Nasdaq 100 Elliott Wave Weekly Update - Sunday, Feb 8
In this week's podcast, I discuss the recent volatility in the markets, noting large declines followed by a significant rally on Friday.
PepsiCo Bounces From Blue Box Aiming $215 Next
The stock broke upside last week after spending the Q4 2025 in a corrective pullback following a bullish reaction to the blue box in the previous months.
Wedbush: Buy These Two ‘Still Overvalued’ Stocks Amidst Software Rout
Amidst a "software apocalypse" sparked by Anthropic's new AI agents, Wedbush analyst Dan Ives identifies Palantir and CrowdStrike as top buys. Despite their high valuations, he views the current rout as a "table pounder" opportunity.
Trump Imposes Secondary Tariffs, Reaching 25%, On Countries Still Importing From Iran
Muscat mediation between the US and Iran ended Friday after eight hours, but the US State Department announced new sanctions immediately following the talks. The swift move underscores a "negotiation via pressure" strategy despite Omani efforts.
USDA Forecasts Near Constant Farm Cash Income…As Long As We Dole Out $44.3 Billion
The USDA forecasts stable farm cash income for 2026, but only if the government provides $44.3 billion in direct assistance. Without this massive "dole," the agricultural sector would face a significant revenue shortfall.