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The FTSE Finish Line – Thursday, Nov. 16

The FTSE Finish Line – Thursday, Nov. 16

Image Source: Unsplash  On Thursday, the UK’s blue-chip FTSE 100 index experienced a slight decline following a three-day streak of gains. The index slipped by 0.6%. In the previous session, the FTSE 100 had reached a near one-month high, driven by easing inflation figures that raised hopes of the Bank of England concluding its interest rate […]
Russell 2000 Earnings Dashboard 23Q3 – Thursday, Nov. 16

Russell 2000 Earnings Dashboard 23Q3 – Thursday, Nov. 16

Image Source: Pexels  Russell 2000 Aggregate Estimates and Revisions The 23Q3 Y/Y blended earnings growth estimate is -10.9%. If the energy sector is excluded, the growth rate for the index is -7.5%. Of the 1,686 companies in the Russell 2000 that have reported earnings to date for 23Q3, 61.0% reported above analyst expectations. The 23Q3 Y/Y blended revenue growth estimate is -3.0%. If the energy sector is excluded, the growth rate for […]
Silver Remains In Uptrend, As 10Y US Treasury Notes Can Be Bottoming

Silver Remains In Uptrend, As 10Y US Treasury Notes Can Be Bottoming

10Y US Treasury Notes turned higher at the end of 2022 when the USD dollar turned down because of lower US yields, on speculation that FED is approaching the end of a hiking cycle. However, treasuries hits resistance and come back lower again as FED is looking for one or two more hikes. Ideally, price […]
U.S. Dollar Commentary – Thursday, Nov. 16

U.S. Dollar Commentary – Thursday, Nov. 16

Image Source: Pixabay  USD Selling PausesThe US Dollar failed to continue the breakdown we saw on Tuesday as better-than-forecast retail sales data yesterday helped stem the selling. While still very weak at 0.1%, down from 0.8% prior, given that the data was marginally better than the -0.1% forecast, bulls were able to hang on. Empire state […]
Sensex Today Gains 307 Points; Nifty Ends Above 19,750

Sensex Today Gains 307 Points; Nifty Ends Above 19,750

After opening the day on a flat note, Indian share markets extended gains as the session progressed and ended higher.Benchmark indices rallied supported by gains in IT stocks. Meanwhile, a drop in Bajaj twins capped gains.Bajaj Finance shares fell after the RBI directed India’s largest non-bank lender to immediately cease the sanctions and disbursal of […]
Some Wage Inequality Ratios

Some Wage Inequality Ratios

Image Source: Pexels  Back in 2010, Jonathan Heathcote, Giovanni L. Violante, and Fabrizio Perri, published a study that compiled data from a number of publicly available sources to measure the evolution of US inequality in income, wages, and wealth over time, with data up through 2006 (“Unequal we stand: An empirical analysis of economic inequality in […]
Forget Higher For Longer

Forget Higher For Longer

S&P 500 had trouble extending gains above 4,535, and is ripe for a consolidation. Even if yields have increased yesterday, and market breadth was poor (advance-decline line only a tad above 300), equal weighted S&P 500 isn‘t looking bad really. All in all – apart from the rpofitable calls made in these daily swing trading […]
Walmart Tops Earnings Estimates As E-Commerce Helps Drive 5% Jump In Sales

Walmart Tops Earnings Estimates As E-Commerce Helps Drive 5% Jump In Sales

Image Source: Pexels  CNBC’s Courtney Reagan joins ‘Squawk Box’ to break down the company’s quarterly earnings results.Video Length: 00:03:20More By This Author:Economic Outlook: Will 2024 Be Better? Uber CEO Dara Khosrowshahi On Q3 Earnings, Inflation Impact And Freight Business Apple Should Be Viewed As A Consumer Staples Company
EUR/USD Price Analysis: Further Gains Retarget 1.0945

EUR/USD Price Analysis: Further Gains Retarget 1.0945

EUR/USD trades in a vacillating mood around 1.0850. Further upside could see the next hurdle at 1.0945. EUR/USD trades without clear direction in the mid-1.0800s following the previous daily decline on Thursday.The continuation of the upward bias could see the weekly high of 1.0945 (August 30) revisited sooner rather than later. Once cleared, spot could challenge […]
Major Hedge Fund Turns To Gold

Major Hedge Fund Turns To Gold

Image Source: Unsplash  Greenlight Capital (GLRE) reported a major increase in its exposure to gold as the hedge fund’s founder worries about the direction of the markets. In a Q3 letter to investors, David Einhorn expressed concern about geopolitical uncertainty, the rising price of oil, and inflation.Greenlight famously shorted Lehman Brothers before its 2008 failure.According to third-quarter 13-F […]