7:00 am Pacific (Exclusive to BMR subscribers – Not for Distribution or Posting on any Board). Market Update Nvidia’s (NVDA, NASDAQ) earnings are due after today’s close. Nvidia results have become 1 of Wall Street’s most watched events, a traders seek insight into the progress of the AI revolution. Options trading shows investors are bracing for a big wing in Nvidia stock after the earnings, as has often happened in recent quarters. Key questions, according to Cramer: 1) What is the data center growth rate?; 2) What’s happening with China restrictions and a new chip for that market?; 3) How…
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11:55 am Pacific (Exclusive to BMR subscribers – Not for Distribution or Posting on any Board). Gold And The Greenback Gold has backed off modestly today after President Trump set a July 9 deadline for a trade deal with the European Union, rescinding his earlier threat of a 50% tariff from June 1 – that’s Trump being Trump, the master negotiator looking to cut a deal. On the geopolitical front, Russian forces launched a barrage of hundreds of drones and missiles at Ukrainian cities overnight, in the largest aerial attack of the war so far, killing at least 12 people…
Happy Memorial Day to our American friends, as the United States honors the men and women who gave their lives in service to enable a great nation to live freely and fully. This special observance began in the years following the Civil War and was originally known as Decoration Day. It gradually came to be known as Memorial Day. Three years after the Civil war ended, on May 5, 1868, the head of the organization of Union veterans – the Grand Army of the Republic (GAR) – established Decoration Day as a time for the nation to decorate the graves…
9:30 pm Pacific (Exclusive to BMR subscribers – Not for Distribution or Posting on any Board). Uranium Market Heats Up, Thanks To Trump Uranium stocks helped power the Venture to a nearly 3-year high Friday as the Index closed at 687, a 14-point advance for the week to outpace all other major North American averages. Uranium stocks were hot, buoyed by President Trump who signed executive orders seeking to jumpstart the industry in the United States (URA, NYSE – the Global X Uranium ETF which invests in a broad range of Uranium-linked stocks – rose nearly 12% Friday). Not coincidentally,…
1:00 pm Pacific (Exclusive to BMR subscribers – Not for Distribution or Posting on any Board). Charting The Venture, And Looking Ahead The Venture significantly outperformed the broader equity averages last week, adding 14 points or 2% to close at its highest level (687) since early June 2022. Again, what this tells us is that 2025 is going to be a blistering year for markets in general, spurred by a Trump-driven American economy that is going to prove all the skeptics and Trump-haters wrong. The Venture remains the runaway leader in 2025 among all major North American equity markets with…
6:40 am Pacific (Exclusive to BMR subscribers – Not for Distribution or Posting on any Board). Market Update Trump the negotiator is at it again with a comment this morning that he’s “recommending a straight 50% tariff on the European Union” after complaining that trade negotiations have stalled. That’s his way, of course, of getting negotiations going the way he wants them (the Europeans usually need a bit of a push), but markets have pulled back this morning ahead of the U.S. Memorial Day long weekend. Great day to be a buyer!; Trump also said in a social media post…
11:30 am Pacific (Exclusive to BMR subscribers – Not for Distribution or Posting on any Board). Macro Happenings As we predicted, Bitcoin is now trading at a new all-time high, passing $111,000 this morning. The steady climb in Bitcoin in recent weeks has been driven by increasing institutional ownership of the digital asset and corporate adoption of it, along with growing optimism around Crypto regulation. This trend should continue through the balance of 2025. Easing trade tensions between the U.S. and China and Moody’s downgrade of U.S. sovereign debt have also been contributing factors to Bitcoin’s bullishness; Another win for…
7:00 am Pacific (Exclusive to BMR subscribers – Not for Distribution or Posting on any Board). Macro Happenings Over the past 27 trading sessions, the S&P 500 is up close to 20%. That’s not a bear market rally. That’s not a short-covering rally. And the behaviour of the Venture has been telling us for many months that we’re very much in the grips of a full-fledged bull market where astute investors are buying any dips and building bigger positions; U.S. markets are off slightly in early trading as the S&P 500 tries to extend its winning streak to 7 straight…