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Archives by Year:
Koo: China’s Balance Sheet Recession
Image Source: Unsplash Once real estate bubbles bust, prices typically fall for years, and paying down debt becomes the priority. In the process, slashing interest rates does not entice the hoped-for revival of borrowing, and it takes years to rebuild balance sheets. This is now underway in the world’s second-largest economy. Et tu, Canada?Richard Koo, senior […]
Retail Sales Rise A Feeble 0.1 Percent, Yet Generally Better Than Expected
Advance nominal and real (Inflation-Adjusted) and month-over-month from the Census Bureau, chart by Mish.We have another interesting set of Advance Retail Sales numbers from the Commerce Department this morning. Advance Estimates of U.S. Retail and Food Services Advance estimates of U.S. retail and food services sales for August 2024, adjusted for seasonal variation and holiday and trading-day differences, […]
WTI Crude Gains Amid U.S. Gulf Supply Disruptions, Fed Rate Cut Speculation, And Weaker Chinese Demand
Image Source: Unsplash The rise in WTI crude prices reflects the ongoing supply concerns, particularly with the lingering effects of Hurricane Francine and the disruption in production from both the US Gulf of Mexico and Libya. These supply-side issues are helping to prop up prices, despite broader concerns about demand. The anticipation of a larger 50-basis-point […]
Resilient U.S. Retail Sales Suggests Fed Decision Will Be A Coin Toss
Despite some better data of late, financial markets are gunning for a 50bp rate cut from the Fed tomorrow. We certainly agree there is a strong case for the Fed to move policy to neutral quickly and expect Chair Powell to make the case for a 50bp cut, but the issue is whether the other FOMC […]
Cloud Stocks: Workday Wants AI To Reimagine End To End Business Processes
Photo by Steve Johnson on Unsplash Enterprise services provider Workday (Nasdaq: WDAY) recently announced its second-quarter results that surpassed market expectations. The better-than-expected earnings outlook sent the stock soaring 12% in the after-hours trading session. Workday’s Financials Workday’s second-quarter revenues grew 17% to $2.09 billion, ahead of the Street’s forecast of $2.08 billion. Non-GAAP-EPS was $1.75, ahead of the Street’s […]
Predicting The Federal Reserve
Image source: Wikipedia Alhambra CEO Joe Calhoun weighs in on the question: Will the Fed cut rates and move the stock market?Video Length: 00:09:48More By This Author:Election Impact on the EconomyWeekly Recap And DARP Update – Saturday, Sept. 14Weekly Recap And DARP Update – Saturday, Sept. 7
Circle introduces USDC in Brazil and Mexico via local payment systems
Key Takeaways USDC can now be accessed directly using Brazilian Reais and Mexican Pesos. Integration with PIX and SPEI speeds up transactions in Brazil and Mexico. Share this article Circle announced today it has expanded access to the US Dollar Coin (USDC), its flagship product, in Brazil and Mexico, through their national real-time payment systems […]
Stocks To Watch Today: Intel, HPE, And MSFT
Image courtesy of 123rf.com In a bustling day on Wall Street, three tech giants are making waves with significant announcements and stock movements. Intel (Nasdaq: INTC), Hewlett Packard Enterprise (NYSE: HPE), and Microsoft (Nasdaq: MSFT) are each navigating unique challenges and opportunities in the rapidly evolving tech landscape, particularly in the realm of artificial intelligence. Intel […]
FTSE Prints Two Week Highs Ahead Of Central Bank Bonazza
Image Source: Pexels On Tuesday, the FTSE 100 reached a two-week high due to the increase in bets on a more substantial U.S. interest rate reduction and the strength of domestic retail shares following an improved forecast from Kingfisher. The FTSE 100, a blue-chip index, reached its best level since September 3 by increasing by 0.7%. […]
The String Of Negative YoY Real Retail Sales Continues, Confirming Yellow Flag
One of my favorite bits of economic data, retail sales, did no better than treading water in August.On a nominal basis, retail sales in August rose 0.1%, but after an upwardly revised blowout 1.3% in July. Which means, after adjusting for inflation, they declined -0.1%. The below graph norms both real retail sales (dark blue) […]
