VanEck Gold Miners (GDX): Gained 95% in one year amid geopolitical tensions from the conflict with Iran. Gold miners benefit from operating leverage when gold prices rise, but higher oil costs simultaneously compress margins. GDX Concentration Risk: Three holdings represent almost a third of the portfolio. The analyst who called NVIDIA in 2010 just named…
Bitcoin Market Dominance Increases Amid ETF Boom: Time to Trade Dollar for Digital Gold? Bitcoin, often referred to as digital gold, is asserting its dominance in the cryptocurrency space, capturing more than 55% of the $2.4 trillion market. This surge comes on the heels of the notable success of recently introduced spot exchange-traded funds (ETFs)…
The S&P 500, a widely followed stock index, is headed for its first three-month losing streak since the start of the COVID-19 pandemic in March 2020. This signifies a notable shift in market dynamics. Throughout this year, the tech-heavy Nasdaq has shown remarkable growth, up more than 22%. However, the broader S&P 500 and the…
Despite the stock market’s strong performance this week, there are growing fears about the earnings outlook for American companies. A significant number of companies offering guidance for the next quarter and beyond have offered estimates that are below analyst expectations. This has led to a forward guidance indicator, which compares corporate forecasts to the Wall…
