Category Archive: Finance, No picture
PLTR Stock Surges, TSLA Slips As US Stock Futures Drop On China’s Retaliation
Stock futures fell on Tuesday as China took retaliatory action against new US tariffs by imposing its own levies on select American goods.In a further escalation, China also opened an investigation into Alphabet’s Google for possible antitrust violations, adding to the market’s uncertainty.Futures related to Dow Jones Industrial Average fell by more than 0.2%, while […]
Total Return Forecasts: Major Asset Classes – Tuesday, Feb. 4
Image Source: Unsplash The long-run expected return for the Global Market Index (GMI) remained above 7% for a third straight month in January, ticking higher vs. December’s estimate. The revised forecast, based on three models defined below, continues to reflect the highest return outlook in recent history for this multi-asset-class global benchmark.US equities are still the lone downside […]
AUD/USD Price Forecast: Recovers Above 0.6200 As US Dollar Gives Up Gains
AUD/USD bounces back above 0.6200 as the US Dollar surrenders its intraday gains. US Trump’s decision to delay tariffs on Canada and Mexico has resulted in a decline in USD’s risk premium. China has retaliated with tariffs on the US, which would take place from February 10. The AUD/USD pair rebounds sharply above the round-level figure […]
Tariffs Roil Markets
Image source: Pixabay Over the weekend, President Trump announced tariffs of 25% on both Canada and Mexico, as well as a 10% tariff on China. Such was not unexpected, as contained in the Trump tariff Executive Order {SEE HERE}. Specifically, that order stated: “[SEE HERE}]: Sec. 2. (a) All articles that are products of Canada as defined by the Federal […]
Investors Getting Reacquainted With Trump Tactics
Image Source: Pexels The market got some relief around the news of the US tariff delay on Canada and Mexico, which helped to inspire a recovery rally in risk assets. Looking ahead, we get US JOLTs job openings, factory orders, Fed speak, ECB speak, and the New Zealand GDT auction.Video Length: 00:01:05More By This Author:Markets Welcome […]
Where Are Stock Prices Going Next?
The S&P 500 has rebounded yet again – is it forming a topping pattern?Stocks opened significantly lower on Monday, with the S&P 500 dipping below last Monday’s local low after the open. However, it rebounded and closed just 0.76% lower, retracing much of its initial decline. The index closed slightly below the 6,000 level.Today, the […]
Merck Tops Q4 Earnings And Revenue Estimates
Image Source: Unsplash Merck (MRK – Free Report) came out with quarterly earnings of $1.72 per share, beating the Zacks Consensus Estimate of $1.69 per share. This compares to earnings of $0.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.78%. A quarter ago, it was expected […]
EUR/USD Forecast: Euro Drops On Tariff News
I think what this means at the end of the day is going to be a situation where we are just fading rallies, which has been the game all along. I don’t like the idea of buying the euro and I think there is a hard ceiling near the 1.05 level. With that being said, […]
With Tariffs Of The Table, Focus Returns To Earnings
Photo by Jerome Monta on Unsplash US Futures and overseas markets began the day playing out as everyone had envisioned, given Trump’s weekend tariff declarations. US markets opened also as expected up until Mexico’s president announced on “X” that a tacit agreement had been reached that involved Mexico bolstering its border with 10,000 officers and the US pledging […]
Elliott Wave Technical Analysis: Costco Wholesale Corp. – Tuesday, Feb. 4
Costco Wholesale Corp., (COST) Daily ChartCOST Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave {iii} of 5DIRECTION: Upside in wave 5.DETAILS: We are looking for upside potential in wave 5 as we have just broken through Trading Level 1 at 1000$. The Alternate suggests we have a wave 5 in place where {i} stands and we are in […]
