurred during the terms of four different Fed chairs with four distinctly different styles and approaches to monetary policy – Alan Greenspan, Ben Bernanke, Janet Yellen, and Jerome Powell – and under a variety of economic circumstances and events.
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Monday, October 04, 2021
NASDAQ Stock Market Head-n-Shoulders Warns Of Market Weakness – Critical Topping Pattern / Stock-Markets / Tech Stocks
By: Chris_Vermeulen
The unique technical setup in the NASDAQ over the past 30+ days is warning that the markets have lost momentum and may attempt to break below the $14,700, the Neck Line of the Head-n-Shoulders pattern. This unique price setup crept up over the past 20+ days as the US markets started to move away from upward price momentum as the Chinese and US market dynamics started to shift away from the continued reflation trade expectations. What does this Head-n-Shoulders pattern mean for traders and investors right now?
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Monday, October 04, 2021
US Dollar on plan, attended by the Gold/Silver ratio / Commodities / Gold and Silver 2021
By: Gary_Tanashian
US dollar (DXY) has activated its Inverted H&S, Gold/Silver maintains its uptrend, watch silver going foward…
I do not make predictions because I do not pretend to be a guru.* But NFTRH has been tracking what has been an uptrend in the US dollar for all of 2021, keeping us well aware of the potentials being realized from late summer into the fall. A higher low was made in May and now a higher high, completing an Inverted Head & Shoulders pattern that we’ve been projecting since USD put in the theoretical right side shoulder last spring.
Until recently it was a projection. Now it is active after testing the (dashed) neckline, holding the (blue) 50 day average and busting to a new high for the cycle. Simple, no predictions but a heck of a lot of attention and respect for the process.
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Sunday, October 03, 2021
Aptorum Group - APM - High RIsk Biotech Stocks Buy, Sell, Hold Investing Analysis for the Long-run / Companies / BioTech
By: Nadeem_Walayat
Five more biotech stocks to add to the strategy of invest and forget for a potential X10 return. a reminder of why I am engaging in this binge on biotech stocks after having been focused on AI stocks for the past 5 years.
1. Biotech stocks are an unloved stocks sector whilst tech stocks over valued, even the ultra safe stocks such as the Top 10, so I am reluctant to add at current valuations hence why I hit the SELL button for the first time in many years and reduced my exposure to AI stocks by about 40%.
2. That biotech is a derivative of AI, we'll most sectors will soon become a derivative of AI because it is the PRIMARY tech megatrend of our age that will continue to broaden its reach to encompass all sectors of the economy.
3. That one of my former biotech 12xers got taken over (GW Pharma) that flooded my account with cash early May and so that focused my attention on repopulating my portfolio with 10 more biotech stocks where I expect at least 3 to 10x, with most of the rest expected to survive to varying extent. Though this is the stock market and so there are never any guarantees especially where such smallish cap stocks are concerned.
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Sunday, October 03, 2021
US Close to Hitting the Debt Ceiling: Gold Doesn’t Care / Commodities / Gold and Silver 2021
By: Arkadiusz_Sieron
Another fiscal year, another governmental fight to raise the debt limit. A failure spells a crisis, but gold turns a blind eye and continues its fall.So, America has a new tradition! The government shutdown is coming. A new fiscal year starts tomorrow, and if Congress fails to agree on a budget by the end of today, the government will shut down.
What does it mean for the US economy? According to Treasury Secretary Janet Yellen, the failure to lift the debt ceiling could be a catastrophe:
If the debt ceiling is not raised, there would be a financial crisis, a calamity. It would undermine confidence in the dollar as a reserve currency (…) It would be a wound of enormous proportions (…) It is imperative that Congress swiftly addresses the debt limit. If it does not, America would default for the first time in history. The full faith and credit of the United States would be impaired, and our country would likely face a financial crisis and economic recession.
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Sunday, October 03, 2021
Powell: Inflation Might Not Be Transitory, After All / Economics / Inflation
By: P_Radomski_CFA
At a panel discussion, Fed Chair finally admitted that inflation could be more (!) long-lasting than expected. What does it mean? Hawks. Lots of them.
Capitulation
With Fed Chairman Jerome Powell finally having his ‘come-to-Jesus’ moment on Sep. 29, the central bank chief’s skittish words helped light a fire under the USD Index. For context, I’ve been warning for months that Powell remains materially behind the inflation curve. And with his indecisive speech upending the Fed’s confidence game, the gambit is showing signs of unraveling.
