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Gold And Silver: A Hedge Against Currency Risk

Gold And Silver: A Hedge Against Currency Risk

Image Source: Pixabay Holding fiat currency is risky business and that’s not going to change any time soon.Currency risk is one of the factors driving the recent rally in gold and silver. It’s no coincidence that the recent gold and silver rally started as the U.S. ramped up threats to seize Russian dollar assets.However, using the […]
Hedgeye Claims Reddit Is ‘Grossly Overvalued’, Insiders Sell Shares After IPO

Hedgeye Claims Reddit Is ‘Grossly Overvalued’, Insiders Sell Shares After IPO

Image courtesy of 123rf.com Reddit Inc. (NYSE: RDDT) has made headlines since its blockbuster IPO, but only some of the attention has been positive. The social media giant’s stock has experienced significant volatility, with insider trading and overvaluation concerns taking center stage. As top executives, including CEO Steve Huffman, CFO Andrew Vollero, and CTO Christopher Slowe, sell substantial […]
All Or Nothing Comes Back

All Or Nothing Comes Back

Although the S&P 500 is ending the week little changed (as of this writing it is trading 7 bps higher today), yesterday’s gain came in at a more impressive 86 bps. Besides the size of the move higher was that the gain occurred on very strong breadth with the S&P 500 registering an “All or […]
Russell 2000 Earnings Dashboard 23Q4 – Thur., March 28

Russell 2000 Earnings Dashboard 23Q4 – Thur., March 28

Image Source: Unsplash Russell 2000 Aggregate Estimates and Revisions The 23Q4 Y/Y blended earnings growth estimate is -18.9%. If the energy sector is excluded, the growth rate for the index is -14.1%. Of the 1,744 companies in the Russell 2000 that have reported earnings to date for 23Q4, 54.8% reported above analyst expectations. The 23Q4 Y/Y blended revenue growth estimate is -1.4%. If the energy sector is excluded, the growth rate for […]
The Euro Currency Could Weaken

The Euro Currency Could Weaken

Image Source: Pixabay The Euro Currency Index with ticker EURX was in a recovery mode in the last couple of weeks, but EUR/XXX crosses didn’t move much, because other currencies were also quite strong, except Japanese yen. Anyway, if we take a look at EURX chart, we can see it trading in a larger A-B-C corrective […]
Stocks Static Even As Inflation Fears Fade

Stocks Static Even As Inflation Fears Fade

Stocks are flat midday, potentially ending the week, month, and quarter with a whimper. Wall Street is seemingly ambivalent about a double dose of upbeat economic data that points to a cheery economic outlook, with the Dow Jones Industrial Average (DJIA) last seen marginally higher. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also barely […]
S&P 500 Earnings Dashboard 23Q4 – Thursday, March 28

S&P 500 Earnings Dashboard 23Q4 – Thursday, March 28

Image Source: Pexels  S&P 500 Aggregate Estimates and Revisions The 23Q4 Y/Y blended earnings growth estimate is 10.1%. If the energy sector is excluded, the growth rate for the index is 13.7%. Of the 498 companies in the S&P 500 that have reported earnings to date for 23Q4, 76.3% reported above analyst expectations. This compares to a long-term average of 66%. The 23Q4 Y/Y blended revenue growth estimate is 3.7%. If the […]
USD/JPY Stalls Amid Mixed Market Mood, Intervention Concerns

USD/JPY Stalls Amid Mixed Market Mood, Intervention Concerns

The USD/JPY remains subdued during the North American session, trading at 151.28, almost flat, amid renewed fears of Japan’s intervening in the markets to cap the Japanese Yen (JPY) weakness. USD/JPY trades cautiously with US economic growth and job data in focus, alongside Japan’s intervention warningsMarket sentiment is mixed amid thin liquidity trading as the year’s first quarter […]
“More To Grow Or Time To Go?” Stock Market (And Sentiment Results)…

“More To Grow Or Time To Go?” Stock Market (And Sentiment Results)…

Image Source: Pixabay  On Tuesday afternoon I joined Charles Payne on Fox Business to discuss market indicators, market outlook, and three positions. Thanks to Charles, Nicholas Palazzo, and Kayla Arestivo for having me on:Video Length: 00:04:41After Fox Business, I went over to the Yahoo! Finance studio to talk with Akiko Fujita and Josh Lipton about picks, market […]
Grains Report – Thursday, March 28

Grains Report – Thursday, March 28

Photo by Evi Radauscher on Unsplash DJ U.S. Export Sales: Weekly Sales Totals-Mar 28 For the week ended Mar 21, in thousand metric tons, except cotton in thousand running bales. Net changes in commitments are gross sales, less cancellations, buy-backs and other downward adjustments. Total commitments are total export shipments plus total sales. The marketing year for wheat and […]