News
![S&P 500 Retracement – Jackson Hole Game Plan: https://www.valuewalk.com/wp-content/uploads/2023/08/STS-1-SP-500-10.jpg](https://www.sharewise.com/rails/active_storage/representations/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBeTUrYXc9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--e0775ac84360104adcb93acf2b9dc9788e574b21/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCam9MY21WemFYcGxTU0lKTXpVd2VBWTZCa1ZVIiwiZXhwIjpudWxsLCJwdXIiOiJ2YXJpYXRpb24ifX0=--aa36f503a05c343bf077379e5dc8bce118d9db18/STS-1-SP-500-10.jpg?locale=us)
S&P 500 Retracement – Jackson Hole Game Plan
Stocks duly reversed the NVIDIA Corp (NASDAQ:NVDA) earnings and guidance euphoria, breaking even 4,425 with ease. Even the old 4,385 support from from many weeks ago, was reached – I didn‘t count
![New Memecoin SINU Aims to Attract SHIB Whales](/assets/news/news12-a6c8e663da6f66e4f8b76885d84b91bc276bfd92fd8727e9ade1f1d9f4df9b67.png)
New Memecoin SINU Aims to Attract SHIB Whales
Dubai, UAE, August 25th, 2023, Chainwire
Sensei Inu, a new memecoin, has launched its presale and onchain analysis suggests that SHIB whales could be claiming their share. Whales exiting SHIB may
![Dr. Reuter Investor Relations - Trotz Wirtschaftsflaute: Digitale Werbung bleibt auf Wachstumskurshttp://www.flickr.com/photos/26137033@N04/2510041943/sizes/m/in/photostream/: All rights reserved by Techreef](https://www.sharewise.com/rails/active_storage/representations/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBcXdCIiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--888d08c604372321f074c93b1f405365eb0a80ac/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCam9MY21WemFYcGxTU0lKTXpVd2VBWTZCa1ZVIiwiZXhwIjpudWxsLCJwdXIiOiJ2YXJpYXRpb24ifX0=--aa36f503a05c343bf077379e5dc8bce118d9db18/Microsoft.jpg?locale=us)
Dr. Reuter Investor Relations - Trotz Wirtschaftsflaute: Digitale Werbung bleibt auf Wachstumskurs
Die Beratungsgesellschaft PwC geht in einer neuen Studie davon aus, dass die globalen Einnahmen aus digitaler Werbung bis 2027 auf 663 Milliarden US-Dollar zulegen werden. Das sind gute
Why Has PayPal Launched A US Dollar Stablecoin?
- The announcement that PayPal launched its own US dollar-backed stablecoin was met with mixed reactions.
- To address the questions around why PayPal has launched PYUSD, FXC Intelligence has today
![Yields Haven’t Given Up: https://www.valuewalk.com/wp-content/uploads/2023/08/STS-4-Crude-Oil-4.jpg](https://www.sharewise.com/rails/active_storage/representations/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBNE4zYXc9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--638f2e518d8a115590d0d7562a9b91ede0e9289b/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCam9MY21WemFYcGxTU0lKTXpVd2VBWTZCa1ZVIiwiZXhwIjpudWxsLCJwdXIiOiJ2YXJpYXRpb24ifX0=--aa36f503a05c343bf077379e5dc8bce118d9db18/STS-4-Crude-Oil-4.jpg?locale=us)
Yields Haven’t Given Up
10y tested the top at 4.33%, and retreated back to the 4.23% support – but S&P 500 kept declining yesterday. The dollar and real assets were though less determined to move correspondingly, which
![S&P 500 To Correct Some More: https://www.valuewalk.com/wp-content/uploads/2023/08/STS-1-SP-500-7.jpg](https://www.sharewise.com/rails/active_storage/representations/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBMUYyYXc9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--03eab1d130b20da8cc2941b12af6eea034c62e59/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCam9MY21WemFYcGxTU0lKTXpVd2VBWTZCa1ZVIiwiZXhwIjpudWxsLCJwdXIiOiJ2YXJpYXRpb24ifX0=--aa36f503a05c343bf077379e5dc8bce118d9db18/STS-1-SP-500-7.jpg?locale=us)
S&P 500 To Correct Some More
If anything, 10y proved it doesn‘t want to top yet at 4.28%, and all the relief rallies in S&P 500 and Nasdaq failed. Orderly day of selling is the proper conclusion when looking at the daily
Will Meta’s Pullback Offer Buy Point After AI-Driven Surge?
Key Points
- Meta’s pivot to AI, away from the Metaverse, has resulted in triple-digit 2023 price growth.
- After a long rally, the stock’s current pullback could offer a new buy point.
