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The Dollar Holds Steady Thanks To A Firm Fed And The Crisis In France

The Dollar Holds Steady Thanks To A Firm Fed And The Crisis In France

Wednesday, June 12 was a special day, with the release of the US Consumer Price Index (CPI) and the Fed meeting.The last time a day like this took place was in 2020. At that time, the price of gold soared, as the market became aware of the imminent arrival of an inflationary wave that the Fed would […]
Happy Flag Day – The Corn & Ethanol Report

Happy Flag Day – The Corn & Ethanol Report

We kickoff the day with Export Prices MoM & YoY and Import Prices MoM & YoY at 7:30 A.M., Michigan Consumer Sentiment Prel, Michigan 5-Year Inflation Expectations Prel, Michigan Consumer Expectations Prel, Michigan Current Conditions Prel, and Michigan Inflation Expectations Prel at 9:00 A.M., Baker Hughes Oil & Total Rig Count at 12:00 P.M., Fed […]
Low Yields

Low Yields

The S&P 500 has been up for each of the last four trading days this week, and each of those closes has been a record high, but the streak is unlikely to continue today based on where futures are trading. Import Prices were just released and showed a larger than expected m/m decline (-0.4%), but in […]
Ripple rejects SEC’s $2 billion fine for ‘unreasonableness’ citing Terraform settlement

Ripple rejects SEC’s $2 billion fine for ‘unreasonableness’ citing Terraform settlement

A recent filing in the US District court for the Southern District of New York shows that Ripple’s legal team has submitted a notice of supplemental authority, alleging the “unreasonableness” of the SEC’s requested civil penalty.The filing was made on June 13, the same day that Terraform Labs settled a lawsuit with the SEC for […]
3 Water Utility Stock For Long Term Dividend Growth

3 Water Utility Stock For Long Term Dividend Growth

People always need clean water, regardless of the state of the economy. In turn, many top water stocks have regular customer bases and very consistent revenues and earnings.This great stability paves the way for water stocks to pay growing dividends to shareholders.Many water stocks have very long histories of increasing dividends. Some have even reached […]
Shopify Stock Gains On Analyst Upgrade And Promising Outlook

Shopify Stock Gains On Analyst Upgrade And Promising Outlook

Image courtesy of 123rf.com Shopify (NYSE: SHOP) stock experienced a significant boost on Friday, June 14, 2024, following an analyst upgrade and positive market sentiment. The e-commerce platform’s shares closed at $64.69 on Thursday and surged to $67.45 by 12:05 PM EDT on Friday, representing a 4.27% increase. The stock’s 52-week range spans from $27.65 to $105.45, […]
All Down: Instantaneous Core Inflation Measures For May

All Down: Instantaneous Core Inflation Measures For May

Core PPI under consensus (0% vs. +0.3% m/m).Figure 1: Instantaneous inflation (T=12, a=4) per Eeckhout (2023) for core CPI (blue), chained core CPI, seasonally adjusted by author using X-13 (tan), PCE deflator (pink), CPI supercore (teal), PPI core (light green).Source: BLS, BEA via FRED, BLS, and author’s calculations.Here’sa detail.Figure 2: Instantaneous inflation (T=12, a=4) per Eeckhout (2023) for core CPI (blue), chained […]
How Web3, AGIX, and FET innovations impact the ETH to BTC exchange

How Web3, AGIX, and FET innovations impact the ETH to BTC exchange

The emergence of Web3, a decentralized and transparent internet iteration, has brought about significant changes in various industries, including the cryptocurrency exchange landscape. Alongside this paradigm shift, innovative projects like SingularityNET’s AGIX and Fetch.ai’s FET are reshaping the way we approach the exchange of digital assets, particularly the conversion of Ethereum (ETH) to Bitcoin (BTC).In […]
Stocks Fall Alongside Consumer Sentiment

Stocks Fall Alongside Consumer Sentiment

Wall Street is brushing off another cooler-than-expected inflation reading this afternoon, as declining consumer sentiment pressures stocks lower. Digging deeper, the University of Michigan’s Survey of Consumers dropped to 65.6 in June, down from 69.1 last month.In response, the Dow Jones Industrial Average (DJI) is on track for a fourth-straight daily drop, while also looking to end the […]
Grant: Rates Are Going Much Higher. Is He Right?

Grant: Rates Are Going Much Higher. Is He Right?

Recently, James Grant, editor of the Interest Rate Observer, was asked about his outlook for interest rates. He sees interest rates moving in a cyclical pattern, potentially rising for another multi-decade period. Grant bases his view on historical observations rather than a mystical belief in cycles. He states that finance has shown a cyclical nature, moving from […]