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Four Scenarios For Thursday’s Bank Of England Meeting, With Another Pause Likely

Four Scenarios For Thursday’s Bank Of England Meeting, With Another Pause Likely

We expect the Bank of England to keep rates on hold for a second consecutive month. Inflation is still too high, but we expect more progress over the coming months and that should enable some gradual rate cuts from the summer next year. Four scenarios for the November Bank of England meeting Market forecasts based […]
These 3 AI Stocks Offer Great Value But Are Under The Radar For Now

These 3 AI Stocks Offer Great Value But Are Under The Radar For Now

Image Source: Pixabay After reaping the benefits from the artificial intelligence (AI) hype, Nvidia (Nasdaq: NVDA) stock is down 13% since the end of July. Yet, the demand for generative AI is so strong that the GPU maker is still up 184% year-to-date. This suggests that NVDA’s price is in the correcting stage of its overbought […]
U.S. Bombs Syria As Gold Breaks $2,000, Silver Lags, Mining Stocks Baffle

U.S. Bombs Syria As Gold Breaks $2,000, Silver Lags, Mining Stocks Baffle

Image Source: Unsplash It’s getting close to pandemonium in the Middle East as the United States has just bombed Syria “in self defense” of its armed forces, which happen to be stationed in Syria for entirely peaceful reasons. These actions apparently are “separate and distinct from the ongoing conflict between Israel and Hamas”, according the Secretary […]
Fed’s Inflation Gauge Rises At The Fastest Pace In Five Months

Fed’s Inflation Gauge Rises At The Fastest Pace In Five Months

Image Source: Pexels Stocks are attempting to recover from recent selloffs as market players engage in aggressive dip buying of technology shares. Positive earnings reports from Amazon and Intel are certainly helping the bull case. Economic data this morning, meanwhile, depicted a consumer whose pace of spending exceeded income by a wide margin. The consumer spending, […]
Industrial Stocks Are The New Growth Stocks

Industrial Stocks Are The New Growth Stocks

Image Source: Pixabay The world’s major industrial companies are approaching a tipping point that is beginning to transform the fortunes of the major players.One example is the digitalization drive that is transforming the fortunes of industrial automation giants such as Honeywell International (HON), making them more profitable and less vulnerable to market cycles, according to ratings agency Moody’s.The […]
ENPH Got Crushed

ENPH Got Crushed

Image Source: Pixabay Technical analysis of the stock chart for ENPH.Video Length: 00:02:18More By This Author:Meta Platforms: An Interesting OpportunityBill Ackman Exits His Short Position – Here Is WhyCrypto Is Moving
Gold’s New Major Upleg

Gold’s New Major Upleg

Image Source: Pixabay A new major upleg is underway in gold, which should easily achieve new all-time record highs. That will greatly boost investor interest and capital inflows into this leading alternative asset. Despite gold’s sharp V-bounce, speculators’ gold-futures positioning remains really bullish. Their huge normalization buying still coming ought to drive gold high enough for […]
Economists No Longer Expect A Recession. Are They Right?

Economists No Longer Expect A Recession. Are They Right?

Economists no longer expect a recession. Such was according to a recent WSJ survey of Wall Street economists. To wit: “In the latest quarterly survey by The Wall Street Journal, business and academic economists lowered the probability of a recession within the next year, from 54% on average in July to a more optimistic 48%. That is the first time […]
US Mortgage Purchase Applications Fell 25.4% Over The Past Seventeen Weeks, Hitting Lowest Since 1995

US Mortgage Purchase Applications Fell 25.4% Over The Past Seventeen Weeks, Hitting Lowest Since 1995

The surge in mortgage rates has tempered the excitement of American homebuyers, evident in the steep drop in mortgage purchase applications over the last seventeen weeks. This decline has led to the lowest levels seen since February 1995, as reported in Wednesday’s data.Sources: Bloomberg, MBAAccording to the Mortgage Bankers Association (MBA), for the week ending October 20, 2023, […]
Spending Soars, Income Stagnates, Savings Sink Like The Titanic

Spending Soars, Income Stagnates, Savings Sink Like The Titanic

Real life intruded yesterday, so I didn’t put up any information about the Q3 GDP report. I’ll write in detail next week, but in the meantime there were 4 basic highlights:1. Obviously it was an excellent report overall.2. The long leading metric of real residential fixed spending also rose slightly, although as a share of […]