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Archives by Year:
February Consumer Inflation: The Tug Of War Between Gasoline And Shelter Continues
Last month I described the trend in consumer inflation as an ongoing “tug of war” between energy and housing. Energy (mainly gasoline) peaked in June 2022 and made its low in June 2023, while housing, which peaked in early 2023, has been gradually disinflating since.That tug of war continued in February. Energy prices firmed, up […]
The Energy Report: Cracked Up
Image Source: DepositPhotosOil prices rebounded yesterday as it appears that gasoline supply is not all it’s cracked up to be. There are lingering concerns about the tightness of supply in the Midwest in the aftermath of the Whiting BP refinery outage as well as another refinery outage.Reuters reported that the coker and small crude distillation […]
Should You Buy Dick’s Sporting Goods Ahead Of Earnings?
Image Source: Unsplash Investors are always looking for stocks that are poised to beat at earnings season and Dick’s Sporting Goods, Inc. (DKS – Free Report) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because DICK’S Sporting Goods is seeing favorable earnings estimate revision […]
Student Loan Forgiveness Is Robbing Peter To Pay Paul
With President Biden’s Saving on a Valuable Education (SAVE) plan set to extend more student loan relief to borrowers this summer, the federal government is pretending it can wave a magic wand to make debts disappear. But the truth of student debt “relief” is that they’re simply shifting the burden to everyone else, robbing Peter […]
Elliott Wave Technical Analysis: Exxon Mobil Corp. – Tuesday, March 12
Image Source: Unsplash XOM Elliott Wave Analysis Trading Lounge Daily Chart, 12 March 2024Exxon Mobil Corp., (XOM) Daily ChartXOM Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minor 1 of (5).DIRECTION: Five waves up into wave 1. DETAILS: We have seen a long lasting correction in what could be wave (4), and we have now found support […]
United States Fed Inflation Report Pushes Back On Rate Cut Hopes
Inflation numbers today showed a still-sticky inflation scenario for the United States. Inflation rose 3.2% year-on-year and 0.4% month-on-month in February. These latest figures may quench the rumors that rate cuts are coming for the US soon. The United States Bureau of Labor Statistics released its data on February CPI and core inflation today.The data showed that […]
Right Answer, Wrong Result
The CPI just came out, and inflation is running hot across the board (even by the government’s completed fake, watered-down metrics).The bell curve below illustrates the expectations for the month-over-month print, and we definitely landed on the hot side, which few were expecting.The moment this came out, assets plunged across the board. And then, FOR […]
FTSE 100 Commentary – Tuesday, March 12
Image Source: Unsplash FTSE Breaking OutThe FTSE is breaking higher today on the back of the latest UK economic data released this morning. The ONS reported that in the three months to January, UK wage growth slowed to 5.6% from 5.8% prior, this marks the lowest level of earnings increases since October 2022. Additionally, the unemployment […]
SPY Getting Rolling
S&P 500 didn‘t produce a dead cat bounce to speak of Monday, and today‘s overnight resilience on ORCL earnings allows the bulls derisking into CPI, which is likely to come at least as hot as predicted – please see extensive Sunday article fore more.The performance within semiconductors and Bitcoin miners is especially troubling, and rotations would […]
Turkey’s Current Account Deficit Sees A Sharp Drop In January
The downward trend in Turkey’s current account that began after the peak last July has continued, with a drop seen in the 12-month rolling deficit to US$37.5bn from US$45.4bn a month ago.Current account (12M rolling, US$bn)Image Source: CBT, INGTurkey’s current account posted a deficit at US$2.6bn in the first month of this year, better than the market […]
