March 2024 - Page 154 of 200 -

Market Talk – Tuesday, March 12

Mar 12, 2024 Jeremy Parkinson Finance 0

ASIA:The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 22.98 points or -0.06% to 38,797.51 Shanghai decreased 12.52 points or -0.41% to 3,055.93 Hang Seng increased 505.93 points or 3.05% to 17,093.50 ASX 200 increased 8.30 points or 0.11% to 7,712.50 Kospi increased 21.97 points or 0.83% to 2,681.81 SENSEX increased […]

S&P 500 Notches Record Close; ‘Fear Gauge’ Sinks

Mar 12, 2024 Jeremy Parkinson Finance 0

The S&P 500 logged a record close on Tuesday, as contentment with the consumer price index (CPI) for February took hold of Wall Street. Meanwhile, the Dow and Nasdaq notched healthy triple-digit wins as investors — who still expect interest rate cuts in June — rotated back into the tech sector, with both Nvidia (NVDA) and […]

Stocks Are Testing New Highs As Inflation Comes In Hot (Again)

Mar 12, 2024 Jeremy Parkinson Finance 0

Image Source: Pexels The headwinds are blowing stronger and stronger, but most stocks are still defying gravity and, in a lot of cases, common sense. All three big indexes were looking strong in late trading today.And this is all despite the fact that we got a hotter-than-expected CPI report this morning.But Bitcoin, which, along with gold, […]

WTI Turns Green After API Reports Across-The-Board Inventory Draws

Mar 12, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Oil prices slipped lower today after uglier than expected inflation sent yields higher (whipsawed wider markets) and perhaps more notably, OPEC said its latest supply cuts had stalled as Iraq and Libya produced more than their quota.Slightly higher-than-expected CPI numbers are not likely to “rock the boat,” said Ole Hansen, a commodity strategist at […]

Don’t Fool Yourself: Higher Rates Will Bring Pain To The Credit Markets

Mar 12, 2024 Jeremy Parkinson Finance 0

Image source: Pixabay Since the October lows, stocks have roared back to record highs, and bonds have risen solidly as US 10yr Treasury yields have dropped from 5% to near 4%.Will the bull run continue through the rest of 2024? It is an election year in America after all.Or, have the animal spirits carried assets to […]

If China’s Economy Is A Basket Case, What Do We Call Mexico’s?

Mar 12, 2024 Jeremy Parkinson Finance 0

Image Source: Pexels There have been lots of reports in the media about China’s economic problems in recent months. Most of these pieces imply that it is facing some imminent disaster.I will claim no special expertise on China, and it certainly looks like its government is pursuing some seriously wrongheaded policies, but it’s pretty difficult to […]

Labor: Not The Problem It Used To Be

Mar 12, 2024 Jeremy Parkinson Finance 0

In an earlier post, we discussed the latest NFIB survey of small businesses. While optimism was weak, a particular area of concern was employment. What businesses reported to be their most important problems reiterated this. As shown below, of all the problems highlighted, labor took a backseat in February with a five percentage point decline in […]

Utilities On Deck

Mar 12, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash As boring as the Utilities are, it is just about the only symbol around that has been steadfastly following the rules. The diamond pattern is still absolutely intact, and the series of lower lows and lower highs has been in place for years. This might not be a bad place to get short […]

Visualizing All Of The U.S. Currency In Circulation

Mar 12, 2024 Jeremy Parkinson Finance 0

Have you ever wondered how much U.S. currency is in circulation?Every year, the U.S. Federal Reserve submits a print order for U.S. currency to the Treasury Department’s Bureau of Engraving and Printing (BEP). The BEP will then print billions of notes in various denominations, from $1 bills to $100 bills.In this graphic, we’ve used the […]

Ethereum Dencun Upgrade Causes Excitement Among Layer 2 Tokens

Mar 12, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash As Ethereum gears up for the highly anticipated Dencun upgrade on Wednesday, March 13, the blockchain community is abuzz with excitement.The update aims to revolutionize Ethereum by reducing layer 2 (L2) transaction fees and bolstering scalability. Ethereum’s evolution: from Beacon Chain to Dencun upgrade Ethereum has undergone a transformative journey, setting the stage […]