It’s going to be a nailbiter for the next few day. The situation for stocks seems to be getting worse by the day as the Federal Reserve and the FDIC scramble to “reassure” depositors that their money is safe, despite a growing list of banks joining the ranks of the insolvent and the potentially insolvent.The […]
The previous week remain a technically damaging one as the NIFTY violated a few important supports while closing on a negative note. The volatility too increased; this was though on the expected lines. The past five days also saw the global markets dealing with the collapse of SVB; the negative sentiment was seen across the […]
It was another wild week for the markets, as turmoil amid the Banking industry spread to other areas. Oil prices slid to 1-year lows and Treasury yields skidded lower. Other commodities also fell, while global-facing Industrial companies took it on the chin. Overall, the price action highlighted investors’ shift to fears of a global recession.The […]
When we wrote How to Grow Your Wealth in 2023, we began with ChaosTrying to Fit a Square Peg into a Round HoleLooking for Inflation in All the Wrong PlacesCould we have known at the time what headlines would emerge? No. Yet what was obvious is that “from central banks to sovereign spending and borrowing […]
This week, stocks started in a position of strength and ended in a position of weakness. While some groups, like semiconductors, have managed to remain strong, the major benchmarks managing to pound out a positive return for the week, the broad market message appears cautious-at-best by my read.My main Market Trend Model is based on weekly […]