- Wall
![Searches For ‘Delete Snapchat’ Explode 1,019%: https://www.valuewalk.com/wp-content/uploads/2023/08/Delete-Snapchat-2.png](https://www.sharewise.com/rails/active_storage/representations/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBMTkxYXc9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--3cc0d1ccfbd52ce99a7ed431c30689c7370a27a9/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCam9MY21WemFYcGxTU0lKTXpVd2VBWTZCa1ZVIiwiZXhwIjpudWxsLCJwdXIiOiJ2YXJpYXRpb24ifX0=--aa36f503a05c343bf077379e5dc8bce118d9db18/Delete-Snapchat-2.png?locale=us)
Searches For ‘Delete Snapchat’ Explode 1,019%
Searches for ‘delete Snapchat’ explode 1,019% as controversial ‘My AI’ feature terrifies users after posting stories and ignoring messages
Online Searches For Delete Snapchat Skyrocket
![S&P 500, Yields Top and China: https://www.valuewalk.com/wp-content/uploads/2023/08/STS-4-Crude-Oil-3.jpg](https://www.sharewise.com/rails/active_storage/representations/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBeDUxYXc9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--b44045d7db08c75b0934ac7f7df7d9464376237e/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCam9MY21WemFYcGxTU0lKTXpVd2VBWTZCa1ZVIiwiZXhwIjpudWxsLCJwdXIiOiJ2YXJpYXRpb24ifX0=--aa36f503a05c343bf077379e5dc8bce118d9db18/STS-4-Crude-Oil-3.jpg?locale=us)
S&P 500, Yields Top and China
Similarly to Thu CPI, S&P 500 couldn‘t maintain a modest retracement following the disappointing manufacturing data, but still strong retail sales. Tech failed to react to the reversal in yields
![MercadoLibre’s Earnings Soar: Robust Growth Story in the Making: https://www.valuewalk.com/wp-content/uploads/2023/05/Stock-Going-Up-300x150.jpeg](https://www.sharewise.com/rails/active_storage/representations/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBNUl1YXc9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--cd7f3956581a0157b2fe41b44c77b973214c8bb5/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCam9MY21WemFYcGxTU0lKTXpVd2VBWTZCa1ZVIiwiZXhwIjpudWxsLCJwdXIiOiJ2YXJpYXRpb24ifX0=--aa36f503a05c343bf077379e5dc8bce118d9db18/Stock-Going-Up-300x150.jpeg?locale=us)
MercadoLibre’s Earnings Soar: Robust Growth Story in the Making
Key Points
- Uruguay-based MercadoLibre boasts a bullish chart and stellar earnings estimates. Analysts expect earnings to more than double this year.
- MercadoLibre’s Q2 fintech revenue
![S&P 500 Bearish Turn: https://www.valuewalk.com/wp-content/uploads/2023/08/STS-3-Gold-6.jpg](https://www.sharewise.com/rails/active_storage/representations/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBOEZ6YXc9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--4975cbaeb75af387c376f29c4830730a4e950ed6/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCam9MY21WemFYcGxTU0lKTXpVd2VBWTZCa1ZVIiwiZXhwIjpudWxsLCJwdXIiOiJ2YXJpYXRpb24ifX0=--aa36f503a05c343bf077379e5dc8bce118d9db18/STS-3-Gold-6.jpg?locale=us)
S&P 500 Bearish Turn
S&P 500 made that tech driven upswing I cautioned you yesterday about, only to keep declining overnight in preparation for retail sales and Emire State manufacturing data. I don‘t see them as
![More S&P 500 Downside, Tuesday: https://www.valuewalk.com/wp-content/uploads/2023/08/STS-1-SP-500-5.jpg](https://www.sharewise.com/rails/active_storage/representations/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBemh5YXc9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--25d03c548fba6bb4de756e5957f124655f01ec68/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCam9MY21WemFYcGxTU0lKTXpVd2VBWTZCa1ZVIiwiZXhwIjpudWxsLCJwdXIiOiJ2YXJpYXRpb24ifX0=--aa36f503a05c343bf077379e5dc8bce118d9db18/STS-1-SP-500-5.jpg?locale=us)
More S&P 500 Downside, Tuesday
PPI above expectations – 0.3% as I predicted – made stocks move higher only to give up all premarket gains, and some. Rotations didn‘t disappoint me – they were weak. What was disappointing, is
![5 Savings Myths To Debunk To Grow Your Personal Finances In 2023: https://www.valuewalk.com/wp-content/uploads/2023/01/grow-your-emergency-savings-300x150.jpeg](https://www.sharewise.com/rails/active_storage/representations/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBNXZyYWc9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--43786ff81067a6ea224a99b3eb6e59570ca122cd/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCam9MY21WemFYcGxTU0lKTXpVd2VBWTZCa1ZVIiwiZXhwIjpudWxsLCJwdXIiOiJ2YXJpYXRpb24ifX0=--aa36f503a05c343bf077379e5dc8bce118d9db18/grow-your-emergency-savings-300x150.jpeg?locale=us)
5 Savings Myths To Debunk To Grow Your Personal Finances In 2023
Feeling stuck in a savings rut despite your penny-pinching strategies? Wondering if some age-old financial wisdom is misleading you?
