A powerful contrarian buy signal has been triggered, indicating a rally ahead in the short run, according to Bank of America’s tried-and-true market indicator.
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Bank of America’s reliable market-timing tool has been triggered, signaling short rally ahead
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AMD is down 9% after reporting earnings. Here’s why
Chipmaker Advanced Micro Devices (AMD) dropped 9% in early market premarket trading on Wednesday after its first-quarter forecast fell short of some analyst expectations. AMD reported revenue of $10.27 billion for the fourth quarter that topped LSEG consensus estimates of $9.67 billion on Tuesday. The company said it expects $9.8 billion in revenue for the […]
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Chinese solar stocks rally on reports Elon Musk’s Space X, Tesla staff visited suppliers
A car travels past photovoltaic panels at the Al Dhafra Solar project, constructed by Electricite de France SA (EDF) and Jinko Power Technology Co. Ltd., in Abu Dhabi, United Arab Emirates, on Tuesday, Jan 31, 2023. Christopher Pike | Bloomberg | Getty Images Shares of Chinese solar panel makers surged Wednesday after local media reported […]
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We’ve been here before: What gold’s past bull runs — and sell-offs — tell us about where it could go next
Precious metals remained in recovery mode on Wednesday morning, with prices rising off the back of a historic sell-off. By 3:45 a.m. ET, spot gold was edging toward a rise of 3%, settling at around $5,079.4 an ounce. New York gold futures jumped 3.3% to $5,093.80. XAU= 1Y line Gold price Gold — typically viewed […]
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