Market Talk - Friday, Sep. 26
S&P 500 advanced by 38.98 points (+0.59%) to 6,643.70.
XRP Price Could Drop Sharply: Analyst Highlights Critical Support Level
XRP price faces critical support at $2.70. Analyst warns of potential losses if this level breaks, with a major correction likely ahead.
Stocks Break 3-Day Losing Streak, Still Post Weekly Drops
Boosted by this morning's inflation data, all three major indexes ended their three-day losing streaks.
Klarna Shares Fall Below IPO Price Amid Broader Fintech Weakness
Rising yields, competition, and credit provisions weigh on Klarna’s post-IPO momentum.
Business Cycle Indicators: Employment At Or Below April 2025 Levels, Personal Income Ex-Transfers Below
With the personal income for August, we have the following picture of key indicators followed by the NBER’s Business Cycle Dating Committee (BCDC).
VOO And SPY ETFs: Top Stocks Driving The S&P 500 Index In 2025
The S&P 500 Index and its top ETFs, like the SPY and VOO have surged and moved to their all-time highs this year, helped by the ongoing tailwinds in the artificial intelligence industry.
GDX Super Overbought
Gold stocks have soared in recent months, accruing massive gains. While fully justified fundamentally, such fast rallying has left their leading sector benchmark super-overbought.
Real Disposable Income Up 0.1 Percent in August, Spending Up 0.4 Percent
Consumers spent much more than they made in August.
