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Is The Fed Still Hiking Or Preparing For Cuts?

Is The Fed Still Hiking Or Preparing For Cuts?

Image Source: Pexels Kenny Polcari, Chief Market Strategist at Slatestone Wealth, shares his insights on the latest jobs data, where inflation is headed and if the Fed will be hiking rates or preparing to cut.Video Length: 00:41:56More By This Author:While A Brief Bounce Is Likely Next, Market To Face Decade-Long HeadwindsRecession And Bear Market Risks To […]
Roblox Shares Surge After Earnings, Virtual Currency Sales Grew 20%

Roblox Shares Surge After Earnings, Virtual Currency Sales Grew 20%

Image courtesy of 123rf.com Shares of Roblox (NYSE: RBLX) jumped 19.4% at the market open after the video gaming company reported better-than-expected Q3 2023 results. The earnings report highlighted a 20% growth in Roblox’s bookings annually. Bookings is a key metric that gauges the platform’s virtual currency sales, which sat at $889 million over the period of […]
Marks & Spencer Double Digit Gains Keep FTSE Afloat

Marks & Spencer Double Digit Gains Keep FTSE Afloat

Image Source: Pexels On Wednesday, UK shares traded lower, primarily due to a decline in power suppliers. However, Marks & Spencer, a well-established high street retailer, performed well in the market. The FTSE 100, the benchmark stock index, managed to recover from its early losses and ended the trading session with a 0.25% gain.British retailer Marks […]
Chart Of The Day: Deckers Outdoor – Big Breakout

Chart Of The Day: Deckers Outdoor – Big Breakout

100% technical buy signals 13 new highs and up 27.09% in the last month 82.64+ Weighted Alpha The Chart of the Day belongs to the casual footwear company Deckers Outdoors (DECK). 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 […]
Watchful Wednesday – China Troubles Back In Focus

Watchful Wednesday – China Troubles Back In Focus

Oil is back to $76 this morning!That’s good news for Q4 inflation but bad news because it’s a reflection of the weakening demand outlook in China, the world’s largest oil consumer. China’s trade data for October showed a sharp decline in exports and a modest increase in imports, indicating a fragile economic recovery amid the ongoing […]
Where Is That SPX Dip?

Where Is That SPX Dip?

Continuing Monday‘s sideways pattern, the S&P 500 tested 4,365 without reaching solid 4,360 support, and just broke higher. Stocks indicate no consolidation as the Q4 rally with decent soft landing undertones talked about in Sat video would happen, is here. This isn‘t about the strong seasonality of the first three weeks of Nov (Nov is the best […]
The Energy Report: China Wall

The Energy Report: China Wall

Oil and products continue to get hit on the perception that the Chinese economy has hit a brick wall, raising the risk of a global recession. Talk also that players in the Middle East are distancing themselves from Hamas thereby reducing the risk of a regional war. The report said Hezbollah is trying to distance […]
Signs Of A 2024 Recovery Emerge For Dutch Commercial Real Estate

Signs Of A 2024 Recovery Emerge For Dutch Commercial Real Estate

Image Source: Unsplash  Increased interest rates and investor risk perceptions of the real estate market are set to put downward pressure on real estate prices in the Netherlands until mid-2024. Demand is expected to pick up after that, but we expect a fair bit of divergence in the timing and pace of recovery for the residential, retail, office, and logistic segments.  The real […]
Compared To Estimates, Biogen Inc. Q3 Earnings: A Look At Key Metrics

Compared To Estimates, Biogen Inc. Q3 Earnings: A Look At Key Metrics

Image Source: Unsplash  Biogen Inc. (BIIB – Free Report) reported $2.53 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 0.9%. EPS of $4.36 for the same period compares to $4.77 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.39 billion, representing a surprise of +6.05%. The company delivered […]
EUR/USD Forex Signal: Falling On Stronger Dollar

EUR/USD Forex Signal: Falling On Stronger Dollar

The technical picture now remains confused. My previous EUR/USD signal on 23rd October was not triggered as there were no reversals when any of the key support or resistance levels were first reached. Today’s EUR/USD SignalsRisk 0.75%.Trades may only be entered before 5pm London time today.  Short Trade Ideas Go short following a bearish price action reversal on the H1 […]