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Understanding The Outperformance Of The S&P 500 ESG Leaders Index Through A Sectoral Lens

Understanding The Outperformance Of The S&P 500 ESG Leaders Index Through A Sectoral Lens

The financial landscape has transformed significantly in recent years, with market participants increasingly recognizing the value of sustainability characteristics. One embodiment of this shift is the S&P 500® ESG Leaders Index, launched on Feb. 7, 2022, which is a best-in-class ESG index designed to measure the performance of securities with stronger than average ESG characteristics, while excluding […]
Boeing Workers Reject New Offer As Firm Reports Massive Losses, Strike Continues

Boeing Workers Reject New Offer As Firm Reports Massive Losses, Strike Continues

Image courtesy of 123rf.com The Boeing Company’s (NYSE: BA) struggles deepened Wednesday as union workers overwhelmingly rejected the company’s latest contract offer, extending a costly strike that has already lasted more than 40 days.The International Association of Machinists and Aerospace Workers (IAM) announced that 64% of its 33,000 members voted against the proposal, which included a 35% wage […]
Palladium Scramble – Manic Metals Report

Palladium Scramble – Manic Metals Report

Image Source: Unsplash Palladium is soaring to the upside after reports that the United States is going to ask the G7 to put sanctions on Russian palladium as well as titanium. The problem with that is palladium is needed for catalytic converters for cars and Russia is the world’s largest producer of that all-important metal if […]
Continued Unemployment Claims Are The Highest Since November 13, 2021

Continued Unemployment Claims Are The Highest Since November 13, 2021

This morning the Department of Labor released Weekly Unemployment Claims numbers.Initial Claims In the week ending October 19, the advance figure for seasonally adjusted initial claims was 227,000, a decrease of 15,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 241,000 to 242,000. The 4-week moving average was 238,500, […]
Pennsylvania House passes Bitcoin Rights Bill ahead of 2024 election

Pennsylvania House passes Bitcoin Rights Bill ahead of 2024 election

Key Takeaways The Bitcoin Rights Bill received overwhelming bipartisan support in the Pennsylvania House. Bitcoin Rights bill heads to Pennsylvania Senate as 1.5 million crypto owners could impact presidential race. Share this article The Pennsylvania House of Representatives passed a bill providing regulatory clarity for digital assets, protecting residents’ rights to self-custody, enabling Bitcoin payments, […]
South American Weather The Gamechanger. The Corn & Ethanol Report

South American Weather The Gamechanger. The Corn & Ethanol Report

We kicked off the day with Chicago Fed National Activity Index, Export Sales, Initial Jobless Claims, Continuing Jobless Claims, and Jobless Claims 4-Week Average at 7:30 A.M., Fed Hammack Speech, S&P Global Composite PMI Flash, S&P Global Manufacturing PMI Flash, and S&P Global Services at 8:45 A.M., New Home Sales and New Home Sales MoM […]
Blue Chips Sitting Out Of Tesla-Fueled Tech Rally

Blue Chips Sitting Out Of Tesla-Fueled Tech Rally

Wall Street is attempting to pare some of its recent losses. The Dow Jones Industrial Average (DJIA) is off triple digits at midday, weighed down by a post-earnings bear gaps from IBM (IBM) and Honeywell (HON). However, the S&P 500 Index (SPX) is just below breakeven and the Nasdaq Composite (IXIC) is confidently higher, the tech-heavy latter […]
“Tale Of Two Cities” Stock Market (And Sentiment Results) 
                    
 
What’s Behind The Rise in Bond Yields?
 
What’s going on with Alibaba?
 
Tale of Two Cities!
Seasonality
 
General Market:

“Tale Of Two Cities” Stock Market (And Sentiment Results)   What’s Behind The Rise in Bond Yields?   What’s going on with Alibaba?   Tale of Two Cities! Seasonality   General Market:

 What’s Behind The Rise in Bond Yields?On Wednesday, I joined the great Stuart Varney on Fox Business to discuss Bond Yields, Election, Fed, Outlook, Boeing, Misconceptions about the “Trump Trade”, and a lot more. Thanks to Stuart, Preston Mizell and Christian Dagger for having me on.Overnight Update: The Union for Boeing workers (IMA) rejected the […]
USD/JPY May Face Resistance, At Least Temporary One

USD/JPY May Face Resistance, At Least Temporary One

USDJPY made big, sharp and impulsive sell-off through summer. That was wave (A) that caused a bounce in last two months, for a rally in (B) which is now at important 153-155 resistance, but there’s no evidence of a reversal yet, unless we see a bearish intraday impulse, below 146.50, where overlap will likely confirm […]
S&P 500 Earnings Dashboard 24Q3 – Thursday, Oct. 24

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

Image Source: Pixabay  S&P 500 Aggregate Estimates and Revisions 24Q3 Y/Y earnings are expected to be 4.3%. Excluding the energy sector, the Y/Y earnings estimate is 6.9%. Of the 159 companies in the S&P 500 that have reported earnings to date for 24Q3, 78.6% reported above analyst expectations. This compares to a long-term average of 66.9%. The 24Q3 Y/Y blended revenue growth estimate is 4.2%. If the energy sector is […]