July 2024 - Page 170 of 267 -

Chart Of The Week: More Signs Of Disinflation

Jul 11, 2024 Jeremy Parkinson Finance 0

Thursday’s CPI report was a big downside surprise as more signs of disinflation appeared across the economy. Core CPI rose 0.06% in June which brought the annualized rate to 3.27%. That’s the lowest rate since 2021. The big driver in the downside miss was shelter, which finally appears to be catching up to what we’ve […]

Market Talk – Thursday, July 11

Jul 11, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay ASIA:The major Asian stock markets had a mixed day today: NIKKEI 225 increased 251.82 points or 0.61% to 41,831.99 Shanghai decreased 20.01 points or -0.68% to 2,939.36 Hang Seng decreased 51.56 points or -0.29% to 17,471.67 ASX 200 decreased 12.90 points or -0.16% to 7,816.80 KOSPI increased 0.61 points or 0.02% to 2,867.99 […]

Tech Just Scared Traders Into Safety – Here’s What To Do

Jul 11, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Markets go up and down every day. Sometimes that’s not really significant – just the ebb and flow of capital. On other days, though, there’s a real shift in key sectors.That’s what we got today.The tech-heavy Nasdaq had sunk more than 1.7% by 3:30 PM, whereas the broader S&P 500 had dropped just 0.7%. […]

Tech Rotation Sends Nasdaq To Worst Day Since 2022

Jul 11, 2024 Jeremy Parkinson Finance 0

This morning’s encouraging inflation data did not bring the stock market breakout investors had hoped for, with only the Dow eking out a win. The S&P 500 and Nasdaq both closed lower despite nabbing record highs earlier in the day, both snapping a seven-day win streak and the latter logging its worst single-session decline since late 2022.As […]

Lucid Group Stock Analysis: How High Can LCID Reach?

Jul 11, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Lucid Group (LCID) stock price continued rising on Thursday as demand for electric vehicle companies rose. It jumped to a high of $3.37, its highest point since February this year. It has soared by over 45% from its lowest point this year. Lucid’s turnaround is continuing There are increasing signs that Lucid Group’s turnaround is […]

The Bank Of England’s Game Of Two Halves

Jul 11, 2024 Jeremy Parkinson Finance 0

Photo by Colin Watts on Unsplash The half-time review We made three calls in our 2024 outlook – that inflation would return to the 2% target by May, the UK’s recession wouldn’t deepen, and the Bank of England would start cutting rates in August. So far, those predictions have aged relatively well.A sharp slowdown in food inflation and falling energy […]

Instantaneous Inflation In June

Jul 11, 2024 Jeremy Parkinson Finance 0

CPI m/m (headline, core) below consensus (-0.1% vs +0.1%, +0.1 vs +0.2, respectively).Figure 1: Instantaneous inflation per Eeckhout (2023) T=12, a=4, for CPI (blue), for chained CPI (tan), for PCE deflator (green).Chained CPI adjusted by author using X-13. Source: BLS, BEA, and author’s calculations. On the same vertical axis, here are core measures.Figure 2: Instantaneous inflation per […]

Crypto liquidity set for a boost after CPI came lower than expected, says Bitfinex analyst

Jul 11, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Lower-than-expected CPI data may increase crypto market liquidity and risk appetite. Bitcoin faces potential volatility as it struggles to maintain its position above $58,000. The US Consumer Price Index (CPI) inflation numbers coming below expectations today can boost liquidity for both equity and crypto markets, according to Jag Kooner, Head of Derivatives at […]

“It Will Feel Like A Recession” When Unemployment Hits 4.5% By Year-End

Jul 11, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The US economy appears to be slowing down. Final Q1 GDP growth came in at just 1.4% and, as of this recording, Q2 GDP is currently estimated to be little better, at 1.5%.Retail sales for May, the most recent data we have, only grew at 0.1%.And unemployment is starting to tick up, too, […]

Gold Prices Outlook: Central Banks Could Send Gold Surging

Jul 11, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Central Banks Making a Case for Higher Gold Prices Central banks will play a big role in where gold prices go next. They are clear that more gold is needed for their reserves, and this factor could send gold prices much higher in the coming months and quarters.A bold statement, but it’s worth […]