Non trovato

6Mes·

15.07.2024 +++ Markets remain tense +++ Interest rate cut still unclear +++ Bitcoin continues to recover +++ Nordex with fewer incoming orders +++

Markets generally unimpressed by the weekend's events. Bitcoin $BTC (-0,97%) even climbed well above 60,000$ again and US markets are currently up in pre-market trading. That looks like a positive start to the week.

There will be further updates here during the course of the day:

Nordex
$NDX1 (-1,86%) recorded significant growth in order intake in the first half of the year. However, orders weakened noticeably in the second quarter. Prices remained stable.

Sentiment dangerous - don't follow the interest rate cut hype

The conclusion for investors should be not to fall for wishful thinking when it comes to interest rate cuts. Even Fed officials are apparently not immune to this. Chicago Fed President Goolsbee rejoiced after the price data about "excellent" data and that "this is what the path to 2 percent looks like". However, he left open how much time will be spent on this path. If share price gains are only justified by the expectation that interest rates will fall "soon", investors should stay away. The current sentiment in the USA is also suspicious. According to surveys by the AAII investor association, the proportion of optimistic investors there has jumped to 49.2% within a week. The historical average is just under 38%.

Monday: Stock market dates, economic data, quarterly figures

Stock market holiday in Japan

ex-dividend of individual stocks

AbbVie 1.55 USD

Abbott Laboratories USD 0.55

Quarterly figures / company dates USA / Asia

12:15 Blackrock quarterly figures

13:30 Goldman Sachs quarterly figures

Quarterly figures / company dates Europe

07:00 TomTom

07:00 Nordea Bank quarterly figures

Economic data

11:00 EU: Industrial Production May Eurozone

FORECAST: -0.9% yoy/-3.7% yoy previous: -0.1% yoy/-3.0% yoy

14:30 US: Empire State Manufacturing Index July

FORECAST: -8.0 PREV: -6.0

17:00 US: Fed Chairman Powell, participation in Economic Club of Washington event

4 Commenti

Joris@Joris

6Mes

Bitcoin: The controversial thing is that the attack supposedly helped Trump to win the election and he is currently "pro-Bitcoin". And then he still wants to speak at the Bitcoin conference. So Bitcoin thinks that's good.

Now a deeper question, is the price "only" controlled by supply and demand? According to the thesis above, everyone is hoping that bitcoin will rise. So get in quickly before it goes up.
Or even on algorithms, the price evaluates information/news and rises or falls. Then there would have to be an AI behind it, stock market prices have been around for decades. So AI has been around for decades. I think I'm on the trail of something really big, I'm informing Galileo Mystery.

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Martin von mit Verstand zum Kapital@MitVerstandzumKapital

6Mes

@Joris The market is basically only driven by supply and demand. Many others have the same assessment as you mentioned. Many people have money, which flows into the market in precisely such phases and is then taken out again at a profit. News trading is done by many more. But it's often the case that by the time you or I get this news, the big players already have their pockets full.

This always plays well in the crypto sector. But you also see the same thing with other indices or in specific sectors. You know that behind every buy is a sell. This news, like this weekend, because Trump is very pro-Bitcoin and this action has ultimately strengthened him, gets everything going that has to do with him. Whether it was the Trump meme coin, your share or Bitcoin, which he is very fond of. That's what the big players try to play and kick something loose. They then sell piece by piece as it rises, without harming the market and continuing to profit from the rise.

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_EvD_@_EvD_

6Mes

Markets still tense? To be honest, I don't currently notice this in my portfolio.

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Martin von mit Verstand zum Kapital@MitVerstandzumKapital

6Mes

@_EvD_ Well, as long as the market plays its interest rate fantasy. At the moment there are already many voices saying that there could be further suspensions and that it will only happen towards the end of the year. So there could be another setback. I'm curious.

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