Category Archive: Finance, No picture
The Fed Just Delivered Some Irrational Exuberance Of Its Own
Image Source: Pexels Another Fed Day has come and gone… and what a dud. Not only has the S&P 500 fallen off its daily highs, but – big picture – the central bank has completely failed to curb inflation. That’s despite all the cheerleading they’ve done over the past, I dunno, three years.More to the point, […]
How High Could The Stock Market Go Without This Invisible Hand?
Image Source: Unsplash Invisible Hand Holding Up Stock Market for Now You might be wondering why the stock market continues to march higher when everything is against it. Interest rates are high, the economy is peaking, there’s pessimism among investors, earnings aren’t very strong, the global economy is suffering, inflation remains sticky, and so on.You see, […]
U.S. Fed Holds Policy Steady And Sticks With Three-Cut View For 2024
The Federal Reserve left the Fed funds target rate range unchanged and continues to indicate three 25bp rate cuts are the most likely path ahead for 2024. This is modestly dovish, but with growth and inflation projections revised stronger, the Fed believes that the risk is that interest rates will be higher than previously thought over […]
PIMCO: The Fed Needs More Unemployment
Image Source: Pexels Analysts at PIMCO say that for the Fed to reach its goal of lowering inflation to 2%, we need fewer people to be employed. Reduced incentives to offer raises and bonuses and less spending from the “resilient” American consumer can help cool down inflationary pressure. But there’s an elephant in the room: Why do we […]
Russell 2000 Earnings Dashboard 23Q4 – Wednesday, March 20
Image Source: Pexels Russell 2000 Aggregate Estimates and Revisions The 23Q4 Y/Y blended earnings growth estimate is -19.2%. If the energy sector is excluded, the growth rate for the index is -14.5%. Of the 1,689 companies in the Russell 2000 that have reported earnings to date for 23Q4, 54.6% reported above analyst expectations. The 23Q4 Y/Y blended revenue growth estimate is -1.4%. If the energy sector is excluded, the growth rate for […]
Grains Report – Wednesday, March 20
WHEAT General Comments: Wheat was higher again yesterday on reports of higher prices for Russian Wheat. Russia is the worlds largest exporter and sets the world price. It looks like the current prices have accounted for most or all of the bad news to hit Wheat futures. USDA made no changes to its balance sheets […]
Is S&P 500 Nearing Turning Point With Spring Equinox?
Image Source: Unsplash It is always worth keeping a close eye on the stock market price action around this time of year.18 months ago, it was the first day of fall that seemed to be a great time to buy stocks… and again this last fall. Heck, even spring of 2023 was good. But the broader point […]
Corn Is The Sleeper. The Corn & Ethanol Report
We kickoff the day with MBA 30-Year Mortgage Rate, MBA Mortgage Applications, MBA Mortgage Market Index, MBA Mortgage Refinance Index, and MBA Purchase Index at 6:00 A.M., EIA Energy Stocks at 9:30 A.m., 17-Week Bill Auction at 10:30 A.M., Fed Interest Rate Decision, FOMC Quarterly Rate Projections at 1:00 P.M., and Fed Press Conference at […]
The FTSE Finish Line: Investors On The Sidelines Ahead Of Fed And BoE Rate Decisions
Image Source: Pexels On Wednesday, London’s FTSE 100 started off lower as investors remained cautious ahead of the Federal Reserve’s decision later in the day. This was further reinforced by softer-than-expected domestic inflation data, which solidified expectations of interest rate cuts from the Bank of England this year. The FTSE 100, composed of blue chip stocks, […]
S&P 500 Earnings Dashboard 23Q4 – Wednesday, March 20
Image Source: Pexels S&P 500 Aggregate Estimates and Revisions The 23Q4 Y/Y blended earnings growth estimate is 10.1%. If the energy sector is excluded, the growth rate for the index is 13.7%. Of the 498 companies in the S&P 500 that have reported earnings to date for 23Q4, 76.1% reported above analyst expectations. This compares to a long-term average of 66%. The 23Q4 Y/Y blended revenue growth estimate is 3.7%. If the […]
