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FTSE Lloyds Reverses Early Losses To Improve Overall Sentiment

FTSE Lloyds Reverses Early Losses To Improve Overall Sentiment

  ↵Image Source: Pexels The UK’s FTSE 100 experienced a small advance of 0.2% on Wednesday. The decline in shares of Reckitt, following the company’s failure to meet quarterly sales expectations weighed on the index. Rio Tinto investors cheered the announcement that the business welcomed James “Joc” O’Rourke as a non-executive director, effective from October 25, 2023. […]
Netflix Inc. Chart Analysis

Netflix Inc. Chart Analysis

Image Source: Unsplash Bob Lang gives a technical analysis of the stock chart for NFLX.Video Length: 00:01:53More By This Author:Do Not Ignore The Federal Reserve’s Warnings Market Blast – Monday, Oct. 23 Daily Bites For Thursday, Oct. 19
Large Vs Small Gap Keeps Widening

Large Vs Small Gap Keeps Widening

With each passing day this year, it seems as though the underperformance of small caps relative to large caps keeps getting wider. While the small-cap Russell 2000 is currently down over 30% from its post-Covid highs and within 1% of a multi-year low, large caps have held up relatively well as the S&P 500 is […]
Alphabet Earnings, Rising Bond Yields Drag Nasdaq

Alphabet Earnings, Rising Bond Yields Drag Nasdaq

The Nasdaq is sporting a hefty triple-digit deficit at midday, as Alphabet’s (GOOGL) disappointing cloud revenue and rising bond yields weigh on tech stocks. Meanwhile, the S&P 500 Index (SPX) is modestly lower, and the Dow Jones Industrial Average (DJI) is higher. Traders are also unpacking new home sales data, which totaled 759,000 in September, well […]
You Need To Be Buying REITs Right Now

You Need To Be Buying REITs Right Now

Image Source: Unsplash The real estate investment trust (REIT) sector has suffered for almost two years in a bear market that started at the end of 2021. REIT share prices should soon bottom, and it’s a great time to invest in the sector.You want to find the best-run companies with the strongest potential for strong dividend […]
SPX 200-D MA Games

SPX 200-D MA Games

S&P 500 was slowly and steadily crawling higher through 4,260 till 4,280, but even in the run up to GOOG and MSFT earnings, made it to 4,290 only. The key event was Blinken‘s statement on Iran, fitting well with the path of escalation I described in Sunday‘s extensive article. ES declined to 4,245, but had trouble breaking […]
A Case Of Overkill

A Case Of Overkill

Image source: Pixabay It is not just rapid hikes in the overnight rate (525 basis points in 18 months by the US Fed and 475 basis points in Canada), which are contracting credit and slowing spending through the real economy. The drop in equity and bond prices, along with the jump in fossil fuel costs and […]
Real Rates Drive Stock Prices

Real Rates Drive Stock Prices

Our Daily Market Commentary provides market insight, analyzes economic and financial news, and highlights a few graphs worthy of discussion. Occasionally, we stumble upon a graph that deserves more than the paragraph or two we typically allot in the Commentary. The chart below, courtesy of SoFi and Bloomberg, is one example. It compares real rates and stock […]
Analytical Overview Of The Main Currency Pairs – Wednesday, October 25

Analytical Overview Of The Main Currency Pairs – Wednesday, October 25

The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0661 Prev Close: 1.0589 % chg. over the last day: -0.67 % On Tuesday, economic news from the US supported the dollar after the US manufacturing PMI for October unexpectedly rose to 50.0, a 6-month-high, stronger than expectations of a decline to 49.5. As a result, EUR/USD declined by 0.67% on […]
Does The Confidence Index Say We’re In A Recession?

Does The Confidence Index Say We’re In A Recession?

Title of the last Conference Board post on the index reads: “Expectations Index Declined for the Second Straight Month, Sinking Back Below Recession Threshold”. Here’s a picture of this index, compared against the University of Michigan Consumer Sentiment index.Figure 1: University of Michigan Consumer Sentiment index (blue), and Conference Board Consumer Confidence index (tan). NBER defined peak-to-trough […]