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STOXX 600 Earnings Outlook 23Q4 – Tuesday, March 12

STOXX 600 Earnings Outlook 23Q4 – Tuesday, March 12

Image Source: Pixabay   Fourth quarter earnings are expected to decrease 6.1% from Q4 2022. Excluding the Energy sector, earnings are expected to decrease 0.7%. Fourth quarter revenue is expected to decrease 0.8% from Q4 2022. Excluding the Energy sector, revenues are expected to increase 3.5%. 261 companies in the STOXX 600 have reported earnings to […]
Forget CPI, Talk To Me About AI

Forget CPI, Talk To Me About AI

Photo by Steve Johnson on Unsplash This morning’s hotter-than-expected inflation data is falling on deaf ears as equity traders instead focus on Oracle’s positive artificial intelligence (AI) statements from the company’s earnings call last night. Bond traders are cautious though, demanding more compensation in light of accelerating price increases ahead of a 10-year note auction this afternoon. Overall, however, […]
Small Businesses Cut Employment And Spending

Small Businesses Cut Employment And Spending

Ahead of this morning’s CPI release, the NFIB updated their Small Business Optimism Index. The headline reading dropped to 89.4 in February compared to 89.9 in January. That result is the reverse of what was expected as forecasts were penciling in the index to tick up to 90.5. With the lower reading, small business optimism […]
AgMaster Report – Tuesday, March, 12

AgMaster Report – Tuesday, March, 12

MAY BEANS The March WASDE issued Friday at 11 am was considered neutral/negative with US stocks higher, Global stocks lower and Brazilian Bean estimates higher! While the report was a ho-hummer, the mkt’s reaction was certainly not with a 20 cent higher close to the highest level in 3 weeks! Conventional wisdom states that the […]
Softs Report – Tuesday, March 12

Softs Report – Tuesday, March 12

Photo by Trisha Downing on Unsplash COTTON General Comments: Cotton closed a little higher yesterday in recovery trading and on the changes made by USDA in its WASDE updates on Friday. USDA cut domestic production and increased demand for reduced ending stocks estimates. It also increased demand from India and China in the world estimates. It is too […]
Ugly, Tailing 10Y Auction Sees Lowest Foreign Demand Of 2024

Ugly, Tailing 10Y Auction Sees Lowest Foreign Demand Of 2024

After yesterday’s stellar, stopping through 3Y auction, moments ago the Treasury completed its 10Y reopening of 9-year, 11-month Cusip JZ5, in an auction that was mediocre at best.The high yield of 4.166% was above last month’s 4.093% (in fact it was the highest 10Y auction stop of 2024) and also tailed the When Issued 4.157% […]
3 Charts Tell A Bullish Tale For Gold Prices

3 Charts Tell A Bullish Tale For Gold Prices

Image Source: Pixabay Gold Prices Could Be Set for a Big Rally Gold prices could be setting up for a massive run to the upside. Gold bugs have waited for this for a while.Gold price charts are saying the price of the yellow precious metal could go a lot higher. $3,000-an-ounce gold could come much faster […]
Is Inflation Sticky? NVDL: 2x Long NVDA

Is Inflation Sticky? NVDL: 2x Long NVDA

The February CPI came in this morning marginally hotter than expected with both headline and core increasing by 0.4% month over month. As I wrote earlier this morning, bulls would have liked to see core at 0.3%. Which raises the question: Is inflation proving to be sticky?Inflation peaked in June 2022 with headline CPI of 9.1%. […]
TSLA Downshift

TSLA Downshift

Image Source: Pexels There have been few short plays as reliable as Tesla (TSLA) which has seen nearly 60% of its value wiped out since November 2021. Let’s just say it hasn’t exactly formed a bullish base. On the contrary, it looks as vulnerable as ever, with the next range down beckoning. Keep in mind, this remains the most hilariously corrupt and artificial stock […]
FTSE Hits Three Week Highs As Wage Growth Slows

FTSE Hits Three Week Highs As Wage Growth Slows

Image Source: Pexels On Tuesday, UK stocks made gains supported by a decrease in the value of the pound and bond yields. This was driven by a slowdown in domestic wage growth, raising expectations that the Bank of England might initiate monetary policy easing in the near future. The FTSE 100, a leading stock index, increased […]