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Dow Up Triple Digits As Oil Prices Plummet

Dow Up Triple Digits As Oil Prices Plummet

The Dow Jones Industrial Average (DJI) is up triple digits midday, following a consumer price index (CPI) reading for November that was in line with Wall Street’s expectations. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also higher, as investors await tomorrow’s interest rate decision. Meanwhile, oil prices were last seen down 3% amid inflation concerns, […]
Global Drought Monitor & Global El Nino Patterns. The Corn & Ethanol Report

Global Drought Monitor & Global El Nino Patterns. The Corn & Ethanol Report

We kicked off the day with NFIB Business Optimism Index at 5:00 A.M., Core Inflation Rate MoM & YoY, Inflation Rate MoM & YoY, CPI, and CPI s.a. at 7:30 A.M., Redbook YoY at 7:55 A.M., 42-Day Bill Auction at 10:30 A.M., 30-Year Bond Auction t 12:00 P.M., Monthly Budget Statement at 1:00 P.M., API […]
We’ve Yet To Feel The Full Consequences Of The “Era Of Free Money”

We’ve Yet To Feel The Full Consequences Of The “Era Of Free Money”

Image Source: Pixabay In a recent interview with Forbes , economic commentator, and historian Jim Grant warned that we haven’t fully felt the inevitable fallout from the “free money era”. I think that the consequences of more or less 10 years of proverbially free money are going to play out in the credit markets.” Grant traces the root […]
Oracle Tumbles As Q2 Revenue And Q3 Guidance Miss The Mark

Oracle Tumbles As Q2 Revenue And Q3 Guidance Miss The Mark

Image courtesy of 123rf.com Oracle (NYSE: ORCL) reported its fiscal Q2 2024 results on Monday, posting worse-than-expected revenue and Q3 revenue guidance. The report triggered a sell-off in after-hours trading, sending the company’s shares down 9.5% in Tuesday’s premarket.  Oracle’s EPS Beat Estimates But Q3 Revenue Guidance Falls Short Oracle’s shares tumbled more than 9.5% in premarket trading […]
Rent Jumps Another 0.5 Percent, Only A Decline In Gasoline Prevents A Hot CPI

Rent Jumps Another 0.5 Percent, Only A Decline In Gasoline Prevents A Hot CPI

CPI month-over-month data from the BLS, chart by MishYet Another Groundhog Day for RentI repeat my core key theme for over two years now. People keep telling me rents are falling, I keep saying they aren’t. I thought this may finally be the month the rent trend breaks but it wasn’t.Rent of primary residence, the […]
Cloud Stocks: Workday Focuses On AI Skills

Cloud Stocks: Workday Focuses On AI Skills

 Image Source: Pixabay  Enterprise services provider Workday (Nasdaq: WDAY) recently announced its third quarter results that surpassed market expectations. Workday is building out several AI capabilities and an AI-focused marketplace to benefit from the growing trend.  Workday’s FinancialsWorkday’s third quarter revenues grew 16.7% to $1.87 billion, ahead of the Street’s forecast of $1.85 billion. Non GAAP EPS was […]
Gold Stocks: A Meeting With Michelangelo

Gold Stocks: A Meeting With Michelangelo

 Last week featured some wild trading for gold. The Dec 3 Sunday night price surge to $2145 and Friday’s jobs report certainly shocked a lot of gold bugs.Could this week be the same? Well, a US CPI report surprise today could create a shocking FOMC announcement tomorrow. Could there be a final hike?Investors in ultimate […]
Sensex Today Ends 378 Points Lower

Sensex Today Ends 378 Points Lower

Image Source: Unsplash  The markets opened the gap up and continued on its winning run in early trade but later came under selling pressure to close in red.Both the benchmark indices hit their new all-time highs today.At the closing bell, the BSE Sensex dipped by 378 points (down 0.5%).Meanwhile, the NSE Nifty closed lower by 21 points (down 0.4%).Axis Bank, […]
CPI, Disinflation And Stocks

CPI, Disinflation And Stocks

S&P 500 recovered from the shallow premarket correction fast after the opening bell, and it‘s been the broadening market leadership not relying on Magnificent 7 that secured another bright day for clients both swing (that‘s daily publications) and intraday as the island continuation theme is coming to fruition with breakout and more gains accompanied by […]
Real Aggregate Payrolls Rise To New High As CPI Ex-Shelter Continues Somnolent

Real Aggregate Payrolls Rise To New High As CPI Ex-Shelter Continues Somnolent

With few exceptions, the November CPI report once again demonstrated how important fictitious shelter is to its calculation, as well as how important the inflection point of $5 gas in June 2022 has been.Headline inflation rose only 0.1% in November, and is up 3.1% YoY. Core inflation less food and energy increased 0.3% and is […]