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Grains Report – Friday, Oct. 4

Grains Report – Friday, Oct. 4

DepositPhotos Food prices saw their fastest increase in 18 months in September, with the prices of all commodity groups rising, led by sugar, the Food and Agriculture Organization of the United Nations said. The FAO’s food price index, which tracks global prices for a basket of staple foods, averaged 124.4 points in September, up 3.0% […]
The Yield Curve’s “Infallible” Recession Signal Failed This Time

The Yield Curve’s “Infallible” Recession Signal Failed This Time

Image Source: Pexels There are no absolutes in economic forecasting. Thinking otherwise eventually leads to trouble. Case in point: the recession warning triggered nearly two years ago by an inverted Treasury yield curve almost certainly amounts to a false signal.The 10-year less 3-month curve went negative two years ago this month, spawning analysts to warn that […]
S&P 500 Earnings Dashboard 24Q3

S&P 500 Earnings Dashboard 24Q3

Image Source: Pexels S&P 500 Aggregate Estimates and Revisions 24Q3 Y/Y earnings are expected to be 5.0%. Excluding the energy sector, the Y/Y earnings estimate is 7.1%. Of the 21 companies in the S&P 500 that have reported earnings to date for 24Q3, 76.2% reported above analyst expectations. This compares to a long-term average of 66.9%. The 24Q3 Y/Y blended revenue growth estimate is 4.0%. If the energy sector is […]
Failures Hitting On All Cylinders. The Corn & Ethanol Report

Failures Hitting On All Cylinders. The Corn & Ethanol Report

We kickoff the day with Non Farm Payrolls, Unemployment Rate, Average Hourly Earnings MoM & YoY, Participation Rate, Average Weekly Hours, Government Payrolls, Manufacturing Payrolls, Nonfarm Payrolls Private, and U-6 Unemployment Rate at 7:30 A.M., Fed Williams Speech at 8:00 A.M., Baker Hughes Oil & Total Rig Counts at 12:00 P.M., and Dairy Products at […]
The Dollar Soars – USDX’s Biggest Weekly Rally Since 2022

The Dollar Soars – USDX’s Biggest Weekly Rally Since 2022

De-dollarization, the BRIC countries are destroying the USD, and many other theories…All or some of them might be true, but it absolutely doesn’t mean that they have to result in any specific market moves NOW or shortly.Conversely, the proponents of those theories usually become most vocal (or maybe it is that people start to agree with them […]
Gold Getting A Boost From The “Debasement Trade”

Gold Getting A Boost From The “Debasement Trade”

Image Source: Unsplash Gold is being boosted by a “debasement trade”, and according to JPMorgan analysts, this dynamic “may have legs.”Gold has been pushed to record highs in recent weeks. A weakening dollar and lower real bond yields have created tailwinds for the yellow metal. However, according to a team of JPMorgan strategists led by Nikolaos Panigirtzoglou, […]
Markets Are Shocked By The Hot Job Report

Markets Are Shocked By The Hot Job Report

Image Source: Unsplash The September job report shocked the market.Video Length: 00:11:09More By This Author:Stocks Stall Out Before The September Jobs Report Stocks Finish Flat As The Bears Take The Day Off Stocks Tumble As Technology Sector Is Battered
Stocks Choppy Despite ‘Soft Landing’ Signals

Stocks Choppy Despite ‘Soft Landing’ Signals

Stocks are volatile this morning, as the initial pop from this morning’s outstanding jobs report wears off. Even though investors are cheering the robust labor market and falling unemployment rate, there are still geopolitical tensions, red-hot crude prices, and rising bond yields to grapple with.The Dow Jones Industrial Average (DJI) is just above breakeven at last check, […]
Bitwise files for Bitcoin and Treasuries rotation ETF

Bitwise files for Bitcoin and Treasuries rotation ETF

Key Takeaways Bitwise’s new ETF strategies will rotate between crypto and US Treasuries based on market trends. The Trendwise strategies use a proprietary signal based on the 10- and 20-day EMA of crypto assets. Share this article Bitwise Asset Management announced today it filed to convert its Bitcoin and Ethereum futures ETFs into trend-following strategies […]
Delta Gains Access To 9 Saudi Cities In Global Expansion Push, Stock Gains

Delta Gains Access To 9 Saudi Cities In Global Expansion Push, Stock Gains

Image courtesy of 123rf.com Delta Air Lines (NYSE: DAL) is making significant strides in expanding its global footprint, particularly in the Middle East, through new partnerships with Saudi Arabian airlines. The Atlanta-based carrier recently announced a codeshare agreement with Saudia Airlines and a strategic cooperation with the upcoming Riyadh Air, set to launch in 2025. These moves […]