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Archives by Year:
Sticky Inflation Means Higher For Longer And The Magnificent 7 Are Out Of Gas
Stocks rallied hard on Tuesday in the wake of the February CPI – but it didn’t make any sense. The CPI came in slightly hotter than expected and this sticky inflation has taken a May rate cut off the table. In fact – as you can see in the chart above by Jim Bianco – the probability of […]
China’s Weak Credit Growth At Start Of Year Signals More Room For Policy Support
Image Source: Unsplash Credit indicators showed weak activity in the first two months of the year The People’s Bank of China published credit indicators for February after the Friday market close. Unlike the usual monthly release, the PBoC released data in a year-to-date form, likely to avoid the distortion from seasonality. For the first two months […]
Shorting The Broad Stock Market Is Probably Not The Best Way To Go
The US stock market has been undergoing internal rotations lately. We anticipated potential rotations to the more cyclical areas like Energy and Materials, as opposed to the Tech/Growth areas that Goldilocks has favored for most of the last year (also as anticipated, a year ago).As for Energy and Materials, per the NFTRH Trade Log the Energy sector (XLE) […]
FTSE Limping Into The Close, Reckitt Investors Riled As Lawsuit Weighs
Image Source: Pexels On Friday, the UK’s FTSE 100 remained relatively stable as investors monitored the global negative sentiment, with persistent U.S. inflation dampening hopes for interest rate reductions. Meanwhile, Vodafone saw an increase in its shares after selling its Italian division. The FTSE 100, which is heavily reliant on exports, maintained its position around the […]
More Inflation Data Pressures Stocks Even Lower
Inflation concerns are weighing on high-flying tech stocks this “Triple Witching” Friday, sending the Nasdaq Composite (IXIC) down more than 123 points to snag a weekly loss. The S&P 500 Index (SPX) and Dow Jones Industrial Average (DJI) sport more modest midday losses, but the latter is on track to turn in gains on the week. Ulta […]
EIA Confirms U.S. Producing More Oil Than Any Country In History
Photo by American Public Power Association on Unsplash In mid-December, I wrote here that the U.S. had set a new annual oil production record:“The U.S. set a new annual oil production record on December 15, based on data from the Energy Information Administration. Although the official monthly numbers from the EIA won’t be released for a couple of months, we […]
S&P 500 Earnings Dashboard 23Q4 – Friday, March 15
Image Source: Unsplash S&P 500 Aggregate Estimates and Revisions The 23Q4 Y/Y blended earnings growth estimate is 10.0%. If the energy sector is excluded, the growth rate for the index is 13.6%. Of the 498 companies in the S&P 500 that have reported earnings to date for 23Q4, 76.1% reported above analyst expectations. This compares to a long-term average of 66%. The 23Q4 Y/Y blended revenue growth estimate is 3.7%. If the […]
Analytical Overview Of The Main Currency Pairs – Friday, March 15
Image Source: Pixabay The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0949 Prev Close: 1.0885 % chg. over the last day: -0.59 % The dollar index gained 0.57% on Thursday’s hawkish US PPI report, which made market participants somewhat weaken their expectations of a Fed rate cut in the next few months. The dollar index was also […]
Adobe’s Shares Plummet As Quarterly Guidance Falls Short, Analysts Downgrade
Image Source: Unsplash In a recent turn of events, Adobe Systems Incorporated (Nasdaq: ADBE) experienced a sharp decline in its stock value, with shares plummeting by 12% following a quarterly forecast that failed to meet investor expectations.The company’s forecast for net new annual recurring revenue in its critical digital media segment—which encompasses Adobe’s leading cloud-based creative and document services—revealed a […]
Sensex Today Ends 335 Points; IT Stocks Drag
After opening the day marginally lower, Indian share markets extended the downtrend as the session progressed and ended the day lower.Bears were on the prowl on Friday as uncertainty over the timing of the Fed rate cut resurfaced following hotter-than-expected wholesale inflation data in the US.At the closing bell, the BSE Sensex stood down by 453 points […]
