Category Archive: Finance, No picture
Why Are Stocks Up If The Economy Is Slowing Down?
Image Source: Unsplash The stock market is not the economy. It’s always looking 6-12 months out, trying to predict what is going to happen next. Meaning, the markets predictions could be right at times, but it can also get things wrong.Nick Colas, the Co-Founder of DataTrek Research joins Eric Chemi to explain how the markets are […]
Microsoft Just Announced An AI Chip That Could Go Up Against Nvidia
Image Source: Pixabay Microsoft Corp (Nasdaq: MSFT) just announced an AI chip that will likely compete with the highly in-demand Nvidia GPUs. Its shares are slightly in the green at writing. Microsoft also unveiled a new CPU today The tech behemoth unveiled the said artificial intelligence accelerator it’s calling the “Maia 100” today at its Ignite conference in Seattle. How […]
Softs Report – Wednesday, Nov. 15
COTTON General Comments: Cotton closed higher yesterday on buying related to market-positive CPI data released by the US government and the sharp move lower in the US Dollar. The weekly export sales report was strong and helped support prices. The monthly USDA reports were mostly ignored as market factors. USDA increased yields and production to […]
Q3 2023 U.S. Retail Scorecard – Update
Image Source: Unsplash To date, 145 of the 205 companies in our Retail/Restaurant Index have reported their EPS results for Q3 2023, representing 71% of the index. Of those companies that have reported their quarterly results, 69% announced profits that beat analysts’ expectations, while 4% delivered on-target results and 27% reported earnings that fell below estimates. […]
Shake & Bake. The Corn & Ethanol Report
We kicked off the day with MBA 30-Year Mortgage Rate, MBA Mortgage Applications, MBA Mortgage Market Index,MBA Mortgage Refinance Index, and MBA Purchase Index at 6:00 A.M., PPI MoM & YoY, Retail Dales MoM & YoY, Core PPI MoM & YoY, NY Empire State Manufacturing Index, Retail Sales Ex Autos MoM, PPI Ex Food, Energy, […]
Will U.S. Dollar Weakness Be Bullish For Gold & Silver?
Image Source: Unsplash A couple of weeks ago, we highlighted the U.S. Dollar as an asset ready for a big move.King Dollar was trading sideways and at important price resistance, so something had to give.Today, we revisit that “weekly” chart and provide an update on where the buck stands.As you can see, the U.S. Dollar has lost its mojo […]
Retail Sales Decreased In October But Lower Than Expected
Image Source: Unsplash Retail sales fell for the first time in eight months in October, although the drop was smaller than the expected 0.3%.Retail sales witnessed a 0.1% drop in October, missing the economists’ expectations of a 0.3% decrease. However, the print marked the first decline in eight months, indicating that the US economy is cooling down […]
Advance Auto Parts Q3 Earnings: Taking A Look At Key Metrics Versus Estimates
Image Source: Unsplash Advance Auto Parts (AAP – Free Report) reported $2.72 billion in revenue for the quarter that ended September 2023, representing a year-over-year increase of 2.9%. EPS of -$0.82 for the same period compares to $2.84 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.68 billion, representing a surprise of +1.48%. The […]
Elliott Wave Analysis: Commodity Markets – Wednesday, Nov. 15
Image Source: Unsplash Content: Bitcoin, US Bond Yields, USD, DXY, US Gold XAU, GDX, Silver XAG, Gold Stocks, Iron Ore, Copper, Uranium, Crude Oil, Natural Gas.Commodities Market Summary: Big moves across the board on Inflation data., that said, Gold could be the one that has the next long trade setup – however to call it, I […]
S&P 500 Dip Buying Today?
Image Source: Unsplash Yesterday we saw a big miss in the US CPI print which allowed the S&P 500 to move significantly higher on ‘peak Fed narrative’ hopes.Seasonax’s event feature allowed us to expect upside in the S&P 500 in the event of a miss and the same feature leads us to expect potential for dip […]
