Author: Sebastian Montague

In the wake of the United States’ credit rating downsizing at the commencement of the week, a degree of pessimism washed over the markets. However, according to the insights shared by Lale Akoner from eToro, it’s crucial not to overreact. History has often shown that these credit adjustments tend to trail behind the real-time economic indicators. This perspective seemingly emboldened investors, as, despite a turbulent start, the subsequent rally in US stocks was noteworthy. As the trading day concluded, both the Dow Jones Industrial Average and the S&P 500 managed to end on a positive note despite the initial setbacks.…

Over the past month, financial markets have witnessed a remarkable surge, with significant contributions from the titans of the tech industry such as NVIDIA, Meta Platforms, Microsoft, and rather unexpectedly, International Business Machines Corp. (IBM). Indeed, IBM has found itself in the limelight, boasting an impressive 10-day run of consecutive gains. This upward trajectory, however, is not merely a fleeting phenomenon. Over an extended period exceeding a year, IBM’s share value has experienced a meteoric rise, more than doubling since the onset of 2024 and marking a 28% increase since the beginning of the year. This begs the question: What…

In the early part of last week, I had the opportunity to conduct an insightful 36-minute interview with Maggie Lake. For those who haven’t had the chance to listen to it, I’ve included it at the conclusion of this article. During this conversation, we delved deep into the current status of the energy sector, where, as Mish aptly put it, it has become an “all hands on deck” situation. According to Mish, there’s a pressing need for every form of energy sourcing in today’s market. However, amidst this urgent call for diverse energy sources, there’s a growing murmur among pessimists…