October 2024 - Page 112 of 244 -

Inflation Nation 2

Oct 18, 2024 Jeremy Parkinson Finance, No picture 0

The Dow/Gold ratio was 20 three years ago. It is 16 today; stocks have lost 20% of their real value. They need to lose another nearly 70% from here (in gold terms) before they are real bargains.MarketWatch: Gold futures top $2,700 an ounce, on track to settle at a record high Gold futures climbed above […]

Fading Good Retail Sales

Oct 18, 2024 Jeremy Parkinson Finance 0

S&P 500 went for new ATHs on the good retail sales and tame unemployment claims I predicted (multiple clues), overcoming Monday‘s pre-ASML highs premarket. The upswing was faded, forcing temporarily lower S&P 500 and Nasdaq values, yet I called for repairing of the damage being done in our channel early in the European day already […]

Housing Permits And Starts Stabilized In September

Oct 18, 2024 Jeremy Parkinson Finance 0

Much of the data that is being released, like yesterday’s jobless claims data, has to be viewed with an asterisk after it, because of hurricane disruptions. As an addendum to yesterday’s industrial production report, I failed to mention that the BEA that “the effects of two hurricanes subtracted an estimated 0.3 percent” from the total. […]

GBP/JPY Price Forecast: Right-Angle Triangle Poised To Breakout Higher

Oct 18, 2024 Jeremy Parkinson Finance 0

GBP/JPY has formed a right-angle triangle which indicates a likely breakout higher. The MACD momentum indicator is diverging bearishly with price, however, suggesting a mild downside risk. GBP/JPY has formed a right-angle triangle which indicates a breakout higher is likely. Price is more likely to break above the flat edge, according to technical analysis (TA) theory, which in […]

American Express Reports Third Quarter Results With $3.49 EPS, $16.6 B In Revenue

Oct 18, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash In the third quarter of 2024, American Express (NYSE: AXP) showcased a robust financial performance, reporting a net income of $2.51 billion, or $3.49 per share. This marks an increase from the previous year’s net income of $2.45 billion, or $3.30 per share, reflecting a year-over-year growth of 6% in earnings per share (EPS). The company’s […]

Solana And Cardano: New Targets And Levels For Thursday

Oct 18, 2024 Jeremy Parkinson Finance 0

Solana chart analysisThe price of Solana is in a slight pullback after Tuesday’s jump to $159.50. Already on Tuesday, we immediately saw signs of a return to the support zone. The price made a new low at the 150.30 level. From then until this morning, the movement was in the $152.00-$156.00 range. This morning, pressure […]

US Housing Starts & Building Permits Plunge In September

Oct 18, 2024 Jeremy Parkinson Finance 0

After surprisingly top the upside in August, Housing Starts, and Building Permits disappointed in September, declining more than expected (-0.5% MoM and -2.9% MoM respectively)…Source: BloombergUnder the hood, multi-family permits plunged 10.8% MoM (and multi-family starts dropped for the second straight month). Single-family starts rose 2.7% MoM and permiots inchjed higher by 0.3% MoM…Source: BloombergRate-cut expectations appear […]

Volvo’s Q3 Earnings Fall Short: Stagnant Demand Raises Alarm For Future Growth

Oct 18, 2024 Jeremy Parkinson Finance, No picture 0

Swedish truck manufacturer AB Volvo has reported a larger-than-anticipated decline in quarterly adjusted earnings and is predicting stagnant demand for the coming year, reflecting a notable shift in market conditions.Reduced freight and construction activity have constrained vehicle sales, contributing to this downturn.After a record surge in 2023, driven by a post-pandemic recovery, the truck market […]

Taiwan Semiconductor Nullifies ASML Fears

Oct 18, 2024 Jeremy Parkinson Finance 0

Wednesday’s Commentary discussed the shockingly weak booking numbers from ASML. Given that ASML is a large manufacturer of chip-making machines, we asked: “If the chip industry is facing insatiable demand, why such a stunning decline in the need for chip-making equipment?” ASML earnings introduced concern amongst semiconductor sector investors, leading many semi-stocks to decline decently. Taiwan Semiconductor’s (TSM) […]

EUR/USD Outlook: ECB’s Cut Expectations In Dec Mount

Oct 18, 2024 Jeremy Parkinson Finance 0

The EUR/USD outlook shows increased downward pressure as European Central Bank rate cut bets surge after Thursday’s meeting. Meanwhile, the dollar held near an 11-week high against the euro amid rising bets for a Trump win and upbeat US data. The ECB cut interest rates by 25-bps on Thursday after a similar move during the September […]