The complexion of the market is changing. Aggressive sectors which have led the market higher are now beginning to show signs of strain as momentum slowly dissipates and prices turn lower. However, defensive sectors (XLP, XLRE, XLV and XLU) are now leading the market. Typically when this occurs the market is at a top. Given the look of the SPY, we could very well have hit a major market top. Carl started off the trading...
Former Vice President Kamala Harris took veiled jabs at President Donald Trump and Department of Government Efficiency chief Elon Musk during her first major speech since her election loss in November. After several months out of the public spotlight, Harris stepped onto the stage at the 56th NAACP Image Awards on Saturday in the Los Angeles-area to accept the NAACP’s Chairman’s Award. The former Democratic presidential candidate called for a ‘sense of urgency,’ asserting that...
The U.S. State Department and Department of the Treasury reimposed what they describe as ‘maximum pressure’ sanctions on Iran’s ‘shadowy’ oil trade on Monday as tensions between Tehran and Washington remain high after President Donald Trump took office last month. The State Department designated 16 entities and vessels part of a ‘network of illicit shipping facilitators’ that ‘obfuscates and deceives its role in loading and transporting Iranian oil for sale to buyers in Asia,’ spokesperson...
The Environmental Protection Agency (EPA) is teaming up with Elon Musk’s cost-cutting department to draw back environmental grants issued by the former Democratic administration. The EPA and the Department of Government Efficiency (DOGE), President Donald Trump’s newly formed department aimed at cutting federal spending, recently revealed that the Biden administration earmarked $77.1 million in ‘environmental justice’ grants to 20 recipients. DOGE, as part of its sweep of government ‘waste,’ revealed that they are canceling $67.4...
Some House Republicans have felt heat back home this past week after progressive groups urged Americans to protest the GOP’s handling of government spending. At least six lawmakers saw protests at their district offices as they spent time with constituents during last week’s recess to mark President’s Day. Several others were confronted during town hall events held during the same period. The demonstrations largely centered on Elon Musk and the Department of Government Efficiency (DOGE),...
The U.S. Supreme Court declined Monday to hear a pro-life challenge against protest restrictions around abortion clinics in Illinois, as activists argued the laws infringe on their First Amendment rights, a decision met with a fiery dissent by Justice Clarence Thomas. The court rejected appeals from Coalition Life, which describes itself as ‘America’s Largest Professional Sidewalk Counseling Organization’ in New Jersey and Illinois, which had challenged previous lower court rulings that dismissed their lawsuits. Pro-life...
The U.S. is pushing United Nations (U.N.) member states to back its resolution marking the third anniversary of the Russia-Ukraine war that does not underscore Kyiv’s territorial integrity. The U.S. draft resolution, put forward on Friday, pits the U.S. against Ukraine and its European allies, who pitched a lengthier resolution that lays blame on Russia for the invasion and demands Moscow remove its troops from Ukrainian territory. While the U.S. resolution mourns ‘the tragic loss...
Germany’s chancellor-elect, Friedrich Merz, leader of the center-right Christian Democratic Union party, said his ‘absolute priority’ upon taking up the top job will be to secure Europe so that it can ‘achieve independence’ from Washington. ‘I would never have thought that I would have to say something like this in a TV show but, after Donald Trump’s remarks last week… it is clear that this government does not care much about the fate of Europe,’...
In today’s world, cars have become an essential part of daily life, whether it’s commuting to work, running errands, or shuttling kids to and from school. As the number of vehicles on the road continues to grow, so does the need for enhanced safety measures. With this in mind, automotive companies have been innovating and introducing different safety gadgets to help keep people safe. From portable jump starter kits to dash cams or tyre pressure...
French President Emmanuel Macron is meeting with President Donald Trump Monday morning at the White House. The meeting comes after Macron called for an emergency gathering of world leaders after the Trump administration excluded Europe from sitting at the negotiating table to settle the war between Ukraine and Russia. Macron arrived at the White House around 8 a.m. local time Monday and has been inside now for several hours. The two were expected to participate...
