3 Things

1

Boeing was shaken by negative press again this week when a Singapore airlines passenger died on a 777 Flight. The flight was hit by severe turbulence that resulted in at least 71 people in the hospital and one death. Also, NASA ordered yet another delay for the test flight of Boeing’s Starliner Aircraft, this time because of a helium leak in the plane’s propulsion system. These are only the latest in a long list of headlines about the esteemed aircraft manufacturer’s fall from grace.

The June 2024 issue of The Socionomist takes a deep look at why Boeing’s reliability and reputation are suddenly losing altitude.

To read this month’s just published issue of the Socionomist, check out our Socionomics Premier Membership. Politics, popular culture, disease, family, religion, industry – they are all powered by social mood; so you can prepare for what’s ahead, take advantage of opportunities and dodge risks.

2

All eyes were on Ethereum this week as the SEC ruled whether or not to approve an Ethereum ETF. Prices surged 23% leading up to the decision and “Analysts attributed the move to stalling retail sales data.” Here’s what our Crypto Pro Service told subscribers on May 18 – before the big move:

“Watching to see if ETH can trade aggressively above 3146.98 as evidence for the onset of wave 3.”
EWI founder and CEO Robert Prechter says wave threes are “wonders to behold.”

You can see why in this chart. We’ll see if Ethereum has further to go, or if a short-term top is in, but the answer is in the waves.

Stay updated on where cryptos are going next with our Crypto Junctures service. 2-4 times a week, watch a new, short video showcasing a cryptocurrency juncture supported by compelling Elliott wave evidence. Plus, you’ll get trading tips to help you capture the opportunity.

3

A recent MarketWatch article suggested that only one bear remains on Wall St. – JP Morgan. Its stock, ticker JPM, traded above $200 for the first time ever. So, why the long face? CEO Jamie Dimon recently warned investors of a number of concerns he sees on a global scale, stating, “I’m cautiously pessimistic. I look at the world situation and I’m quite cautious.”

In February, Dimon dumped $150 million in JPM – his first-ever sale. Our March Financial Forecast noted, “insiders sell shares for a number of reasons, but one of them is not because they expect their stock to keep rising.”

Financial Forecast Service helps you stay ahead of the waves in the U.S. markets on the timeframes that matter the most. Join today to stay on top of the opportunities before they happen.