Global Growth Returns And The 2025 Fiscal Reckoning

Gold prices are hitting all-time highs despite outflows from U.S. Bullion ETFs. Investors should be prepared for a gold/bitcoin/bitcoin bull market in 2024-2025, says Klaus Vedfelt. Gold is signaling that government spending policy could be wildly stimulative.

Higher-For-Longer Risk For Rates Drives Up Treasury Yields

Federal Reserve Chairman Jerome Powell on Tuesday conceded that inflation progress has stalled and the case for rate cuts has weakened. The 10-year Treasury yield is paying attention and rose to 4.67%, the highest since Nov. 6. The Treasury market has convinced the crowd to demand a higher yield.

The AI Hype Cycle

Artificial Intelligence (AI) has undergone continuous cycles of development, disillusionment, and progress. Manning & Napier believes we are in the early stages of a 'mini hype cycle' for AI. The company believes we will reach a state of general-purpose AI in 5 years.

Teen Employment Numbers Improve In March 2024

According to the U.S. Bureau of Labor Statistics, teen employment surged in March 2024. The number of teens Age 16 to 19 counted as employed jumped by 224,000 to reach 5,832,000. Number of Americans Age 18 and 19 with jobs rose 161,000 from the previous month to 3,756,000, the highest since April 2008.

Cathie Wood's Ark Invest Swoops In To Buy $10.3M Worth Of Tesla Shares Amid Downturn In Price

Cathie Wood-led Ark Invest continued its buying spree of Tesla Inc (NASDAQ:TSLA) shares on Wednesday. Ark Invest purchased 66,504 shares of Tesla for $10.34 million. The electric vehicle maker's stock is facing a fourth consecutive day of losses.

ARKK: The Real Rate Rebound Is Bad News For Cash-Flow Negative Stocks

ARK Innovation ETF ARKK has performed poorly compared to the overall technology sector. The technology sector has had a strong year, outperforming the S&P 500 by over 15%. The ARK Innovation ETF has risen by just 12% since I last covered it. ARKK's top ten holdings have high valuations, face competition, and most lose money. I believe ARKK is a short opportunity and will decline quickly.

The Stock Market Sell-Off May Have Only Just Begun

The S&P 500 has pulled back 4% from recent highs, but it's not due to geopolitical tension. Rates, the dollar, yen, and oil are not reflecting typical flight to safety characteristics. Markets are correcting for their massive blunder. Financial conditions are tightening, and the market is correcting its errors.

AI-Driven Spending Boom Is No Dot-Com Bust For Investors

Wall Street Lunch: Lilly In Limelight

Wall Street Breakfast: Eli Lilly's weight loss therapy reaches main goals in two Phase 3 trials for obesity and sleep apnea. Abbott posts Q1 results beat, Travelers earnings hurt by elevated catastrophe losses. Walmart teams up with Jessica Simpson for a new collection. The market looks to be adjusting to a new fed funds rate landscape in 2024.

ARKK July 19th Options Begin Trading

Reflation Trade Is The New Bullish Narrative

Economic reflation is becoming the next bullish narrative as equity valuation increases continue to outpace earnings gains. The last time Wall Street focused on the reflation trade was in 2009. Interest rates, gold, and commodity prices have increased in the past few months. The house view for 2024 remains intact.

Where's The Downside Tipping Point For U.S. Stocks?

Tesla Stock Is Rising as Selling Pressure Eases. Cathie Wood Is Buying.

ARK Invest's Cathie Wood bought almost 21,000 shares of Tesla stock. Tesla stock was up 1.4% in premarket trading Wednesday. The company's stock has fallen 11% for the month after weaker-than-expected first-quarter deliveries. The average analyst price target for Tesla stock is down to $180.

Inflation Progress May Be Bumpy, But Is Likely To Continue

Home Market Outlook Economy Analysis Inflation Progress May Be Bumpy, But Is Likely To Continue. Inflation cooled substantially last year, but upside surprises in early 2024 for the US and Europe have many investors concerned. Global central banks seem to be making continued progress. In inflation, inflation is improving in more major economies.

A (Un)Certain Framework

The FOMC has shifted away from specific metrics and adopted a more ambiguous strategy. The Fed has been using a varied set of targets for monetary policy, but the relevance of these data points is questioned. The FomC's outlook for inflation has become increasingly tilted to the upside.

The World Is Overweight U.S. Assets

The world is now overweighting U.S. Assets by 40% of gross domestic product. By 2012, the private sector held a sizeable short position in the U.s. Dollar. As a share of GDP, the world has shifted from overweighting foreign assets to underweighting them. The world has experienced superior growth and asset market performance in the last decade.

Cathie Wood's Ark Laps Up $3.3M Worth Of Tesla As Stock Falls For 3rd Straight Session, Sheds Shares Of This Sports Betting Company

Ark Invest run by Tesla bull Cathie Wood bought 20,683 shares of Tesla on Monday. The stock settled the session down 2.71% at $157.11. Tesla is now the top holding of the firm's flagship exchange-traded fund. Tesla shares settled lower for a third session on Tuesday.

The Cathie Wood Stock Shuffle: 4 Names She’s Loving, 3 She’s Leaving

U.K. Wage Growth Proves Sticky Despite Rising Unemployment

Private-sector pay up 12% annualised on a month-on-month basis. The unemployment rate notched up to 4.2% from 3.9%. Wage growth is temporarily stuck in the 6% area. The Bank of England will wait until August to cut rates for the first time.

ARK Innovation ETF: Recent Returns Do Not Justify The Risk