The gold miners’ stocks just surged within spitting distance of new record highs. Achieving them will be a momentous technical and sentimental milestone, as their last record close was a shocking 14 years ago.
We started the week at 6460 and closed at 6481. Basically unchanged. Yet underneath that boring surface, we had a 90-point reversal today alone. We exploded to 6530 this morning, then crashed right back to my key 6450 level.
Initially, stocks rallied on the expectations of a rate cut at the next Fed meeting later this month. But then the wiseguys thought about it and decided to sell, sell, sell.
It has been more than a month since Trump said on August 11th that his administration was “looking at” moving cannabis from Schedule I to Schedule III and would “make a determination over the next few weeks”.
London stocks edged higher on Friday, buoyed by gains in heavyweight banks and industrials, as investors digested corporate updates and retail sales data.
PepsiCo isn’t a growth rocket right now. North American volumes remain soft, and profitability has clearly slipped since 2023. That explains the stock’s pullback.
Lululemon's stock price is nearing its bottom but still has room to fall; investors should not try to catch this falling knife but wait for a rebound to buy.
