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The Federal Budget Deficit Was Back To Normal In February – Massive

The Federal Budget Deficit Was Back To Normal In February – Massive

Image Source: Pexels Thanks to record tax receipts, the January budget deficit was “only” $21.93 billion in January. In February, government receipts fell back to normal. Spending was normal too – normally high. As a result, the February budget deficit was back to normal – massive.The Biden administration ran a $296.28 billion budget shortfall last month, according […]
Tesla Vs Li Auto: Which EV Stock To Back In 2024?

Tesla Vs Li Auto: Which EV Stock To Back In 2024?

Image courtesy of 123rf.com For the six-month period, Tesla (Nasdaq: TSLA) has been the only S&P 500 (SPX) stock with a double-digit loss of 35.91%. This also translates to the three months following negative coverage of EVs during winter conditions.The pure EV sector faces problems with entry-level affordability, charging infrastructure, and resale value as it is […]
Stocks Scatter As Treasury Yields Rise

Stocks Scatter As Treasury Yields Rise

Another hotter-than-expected inflation reading has stocks seeking direction this afternoon. Treasury yields are rising in response to producer price index (PPI) data, with the 10-year note up 9 basis points at last look. As for the major benchmarks, the Dow Jones Industrial Average (DJI) is down 57 points, while the S&P 500 Index (SPX) is slipping lower, and […]
Producer Price Index (PPI) Much Hotter Than Expected In February

Producer Price Index (PPI) Much Hotter Than Expected In February

Producer prices from the BLS, chart by MishHere are details from the BLS Producer Price Index report for February.Month-Over-Month PPI vs Bloomberg Consensus PPI 0.6 Percent vs Expected 0.3 PPI Goods 1.2 Percent PPI Services 0.3 Percent PPI Excluding Food and Energy 0.3 Percent vs Expected 0.2 Percent PPI Key Details The Producer Price Index for final […]
FTSE Falters As EX Divi’s Weigh

FTSE Falters As EX Divi’s Weigh

Image Source: Pexels In early trading on Thursday, Britain’s primary stock indexes showed a mixed performance as some positive earnings reports were counteracted by losses in stocks of companies trading ex-dividend. The FTSE 100, which is heavily influenced by exporters, remained under pressure shedding 0.75% on the session. On the fundamental front The housing market in Britain […]
The Return Of Higher For Longer, DLTR: A Tale Of Two Economies

The Return Of Higher For Longer, DLTR: A Tale Of Two Economies

As markets have digested the slightly hotter-than-expected February CPI on Tuesday morning, the idea of sticky inflation has started to take hold and the debate about the timing of the first rate cut pushed back to June. A week ago the probability of a May cut was 25% but now it’s only 6%.You’d think this would be bearish […]
Buy List Stock For March 2024: NextEra Energy

Buy List Stock For March 2024: NextEra Energy

Image Source: Pixabay  A buy list stock for March 2024 is NextEra Energy (NEE). I see this as a falling knife, i.e. a speculative play on a company whose stock fell quite a bit but that has very good chances to go up again.  NextEra Energy Business ModelNextEra Energy, Inc. is an electric power and energy […]
Analytical Overview Of The Main Currency Pairs – Thursday, March 14

Analytical Overview Of The Main Currency Pairs – Thursday, March 14

Image Source: Pixabay  The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0927 Prev Close: 1.0948 % chg. over the last day: +0.19 % On Wednesday, the US dollar gave up Tuesday’s small rally, triggered by a slightly hawkish US CPI report. The US retail sales and producer price index reports will be released today. February retail […]
Good News And Bad News Thursday: The Bad News Is Real Retail Sales

Good News And Bad News Thursday: The Bad News Is Real Retail Sales

The bad economic news this morning was that after taking into account inflation, retail sales, which rose 0.6% nominally, were only up 0.2%, and last month’s number, which I described as making a “face-plant,” was revised down a further -0.3% to -1.1%.In other words, the net result was that real retail sales were -0.1% worse […]
Adobe Q1 Results: Expectations High For AI And Creative Cloud Growth

Adobe Q1 Results: Expectations High For AI And Creative Cloud Growth

Image Source: Pexels  Analysts and investors closely monitor the company’s performance and plans as the technology industry eagerly awaits Adobe’s (Nasdaq: ADBE) Q1 2024 earnings report.With Adobe’s strong position in the digital media market and its increasing focus on artificial intelligence (AI), expectations are running high. The company’s Creative Cloud suite, which includes popular applications like Photoshop and Illustrator, […]