Post-Election Markets: Inflation, Debt, And The Case For Precious Metals
Nov 21, 2024
Jeremy Parkinson
Finance, No picture
In this week’s Money Metals Midweek Memo, host Mike Maharrey examines the post-election economic landscape following Donald Trump’s victory. He discusses how the financial markets have responded, the persistence of inflation, and the challenges of monetary policy. Maharrey also underscores the importance of precious metals as a hedge against economic instability, offering insights into what lies […]
Deere & Company Beats Expectations With Q4 FY’2024 Results
Nov 21, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash Deere & Company (NYSE: DE) reported a notable decline in its financial performance for the fourth quarter of fiscal 2024, reflecting the challenges faced in the current market environment.The company posted a net income of $1.245 billion, or $4.55 per share, which marks a significant decrease from the $2.369 billion, or $8.26 per share, reported […]
NZD/USD Under Pressure Amidst USD Strength
Nov 21, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash The NZD/USD pair is trading near 0.5879, experiencing volatility as the market awaits the upcoming Reserve Bank of New Zealand (RBNZ) meeting. Expectations are leaning towards a significant rate cut, with a 50-basis-point reduction considered the baseline scenario and a 25% probability of a more aggressive 75-basis-point cut.Adding to the uncertainty are pessimistic […]
Current Report: Patterson Companies Inc.
Nov 21, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash Patterson Companies (PDCO) is a distributor and wholesaler of consumable dental products and equipment. It operates through two business segments, (1) Patterson Dental, and (2) Patterson Animal Health.It generates maximum revenue from the Animal Health segment. Geographically, it derives its revenue from the United States, the United Kingdom, and Canada. The firm derives almost […]
Gold Trading Strategy Today – Thursday, Nov. 21
Nov 21, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash Today you will see GOLD price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD. What to expect where the price will breakout for the XAUUSD based on the supply and demand zones.Video Length: 00:06:37More By This Author:Gold Trading Strategy, XAUUSD Analysis & […]
The Quiet S&P 500
Nov 21, 2024
Jeremy Parkinson
Finance, No picture
When it comes to volatility, the last two years have been very quiet ones for the S&P 500 (Index: SPX) .That realization struck us as we recently updated our volatility statistics for the index. We define “quiet” in terms of the standard deviaton of the day-to-day percentage change in the value of the S&P 500. To […]
NVDA Report Did Not Meet Investors’ Expectations
Nov 21, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash At Wednesday’s end, the Dow Jones Index (US30) rose by 0.32%. The S&P 500 Index (US500) closed at the opening price. The Nasdaq Technology Index (US100) declined 0.08%.Nvidia (NVDA) reported fiscal third-quarter results that beat Wall Street estimates, but its plans for the current quarter fell short of investors’ inflated expectations amid hot […]
FX Daily: Soft Euro Story Dominates
Nov 21, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash FX markets continue to consolidate after recent volatility, but no one wants to unwind their long dollar positions. Equally, the threat of escalation in Ukraine plus more soft European PMI numbers tomorrow is keeping the euro subdued. We can’t see this position changing today. In the EM world, look out for rate meetings in […]
Bitwise files for Solana ETF via Delaware trust
Nov 20, 2024
Jeremy Parkinson
Cryptocurrency, No picture
Key Takeaways Bitwise has filed to establish a Delaware trust for a proposed Solana ETF. The filing is part of Bitwise’s expansion strategy, including recent acquisitions and a jump in assets under management. Share this article Bitwise Asset Management has filed to establish a trust entity for its proposed Bitwise Solana ETF in Delaware—a preliminary […]
Big Drop In Home Prices Coming Next Year Plus Rising Mortgage Delinquencies
Nov 20, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash Well, the Fed has now cut its benchmark interest rate 75 basis points, and yet mortgage rates have RISEN — back up near 7% for the average 30-year fixed mortgage.This has NOT been good news for the housing market, which has been frozen transaction-wise at record levels of unaffordability for the majority of aspiring purchasers.It’s […]