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Precious Metals Market Update July 23th – A Week Of Change

Precious Metals Market Update July 23th – A Week Of Change

Image Source: Unsplash What a difference a week can make! After reaching an all-time high of USD $2483/oz last week, gold has retraced significantly to the $2400 level, despite the announcement that Joe Biden has pulled out of the US presidential race, pitting Donald Trump against Kamala Harris (read more below). Silver followed gold’s lead and […]
Stocks Are Chopping Near Highs… And Looking For A Leader

Stocks Are Chopping Near Highs… And Looking For A Leader

Image Source: Pexels The recent massive selloff in tech should prove what I’ve been saying for weeks now: The one-time leadership sector is slowing down.Nature abhors a vacuum and the stock market’s not all that different. The hunt for a new leading sector is on, and like some other groups I could mention, there are suddenly […]
Stocks And Precious Metals Charts – Earnings Season Is Upon Us

Stocks And Precious Metals Charts – Earnings Season Is Upon Us

Stocks had the wobbles for most of the day but managed to jump back to nearly unchanged after the close.Earnings season is upon us, and the big names like Alphabet are pulling them in.Tesla continues to struggle.Gold and silver held a little bounce.The Dollar edged higher.VIX fell.  Comex expiration for the precious metals on Thursday.Have a […]
The Main Players In The Crude Oil Futures Market

The Main Players In The Crude Oil Futures Market

Image Source: Unsplash The crude oil futures market is like a bustling marketplace with various players, each with their own reasons for being there. Here’s a look at the main types of participants: Commercial Players These are the folks who deal with crude oil in their day-to-day business and use futures to manage risk. Oil Producers […]
Tesla Lags Q2 Earnings Estimates

Tesla Lags Q2 Earnings Estimates

Image Source: Pexels Tesla (TSLA – Free Report) came out with quarterly earnings of $0.52 per share, missing the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.91 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -16.13%. A quarter ago, it was expected […]
Instantaneous Core Inflation

Instantaneous Core Inflation

Four out of five measures down: Figure 1: Instantaneous inflation for core CPI (blue), chained core CPI (tan), supercore CPI (pink), PPI core (red), and PCE core (green), per Eeckhout (2023), T=12, a=4. June PCE core is nowcast as of 7/23. Source: BLS, BEA, Cleveland Fed, and author’s calculations.While instantaneous core PPI rose in June, a regression of […]
Alphabet Shares Unimpressed Despite Top- & Bottom-Line Beat

Alphabet Shares Unimpressed Despite Top- & Bottom-Line Beat

Image Source: Pixabay Alphabet reported better than expected top- and bottom-lines for the second quarter after the bell tonight. Revenue $84.74 billion, estimate $84.37 billion Revenue ex-TAC $71.36 billion, estimate $70.7 billion EPS $1.89, estimate $1.84 Cloud revenues were particularly strong as the rest of the business segments were basically in line (with Ad revenue solid)… Google Cloud revenue […]
‘Worst Since COVID Lockdowns’ – Regional Fed Surveys Plunged In July

‘Worst Since COVID Lockdowns’ – Regional Fed Surveys Plunged In July

It was ugly in macro-land today with existing home sales crashing (as home prices hit record highs). But a couple of Regional Fed surveys really laid an egg…First out of the gate was the Philly Fed Services Activity Survey, which puked in July from two-year highs to near four-year lows…Source: Bloomberg The indexes for general activity at […]
5 ETFs That Gained Investors’ Love Last Week

5 ETFs That Gained Investors’ Love Last Week

Image Source: Pixabay ETFs across various categories pulled in $49.4 billion in capital last week, pushing the year-to-date inflows to $406.3 billion. U.S. equity ETFs led the way with $34.8 billion in inflows, followed by inflows of $9.3 billion in U.S. fixed-income ETFs and $2.4 billion in leveraged ETFs.SPDR S&P 500 ETF Trust (SPY – Free Report), iShares Russell 2000 […]
Navigating The Markets: Insights From Our Q2 Economic And Market Review

Navigating The Markets: Insights From Our Q2 Economic And Market Review

Image Source: Pexels The momentum we’ve seen in U.S. equity markets over the past year continued in the second quarter of 2024. With large technology stocks leading the wave, the S&P 500 index has risen 23% in the 12 months ended June 30. Can this continue?Well, I don’t have a crystal ball so I can’t answer […]