Archives by Month:

Archives by Year:

S&P 500 Earnings Dashboard 24Q3 – Friday, Oct. 11

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

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 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

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

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

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

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 […]
Bitcoin And Ethereum: Bitcoin Drops To New Low On Thursday

Bitcoin And Ethereum: Bitcoin Drops To New Low On Thursday

Bitcoin chart analysisThe price of Bitcoin on Thursday retreated to $58867 at a new weekly low. With that step, the price broke last week’s low. After a quick consolidation, we are back above the $60,000 level again this morning. For now, we have resistance at $60,800, where the EMA 50 moving average is creating additional […]
USD/CAD Surrenders Some Gains After US PPI, Canadian Employment Data

USD/CAD Surrenders Some Gains After US PPI, Canadian Employment Data

Image Source: DepositPhotosThe USD/CAD pair gives up some of its intraday gains after posting a fresh two-month high to near 1.3780 in Friday’s New York session. The Loonie asset surrenders some gains after the release of the United States (US) Producer Price Index (PPI) and the Canadian Employment data for September.The initial reaction after the […]
Tech Mahindra Stocks Elliott Wave Technical Analysis – Friday, October 11

Tech Mahindra Stocks Elliott Wave Technical Analysis – Friday, October 11

TECH MAHINDRA – TECHM (1D Chart) Elliott Wave Technical AnalysisFunction: Larger Degree Trend Higher (Intermediate Degree, Orange)Mode: MotiveStructure: ImpulsePosition: Minute Wave ((iv)) NavyDetails: Minute Wave ((iv)) might be complete as a triangle around the 1600 mark. If correct, Minute Wave ((v)) to resume higher soon.Invalidation point: 1420Tech Mahindra Daily Chart Technical Analysis and potential Elliott […]