Employment Cycle Drives Reactionary Monetary Policy
Sep 27, 2024
Jeremy Parkinson
Finance, No picture
Stock markets have soared further on soft landing hopes, just as they initially did when the U.S. Fed cut base rates by 50 basis points in January 2001 and September 2007. Other more prescient leading and coincident economic indicators warn of cause for pause.As shown below (courtesy of Jeff Weniger), the ratio of leading economic […]
Here’s Who Has Been Driving The Bitcoin Price Recovery Above $65,000
Sep 27, 2024
Jeremy Parkinson
Finance, No picture
↵Image Source: Unsplash Bitcoin is now trading above the $65,000 price level for the first time in two months, leaving the $63,000 resistance level behind. This interesting increase has seen Bitcoin increase by almost 23% from a September low of $53,400 on September 6, pushing many holders into profitability.According to Santiment, this price action has been […]
Costco Stock Drops On Mixed Earnings: Should You Buy?
Sep 27, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Pexels Costco (NASDAQ: COST) stock was trending lower on Friday after the big box retailer reported mixed results for its fiscal fourth quarter earnings.The results were solid, as revenue ticked up 1% to $79.7 billion, year over year, but it came in below estimates of $79.96 billion.Net income jumped 9% to $2.35 billion, or $5.29 […]
Stocks Commodities Interest Rates And Business Cycle
Sep 27, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash What you need to know to invest your money wisely.Video Length: 00:19:47More By This Author:Is It A Bull Or Bear Market? Business Cycle, Earnings Cycles, And The Outlook For Stocks The Outlook For Earnings, Stock Market, And The Business Cycle
China Stimulus Changes Everything (Or Does It?)
Sep 27, 2024
Jeremy Parkinson
Finance, No picture
↵Image Source: Unsplash Not content to leave it with the PBOC’s Oprah-fest of rate cutting, China’s central authorities announced what’s being called a massive stimulus push. The response has been near-euphoria in Chinese and other stocks, but the opposite in more crucial markets and places. All the more curious given how much other “stimulus” is being […]
S&P 500 Earnings Dashboard 24Q2 – Friday, Sept. 27
Sep 27, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Pexels S&P 500 Aggregate Estimates and Revisions 24Q2 Y/Y earnings are expected to be 13.2%. Excluding the energy sector, the Y/Y earnings estimate is 14.0%. Of the 499 companies in the S&P 500 that have reported earnings to date for 24Q2, 79.4% reported above analyst expectations. This compares to a long-term average of 66%. The 24Q2 Y/Y blended revenue growth estimate is 5.5%. If the energy sector is […]
Benign U.S. Inflation Allows The Fed To Focus On Jobs
Sep 27, 2024
Jeremy Parkinson
Finance, No picture
The Federal Reserve’s favoured price measure is on the correct glidepath to 2% annual inflation. This allows officials to focus more on the growth and jobs backdrop. With income growth looking tepid and households noticing a downshift in the jobs market, pricing for substantial Fed policy easing looks set to persist.Image Source: Pexels Inflation is looking […]
Crypto market will skyrocket as soon as CZ announces his return, says CryptoQuant CEO
Sep 27, 2024
Jeremy Parkinson
Cryptocurrency, No picture
Key Takeaways CryptoQuant CEO predicts market surge linked to CZ’s potential early release. Recent cryptocurrency gains may align with anticipation of CZ’s return from prison. Share this article CryptoQuant CEO Ki Young Ju predicts that as soon as Binance founder Changpeng Zhao (CZ) announces his return, the crypto market “will skyrocket.” CZ is getting out […]
Liquid restaking protocol Bedrock adopts Chainlink Proof of Reserve after $2M exploit
Sep 27, 2024
Jeremy Parkinson
Cryptocurrency, No picture
Key Takeaways Bedrock integrates Chainlink Proof of Reserve following a $2M uniBTC exploit. Chainlink’s platform supports over $15 trillion in transactions, enhancing Bedrock’s security layers. Share this article Bedrock, a multi-asset liquid staking protocol, is adopting Chainlink Proof of Reserve (PoR) to enhance its minting function’s security after the protocol was hit by a security […]
SP500 & US500 Daily Trade Plan – Friday, September 27
Sep 27, 2024
Jeremy Parkinson
Finance, No picture
In this update we review the recent price action in the emini SP500 futures contract and identify a trade plan and price objectives for the trading session ahead.Video Length: 00:06:41More By This Author:FTSE Fades Into The Close After Another Early China Stimulus Sugar RushFTSE Hovers Around The Flatline As China Stimulus Sugar High Subsides DXY […]