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Archives by Year:
USDA October Surprise? The Corn & Ethanol Report
We kicked off the day with PPI, PPI MoM & YoY, and PPI Ex Food , Energy and Trade MoM & YoY at 7:30 A.M., Fed Goolsbee Speech at 8:45 A.M., Michigan Consumer Sentiment Prel, Michigan 5-Year Inflation Expectations Prel, Michigan Consumer Expectations Prel, Michigan Current Conditions Prel, and Michigan Inflation Expectations Prel at 9:00 […]
Today’s Big Earnings Results Summarized: BLK, JPM, And WFC
Image courtesy of 123rf.com After continuously revised jobs data in the downward direction, leading to 818,000 fewer jobs (trailing 12 months up to March 2024) than originally reported, the trust in official figures has waned. Some studies have suggested that the US has actually been in recession since 2022.Case in point, economists EJ Antoni and Peter St. Onge made […]
Producer Prices For Food Jump 1.0 Percent, Goods Decline, Services Up
PPI Final Demand Key Detail Month-Over-Month PPI: +0.0 Percent Services: +0.2 Percent Goods: -0.2 Percent Excluding Food and Energy: +0.5 Percent Food: +1.0 Percent Energy: -0.7 Percent Energy more than offset the jump in food because the increase in services has more weight than the decline in goods. PPI Year-Over-Year PPI Final Demand Year-Over-Year Details […]
S&P 500 Earnings Dashboard 24Q3 – Friday, Oct. 11
S&P 500 Aggregate Estimates and Revisions 24Q3 Y/Y earnings are expected to be 4.9%. Excluding the energy sector, the Y/Y earnings estimate is 7.3%. Of the 29 companies in the S&P 500 that have reported earnings to date for 24Q3, 79.3% 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 excluded, the […]
Arkham to launch derivatives exchange, aims to compete with Binance
Key Takeaways Arkham’s new exchange will cater to 880,000 users but not in the US. The firm is relocating to the Dominican Republic for tax advantages. Share this article Arkham Intelligence, a blockchain data tracking platform, is set to launch a crypto derivatives exchange next month, according to a Bloomberg report. “The exchange will be […]
Turkey’s Current Account Maintains Its Narrowing Trend
Turkey’s current account balance in August recorded a US$4.3bn surplus, broadly in line with expectations and significantly better than the level seen in the same month of 2023. The 12-month rolling deficit – which has maintained a narrowing trend to US$11.3bn (translating into around 0.9% of GDP) from US$15.1bn a month ago – marked the lowest reading since the end of 2021. It should […]
10-Year U.S. Treasury Yield ‘Fair Value’ Estimate – Fri., Oct. 11
The market premium for the US 10-year yield over a “fair value” estimate calculated by CapitalSpectator.com continued to narrow in September. The smaller spread extends a downside trend in recent months following a period of an extremely high market premium vs. the fair value, which is drawn from the average of three models.The current market yield […]
FTSE Flat Again, Mirroring UK GDP
Image Source: Pexels U.K. stocks were little changed on Friday as official data showed the U.K. economy returned to growth in August, but the pace of expansion was weaker than in the first half of the year. The real economy grew 0.2% in August after showing nil growth in July and June, the Office for National […]
Dow Powered By Blue-Chip Bank Breakout
The Dow Jones Industrial Average (DJI) is surging into the weekend, up over 300 points at last check, earlier touching a fresh all-time high. Not to be outdone, the S&P 500 Index (SPX) nabbed its second record high of the week, as bank stocks — particularly JPMorgan Chase’s (JPM) upbeat earnings report — power Wall Street. All three major […]
Hot CPI And High Claims Spell Some Trouble
S&P 500 made the expected dip on hotter CPI, and then went on to recover – both the macro prediction and market response I got right for clients. While the first serious support zone of 5,785 – 5,795 wasn‘t hit, the price action still offered great intraday gains for clients, it had just been not suitable […]
