2024 - Page 2147 of 2348 -

Fed’s Dot Plot Is More Hawkish Towards Cuts In March Vs. December

Mar 20, 2024 Jeremy Parkinson Finance 0

The above chart is from the Fed’s Summary of Economic Projections for March 2024 and December of 2023. Summary of Economic Projections March 2024 vs December 2023 Compared to December of 2023 the Fed upped its central tendency of GDP expectations, core inflation, and the expected Fed Funds Rate. pic.twitter.com/akY0JlY5lj — Hedgeye (@Hedgeye) March 20, 2024 The […]

The Fed Just Delivered Some Irrational Exuberance Of Its Own

Mar 20, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels Another Fed Day has come and gone… and what a dud. Not only has the S&P 500 fallen off its daily highs, but – big picture – the central bank has completely failed to curb inflation. That’s despite all the cheerleading they’ve done over the past, I dunno, three years.More to the point, […]

Record Closes All Around After Fed Decision

Mar 20, 2024 Jeremy Parkinson Finance 0

The Federal Reserve’s decision is in and, as many on Wall Street expected, the central bank will keep interest rates unchanged. Fed Chairman Jerome Powell added that there could still be three cuts this year, despite recent hotter-than-anticipated inflation data. In response, all three major benchmarks locked in record closes and third-straight daily wins, with the […]

Market Talk – Wednesday, March 20

Mar 20, 2024 Jeremy Parkinson Finance 0

ASIA:The major Asian stock markets had a mixed day today: NIKKEI 225 closed Shanghai increased 16.93 points or 0.55% to 3,079.69 Hang Seng increased 13.59 points or 0.08% to 16,543.07 ASX 200 decreased 7.40 points or -0.10% to 7,695.80 Kospi increased 33.97 points or 1.28% to 2,690.14 SENSEX increased 89.64 points or 0.12% to 72,101.69 […]

Boeing Vs. Airbus Stock: Which One Is A Safer Hold For The Long-Term

Mar 20, 2024 Jeremy Parkinson Finance 0

Image courtesy of 123rf.com Since the beginning of the year, Boeing (NYSE: BA) has achieved a meme stock status, but not in a good way. Due to publicly highlighted grounding incidences of its commercial aircraft, BA shares have plummeted 26% year-to-date.At the same time, Airbus SE (EADSF) is on a divergent upward trajectory, gaining 19% returns. The […]

How High Could The Stock Market Go Without This Invisible Hand?

Mar 20, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Invisible Hand Holding Up Stock Market for Now You might be wondering why the stock market continues to march higher when everything is against it. Interest rates are high, the economy is peaking, there’s pessimism among investors, earnings aren’t very strong, the global economy is suffering, inflation remains sticky, and so on.You see, […]

U.S. Fed Holds Policy Steady And Sticks With Three-Cut View For 2024

Mar 20, 2024 Jeremy Parkinson Finance, No picture 0

The Federal Reserve left the Fed funds target rate range unchanged and continues to indicate three 25bp rate cuts are the most likely path ahead for 2024. This is modestly dovish, but with growth and inflation projections revised stronger, the Fed believes that the risk is that interest rates will be higher than previously thought over […]

PIMCO: The Fed Needs More Unemployment

Mar 20, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels Analysts at PIMCO say that for the Fed to reach its goal of lowering inflation to 2%, we need fewer people to be employed. Reduced incentives to offer raises and bonuses and less spending from the “resilient” American consumer can help cool down inflationary pressure. But there’s an elephant in the room: Why do we […]

Fed Remains On Hold, But ‘Dots’ Reveal Hawkish Bias

Mar 20, 2024 Jeremy Parkinson Finance 0

Image source: Wikipedia Tl;dr: No change for rates, barely any change in the statement, upgraded economic growth, but big ‘signals’ from the Dot-Plot with 2024 remaining the same (3 rate-cuts) but 2025, 2026, and beyond all seeing higher rates (less cuts).2024 Median dot: unchanged at 3 cuts, but composition changed… 2 officials saw no cuts (unch) 2 […]

Russell 2000 Earnings Dashboard 23Q4 – Wednesday, March 20

Mar 20, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels Russell 2000 Aggregate Estimates and Revisions The 23Q4 Y/Y blended earnings growth estimate is -19.2%. If the energy sector is excluded, the growth rate for the index is -14.5%. Of the 1,689 companies in the Russell 2000 that have reported earnings to date for 23Q4, 54.6% 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 […]