News / Uncategorized
[Platinum Insights] (5.24.23)
[Platinum Insights] (5.24.23)
August 22, 2023
Good morning.
U.S. stock index futures slipped on Wednesday as yet another round of talks between the White House and Republican representatives over raising the debt ceiling failed to make a breakthrough.
Tuesday’s $35 billion auction of 21-day cash management bills that cover early June required a whopping 6.2% high yield – more than a percentage point above Federal Reserve policy rates. One-month bill yields are hovering just under 5.9%.
Investors also await minutes from the Federal Reserve’s May 2-3 meeting, due later in the day, to assess the central bank’s interest-rate path. Rates futures are not in the 6% range yet by any stretch, but they put a one-in-three chance of another quarter-point Fed rate hike next month and have priced out the likelihood of multiple rate cuts by year-end.
Mortgage applications in the US declined 4.6% in the week ended May 19th, 2023, following a 5.7% drop in the previous week, data from the Mortgage Bankers Association data showed.
In corporate news, the artificial intelligence frenzy will be tested with results from chipmaker NVIDIA, the fifth biggest U.S. stock later today.
WTI crude futures jumped toward $74 per barrel. Gold held below $1,980 an ounce while the yield on the US 10-year Treasury note was around 3.7%.
The three major averages fell during Tuesday. The S&P 500 lost 1.12%, while the Nasdaq Composite and the Dow Jones Industrial Average declined 1.26% and 0.69%, respectively.
Technical analysis can provide signals for trade management, such as trailing stops or taking partial profits, as the market moves in the desired direction. By using technical analysis to define their risk levels, swing traders can establish disciplined risk management strategies and avoid substantial losses if the market reverses. Check out the Platinum Channe ‘s education blog.
Have a great day
Share this article:
More in Uncategorized:
Ultra Clean Holdings (UCTT) July 25, 2024, Earnings Call Summary
Future Price Projections Participants: Rhonda Bennetto – Senior Vice President, Investor Relations Jim Scholhamer – Chief Executive Officer Sheri Savage...
[Platinum Insights] (5.24.23)
July 26, 2024
APPLE, MICROSOFT, NVIDIA PRICE TARGET 🎯
Short term, price targets for the top three S&P 500 holdings
Short term, price targets for the top three S&P 500 holdings The following are my price targets for the very...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
July 25, 2024
Nvidia's Stake in Serve Robotics: A Game-Changer for AI-Powered Delivery?
The tech world was buzzing last week when news broke that AI chip giant Nvidia owns a 10% stake in Serve Robotics, a company specializing in autonomous sidewalk delivery robots. This revelation sent Serve's stock soaring an impressive 233% over two days. But what does this mean for the future of AI-powered delivery, and should investors jump on board?
The tech world was buzzing last week when news broke that AI chip giant Nvidia owns a 10% stake in...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
July 24, 2024
The Commercial Real Estate Crash
Its Ripple Effect on the Banking System and The Stock Market
The commercial real estate market is on the verge of a significant downturn, potentially mirroring the infamous 2008 financial crisis....
[Platinum Insights] (5.24.23)
July 23, 2024
The Democratization of Compute
A Paradigm Shift in Business and Investment Artificial Intelligence (AI) is undeniably transformative, poised to revolutionize the world as we...
![Kerry Grinkmeyer in a suit standing in front of a stock chart with a bull on it](https://bestofusinvestors.com/uploads/2023/07/kerry-300x300.webp)
Kerry Grinkmeyer
July 23, 2024
Are Google and Meta Heading for a Stock Price Slump?
As an investor, it's crucial to keep a keen eye on market trends and potential shifts that could impact major players. Today, I want to discuss two tech giants that have long been darlings of Wall Street: Google and Meta. While they've enjoyed impressive growth and dominance in their respective fields, there are signs that their stock prices might face some headwinds in the near future.
As an investor, it's crucial to keep a keen eye on market trends and potential shifts that could impact major...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
July 23, 2024