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Archives by Year:
Blowout 4.9 Percent Increase In GDP But Real Disposable Income Declines 1.0 Percent
GDP rose 4.9 percent in the first estimate of 3rd-quarter GDP. But real disposable income decreased 1.0 percent.Real GDP from the BEA, chart by Mish GDP vs GDI Chart Notes Real means inflation adjusted GDP is Gross Domestic Product GDI is Gross Domestic Income Real Final Sales is the bottom line assessment of GDP. It […]
Chart Of The Day: Eli Lilly – Big Profits In Big Pharma
The Chart of the Day belongs to the pharmaceutical giant Eli Lilly (LLY). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price […]
Bear Of The Day – Winnebago
Winnebago Industries, Inc. (WGO) is adjusting to the post-pandemic market for outdoor recreation. This Zacks Rank #5 (Strong Sell) is expected to see a double digit earnings decline this year.Winnebago is a North American manufacturer of motorhomes, travel trailers, fifth-wheel products, pontoons, inboard/outboard and sterndrive powerboats and commercial community outreach vehicles. Its brands including Winnebago, Grand […]
Weak Corporate Reports From Tech Companies Weigh On Stock Indices. Japan’s Nikkei 225 Is Falling As The Yen Rises Above 150
Photo by Isaac Smith on UnsplashAs of Wednesday’s stock market close, the Dow Jones Index (US30) was down by 0.32%, while the S&P 500 Index (US500) decreased by 1.43%. The NASDAQ Technology Index (US100) closed yesterday negative by 2.43%. Stock indices declined yesterday amid disappointing earnings results from major technology companies. Alphabet (GOOG) shares fell more than 9% after reporting weaker-than-expected cloud […]
GBP/USD Outlook Bearish But Desperate Bulls Could Hang Around For A While
The GBP/USD was unable to hold onto the small gains it made last week and on Monday, falling back in the last couple of days to remain rooted in the low 1.20s around 1.2130 at the time of writing. However, with both the Fed and BoE rate decisions to come in the week ahead, it […]
GBP/USD Forecast: Faces Downward Pressure Amidst Challenging Conditions
In the end, the British pound faces ongoing downward pressure amidst challenging economic conditions and geopolitical uncertainty. The GBP/USD embarked on an initial rally during Wednesday’s trading session but swiftly surrendered those gains, succumbing to persistent downward pressure. As market dynamics continue to unfold, it appears that a bearish flag pattern is in the making. The crucial […]
Rising Treasury Yields Put A Damper On The Impact Of Tech Earnings
Several mega-cap companies reported their quarterly earnings for Q3 over the past two weeks, with the majority posting better-than-expected results. However, the stock market hasn’t been very kind in response to those results; this pessimistic investor reaction came from unfavorable macroeconomic circumstances highlighted by record-high Treasury yields and persisting conflicts in the Middle East. Freepik S&P 500 Down 7% from 2023 […]
USD/JPY Forecast: Marks Fresh 2-Week High Amid Rising Yields
Thursday’s USD/JPY forecast points to bullish sentiments as the greenback stands tall, lingering near a two-week peak, powered by the surge in Treasury yields. Simultaneously, the Japanese yen surpassed 150 per dollar, leaving traders apprehensive about potential intervention.Notably, the Japanese yen hit a new one-year low of 150.48 per dollar. The level is not far […]
Tensions Run High Ahead Of ECB Meeting And US Q3 GDP As JPY150 Breached
Overview:The market is on edge. Anxiety is running higher. It is partly geopolitics, and it is partly market stresses. The dollar is holding above JPY150 but so far, no reports or signs of intervention.FreepikBank shares are under pressure. An index of Japanese banks has fallen for five of the past six sessions and are off […]
Elliott Wave Technical Analysis: Meta Platforms Inc – Thursday, October 26
Meta Platforms Inc., Elliott Wave Technical AnalysisMeta Platforms Inc., (META:NASDAQ): 4H Chart 26 October 23META Stock Market Analysis: We were looking for continuation higher into wave (5) after the triangle in wave (4), however we nearly reached wave count invalidation and as momentum indicators suggest we could have topped in wave (5).META Elliott Wave Count: Wave (5) […]
