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Facebook Wants To Pivot To A Metaverse
Article By: Sramana Mitra
Monday, August 2, 2021 12:14 PM EDT
Earlier last week, Facebook announced its second quarter results that surpassed all market expectations. Facebook appears to want to pivot from being known as the social media powerhouse to a provider of a virtual environment over the next few years.
In this article: META Also: RBLX
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Oil Slips Lower
Article By: Tim Knight
Monday, August 2, 2021 12:00 PM EDT
Oil has been slapped away from its broken trendline and resistance has done its job.
In this article: USO, XLE
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Leave Elon Alone!
Article By: Shelly Palmer
Monday, August 2, 2021 11:43 AM EDT
Is he cuckoo for Cocoa Puffs? Or just having a moment?
In this article: TSLA
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Nasdaq Fluctuates Following Rosy ISM Manufacturing Report
Article By: DailyFX
Monday, August 2, 2021 11:23 AM EDT
The positive tone to kick off August trade is accompanied by overall solid economic data just released.
In this article: NDX Also: SPX, DIA
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Gold Jumps For Joy Only To Hit The Ceiling, Hard
Article By: Przemyslaw Radomski, CFA
Monday, August 2, 2021 11:21 AM EDT
Powell’s recent dovish remarks started a sugar high among investors. However, it seems like the hangover has already begun.
In this article: GDX, GDXJ, HUI Also: SLV
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Can US ISM Manufacturing PMI Bring Back Market Optimism?
Article By: Orbex
Monday, August 2, 2021 11:01 AM EDT
Manufacturing PMI has been slipping since hitting a post-pandemic high in April. Taken in conjunction with the cautious optimism of corporate CEOs, a slight improvement in PMI might be enough to push risk sentiment into the positive.
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Good Assets To Profit On Now
Article By: Monica Kingsley
Monday, August 2, 2021 10:40 AM EDT
As volatility looks to be picking up, expect quite a few buying opportunities in the days and weeks ahead.
In this article: HYG, LQD, TLT, USO, XLK, NDX, SPX, VIX, HUI Also: COPX, CPER, GLD, SLV, BITCOMP
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Void If Vague
Article By: Scott Sumner
Monday, August 2, 2021 10:20 AM EDT
Should companies obey the law as it existed at the time they made decisions on company policy, or should they look into crystal balls and attempt to obey the law as it will be reinterpreted by unelected future bureaucrats?
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Euro Still Holds A Strong Position
Article By: Dmitriy Gurkovskiy
Monday, August 2, 2021 10:14 AM EDT
The major currency pair is stable at the beginning of August, growing slightly. EUR/USD is rising to 1.1870.
In this article: FXE, UUP
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The Canadian Cannabis Report - Monday, Aug. 2
Article By: James Coleman
Monday, August 2, 2021 10:00 AM EDT
The past, present and future of the Canadian cannabis sector based on the performance of our proprietary index of 23 stocks.
In this article: HEXO, VLNCF Also: MJ, THCX, CNBS
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Some Jaw-Droppers From The CBO
Article By: Tim Knight
Monday, August 2, 2021 9:45 AM EDT
Federal debt held by the public is projected to equal 202 percent of gross domestic product (GDP) in 2051, and the deficit is projected to equal 13 percent of GDP.
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S&P 500 Technical Analysis For Monday, Aug. 2
Video By: Peter Mathers
Monday, August 2, 2021 9:29 AM EDT
The 4400 as support is required, then 4430 as tested support as this will cut any ties with the 4400 and send the market to 4500 the next level.
In this video: SPX Also: AAPL, AMZN, GOOG, TSLA, META, SQ
Watch
How Professional Traders Are Playing The Next Round Of The COVID-19 Crisis
Article By: Graham Summers
Monday, August 2, 2021 9:14 AM EDT
For investors, given the market impact of another round of shutdowns, the wisest move is to ignore all the news and focus on price levels. Put another way, don’t try to be psychic… let the market show you what’s going on.
In this article: SPY, SPX
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Major Asset Classes - July 2021 - Performance Review
Article By: James Picerno
Monday, August 2, 2021 9:07 AM EDT
Most of the major asset classes continued to rise in July, led by US real estate investment trusts (REITs). Only stocks in emerging markets lost ground last month.
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GBPJPY Has Cycle Wave Y Ended?
Article By: Orbex
Monday, August 2, 2021 8:55 AM EDT
The formation of the GBPJPY currency pair suggests the development of the final part of the cycle wave Y. This wave takes the form of a double zigzag consisting of primary degree sub-waves Ⓦ-Ⓧ-Ⓨ. The last wave Ⓨ is currently under development.
In this article: FXB, FXY
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Appropriate Response
Article By: Phil Flynn
Monday, August 2, 2021 8:49 AM EDT
Oil prices are pulling back a bit this Monday morning on questions about what is an appropriate response to the alleged drone attack on an Israeli ship by Iran and the appropriate response to the delta variant of the COVID-19 virus.
In this article: UGA, UNG
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