Anthony Scaramucci, former White House communications director and founder of SkyBridge Capital, has warned that a proposed capital tax on unrealised gains could severely damage US capital markets. In an exclusive interview with Saxo for their US Election Hub, Scaramucci expressed scepticism over the feasibility of the tax, introduced by Kamala Harris, suggesting it would struggle to gain support even ...
Richard Caring is on the verge of selling The Ivy in a deal worth around £1 billion, marking the first change of ownership for the iconic London establishment in nearly two decades. The billionaire entrepreneur, known as “the King of Mayfair”, is reportedly ready to divest almost all his holdings in The Ivy Collection, which encompasses Ivy cafes, brasseries, and ...
Prominent attorney Alan Dershowitz announced his departure from the Democratic Party, citing several ‘anti-Jewish’ lawmakers that make up the ranks of the party and the recent Democratic National Convention in which Vice President Kamala Harris became the party’s presidential nominee. Speaking with radio host Zev Brenner on ‘Talkline with Zev Brenner,’ Dershowitz cited the DNC, which he said gave legitimacy ...
This week, the market appeared to shift dramatically from “stalling out at all-time highs” to more of a “big time risk-off selloff move” kind of situation. The warning signs were building in August, but, so far, September is ringing all kinds of market topping alarm bells. Let’s review three key charts that tell the story of this shift in investor sentiment. Weaker ...
Which of these things is not like the others? The economy. The border. Abortion. Foreign policy. The first three are issues many voters consistently tell pollsters are the subjects most important to them in 2024. Foreign policy? Dwarfed by the others. In fact, recent Fox polling shows that foreign policy decisions were the most important subjects to only 3% of ...
In this StockCharts TV video, Mary Ellen reviews the current downtrend taking place in the S&P 500 and Nasdaq, and highlights the “uninverting” yield curve. She finishes with a deep dive into Nvidia, sharing how to handle the stock depending on your investment horizon. This video originally premiered September 6, 2024. You can watch it on our dedicated page for Mary Ellen on StockCharts ...
After a week of wavering action, the stock market made a directional move—a lot lower—after Friday’s jobs data. Investors are concerned about the economy, and the narrative has switched from inflation worries to thinking that perhaps the Fed is too late in cutting rates. Today’s MarketCarpet shows a lot of red. It will be interesting to see how much the Fed ...
Political headwinds have recently shifted in eight close House races around the country. With less than two months until Election Day, Democrats continue to ride a wave of enthusiasm for their new presidential nominee. Six races have shifted in Democrats’ favor, while just two are looking better for Republicans, according to a nonpartisan analysis by the Cook Political Report. Meanwhile, ...
Israel Prime Minister Benjamin Netanyahu is making clear that his forces will not agree to Hamas’ demands to vacate Gaza, for two crucial reasons – overall national security and ensuring the safe return of the remaining hostages still in Hamas captivity. Concerns continue to mount that Hamas could look to smuggle some of the remaining 97 Israeli hostages still in ...
We are always on the lookout for chart patterns. We found a bearish head and shoulders developing on Semiconductors (SMH). Looking at the daily chart below we can see the pattern developing. However, we do have to point out participation. Note the very low percentages on %Stocks > 20/50EMAs. These are clearly oversold readings and if we look back at ...