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Dispersion At All-Time High Relative To Volatility As Earnings Season Arrives

Dispersion At All-Time High Relative To Volatility As Earnings Season Arrives

Image Source: Unsplash Despite a recent uptick to a more normal level near 16, the Cboe Volatility Index (VIX) has averaged around just 12.8 over the past 30 trading days as of July 18, indicating relative calm in U.S. equities. Meanwhile, a complementary measure of U.S. equity market risk, the CBOE S&P 500® Dispersion Index (DSPX), has surged […]
Grains Report – Tuesday, July 23

Grains Report – Tuesday, July 23

WHEAT General Comments: Wheat was higher in all three markets on fund short covering and as there has been some positive demand news amid production problems in Russia and Europe. The weekly export sales report was good and there were a lot of sales into North Africa last week from Russia and Europe. US harvest […]
Existing Home Sales Drop 5.4 Percent But Median Price Hits New Record

Existing Home Sales Drop 5.4 Percent But Median Price Hits New Record

Existing-home sales courtesy of the National Association of Realtors (NAR)Sales are down 38.6 percent from the January 2022 high and barely above the October 2023 low (yellow highlights).The NAR reports Existing-Home Sales Slipped 5.4% in June; Median Sales Price Jumps to Record High of $426,900 Key Highlights Existing-home sales faded 5.4% in June to a seasonally […]
DYdX in talks to sell derivatives trading software to crypto market makers

DYdX in talks to sell derivatives trading software to crypto market makers

Key Takeaways DYdX Trading Inc. is negotiating the sale of its v3 derivatives trading software to crypto market makers. The DYdX v3 platform generated $137 million in fees from $466.3 billion in trading volume in 2022. DYdX Trading Inc. is in negotiations to sell its v3 derivatives trading software to a consortium of leading crypto […]
Critical Stage With Weather. The Corn & Ethanol Report

Critical Stage With Weather. The Corn & Ethanol Report

We kicked off the day with Redbook YoY at 7:55 A.M., Existing Home Sales, Existing Home Sales MoM, Richmond Fed Manufacturing Index, Richmond Fed Manufacturing Shipments Index, and Richmond Fed Services Indeex at 9:00 A.M.,42-Day Bill Auction at 10:30 A.M., 2-Year Note Auction and Money Supply at 12:00 P.M., Milk Production at 2:00 P.M., and […]
India And The PCE Bull Signals For Gold

India And The PCE Bull Signals For Gold

Image Source: Pixabay Can US fiat queen Kamala beat fiat king Donald in the nation’s next election? In these trying geopolitical times, citizens are perhaps best served by focusing less on their favorite fiat nation leaders, and more on gold.For further insight into this key matter, key daily gold chart Gold reached my newest buy zone of […]
S&P 500 Earnings Dashboard 24Q2 – Tuesday, July 23

S&P 500 Earnings Dashboard 24Q2 – Tuesday, July 23

Image Source: Unsplash S&P 500 Aggregate Estimates and Revisions 24Q2 Y/Y earnings are expected to be 11.5%. Excluding the energy sector, the Y/Y earnings estimate is 12.4%. Of the 102 companies in the S&P 500 that have reported earnings to date for 24Q2, 80.4% reported above analyst expectations. This compares to a long-term average of 66%. The 24Q2 Y/Y blended revenue growth estimate is 4.6%. If the energy sector […]
Stocks Bounce As Wall Street Awaits Key Tech Earnings

Stocks Bounce As Wall Street Awaits Key Tech Earnings

Stocks are firmly higher today, with the Nasdaq Composite Index (IXIC) up triple digits, as Wall Street unpacks a flood of corporate earnings reports. Alphabet (GOOGL) and Tesla (TSLA) are garnering attention too, as both are scheduled to announce their second-quarter results after today’s close. Meanwhile, existing home sales fell for a fourth straight month as […]
Stocks To Watch Today: UPS, PM, And MSCI

Stocks To Watch Today: UPS, PM, And MSCI

Image courtesy of 123rf.com United Parcel Service (NYSE: UPS) disappointed investors with weaker-than-expected performance in Q2, failing to meet analyst expectations. Philip Morris International (NYSE: PM) raised its annual guidance based on strong demand for its nicotine pouch product and topped Q2 forecasts, and MSCI Inc. (NYSE: MSCI) exceeded analyst expectations and reported strong Q2 results. UPS Stumbles […]
Secret Service director resigns following Trump assassination attempt

Secret Service director resigns following Trump assassination attempt

Key Takeaways Cheatle described the July 13 incident as the most significant failure in decades. The attack resulted in one fatality and two critical injuries. Kimberly Cheatle, director of the US Secret Service, has resigned amid intense criticism over the agency’s failure to prevent the July 13 assassination attempt on former President Donald Trump, according […]