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United States Fed Inflation Report Pushes Back On Rate Cut Hopes

United States Fed Inflation Report Pushes Back On Rate Cut Hopes

Inflation numbers today showed a still-sticky inflation scenario for the United States. Inflation rose 3.2% year-on-year and 0.4% month-on-month in February. These latest figures may quench the rumors that rate cuts are coming for the US soon. The United States Bureau of Labor Statistics released its data on February CPI and core inflation today.The data showed that […]
Right Answer, Wrong Result

Right Answer, Wrong Result

The CPI just came out, and inflation is running hot across the board (even by the government’s completed fake, watered-down metrics).The bell curve below illustrates the expectations for the month-over-month print, and we definitely landed on the hot side, which few were expecting.The moment this came out, assets plunged across the board. And then, FOR […]
FTSE 100 Commentary – Tuesday, March 12

FTSE 100 Commentary – Tuesday, March 12

Image Source: Unsplash  FTSE Breaking OutThe FTSE is breaking higher today on the back of the latest UK economic data released this morning. The ONS reported that in the three months to January, UK wage growth slowed to 5.6% from 5.8% prior, this marks the lowest level of earnings increases since October 2022. Additionally, the unemployment […]
SPY Getting Rolling

SPY Getting Rolling

S&P 500 didn‘t produce a dead cat bounce to speak of Monday, and today‘s overnight resilience on ORCL earnings allows the bulls derisking into CPI, which is likely to come at least as hot as predicted – please see extensive Sunday article fore more.The performance within semiconductors and Bitcoin miners is especially troubling, and rotations would […]
Turkey’s Current Account Deficit Sees A Sharp Drop In January

Turkey’s Current Account Deficit Sees A Sharp Drop In January

The downward trend in Turkey’s current account that began after the peak last July has continued, with a drop seen in the 12-month rolling deficit to US$37.5bn from US$45.4bn a month ago.Current account (12M rolling, US$bn)Image Source: CBT, INGTurkey’s current account posted a deficit at US$2.6bn in the first month of this year, better than the market […]
Small Cap And Value Stocks Lag In This Year’s Rally

Small Cap And Value Stocks Lag In This Year’s Rally

Shares of small companies and value stocks have had a tough time keeping up with the broad market in recent years, and the headwind for these risk factors is still blowing so far in 2024.By contrast, the momentum factor (MTUM) has surged nearly 17% so far this year, dramatically outperforming its counterparts, based on a […]
Will CPI Data Drive Stocks Higher Again?

Will CPI Data Drive Stocks Higher Again?

Stocks prices appear to be stuck following their Friday’s reversal. Is this still a topping pattern?Stock prices were little-changed on Monday, with the S&P 500 index dropping by 0.11% vs. its Friday’s daily close. The market went sideways following its Friday’s intraday reversal from a new record high of 5,189.26. Yesterday, it went briefly below […]
Kohl’s Q4 EPS Of $1.67 Surpasses Expectations, Demonstrating Strong Cost Management

Kohl’s Q4 EPS Of $1.67 Surpasses Expectations, Demonstrating Strong Cost Management

Image Source: Unsplash  In the final quarter of fiscal year 2023, Kohl’s Corporation (NYSE: KSS) experienced a notable shift in its financial landscape. The quarter witnessed a slight decline in net sales by 1.1%, settling at $5.7 billion, and a more pronounced decrease in comparable sales by 4.3%.Despite these challenges, the company posted a diluted earnings per share […]
Asian Stock: Fortune Electric

Asian Stock: Fortune Electric

TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Company: Fortune Electric Company LimitedBloomberg ticker: 1519 TTMarket cap: US$3,138mBackground: Fortune Electric Company Limited is a Taiwanese fully integrated manufacturer of power equipment, including power and distribution transformers and switchgear. The products are used in electric power distribution […]
US CPI Inflation Report Draws Economists’ Attention

US CPI Inflation Report Draws Economists’ Attention

The US CPI inflation report will be the focus of attention for investors and traders as it is expected to provide some clarity on how consumer prices fluctuated in February. Some economists suggest that the Federal Reserve could cut interest rates during summer, but Fed’s policymakers have stressed that CPI data, as well as other […]