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“Grocery Prices Have Soared. That’s Spoiling Biden’s Economic Pitch”

“Grocery Prices Have Soared. That’s Spoiling Biden’s Economic Pitch”

That’s the title of an article in Bloomberg today.Here’s a picture of the headline CPI and the “food at home” category.Figure 1: Headline CPI (blue), and food at home (chartreuse), and ERS forecast based on Jan CPI, all in logs 2021M01=0. NBER defined peak-to-trough recession dates shaded gray. Source: BLS via FRED, ERS, NBER, and author’s calculations. The article […]
What Caused Humana’s Shocking Earnings Miss?

What Caused Humana’s Shocking Earnings Miss?

Image Source: Pexels In this video, Chuck Carnevale, Co-Founder of FAST Graphs will go over Humana (HUM). Humana missed estimates dramatically for the 4th quarter of last year and analysts have now cut their forecast for 2024 virtually in half, what could have happened to this well-managed healthcare company? Watch this video to find out.Video Length: […]
GBP/USD Stabilizes Ahead Of Key Central Bank Decisions, UK’s Inflation In Focus

GBP/USD Stabilizes Ahead Of Key Central Bank Decisions, UK’s Inflation In Focus

Photo by Colin Watts on Unsplash  The Pound Sterling losses steam and treads water against the US Dollar as traders prepare for the announcement of major central banks’ monetary policy decisions. The Bank of England and the US Federal Reserve are expected to hold rates unchanged, though a ‘hawkish tilt’ of the Fed might weigh on Sterling; the […]
Australian Mid Caps: A Sweet Spot For Diversification And Historical Outperformance

Australian Mid Caps: A Sweet Spot For Diversification And Historical Outperformance

The S&P/ASX MidCap 50 was up 5.35% in February, outperforming the S&P/ASX 50—which posted 0.25%—by more than 5%. This was the largest relative outperformance of the mid-cap segment compared to large caps in a single month since October 2008.A closer look at Australian midcaps, as measured by the S&P/ASX MidCap 50, shows the segment offers less concentration at […]
More AI Models To Choose From

More AI Models To Choose From

Elon Musk’s xAI has officially open-sourced its AI chatbot Grok, which is now available on GitHub. The release includes the base model weights and network architecture of Grok-1: a 314 billion parameter Mixture-of-Experts model, under the Apache 2.0 license, which enables commercial use but does not include the data used to train it or connections […]
Recession? Not Today, But…

Recession? Not Today, But…

Image Source: Pexels Watch credit card companies, once they start pulling back on credit, the “R Word” comes into play.“Davidson” submits:Retail Sales reported dipping but continuing to hold at levels well above the pre-COVID trend as shown. Real Personal Income continues higher with past months revised higher. Many ask questions regarding the current dynamics. The St […]
Tesla’s Model Y Price Hike Sparks Stock Rally Amid Market Challenges

Tesla’s Model Y Price Hike Sparks Stock Rally Amid Market Challenges

Image courtesy of 123rf.com In a notable turn of events for Tesla Inc. (Nasdaq: TSLA), the electric vehicle giant recently announced a price hike for its Model Y vehicles in the United States. The move has subsequently led to a rally in its stock price.Amidst a challenging market environment that saw the company’s shares plummet to a 10-month […]
Texas-Oklahoma Wildfires Impact Just Beginning. The Corn & Ethanol Report

Texas-Oklahoma Wildfires Impact Just Beginning. The Corn & Ethanol Report

We kicked off the week with NAHB HousingMarket Index at 9:00 A.M., Export Inspections at 10:00 A.M., 3-Momth & 6-Momth Bill Auction at 10:30 A.M.The Commitment of Traders Report confirmed a week of fund buying across the principal ag markets. Funds bought 40,900 contracts of corn, 29,000 of bean oil contracts, and 16,900 contracts of […]
Reckitt Rebounds But FTSE Flat On The Day

Reckitt Rebounds But FTSE Flat On The Day

Image Source: Pexels On Monday, the FTSE 100 of the UK saw a slight decrease down 0.15% as metal miners gained due to positive economic data from China. However, the index was weighed down by losses in consumer healthcare firm Haleon following Pfizer’s stake sale. Investors will be paying close attention to the domestic inflation data […]
Red-Hot Tech Rally Boosts Major Benchmarks

Red-Hot Tech Rally Boosts Major Benchmarks

Stocks are higher Monday afternoon, as Nvidia’s rally helps the broader tech sector stage a comeback. As a result, the Nasdaq Composite (IXIC) is up more than 240 points, while the Dow Jones Industrial Average (DJI) also sports a triple-digit lead, and the S&P 500 Index (SPX) trades in the black.  Shares of apparel retailer Gap Inc (NYSE: GPS) are 5% […]