October 2023 - Page 61 of 71 -

It’s All About Employment

Oct 24, 2023 Jeremy Parkinson Finance 0

“Davidson” submits:If employment is rising, then nothing is broken. There are many ways analysts describe the behavior of markets. The simplest are not complicated and describe long-term (not short-term) relationships. This chart brings together the SP500, employment and Retail Money Fund levels. It is instructive of the current environment.Retail Money Funds are at record levels, […]

Bull Of The Day: NeoGenomics

Oct 24, 2023 Jeremy Parkinson Finance, No picture 0

Photo by Maxim Hopman on UnsplashNeoGenomics (NEO) is a small-cap provider of cancer genetics diagnostics. They boast one of the most comprehensive oncology-focused testing menus in the world to help physicians diagnose and treat cancer.NeoGenomics serves the needs of pathologists, oncologists, academic centers, hospital systems, pharmaceutical firms, integrated service delivery networks, and managed care organizations throughout […]

Earnings Recap: Coca-Cola, Spotify, Raytheon Report Solid Numbers

Oct 24, 2023 Jeremy Parkinson Finance 0

Image Source: Pexels As the earnings season unfolds, investors eagerly anticipate a crucial week ahead that promises to unveil fresh perspectives on corporate giants like Microsoft, Meta, Amazon, and more. Amid this anticipation, Tuesday witnessed an impressive start as Coca-Cola, Spotify, and Raytheon presented robust Q3 results, driving up their stock prices at the opening bell. Coca-Cola’s Q3 Results Shares of […]

FTSE Modestly Positive As Precious Metal Miners Support, Banks Weigh

Oct 24, 2023 Jeremy Parkinson Finance 0

Image Source: Pexels On Monday, the UK’s FTSE experienced relatively stable performance, with gains in mining stocks that were tracking higher metal prices offsetting the drag caused by the shares of Barclays following less-than-stellar quarterly results.The commodity-focused FTSE 100 posteda modest gain of 0.7%. British lender Barclays faced a challenging day, with its shares declining by […]

Miserable Breadth Must Equal SPY Decline

Oct 24, 2023 Jeremy Parkinson Finance 0

S&P 500 refused the premarket decline to the 4,220 support I had been eyeing for quite a while, and didn‘t stop at 4,245 or 4,260. Only 4,280 did the trick, and even if yields were retreating still (10y to the high 4.80s), cyclicals lost their mojo. Starting today, the former three leaders (XLK, XLC and […]

Market Technicals Heading Into Big Tech Earnings

Oct 24, 2023 Jeremy Parkinson Finance 0

The market weight S&P 500 closed just below its 200 DMA Monday as we head into the heart of 3Q23 earnings season with Google (GOOG/GOOGL), Microsoft (MSFT), Facebook (META) and Amazon (AMZN) all reporting earnings this week. As Karen Langley pointed out in Monday’s WSJ (“High Tech Earnings To Test The Market” [SUBSCRIPTION REQUIRED], B1), the […]

Stocks Rebound Ahead Of Busy Week But Can Recovery Hold?

Oct 24, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Sentiment was a little more cheerful in the first half of Tuesday’s session, following Monday’s recovery in stock and bond markets, and the return of the selling in precious metals and oil markets. European indices and US futures were trading higher as yields dipped further lower after the US 10-year could not hold […]

Stock Prices And Bond Yields During Disinflationary, Deflationary, And Reflationary Periods

Oct 24, 2023 Jeremy Parkinson Finance 0

This is an update of a post I wrote almost exactly 10 years ago. I’m doing this because of an important secular change I noticed that appears to have happened in the financial markets.Back when I first started delving into financial markets and economy 30 years ago, I noticed that, dating all the way back […]

Bitcoin And Ethereum: Bitcoin Made A Break Above $35000

Oct 24, 2023 Jeremy Parkinson Finance 0

Bitcoin chart analysisThe price of Bitcoin jumped this morning to the $35198 level, forming its six-month high there. At that level, we encounter resistance and begin a pullback below the $35,000 level. Bearish consolidation is now dragging the price below $34,000, and we are now at the $33,800 level. Based on the current picture, we […]

EUR/USD Technical Analysis: Anticipation Of The Purchasing Managers’ Index Readings

Oct 24, 2023 Jeremy Parkinson Finance 0

The EUR/USD pair may be exposed to selling operations and thus return to the vicinity and below the psychological support level of 1.0500 again. It is expected that the EUR/USD exchange rate will attempt to break out of the technical downtrend this week, but preliminary Eurozone PMI data, the European Central Bank meeting, and the US GDP release […]