Category Archive: Finance, No picture
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 […]
GBPJPY May Face Resistance Soon
Image Source: Unsplash GBPJPY is in a strong bullish phase, but looking at the daily chart, we can see pair trading at new highs for the final wave 5 of (5) of 3 that can target 193-195 area. Based on the current Elliott wave cycle from 2023 lows, we still think that pair will come lower […]
Signs Of A Continuing Recovery Emerge For Polish Manufacturing
Image Source: Pexels Recovery in the Polish industry is progressing, with the outlook of stronger domestic demand and signs of recovery from the German industry laying the groundwork for further improvement.The Polish industry is recovering from stagnation. In February, industrial production expanded by 3.3% year-on-year, above the consensus of 2.4%. The figures for January were also […]
EUR/USD Tests 200-Day Average Ahead Of FOMC
Image Source: Unsplash The FOMC day finally arrives, and all the attention will turn to the Fed’s latest economic projections and Powell’s press conference. Major currency pairs like the EUR/USD, gold and indices will be in focus. But the biggest moves in FX so far this week has been concentrated in the yen pairs as the […]
Nvidia Predicts Artificial General Intelligence In Five Years: Recap Of Nvidia GTC Conference Day Two
After a landmark first day at #GTC2024, conference attendees got into the meat of Nvidia’s (NVDA) hundreds of talks, workshops and sessions on Tuesday 19th.Among the highlights of the day were Microsoft GenAI vice president Sébastien Bubeck discussing Large language models (LLMs) versus smaller models, and a spotlight on how healthcare is embracing generative AI […]
The Federal Reserve Interest Rate Projections Are Not Working Like People Think
The Federal Reserve has an FOMC meeting tomorrow and there are stories out already saying what they are likely to do. Everyone gets obsessed about how the Fed may change its FOMC statement and its predictions on how many rate cuts it may make when it does eventually lower interest rates. I believe that none […]
General Mills Exceeds Expectations With $5.1 Billion In Q3 Revenue
Image Source: Unsplash General Mills, Inc. (NYSE: GIS) has recently divulged its fiscal 2024 third-quarter results, reflecting a mixed bag of financial health. Amidst an increasingly challenging market landscape, this report provides a deep dive into the company’s quarterly performance, expectations analysis, and forward-looking guidance. General Mills Reports 1% Drop in Net Sales, Clocking in at $5.1 […]
