AMT Top Ten Miscellaneous Nibbles for the 1st of December
10. Book: Kissinger: 1923 – 1968: The Idealist by Neill Ferguson
9. Music: Clifford Brown and Max Roach Quintet playing Joy Spring.
8. Bitcoin: Curious stubborn trend higher as ETF fever appears to be creating bets on perceived ‘forced’ upwards momentum. BTC/USD now above 38,000.00.
7. Charlie Munger: Passed away earlier this week. Extremely well regarded as a man and helped create the Berskshire Hathaway colossus.
6. Crude Oil: Cash price of WTI Crude Oil remains stable and hovering above mid-term support after OPEC and associates announced voluntary production reductions yesterday.
5. Data: While U.S GDP numbers came in with solid growth statistics on Wednesday, yesterday’s U.S Core Personal Consumption Expenditures results came in below last month’s data showing inflation is eroding.
4. Gold: The precious metal remains above 2000.00 USD in a rather strong fashion, short-term speculation has been vigorous. Caution is advised for day traders.
3. Jerome Powell: The Federal Reserve Chairman will be speaking in Atlanta later today and his comments while participating in a ’roundtable’ discussion could affect behavioral sentiment going into the weekend.
2. USD: Outlooks via tier 1 financial institutions and larger players keeping the ‘greenback’ weaker and near mid-term support against other major currencies, price velocity should be watched.
1. U.S Indices: Dow Jones Industrials touching highs not seen since January 2022. S&P 500 and Nasdaq Composite within sight of July 2023 apex levels, and if penetrated upwards would also bring these indices to heights of late 2021 and early 2022, this as risk appetite demonstrates backbone.
You can find more AMT Top Ten Miscellaneous lists in the AngryMetaTraders archive