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Featured AlphaTack Intel Article
Aluminum Surges 6% After Iran Strikes Plants in UAE, Bahrain
Aluminum climbed around 6% after Iran attacked two production sites in the Middle East, threatening to deepen supply disruptions in a region that accounts for a significant portion of global output. Prices on the London Metal Exchange rose as much as 6% to $3,492 a...
– AlphaTack Intel Articles –
Apple’s Reign as World’s Top Stock at Risk From Bumpy 2024 Start
Company has erased $177 billion in value so far this year Gap between Apple and Microsoft is less than $100 billion Apple Inc. just had its worst start to the year by one measure as investors react to mounting pressures on the company, putting its long-standing status...
Global Food Prices Post Biggest Annual Drop Since 2015
Steep drop in raw prices could indicate relief for consumers Fall in wholesale prices take time to feed through to retail Global food prices posted the biggest annual drop since 2015, amid signs that lower wholesale food prices are starting to feed through to...
DEFLATION to Cause Epic 2024 Market Crash!
Based on my research of the S&P 500’s performance vs. the CPI from 1871 to 2020, the index will experience an epic crash in 2024. Decline will range from 32% (1920-21) to 85% (1929-1932) compared to the index’s all-time intraday high of 4816. The catalyst for...
German Inflation Jumps Less Than Expected in Boost for ECB
Consumer prices rose 3.8% from year ago in December; est. 3.9% Surge largely due to one-time energy aid payments in late 2022 German inflation quickened less than anticipated in December — reflecting a more muted boost from energy that may help keep wage demands at...
US Factory Gauge Shows 14th Month of Shrinking Activity
ISM’s manufacturing index registered 47.4 in December Prices slid at faster rate while employment shrank less A measure of US factory activity remained stuck in contraction territory for a 14th month at the end of 2023, restrained by weaker orders. The Institute for...
Stocks, Bonds Drop in Tandem for Worst Start to Year in Decades
Nasdaq 100’s 1.7% first day drop is third-worst since 2001 ‘January rout in megacap tech is now consensus,’ BofA says Traders hoping that a pan-markets year-end rally would pick up where it left off got the opposite on 2024’s first trading day, a session that featured...