Author: i2wtc

18 minutes agoIs the sale over yet? History says notAccording to market history compiled by Sam Stovall, the S&P 500’s decline from its all-time high hit on July 16th may not be over yet. From last week’s peak to trough, the S&P 500 fell a total of 4.7%, according to CFRA’s chief investment strategist. Since 1990, 68% of declines of 4.5% or more have reversed within “a few weeks,” Stovall wrote in a Monday note. The strategist defines a pullback as a drop between 5% and 9.9%.See the chart…S&P 500, 1 month29 minutes agoOppenheimer says market expansion is ‘realistic’Oppenheimer strategist…

The Euro has been attempting a long-term breakout since July 11, 2024. It may take a few weeks, or even months, but if it succeeds, gold prices will rise significantly. Related – Will Gold Hit $3,000 an Ounce? With gold prices remaining flat for around four months, more and more people are wondering where gold peaked. In fact, we are firmly opposed to a scenario in which gold prices reach all-time highs, for a number of reasons. The most important reason is that the long term chart of gold is very bullish, especially on the longer time frames like the…

The sharp sell-off in U.S. stocks is putting added focus on the valuations of tech stocks such as Nvidia (NVDA) and Microsoft (MSFT), which have driven the market higher for much of the year.Despite the recent sell-off, the S&P 500 tech sector is trading at 29.5 times 12-month earnings forecasts, near the 20-year high it hit earlier this month. The broader market is also historically high, with the benchmark S&P 500 index trading at 20.7 times forecasts, above its long-term average of 15.7, according to data from LSEG Datastream.”The market today is pretty expensive for us on a broad level,”…

The data shows that reported crime in Austin through the middle of the year has fallen to its lowest level in the past five years for the same reporting period, but homicides are higher than they were before the COVID-19 pandemic and car thefts remain elevated.The decline in crime is in line with a trend that the Austin Police Department said in April was “cautiously optimistic” crime would continue to decline throughout the year.”I’m more optimistic than I was in the past,” said Augie Krobatch, the police department’s acting data initiatives and analytics strategy officer. “I want to reiterate that…

The Hollow Party: American Party Politics’ Many Pasts and Troublesome PresentDaniel Schlozman and Sam RosenfeldPrinceton University Press, 448 pages, $35.In both cases, the parties presented weak opposition to their presidential candidates. In their new book, Hollow Party, Tracing the rise and fall of the national party system, political scientists Daniel Schlozman and Sam Rosenfeld warn of a decades-long process of decline. I recently spoke with Schlozman and Rosenfeld about the Democrats’ switch to Kamala Harris, the New Right’s long march through the Republican Party, and the future of the party system. The conversation has been edited for length and clarity.…

Photo-Illustration: Intelligencer; Photo: Getty Images More than half a century after New York Representative Shirley Chisholm became the first Black major-party candidate, Kamala Harris could do what seemed impossible in 1972. And while the vice-president’s rise to the top of the ticket has energized the entire Democratic Party, it has particularly thrilled Black voters and especially Black women. Still, Harris’s first week at the top of the ticket has been beset by a recent wave of racist attacks from commentators and politicians on the other side of the aisle. In 2011, Kimberly Peeler-Allen co-founded Higher Heights, a national political organization dedicated…

Beware: In the coming days and weeks, your local stadium or arena may be flooded with political gestures and chants from people who once complained that sports should be politics-free. Consider a recent baseball game at Truist Park, where St. Louis Cardinals slugger Alec Burleson resisted an assassination attempt while hitting a home run by holding one hand to his ear and raising his fist with the other, as if he had just been shot. Some of his teammates in the dugout did the same. Keith Olbermann, a politically-inclined former sportscaster, thought he knew what he saw, and he didn’t…

Down icon An icon in the shape of a downward angle. Magura V5 maritime drone, Neptune anti-ship missile and Seababy drone. Getty/WikiCommons Ukraine has used a number of innovative naval technologies to attack Russia’s Black Sea Fleet.Magura V5 maritime drones, Neptune missiles and Seababy naval drones have proven vital to Ukraine’s war effort.Let’s take a closer look at each of these innovations. Ukraine has suffered heavy losses Russian Black Sea Fleet Since Russia launched a full-scale invasion in February 2022.Ukraine does not have a traditional navy and seemed destined to struggle at sea if war broke out.But a range of…

With the federal budget now over, the next big event to watch is the US presidential election. This is a key factor for stock investors, given the Western nation’s global economic and political influence. With the federal budget now over, the next big event to watch is the US presidential election. This is a key factor for stock investors, given the Western nation’s global economic and political influence. With the election just 100 days away, the outcome could affect currency fluctuations, US-India relations under a new US administration and have significant ramifications for domestic companies and industries with external exposure.…

The Olympic broadcaster has removed one of its commentators from its lineup after he made sexist comments during the swimming events in Paris. Eurosport has removed veteran commentator Bob Ballard from its roster for “immediate effect” following comments made during Saturday night’s broadcast, after Molly O’Callaghan, Shayna Jack, Emma McKeown and Meg Harris won gold for Australia in the women’s 4x100m freestyle relay.”Well, the ladies are just finishing up. You know what it’s like to hang out and put on makeup,” Ballard said on air.British swimmer Lizzy Symonds, who was commentating with Ballard, called the comments “outrageous.” The video, shared…