October 2023 - Page 50 of 71 -

SPX 200-D MA Games

Oct 25, 2023 Jeremy Parkinson Finance 0

S&P 500 was slowly and steadily crawling higher through 4,260 till 4,280, but even in the run up to GOOG and MSFT earnings, made it to 4,290 only. The key event was Blinken‘s statement on Iran, fitting well with the path of escalation I described in Sunday‘s extensive article. ES declined to 4,245, but had trouble breaking […]

A Case Of Overkill

Oct 25, 2023 Jeremy Parkinson Finance 0

Image source: Pixabay It is not just rapid hikes in the overnight rate (525 basis points in 18 months by the US Fed and 475 basis points in Canada), which are contracting credit and slowing spending through the real economy. The drop in equity and bond prices, along with the jump in fossil fuel costs and […]

Real Rates Drive Stock Prices

Oct 25, 2023 Jeremy Parkinson Finance 0

Our Daily Market Commentary provides market insight, analyzes economic and financial news, and highlights a few graphs worthy of discussion. Occasionally, we stumble upon a graph that deserves more than the paragraph or two we typically allot in the Commentary. The chart below, courtesy of SoFi and Bloomberg, is one example. It compares real rates and stock […]

Analytical Overview Of The Main Currency Pairs – Wednesday, October 25

Oct 25, 2023 Jeremy Parkinson Finance 0

The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0661 Prev Close: 1.0589 % chg. over the last day: -0.67 % On Tuesday, economic news from the US supported the dollar after the US manufacturing PMI for October unexpectedly rose to 50.0, a 6-month-high, stronger than expectations of a decline to 49.5. As a result, EUR/USD declined by 0.67% on […]

Does The Confidence Index Say We’re In A Recession?

Oct 25, 2023 Jeremy Parkinson Finance 0

Title of the last Conference Board post on the index reads: “Expectations Index Declined for the Second Straight Month, Sinking Back Below Recession Threshold”. Here’s a picture of this index, compared against the University of Michigan Consumer Sentiment index.Figure 1: University of Michigan Consumer Sentiment index (blue), and Conference Board Consumer Confidence index (tan). NBER defined peak-to-trough […]

S&P 500 Earnings Dashboard 23Q3 – Wednesday, Oct. 25

Oct 25, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash S&P 500 Aggregate Estimates and Revisions The 23Q3 Y/Y blended earnings growth estimate is 2.6%. If the energy sector is excluded, the growth rate for the index is 7.4%. Of the 146 companies in the S&P 500 that have reported earnings to date for 23Q3, 80.1% reported above analyst expectations. This compares to a long-term average of 66%. The 23Q3 Y/Y blended revenue growth estimate is 1.2%. If the […]

Bitcoin And Ethereum: Bitcoin Remains Stable Above $33500

Oct 25, 2023 Jeremy Parkinson Finance 0

Bitcoin chart analysisYesterday’s Bitcoin price pullback was halted at the $33500 level. After that, the price starts a bullish consolidation and climbs above the $34,000 level. We are currently very close to climbing above the $34200 level and thereby confirming the bullish supremacy. Potential higher targets are $34800 and $35200 levels.We need a negative consolidation and price […]

Boeing Posts Another Earnings Miss But Stock Up 22% In 12 Months

Oct 25, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Boeing (NYSE: BA) published yet another disappointing quarterly report on Wednesday, revealing a wider-than-anticipated loss in the period. This is the company’s 15th earnings miss out of the past 20 quarters, but the stock remains up more than 22% over the past 12 months. Boeing’s Defense Business Posts $924 Billion Loss Boeing’s shares fell 2.3% […]

Eurozone Bank Lending Remained Weak In September

Oct 25, 2023 Jeremy Parkinson Finance 0

Bank lending maintained its trend of stagnation in September, confirming the view that the impact of higher rates on the economy has been significant. For the ECB, this is a sign that policy is working. On the back of weak economic and lending data, tomorrow’s meeting will likely see more dovish impulses.Image Source: Pixabay The year-on-year […]

GBP/JPY Forecast: Faces Volatility Amidst Consolidation Against Yen

Oct 25, 2023 Jeremy Parkinson Finance 0

In the end, the GBP/JPY pair is currently navigating a turbulent period of consolidation, driving traders a bit crazy.In the recent trading session, the British pound made an initial attempt to rally against the Japanese yen, only to relinquish its gains swiftly, underscoring the ongoing turbulence in the market. GBP/JPY, a pair highly sensitive to risk […]