Today Carl puts the spotlight on the Magnificent 7 with a look at not only the daily charts, but also a review of the intermediate term using weekly charts. See where they are headed short-term and what are our expectations are in the intermediate term. Carl also gave us his take on the market in general. Erin paid special attention to small-caps as part of her symbol request review. Plenty of Semiconductors hit the symbol...
Good morning and welcome to this week’s Flight Path. The equity “NoGo” trend continued this week even with some relief rallies as price attempted to move higher from the recent low. We see GoNoGo Trend painting weaker “NoGo” bars as the week ended. Treasury bond prices remained embroiled in a strong “NoGo” trend with the indicator painting purple bars again this week. GoNoGo Trend showed that the “Go” trend was able to survive in the commodity space, although we...
Vinted, the online marketplace for secondhand fashion, has achieved a significant milestone by reporting a remarkable 61% surge in sales, reaching nearly €600 million (£513 million). This surge has propelled the company into profitability for the first time, marking a significant achievement amid the burgeoning demand for “pre-loved” clothing. Based in Lithuania, Vinted attributes its impressive growth to various strategic initiatives, including its expansion into new markets such as Denmark and Finland. Additionally, its foray...
The House of Representatives is back in session for four weeks straight on Monday after a brief recess — and for House Speaker Mike Johnson, R-La., it will be the start of a legislative sprint with one fewer reliable House GOP vote. Rep. Mike Gallagher, R-Wis., who was regarded as a rising Republican star, shocked even some of his colleagues when he announced last month that he would leave Congress before the end of his...
I was just a teenager when Russian officials kidnapped me and my 11-year-old brother Serhiy from our home in Ukraine. What came next were the worst 9 months of my life. Serhiy and I are orphans from Kharkiv but when Russia launched its war, we relocated to Vovchansk, a nearby city, to live in a foster family. We hid in a basement for months, until Russian authorities occupied our town and took custody of...
The Biden administration is denying that there was a secret internal plot to get rid of White House press secretary Karine Jean-Pierre, a scheme first reported Thursday by the New York Post. Deputy White House press secretary Andrew Bates forcefully rejected claims from multiple sources with knowledge of the plans, which included longtime Biden senior adviser Anita Dunn, supported by White House chief of staff Jeff Zients, recruiting prominent outside Democrats to urge Jean-Pierre to...
In our hyperconnected world, where our every move is digitized, the term ‘cybersecurity’ has transcended tech jargon and entered the lexicon of daily life. It’s not just IT professionals and hackers who occupy the frontlines anymore. For modern-day businesses, vigilance against cyber threats is no longer a choice but a pivotal strategic imperative. The digital landscape has undeniably transformed the battlefield, and as such, companies must evolve their defense strategies to secure what is increasingly...
New research released today shows that 45% of people are looking to increase their income by starting or growing a side hustle this year. NatWest is the official banking partner of Team GB and has joined forces with top British Olympians to deliver a Team Talk to inspire the nation to reach their personal and financial goals. As part of the partnership, the bank commissioned a survey of British adults to identify these goals and...
The persistent decrease in job vacancies is underscoring a cooling labour market, fueling optimism for potential interest rate cuts in the coming months. According to the latest labour market report by Adzuna, a leading job search engine, vacancies have plummeted by over 17% year-on-year, with a further 0.5% decline on a month-on-month basis. The ratio of job vacancies to unemployed individuals has emerged as a pivotal gauge of labour market vitality, particularly amid deliberations at...
A dire shortage of construction skills and persistent planning delays pose significant threats to infrastructure projects, despite heightened interest from pension funds to invest in the sector. Randstad’s analysis reveals a pressing need to recruit 500,000 individuals to fulfill demand for ongoing large-scale projects and upcoming schemes, including the Lower Thames Crossing, National Grid expansion, and Stonehenge Tunnel. Simon Harris, Construction Head at the recruiting firm, underscores the industry’s stretched capacity, exacerbated by talent drain...