Speaking at an ECB panel discussion on Sep. 29, he said:
“The current inflation spike is really a consequence of supply constraints meeting very strong demand. And that is all associated with the reopening of the economy, which is a process that will have a beginning, middle and an end. It’s very difficult to say how big the effects will be in the meantime or how long they last.”
For context, first it was “base effects,” then it was “transitory” and now “it’s very difficult to say.”
Sunday, October 03, 2021
Original Oculus VR HeadSet Rift Dev Kit v1 Before Facebook Bought Oculus / Personal_Finance / Virtual Reality
By: Anika_Walayat
Here's a blast from the past! The original Oculus VR HeadtRift Dev Kit v1 Before Facebook Bought Oculus in early 2014.
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Friday, October 01, 2021
Microsoft Stock Valuation 2021 vs 2000 Bubble - Buy Sell or Hold Invest Analysis / Companies / Microsoft
By: Nadeem_Walayat
Microsoft's stock price in March 2000 was trading at $120 on a earnings multiple of 56 as the stock was in a race to become the worlds first $1 trillion market cap stock. Set this against today's price of $289 and multiple of 36, coupled with an EC score of 71.
This video is an excerpt form my recent in-depth analysis evaluates the current state of the tech stocks bubble of 2021 in comparison to 2000. AI Stocks Portfolio Buying and Selling Levels, Bubble Valuations 2000 vs 2021
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Friday, October 01, 2021
How to profit off the Acquisition spree in Fintech Stocks / Companies / Fin Tech
By: Stephen_McBride
By Justin Spittler: A buying frenzy is underway on a stock not many investors have heard about…
Even fewer have positioned themselves to cash in on it.
But RiskHedge subscribers have been making a killing off this buying frenzy.
I’m talking about returns of 47% and 35% in a single day.
In a minute, I’ll share the name of the stock that’s delivering these fat returns. And how you should play it to take advantage.
But let’s start by looking at what’s unfolding…
Friday, October 01, 2021
🎃 Halloween 2021 TESCO Shopping Before the Next Big Panic Buying! 🎃 / Personal_Finance / Shopping
By: Anika_Walayat
��Halloween is just around the corner, so this year we were determined to shop early before the shelves empties of stock as happened last year by Mid October due to pandemic panic buying where this year its been panic buying of petrol, so off we went to the local Tesco supermarket to buy halloween stuff to put up during October. Unfortunately it looks like this year we were a little bit too early as the staff had only just putting stuff up the very day we shopped so not much to buy yet.
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Friday, October 01, 2021
The Guide to Building a Design Portfolio Online / Stock-Markets / Investing 2021
By: Sumeet_Manhas
Building a design portfolio is much like the chicken-and-egg scenario: You need one to secure a job, yet without some professional experience to bolster your portfolio, you may struggle to find projects to display. It is not uncommon to feel stuck, regardless of whether you are a graduate, in a school, or in a position where you want to be hired. You can nonetheless find unusual ways to make work that is worth displaying when you break away from a customary attitude about how to create a portfolio. This article includes a few essential tips on how you can start with a portfolio website.
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Thursday, September 30, 2021
BioDelivery Sciences International - BDSI - High RIsk Biotech Stocks Buy, Sell, Hold Investing Analysis for the Long-run / Companies / BioTech
By: Nadeem_Walayat
Five more biotech stocks to add to the strategy of invest and forget for a potential X10 return. a reminder of why I am engaging in this binge on biotech stocks after having been focused on AI stocks for the past 5 years.
1. Biotech stocks are an unloved stocks sector whilst tech stocks over valued, even the ultra safe stocks such as the Top 10, so I am reluctant to add at current valuations hence why I hit the SELL button for the first time in many years and reduced my exposure to AI stocks by about 40%.
2. That biotech is a derivative of AI, we'll most sectors will soon become a derivative of AI because it is the PRIMARY tech megatrend of our age that will continue to broaden its reach to encompass all sectors of the economy.
3. That one of my former biotech 12xers got taken over (GW Pharma) that flooded my account with cash early May and so that focused my attention on repopulating my portfolio with 10 more biotech stocks where I expect at least 3 to 10x, with most of the rest expected to survive to varying extent. Though this is the stock market and so there are never any guarantees especially where such smallish cap stocks are concerned.
Read full article... Read full article...
