December 2023 - Page 119 of 232 -

Dow, S&P 500 Flat; Nasdaq Stays Strong Amid Volatility

Dec 15, 2023 Jeremy Parkinson Finance 0

Both the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are flat this afternoon, but are still eyeing seven-straight weekly gains — the longest such streak since 2019 for the former, and 2017 for the latter. Meanwhile, the Nasdaq Composite (IXIC) is sporting a solid lead and eyeing a seventh consecutive week in the black as well. […]

Will Google Really Do It This Time?

Dec 15, 2023 Jeremy Parkinson Finance 0

Image created using DALL·E 3 with this prompt: “Dinosaurs roaming the internet. Aspect ratio: 16×9.” Seems Google (GOOGL, GOOG) has been talking about killing 3rd-party cookies since dinosaurs roamed the internet. But starting January 4, Google is going to limit cross-site tracking by restricting third-party cookie access for about 1% of Chrome users globally. This […]

U.S. Weekly FundFlows: Money Market Funds See First Weekly Outflow In Eight Weeks

Dec 15, 2023 Jeremy Parkinson Finance 0

Image Source: Pexels During LSEG Lipper’s fund-flows week that ended December 13, 2023, investors were overall net sellers of fund assets (including both conventional funds and ETFs) for the first week in eight, removing a net $19.1 billion.Equity funds (+$2.2 billion, +3.39%) and commodity funds (+$461 million, -2.19%) were the only attracters of net new capital. […]

3 High Yield MLPs With Safe Distributions

Dec 15, 2023 Jeremy Parkinson Finance 0

Image Source: Pexels Investors looking for high yields should consider Master Limited Partnerships, or MLPs. Many Master Limited Partnerships yield 5% or more, even double-digit yields in some cases.Of course, investors should not simply chase the highest yields—some high-yielding stocks have poor fundamentals and end up cutting their payouts to investors.This article will discuss 3 top […]

China’s Sputtering Recovery Continues

Dec 15, 2023 Jeremy Parkinson Finance 0

Promising start from the PBoCThe day of China’s monthly data deluge got off to a good start as although the People’s Bank of China (PBoC) chose to leave the 1Y medium-term lending facility rate (1Y MLF) unchanged, they unleashed another sizeable increase in the volumes lent out at this rate. A further CNY1.45tr was lent […]

Happy Holidays Indeed

Dec 15, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Long-time readers know that I am a card-carrying member of The-glass-is-at-least-half-full club. As such, it shouldn’t surprise anyone that I have maintained a fairly upbeat view throughout this year. On the economy. On earnings. On the stock market. On the consumer. And, of course, on inflation.On that last topic, I will admit that […]

No One Sees The Good Stuff Happening

Dec 15, 2023 Jeremy Parkinson Finance 0

Good stuff is happening.GDP is up 3% over last year. Unemployment is low at 3.7%. Inflation has dropped from 7.11% this time last year to 3.14%. And the S&P 500 is up 23% year to date.Meanwhile, families are bringing in more money than they have in years.And yet, people seem miserable. They feel like the economy is […]

S&P 500 Earnings Dashboard 23Q3 – Friday, Dec. 15

Dec 15, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash S&P 500 Aggregate Estimates and Revisions The 23Q3 Y/Y blended earnings growth estimate is 7.2%. If the energy sector is excluded, the growth rate for the index is 12.7%. Of the 499 companies in the S&P 500 that have reported earnings to date for 23Q3, 81.8% reported above analyst expectations. This compares to a long-term average of 66%. The 23Q3 Y/Y blended revenue growth estimate is 1.7%. If the […]

Wealth Effect Picks Up Into Christmas

Dec 15, 2023 Jeremy Parkinson Finance 0

With just two weekends left to shop before Christmas, US consumers have to be feeling a little more flush than they were just a couple of months ago. Back in October, the stock market was in a 10%+ drawdown and interest rates looked like they might never stop going up. Less than two months later, though, the […]

Analytical Overview Of The Main Currency Pairs – Friday, Dec. 15

Dec 15, 2023 Jeremy Parkinson Finance 0

Image Source: Pexels The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0869 Prev Close: 1.0991 % chg. over the last day: +1.12 % On Thursday, the euro added to Wednesday’s gains and reached a 2-week-high. As expected, the ECB left the deposit rate unchanged at 4.00%. At the same time, the ECB lowered its 2023 Eurozone GDP forecast to 0.6% […]