December 2023 - Page 127 of 232 -

Semiconductors Attempting Bullish Cup And Handle Breakout

Dec 14, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash As I often point out, technology stocks have been the leader of bull market since 2009. And it’s always a good idea to keep a good eye on leadership.Within the technology sector, the Semiconductors are an area that is often out-performing. Today, we highlight why active investors should be watching the Semis!Today’s chart […]

News And The Market-Implied Fed Funds Path

Dec 14, 2023 Jeremy Parkinson Finance 0

Ten-year Treasury yield fell with the FOMC announcement, as CME contracts indicated a lower trajectory: Here’s the CMEWatch implied Fed funds rates:Figure 1: Effective Fed funds rate (bold black), futures as of 11/13 (sky blue inverted triangle), as of 12/12 (orange square), 12/13 (red square), 4:50pm CT, in %. Source: FRED, CME, author’s calculations.More By This Author:November […]

Jefferies Raises Adobe PT To $700, Downplays Weak 2024 Guidance

Dec 14, 2023 Jeremy Parkinson Finance 0

Image courtesy of 123rf.com Shares of Adobe (Nasdaq: ADBE) opened 6% lower on Thursday after the company issued worse-than-anticipated guidance for fiscal 2024, offsetting the positives from the strong Q4 2023 performance. Despite a weaker outlook, analysts at Jefferies remain bullish on Adobe, hiking their price target on the stock by over 6%. Jefferies Bullish on Adobe Firefly Adoption […]

Biden Administration Runs Record November Budget Deficit

Dec 14, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The Biden administration just ran the largest November budget deficit in history.And it managed this feat even with a 9% increase in government receipts.The November budget shortfall came in at $314.01 billion, according to the Monthly Treasury Statement. That was 26% higher than the November 2022 deficit.Just two months into fiscal 2024, the federal […]

Analytical Overview Of The Main Currency Pairs – Thursday, Dec. 14

Dec 14, 2023 Jeremy Parkinson Finance 0

Image Source: Pexels The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0792 Prev Close: 1.0873 % chg. over the last day: +0.75 % Today, the European Central Bank (ECB) will hold a monetary policy meeting. With a probability of almost 100%, the ECB will leave the interest rate at 4.5%. There is growing evidence that the Governing Council is […]

The Energy Report: The Feds Job.

Dec 14, 2023 Jeremy Parkinson Finance 0

Image Source: DepositPhotosDo we raise the “Mission Accomplished” banner over the Federal Reserve building in Washington DC? If so, energy and oil traders should be thanked for doing the Federal Reserve’s job for them. You’re welcome.The recent crash in oil prices, which OPEC says was driven by “exaggerated concerns” about demand, has been a major […]

US Consumers Remain Resilient Despite Fed Dovishness

Dec 14, 2023 Jeremy Parkinson Finance 0

Image Source: Pixabay US retail sales performed much better than expected in November, suggesting households remain happy to spend despite intensifying financial pressures. The labour market also remains tight, so there is little prospect of an imminet rate cut despite the Fed’s dovish shift yesterday. Retail sales beats expectationsSo, the Federal Reserve turns dovish, yet activity […]

S&P 500 Forecast: Runs Amok

Dec 14, 2023 Jeremy Parkinson Finance 0

At the end of the day, the S&P 500’s slight rally indicates a positive outlook, but the market remains sensitive to external factors, particularly the Federal Reserve’s decisions. The S&P 500 experienced a slight rally during Wednesday’s trading session, suggesting a readiness for continued upward movement. However, the market’s trajectory is heavily influenced by the Federal Reserve’s actions […]

Russell 2000 Earnings Dashboard 23Q3 – Thursday, Dec. 14

Dec 14, 2023 Jeremy Parkinson Finance 0

Image Source: Pexels Russell 2000 Aggregate Estimates and Revisions The 23Q3 Y/Y blended earnings growth estimate is -9.9%. If the energy sector is excluded, the growth rate for the index is -5.8%. Of the 1,807 companies in the Russell 2000 that have reported earnings to date for 23Q3, 61.5% 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 […]

Gold Price Rallies Above $2,000 After Dovish FOMC

Dec 14, 2023 Jeremy Parkinson Finance 0

The gold price turned upside after pausing at yesterday’s low of $1,973. The precious metal has climbed as high as $2,040 today.Now, it has retreated a little and is trading at 2,035 at the time of writing. XAU/USD edged higher as the USD depreciated versus its rivals after the FOMC.The US dollar plummeted after the […]