August 2024 - Page 7 of 238 -

Large U.S. Bank Deposits Plunge, MM Fund Assets Hit New Record Amid Equity Chaos

Aug 30, 2024 Jeremy Parkinson Finance 0

For the fourth week in a row, money market funds saw inflows (+$21BN) which lifted the total AUM to a new record high of $6.26TN…Source: Bloomberg All of which took place as stocks puked hard and recovered.Bank deposits, on the other hand, were flat the week-ending 8/21 (+$0.9BN on a seasonally-adjusted basis)…Source: BloombergBut, on a non-seasonally-adjusted […]

Powell’s Rate Cuts Won’t Be A Panacea

Aug 30, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels While the long-anticipated recession still lies ahead of us, the fact remains that the U.S. economy is anemic and getting weaker. Therefore, it is imperative to be aware of the reasons why those predicting any sort of economic rebound should be extremely disappointed and instead should be preparing for the inevitable collapse of […]

Looking Ahead To The Q3 Earnings Season

Aug 30, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Total Q3 earnings for the S&P 500 index are expected to be up +3.8% from the same period last year on +4.6% higher revenues. This would follow the +8.6% earnings growth for the index in the preceding period on +3.8% higher revenues.Regular readers of our earnings commentary are familiar with our sanguine view […]

Get Ready: We’re In “The Suck” Before The Storm

Aug 30, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay It was supposed to be so easy! We were supposed to get dynamite earnings reporting from Nvidia and the markets were supposed to rally like crazy from Wednesday night on…That’s not what we got. We got meh earnings and two days of drifting, low-volume, sludgy slop-fest. No fun.But I think we could get […]

Key Highlights From Q2 Earnings Season Around The Globe

Aug 30, 2024 Jeremy Parkinson Finance 0

Video Length: 00:05:04 On the latest edition of Market Week in Review, Director and Senior Investment Strategist Alex Cousley and ESG and Active Ownership Analyst Zoe Warganz discussed key takeaways from the U.S. Federal Reserve’s (Fed) annual economic symposium in Jackson Hole, Wyoming. They also reviewed highlights from the second-quarter earnings season in the U.S., […]

Weekly Recap And DARP Update – Friday, Aug. 30

Aug 30, 2024 Jeremy Parkinson Finance 0

Image source: Pixabay Alhambra CEO Joe Calhoun recaps the market happenings of the week and what’s going on with DARP.Video Length: 00:08:32More By This Author:Nvidia Beats Forecasts And Stock Falls Monetizing The Debt Financial Fear Mongering

Dell’s Under-The-Radar Rise As An AI Powerhouse

Aug 30, 2024 Jeremy Parkinson Finance 0

Image courtesy of 123rf.com Following the Dell Technologies World 2024 event in May, DELL stock reached its all-time high price of $179.21. However, after promoting the event with the iconic Las Vegas Sphere, DELL stock went down by 23% since the market correction took hold.Nonetheless, DELL shares have gained 52% value year-to-date, owing to its AI initiatives announced […]

Dow, SPX Log 4th-Straight Monthly Win

Aug 30, 2024 Jeremy Parkinson Finance 0

The Dow finished August in style, logging its fourth record close in the last five days. The blue-chip index — along with the S&P 500 — closed out the week in the black while both indexes also secured their fourth-straight monthly win. The Nasdaq picked up a win for August as well, but despite a […]

The BEA Revises Income In May And June Lower, But Spending Higher

Aug 30, 2024 Jeremy Parkinson Finance 0

Income RevisionsThe BEA revised both current dollar and chained dollar income lower for May and June.Chained dollars are inflation-adjusted. The revisions did not impact the chained dollar percentages.Spending RevisionsThe BEA revised both current dollar and chained dollar spending higher for May and June.The revisions boosted inflation-adjusted spending for May and June.Annual BEA GDP and GDI […]

3 Cheap High Dividend Stocks For Passive Income

Aug 30, 2024 Jeremy Parkinson Finance, No picture 0

The average dividend yield in the S&P 500 Index remains low at 1.3%. As a result, income investors should focus on higher-yielding securities if they want additional income from their stock portfolios.Even better, investors can buy high yield stocks when they are also undervalued, which could lead to high total returns in the coming years.The […]