December 2023 - Page 59 of 232 -

China’s Economic Crossroads: Navigating The Delicate Balance

Dec 22, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashGiven China’s significant role as a key player in the global economy, I maintain a vigilant and analytical approach to Professor Michael Pettis’ insights on its economic strategies. Pettis has long maintained that China’s reliance on supply-side stimulus is a misstep. This is pivotal as China, being the world’s second-largest economy, grapples with sluggish […]

The Last Trade Before Christmas Lower Rates Embolden Builders Happy Holidays

Dec 22, 2023 Jeremy Parkinson Finance 0

Image source: Pixabay On the last trading day before Christmas, market bulls are fighting to keep the rally alive. This morning’s weaker than expected inflation and new home sales data are proving supportive. Meanwhile, Nike’s revenue flop is adding to the list of companies that can’t grow the top-line. Investors are sick of hearing about efficiencies, […]

Gold Stocks’ Lost Year

Dec 22, 2023 Jeremy Parkinson Finance 0

The gold miners’ stocks have suffered something of a lost year, with this small contrarian sector largely overlooked. Investor apathy remains high despite miners’ soaring earnings fueled by much-higher gold prices. But 2023’s unusually-subdued gold-stock price action was driven by several major anomalies that have run their courses. As markets normalize in 2024, gold miners […]

Completing The Housing Market Picture For November

Dec 22, 2023 Jeremy Parkinson Finance 0

Our final important pre-year end release was also the final item of housing data for the month, new home sales.To reiterate, the value of this metric is that it is the most leading of all housing metrics. Its big drawback is that it is very noisy and heavily revised.In November, new single family home sales […]

Analysis Of Cisco’s Splunk Acquisition

Dec 22, 2023 Jeremy Parkinson Finance 0

Photo Credit: Prayitno /FlickrGlobal networking solutions provider Cisco (Nasdaq: CSCO) recently announced its first quarter results that outpaced market expectations. But the market headwinds are troubling the company as it reduced its outlook significantly for the coming year. Cisco’s Financials Cisco’s first quarter revenues grew 8% to $14.7 billion, ahead of the Street’s forecast of $14.61 billion. […]

Gold Prices Up 1% After US PCE Data Softer Than Expected

Dec 22, 2023 Jeremy Parkinson Finance 0

Image courtesy of 123rf.comThe core personal consumption expenditures (PCE) price index climbed 3.2% on an annual basis in November, lower than estimated. The headline PCE rate also fell last month, pushing gold and equity prices higher on Friday. CPE Sees First Monthly Decine Since April 2022The core PCE price index, the Fed’s preferred inflation gauge that disregards food […]

Chart Of The Day: Core & Main – Industrial Distribution

Dec 22, 2023 Jeremy Parkinson Finance 0

100% technical buy signals 17 new highs and up 16.49% in the last month 109.54+ Weighted Alpha The Chart of the Day belongs to the industrial goods distribution company Core & Main (CNM). 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 […]

Softs Report – Friday, Dec. 22

Dec 22, 2023 Jeremy Parkinson Finance, No picture 0

Photo by Marianne Krohn on Unsplash CottonGeneral Comments: Cotton closed a little lower yesterday in follow-through selling. Daily chart trends turned down with the price action on Friday. The weekly export sales report showed diminished sales. The US economic data has been positive, but the Chinese economic data has not been real positive and demand […]

Inflation Shocker: Prices Fall In November

Dec 22, 2023 Jeremy Parkinson Finance 0

Image Source: Pixabay In this video, we’re taking a look at the latest inflation data and it’s surprising news!Video Length: 00:14:56More By This Author:Stocks Rebound On December 21, 2023, But Fail To Impress Massive Sell-Off: What Really Happened On December 20th? Stocks Drop Sharply Following Vix Expiration On December 20, 2023

Analytical Overview Of The Main Currency Pairs – Friday, Dec. 22

Dec 22, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0935 Prev Close: 1.1010 % chg. over the last day: +0.68 % The dollar came under pressure on Thursday due to weaker-than-expected US GDP and Philadelphia Fed reports, which proved to be dovish for the Fed’s policy. In addition, hawkish comments from ECB Vice President […]