JPMorgan Chase CEO Jamie Dimon on Monday said the U.S. government is inefficient and in need of work as the Trump administration terminates thousands of federal employees and works to dismantle agencies including the Consumer Financial Protection Bureau. Dimon was asked by CNBC’s Leslie Picker whether he supported efforts by Elon Musk’s Department of Government…
There’s been a lot of wild speculation surrounding gold’s bullish run. When you consider a gold investment, you’re likely to think of the more common factors that come into play: inflation, geopolitical uncertainty, and central bank demand. But there’s more to the mix now, especially in light of the Trump…
The complexion of the market is changing. Aggressive sectors which have led the market higher are now beginning to show signs of strain as momentum slowly dissipates and prices turn lower. However, defensive sectors (XLP, XLRE, XLV and XLU) are now leading the market. Typically when this occurs the market…
In the later stages of a bull market cycle, we will often observe a proliferation of bearish momentum divergences. As prices continue higher, the momentum underneath the advance begins to wane, representing an exhaustion of buyers. We’ve identified a series of bearish momentum divergences in the early days of 2025,…
Utilities enter top 5 Last week’s trading, especially the sell-off on Friday, has caused the Utilities sector to enter the top 5 at the cost of Industrials. Based on last Friday’s close, the sector ranking based on the combination of weekly and daily RRG metrics came out as follows: Communication…
A handful of President Donald Trump administration officials are publicly listing their top accomplishments for the previous work week following Department of Government Efficiency Chair (DOGE) Elon Musk announcing federal employees must provide a bullet-point list of work successes before midnight on Monday or risk losing their jobs. ‘Mr. President,…
House Republicans’ mammoth budget reconciliation bill is in peril on Monday evening with at least two GOP lawmakers threatening to vote against it. House GOP leaders are hoping to hold a vote Tuesday on a vast bill advancing President Donald Trump’s priorities on the border, defense, taxes, and energy. But…
As the Trump administration’s DOGE efforts continue to have an impact across government agencies, over 12,000 employees at the General Services Administration are being notified in an agency-wide email Monday evening that a ‘reduction in force’ is underway. In the memo from acting GSA administrator Stephen Ehikian, according to a…
President Donald Trump warned that federal employees who don’t follow new guidance requiring them to report personal productivity could lose their jobs. The effort stems from an email that SpaceX and Tesla CEO Elon Musk spearheaded that asked federal workers to send an email Monday detailing a summary of what…
Billionaire Elon Musk, who’s slashing wasteful government spending with the Department of Government Efficiency (DOGE), said federal workers who fail to respond to his productivity email may be given another chance, but warned if they fail to respond a second time, they’ll be terminated. The Office of Personnel Management (OPM)…