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Russell 2000 Q1 2024 Earnings Preview: Sharp Downward Revisions Precede Earnings Season

Russell 2000 Q1 2024 Earnings Preview: Sharp Downward Revisions Precede Earnings Season

As we delve into the Russell 2000 Q1 2024 earnings season, our comprehensive review leverages I/B/E/S, StarMine, and Datastream data from LSEG Workspace, offering both aggregate and individual company insights. Earnings Commentary Q1 earnings growth expectations have sharply declined more than usual as we enter earnings season. Over the past three months, Q1 growth projections have been adjusted downward by […]
Less than 0.5% of Runes tokens were successful, highlights analyst

Less than 0.5% of Runes tokens were successful, highlights analyst

Since the Runes launch, less than 0.5% of the meme coins created using this protocol were “successful.” Guiriba, a crypto analyst at Brazilian research firm Paradigma Education, shared on X that only 77 meme coins in the over 20,000 tokens launched have over 500 holders.Guiriba describes that the two most common ways to acquire Runes […]
Did Friday’s Big Rally Change Anything?

Did Friday’s Big Rally Change Anything?

What a nice day for the bulls on Friday. In the morning blog, I discussed the possibility of the Q2 bottom being in versus just a better bounce and then final low in May. Regardless of the scenario, the plan was to position for higher prices and then manage risk.It didn’t take the S&P 500 nor […]
Stocks Quietly Climb Ahead Of Central Bank Storm

Stocks Quietly Climb Ahead Of Central Bank Storm

The Dow Jones Industrial Average (DJI), Nasdaq Composite (IXIC), and S&P 500 Index (SPX) are all sporting comfortable leads this afternoon. Tesla (TSLA) and Apple (AAPL) are responsible for today’s tech tailwinds, the former rising thanks to developments in China, while the latter scored a bull note.Though CME’s FedWatch tool is forecasting a 97.3% chance that […]
Fed Meets On Rates And Unemployment Ahead This Week. The Corn And Ethanol Report

Fed Meets On Rates And Unemployment Ahead This Week. The Corn And Ethanol Report

Image Source: Unsplash We kicked off the day with Dallas Fed Manufacturing Index at 9:30 A.M., Export Inspections at 10:00 A.M., 3-Month & 6-Month Bill Auction at 10:30 A.M., Treasury Refunding Financing Estimates at 2:00 P.M., and Crop Progress at 3:00 P.M.What we see ahead so far this week is FOMC Meeting tomorrow and decision on […]
Weekly Market Pulse: Be Careful What You Wish For

Weekly Market Pulse: Be Careful What You Wish For

Shinzo Abe was elected to a second term as Japanese Prime Minister in 2012 and launched his three arrows plan to revive the Japanese economy. The three arrows were: Ultra loose monetary policy, a de facto policy to weaken the Yen Fiscal policy – increased government spending Structural reforms at the corporate level The second […]
FTSE Continues To Extend Its Record Break Run Aided By M&A News

FTSE Continues To Extend Its Record Break Run Aided By M&A News

Image Source: Pexels On Monday, Britain’s FTSE 100 continued its record-breaking rally, driven by increases in Anglo-American following reports of a potential improved buyout offer from BHP Group, and AstraZeneca’s advancements in certain treatments. The blue-chip FTSE 100 reached an all-time high of 8,185.69 points, rising 0.4% and marking gains in eight of the last nine […]
The Eurozone’s Economic Recovery Sputters In April

The Eurozone’s Economic Recovery Sputters In April

The European Commission’s economic sentiment indicator unexpectedly declined in April on the back of a still struggling manufacturing sector. Selling price expectations softened in most sectors, suggesting that a June rate cut is still on the cards.Image Source: Pixabay A false start to the second quarter The European Commission’s economic sentiment indicator fell to 95.6 in April from […]
U.S. Oil Production In 2023, Net Exports Of Petroleum Products Through 2024Q1

U.S. Oil Production In 2023, Net Exports Of Petroleum Products Through 2024Q1

From EIA, and BEA NIPA: Source: EIA via Forbes. Per WSJ, we’re pumping so much that parts of Texas are buckling and swelling.And here’s the US net exports of petroleum goods (in $) from NIPA. Figure 1: US Net exports of petroleum goods, in bn. $, SAAR (blue, left scale), and as share of US GDP (tan, right […]
SEC considers Ethereum unregistered security for at least a year: FOX Business

SEC considers Ethereum unregistered security for at least a year: FOX Business

The Securities and Exchange Commission (SEC), led by Chairman Gary Gensler, has been operating under the belief that Ethereum (ETH), the second-largest crypto, is an unregistered security. This perspective has been held for at least a year, FOX Business reported on Monday, citing recent court filings.The filings emerged from a lawsuit filed by Ethereum software […]