In May, the impasse over the debt ceiling between Democrats and Republicans created a bit of a stalemate in the markets, although the “happy ending” was still a foregone conclusion. The deal to raise the ceiling passed the House and Senate support seems likely. Nonetheless, the major stock…
S&P 500 Analysis
The S&P500 bearish wave joining the August high with the October 2022 low measures 825 points: 4327 to 3502. The 87.50% of the said range is 825 x 0.875 = 722 points. Adding 722 to 3502 (the October low) gives 4224. The high touched last Friday was 4227.At the touch…
2G Certificates Update May 2023
Equities posted mixed returns in April. Positive factors came from the tax season, while headwinds came with the renewed banking turmoil. On the first point, companies averaged positive surprises in EPS compared to analysts’ estimates. Credit goes to the strongest week in which the results of tech giant Caps were…
The World Upside Down
In the past week, positive data on the GDP of some European countries, which had just been released, led European stock exchanges down. Worse-than-expected data s on U.S. GDP, on the other hand, caused American ones to outperform, which, then, ended up dragging Europe upward as well. It continues, however, the…
WTO, China and Us Debt
“By joining the World Trade Organization (WTO), China is not simply agreeing to import more of our products. It is agreeing to import one of the most cherished values of democracy: economic freedom.”The statement is by Bill Clinton, from March 2000.I think, and I have argued it many times, that what…