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We Need To Discuss The New GDP Data Immediately

We Need To Discuss The New GDP Data Immediately

Image source: Pixabay US GDP surged in Q3 as the economy experiences the absolute peak of the disinflation rebound. You’d think that rates would be skyrocketing as would something like oil, both reading the big figures as confirming the need for higher rates due to unbreakable American demand. But, nope, markets basically ignored the data…for good […]
Oil Bulls To Fight Bearish Seasonal Signal

Oil Bulls To Fight Bearish Seasonal Signal

Image Source: Unsplash The geopolitical crisis in the Middle East has been providing a boost for oil prices on speculative flows. The risk of a wider conflict could threaten oil supply to the world and that has been the reason for sudden buyers to step into the oil market pushing prices higher. However, the seasonal bias […]
Stocks Mixed As Nasdaq Rallies To End The Week

Stocks Mixed As Nasdaq Rallies To End The Week

Stocks are mixed midday, as investors unpack the latest corporate earnings reports, as well as personal consumption expenditures and consumer spending data. Amazon’s (AMZN) post-earnings pop is propping up the Nasdaq Composite (IXIC), though the tech-heavy benchmark is still on track for weekly losses alongside the other indexes. The Dow Jones Industrial Average (DJI) was last seen down […]
Crude Oil Forecast: Trades Like Crypto

Crude Oil Forecast: Trades Like Crypto

Looking ahead, a potential Israeli ground operation in Gaza could trigger a spike in crude prices. Crude oil markets have experienced a noticeable downturn during the early trading hours of Thursday, as a wave of geopolitical unrest continues to heavily influence oil prices. Investors and market watchers are seeing noisy trading lately, trying to decipher the […]
PayPal To Post Q3 Earnings: What’s In The Offing?

PayPal To Post Q3 Earnings: What’s In The Offing?

Image Source: Pexels PayPal Holdings, Inc. (PYPL – Free Report) is scheduled to report third-quarter 2023 results on Nov 1.For the third quarter, the company projects revenues at $7.4 billion, indicating year-over-year growth of 8% on a spot rate basis and a currency-neutral basis. The Zacks Consensus Estimate for revenues is pegged at $7.39 billion, indicating an improvement of 8% […]
Cloud Stocks: IBM’s Growing Generative AI Investments

Cloud Stocks: IBM’s Growing Generative AI Investments

Photo Credit: Mikita Yo on Unsplash IBM (NYSE: IBM) recently announced strong results for its third quarter. The company continues to grow through investments in generative AI. IBM’s Financials Revenues for the third quarter grew 4.6% to $15.75 billion, surpassing Street’s estimates of $15.73 billion. Adjusted earnings of $2.20 a share was ahead of the analyst estimates of […]
The Energy Report: Spared From The Fire

The Energy Report: Spared From The Fire

Photo by Zbynek Burival on UnsplashOil prices rise as US fighter jets attack so-called Iranian-linked sites in Syria hitting two weapons and ammunition depot as the US sends more troops to the Middle East. This comes as Iran’s Foreign Minister Hossein Amirabdollahian makes threats to the US by saying “If the genocide continues in Gaza, […]
Spot Gold Up Over 6% In 30 Days And Likely To Hit $2,000

Spot Gold Up Over 6% In 30 Days And Likely To Hit $2,000

Image Source: Pexels Spot gold prices shot up more than 6% in the past 30 days as tough macroeconomic and geopolitical circumstances highlighted by rising Treasury yields, the Israel-Hamas war, and US debt turmoil increased the appeal of safe-haven assets. Meanwhile, gold futures crossed the $2,000 mark on Thursday for the first time in two months.  Gold Futures Hit $2,000 […]
Frost & Snow Ahead – The Corn & Ethanol Report

Frost & Snow Ahead – The Corn & Ethanol Report

Photo by Demian Tejeda-Benitez on UnsplashWe kickoff the day with Core PCE Prices MoM & YoY, Personal Income MoM, Personal Spending, and PCE Price Index MoM & YoY at 7:30 A.M., Fed Barr Speech at 8:00 A.M., Michigan Consumer Sentiment Final, Michigan 5-Year Inflation Expectations Final, Michigan Consumer Expectations Final, Michigan Current Conditions Final, and Michigan Inflation […]
Real Disposable Personal Income Drops For The Third Month But Spending Jumps

Real Disposable Personal Income Drops For The Third Month But Spending Jumps

Personal Income and Outlays from the BEA, annotations by Mish Weak Income, Strong SpendingThe Personal Income and Outlays report for September repeats the central theme for several months, weak income but strong spending anyway. Personal Income Personal income increased $77.8 billion (0.3 percent at a monthly rate) in September. Disposable personal income (DPI), personal income less personal […]