Category Archive: Finance, No picture
Baltimore Bridge Collapse Has East Coast Ports On Alert For Cargo Diversions
US Transportation Secretary Pete Buttigieg told CBS’s Face the Nation on Sunday that there is no timeline on when salvage crews in Baltimore, Maryland, will clear the critical shipping channel blocked by the wreckage of the collapsed Francis Scott Key Bridge. He said it’s important “to our national supply chains to get that port back up and […]
Assessing The Fallout Of The Baltimore Bridge Collapse On The Energy Market
The recent collapse of the Francis Scott Key Bridge into the Patapsco River on March 26 has caused a temporary halt to all shipping traffic from the Port of Baltimore. A reader recently asked me how this might impact the energy markets. Pixabay First, the closure should have minimal impact on the transportation of more commonly used […]
Nio Deliveries Tank 40% In Q1: Former MI6 Chief Says Chinese EVs A ‘Serious Problem’
All eyes are on Nio Inc (NYSE: NIO) today after it reported a rather huge 40% sequential decline in deliveries for its first quarter. Nio delivered over 30,000 vehicles in Q1The EV firm based out of Shanghai, China delivered 30,053 vehicles in total that translates to a 3.0% decline versus the same quarter last year.$NIO did, however, […]
Oil Rises Ahead Of This Week’s Opec+ Meeting. Inflation Is Rising In Indonesia
At the end of last trading week, the Dow Jones Index (US30) was up 0.08%, while the S&P 500 Index (US500) was up 0.23%. The NASDAQ Technology Index (US100) closed negative 0.05%.The dollar index settled at 104.5 in post-holiday trading on Monday. Investors are digesting the latest PCE Price Index report, searching for clues about the Federal Reserve’s future monetary policy. Data released […]
Major Asset Classes Performance Review – March 2024
The rally in global assets broadened in March, lifting nearly every slice of the major asset classes. The downside outlier: bonds in emerging markets. Otherwise, last month delivered a clean sweep of gains, based on a set of ETFs.UnsplashGlobal real estate ex-US (VNQI) topped the long list of winners in March, rising 4.7%. The strong […]
Bullish Evidence Builds…
In this week’s Dirty Dozen [CHART PACK] we share more long-term confirming bullish signals for risk-assets, we update the case to stay long and be buying here, we cover the bullish signal in BTCUSD, and end with a look at precious metals and a stupidly cheap gold miner with rare earth optionality, plus more… Pexels “Consistently profitable commodity […]
S&P 500 Closes Its Best Quarter Since 2019 At Record High
The S&P 500 (SPX) closed out its best quarter since 2019 at a new record high of 5,254.35.UnsplashThe index has risen by just over 10% in value since 2023-Q4 ended, largely propelled by expectations the Federal Reserve would be cutting interest rates in 2024. That rise could have been even larger if the Federal Reserve had not doused […]
Essentially Sideways In March, Nasdaq 100 In Search Of Catalyst
Although it rose 1.2 percent, the Nasdaq 100 essentially went sideways in March. This also offers tech bulls an opportunity to force another breakout. Catalysts are needed.UnsplashThere is, however, a month to go before the leading tech companies report their calendar first quarter. Amidst this, non-commercials last week went net short Nasdaq (mini) futures.Last month, […]
McDonalds: Inking A Deal With Krispy Kreme To Boost Breakfast Business
The American eater can’t be stopped. Some of the best-performing stocks in history have come from the food and beverage sector, with McDonald’s Corp. (MCD) being one of the most prominent, highlights. Unsplash The burger giant was back in the news this week for a slightly different reason. It’s raising the stakes in the fast-food breakfast wars by becoming Krispy […]
Asia Morning Bites – Monday, April 1
China s manufacturing PMI hits a 12-month high, Japan s Tankan for non-manufacturing advances smartly, and Korea trade gains on strong chip exports. Pixabay Global Macro and Markets Global Markets: Major markets are closed for the Easter holidays. G-7 Macro: US headline PCE inflation rose 0.3% month-on-month (seasonally adjusted) in February (vs 0.5% in January, 0.4% market consensus). Both headline […]
