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Archives by Year:
Dow Pulling Ahead With 320-Point Pop
Blue chips are the story today, with the Dow Jones Industrial Average (DJI) scoring a new 2023 high thanks to an encouraging inflation reading and an upbeat Salesforce (CRM) earnings report. Up 8.2% in November with a few hours to go, the blue-chip index is barreling toward its best month since October 2022. Elsewhere, the S&P 500 Index (SPX) […]
Despite A Few Soft Spots, Consumer Income And Spending Continued To Power Ahead In October
The monthly personal income and spending report is along with the jobs report, one of the two most important coincident metrics for the entire economy, because it is a fairly comprehensive look at the consumer sector.In October both nominal and real personal income and spending increased 0.2%. Since the beginning of the pandemic, real income […]
Cyber Thursday
Well, after years of waiting, the Cybertruck is starting deliveries today. Considering all the hype and excitement about this rather strangely designed product, I look forward to seeing if it is embraced as a successful out-of-the-box design or, instead, a modern-day Aztek. I have to believe that some of Tesla’s recent strength has been drawn […]
Robinhood Enters The UK Market, Cathie Wood Increases Stake
Image courtesy of 123rf.com Shares of Robinhood (Nasdaq: HOOD) climbed over 3% in premarket trading Thursday after the online investments app announced plans to roll out its platform in the UK next year. The announcement came just days after one of Cathie Wood’s ETFs bought over 143,000 Robinhood shares for over $1.2 million. Robinhood Plans Complete UK Launch in Early 2024 On […]
Mega-Cap AI Mentions Explode Thanks To Nvidia
Now that NVIDIA (NVDA) has reported its Q3 numbers (the last of the mega-caps to report), below is an updated look at the number of times “AI” was mentioned during conference calls going back to 2021. The revolutionary ChatGPT app was released in November 2022, and since then, we’ve seen an explosion in “AI” mentions […]
Russell 2000 Earnings Dashboard 23Q3 – Thursday, Nov. 30
Image Source: Pexels The 23Q3 Y/Y blended earnings growth estimate is -10.8%. If the energy sector is excluded, the growth rate for the index is -6.9%. Of the 1,739 companies in the Russell 2000 that have reported earnings to date for 23Q3, 61.1% reported above analyst expectations. The 23Q3 Y/Y blended revenue growth estimate is -2.9%. If the energy sector is excluded, the growth rate for the index is -1.8%. Click here to […]
Stalled Real Estate Market: Stone Is No Longer A Safe Haven In The US
Thanksgiving weekend set new records in the US.Firstly, an all-time record for the number of aircraft in the US sky on November 26, 2023:The Transportation Security Administration screened 2,894,304 passengers at the nation’s airports, marking the busiest day ever for air travel.An all-time record was also set on Black Friday: online sales generated a record […]
Analytical Overview Of The Main Currency Pairs – Thursday, Nov. 30
Image Source: Unsplash The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0992 Prev Close: 1.0968 % chg. over the last day: -0.21 % Economic news on Wednesday showed that the US GDP for the third quarter was revised upwards. In addition, weakening price pressures in Germany and Spain are dovish for ECB policy, which pressured the […]
US Pending Home Sales Index Slumps To Record Low
After a small bounce last month – following the puke in August – pending home sales dropped 1.5% MoM in October (better than the 2.0% MoM decline expected). This left YoY sales down 6.6% (negative for the 23rd straight month)…Source: BloombergThe Pending Home Sales Index dropped back to a new record low…Source: BloombergBy region, only the Northeast saw […]
The Central Bank And Government Finance
Image Source: Pixabay This article continues the sequence of articles on central banks as banks.Central banking largely evolved the way it did due to the exigencies of wartime finance. The central government needs control over its financial operations in wartime, and any attempts to interfere by the private sector would be viewed as akin to sabotage. […]
