December 2023 - Page 61 of 232 -

Government Wage Growth Hits Record High As Fed’s Favorite Inflation Indicator Tumbles

Dec 22, 2023 Jeremy Parkinson Finance 0

One of The Fed’s favorite inflation indicators – Core PCE Deflator – tumbled to +3.2% YoY (below the 3.3% exp and down from a downwardly revised 3.4% in October) – the lowest since April 2021.Headline CPI also slowed more than expected, to +2.6% YoY in November (from +2.9% in Oct)Source: BloombergThe headline PCE Deflator FELL 0.1% MoM – the first monthly […]

Stocks Fluctuate Following Recent Rally

Dec 22, 2023 Jeremy Parkinson Finance 0

Stock prices bounced back after their Wednesday’s rout, and they may see more volatility.The S&P 500 index remained above 4,700 level yesterday and retraced a large part of its Wednesday intraday sell-off. Maintaining a bullish bias is still justified, and the market may have another opportunity to reach new highs. However, it’s crucial to pay […]

Ethereum Forecast: Sees Bull Market

Dec 22, 2023 Jeremy Parkinson Finance 0

Overall, it’s reasonable to anticipate ongoing buying interest in Ethereum, with the $2,100 level serving as a substantial support zone. Ethereum displayed a modest rally during Thursday’s trading session, indicating a readiness to attract more buyers in the future. Ethereum has been facing some pressure due to the prevailing lower interest rates, a trend that […]

Premarket Moves: Nike Dips 11%, Karuna Therapeutics Soars 48%

Dec 22, 2023 Jeremy Parkinson Finance, No picture 0

Friday has seen several stocks make notable moves ahead of the market opening, with Nike (NKE) and Karuna Therapeutics (KRTX) capturing the most attention. The sportswear company fell notably on the revised revenue outlook, while Karuna’s shares jumped higher after reaching a deal to be acquired by Bristol Myers Squib for $14 billion. Nike Stock Plunges on Lower Revenue […]

Will Interest Rate Headwinds Turn Into Tailwinds?

Dec 22, 2023 Jeremy Parkinson Finance 0

Image Source: Pixabay Over the past two years, rising interest rates reversed several longstanding market relationships so significantly that they defy historical precedent.The most damning evidence is found in the equity market, where newly positive correlations between stock and bond returns eliminate the diversification benefit that existed when the historical relationship was consistently negative. The market commentary has rightfully focused […]

What Makes Occidental Petroleum So Unique To Warrant A 28% Stake By Berkshire?

Dec 22, 2023 Jeremy Parkinson Finance 0

Image Source: Pixabay Berkshire Hathaway acquired $312.09 million worth of OXY over the last three days. OXY shows significant fundamental strengths with an A rating on value investment. The company is also taking big strategic investment moves that will significantly grow revenues. Occidental Petroleum Corporation (NYSE: OXY) has been on the news lately. This was after Berkshire Hathaway […]

Gold Edges Higher Past $2k Ahead Of US PCE Deflator

Dec 22, 2023 Jeremy Parkinson Finance 0

Gold is set for a second consecutive week of gains as markets hold onto hopes for Fed rate cuts in 2024.Recall that lower interest rates tend to boost demand for gold, in light of the fact that bullion pays no interest to investors who hold on to them (zero-yielding asset).Hence, lower interest rates and yields […]

Stock Valuation: An Overview

Dec 22, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The goal of stock valuation is to assess whether a stock is overvalued, undervalued, or fairly priced in the market. Stock valuation estimates the intrinsic value of a company or stock, and there are several ways to go about it. Here, we look at several of the main methods. Stock Valuation: The BasicsThe […]

That’s One Heck Of A Drug

Dec 22, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash US stocks surged with the promise of interest rate cuts. Then stocks tanked when some Fed officials tried to walk that promise back. Then they surged again when some weak economic data put rate cuts back on the table. Easy money is one heck of a drug! In this episode, I explain the […]

EUR/GBP Dips To The 0.8660 Area Following Mixed UK Data

Dec 22, 2023 Jeremy Parkinson Finance 0

Image Source: Pixabay The Euro fails at 0.8690, the 61,8% Fib. retracement of the late November decline. UK economy contracted in the third quarter, against expectations. UK retail sales bounce up unexpectedly and ease negative pressure on the Pound. The Euro rally from early – December lows has been capped at the 0,8690 resistance area, […]