Category: Market Highlight
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The Power of Celebrity Stock Investments: Following in Nancy Pelosi’s Footsteps
In the world of finance, celebrities often grab headlines for their investments. Nancy Pelosi, the iconic U.S. politician, has recently made waves with her stock market ventures. But what drives these high-profile figures to invest in stocks, and should we, as regular individuals, take a page from their book? In this article, we explore the…
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August 2023 CPI Data Release: Inflation Remains High
The Consumer Price Index (CPI) for August 2023 was released today by the U.S. Bureau of Labor Statistics. The CPI measures the change in prices paid by consumers for a basket of goods and services. The CPI rose 0.2% in August, after rising 0.3% in July. The 12-month change in the CPI was 5.4%, down…
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The September Effect: Why Do Stock Markets Often Fall in September?
The September Effect is a phenomenon in which stock markets tend to perform poorly in the month of September. This has been observed in many different markets around the world, including the United States, Europe, and Asia. There is no single explanation for the September Effect, but there are a number of theories. One…
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Forex Market Moves Today | US dollar weakens 📉
The Forex market is trading mixed in early trading on Thursday, August 31, 2023. The US dollar is slightly weaker against most major currencies, while the euro is slightly stronger. The euro is benefiting from positive economic data out of Europe. German inflation data came in higher than expected, while French industrial production data also…
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Short Covering: Hedge Funds Net Bought Chinese Stocks for the First Time in 7 Weeks
Hedge funds net bought Chinese stocks for the first time in 7 weeks, according to data from Goldman Sachs. The buying was driven by a number of factors, including hopes that the Chinese government will take steps to support the economy.
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US Housing: Home Prices in the US Hit a Record High in May
Home prices in the United States hit a record high in May, according to data released by Black Knight on July 7. The report showed that the median home price rose to $414,000 in May, up from $398,000 in April. This was the highest median home price ever recorded.
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Rebalancing Act: Shares of Big Tech Sold Off Monday Ahead of the Upcoming Nasdaq 100 Rebalancing
Shares of Big Tech sold off Monday ahead of the upcoming Nasdaq 100 rebalancing. The rebalancing, which will take place on July 18, will see Apple, Microsoft, and Amazon removed from the index and replaced by Tesla, Alphabet, and Meta.
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Consumer Credit: Slowest Growth in May Since November 2020
Consumer borrowing in the United States experienced its slowest growth in May since November 2020, according to data released by the Federal Reserve on July 7. The report showed that total consumer credit rose by $31.5 billion in May, down from $38.1 billion in April. This was the lowest monthly increase since November 2020, when…
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FX market volatile, US Dollar Strengthens, Euro Under Pressure | June Market update
The euro was under pressure in the past week, as the European Central Bank (ECB) has been slow to raise interest rates. The ECB is facing a difficult balancing act, as it needs to raise rates to combat inflation, but it also needs to avoid raising rates too quickly and tipping the eurozone economy into…
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Bitcoin Reclaims Over 50% Market Dominance Following BlackRock ETF Filing
Bitcoin (BTC) reclaimed over 50% market dominance in the past week, following the filing of a Bitcoin spot ETF by BlackRock, one of the world’s largest asset managers.