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What Will The Fed’s Interest Rate Be A Year From Now?

What Will The Fed’s Interest Rate Be A Year From Now?

Image from CME Fedwatch, annotations by Mish.Hopium Priced InOne hell of a lot of hopium is priced in. I expect the Fed to dash some of this hopium later today, so do others I follow. Since the September SEP, a lot more cuts have been priced in, while the economic conditions haven’t changed much. With […]
Did You Catch That Move Higher?

Did You Catch That Move Higher?

On Monday I told you that the S&P 500 was headed for 4,700. At that time, the market was hovering around 4,600. And given all the risks in the world (turmoil in the Middle East, slowing economic data in the U.S.), I’m sure many people thought I was bonkers to predict that stocks would continue […]
S&P 500, Nasdaq Higher After Upbeat PPI Reading

S&P 500, Nasdaq Higher After Upbeat PPI Reading

Wall Street is holding its breath ahead of this afternoon’s interest rate decision from the Federal Reserve. The central bank is expected to keep rates unchanged, but Fed Chair Jerome Powell could reveal if cuts are on the horizon during his press conference later today. The Dow Jones Industrial Average (DJI) is flat midday, while the […]
Chart Of The Day: Does Blueprint Medicines Have A Blueprint For Success?

Chart Of The Day: Does Blueprint Medicines Have A Blueprint For Success?

100% technical buy signals 16 new highs and up 44.44% in the last month 109.60+ Weighted Alpha The Chart of the Day belongs to the cancer biomedical company Blueprint Medicines (BPMC). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and […]
Etsy Inc Chart Analysis

Etsy Inc Chart Analysis

Image Source: Unsplash Bob Lang gives a technical analysis of the stock chart for ETSY.Video Length: 00:04:22More By This Author:Market Blast – Wednesday, December 13 Is Trading Fear And Greed Tied To Your Self-Worth? Target Corp Chart Analysis
Fed Rate Cut Next Move – Bears Remain Embarrassingly Wrong

Fed Rate Cut Next Move – Bears Remain Embarrassingly Wrong

Let’s start with the model for the day. The S&P 500 is most likely to be plus or minus 0.50% until 2 pm and then rally. However, because the stock market has rallied sharply into Fed day and closed so strongly on Tuesday, the post-2pm strength has been muted away to a coin flip. Post-Fed […]
Pfizer Sinks After Posting Weak Guidance For 2024

Pfizer Sinks After Posting Weak Guidance For 2024

Image courtesy of 123rf.com Pfizer (NYSE: PFE) released disappointing guidance for its 2024 financial results, which included the expected impact of the $43 billion Seagen acquisition. The earnings and revenue figures missed expectations, sending the company’s shares tumbling nearly 9% at the opening bell.  Inclusion of Seagen’s Results Leads to Soft EPS and Revenue Outlook by Pfizer Shares of […]
STOXX 600 Earnings Outlook 23Q3 – Wednesday, Dec. 13

STOXX 600 Earnings Outlook 23Q3 – Wednesday, Dec. 13

European Aggregate Estimates and Revisions Third-quarter earnings are expected to decrease by 11.1% from Q3 2022. Excluding the Energy sector, earnings are expected to increase 0.8%. Third-quarter revenue is expected to decrease 7.6% from Q3 2022. Excluding the Energy sector, revenues are expected to decrease 4.0%. 290 companies in the STOXX 600 have reported earnings to date for Q2 2023. […]
Banks Making Fewer Business Loans Because Of Recession Fears

Banks Making Fewer Business Loans Because Of Recession Fears

Image Source: Pexels  Commercial banks have been trimming their business loans throughout 2023. The drop-off is small and consistent with the leveling off of total loans of all kinds this year. This change does not—yet—warrant pessimism about the overall economy. But the economic fears that drive the change—on the part of both lenders and borrowers—are important.Since […]
Unraveling The Gold Market Amidst Economic Tensions

Unraveling The Gold Market Amidst Economic Tensions

Image Source: Pixabay  In the intricate tapestry of financial markets, the spotlight often falls on the ever-shifting dynamics of precious metals. Today, our focus is on the gold rate, a critical indicator reflecting the delicate dance between economic forces. As we delve into the nuances of the gold market, we explore the interplay of factors influencing its […]