Adam Button

18 hours ago | forexlive.com | Adam Button

It was more of a battle today but the bulls came out ahead. Newsflow was quiet today -- one of the quietest days of the year -- and that allowed the momentum trade to continue to tick higher. Big winners were in megacap tech and the usual retail-driven tech stocks while some biotech stocks were hit by selling. S&P 500 +0.1%Nasdaq Comp +0.7%Russell 2000 -0.8%DJIA -0.2%As you can see there some divergence is creeping in but given the magnitude of recent moves, this was small potatoes.

18 hours ago | forexlive.com | Adam Button

Hedge fund manager David Einhorn is on CNBC: There's not even the beginning of a plan to do anything about the deficit until it's a crisis DOGE talked about $2 trillion in savings, it maybe found $150 billion Tariffs might raise $100 billion I don't understand why the trade deficit is a problem I'll be happy if gold goes to $3500, or $3800 but not if it goes to $30,000 The administration is 'building a retreat' I don't see a great incentive for other countries to really negotiate with the US...

19 hours ago | forexlive.com | Adam Button

For at least the past 25 years, human traders have been anxious about being replaced by machines and yet -- today -- there are more people trading than ever. I'd argue that many of them shouldn't be trading and note that many of the human tasks in markets have been replaced but the future is hard to predict. There is a cottage industry around writing and (mostly) selling trading algos.

19 hours ago | forexlive.com | Adam Button

Goldman Sachs expects core retail sales to rise in April as consumers frontloaded purchases ahead of impending tariffs, while headline retail sales are likely to remain flat due to weak auto sales and falling gas prices. Key Points:Core retail sales forecast: +0.4% m/m, driven by precautionary spending ahead of expected tariff-related price increases. Headline retail sales forecast: Unchanged, as lower auto sales and gasoline prices offset strength elsewhere.

20 hours ago | forexlive.com | Adam Button

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