Great Britain officially entered in Recession due to Two Consecutive Negative Quarters.
The British economy contracted 0.3% on quarter in Q4 2023,
following a 0.1% decline in Q3,
worse than market forecasts of a 0.1% fall, preliminary estimates showed.
The economy entered recession amid a broad-based decline in output,
namely in services...
ITS NOT FINANCIAL ADVICE!
as i can see last time bitcoin did not breake 49k and had hard resistance and in Weekly Chart bitcoin is showing alot of bearish signs no matter what u put on chart is always showing for bearish my idea is that Bitcoin can retest again 45-49K zone if it dosnt manage to breakeout we will see again the lows which is gonna be good for buying...
Is the FED's caution on inflation justified? Absolutely! Here is why, secondary inflation spikes are very common when an economy does not enter a recession. The FED knows that. Hence their apprehension moving too fast to lower rates.
I think it is a mistake for people to believe inflation is over, running around with a major hard-on to lower rates. On the other...
Would you have believed it
If you were told a year ago.
When every expert was predicting a recession.
(which will come of course but when no one is expecting it )
So the conditions are set for a melt up
I believe #Bitcoin bottoms very shortly maybe this week or next
(grab some bitcoin miners!)
ENJOY THE NEXT few months!
#CNBC will trumpeting SOFT...
Just as in 2002-2003 when America invaded Iraq looking for WMDs (emphasis on the W). George W Bush (again, W) went to eliminate WMDs in Iraq. When said WMDs were not found, it was time to short the Iraq war. However there is a long and profitable path before us until our lies are exposed and we would be fools to not take advantage of this opportunity.
We have the...
Macro Monday 31
U.S. Dallas Fed Manufacturing Index
This Index is compiled from a monthly survey conducted by the Federal Reserve Bank of Dallas to assess the health of manufacturing activity in the state of Texas. It provides insight into factors such as production, employment, orders, and prices, offering a snapshot of economic conditions in the region.
10Y/2Y Yield Spread & Unemployment Rate
Originally shared back in July 2023 (see below charts)
Its interesting to see that the yield curve is rising fast (up towards the 0 level)
We are reaching into dangerous recessionary territory. No guarantees, just a significantly increased probability.
Continuous jobless claims are reaching pre-recession warning levels...
Hello everybody, I have been keeping a close eye on our economy and indices and it looks like we are already in a recession. This will be one of the biggest recessions in history and will make 1929 and 2008 look like a correction. As job layoffs continue, we expect this to increase dramatically for the next couple of years. On a technical level we are witnessing a...
MACRO MONDAY 9
Initial Jobless Claims
Historical Analysis and Important upcoming levels
Initial claims are new jobless claims filed by U.S. workers seeking unemployment compensation, included in the unemployment insurance weekly claims report. "Initial claims" refers to the government report on the number of workers applying for unemployment benefits for...
MACRO MONDAY 11
Continued Jobless Claims ECONOMICS:USCJC
Continued Jobless Claims are the continued unemployment benefits claimed by workers who made their first “Initial claim” and remained unemployed in the weeks that followed.
In other words, Initial Jobless Claims account for only the people that claimed their first week of unemployment benefit whilst...
Current economic, fundamental, and now technical data suggest that we are potentially nearing the start of the US Recession. Here are the technical factors that suggests the recession may have already begun⤵️
On the 1W chart, Price has rejected the $4.8k key resistance level
on the 1D chart, the price is overbought and the RSI is indicating a bearish...
Since hitting a record high of 126 in 2020, the gold/silver ratio has broken down and has remained contained beneath the monthly chart's Ichimoku cloud as it forms a symmetrical triangle. A similar formation appears immediately preceding the 2000 and 2008 recessions, when the ratio broke above the apex of the triangle and through the Ichimoku cloud as traders fled...
While not a reason to be short stocks on its own, there is quite a bit of symmetry on the S&P 500 chart since 2021 that could be setting up for a sharp leg downward. This is not a high confidence prediction, just a visually interesting observation that made me stop to think. Happy New Year everybody! 🤪
Since early 2021, the 10Y-02Y yield spread (an early bellwether indicator for a coming US recession) has undergone a long and deep inversion. Fears of economic instability as 10 year yields sharply rose in fall of 2023 eventually subsided as stocks rallied to close the year. However, the year also ends with a sign that another sharp increase in the yield spread...
- Emerging Markets are in a paranoid state due to Major US Financial Markets nearing
scheduled date of CPI numbers releasing day.
Consensus forecasts are anticipating Inflation to steadily
go up for the rest of 2023 and entering '24
10'th of August/23 will be a very important day for The Global Financial Markets.
Casualties might follow soon due to the...
IWN on the reliable daily chart has been trending down for two in a descending channel as
shown on the chart with upper and lower trendlines drawn with the tool. The Stochastic RSI
oscillates in the interval between oversold and over bought and presently is well
overbought at nearly 100. While the RSI may double top like it did in July, it is at least...
Looks like market bottoms just before the Unemployment peak.
Market peaks just before fed starts reducing the rates.
At the current situation, we have fed fund rates high and also unemployment started to climb.
Will be looking at the unemployment going high and markets roll over and fed cuts rates.
if FED keeps the same rate for long, something in the economy...
You may have heard the saying, "Gold is the canary in the coal mine to a recession," and let me tell you, it couldn't be more true! Gold has long been regarded as a haven asset, a shining beacon that guides us through economic uncertainties. As traders, we must pay attention to its behavior, as it often acts as an early warning system for market downturns.