November 2023 - Page 7 of 244 -

US Trade Deficit 2024

Nov 30, 2023 Jeremy Parkinson Finance, No picture 0

Photo by Shaah Shahidh on Unsplash No one is talking about the US trade deficit in the current fiscal year, but it is likely to be another record, bringing with it new rounds of trade sanctions and protectionism.In this article, I explain why the twin deficit hypothesis will apply, bearing in mind a likely budget […]

Disinflation Or Deflation?

Nov 30, 2023 Jeremy Parkinson Finance 0

GDP above expectations as I called it to be, sent S&P 500 only modestly down, but stocks slowly recovered after the close. This tight range of last 5 sessions makes you wonder whether we‘re consolidating (before another upleg) or about to roll over for a healthy correction. It‘s a balancing act, where sellers however aren‘t having […]

EUR/USD Price Analysis: Upside Limited Just Above 1.1000

Nov 30, 2023 Jeremy Parkinson Finance 0

EUR/USD faces extra downside pressure and breaches 1.0900. Further losses retarget the 200-day SMA near 1.0820. EUR/USD adds to Wednesday’s decline and breaks below the 1.0900 support to print new multi-session lows on Thursday.So far, the rejection of monthly highs past the key 1.1000 barrier could revisit a minor support at the weekly low of 1.0852 […]

Alliant Energy Stock: An Undervalued High-Quality Utility

Nov 30, 2023 Jeremy Parkinson Finance 0

Suppose you are in pursuit of a distinguished dividend growth investment opportunity. In that case, our focus turns to an undervalued utility of particular interest – Alliant Energy Stock, identified by the ticker symbol LNT. As of the time of writing, the stock is trading at $49.11 per share, prompting a closer examination of its valuation […]

Elliott Wave Technical Analysis: Meta Platforms Inc.

Nov 30, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Meta Platforms Inc., Elliott Wave Technical AnalysisMeta Platforms Inc., (Nasdaq: META): 4h Chart 30 November 2023META Stock Market Analysis: We are looking for continuation higher on Meta as we are forecasting a potential wave 4. There is an alternate count with a more bullish scenario which will be discussed on the 1h chart. […]

BTC/USD Forecast: Attempts A Breakout

Nov 30, 2023 Jeremy Parkinson Finance 0

In the grand scheme of things, adopting a “buy on the dips” strategy appears to be the most prudent course of action. Bitcoin had a mixed performance during Wednesday’s trading session, with market participants oscillating between bullish aspirations and concerns of potential overextension. While many are eager to propel the cryptocurrency to new heights, there is […]

3 Invesco Mutual Funds To Buy For Steller Returns

Nov 30, 2023 Jeremy Parkinson Finance 0

Image Source: Pixabay Founded in 1978, Invesco is a trusted name in the investment industry. Headquartered in Atlanta, GA, the company helped investors diversify by giving them access to a wide selection from various asset classes, sectors, and markets. Invesco asset management had around $1.54 trillion worth of assets under management as of Jun 30, 2023.The company has more […]

Has The S&P 500 Reached A Peak?

Nov 30, 2023 Jeremy Parkinson Finance 0

Stocks reached new highs, but a correction may be coming.The S&P 500 index lost 0.9% on Wednesday as it backed off from a new medium-term high of 4,587.64. The market extended its uptrend, but it closed near its daily low. The S&P 500 was the highest since July 31 yesterday.Recently the S&P 500 broke above […]

Despite The Continued Elevation Of Continued Claims, Initial Claims Signal Continued Expansion

Nov 30, 2023 Jeremy Parkinson Finance 0

I’ll comment on personal income and spending later this morning, but let’s start out with our weekly update on jobless claims.Initial claims rose 7,000 to 218,000, while the 4 week average declined -500 to 220,000. With a one week delay, continuing claims rose 86,000 to 1.927 million, a nearly 2 year high: On the more […]

US Dollar Rebounds On Strong GDP Data, Low Eurozone Inflation

Nov 30, 2023 Jeremy Parkinson Finance 0

Image Source: Pexels The Greenback trades in the green against all major currencies. US traders are on the lookout for US Jobless Claims and Personal Consumption Expenditure Price Index numbers. The US Dollar Index climbs above 103 and could still flip this week’s overall performance into positive territory. The US Dollar (USD) bulls are back, […]