Buying pressure on the Dow Jones Industrial Average has reached historic levels across multiple time frames, according to SentimenTrader. In a recent note, Jason Goepfert, senior research analyst, pointed out that the Dow has risen in 152 of the past 250 trading days—an impressive win rate of nearly 61%. The...
Analysts are confident that Nvidia’s new Blackwell chip lineup is positioning the company for a strong financial performance next year. While Nvidia’s most recent earnings report didn’t exceed forecasts as significantly as in prior quarters, many on Wall Street believe the company is set to outperform moving forward. Cantor Fitzgerald...
DataTrek’s Nicholas Colas points out that the financial sector is “much more than just banks,” as investors await JPMorgan’s third-quarter earnings report, expected Friday. Last week, all three major U.S. stock indexes posted gains for the fourth straight week, driven by a stronger-than-expected jobs report. The financial sector of the...
U.S. Equities Could Reclaim Market Leadership, Analyst Predicts As inflation cools and the nonfarm payroll report regains its prominence, some normalcy has returned for traders. However, the U.S. stock market has experienced unusual underperformance lately. Hubert de Barochez, senior markets economist at Capital Economics, notes that since mid-June, the MSCI...
Stock market often experience a downturn in the three months following a presidential inauguration. No matter who wins the U.S. presidential election, the stock market tends to face challenges after Inauguration Day in January. Since the creation of the Dow Jones Industrial Average (DJIA) in 1896, one of its weakest...
The strike has raised concerns about supply chain disruptions and price increases for goods. Jose Torres, a senior economist at Interactive Brokers, highlighted that the uncertainty around the strike, along with strong warnings from union leaders, has further unsettled market. Port Strike Adds to Softer Start for October While Iran’s...
