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Good Data Isn’t Enough

Oct 25, 2023 Jeremy Parkinson Finance 0

Image Source: Pexels Good economic data isn’t enough. You need a good economic framework for that data.Video Length: 00:00:57More By This Author:Are The Chinese Selling Dollars To Buy Gold? War Wakes Gold Up The Illusion Of Prosperity

New Home Sales Jump 12.3 Percent Smash Expectations

Oct 25, 2023 Jeremy Parkinson Finance 0

New Home Sales data from Commerce Department, chart by MishExpectations vs Reality The Econoday consensus was for new home sales for September to be 685,000 at a Seasonally Adjusted Annualized Rate (SAAR). That was an expected jump of 9,000 (about 1.3 Percent). The Commerce Department reports new home sales at 759,000 SAAR. That’s a jump of 12.3 […]

IBM Q3 Earnings Surpass Estimates

Oct 25, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash IBM (IBM – Free Report) came out with quarterly earnings of $2.20 per share, beating the Zacks Consensus Estimate of $2.12 per share. This compares to earnings of $1.81 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.77%. A quarter ago, it was expected […]

Market Talk – Wednesday, Oct. 25

Oct 25, 2023 Jeremy Parkinson Finance 0

ASIA:China plans to implement a new round of fiscal stimulus to support its economic recovery, utilizing a well-established strategy that relies heavily on debt and state spending. This approach lacks the more profound reforms suggested by a growing number of analysts. Some government advisers propose raising the 2024 budget deficit target beyond the current 3% […]

Meta Jumps After Beating Estimates, Cuts Expense & CapEx Guidance, Sees Metaverse Losses Rising “Meaningfully”

Oct 25, 2023 Jeremy Parkinson Finance 0

Image Source: Pixabay Following up on our preview of hedge-fund darling Meta’s Q3 earnings, we note that the last few months have been quite positive for the company: last quarter Meta rebounded from a digital ad slump, beating expectations and hitting double-digit revenue growth for the first time in 18 months. Expectations will be high after the […]

Nasdaq Clocks Lowest Close Since February

Oct 25, 2023 Jeremy Parkinson Finance 0

Despite brief forays into the black, the Dow and S&P 500 ultimately finished lower for their fifth loss in the last six trading sessions. As the 10-year Treasury yield tested 5% again, the Nasdaq suffered its worst single-session percentage drop since February, with Alphabet (GOOGL) weighing especially heavy on investor sentiment after a cloud-related post-earnings dip. All […]

What Happens When Gold Breaks $2,000

Oct 25, 2023 Jeremy Parkinson Finance, No picture 0

↵Image Source: Unsplash In the past 3 years, we’ve seen the gold price break the $2,000 level on several occasions. Yet each time it’s come back in, leaving many wondering what it will finally take for a decisive breakthrough that finally leaves the $2,000 level in our rear-view mirror.So in today’s show, we talk with Francis […]

Crude Is Pulling Back. Is This A Buying Opportunity?

Oct 25, 2023 Jeremy Parkinson Finance 0

Image Source: Pixabay I recently wrote about the sell-off in energy-related equities, 2 days before the vicious Hamas terror attack against Israel on October 7. The attack, and subsequent Israeli air strikes, caused WTI (Western Texas Intermediate) crude to rise to a short term high of 90 on October 19.Even though Israel is not a major gas […]

Macro: New Residential Sales

Oct 25, 2023 Jeremy Parkinson Finance 0

Prices peaked in Oct 2022 and came down about 9% by May 2023. People took advantage of the lower prices and sales went up in the 3rd quarter. As such, prices are up in the 3rd quarter. There are about 35% more units for sale than the historic average. About 2/3 of these units are […]

Today’s Energy Bottleneck May Bring Down Major Governments

Oct 25, 2023 Jeremy Parkinson Finance 0

Recently, I explained the key role played by diesel and jet fuel. In this post, I try to explain the energy bottleneck the world is facing because of an inadequate supply of these types of fuels, and the effects such a bottleneck may have. The world’s self-organizing economy tends to squeeze out what it considers non-essential parts […]