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US Retail Sales Declined As Student Debt Payments Resumed In October

US Retail Sales Declined As Student Debt Payments Resumed In October

Is more ‘good news’ on its way? According to BofA, who have been mysteriously all-knowing for months, this morning’s US retail sales print will be better than expected (positive)… Ahead of retail sales: BofA real-time debit and credit card data indicates a big beat to consensus, especially on headline pic.twitter.com/4iFSdIj4Cz — zerohedge (@zerohedge) November 15, 2023 However, Goldman […]
Fed On Hold, Small Caps Explode, On Target

Fed On Hold, Small Caps Explode, On Target

On Tuesday morning, the October CPI came in below expectations (0.0% headline, 0.2% core) leading to an explosive move higher in stocks and bonds. The rationale is that with inflation now apparently under control, the Fed no longer has any reason to continue hiking. As you can see in the Fed Futures Probability chart above, […]
Gold Forecast: Reacts To The CPI Figures 
                    
 

Gold Forecast: Reacts To The CPI Figures  

The gold market is currently hovering around the 38.2% Fibonacci level, reflecting the ongoing struggle to gather enough momentum for a significant move upwards. Freepik Alternatively, it appears that gold markets were in the process of stabilizing after experiencing a reasonable pullback. This adjustment follows a remarkable ascent in gold prices, and it’s not surprising […]
S&P 500 Dip Buying Today?

S&P 500 Dip Buying Today?

Image Source: Unsplash  Yesterday we saw a big miss in the US CPI print which allowed the S&P 500 to move significantly higher on ‘peak Fed narrative’ hopes.Seasonax’s event feature allowed us to expect upside in the S&P 500 in the event of a miss and the same feature leads us to expect potential for dip […]
The Pendulum Of Fed Expectations Swings Too Hard

The Pendulum Of Fed Expectations Swings Too Hard

Image Source: Pixabay  Overview: The capital markets’ reaction to softer-than-expected CPI was too much. The implied yield of the December 2024 Fed funds futures fell by 25 bp as if October’s CPI was worth a full quarter-point rate cut next year. US two- and 1-year yields are around two basis points higher today and the dollar is […]
Japan’s GDP Contracted In The Third Quarter

Japan’s GDP Contracted In The Third Quarter

Image Source: Pexels  Stocks rose sharply on Tuesday and bond yields were down after US consumer prices fell more than expected in October, reinforcing expectations that the Fed will maintain its pause. As of Tuesday’s stock market close, the Dow Jones Index (US30) was up by 1.43%, while the S&P 500 Index (US500) jumped 1.91%. The Nasdaq Technology Index (US100) jumped by 2.37%. […]
Asian Stock: Henan Lingrui Pharmaceutical

Asian Stock: Henan Lingrui Pharmaceutical

TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Company: Henan Lingrui Pharmaceutical Company LimitedBloomberg ticker: 600285 SHMarket cap: US$1,391mBackground: Henan Lingrui Pharmaceutical Company Limited engages in R&D, production, and distribution of medicines. The product range includes emplastrum, tablets, capsules, ointments, applied in the treatment of diabetes […]
Crude Oil Signal: Sees Volatility

Crude Oil Signal: Sees Volatility

Photo by Zbynek Burival on UnsplashIn a similar development, the Brent markets experienced a small retracement during Tuesday’s trading session.  The West Texas Intermediate Crude Oil market initiated a minor pullback during the early trading hours on Tuesday. However, it is crucial to note that ample support exists in the backdrop, rendering any dips a potential buying […]
US Inflation Rate Eases To 3.2%, Core Inflation Falls To 4.1%

US Inflation Rate Eases To 3.2%, Core Inflation Falls To 4.1%

US inflation in October, which was released on Tuesday, was lower than expected, boosting hopes that the Fed may be done with interest rate hikes.The US consumer price index (CPI) climbed 3.2% year-on-year in October, down from 3.7% in September and below the market estimate of 3.3%.Core CPI, which excludes food and energy, showed a […]
Buy Muni Bonds To Protect Your Cash From Uncle Sam

Buy Muni Bonds To Protect Your Cash From Uncle Sam

Image Source: Pixabay  As you know, I’ve been pounding the table on bonds lately. Interest rates are at their highest levels in nearly a generation, which is finally allowing bond buyers to earn some real income.If rates decline next year (as many are expecting), that should lead to profits as well, as bond prices move in […]