Data is out showing that the percentage of people claiming unemployment benefits in the UK for April spiked considerably above that seen during the Great Financial Crisis. A few highlights include: Claimant count increased by 856,500 – the biggest ever month-on-month addition. Highest claimant total since 1996. Unemployment expected at […]
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Morning all. Only about 10 hours left until the $BTC halving and already we’ve seen quite a correction take place. There were 2 attempts to challenge $10k but that level was rejected and lead to a near 20% correction. One of the big issues I see from watching this market […]
Afternoon all. The ADP Payroll Report was reported today, suggesting that approximately 20 million jobs were lost in April. When the official NFP data is issued on Friday, it will confirm this and give a clearer indication of the unemployment %. The markets keep looking through all these type of […]
Afternoon all. Not many markets open on Sunday daytime, but the main Saudi stock exchange is one and it slumped 7.41% in today’s session, the biggest single day fall since markets were crashing in the middle of March. A worrying sign for risk appetite perhaps and maybe a message that […]
Afternoon all. Just taking a look at some of the commentary from the $BRK.B annual meeting and thought I’d share a few thoughts as I go through some articles. The main story for me is that Buffett has disposed of all his airline stocks. There was some knowledge that he’d […]
Afternoon all. $BTC countdown now under 10 days! Not a great deal to add, but last time I mentioned that it looked good for Bitcoin and the altcoins if the positive sentiment driving stocks was maintained. Well, to that point, on the evening the US stocks futures for the $NSDQ100 […]
Morning all, Just a quick post to welcome in the new month. DEBT DEBT DEBT I think debt is going to be the story of May. I don’t want to focus on Boeing, but I saw this article and the number is startling, $25 billion in bond offerings!!! I don’t […]
Morning all. “We’ll revisit the 2,200 S&P low, if not make a lower low — probably by late summer,” he said. “That’s going to come because we’re going to find out now is a critical time for the market.” Interested to know how others are looking at the current rally. […]
Afternoon all. $BTC just ticked under 2 weeks to go until the halving and price has been on the up since my last post, the whole crypto sector doing quite well in tandem with global risk appetite returning. For example, the $SPX500 is up 13.10% this month and Bitcoin is […]
Morning all. US futures have recovered their overnight dip and risk sentiment is looking strong at the moment. I missed a bit of news yesterday that I’ve just seen when catching up on some stories. US Vice President Mike Pence during an interview stated that the US would see the […]