Unfortunately, personal finance is a subject that receives
![Ethereum-Based BTCX Token Raises $1.5M to Build the World’s First Bitcoin Xin Blockchain](/assets/news/news12-a6c8e663da6f66e4f8b76885d84b91bc276bfd92fd8727e9ade1f1d9f4df9b67.png)
Ethereum-Based BTCX Token Raises $1.5M to Build the World’s First Bitcoin Xin Blockchain
Granite city, U.S. Outlying Islands, August 14th, 2023, Chainwire
BTCX Token, a revolutionary platform inspired by the rebranding of Twitter and the visionary influence of Elon Musk, has secured
![S&P 500’s Decisive Reversal: https://www.valuewalk.com/wp-content/uploads/2023/08/STS-4-Crude-Oil-2.jpg](https://www.sharewise.com/rails/active_storage/representations/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBNlJ3YXc9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--9119dc527d6d95816752782d20afb0d34f1afd6b/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCam9MY21WemFYcGxTU0lKTXpVd2VBWTZCa1ZVIiwiZXhwIjpudWxsLCJwdXIiOiJ2YXJpYXRpb24ifX0=--aa36f503a05c343bf077379e5dc8bce118d9db18/STS-4-Crude-Oil-2.jpg?locale=us)
S&P 500’s Decisive Reversal
3.2% CPI provided enough fuel for an opening S&P 500 spike above 4,535, but the tech-led rally fizzled out without reaching 4,565, which would make a good shorting area (if exhausted there)
![Gold Is Getting At An Interesting Level – CPI Early Clues: https://www.valuewalk.com/wp-content/uploads/2023/08/STS-3-Gold-3.jpg](https://www.sharewise.com/rails/active_storage/representations/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBMGh2YXc9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--77cbf1d7730d34b1030790057bbfa614efddbabf/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCam9MY21WemFYcGxTU0lKTXpVd2VBWTZCa1ZVIiwiZXhwIjpudWxsLCJwdXIiOiJ2YXJpYXRpb24ifX0=--aa36f503a05c343bf077379e5dc8bce118d9db18/STS-3-Gold-3.jpg?locale=us)
Gold Is Getting At An Interesting Level – CPI Early Clues
Yesterday‘s S&P 500 downswing didn‘t last even though the sellers came back strongly before the day was over. Bonds though have recovered, 10y yield is sitting at 4% – the interest rate sensitive
![S&P 500 Bears Repulsed, Briefly: https://www.valuewalk.com/wp-content/uploads/2023/08/STS-4-Crude-Oil-1.jpg](https://www.sharewise.com/rails/active_storage/representations/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBNlp0YXc9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--9a32f7b892f411e3718b96d80f4cbee207b12ced/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCam9MY21WemFYcGxTU0lKTXpVd2VBWTZCa1ZVIiwiZXhwIjpudWxsLCJwdXIiOiJ2YXJpYXRpb24ifX0=--aa36f503a05c343bf077379e5dc8bce118d9db18/STS-4-Crude-Oil-1.jpg?locale=us)
S&P 500 Bears Repulsed, Briefly
S&P 500 reversed mid session, but it would be premature to call for the end of the correction – odds are that following today‘s rebound, which I saw as likely to stall in the 4,535 area as easy
![Online Prices Fall For Eleventh Consecutive Month, Dropping 1.6% In July](/assets/news/news17-d49b9ce9c87babddea210274f0f8d00a1cf706146ef6382020cc7ece83b76f6c.png)
Online Prices Fall For Eleventh Consecutive Month, Dropping 1.6% In July
- Online prices dropped 1.6% compared with July 2022, and 0.9% from June 2023
- Grocery price increases have now slowed for 10 consecutive months
- Categories including appliances
![S&P 500 Correction Here: https://www.valuewalk.com/wp-content/uploads/2023/08/STS-1-SP-500-4.jpg](https://www.sharewise.com/rails/active_storage/representations/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBL0JyYXc9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--5b24ab3e92031f8dd24fafbf9e553075369c0eac/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCam9MY21WemFYcGxTU0lKTXpVd2VBWTZCa1ZVIiwiZXhwIjpudWxsLCJwdXIiOiJ2YXJpYXRpb24ifX0=--aa36f503a05c343bf077379e5dc8bce118d9db18/STS-1-SP-500-4.jpg?locale=us)
S&P 500 Correction Here
S&P 500 did the compulsory little rebound yesterday – one I didn‘t trust from the get go, yet maxed it out for subscribers enjoying also the Intraday Signals. Stocks had been gradually
