Streetbeat News

Economic Data

SPY

A probit-based economic model suggests only a 5% probability of a US economic contraction, despite recent stock market corrections. The potential evolution of tariff risks could rapidly change this assessment, necessitating daily risk evaluations.

Portfolio Pulse from

March 21, 2025 | 12:00 am

BTCUSD

CryptoQuant's latest report reveals Bitcoin's Bull Score Index has dropped to 20, the lowest level since January 2023, suggesting a weakening market environment. The index, which measures market conditions across ten indicators, indicates potential bearish conditions and raises concerns about a possible extended market correction.

Portfolio Pulse from

March 20, 2025 | 10:00 pm

AGG

LQD

The Federal Reserve's recent communication has led to mixed market reactions. While Wednesday initially sparked risk appetite, Thursday saw a retreat, particularly in corporate bond ETFs. Analysts are now suggesting that interest rate cuts might not materialize in 2025, indicating a potentially prolonged period of higher rates.

Portfolio Pulse from

March 20, 2025 | 9:30 pm

CCL

Carnival Corp. is preparing to report its first-quarter earnings, which will provide crucial insights into consumer confidence and travel industry health. Analysts expect management to maintain positive booking trends, with load factors projected at 104% for Q2 and 106% for the second half of the year. The earnings report will be closely watched for potential signs of economic strain.

Portfolio Pulse from

March 20, 2025 | 9:30 pm

AAAU

The article discusses the current performance of gold, noting its continued rise in 2025 and the positive impact this is having on gold mining companies. The newsletter suggests exploring investment opportunities in gold-related ETFs, comparing investments in gold miners versus gold itself.

Portfolio Pulse from

March 20, 2025 | 9:30 pm

XAUUSD

Gold reached a new record high of $3,058 but is experiencing a potential slowdown in momentum. Technical analysis suggests the asset is in an overbought condition, with resistance zones around $3,080. Despite potential short-term pullback risks, the overall trend remains bullish with a pattern of higher lows and higher daily highs.

Portfolio Pulse from

March 20, 2025 | 9:00 pm

BNO

Crude oil prices showed strength, breaking above the 20-Day Moving Average and a key trendline, reaching an 11-day high. The weekly chart suggests a potential bullish continuation with a possible price target around $69.87 to $70.81, supported by technical indicators and chart patterns.

Portfolio Pulse from

March 20, 2025 | 9:00 pm

SPY

DoubleLine Capital CEO Jeffrey Gundlach predicts a 50-60% chance of recession in the coming quarters, advising investors to upgrade portfolios and diversify internationally. He has reduced leverage in his funds and suggests moving investments away from U.S. securities towards Europe and emerging markets.

Portfolio Pulse from

March 20, 2025 | 9:00 pm

PPC

PRMB

PRRFY

Three consumer food and beverage stocks - Pilgrim's Pride (PPC), Primo Brands (PRMB), and Premier Foods (PRRFY) - are highlighted as attractive investments during potential economic volatility. These stocks are Zacks Rank #1 (Strong Buy), have shown significant growth, and offer attractive valuations.

Portfolio Pulse from

March 20, 2025 | 8:45 pm