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Archives by Year:
S&P 500, Nasdaq 4 For 4 With Record Closes This Week
The Nasdaq and S&P 500 marked their fourth-straight record close today, climbing once again on the back of upbeat inflation data. The PPI for May dropped to 0.2% from April, giving inflation watchers more space to breathe. The Dow suffered another loss, its third in a row, while Wall Street’s “fear gauge,” the Cboe Volatility Index (VIX) […]
5 ETF Zones To Benefit As Inflation Cools In May
Image Source: Pixabay Inflation in the United States cooled down in May for the second consecutive month. The Consumer Price Index rose 3.3% year over year in May, down from an annual growth of 3.4% in April. On a monthly basis, prices held flat for the first time since July 2022. Though inflation is far below […]
Federal Reserve Monetary Policy: Speculation And Wild Guesses
Image source: Wikipedia It’s almost as if the central bankers at the Federal Reserve are throwing darts at the wall to determine the trajectory of monetary policy.And I’m not convinced there is even a dartboard on the wall.And yet, people keep selling gold and silver based on what these people say!The Fed wrapped up its June […]
Chart Of The Day: NetApp – Computer Technology At New Highs
Image Source: Unsplash 100% technical buy signals 15 new highs and up 15.88% in the last month 80.09+ Weighted Alpha The Chart of the Day belongs to the computer technology company NetApp (NTAP). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current […]
S&P 500 Equal Weight Index Lagging Its Market-Cap Version
Image Source: Pixabay The long-term trend of the S&P 500 market-cap weighted index is to the upside, as shown with an upward-sloping channel. S&P 500 Index – Daily Chart In contrast, its equal-weight version has not surpassed its March 2024 high and has been consolidating in a triangle formation. S&P 500 EW Index – Daily Chart The Business Cycle […]
Misery And Modified Misery
Conventional and InstantaneousThe unweighted average of the unemployment rate and the inflation rate is ad hoc. Here’s the conventional using y/y CPI:Figure 1: Unemployment rate (blue bar) and y/y CPI inflation (tan bar), in %. NBER defined peak-to-trough recession dates shaded gray. Source: BLS, NBER, and author’s calculations. The use of y/y inflation is arbitrary. Here’s […]
Fudging The Numbers & Market Volatility. The Corn & Ethanol Report
We kickoff the day with Export Sales, PPI MoM & YoY, Core PPI MoM & YoY, Initial Jobless Claims, Continuing Jobless Clams, Jobless Claims 4-Week Average, PPI Ex Food, Energy and Trade, and PPI Ex Food, Energy & Trade MoM & YoY at 7:30 A.M., EIA Natural Gas Storage at 9:30 A.M., 4-Week & 8-Week […]
The Producer Price Index Unexpectedly Declines In May
The Bloomberg Econoday consensus for the Producer Price Index was +0.1 percent.The Fed will be pleased that the BLS reports the PPI for May is -0.2 with all the key readings flat to negative for the month. PPI Final Demand Month Over Month Overall: -0.2 Percent Goods: -0.8 Percent Services: -0.1 Percent Food: 0.0 Percent Excluding Food […]
Nike Stock: Is Now The Right Time To Invest In NKE?
Image Source: Unsplash Nike Inc (NYSE: NKE) has lost about 10% this year but a Deutsche Bank analyst is convinced the story moving forward will be a different one. Nike stock has upside to $115 Krisztina Katai resumed coverage of Nike stock this morning with a “buy” rating. Her $115 price target suggests about a 22% upside from […]
The Latest BLS Unemployment Report, More Signs Of Recession
Image Source: Pexels The official (U3) unemployment rate went up one-tenth of a percent last month, to 4%. The broad measure of inflation (U6) held steady at 7.4%. These stats are not alarming. However, U3 unemployment was 3.4% last April, and U6 unemployment was 6.5% at the end of 2022. In other words, the two most important […]