Thursday, September 30, 2021
America’s Revolving-Door Politics Behind the Fall of US-Sino Ties / Politics / China US Conflict
By: Dan_Steinbock
The US-Sino ties plunged in the Trump era, but the downfall has intensified in the Biden era. Without policy shifts, the tensions, fueled by defense contractors, translate to arms races and elevated nuclear risks in Asia.
In just nine months, Biden’s net ratings have plunged by a stunning 20 percent, which leaves him behind all U.S. postwar presidents except for Trump, many of whose policies his White House has embraced. Today, Biden’s performance divides the nation, just as Trump’s did before him.
True, Biden pledged to end America’s longest war in Afghanistan. That does not spell end to the “forever wars.” It only means shifts of resource allocations to new regions. Last June, Bernie Sanders warned that such policies could "start another Cold War” against China.
The global challenges America faces – climate change, pandemics, nuclear proliferation, massive economic inequality, corruption and authoritarianism – are shared challenges. They cannot be overcome unilaterally, Sanders warned. It is “distressing and dangerous that a fast-growing consensus is emerging in Washington that views the U.S.-Chinese relationship as a zero-sum economic and military struggle.”
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Thursday, September 30, 2021
Dovish to Hawkish Fed: Sounds Bearish for Gold / Commodities / Gold and Silver 2021
By: P_Radomski_CFA
With a more hawkish Fed disposition, non-commercial traders remaining dollar-strong, and the EUR/USD sinking, it doesn’t bode well for the metals.
With U.S. Treasury yields continuing their ascent on Sep. 28, the mini taper tantrum pushed the NASDAQ 100 over a cliff. And with the USD Index loving the surge in volatility, the greenback further cemented its breakout above the neckline of its inverse (bullish) head & shoulders pattern. And looking ahead, the momentum should continue. Case in point: Fed Chairman Jerome Powell testified before the U.S. Senate Banking Committee on Sep. 28. In his prepared remarks, he said:
“Inflation is elevated and will likely remain so in coming months before moderating. As the economy continues to reopen and spending rebounds, we are seeing upward pressure on prices, particularly due to supply bottlenecks in some sectors. These effects have been larger and longer lasting than anticipated, but they will abate, and as they do, inflation is expected to drop back toward our longer-run 2 percent goal.”
Furthermore, while I’ve been warning for months that Powell remains materially behind the inflation curve, his prepared remarks didn’t have a single mention of “base effects” or “transitory.” Instead, the Fed chief’s new favorite buzz word is “moderating.”
Thursday, September 30, 2021
Stock Market Gauntlet to the Fed / Stock-Markets / Financial Markets 2021
By: Monica_Kingsley
S&P 500 was unable to sustain intraday gains, and both VIX and volume show the bears want to move. Arguably, the key market to watch, are the Treasuries – the 10-year yield continues rising, knocking on the 1.50% door again. On the day of Powell‘s testimony, that‘s quite a message to the central bank.
As I wrote yesterday:
(…) Rising yields (the market believes in taper, it appears) across the board, with high yield corporate bonds holding up much better than quality debt instruments – I have seen stronger risk-on constellations really.
Importantly, the huge weekly jump in Treasury yields (the 10-year yield jumped over 20 basis points to 1.47%) failed to lift the dollar, which says a lot given the risk-off entry to the week. Meanwhile, the Fed jawboning continues, and the bigger picture leaves the ambitious Nov tapering suspect.
At the same time, the Fed‘s foot is to a large degree off the gas pedal, and even global liquidity is shrinking. New taxes are kicking in, job market woes are persisting, inflation isn‘t going away any time soon, challenged supply chains are forcing globalization into reverse, workforce is shrinking, GDP growth is decelerating, and no fresh fiscal initiatives are on the horizon – sounds like a recipe for stagflation.
The Fed can adjust (and even reverse) the tapering projections any time it pleases – it has played the job market card already. The dollar failing to gain traction though, is telling. Not even commodities as such are rolling over to the downside – actually, energies (oil, natural gas) have been the star performers (even within the S&P 500 sectors), and agrifoods are well positioned to do great as well. Copper and precious metals are feeling the short-term heat (still, the red metal offered a great entry point earlier today, making the open position profitable from the get-go), but the metals would stop reacting to the bad news while ignoring negative real rates (yes, transitory inflation is another myth the market place believes in) at some point. All roads lead to gold – inflationary and deflationary ones alike.