3 Things

Each week, we share 3 things happening in the markets that you may have missed.

  • June 17-21: Superman Flies Again, Nvidia Takes the Lead, Fisker Goes Bankrupt

    The upcoming Superman Legacy movie began filming in Cleveland, Ohio this week. According to Screen Rant, director James Gunn took inspiration from the 2005-208 comic book run of All-Star Superman, where Superman is near death due to overexposure to the sun’s rays. It’s also rumored that Superman will be teaming up with “The Authority’, a team of cynical superheroes known for their moral ambiguity.

    The just published issue of The Socionomist dives into the link between Superman’s rise to popularity with social mood, and what this darker take on the Man of Steel may mean for the markets.

    To Read the latest issue of The Socionomist, check out the Socionomic Premier Membersip.


    Nvidia has been dominating financial news headlines recently as it just passed Apple and Microsoft to become the most valuable publicly traded company

    Trader’s Classroom contributor Tony Carrion just recorded a new lesson on why Nvidia’s fundamentals don’t matter. To see what’s really happening with Nvidia, you need to focus on its Elliott wave count.

    Tony says to “make sure that you are really observing key levels and so forth so that you keep yourself out of trouble” before you pull the trigger on that next Nvidia trade.

    Check out what else Tony had to say about Nvidia and other Elliott Wave trading lessons.


    Electric vehicle startup Fisker filed for bankruptcy this week. The company is looking to sell its assets after the poor performance of its new SUV. Fisker becomes the latest in a long line of auto companies to collapse under the weight of the ever-growing EV market.

    The March issue of our Elliott Wave Financial Forecast showed a stunning chart of the S&P Kensho Electric Vehicles Index said: “The state of the electric car industry is a cautionary tale that artificial intelligence backers might want to heed.”

    For more on the future of EV and AI, check out the Financial Forecast Service.

  • June 10-14: Musk’s Big Pay Day, Home Hunting Woes, No Surprise with the FED

    Elon Musk is set to receive a big payday. According to Reuters, and Elon, “Tesla shareholders were set to approve Elon Musk’s $56 billion pay package in what is being seen as a thumbs-up to his leadership – and an enticement for keeping his focus on the electric vehicle maker.” Elon posted on his social media platform, X, charts that showed the vote to pay himself and relocate the company headquarters to Texas, would pass by large margins.

    In the May issue of our Financial Forecast, editor Steven Hochberg commented on the loyalty of “Tesla diehards.” 

    “Vanda Research reports that amidst a decline of 44% from January to April of this year, individual investors poured a net $5.9 billion more into Tesla shares. As one acolyte says, “I trust Elon Musk.” As EWFF explained in February 2023, Musk is a bull market hero whose image is linked to the uptrend in stocks.”

    How long will Elon’s hero status last? Check Financial Forecast for answers.

    To Read Steve’s full commentary on Elon Musk and more check out our Financial Forecast Service


    Looking to purchase a home? A new report from the American Enterprise Institute Compared first time home buyers from 2013 to 2023. The report showed that in 2013 the average income requirement of a first-time home buyer was $75,000. Now in 2023 the average income requirement has jumped to 116,000. That means the 5% downpayment has nearly doubled going from 7,000 to 13,000. And what about the average home price? Well, it has almost doubled from around $233k in 2013 to $406k in 2023. What’s going on in real estate?

    In our new special release, “the (Un)Real Estate Report,” we check the vital signs of property markets in the U.S., U.K., Germany and China to help you understand the true current state of global real estate — and be better prepared for what’s likely next. You can get instant access inside Club Elliott Wave.


    This week the Fed kept its key interest rate unchanged and announced that only one cut is expected by the end of the year. The Federal Open Market Committee anticipates a more aggressive rate cutting path for 2025 with 4 reductions expected.

    Murray Gunn, Head of global research at EWI, appeared on Wave Length ahead of the meeting and dove deep into how the Fed has no bearing on what the market does, it only follows.  His advice is if you want to “Survive ‘till ’25, don’t rely on the Fed.”

    Watch Murray’s Interview on Wave Length to hear all his thought on the FED and where interest rates may be heading.

  • May 27-31: Trump Guilty, Big Oil’s 17 Billion Dollar Deal and Hope for China’s Housing Market?

    1

    Our May Socionomist (published May 22nd) states, “Social mood regulates voters’ perception of leaders… look for a bump in Biden’s polling numbers vs. trump in coming weeks.” Check the new issue for more.

    To learn more about Socionomics, check out our Socionomic Premier Membership.


    2

    Steven Craig, EWI’s Chief Energy Analyst, just published updated charts and commentary in our Global Market Perspective saying, “M&A (Merger and Acquisition) activity within the oil & gas industry has been heating up and the wave patterns suggest that big moves lie ahead for both oil and natural gas.”

    To read Steve’s commentary on the mergers in the energy markets, subscribe to our Global Market Perspective just published today.


    3

    In This Month’s Asian Pacific Financial Forecast, Mark Galesiewski shows a chart that illustrates how there may be hope for the Chinese housing market, but it has nothing to do with government intervention. It all comes down to the Elliott waves.

    Checkout Marks comments on China and other Asian Pacific markets in our Asian Pacific Financial Forecast.

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