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Early Q4 US GDP Guesstimate Points To Sharp Economic Slowdown

Early Q4 US GDP Guesstimate Points To Sharp Economic Slowdown

Yesterday’s blowout rise for US economic growth in the third quarter delivered an upside surprise, especially for analysts who remain all in with forecasting recession. But perhaps the warnings will finally find traction via the current run of softer Q4 nowcasts.Before focusing on this year’s outlook for the final quarter, let’s start with Q3’s 4.9% increase […]
Bull Of The Day: Applied Industrial Technologies

Bull Of The Day: Applied Industrial Technologies

Applied Industrial Technologies (AIT)  is a leading industrial distributor that provides critical components, equipment, and value-added services to a wide range of industries, from manufacturing to utilities. With a vast network of suppliers and locations, AIT offers its customers access to a broad product portfolio, including bearings, power transmission components, fluid power components, and industrial supplies.Applied Industrial […]
Will Gold Mining Stocks Look Past Q3?

Will Gold Mining Stocks Look Past Q3?

Gold mining stock charts have not yet confirmed a sustainable rally, and Q3 fundamentals may be a headwind.We have used this daily chart of the gold stock ETF, GDX in written and video updates to keep NFTRH subscribers apprised of the progress of the bounce from the early October low (after previously using the chart to manage […]
Former Tech Exec Warns U.S. Can’t Halt China’s Chip Advances

Former Tech Exec Warns U.S. Can’t Halt China’s Chip Advances

In a bold counter to the Biden administration’s semiconductor restrictions aimed at curtailing China’s development of sophisticated chips for potential military use, Huawei Technologies Co. struck back with a bang in late August, unveiling the Mate 60 Pro equipped with cutting-edge domestic chips. Now, a former high-level chip insider has revealed to Bloomberg, delivering a stark […]
GBP/JPY Forecast: The Dragon Continues To Chop

GBP/JPY Forecast: The Dragon Continues To Chop

The Bank of Japan (BoJ) is actively working to stabilize the Japanese yen. However, their commitment to maintaining low interest rates may inadvertently contribute to a weaker yen in the long run.  The British pound exhibited initial signs of weakness during Thursday’s trading session, dropping slightly before finding support around the ¥181 level, which subsequently […]
Four Scenarios For Thursday’s Bank Of England Meeting, With Another Pause Likely

Four Scenarios For Thursday’s Bank Of England Meeting, With Another Pause Likely

We expect the Bank of England to keep rates on hold for a second consecutive month. Inflation is still too high, but we expect more progress over the coming months and that should enable some gradual rate cuts from the summer next year. Four scenarios for the November Bank of England meeting Market forecasts based […]
These 3 AI Stocks Offer Great Value But Are Under The Radar For Now

These 3 AI Stocks Offer Great Value But Are Under The Radar For Now

Image Source: Pixabay After reaping the benefits from the artificial intelligence (AI) hype, Nvidia (Nasdaq: NVDA) stock is down 13% since the end of July. Yet, the demand for generative AI is so strong that the GPU maker is still up 184% year-to-date. This suggests that NVDA’s price is in the correcting stage of its overbought […]
U.S. Bombs Syria As Gold Breaks $2,000, Silver Lags, Mining Stocks Baffle

U.S. Bombs Syria As Gold Breaks $2,000, Silver Lags, Mining Stocks Baffle

Image Source: Unsplash It’s getting close to pandemonium in the Middle East as the United States has just bombed Syria “in self defense” of its armed forces, which happen to be stationed in Syria for entirely peaceful reasons. These actions apparently are “separate and distinct from the ongoing conflict between Israel and Hamas”, according the Secretary […]
Fed’s Inflation Gauge Rises At The Fastest Pace In Five Months

Fed’s Inflation Gauge Rises At The Fastest Pace In Five Months

Image Source: Pexels Stocks are attempting to recover from recent selloffs as market players engage in aggressive dip buying of technology shares. Positive earnings reports from Amazon and Intel are certainly helping the bull case. Economic data this morning, meanwhile, depicted a consumer whose pace of spending exceeded income by a wide margin. The consumer spending, […]
Industrial Stocks Are The New Growth Stocks

Industrial Stocks Are The New Growth Stocks

Image Source: Pixabay The world’s major industrial companies are approaching a tipping point that is beginning to transform the fortunes of the major players.One example is the digitalization drive that is transforming the fortunes of industrial automation giants such as Honeywell International (HON), making them more profitable and less vulnerable to market cycles, according to ratings agency Moody’s.The […]