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FTSE Recovers From Three Month Lows

FTSE Recovers From Three Month Lows

 The UK’s FTSE 100 index moved higher on Friday, recovering from near three-month lows reached Thursday, as advances in Reckitt Benckiser and energy stocks countered concerns over inflation caused by Britain’s budget. Rachel Reeves attracted criticism for her first budget, which was heavy on spending, tax increases, and borrowing and short on economic growth. Both […]
Ethereum Futures Show Signs Of Optimism: Will Positive Funding Rates Drive A Breakout?

Ethereum Futures Show Signs Of Optimism: Will Positive Funding Rates Drive A Breakout?

Image Source: Pixabay Ethereum recent performance in the futures market is generating optimism among traders and analysts, according to insights shared by CryptoQuant analyst ‘ShayanBTC.’As the second-largest crypto by market capitalization, Ethereum has garnered notable attention following an uptick in funding rates—a measure used to gauge the demand balance between buyers and sellers in futures contracts. Rise In Funding Rates […]
Uranium Prices Ease Amid U.S. Supply Investments And Rising Global Nuclear Demand

Uranium Prices Ease Amid U.S. Supply Investments And Rising Global Nuclear Demand

Image Source: Pexels Our perspective in uranium markets underscores the need for a balanced approach, given the interplay between increasing supply initiatives and supportive long-term demand drivers. Key Points to Address: Supply-Side Developments: The U.S. Department of Energy’s (DOE) decision to invest nearly $3 billion to build domestic uranium supply reflects a strategic shift towards energy […]
XOM CVX Earnings And The Case For Oil Stocks

XOM CVX Earnings And The Case For Oil Stocks

Investors today love tech. Tech is by far the biggest part of the market and it’s been the best performing for a long time. For those reasons, most investors tend to tune out the rest of the market. But that’s a mistake IMO. As much as technological innovation is driving our world forward, other sectors […]
ISM Manufacturing Poor Again In October

ISM Manufacturing Poor Again In October

As usual, next week there will be a dearth of economic data, so I’ll report on construction spending then.In the meantime, we got another poor ISM manufacturing report, with the total index declining to 46.5, the lowest reading this year, while the more leading new orders component increased 1.0 to 47.1. As a refresher, any […]
Private NFP Nowcast

Private NFP Nowcast

Based on ADP-Stanford Digital Economy Lab series for October. Figure 1: Private nonfarm payroll employment (bold black), nowcast based on error correction model using ADP-Stanford Digital Economy Lab series (blue), +/- 1 standard error lines (gray), Bloomberg consensus as of 10/31 (red square), all in 000’s, s.a. Source: BLS, ADP via FRED, and author’s calculations.  The […]
Election Model Tightens With Weak Employment And Market Selloff

Election Model Tightens With Weak Employment And Market Selloff

T minus 4 days until the election. I hope to send out emails and/or videos over the weekend and then most days next week.After my last email about our election model I was amazed that people completely ignored my comments and sent me chirping, nasty emails. The model is 100% unemotional. It doesn’t care about […]
Boeing Stock Climbs As Union Deal Appears Within Reach

Boeing Stock Climbs As Union Deal Appears Within Reach

Image courtesy of 123rf.com Boeing’s (NYSE: BA) seven-week labor dispute may be nearing its end as the International Association of Machinists and Aerospace Workers (IAM) prepares to vote on an enhanced contract offer this Monday. The strike, involving 33,000 workers, has dealt significant financial blows to the aerospace giant while highlighting ongoing tensions over employee benefits and […]
Nonfarm Payrolls Rise A Mere 12,000 With Government Jobs Up 40,000

Nonfarm Payrolls Rise A Mere 12,000 With Government Jobs Up 40,000

Data from the BLS, chart by MishHurricane Milton and HeleneThe BLS Employment Report offers this Hurricane Explanation for the grim report. Hurricane Helene made landfall on Florida’s Gulf Coast on September 26, 2024, and then tracked north into several other states. This was before the October reference periods for both the household and establishment surveys. Hurricane Milton […]
Stocks Start November Strong, Dow Surges 555 Points

Stocks Start November Strong, Dow Surges 555 Points

Wall Street has swiftly put October’s losses in the rear view mirror. The Dow Jones Industrial Average (DJI) is up 555 points at last check, on track for its best single-session gain since Aug. 15. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also confidently higher, as investors cheer Amazon.com (AMZN) earnings and a broader […]