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Q4 2023 U.S. Retail Scorecard For Thursday, March 14
Image Source: UnsplashTo date, 186 of the 204 companies in our retail/restaurant index have reported their EPS results for Q4 2023, representing 91% of the index. Of those companies that have reported their quarterly results, 69% announced profits that beat analysts’ expectations, while 3% delivered on-target results and 28% reported earnings that fell below estimates. The […]
Asia Morning Bites For Friday, March 15
Image Source: UnsplashGlobal Macro and Markets Global Markets: Given a very mixed set of US data yesterday, the fact that US Treasury yields chose to move significantly higher, rather than fall or just muddle along sideways gives a sense of where the market’s thinking currently is. A June cut is now just 65% priced in. A month […]
System Liquidity Is A Bigger Risk Than Inflation
Image Source: PixabaySYSTEM LIQUIDITY IS THE BIGGER RISKThere is quite a bit of debate right now about whether inflation’s effects will worsen again soon; or, whether the inflation threat has been minimized and “disinflation” will prevail. Don’t look now, but the specter of a liquidity crisis is looming in the background.The situation is such that a […]
Markets Pull Back On Consumer Spending Concerns
Image Source: UnsplashDirectly following the release of this morning’s Producer Price Index (PPI), Retail Sales and Weekly Jobless Claims, all four major indices climbed higher, even though it was pretty clear we weren’t going to see any interest rate cuts for at least 13 weeks (the June 11-12 FOMC meeting), but within minutes of the opening […]
FOMC Meet Preview: US Fed Likely To Cut Interest Rates In June
Image Source: Pexels All eyes are on the FOMC members’ projections during the 20 March meeting. US Fed aims to avoid triggering a recession while steering the economy towards a more neutral stance. Signs of a cooling job market and easing inflation suggest a shift in economic dynamics. The U.S. economy’s robust growth, employment, and inflation […]
Financial Markets Report For Thursday, March 14
Image Source: PexelsIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Thursday, March 14.Video Length: 00:12:13More By This Author:Metals Report For Wednesday, March 13Financial Markets Report For Wednesday, March 13Metals Report For Tuesday, March 12
Bonds Behaving Beautifully
Image Source: PixabayThe title says it all: as a chartist, I must stand up and salute TLT, as it is behaving absolutely As God Intended ™.The ultra-short on bonds, shown below, is doing great. Simply stated, the notion that interest rates are going to do nothing but fall from here is utterly empty-headed, and foolish.More By This Author:Adidas […]
Russian Growth Slows
Image Source: PexelsFrom BOFIT today (translated by Google): GROWTH IN TOTAL PRODUCTION HAS DECLINED IN RECENT MONTHS According to the monthly estimate published by the Russian Ministry of Economy, the annual growth of Russia’s GDP has clearly slowed down in recent months. The indicator describing the development of the five main production sectors of the statistics agency Rosstat […]
The Decline Of Economics
Image source: PixabayIn recent years, I’ve been bemoaning a new “dark age of macroeconomics”. I know less about current trends in micro, and thus was interested in these comments by Steven Levitt (from an interview by Jon Hartley): Steve: “Yeah, yeah, sort of everywhere. Every macro department feels a lot like heavily influenced by Chicago. And I think […]
AUD/USD Price Analysis: Consolidation Is On The Horizon As Hourly Indicators Reach Oversold Conditions
Image Source: Unsplash The daily RSI remains in positive territory but took a big hit. The hourly chart shows strong selling pressure with RSI sitting in oversold territory. The pair may consolidate in the short term. The AUD/USD pair is currently trading at 0.6583, suggesting a noticeable and strong downturn. Regardless of the immediate selling pressure, the broad […]
