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On Hold: U.S. Federal Reserve, Bank Of England Leave Rates Unchanged

On Hold: U.S. Federal Reserve, Bank Of England Leave Rates Unchanged

Video Length: 00:04:48 On the latest edition of Market Week in Review, Investment Strategist Alex Cousley and ESG and Active Ownership Analyst Zoe Warganz discussed recent decisions from key central bank meetings. They also provided an update on third-quarter earnings season from around the globe and reviewed the latest headlines from China. U.S., UK central […]
Major Benchmarks Log Best Week Of 2023

Major Benchmarks Log Best Week Of 2023

The Dow, Nasdaq, and S&P 500 today marked their best week of 2023 after all three major benchmarks extended their respective rallies on the heels of softer-than-expected jobs data. The Dow and S&P 500 marked a fifth-straight daily win — the latter’s longest since June — while the Nasdaq saw its sixth consecutive gain. Tumbling Treasury yields […]
Macro: Employment Report

Macro: Employment Report

Wall street cheered the fact that we added fewer jobs (150,000) than expected (179,000) in October. This was a welcome relief after the hot September number that was revised down from 336,000 to 279,000.The Goods economy actually lost 11,000 jobs. The culprit here was motor vehicles and parts which was -33,000 on the month.The Services […]
The Current U.S. Economic Situation From An Austrian Viewpoint

The Current U.S. Economic Situation From An Austrian Viewpoint

Image Source: Pixabay This article is a brief analysis of the US economic situation from the point of view of the Austrian School of Economics. It is strictly macroeconomic: a deductive hypothesis of what is happening in the aggregates.Let us place ourselves in the months immediately after the arrival of covid-19, the first quarter of 2020. […]
Key Events In Developed Markets Next Week

Key Events In Developed Markets Next Week

Next week will be on the quieter side in the US. The main focus will be on Fed Chair Jerome Powell, who will be appearing on a panel at the upcoming IMF conference. In the UK, all eyes will be on the release of third-quarter GDP data, which we’re expecting to come in fractionally negative after a weak July.Shutterstock […]
Sad Silver Lags Gold

Sad Silver Lags Gold

Image Source: Pixabay With the economic backdrop continuing to deteriorate, silver’s bull case has become increasingly fragile. Ominous Signs Ahead While silver has bounced off its recent lows, the white metal continues to underperform gold. And when volatile areas of the precious metals market showcase weakness (silver and mining stocks) it’s often an ominous sign for the […]
S&P 500 Earnings Dashboard 23Q3 – Friday, Nov. 3

S&P 500 Earnings Dashboard 23Q3 – Friday, Nov. 3

Image Source: Pexels S&P 500 Aggregate Estimates and Revisions The 23Q3 Y/Y blended earnings growth estimate is 5.7%. If the energy sector is excluded, the growth rate for the index is 11.1%. Of the 403 companies in the S&P 500 that have reported earnings to date for 23Q3, 81.6% 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 […]
These Three Dow Jones Stocks Are Worth Watching In November

These Three Dow Jones Stocks Are Worth Watching In November

Image courtesy of 123rf.com Originally launched with 12 stocks in 1896, the price-weighted Dow Jones Industrial Average (DJIA) has since expanded to 30 blue chip pillars. These companies represent the US economy in all sectors except transportation and utility, as a 1% slice of the total stock market. Ranging from Apple and Boeing to MasterCard, Walmart, JPMorgan […]
What Happens In China May Not Stay In China

What Happens In China May Not Stay In China

Painting is by my father, Naum Katsenelson. Prints available on Naum Katsenelson. To understand what will happen in China and its impact on the global economy, we simply need to invert what happened over the last two decades.China has had the largest housing bubble in human (and possibly galactic) history, for a decade and a half. It […]
FTSE Reverses Early Gains To Head Into The Red At The Close

FTSE Reverses Early Gains To Head Into The Red At The Close

Image Source: Unsplash The FTSE 100 initially opened higher on Friday, with the potential for its most significant weekly gains in seven weeks. However, as the trading session progressed, early gains began to fade. The blue-chip index appeared to be heading for a weekly loss of 0.81% as some investors chose to lock in profits ahead […]