Category Archive: Finance, No picture
Big Bearish Corn Bet. The Corn & Ethanol Report
We kicked off the day with MBA 30-Year Mortgage Rate, MBA Mortgage Applications, MBA Mortgage Market Index, MBA Refinance Index, and MBA Purchase Index at 6:00 A.M., Wholesale Trade at 7:30 A.M., Wholesale Inventories MoM at 9:00 A.M., EIA Energy Stocks and NY Fed Treasury Purchases 0 to 2.25 yrs. at 9:30 A.M., 17-Week Bill […]
Can Samsara Fulfill Its Big Potential? Is There A Moat?
The movie Jurassic Park came out when I was in high school. I still vividly remember the first watch of the movie. The dinosaurs looked amazing, and the film was a fun action/comedy/horror mishmash.But the thing that struck this techno-geeks sensibilities the hardest was how high-tech the park itself was. Everything run from a small central control […]
ETH Spike Above $2.4K Triggers Double-Digit Gains For LDO, ARB, RPL
Image Source: Pixabay Ethereum (ETH) price has increased 8.5% in the past 24 hours to hit highs of $2,448 across major crypto exchanges (it rose to $2,459 on Coinbase). Against Bitcoin (BTC), the world’s second-largest cryptocurrency by market cap had risen by over 12% to 0.05392 BTC.ETH’s gains come as BTC hovered above $45,300, more than 3% […]
FTSE Floundering In The Red Again, As Sainsbury’s Fails To Impress
Image Source: DepositPhotos On Wednesday, the FTSE 100 continued its poor performance so far in 2024, edging lower by 0.25%. The blue chip index was led lower by Sainsbury’s sitting at the bottom of the FTSE 100 due to a lack of profit view upgrade. The shares of the second-biggest supermarket group in Britain, Sainsbury’s, have […]
A Big Move In Small Stocks
It has now been 50 trading days since US markets made their Q4 lows on 10/27/23. One of the more impressive rallies has been the 20%+ gain in the small-cap Russell 2000. That move ranks as the largest 50-day rally in the index since 2020 and one of only 21 periods in the index’s history […]
Apple Gets Third Downgrade In 2024, Iphone Sales Decline In China
Image courtesy of 123rf.com After Barclays and Piper Sandler, analysts at Redburn-Atlantic are the latest group to downgrade Apple’s stock (Nasdaq: AAPL) in 2024. Citing limited growth potential for iPhone and a gloomy outlook for the March quarter, the strategists trimmed the stock’s rating to Neutral from Buy. Three Downgrades in 10 Days It’s been ten days since […]
Sales Lead Employment: Real Aggregate Payrolls Update
The drought in new data ends tomorrow with consumer inflation. In preparation, let’s take a look at real aggregate payrolls.These increased by 0.2% in December, one of the lower readings in the past 2 years: On a YoY basis, aggregate nonsupervisory payrolls increased by 5.8%, compared with consumer inflation in November, which increased by 3.1%: […]
Analytical Overview Of The Main Currency Pairs – Wednesday, Jan. 10
Image Source: Pexels The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0952 Prev Close: 1.0930 % chg. over the last day: -0.20 % The Eurozone unemployment rate fell to a new low of 6.4% in November. Compared to October 2023, the number of unemployed fell by 99,000. Even though the Eurozone is going through a bad time, the year-on-year […]
Sensex Today Ends 272 Points Higher; HCL Tech & ICICI Bank Top Gainers
Photo by Jason Briscoe on Unsplash After opening the day flat, Indian share markets gained momentum as the session progressed and ended the day higher.Indian benchmark indices managed to close Wednesday’s highly volatile trade with some strength as heavyweights Reliance Ind, ICICI Bank, HDFC Bank and HCLTech lent support in the fag end.At the closing bell, […]
SPX Upleg Continuing
S&P 500 led by large cap tech and biotech benefited from the VIX crush, and bond market sentiment remained constructive. Yields certainly didn‘t continue rising, but the dollar is eyeing the Monday mentioned 103.50 at least. This would though exert more pressure on gold rather than the 500-strong index that would continue benefiting from rotations, […]
