https://www.howestreet.com/2024/10/gold-silver-oil-cycles-brics-inflation-eric-hadik-mark-leibovit-ross-clark-this-week-in-money/

Inflation is not caused by the actions of private citizens, but by the government: by an artificial expansion of the money supply required to support deficit spending. No private embezzlers or bank robbers in history have ever plundered people’s savings on a scale comparable to the plunder perpetrated by the fiscal policies of statist governments.

~ Ayn Rand

 

Nasdaq Reaches New Record Closing High But Dow Moves Lower

The major U.S. stock indexes all moved higher during trading on Monday but returned to the mixed performance seen to close out the previous week on Tuesday.

While the tech-heavy Nasdaq showed a notable advance to reach a new record closing high, the Dow closed lower for the sixth time in the past seven sessions.
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The Nasdaq climbed 145.56 points or 0.8 percent to 18,712.75, extending its winning streak to four days. The S&P 500 also rose 9.40 points or 0.2 percent to 5,832.92, but the Dow fell 154.52 points or 0.4 percent to 42,233.05.

The climb by the Nasdaq came ahead of the release of earnings news from big-name tech companies, with Google parent Alphabet (GOOGL) and Advanced Micro Devices (AMD) among the companies reporting their quarterly results after the close of today’s trading.

Tech giants Meta Platforms (META), Microsoft (MSFT), Amazon (AMZN) and Apple (AAPL) are also due to release their quarterly results in the coming days.

Semiconductor stocks showed a particularly strong move to the upside, driving the Philadelphia Semiconductor Index up by 2.3 percent.

Significant strength was also visible among networking stocks, as reflected by the 1.7 percent gain posted by the NYSE Arca Networking Index.

Gold and software stocks also saw notable strength on the day, while airline stocks moved sharply lower, dragging the NYSE Arca Airline Index down by 3.6 percent.

Shares of JetBlue (JBLU) plummeted after the airline reported better than expected third quarter results but forecast a decrease in fourth quarter revenue.

Housing stocks also saw substantial weakness, with the Philadelphia Housing Sector Index plunging by 2.3 percent.

Homebuilder D.R. Horton (DHI) posted a steep loss after reporting fiscal fourth quarter results that missed estimates and providing disappointing guidance.

The decrease by the Dow came amid significant losses by Home Depot (HD), Coca-Cola (KO) and Travelers (TRV).

In U.S. economic news, the Conference Board released a report showing a substantial improvement by U.S. consumer confidence in the month of October.

The Conference Board said its consumer confidence index surged to 108.7 in October after tumbling to a revised 99.2 in September.

Economists had expected the consumer confidence index to inch up to 99.1 from the 98.7 originally reported for the previous month.

A separate report released by the Labor Department showed job openings in the U.S. fell to 7.44 million in September from a downwardly revised 7.86 million in August.

Economists had expected job openings to edge down to 7.99 million from the 8.04 million originally reported for the previous month.

Other Markets

In overseas trading, stock markets across the Asia-Pacific region moved mostly higher on Tuesday. Japan’s Nikkei 225 Index advanced by 0.8 percent and Hong Kong’s Hang Seng Index rose by 0.3, although China’s Shanghai Composite Index bucked the uptrend and slumped by 1.1 percent.

Meanwhile, the major European markets all moved to the downside on the day. While the U.K.’s FTSE 100 Index slid by 0.8 percent, the French CAC 40 Index fell by 0.6 percent and the German DAX Index dipped by 0.3 percent.

In the bond market, treasuries recovered from early weakness to end the day roughly flat. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, edged down by less than a basis point to 4.274 percent after hitting a three-month intraday high of 4.339 percent.

Looking Ahead

Trading on Wednesday may be impacted by reaction to the latest earnings news as well as reports on private sector employment, third quarter GDP and pending home sales.

