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Q2 Earnings Growth Expected To Reach Two-Year High

Q2 Earnings Growth Expected To Reach Two-Year High

Image Source: Unsplash The market isn’t particularly impressed with what it saw in the quarterly releases from JPMorgan (JPM – Free Report), Citigroup (C – Free Report), and Wells Fargo (WFC – Free Report), even though all three beat top- and bottom-line expectations.Part of the issue appears to be underwhelming guidance and management commentary, reflecting moderating economic activities on the back of […]
S&P 500 Earnings Dashboard 24Q2 – Friday, July 12

S&P 500 Earnings Dashboard 24Q2 – Friday, July 12

Image Source: Pexels S&P 500 Aggregate Estimates and Revisions 24Q2 Y/Y earnings are expected to be 9.6%. Excluding the energy sector, the Y/Y earnings estimate is 10.0%. Of the 27 companies in the S&P 500 that have reported earnings to date for 24Q2, 81.5% reported above analyst expectations. This compares to a long-term average of 66%. The 24Q2 Y/Y blended revenue growth estimate is 4.5%. If the energy sector […]
Stock Market Crash Ahead? 3 Charts Say Investors Becoming Euphoric

Stock Market Crash Ahead? 3 Charts Say Investors Becoming Euphoric

Euphoric Investors Now, Stock Market Crash Next?Investors beware: we may be entering a period of euphoria in the stock market, and it may not end well. It suggests that a stock market crash could be around the corner.As Sir John Templeton famously said, “Bull markets are born on pessimism, grow on skepticism, mature on optimism, […]
U.S. Banks Suffer Biggest Deposit Drop SInce ‘Tax Day’ As Money-Market Fund Assets Surge To Record High

U.S. Banks Suffer Biggest Deposit Drop SInce ‘Tax Day’ As Money-Market Fund Assets Surge To Record High

For the 10th week in the last 12 (basically since taxes), money-market funds saw inflows, and last week was bigly with $51BN added pushing the total AUM to a new record high $6.15TN…Source: BloombergThe Fed balance sheet rose by $2.5BN last week…Source: BloombergBut as the Fed balance sheet rose, banks saw large deposit outflows last week, -$67BN on an SA basis…Source: BloombergBUT […]
Bitcoin Core devs adopt new security policy to curb outdated software use

Bitcoin Core devs adopt new security policy to curb outdated software use

Key Takeaways Approximately 6% of Bitcoin nodes run outdated software, exposing them to security risks. Bitcoin Core’s new disclosure policy aims to improve network security through transparency. Throughout their commit history, Bitcoin Core developers have only disclosed 10 vulnerabilities that could affect older versions of the Bitcoin client software. According to a report from Bitcoin […]
Post-July Fourth Flip Flop

Post-July Fourth Flip Flop

Back at the start of the quarter, we provided a decile analysis in a Chart of the Day looking at Q2 performance of Russell 1,000 members. In that report, we highlighted a theme that has been no secret this year: stocks with larger market caps have outperformed. Fast forward to this week and a cooler-than-expected CPI report, […]
And The Rally Goes On With Absolutely Manic Rotations

And The Rally Goes On With Absolutely Manic Rotations

Image Source: Unsplash You know, I don’t care if you’re fundamentally bullish about this market or bearish, you have to just take a step back in shock and awe and try and get a grip on the magnificent sell-side activity we got yesterday.And on a day when we saw relatively soft inflation data – pure catnip […]
Market Talk – Friday, July 12

Market Talk – Friday, July 12

Image Source: Pixabay ASIA:The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 1,033.34 points or -2.45% to 41,190.68 Shanghai increased 0.91 points or 0.03% to 2,971.30 Hang Seng increased 461.05 points or 2.59% to 18,293.38 ASX 200 increased 69.70 points or 0.88% to 7,959.30 KOSPI decreased 34.35 points or -1.19% to 2,857.00 […]
Stocks And Precious Metals Charts – The Dollar Continued To Decline

Stocks And Precious Metals Charts – The Dollar Continued To Decline

Stocks rallied today because they were smacked lower yesterday.They did fall back quite a bit into the close.VIX fell. Complacency is the order of the day.The Dollar continued to decline.Gold and silver had a weak trade, with a little improvement into the close.Have a pleasant weekend.  More By This Author:Stocks And Precious Metals Charts – […]
Stocks Soar As Dow, S&P 500 Score New Records

Stocks Soar As Dow, S&P 500 Score New Records

Stocks surged into the weekend, with the Dow scoring a record high and closing above 40,000 for just the second time ever. Not to be outdone, the S&P 500 turned in a record high of its own, while the tech-heavy Nasdaq bounced back from yesterday’s selloff to post a triple-digit gain. All three major indexes […]