December 2023 - Page 106 of 232 -

Macro: Initial Claims — Strong Employment Translating To Consumption

Dec 17, 2023 Jeremy Parkinson Finance 0

Image Source: PixabayStrong employment translating to consumption continues to be the biggest positive contributor to GDP in Q4.Initial claims continue to signal all good for the economy. 202,000 was the 4th best week of the year. The 4-week moving average is heading lower.Continuing claims reversed the positive print from last month. The trend higher is slowing.More […]

Shiba Inu Lead Dev Burns $1.2M SHIB; InQubeta Presale Gains Steam

Dec 17, 2023 Jeremy Parkinson Finance 0

Image Source: DepositPhotosShiba Inu’s recent announcement about its token burn has triggered a lot of excitement about what this latest move could mean for its long-term prospects. The meme coin’s lead developer Shytoshi Kusama hinted that the team would be burning 1.2 million tokens to prune its supply. The burn strategy is likely to bring down […]

Moderna Entering Weekly Bluebox Support Area

Dec 17, 2023 Jeremy Parkinson Finance 0

Moderna, Inc. (MRNA) is an US American pharmaceutical and biotechnology company. Founded in 2010 and headquartered in Cambridge, Massachusetts, USA, it is a part of NASDAQ100 and S&P500 indices. Investors can trade it under the ticker $MRNA at NASDAQ. The company’s only commercial product is the COVID-19 vaccin. Moreover, it has a portfolio of vaccine […]

Speculator Extremes: SOFR-3M, Steel, Ultra 10-Year & Soybeans Lead Bullish & Bearish Positions

Dec 17, 2023 Jeremy Parkinson Finance 0

The latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on December 12th.This weekly Extreme Positions report highlights the Most Bullish and Most Bearish Positions for the speculator category. Extreme positioning in these markets can foreshadow strong moves in the underlying market.To signify an extreme position, […]

We Aren’t Really Talking About Rate Cuts Right Now

Dec 17, 2023 Jeremy Parkinson Finance 0

NY Fed President Williams stated on CNBC, “We aren’t really talking about rate cuts right now.” This seemed to conflict with Jerome Powell’s post-meeting press conference, causing a dip in the futures markets and a rise in the dollar. However, further scrutiny revealed Williams had marked several expected rate cuts in his ‘dot plots’ for next year, […]

PepsiCo Dips More Than Broader Market: What You Should Knowzac

Dec 17, 2023 Jeremy Parkinson Finance 0

Image Source: DepositPhotosIn the latest market close, PepsiCo (PEP) reached $167, with a -0.74% movement compared to the previous day. The stock’s performance was behind the S&P 500’s daily loss of 0.01%. Elsewhere, the Dow saw an upswing of 0.15%, while the tech-heavy Nasdaq appreciated by 0.36%.The the stock of food and beverage company has […]

Central Banks Brought Excessive Inflation. Now They Bring Stagnation.

Dec 17, 2023 Jeremy Parkinson Finance 0

Image Source: DepositPhotosAlthough the Federal Reserve and the European Central Bank’s message regarding interest rate cuts seems clear, reiterating their commitment to reducing inflation, the market is expecting between five and six interest rate cuts, between 125 and 150 basis points, in the next twelve months. This shows us the bubble bias of many investors. […]

Bitcoin Drops To $42,000, And Altcoins Bleed Amid Ledger Drain Worth $600K

Dec 17, 2023 Jeremy Parkinson Finance 0

Image Source: DepositPhotosThis Week’s Summary The crypto market ends the week at a total market capitalization of $1,59 trillion. Bitcoin decreased by 4% to reach around $42,200. Ethereum is down by almost 5% to trade at over $2,300. XRP lost almost 6% in value this week, reaching around $0.62. Almost all altcoins are trading in […]

Analyzing Market Trend For The Week Ahead: E-Mini S&P 500

Dec 17, 2023 Jeremy Parkinson Finance 0

The E-mini S&P 500 closed lower by about 0.1%, ending the session at 4768 with a balanced volume profile structure and forming an inside day. Market participants might target the extremes for absorption purposes to determine whether there will be an inside day failure or a break in the next session. The upper low-volume node might be […]

Walking Back Powell

Dec 17, 2023 Jeremy Parkinson Finance 0

S&P 500 had a tough Friday as Williams and Bostic came out against too many cuts too soon – but I ask whether they can lastingly turn markets risk-off when the expectations for profits growth, no recession and Powell having been more dovish than bonds expected before FOMC, is still the mainstream expectation. Rate cuts would lead […]