Readers will see that MDB is well off of its year ago high of $509. The stock hit resistance at the "half-way" back point of that sell-off in early December. In recent days, the shares have regained their 50-day and 200-day SMAs only to re-lose them. That is not encouraging. Even worse, this morning, down more than 20%, MDB is trading below established support created last summer and autumn.
If that level, which is about $213, cannot be re-taken and held, then I have troub...

Or headed there? On Wednesday, the US Dollar Index hit its lowest level since November. Is that a function of currency traders preparing for the easing of monetary policy by the US central bank due to a weakening economy? It could also have something to do with the global bond market sell-off and the rising value of the Euro. The Euro is the most heavily weighted foreign reserve currency in the basket that the US Dollar Index is measured against. US Treasury debt securitie...

Note in this daily chart for the S&P 500 that both the open and close and trading range for Monday fully encompass the open and close and trading range from Monday. This creates what is known technically as an "outside day." I won't waste the space, or your time, but this same "outside day" is evident on the daily chart of the Nasdaq Composite. What an Outside day signals is a coming period of increased volatility. Simply put, though markets have been wildly volatile since the middle o...

All of that was just the set-up. What happened next created a bonfire across financial markets. Early Monday afternoon, President Trump confirmed to reporters that 25% tariffs on both Canada and Mexico would land on Tuesday (today). The president also noted that global reciprocal tariffs will go into effect on April 2nd. This launched an avalanche of keyword-reading, high-speed, high-frequency trading algorithms that took several pounds of flesh out of risk asset valuations.
Those ta...

On the results of Monday's data, the Atlanta Fed revised their GDPNow model for the first quarter down to -2.8% (q/q, SAAR) from the already contractionary -1.5%. Atlanta tweaked its inputs for real personal consumption expenditures and real private fixed investment sharply lower to get there. Atlanta expects to revise this model again on Thursday morning after the Bureau of Economic Analysis publishes its January data for the US trade balance (deficit) and the Census Bureau r...

Interesting week ahead for trader types. The Fed will be out in force, and tariff-related headlines will be in focus, but Friday is "February Jobs Day " and that will be the headline level event of the week from an economics / markets perspective.
......The Fed will be rather quiet this week, that is with the exceptions of the release of the Beige Book on Wednesday afternoon and an absolute plethora of Fed officials that will be making public appearances on Friday. This, readers ...

Asian markets have been mixed on Monday (Sunday night into the zero dark hours on the US east coast). Japanese markets outperformed. We are now through the market openings across Europe. These openings have been mixed to moderately higher across the continent. Very interestingly, after the continent's regional leaders gathered on Sunday for a summit in London, there appeared to be agreement to continue to support the government in Kyiv after the dust-up late last week between Presid...

The surging prices for several cryptocurrencies on Sunday were dramatic. President Trump posted his thoughts on the matter on his social media network... "A US Crypto Reserve will elevate the critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA." The president then added, "I will make sure the...

High profile US chip designer Nvidia (NVDA) reported the firm's fiscal fourth quarter financial results on Wednesday evening. The firm posted a GAAP EPS of $0.89 (beating expectations) on revenue of $39.33B (crushing expectations). Forward sales guidance was strong. The numbers within the numbers still impressed as data center (cloud) driven revenue grew some 93% year over year with the large cloud computing providers accounting for about 50% of those sales.
Oh, a...

Some very recent trends across financial markets continued on Monday. Demand for US Treasury debt securities continues to increase, as equity markets continue to have a heavy feel. For the regular Monday trading session, the yield for the benchmark US Ten Year Note dropped three basis points to 4.4%. As I write through the zero-dark hours on Tuesday morning, that yield has dropped further, all the way to 4.33% overnight. The US Two Year Note paid 4.17% late Monday (-2 bps). I now s...