January 2024 - Page 53 of 87 -

Nasdaq Shakes Off Upbeat Jobs Data, Logs 5-Day Losing Streak

Jan 04, 2024 Jeremy Parkinson Finance 0

The Dow edged higher Thursday, reversing some of its early 2024 losses in the wake of optimistic jobs data. Meanwhile, the S&P 500 closed near breakeven, as the Nasdaq posted a fifth-consecutive loss — its longest such streak since October 2022 — amid uncertainty concerning the Fed’s future interest rate moves. GOLD PRICES RISE FROM 2-WEEK […]

How AI Will Impact The World Of Trading In 2024 And Beyond

Jan 04, 2024 Jeremy Parkinson Finance, No picture 0

Photo by Steve Johnson on Unsplash The emergence of artificial intelligence (AI) is transforming various areas of our lives. From retail, transportation, manufacturing, and healthcare to finance, AI is changing the traditional ways of doing things and opening up unprecedented opportunities. Artificial Intelligence is also reshaping the world of trading. It is helping traders and investors to automate their […]

Debt Rollovers Could Trigger Economic Shock

Jan 04, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pixabay Rosenberg delivers his own economic analysis, cautioning about the ‘illusion of sturdy household balance sheets’ and predicting a potential default cycle ahead. He breaks down complex economic indicators, addressing why delinquency rates in autos and credit cards are alarmingly reminiscent of pre-2008 levels. The discussion also touches on the Fed’s influence on the […]

Still Waiting For The Recession, Weekly Data Through 12/30

Jan 04, 2024 Jeremy Parkinson Finance, No picture 0

Through the year’s end, Year-on-Year growth is accelerating modestly, according to the WEI.Figure 1: Lewis-Mertens-Stock Weekly Economic Index (blue), and Baumeister-Leiva-Leon-Sims Weekly Economic Conditions Index for US plus 2% trend (green), all y/y growth rate in %. Source: NY Fed via FRED, WECI, accessed 1/4, and author’s calculations.The WECI+2% thru 12/30 is (2.13%), while WEI reading is 2.44%. […]

Sentiment Signals Mixed

Jan 04, 2024 Jeremy Parkinson Finance, No picture 0

The S&P 500 has gotten off to a rocky start to the new year, but it hasn’t knocked down bullish sentiment yet. This week’s bullish sentiment reading from the American Association of Individual Investors (AAII) rose from 46.3% in the final week of 2023 up to 48.6% this week. That edges bullish sentiment back towards the multi-year […]

Walgreens Boots Dividend Cut

Jan 04, 2024 Jeremy Parkinson Finance, No picture 0

Walgreens Boots Alliance (WBA) cut its dividend because of high debt and leverage and lower free cash flow, limiting its ability to invest in growth initiatives.The company’s struggles have caused the share price to decline since its peak in 2015. Simultaneously, the yield had surged to almost 10% at its high, a value usually associated […]

The 2024 Economic Outlook

Jan 04, 2024 Jeremy Parkinson Finance, No picture 0

Image source: Pixabay Silicon Valley bank imploded. Taylor Swift started her Eras tour. We entered the debt ceiling debate yet again. OpenAI blah blah. Labor market housing market stock market crypto again somehow inflation federal reserve sentiment gas prices fear.This year has been tiring for many people, for a lot of reasons.Good things: We managed to […]

WTI Crude Oil Slips Back Into $72.00 Despite Middle East Tension, U.S. Crude Stocks Decline

Jan 04, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pixabay West Texas Intermediate (WTI) US Crude Oil backslid on Thursday despite a decline in Crude Oil supplies, with gasoline reserves surging higher according to data from the Energy Information Administration (EIA).Crude Oil rose on Wednesday as Iranian-backed Houthi rebels continue to attack ships in the key logistic waterways around Yemen, and energy investors continue to […]

Bad Santa And Bad Apples

Jan 04, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash In the short year that has transpired so far, there have been two key themes in the equity market. First is that the so-called “Santa Claus Rally” failed to materialize. The second is that Apple (AAPL) has been hit by sequential downgrades. Neither is a positive, but neither is all that surprising.The absent […]

Global AI Ambitions: The Drive For Technological Sovereignty

Jan 04, 2024 Jeremy Parkinson Finance, No picture 0

Image created using DALL·E 3 with this prompt: A view of the Earth, from outer space, where each country is filled/populated with the AI systems they have created and built. Futuristic, idealistic. Aspect ratio: 16×9. Is “AI Nationalism” a thing? Several countries have recently launched initiatives to establish themselves as frontrunners in the AI race.Abu […]