 

https://www.metastock.com/offer/event/?whc=traders-conference&pc=eq-vrtrader

Excellent poltiical commentary from Vancouver’s Michael Campbell:

https://tinyurl.com/2ejnk9mh

https://tinyurl.com/2fxvpr32

TERRIFIC MARTIN ARMSTRONG INTERVIEW ON TRACK 3

https://www.howestreet.com/2024/10/silver-gold-uranium-us-civil-war-real-estate-martin-armstrong-hilliard-macbeth-ross-clark-this-week-in-money/

OPPORTUNITY TO ACCESS MARK LEIBOVIT’S PROPRIETARY VOLUME REVERSAL INDICATOR – THIS IS THE ONLY PLACE TO DO IT!

https://www.metastock.com/products/thirdparty/?3PC-ADD-VRIS

Yes, that’s a cartoon of me.  Louis Rukeyser had us dressed up in ‘elf’ costumes on the screen broadcast each week.  I’ve dated myself. That occurred for me between 1988-1996.  Lou didn’t like any bearish comments, so myself and other elves got dumped in 1996.  

WHO am I?

MARK LEIBOVIT is Chief Market Strategist for LEIBOVIT VR NEWSLETTERS  a/k/a VRTrader.Com. His technical expertise is in overall market timing and stock selection based upon his proprietary VOLUME REVERSAL (TM) methodology and Annual Forecast Model.

Mark’s extensive media television profile includes seven years as a consultant ‘Elf’ on “Louis Rukeyser’s Wall Street Week” television program, and over thirty years as a Market Monitor guest for PBS “The Nightly Business Report”.  He also has appeared on Fox Business News, CNBC, BNN (Canada), and Bloomberg, and has been interviewed in Barrons, Business Week, Forbes and The Wall Street Journal and Michael Campbell’s MoneyTalks.

In the January 2, 2020 edition of TIMER DIGEST MAGAZINE, Mark Leibovit was ranked the #1 U.S. Stock Market Timer and was previously ranked  #1 Intermediate U.S. Market Timer for the ten year period December, 1997 to 2007.

He was a ‘Market Maker’ on the Chicago Board Options Exchange and the Midwest Options Exchange and then went on to work in the Research department of two Chicago based brokerage firms.  Mr. Leibovit now publishes a series of newsletters at www.LeibovitVRNewsletters.com.   He became a member of the Market Technicians Association in 1982.

Mr. Leibovit’s specialty is Volume Analysis and his proprietary Leibovit Volume Reversal Indicator is well known for forecasting accurate signals of trend direction and reversals in the equity, metals and futures markets. He has historical experience recognizing, bull and bear markets and signaling alerts prior to market crashes. His indicator is currently available on the Metastock platform.

His comprehensive study on Volume Analysis, The Trader’s Book of Volume published by McGraw-Hill is a definitive guide to volume trading.  It is now also published in Chinese.  Mark has appeared in speaking engagements and seminars in the U.S. and Canada.

The Walt Disney Company has been criticized (MYSELF INCLUDED) for its “woke” content and has faced backlash from conservative politicians and social media voices. Some of the criticisms include: 

  • Donations to LGBTQIA+ organizations

    Some shareholders have argued that Disney’s donations to organizations that serve the LGBTQIA+ community are “extreme pursuits” that ignore the beliefs of most Americans.

  • Inclusion of LGBTQ+ characters

    Some critics have taken issue with Disney’s inclusion of LGBTQ+ characters and elements in stories, such as a same-sex kiss in Lightyear and a nonbinary character in Elemental.

  • Black Ariel in Little Mermaid

    Some critics have taken issue with the inclusion of a Black Ariel in the recent Little Mermaid.

  • Economic and reputational consequences

    Some claim that Disney’s “woke virtue signaling” has had economic and reputational consequences, with Disney’s market cap falling nearly 40% since February 2021. 

In response to these criticisms, Disney CEO Bob Iger has said that: 

  • Disney’s biggest priority is entertaining audiences

  • Disney is focused on the future, not the past

  • Disney needs to be more sensitive to the interest of a broad audience

  • Disney’s primary mission is to entertain and then have a positive impact on the world through entertainment

RFK Jr. Shreds Democrats for Abandoning Democracy

https://tinyurl.com/24sh92xa

I USE JOEL WALLACH’S SUPPLEMENTS EVERY DAY.  MAY AGAIN PROVIDE A LINK TO PURCHASE THEM HERE

COME ON, DAD. IT’S TIME TO EAT

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