Category Archive: Finance, No picture
Has American Economic Output Been In Decline Since 2022?
Image Source: PexelsThis is the premise of a new paper by Peter St. Onge and EJ Antoni. I have been trying to find a deflator that can yield that US GDP in 2024Q2 is 2.5% below 2019Q1 levels. Based on their discussion in their paper, as well as a video by Dr. St. Onge, I have tried calculating a consumption […]
Asia Morning Bites For Friday, Oct 18
Image Source: Unsplash Global Macro and Markets Global Markets: US Treasury yields headed higher in a curve-steepening move that may have had as much to do with the re-imposition of “Trump trades” than anything macro or Fed-related. That said, there was some solid US retail sales data to consider (see also below). https://think.ing.com/snaps/solid-us-spending-points-to-cautious-cuts/ 10Y yields rose 7.8bp […]
The List Of Bearish Technical Patterns In The Market Grows
Image Source: PexelsToday was one of those mornings when I was having a peaceful sleep. My wife even let me sleep in late (7 AM), not waking me to help get the kids out the door. Of course, when I realized what time it was, I realized that Taiwan Semi had already released its results. After […]
2 Finance Stocks To Buy After Q3 Earnings: PGR & PNC
Image Source: PexelsInsurance giant Progressive Corporation (PGR – Free Report) and banking leader PNC Financial Services Group (PNC – Free Report) are two top-rated finance stocks to consider after exceeding their Q3 top and bottom line expectations on Tuesday.Here’s a brief review of their Q3 reports and a look at why now is still a good time to buy Progressive shares which […]
Netflix, Intuitive Beat Q3 Earnings Easily
Image Source: UnsplashMarkets cooled off today, quickly dropping shortly after the opening bell this morning. In fact, the small-cap Russell 2000, which outshone the major indexes yesterday, fell into negative territory early and stayed there virtually all session. Among the four major indexes, it’s hard to get flatter than this: the Dow was up +162 points, […]
A Surge In US R&D Spending
Image Source: PexelsFrom a conceptual point of view, the economics of research and development is the opposite of pollution. When a private party carries out an economic activity that leads to pollution, the private party gets the economic benefit, but the broader society bears the costs (in the jargon, a “negative externality”). However, when a private […]
Hang Seng Gap
Image Source: PexelsWe are awfully close to that price gap on the Hang Seng Index. Will this be the end of the China sell-off?More By This Author:Index SignsShorting Dell: It’s All About The Price Gap Next Test For China
Nasdaq 100 & S&P 500 Elliott Wave Update – Thursday, Oct 17
Image Source: UnsplashThe markets continue to work through what I’m still looking at as minute 4th waves within an ongoing Minor 5th wave. I updated the labeling, reviewed the moves, and included updated Fibonacci levels. My expectations remain for the Minor 5th waves to in turn complete Intermediate 3rd waves and lead to a larger/ deeper […]
Netflix Stock Jumps After Beating Across The Board, Adding 5 Million New Subs
Image Source: Unsplash Lots of eyes into NFLX earnings tonight, not only because it is the first “tech” company reporting, but because its stock has underperformed as of late post a big run YTD. According to Goldman, investors are looking for ~6mn subs in quarter, upside to FY FCF guide of ~6bn and then a revenue guide […]
TSMC May Pose A Long-term Threat To U.S.: Here’s Why
Image Source: Unsplash Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM) confirmed that artificial intelligence is far from being a bubble as it reported strong third-quarter earnings and raised its revenue outlook for the full year.The company continues to leverage its dominant position in global chip production, maintaining resilience even as peers like ASML warn of weakening demand.While TSMC’s […]
