Author Archive: Jeremy Parkinson
QCEW Employment Change Y/Y To June 2024
The percentage change is less than that for the CES estimate. Does this mean there are a lot fewer people employed that indicated by the official series (e.g. here)? Here’s data from 2023M06 onward: Figure 1: Change in total covered employment in Quarterly Census of Employment and Wages (QCEW), not seasonally adjusted (blue), official BLS nonfarm payroll […]
Broadcom Stock Price Analysis
Image Source: Unsplash Broadcom (AVGO) is a key player in modern connectivity, producing advanced chips for routers, Wi-Fi hubs, and data center equipment.The company is also a significant contributor to AI technology, providing essential networking products like Ethernet switches that enable faster data movement, a critical component of AI infrastructure.While Nvidia often takes the spotlight for AI chips, Broadcom’s […]
October Existing Home Sales: A Pause, Or Possibly Reversal, In The Rebalancing Trend
Yesterday’s report on existing home sales indicated, at least for one month, a pause or even reversal in the previous trend of abating price increases and increased inventory. While existing home sales are not nearly so important to the economy as new home sales, to the extent that home buyers must pay more of their […]
Bird’s Eye View Of Price And Risk
This week, we learned that the US index of leading economic indicators (Conference Board LEI) contracted to 99.5 in October—the 32nd consecutive month of contraction and the longest since at least 1957 (all shown below courtesy of The Daily Shot). The only LEI items that expanded in October were stock (green) and credit (pink) prices. […]
X teases money transfer feature as part of Musk’s everything-app vision
Key Takeaways X plans to introduce a money transfer feature under its X Payments service, aligning with Musk’s vision for an ‘everything app’. X Payments LLC has acquired money transmitter licenses in most US states, positioning the platform to incorporate financial services. Share this article X is preparing to launch a money transfer feature as […]
Gold’s Public Sentiment
Image Source: Pixabay Gold’s public sentiment is generally over-bullish, but… Gold’s public sentiment (graph & data from Sentimentrader.com) registered an extreme last month as the market was supposedly anxious about war abroad and the political war here in the US. Oh, and more importantly, there is the slowly decelerating economy and the Federal Reserve, weakening from […]
Here’s What The Euro’s Collapse Means For You
Image Source: Unsplash While Bitcoin dominates today’s headlines, seasoned investors know the financial markets extend far beyond cryptocurrencies.Don’t misunderstand – I remain bullish on crypto and have been for months. However, focusing solely on crypto means missing other significant market opportunities unfolding right now.The foreign exchange market dwarfs all others in trading volume, and a major development […]
AI Unicorns: VAST Data Puts Unstructured Data In A Database
Photo Credit: Emily from Pixabay According to a recent report, the AI data management market, which includes companies that provide the ability to store, process, and access data, is expected to grow at 23% CAGR to reach $70.2 billion by 2028. New York-based VAST Data is a strong player in the industry. VAST Data’s Offerings VAST Data was founded […]
Trump’s Proposed Tariffs Are A Tax On Consumers, Primarily The Poor
The Institute on Taxes and Economic Policy discusses The Impact of Trump’s Proposed Tariffs While Mr. Trump mentioned different specific figures at different times, our analysis examined his proposal for a new 60 percent tariff on goods imported from China and a 20 percent tariff on goods imported from other countries. If his proposal were in […]
S&P 500 Earnings Dashboard 24Q3 – Friday, Nov. 22
Image Source: Pexels S&P 500 Aggregate Estimates and Revisions 24Q3 Y/Y earnings are expected to be 8.9%. Excluding the energy sector, the Y/Y earnings estimate is 11.7%. Of the 475 companies in the S&P 500 that have reported earnings to date for 24Q3, 76.4% reported above analyst expectations. This compares to a long-term average of 66.9%. The 24Q3 Y/Y blended revenue growth estimate is 5.3%. If the energy sector is […]
