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Stocks Static Even As Inflation Fears Fade

Stocks Static Even As Inflation Fears Fade

Stocks are flat midday, potentially ending the week, month, and quarter with a whimper. Wall Street is seemingly ambivalent about a double dose of upbeat economic data that points to a cheery economic outlook, with the Dow Jones Industrial Average (DJIA) last seen marginally higher. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also barely […]
S&P 500 Earnings Dashboard 23Q4 – Thursday, March 28

S&P 500 Earnings Dashboard 23Q4 – Thursday, March 28

Image Source: Pexels  S&P 500 Aggregate Estimates and Revisions The 23Q4 Y/Y blended earnings growth estimate is 10.1%. If the energy sector is excluded, the growth rate for the index is 13.7%. Of the 498 companies in the S&P 500 that have reported earnings to date for 23Q4, 76.3% 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 […]
USD/JPY Stalls Amid Mixed Market Mood, Intervention Concerns

USD/JPY Stalls Amid Mixed Market Mood, Intervention Concerns

The USD/JPY remains subdued during the North American session, trading at 151.28, almost flat, amid renewed fears of Japan’s intervening in the markets to cap the Japanese Yen (JPY) weakness. USD/JPY trades cautiously with US economic growth and job data in focus, alongside Japan’s intervention warningsMarket sentiment is mixed amid thin liquidity trading as the year’s first quarter […]
“More To Grow Or Time To Go?” Stock Market (And Sentiment Results)…

“More To Grow Or Time To Go?” Stock Market (And Sentiment Results)…

Image Source: Pixabay  On Tuesday afternoon I joined Charles Payne on Fox Business to discuss market indicators, market outlook, and three positions. Thanks to Charles, Nicholas Palazzo, and Kayla Arestivo for having me on:Video Length: 00:04:41After Fox Business, I went over to the Yahoo! Finance studio to talk with Akiko Fujita and Josh Lipton about picks, market […]
Grains Report – Thursday, March 28

Grains Report – Thursday, March 28

Photo by Evi Radauscher on Unsplash DJ U.S. Export Sales: Weekly Sales Totals-Mar 28 For the week ended Mar 21, in thousand metric tons, except cotton in thousand running bales. Net changes in commitments are gross sales, less cancellations, buy-backs and other downward adjustments. Total commitments are total export shipments plus total sales. The marketing year for wheat and […]
German Consumers Still In Hibernation

German Consumers Still In Hibernation

Image source: Pixabay  Disappointing retail sales and still weak consumer confidence suggest that the consumption-driven recovery remains more of a dream than a reality for Germany.In the less pessimistic forecasts for the German economy in 2024, private consumption plays a crucial role. On the back of assumed real wage growth (in the less pessimistic forecasts), private […]
Pending Home Sales Hover Near Record Lows In February

Pending Home Sales Hover Near Record Lows In February

After puking in January, pending home sales were expected to rebound modestly (+1.5% MoM) in February and it did (+1.6% MoM) with a small upward revision for Jan (from -4.9% to -4.7% MoM). However, this still left sales down 2.2% YoY…Source: BloombergThat leaves pending home sales hovering just off record lows…Source: BloombergA recent report showed […]
Copper’s Red-Hot Rally, Fueled By EVs, Renewables And A Smelter Squeeze

Copper’s Red-Hot Rally, Fueled By EVs, Renewables And A Smelter Squeeze

Copper futures climbed as high as $9,164.50 per metric ton on the London Metal Exchange (LME) on Monday, March 18, marking a fresh 11-month high. The rally comes hot on the heels of a months-long sideways grind, propelled by supply risks and growing optimism around the global economic outlook.Contributing to the run-up is news that […]
BoJ’s Tone: A Slow, Optimistic Influence On USD/JPY

BoJ’s Tone: A Slow, Optimistic Influence On USD/JPY

Image Source: Pixabay   The Bank of Japan’s dovish signals counter Japanese government intervention threats, keeping USD/JPY above 151. Recent BoJ statements highlight a cautious but optimistic economic outlook, potentially influencing USD/JPY dynamics. Market watchers see BoJ’s actions and global economic indicators as the yen battles intervention speculation and policy uncertainty. In the swirling currents of […]
Initial Claims Remain Somnolent, While Continuing Claims Pop Slightly

Initial Claims Remain Somnolent, While Continuing Claims Pop Slightly

The divergence in the trends between initial and continuing claims continued this week, as the former continued their somnolent good news, while the latter had a slightly disconcerting pop.Initial claims declined -2,000 to 210,000, and the four-week average declined from -750 to 211,000. On the other hand, with the usual one-week delay, continuing claims rose […]