Category Archive: Finance, No picture
Two Trades To Watch: FTSE, EUR/USD Forecast – Tuesday, April 23
Image Source: Unsplash FTSE rises to a record high as the GBP struggles around a 5-month low Rate cut optimism lifts FTSE & pulls GBP lower UK services PMI data expected at 53 vs 53.1 in March FTSE rose to an all-time high The FTSE has risen to a fresh record high, boosted by weakness in […]
DXYZ: An Old Form Of Ignorance
Image Source: Unsplash Many investors are bullish, or not fearful, of the future of stock returns. At Smead Capital Management, we continue to explain to our investors how poor the outcomes will be. Some ask when this view will change. To quote Keynes, “When the facts change, I change my mind. What do you do, sir?” […]
FX Daily: Sterling Makes Its Move
Image Source: Unsplash Sterling has seen some noticeable underperformance after dovish comments from MPC internal members. We’ve also just had some comments from the ECB hinting that its policy moves may not be as independent of the Fed after all. Today, we’ll be focusing on any modest improvement in the eurozone PMIs. Over in Hungary, a slower pace […]
Airliner Earnings: What Can Investors Expect?
Image Source: UnsplashWe have entered the heart of the 2024 Q1 earnings cycle with a notably stacked earnings schedule on deck for this week. The period has primarily been positive so far, with the big banks’ results not causing any spooks.This week, we’ll hear from American Airlines (AAL – Free Report) and Southwest Airlines (LUV – Free Report). What can […]
Stocks Rally As Rates Stall Ahead Of Treasury Auctions And Data Dump
Image Source: PexelsStocks rallied today as bond yields stalled, the dollar weakened, and spreads narrowed. The rally came after six straight days of losses and wasn’t very impressive. After climbing around 1.4%, the S&P 500 gave back a bunch of the gains starting around 2:30 PM ET to finish up only 87 bps.What seems interesting on […]
S&P 500 & Nasdaq 100 Elliott Wave Update: Monday, April 22
Image Source: UnsplashDaily update for the ES and NQ — both markets saw initial weakness or follow-through from last week. With support holding and the markets beginning to rise. I update the labeling in both markets as well as the Fibonacci support and resistance. I also discuss the 2 preferred counts I am currently running side […]
Current Analysis: Deutsche Bank
Image Source: UnsplashSince July 2019, Deutsche Bank (DB) has been restructuring to revitalize revenue, reduce costs, and return to profitability. The largest moving pieces of that plan were (1) a full exit from global equity sales & trading, (2) scaling back fixed income business, and (3) including 18,000 employee reductions as of 2022.The remaining core business […]
Gold Slides As Middle East Tensions Abate, Ahead Of US PCE Data
Image Source: Unsplash Gold retracts sharply from recent highs, influenced by reduced geopolitical risks and a strengthening US Dollar. Fed officials, including Chairman Powell, maintain a hawkish stance on interest rates, pressuring Gold prices. Market sentiment shifts as expectations for Federal Reserve rate cuts are adjusted to a later timeline. Gold prices plummet sharply and retrace last […]
Gold Hammered As Short-Squeeze Saves Stocks Ahead Of Micro/Macro Storm This Week
Image Source: UnsplashThe “calm before the storm” of earnings and big macro this week (and no WW3 this weekend) was all the algos needed to ramp stocks during the US cash session after being reminded that the buyback-blackout period is almost over… And S&P HOD as algos start frontrunning the buybacks https://t.co/DfjpdZO1pS — zerohedge (@zerohedge) April 22, […]
Tesla Price Sequel
Image Source: PexelsI put together an analog for Tesla (TSLA, if you honestly have to ask) which I think you might like. The stock is worth about one-third of its peak value. I’ve tinted the chunks of the analog for the past several years. We’re in the “grey zone” right now, and the real question is how much of its past behavior will be […]
