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3 Stocks Not Named Nvidia To Buy For AI Exposure

Nov 27, 2024 Jeremy Parkinson Finance 0

Photo by Mohamed Nohassi on UnsplashArtificial intelligence (AI) is Wall Street’s new obsession, with companies discussing the technology in a snowballing fashion and helping to keep market sentiment positive.The robust quarterly results we’ve received from NVIDIA over the last year have added further fuel to the fire, with the company flexing the scorching-hot demand it’s been witnessing regarding […]

Electric Revenge: Texas Sues BlackRock And Others For ‘Conspiring’ To Quash Coal, Sending Energy Prices Soaring

Nov 27, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashTexas is leading a new lawsuit with 10 other red states against BlackRock, Vanguard and State Street for allegedly breaking antitrust law by colluding to suppress coal – causing electricity prices to spike.“Competitive markets — not the dictates of far-flung asset managers — should determine the price Americans pay for electricity,” wrote Texas Attorney General Ken Paxton in […]

Six Measures Of Core Instantaneous Inflation

Nov 27, 2024 Jeremy Parkinson Finance 0

Image Source: PixabayWith the core PCE deflator, we have these measures of what’s happening to core.Figure 1: Instantaneous inflation for core CPI (blue), chained core CPI (tan), supercore CPI (pink), services supercore (light green), PPI core (red), and PCE core (green), per Eeckhout (2023), T=12, a=4. Source: BLS, BEA, Pawel Skrzypczynski, and author’s calculationsMore By This Author:Business Cycle Indicators For […]

Financial Markets Report For Wednesday, Nov 27

Nov 27, 2024 Jeremy Parkinson Finance 0

Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Wednesday, November 27.Video Length: 00:11:40More By This Author:Metal Markets Report For Tuesday, Nov 26Financial Markets Report For Tuesday, Nov 26Metal Markets Report For Monday, Nov 25

Hedging Existential Risk From AI And Other Calamities

Nov 27, 2024 Jeremy Parkinson Finance 0

Photo by Steve Johnson on UnsplashHow should you invest if you believe that artificial intelligence will trigger the collapse of human civilization? Some people have that fear. The optimists challenge the pessimists by asking if they are short the stock market. Tyler Cowen related a conversation in which the pessimists explained, “There is no way to short the apocalypse.”People often, […]

WTI Steadies Above $68.50 Amid Large Surprise Crude Draw

Nov 27, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay WTI price remains steady near $68.65 in Thursday’s early Asian session. Israel agreed to a ceasefire agreement with Lebanon’s Hezbollah militants, effective Wednesday. US crude stocks fell by 1.844 million barrels last week, according to the EIA. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $68.65 on Wednesday. The WTI […]

Asia Morning Bites For Thursday, Nov 28

Nov 27, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Global Macro and Markets Global Markets: 10-year Treasury yields declined about 5bp to about 4.26%, while the 2-year yield was down by 3bp to 4.22%. The Bloomberg Dollar Spot Index fell 0.7%, but the US equity rally took a breather after a seven-day rally. The S&P 500 was down 0.4% and Nasdaq down […]

EUR/USD Gains Ground, But Recovery Remains Limited

Nov 27, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay EUR/USD bounced back toward the 1.0600 handle on Wednesday. Markets have stepped away from broad Greenback bidding pressure. Volumes and trading flows set to be crimped through the rest of the week. EUR/USD caught a broad-market bid on Wednesday, taking a new run at the 1.0600 handle during the midweek market session. Fiber’s […]

Gold Recovers, Boosted By Soft US Dollar After US Inflation Data

Nov 27, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay XAU/USD gains over 0.13% on Wednesday, rebounding from a weekly low of $2,605 due to a weaker US Dollar and declining US Treasury yields. US economic data show strength with the second GDP estimate for Q3 and strong labor market data. The core Personal Consumption Expenditures (PCE) Price Index aligns with expectations yet […]

Retail Stocks Resilient To Trump Tariffs: Top Picks For Investors

Nov 27, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Donald Trump plans on raising tariffs by 10% on goods from China while imports from Canada and Mexico will also see a 25% increase in tariffs, as per his recent announcement on Truth Social.Retail stocks are broadly expected to feel the pressure as higher tariffs take effect.Still, Oppenheimer analyst Rupesh Parikh sees two of […]