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Archives by Year:
Personal Income Revised Lower For April And May, Spending Higher In May
Image from the BEA, annotations by MishThe BEA’s Personal Income and Outlays report for June 2024 shows significant negative revisions in income for April and May but a boost in spending in May.For June, economists missed the mark badly. The Bloomberg Econoday nominal personal income consensus estimate for June (current dollars) was 0.4 percent but the BEA […]
2024Q2 GDP Advance Release: Too Good To Be True?
GDP surprised on the upside at 2.8% q/q AR vs. Bloomberg consensus of 2.0%. One purported financial adviser writes: 2.8% Fake GDP is number are reported by biased govt agencies. What a sham…..believe nothing question everything. Does anyone believe economy is same now as it was 6 yrs ago? I’ll note that GDPNow was at 2.6% […]
Why Wall Street is still wary of DeFi
Key Takeaways DeFi’s ‘gray zone’ challenges Wall Street’s traditional regulatory frameworks. BlackRock and Franklin Templeton lead in blockchain-based government securities. Wall Street’s best and brightest are diving headfirst into tokenizing real-world assets, but they’re hitting a fork in the road: do they play it safe or venture into crypto’s Wild West?The world of finance is […]
S&P 500 Earnings Dashboard 24Q2 – Friday, July 26
Image Source: Pexels S&P 500 Aggregate Estimates and Revisions 24Q2 Y/Y earnings are expected to be 12.1%. Excluding the energy sector, the Y/Y earnings estimate is 13.1%. Of the 206 companies in the S&P 500 that have reported earnings to date for 24Q2, 78.6% reported above analyst expectations. This compares to a long-term average of 66%. The 24Q2 Y/Y blended revenue growth estimate is 4.8%. If the energy sector is […]
Silver Price Forecast: XAG/USD Retreats From $28 Amid Uncertainty Ahead Of US Core PCE Inflation
Silver price (XAG/USD) falls back after a short-lived pullback move to near $28.00 in Friday’s European session. The white metal remains in the bearish trajectory amid uncertainty over its demand as an industry metal globally.The lackluster outcome of China’s Third Plenum, its weaker-than-expected Q2 Gross Domestic Product (GDP) growth, and an unexpected rate-cut decision by the People’s […]
EUR/USD Forecast: Bears Intensify After Downbeat EU PMI
The EUR/USD forecast is pessimistic as the euro remains fragile following disappointing PMI data from the Eurozone. In contrast, business activity in the US improved.Data on Wednesday showed a decline in Eurozone business activity in July. The composite PMI fell from 50.9 in June to 50.1. According to experts, the decline indicates that the recovery […]
Bull Of The Day: The Progressive
The Progressive (PGR) has been a standout stock in the market leading insurance sector, delivering exceptional performance both in the short term and over the long haul. With a strong growth outlook, a top Zacks Rank, and a discounted valuation, Progressive stock is well-positioned to continue its impressive run.Investors seeking a reliable, growth-oriented stock might consider […]
Analytical Overview Of The Main Currency Pairs – Friday, July 26
Image Source: Pexels The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.083 Prev Close: 1.0845 % chg. over the last day: +0.05 % US GDP grew at an annualized rate of 2.8% in the second quarter, well above market expectations of 2% and accelerating growth from 1.4% in the previous period. In addition, core inflation remained well above […]
ADA Jumps Over 4% As Cardano Network Moves Closer To Chang Hardfork
The price of ADA, the native cryptocurrency of the Cardano blockchain, surged on July 26. The rally closely followed the introduction of validator node 9.1.0, which takes the network a step closer to the Chang hardfork.ADA was in a downtrend between March 15 and July 5, with the token’s price dropping more than 60% from […]
Gold And Silver: Gold Is Starting A New Recovery From 2370$
Gold chart analysisThe price of gold fell to the $2353 level yesterday, forming a new weekly low there. After that, we stabilized there and started the recovery. During this morning’s Asian trading session, the price rose to the $2380 level. Then it stopped there, and since then, it has been moving in the $2365-$2375 range. There […]
