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Archives by Year:
My Affinity For Short-Term Interest Rates
I have always had an affinity for short-term interest rates, and it is from my days as an index arbitrageur.When most people think of index arbitrage, they think of someone scalping stock index futures against an underlying basket of stocks, either electronically or by hand in the old days. But there is more to it […]
5 Sector ETFs For Bountiful Returns In November
Image Source: Pixabay After a dismal October, U.S. stocks rallied at the start of November and will likely continue their strong trend throughout the month. This is especially true as November is historically the best month of the year. The news of the Fed keeping the interest rates steady in the latest FOMC meeting has bolstered […]
Was Powell Upstaged By Yellen? Plus, Apple Earnings
Image Source: Pexels As consequential as yesterday’s FOMC meeting was, particularly for equity markets, one can assert that Chairman Powell was upstaged by his predecessor, Treasury Secretary Yellen earlier in the day. But regardless of whether the present or prior Fed Chair was delivering the message, markets were enthusiastic about what they heard.Secretary Yellen didn’t actually […]
Bank Of England: An Unsurprising Rate Hold
Photo by Colin Watts on Unsplash Today, the Monetary Policy Committee (MPC) unsurprisingly voted in favor of keeping the Bank of England (BoE) policy rate at 5.25%.The 6-to-3 majority was more convincing than the surprise September hold decision. The three dissenting members that preferred an interest rate increase to 5.5% were Megan Greene, Jonathan Haskel and Catherine Mann.This […]
Initial Claims: Were The Recent Lows Just Unresolved Seasonality After All?
Initial jobless claims rose 5,000 to a 7-week high of 217,000 this week. The 4-week moving average rose 2,000 to 210,000 from its 9-month low of 208,000 last week. With the usual one-week delay, continuing claims continued their recent sharp ascent, up 35,000 to 1.818 million. Aside from 2 weeks in April, this is the […]
What Wall Street Experts Are Saying About Apple Ahead Of Earnings
Image Source: Unsplash Apple (AAPL) is scheduled to report fourth fiscal quarter results after the market close on Thursday, November 2, with a conference call scheduled for 5:00 pm ET. What to watch for: DOWNGRADES SINCE LAST QUARTER: Last quarter, Apple beat consensus sales and earnings expectations, reporting EPS of $1.26 on Q3 revenue of $81.8B, which compared to […]
Earnings Recap: Shell, Palantir, Starbucks, Shopify Rise; Moderna Falls
Image courtesy of 123rf.com Today is one of the busier days over the course of the Q3 earnings season as several S&P 500 constituents reported their results. While the highlight of the day is later, when Apple is due to report its quarterly performance, several companies that captured attention include Shell, Starbucks, Palantir, Moderna, and Shopify. Shell, Palantir, Starbucks, and Shopify […]
TSX Earnings Scorecard 23Q3
Photo by Michelle Spollen on Unsplash TSX Composite Aggregate Estimates and Revisions 23Q3 earnings are expected to decrease 5.4% from Q3 2022. Excluding the energy sector, the earnings growth estimate is 2.7%. 57.9% of companies have reported Q3 2023 earnings above analyst expectations. 23Q3 revenues are expected to increase 2.1% from Q3 2022. Excluding the energy sector, the revenue growth estimate is 6.3%. […]
Gold Hits New All Time Highs
Image Source: Pixabay The big news in gold is two-fold right now; gold hit new all-time highs in several currencies and central bank demand for physical gold remains strong hitting a year-to-date record in Q3 this year. Gold at $2,000? So whilst the headlines were all about dollar-denominated gold showing us that it’s still destined for […]
FTSE Up As Investors Bet On BoE Hiking Cycle Complete
Image Source: Pexels On Thursday, share and bond markets continued a global rally, with the FTSE gaining 1.2%. This surge was driven by traders who doubled down on their bets that world interest rates may have reached their peak. While the Bank of England (BoE) did not explicitly indicate that rate cuts were imminent, the mere […]
