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US stocks rise as Nasdaq leads the way

US stocks rise as Nasdaq leads the way

The major US stock indices are closing the day higher with the Nasdaq index leading the way. The gains today negated the losses yesterday. Recall, that the major indices are up 4 consecutive weeks. Those strings are on the line for the major indices.For the day:DJI...

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Charlie Munger dead at 99

Charlie Munger dead at 99

One of the all-time great investors has died.Berkshire Hathaway reports that Charlie Munger died today at 99, just over a month shy of his 100th birthday.Munger is best known for his role as the vice chairman of Berkshire Hathaway and his close partnership with Warren...

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Oil jumps $1.50 as OPEC worries pushed aside

Oil jumps $1.50 as OPEC worries pushed aside

Oil spilled lower today for a brief period before rebounding strongly. WTI is currently up $1.49 to $76.35 after falling as low as $74.86.In focus is this week's planned OPEC+ meeting. Crude stumbled on a report that it could be delayed again but the market began to...

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USDJPY breaks key support level, eyes on 100-day MA

USDJPY breaks key support level, eyes on 100-day MA

The USDJPY saw a notable decline during the U.S. trading session, with its downward movement intensifying after breaking below the critical 148.00 level. This break led to a sharp drop, bringing the pair to 147.33, a significant swing low that previously marked the...

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Month-end rebalancing could keep a lid on equities

Month-end rebalancing could keep a lid on equities

Everything is priced in.Today's comments from Waller were the most-dovish of the cycle and that was immediately reflected in Fed funds futures pricing in 100 bps in cuts next year from 87 bps. Initially, stock markets also rallied but they've since given it all...

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