May 2024 - Page 134 of 270 -

Import Prices Surprise

May 16, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: PexelsThe index came in at +0.9% vs. +0.2% m/m.I’ve inverted the dollar index so that the exchange rate and import price should comove if there is exchange rate pass through.Figure 1: Nominal dollar value inverted (blue, left scale), and price of all imported commodities excluding petroleum, n.s.a. (tan, right scale). NBER defined peak-to-trough recession dates […]

AUD/USD Falls Amid Highs US Yields, Fed’s Tough Stance

May 16, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Australian Dollar trades at 0.6678, down 0.23%, influenced by higher US yields. Jobless claims rise, housing data fluctuates, and industrial production stalls. Fed officials suggest higher rates may persist as Australian jobs report shows mixed results with unemployment revised to 4.1%. The Australian Dollar posted losses of 0.23% against the US Dollar on […]

Cooler Data Striking A Favourable Chord?

May 16, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: PexelsMARKETSU.S. stocks closed lower on Thursday after the Dow Jones Industrial Average (.DJI) briefly touched an intraday high of 40,000 for the first time. Cooler inflation data and robust corporate earnings had initially supported the market’s upward momentum. However, with much of the good news already factored in and ahead of earnings from NVIDIA […]

Asia Morning Bites For Friday, May 17

May 16, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Global Macro and Markets Global Markets: US Treasury yields on Thursday reversed some of the declines they experienced after this week’s CPI result. 2Y yields rose 7.2 basis points, while the 10Y yield rose a more modest 3.5bp taking it to 4.375%. Fed speakers again suggested that rates would need to remain higher […]

Please Tell Me You Didn’t Fall For Meme-Stock Craze II

May 16, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: PexelsIt happened again. Meme stocks like Gamsetop (GME) and AMC Entertainment (AMC) had a round trip again, leaving countless retail investors in the dust.The apparent culprit behind the boom-bust in these names was an anonymous poster named “Roaring Kitty.” Whether or not this individual was responsible for the rip (and subsequent rug-pull) in these […]

Financial Markets Report For Thrusday, May 16

May 16, 2024 Jeremy Parkinson Finance 0

Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Thrusday, May 16.Video Length: 00:11:34More By This Author:Metals Report For Wednesday, May 15SPDR ETF Report For Wednesday, May 15Financial Markets Report For Wednesday, May 15

Nasdaq 100 & S&P 500 Elliott Wave Update – Thu, May 16

May 16, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashDaily update for the S&P 500 & Nasdaq 100 – both markets did put in additional highs for the current sequences. Both markets look to have completed the minute 3rd waves, with minute 4th waves now in progress. I’m leaving open the potential for one additional rally to new highs before the minute 3rd […]

Bearish Bets Amid Market Highs

May 16, 2024 Jeremy Parkinson Finance 0

Image Source: PixabayIn the midst of lifetime market highs, here are my six bearish positions: all of them long puts expiring between September 2024 and January 2025:More By This Author:Surprised It’s Not HigherMarkets In The Green: Prospects For New Highs Every Day Toast About To Pop?

Stocks Pause After Dow Briefly Touches Historic 40,000

May 16, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashThe Dow Jones Industrial Average surged above the historic 40,000 mark in late morning and early afternoon trading. Euphoria was high as bulls celebrated Dow 40,000. This week’s gains across broad equity indexes were primarily driven by a cooler April CPI print and dismal retail data on Wednesday, along with cooling Philly Fed data, surprisingly weak […]

When Was The Best Time To Start Investing?

May 16, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: PexelsHello, fellow Invest Divas and Invest Divos! Today, we’re diving into a question that many beginner investors ask: “When was the best time to start investing?”Though seemingly simple, the answer carries profound implications for your financial future. We’ll explore why starting early can be beneficial, how to start if needed, and some crucial statistics […]