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Cloud Stocks: IBM’s Growing Generative AI Investments

Cloud Stocks: IBM’s Growing Generative AI Investments

Photo Credit: Mikita Yo on Unsplash IBM (NYSE: IBM) recently announced strong results for its third quarter. The company continues to grow through investments in generative AI. IBM’s Financials Revenues for the third quarter grew 4.6% to $15.75 billion, surpassing Street’s estimates of $15.73 billion. Adjusted earnings of $2.20 a share was ahead of the analyst estimates of […]
The Energy Report: Spared From The Fire

The Energy Report: Spared From The Fire

Photo by Zbynek Burival on UnsplashOil prices rise as US fighter jets attack so-called Iranian-linked sites in Syria hitting two weapons and ammunition depot as the US sends more troops to the Middle East. This comes as Iran’s Foreign Minister Hossein Amirabdollahian makes threats to the US by saying “If the genocide continues in Gaza, […]
Spot Gold Up Over 6% In 30 Days And Likely To Hit $2,000

Spot Gold Up Over 6% In 30 Days And Likely To Hit $2,000

Image Source: Pexels Spot gold prices shot up more than 6% in the past 30 days as tough macroeconomic and geopolitical circumstances highlighted by rising Treasury yields, the Israel-Hamas war, and US debt turmoil increased the appeal of safe-haven assets. Meanwhile, gold futures crossed the $2,000 mark on Thursday for the first time in two months.  Gold Futures Hit $2,000 […]
Frost & Snow Ahead – The Corn & Ethanol Report

Frost & Snow Ahead – The Corn & Ethanol Report

Photo by Demian Tejeda-Benitez on UnsplashWe kickoff the day with Core PCE Prices MoM & YoY, Personal Income MoM, Personal Spending, and PCE Price Index MoM & YoY at 7:30 A.M., Fed Barr Speech at 8:00 A.M., Michigan Consumer Sentiment Final, Michigan 5-Year Inflation Expectations Final, Michigan Consumer Expectations Final, Michigan Current Conditions Final, and Michigan Inflation […]
Real Disposable Personal Income Drops For The Third Month But Spending Jumps

Real Disposable Personal Income Drops For The Third Month But Spending Jumps

Personal Income and Outlays from the BEA, annotations by Mish Weak Income, Strong SpendingThe Personal Income and Outlays report for September repeats the central theme for several months, weak income but strong spending anyway. Personal Income Personal income increased $77.8 billion (0.3 percent at a monthly rate) in September. Disposable personal income (DPI), personal income less personal […]
Federal Reserve Set To Pause Again As The Market Does The Heavy Lifting

Federal Reserve Set To Pause Again As The Market Does The Heavy Lifting

The sharp move higher in longer-dated Treasury yields has created a meaningful tightening of financial conditions. This affords the Fed time to wait and assess whether its policy is restrictive enough to bring inflation back to target. We think it already is.Fed Chair, Jerome Powell Market moves mean the Fed can afford to wait The […]
Analytical Overview Of The Main Currency Pairs – Friday, October 27

Analytical Overview Of The Main Currency Pairs – Friday, October 27

The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0565 Prev Close: 1.0561 % chg. over the last day: -0.04 % The dollar index gained 0.11% on Thursday. Bullish factors were generally strong economic news from the US and safe-haven demand amid a sharp sell-off in equities, as well as due to the escalating conflict in […]
S&P 500 Earnings Dashboard 23Q3 – Friday, Oct. 27

S&P 500 Earnings Dashboard 23Q3 – Friday, Oct. 27

Image Source: Pexels S&P 500 Aggregate Estimates and Revisions The 23Q3 Y/Y blended earnings growth estimate is 4.3%. If the energy sector is excluded, the growth rate for the index is 9.7%. Of the 245 companies in the S&P 500 that have reported earnings to date for 23Q3, 77.6% reported above analyst expectations. This compares to a long-term average of 66%. The 23Q3 Y/Y blended revenue growth estimate is 1.4%. If the […]
First Downside Target Reached

First Downside Target Reached

S&P 500 attempted to close the opening gap, was rejected, and slid through my first (intraday) downside target of 4,155, and as it became obvious thanks to bond price action that a rebound was developing, I called off the shorts to your benefit both intraday with last two day‘s tally of +66 e-mini ES points, and also […]
USD/JPY Price Loses Steam Above 150.0, Eyes On US PCE

USD/JPY Price Loses Steam Above 150.0, Eyes On US PCE

The USD/JPY price is trading in the red at 150.01. After the last rally, a downside correction was due. Still, the bias is bullish despite temporary retreats.Yesterday, the price registered sharp movements in both directions, signaling an indecision. The DXY’s short-term retreat weakened the greenback, while the Japanese Yen Futures helped the Yen.Surprisingly or not, […]