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Russia: Policy Rate Raised To 18%

Russia: Policy Rate Raised To 18%

Jul 26, 2024 Finance 0

As of today: For comparison, here is the y/y (official) inflation rate (through June). With the policy rate at 18%, and y/y inflation at 8.6% (through June), we have in essence a contractionary monetary policy. The ex-post real rate was 7.4% in June. Assuming adaptive expectations, the ex ante real rate for August onward is […]
OpenAI Announces Its Google Killer: SearchGPT

OpenAI Announces Its Google Killer: SearchGPT

Jul 26, 2024 Finance 0

It started in 2022 with perplexity.ai, which (when it was working great) allowed you to do 10 minutes of Google searches in about 10 seconds. Google’s answer? AI Overviews, which got everyone’s knickers in a knot because there were no links, which meant no revenue for content creators or publishers. Now, there’s OpenAI’s newly announced […]
Market Volatility, Political Drama Increases Uncertainty As Metals Fall

Market Volatility, Political Drama Increases Uncertainty As Metals Fall

Jul 26, 2024 Finance, No picture 0

 Image Source: Pexels As Democrats prepare to coronate Kamala Harris, investors are growing nervous.One measure of investor apprehension is the VIX volatility index, also known as the fear index. The VIX spiked on Thursday to its highest level in three months.That coincided with a selloff on Wall Street, with tech shares getting hit especially hard. Commodities […]
Stocks And Precious Metals Charts – U.S. Dollar

Stocks And Precious Metals Charts – U.S. Dollar

Jul 26, 2024 Finance 0

Stocks rallied a bit after the big decline but flopped a bit into the close.The Dollar chopped sideways.Gold bounced, silver held its own.VIX dropped. Risk is not a sentiment that this market embraces.Non-Farm Payrolls and the FOMC meeting next week as indicated in the calendar below.Have a pleasant weekend.  More By This Author:Stocks And Precious Metals […]
The Volatility Beast Is Waking Up

The Volatility Beast Is Waking Up

Jul 26, 2024 Finance, No picture 0

Image Source: Pexels On Wednesday, I told everyone who knows what’s good for ‘em to get their helmets on, because it’s about to get very choppy.Well, I hope your choice of protective headgear is comfy and stylish because my prescription hasn’t changed. In fact, if you’ve got two helmets, put ‘em both on.The VIX and all […]
Wall Street Scores Winning Session, Mixed Week

Wall Street Scores Winning Session, Mixed Week

Jul 26, 2024 Finance 0

Wall Street rallied in a big way Friday. The Dow added 654 points to secure a fourth-straight weekly win, with help from 3M’s (MMM) 23% pop. The S&P 500 and Nasdaq, meanwhile, logged their second consecutive week of losses despite solid daily wins, as the tech sector failed to recover from this week’s selloff. The […]
Market Talk – Friday, July 26

Market Talk – Friday, July 26

Jul 26, 2024 Finance 0

Image Source: Pixabay ASIA:The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 202.10 points or -0.53% to 37,667.41 Shanghai increased 4.16 points or 0.14% to 2,890.90 Hang Seng increased 16.34 points or 0.10% to 17,021.31 ASX 200 increased 60.10 points or 0.76% to 7,921.30 KOSPI increased 21.25 points or 0.78% to 2,731.90 […]
Canada’s “Worst Decline In 40 Years”

Canada’s “Worst Decline In 40 Years”

Jul 26, 2024 Finance 0

Canada’s standard of living is on track for its worst decline in 40 years, according to a new study by Canada’s Fraser Institute.The study compared the three worst periods of decline in Canada in the last 40 years — the 1989 recession, the 2008 global financial crisis, and this post-pandemic era.They found that unlike the previous recessions, Canada […]
Expect The BLS To Revise Job Growth Down By 730,000 In 2023, More This Year

Expect The BLS To Revise Job Growth Down By 730,000 In 2023, More This Year

Jul 26, 2024 Finance 0

Data from the BLS, chart by MishThis is a complicated post that goes into some of the more arcane procedures the BLS uses to produce the monthly jobs report.But please read on. I will tie everything together after a discussion of the data used in this post.As a bonus, I have confirmation from Bloomberg’s chief […]
The U.S. Presidential Race Shakes Up. Do Markets Care? Market rotation into U.S. small cap stocks continues Biden drops re-election bid, backs Harris. Does it matter to markets? Another month, another rate cut in Canada

The U.S. Presidential Race Shakes Up. Do Markets Care? Market rotation into U.S. small cap stocks continues Biden drops re-election bid, backs Harris. Does it matter to markets? Another month, another rate cut in Canada

Jul 26, 2024 Finance 0

Video Length: 00:06:27 On the latest edition of Market Week in Review, Senior Director and Chief Investment Strategist for North America, Paul Eitelman, and Equity Manager Research Analyst Michelle Batjargal discussed the rotation into small cap stocks in the U.S. equity market. They also chatted about the potential market impacts of recent U.S. political developments […]