Stock Market Braces for Crucial Test Ahead of Data-Packed Week

If you are taking a vacation this week, you chose the wrong week. From Tuesday until Friday, there will be a massive data dump. Starting Tuesday, we get the

This is happening not just in the US but in Europe, too, with German and Italian sovereign spreads widening, which has resulted in high-yield spreads here in the US widening, too.Widening spreads in the US have led to rising levels of implied volatility for the equity market and higher earning yields, which have led to lower equity prices.

If the XBI should break support around $64, the next level of support comes at gap fills from 2016 at $54 and $57.You can see how ominous the triple top in the IWM looks and what a break of the neckline at $162.50 could mean for the IWM, with gaps to fill down around $127.Magnificent 7 Stocks Start to Price in High Rates

We aren’t geopolitical experts and do not know how the Israel-Hamas war will unfold*. Nobody does. There are far too many unknowns at this stage for even the geopolitical experts...

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This Day in History: Black Thursday marks start of stock market crashOn this day in 1929, nearly 13 million shares of stock were traded as Black Thursday hit Wall Street. The day is remembered as the start of the worst stock market crash in U.S. history and the beginning of the Great Depression. The stock market experienced rapid expansion in the 1920s, but by Aug.
Source: WGAL - 🏆 331. / 59 Read more »

This Day in History: Black Thursday marks start of stock market crashOn this day in 1929, nearly 13 million shares of stock were traded as Black Thursday hit Wall Street. The day is remembered as the start of the worst stock market crash in U.S. history and the beginning of the Great Depression. The stock market experienced rapid expansion in the 1920s, but by Aug.
Source: WGAL - 🏆 331. / 59 Read more »

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