Daily Archives: March 3, 2024
Showing articles 1 - 2 (2 total)
04Aug2:43 pmEST
Rough Nights at the Casino
Don't look now, but Las Vegas Sands has almost completely given back the rally off the March 2020 lows in a rapid-fire pace, not unlike a blackjack player seeing his luck turn before fully realizing it. On the zoomed-out LVS daily chart, below, in front of peers MGM and WYNN both reporting earnings tonight (LVS reported two weeks back) price is...
04Aug10:01 amEST
Going Stag
This morning's notable miss on the ADP jobs number saw and interesting reaction, with gold popping and stocks slumping. While this is far from a broad-based bloodbath (see the Nasdaq hanging tough as usual), gold is on the move again, indeed, perhaps indicating a stagflationary interpretation by markets. As you know, the stagflation of the...