October 2024 - Page 6 of 130 -

Industrial Production Unexpectedly Declines 0.3 Percent With Huge Negative Revisions

Oct 17, 2024 Jeremy Parkinson Finance 0

The Bloomberg consensus was a decline of 0.1 percent. Factoring in negative and positive revisions the decline was about 0.5 percent.Blame the HurricanesThe Fed blames the hurricanes in its September Industrial Production Report. Industrial production (IP) decreased 0.3 percent in September after advancing 0.3 percent in August. A strike at a major producer of civilian aircraft […]

Russell 2000 Earnings Dashboard 24Q3 – Thursday, Oct. 17

Oct 17, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Russell 2000 Aggregate Estimates and Revisions The 24Q3 Y/Y blended earnings growth estimate is 38.7%. If the energy sector is excluded, the growth rate for the index is 64.7%. Of the 49 companies in the Russell 2000 that have reported earnings to date for 24Q3, 63.3% reported above analyst expectations. The 24Q3 Y/Y blended revenue growth estimate is 1.2%. If the energy sector is excluded, the growth rate for […]

Strong Retail Sales Data And Nvidia Help To Lift Stocks For Now

Oct 17, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Retail sales data was stronger than expected, and rising Nvidia (NVDA) stock prices are helping stocks advance.Video Length: 00:15:16More By This Author:Stocks Finish Mixed As Chip Stocks Struggle To Gain TractionThe Stock Market’s Turning Point Is NearThe S&P 500 And Nasdaq Are At A Big Turning Point

The Shallow Downturn In Industrial Production Continues

Oct 17, 2024 Jeremy Parkinson Finance 0

Before I get to the (relatively) good news in retail sales, let’s take a look at the bad news from industrial production.On a monthly basis, production declined -0.3%. Manufacturing declined -0.4%. There were also downward revisions to last month. Both of these continue to slowly fade from their 2022 peak: On a YoY basis, production […]

Silver Worth $150-$170? – Facts To Make The Case For A Major Price Surge

Oct 17, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay The price of silver is often overshadowed by its flashier cousin, gold. While gold has been hitting new highs, silver is still playing catch-up. But that might not be the case for much longer. With some key historical trends and the current market setup, silver could be on the verge of a massive […]

Bitcoin Dominance Hits New Cycle High Of 58.9%, More Pain Before Altcoin Season?

Oct 17, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash As Bitcoin (BTC) inches closer to $70,000, its dominance in the wider crypto market has risen to a cycle high of 58.9%. Bitcoin Dominance Rises, Are Altcoins In Trouble? Bitcoin dominance (BTC.D), a metric that measures the proportion of the total cryptocurrency market cap commanded by the leading digital asset, has hit a new cycle […]

Shiba Inu Price Prediction: Can SHIB Reach A $100 Billion Market Cap?

Oct 17, 2024 Jeremy Parkinson Finance 0

Image Source: Pexels Amid fluctuating price trends in the cryptocurrency market, Shiba Inu (SHIB) continues to experience significant volatility, facing persistent challenges at its resistance levels.Over the past 20 days, the meme coin has encountered rejection six times, raising questions about its ability to break through its current barriers.As Shiba Inu traders remain watchful, the critical […]

U.S. Markets Rise Amid Strong Retail Sales And Manufacturing Data, Boosting Investor Optimism

Oct 17, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Thursday’s market gains seem to reflect optimism driven by solid economic data. Stronger-than-expected retail sales and a surprise rise in the Philadelphia Fed Manufacturing Index indicate that consumer spending and manufacturing are holding up well, suggesting resilience in the US economy despite higher interest rates. The drop in initial jobless claims further reinforces […]

FBI arrests man behind SEC twitter hack posting fake Bitcoin ETF approval

Oct 17, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways An Alabama man orchestrated a SIM swap to illegally access and manipulate the SEC’s Twitter account. The fraudulent Bitcoin ETF approval tweet caused a rapid $1,000 increase and subsequent $2,000 decrease in Bitcoin prices. Share this article The Federal Bureau of Investigation (FBI) today announced the arrest of Eric Council Jr., an Alabama […]

Softs Report – Thursday, Oct. 17

Oct 17, 2024 Jeremy Parkinson Finance, No picture 0

COTTON General Comments: Cotton was lower yesterday and trends are turning down on the daily charts as continued stressful weather was seen in the south but export demand was less. There are still ideas and reports of weaker demand potential against an outlook for improved US production in the coming year. There have been demand […]