November 2024 - Page 206 of 229 -

Volatility Hits Large Cap Biopharma: Active Rebalancing May Be Required

Nov 04, 2024 Jeremy Parkinson Finance 0

depositphotos VOLATILITY ROCKS LARGE CAP BIOPHARMA STOCKS Volatility in the market has finally shuffled the leaders in large cap biopharma : LLY and REGN. Healthcare stocks are down 3.57% MTD. Are they no longer a defensive play? Seasonality favors SMID caps for active traders: XBI. A bit of earnings and election jitters roiled the market last […]

Excluding Government, Year-Over-Year Employment Is Negative 9 Straight Months

Nov 04, 2024 Jeremy Parkinson Finance 0

Change in Employment, overall vs government, data from the BLS, chart by MishExcept where noted, charts in this post are from the BLS Household Survey. The unemployment rate is from the same survey.It’s important to not mix the Establishment Survey (Nonfarm Payrolls) with the Household Survey.Year-over-year comparisons are best done with Not Seasonally Adjusted (NSA) […]

S&P 500 Earnings Dashboard 24Q3 – Monday, Nov. 4

Nov 04, 2024 Jeremy Parkinson Finance 0

S&P 500 Aggregate Estimates and Revisions 24Q3 Y/Y earnings are expected to be 7.8%. Excluding the energy sector, the Y/Y earnings estimate is 10.6%. Of the 359 companies in the S&P 500 that have reported earnings to date for 24Q3, 76.6% reported above analyst expectations. This compares to a long-term average of 66.9%. The 24Q3 Y/Y blended revenue growth estimate is 5.0%. If the energy sector is excluded, the […]

Staying Seated On Bull Train For Now

Nov 04, 2024 Jeremy Parkinson Finance, No picture 0

With the election less than 24 hours away, it is safe to say that investors of all shapes and sizes are likely sitting on their hands today. As such, I thought this might be a good opportunity to take a step back and look at the big picture, macro backdrop.Image Source: Unsplash The Election is Finally […]

Softs Report – Monday, Nov. 4

Nov 04, 2024 Jeremy Parkinson Finance, No picture 0

COTTON General Comments: Cotton was higher on Friday in recovery trading, but lower for the week as export demand remains weak. The export sales report showed improved sales, but the sales were still down overall. Trends are mixed in this market. China moved to lower interest rates again and there are hopes this move will […]

Is The Nasdaq 100 Repeating Bearish Topping Pattern?

Nov 04, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Large cap technology stocks carry a significant amount of influence on the Nasdaq 100 and broader stock market indices.Not only do many popular tech stocks carry out-sized market caps that sway the cap weighted indices, but the also factor into market sentiment.Considering this, today’s “weekly” chart of the Nasdaq 100 shows a few reasons why […]

Need A Gamechanger For U.S. Economy. The Corn & Ethanol Report

Nov 04, 2024 Jeremy Parkinson Finance, No picture 0

We kicked off the day with Factory Orders MoM, and Factory Orders ex Transportation at 9:00 A.M., Export Inspections at 10:00 A.M., 3-Month & 6-Month Bill Auction at 10:30 A.M., 3-Year Note Auction at 12:00 P.M., Dairy Products at 2:00 P.M., Crop Progress at 3:00 P.M., and Total Vehicle Sales.The November jobs report showed that […]

First UK pension fund invests 3% of assets to Bitcoin

Nov 04, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways A UK pension fund has invested 3% of its assets in Bitcoin, becoming the first British scheme to do so. The Bitcoin investment aims to offer diversification and tap into a unique asymmetric risk-return profile. Share this article An undisclosed UK pension fund has invested 3% of its total assets in Bitcoin, marking […]

Please Do Not Panic

Nov 04, 2024 Jeremy Parkinson Finance 0

Please do not let this election uncertainty throw you into a panic. You are a rational person and know that if you are wrong about who will win and what effect it will have on the stock market that properly placed stop losses can save your assets if you are wrong.Remember the disclosure I put […]

Gold May Face A Pullback Amid Strong Dollar

Nov 04, 2024 Jeremy Parkinson Finance 0

Metals have been in a strong uptrend throughout the year, with gold approaching the 2,800 area. However, metals are now reaching some extreme sentiment levels, so we wouldn’t be surprised if a significant pullback occurs. Interestingly, gold trended upward in October, even with a stronger dollar, but with the upcoming U.S. elections and US currecny […]