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Pity The Canadian Dollar As It Gets Hit From All Sides

Pity The Canadian Dollar As It Gets Hit From All Sides

Photo by Michelle Spollen on Unsplash The last month has not been kind to the Canadian dollar as a variety of different domestic and international developments combined to weaken the loonie. Since the start of 2024, the USD/CAD has appreciated by 7.5%. Worried Canadians travellers, especially at this time of year, and portfolio managers alike have seen the […]
Income And Spending Miss Estimates, But Show Steady Growth Above Inflation

Income And Spending Miss Estimates, But Show Steady Growth Above Inflation

Personal Consumption Expenditures (PCE) read on inflation (an alternative to the CPI, preferred by the Fed) increased +0.1% in November, and +2.4% over the last 12 months. With food and energy prices both rising +0.2%. If we exclude food and energy prices (core PCE), inflation rose +0.1% in November and +2.8% over the last 12 […]
Dow Up 752 Points, Extending Rebound From Dramatic Losses

Dow Up 752 Points, Extending Rebound From Dramatic Losses

The Dow Jones Industrial Average (DJI) is in rally mode, reversing its premarket losses to jump 752 points after yesterday snapping its 10-day losing streak. The Nasdaq Composite Index (IXIC) and S&P 500 Index (SPX) are firmly higher as well, as investors unpack this morning’s lukewarm PCE price index data.Meanwhile, bond yields are sharply lower today, following […]
Caterpillar, Inc. (CAT) Dividend Stock Analysis

Caterpillar, Inc. (CAT) Dividend Stock Analysis

Image Source: Unsplash  Linked here is a detailed quantitative analysis of Caterpillar, Inc. (CAT). Below are some highlights from the above linked analysis:Company Description: Caterpillar Inc. is the world’s largest producer of earthmoving equipment, and a major manufacturer of mining equipment, electric power generators, and engines used in petroleum markets.Fair Value: In calculating fair value, I consider the NPV MMA […]
Merck & Co Inc (MRK) DCF Valuation: Is The Stock Undervalued?

Merck & Co Inc (MRK) DCF Valuation: Is The Stock Undervalued?

As part of a new series, each week we typically conduct a DCF on one of the companies in our screens. This week we thought we’d take a look at one of the stocks that is not currently in our screens, Merck & Co Inc (MRK).  ProfileMerck makes pharmaceutical products to treat several conditions in a […]
LayerZero’s Stargate down for 6 hours due to DVN executors malfunction

LayerZero’s Stargate down for 6 hours due to DVN executors malfunction

Key Takeaways Stargate has been offline for over six hours due to a serious service disruption. LayerZero is actively working to resolve the problem. Share this article Stargate, a cross-chain bridge built on LayerZero, has been down for over six hours due to malfunctioning Decentralized Verifier Networks (DVN) executors, which causes delays in transaction processing […]
Sensex Tanks 1,176 Points; Nifty Ends Below 23,650

Sensex Tanks 1,176 Points; Nifty Ends Below 23,650

After starting the day on a negative note, the benchmarks dragged further as the session progressed and ended the day on weak note.Benchmark equity indices, the BSE Sensex and NSE Nifty50, witnessed a sharp correction, ending the week’s last trading session down by over 1% each, weighed by selling across the counters.At the closing bell, […]
Jerome Powell: “I Think It’s Pretty Clear We’ve Avoided A Recession”

Jerome Powell: “I Think It’s Pretty Clear We’ve Avoided A Recession”

In response to a media member, who at Wednesday’s post-FOMC press conference, asked Jerome Powell if he thinks we’ve avoided the recession that everyone [read: the media and its obsession with the supposed negative indications of the former Yield Curve inversion] was talking about a couple of years ago, the Fed chief replied without missing […]
GBP/JPY Price Forecast: Slumps As UK Retail Sales Misses Estimates

GBP/JPY Price Forecast: Slumps As UK Retail Sales Misses Estimates

 Image Source: Pixabay   GBP/JPY declined to near 196.00 as a higher number of BoE officials voted for an interest rate reduction on Thursday than what market participants had anticipated. UK Retail Sales rose at a slower-than-expected pace in November. Hotter Japan National CPI data for November has boosted BoJ hawkish bets. The GBP/JPY pair is […]
Russell 2000 At Important Risk-On Vs. Risk-Off Crossroads

Russell 2000 At Important Risk-On Vs. Risk-Off Crossroads

The stock market has been charging higher into year end. Then came the Fed interest rate decision and comments.But even a couple weeks before this, an area of the stock market was already pulling back: the small-cap Russell 2000 Index.The small cap index tested its 2021 highs a couple of weeks ago, where a bearish weekly […]