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S&P 500 Earnings Dashboard 23Q3 – Thursday, Nov. 2

S&P 500 Earnings Dashboard 23Q3 – Thursday, Nov. 2

Image Source: Pexels S&P 500 Aggregate Estimates and Revisions The 23Q3 Y/Y blended earnings growth estimate is 4.9%. If the energy sector is excluded, the growth rate for the index is 10.2%. Of the 376 companies in the S&P 500 that have reported earnings to date for 23Q3, 80.9% 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 […]
The Future For Fiat

The Future For Fiat

Image Source: Pixabay The day of reckoning for unproductive credit is in sight. With G7 national finances spiraling out of control, debt traps are being sprung on all of them, with the sole exception of Germany.Malinvestments of the last fifty years are being exposed by the rise in interest rates, increases which are driven by a […]
Druckenmiller Sounds Urgent Warning To All Investors

Druckenmiller Sounds Urgent Warning To All Investors

Image Source: Pexels Hedge fund manager Stan Druckenmiller has gotten cold feet on the economy and the financial system, taking a huge leveraged position right at the spot on the curve we’ve been highlighting for months. The primary reason why is being made perfectly clear as globally synchronized data spotlight a global economy falling apart. Perhaps […]
Here Is What Wall Street Experts Are Saying About Block Ahead Of Earnings

Here Is What Wall Street Experts Are Saying About Block Ahead Of Earnings

Image Source: Pixabay Block (SQ) is scheduled to report results for its third fiscal quarter after the market close on November 2, with a conference call scheduled for 5:00 pm EDT. What to watch for: ON THE SIDELINES: Wells Fargo initiated coverage of Block on Monday with an Equal Weight rating and $45 price target. The firm struggles to […]
Gold Price Forecast For November 2023

Gold Price Forecast For November 2023

Gold didn’t just invalidate the move above $2,000. It moved even lower – that’s how we know the invalidation is real. And so are its consequences.After gold’s suspicious rally, we see a very real decline. And the decline in silver and mining stocks is even bigger. Still, let’s start today’s analysis with the yellow precious metal.Yesterday’s move […]
Previewing The 2024 S&P GSCI Rebalance: Big Oil’s Mojo Is Back

Previewing The 2024 S&P GSCI Rebalance: Big Oil’s Mojo Is Back

Image Source: Unsplash Long-time investors in products linked to the S&P GSCI remain keenly aware of the outsized role oil has in broad commodity performance. Reviewing the projected weights of the 2024 S&P GSCI rebalance oil is expected to remain the largest commodity in the index. WTI and Brent crude oil are projected to swap positions and collectively account for […]
Money Velocity Update

Money Velocity Update

Now that we have our first estimate of GDP for Q3, we also have our first estimate of M2 velocity for the third quarter. Because there is an amazing amount of uninformed hypothesis out there, I figured it was worth a quick review of where we are and where we’re going, and why it matters.Why […]
Bears Shrug Off A Rally

Bears Shrug Off A Rally

Even though the S&P 500 has moved decisively higher over the past week, sentiment has entirely shrugged off price action. The percentage of respondents reporting as bullish to the AAII’s weekly sentiment survey dropped back below 25% versus a reading of 29.3% last week. Bullish sentiment has now dropped for three straight weeks, having fallen 15.7 percentage […]
Q4, 2023 Broad U.S. Market Seasonal Situation

Q4, 2023 Broad U.S. Market Seasonal Situation

This article discusses one diverse component of the broad global markets; the US S&P 500. The market has some poor underpinnings that we routinely keep track of in NFTRH and are beyond the scope of this public article. Also beyond the scope are macro risk indicators, including the US dollar and its relationship with the Gold/Silver ratio.Filtering […]
Buy Gold Now Or Wait?

Buy Gold Now Or Wait?

Image Source: Pixabay Should you buy gold now? Or, should you wait?The pat answer is “it all depends”; which is true, but, it’s an inadequate answer.A bigger problem might be the question itself. Why would someone who is planning to buy gold now decide to wait?Some people might hesitate because they haven’t seen the price action […]