Energy Replaces Technology At the end of this week, 1/17/2024, the Technology sector dropped out of the top 5 and will be replaced by Energy. The ranking in the top 5 has also changed. XLY is still number one but XLF raised to the #2 spot, pushing XLC down to…
When I look back at leading industry groups for the past day, week, month, 3-month, 6-month, and 1-year periods, only one industry group has been among the Top 20 industry groups for each of those 6 different periods. It’s a group that I liked heading into 2024 and it’s a…
Global markets were turbulent this week on speculation about US President-elect Donald Trump’s trade policies. Initial gains on Monday (January 6), driven by rumors of less aggressive tariffs, were followed by a mixed performance as the Consumer Electronics Show (CES) kicked off in Las Vegas, Nevada, and investors awaited key…
Chinese President Xi Jinping will not attend President-elect Donald Trump’s inauguration, but he is sending Vice President Han Zheng as his special representative. The decision, announced Friday in China by the foreign ministry, came more than a month after Trump extended the unusual invitation to Xi, a break from tradition…
A Pakistani court on Friday sentenced the country’s already-imprisoned former Prime Minister Imran Khan and his wife to 14 and seven years in jail after finding them guilty of corruption, officials and his lawyer said. The couple are accused of accepting a gift of land from a real estate tycoon…
Don’t let Israel’s approval of the Gaza ceasefire fool you: There are deep schisms in Israeli politics that could threaten the longevity of the deal. The ceasefire as agreed to in Qatar is set to last 42 days. Over that period, 33 hostages are expected to be freed in exchange…
Donald Trump said he held a “very good” phone call with China’s President Xi Jinping, as the US-president elect prepares to return to the White House next week. “I just spoke to Chairman Xi Jinping of China,” Trump wrote on his social media platform, Truth Social. “It is my expectation…
Israel’s government approved a ceasefire and hostage release deal with Hamas, paving the way for the agreement to take effect Sunday and potentially signalling a new chapter in a bloody 15-month conflict that has enflamed the Middle East. The 33-member cabinet deliberated for more than seven hours into early Saturday…
As advancements in medical technology continue to shape the healthcare landscape, DexCom, Inc. (DXCM) stands out with its innovative continuous glucose monitoring solutions. Recent price action suggests that DXCM’s stock price has triggered a potentially new bullish run. In this article, I will examine the technical and fundamental factors behind…
The trouble with bonds is best portrayed by this long-term chart. Bonds were in a rising trend for about forty years, but the trend line was broken in 2022. This breakdown and subsequent price activity implies that bonds are going to be in a long-term falling trend for years to…