![Video Game M&A Surges In Q2 2023 With Big-Name Mobile Deals: https://www.valuewalk.com/wp-content/uploads/2023/08/Video-game-MA-2.jpg](https://www.sharewise.com/rails/active_storage/representations/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBL0ZyYXc9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--57d333ce0631de043d452ae97601397d4f668098/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCam9MY21WemFYcGxTU0lKTXpVd2VBWTZCa1ZVIiwiZXhwIjpudWxsLCJwdXIiOiJ2YXJpYXRpb24ifX0=--aa36f503a05c343bf077379e5dc8bce118d9db18/Video-game-MA-2.jpg?locale=us)
Video Game M&A Surges In Q2 2023 With Big-Name Mobile Deals
Quotes from Neil Barbour, associate research analyst at S&P Global Market Intelligence:
“The renewed video game M&A deal activity came as a bit of a surprise as it arrived amid a legal battle
![Xsolla and Crypto.com Partner to Integrate Payment Solutions: https://www.valuewalk.com/wp-content/uploads/2023/08/crypto_1_1691436502a0OeHMdSCb-300x180.jpg](https://www.sharewise.com/rails/active_storage/representations/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBOUJxYXc9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--641743f82e3468179be253ab1c9905f2dbeeae4a/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCam9MY21WemFYcGxTU0lKTXpVd2VBWTZCa1ZVIiwiZXhwIjpudWxsLCJwdXIiOiJ2YXJpYXRpb24ifX0=--aa36f503a05c343bf077379e5dc8bce118d9db18/crypto_1_1691436502a0OeHMdSCb-300x180.jpg?locale=us)
Xsolla and Crypto.com Partner to Integrate Payment Solutions
LOS ANGELES, United States, August 8th, 2023, Chainwire
Xsolla, a global video game commerce company, and global cryptocurrency platform Crypto.com have announced a partnership for the integration
Kai Cenat Liable For Harms in NYC Giveaway
Kai Cenat Liable For Harms in NYC Giveaway; He Was Obviously Negligent, Injuries and Damages Were Foreseeable
Kai Cenat May Be Found Legally Liable For Injuries And Property Damage
![S&P 500 Uptrend Questioned: https://www.valuewalk.com/wp-content/uploads/2023/08/STS-1-SP-500-3.jpg](https://www.sharewise.com/rails/active_storage/representations/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBemRxYXc9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--9bcb87c245aaf78231e649871c2cdc3cda6b8471/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCam9MY21WemFYcGxTU0lKTXpVd2VBWTZCa1ZVIiwiZXhwIjpudWxsLCJwdXIiOiJ2YXJpYXRpb24ifX0=--aa36f503a05c343bf077379e5dc8bce118d9db18/STS-1-SP-500-3.jpg?locale=us)
S&P 500 Uptrend Questioned
S&P 500 couldn‘t keep the fine rebound as all eyes were on “good that the job market is still OK, but maybe the Fed would stop hiking now” interpretation of weaker than expected non-farm payrolls
![S&P 500 Uptrend Resumption: https://www.valuewalk.com/wp-content/uploads/2023/08/STS-1-SP-500-2.jpg](https://www.sharewise.com/rails/active_storage/representations/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBNWxvYXc9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--3303a1daea90136d676deeda7a6d24f19a7ed596/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCam9MY21WemFYcGxTU0lKTXpVd2VBWTZCa1ZVIiwiZXhwIjpudWxsLCJwdXIiOiJ2YXJpYXRpb24ifX0=--aa36f503a05c343bf077379e5dc8bce118d9db18/STS-1-SP-500-2.jpg?locale=us)
S&P 500 Uptrend Resumption
S&P 500 reversed right on cue yesterday, and the retreat before Apple Inc (NASDAQ:AAPL) earnings was duly bought. Next, it was up to the run up to the non-farm payrolls – stocks froze with fear for
![S&P 500 Fails To Take Advantage Of Respite In Rising Yields: https://www.valuewalk.com/wp-content/uploads/2023/08/STS-1-SP-500-1.jpg](https://www.sharewise.com/rails/active_storage/representations/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBeUJuYXc9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--e7d182f4b7c28c6d516008f9ba04a344d5d748f7/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCam9MY21WemFYcGxTU0lKTXpVd2VBWTZCa1ZVIiwiZXhwIjpudWxsLCJwdXIiOiJ2YXJpYXRpb24ifX0=--aa36f503a05c343bf077379e5dc8bce118d9db18/STS-1-SP-500-1.jpg?locale=us)
S&P 500 Fails To Take Advantage Of Respite In Rising Yields
S&P 500 couldn‘t take advantage of respite in rising yields after US open as there was no reprieve. No flight to safety to Treasuries to which there‘s no deep enough alternative – yields continued