Category Archive: Finance, No picture
Stocks And Precious Metals Charts – Illusions Fade
Stocks were clobbered again today, as the markets were led lower by the broader market as shown in the Russell 2000.The Dollar advanced a bit as the ongoing story of a soft landing with imminent rate cuts galore continues to fall apart.Gold and silver were slightly lower.VIX rose a bit.Rough seas ahead as illusions fade.Have […]
Micro Marvel – First United – Maryland Based Banking
MicroMarvel is a series of articles highlighting undercovered stock with less than a billion dollars Market Capitalization. These articles are not intended to be buy recommendations. They highlight stocks that may have limited trading volume and may be highly volatile so if you do decide to add them to your portfolio I highly recommend you […]
A Whole Lot Of Nothing At The Surface
The S&P 500 is still within 2% of its record closing high reached exactly two years ago today, but beneath the surface, there have been some big moves. The chart below shows a distribution of two-year returns for every S&P 500 stock that is currently in the index, and while there have been some big […]
Are Junk Bonds Starting To Weaken? Stock Bulls Hope Not
Several risk on indicators surged higher into year-end, such as small-cap stocks and junk bonds.And as we typically see, this coincided with a big year-end stock market rally.Today, we take a look at the Junk Bonds ETF (JNK) to see if this is sustainable into Q1 of 2024.Above is a weekly chart of the JNK. As you […]
Gasoline Prices Thru January 3
Image Source: Pixabay From GasBuddy:Source: GasBuddy accessed 1/3/2024. Red line at expanded Russian invasion of Ukraine, just to irritate JohnH.In my book, a little too early to declare the “viberecession” over (as per this article), but still, something that should be remarked upon. The price is the same as mid-2021.Since the core CPI (chained) is about 11% higher than […]
Recession Watch: Slightly Lower Interest Rates Will Make Zero Difference
Image source: Pixabay GDP is still growing, home prices are still high, and the unemployment rate is still low. But under the surface, the bad numbers just keep coming: U.S. manufacturing sector shrinks for 14th straight month in December (MarketWatch) – The new-orders index fell 1.2 percentage points to 47.1 in December (below 50 indicates contraction). […]
AgMaster Report – Wednesday, Jan. 3
MAR BEANS The lengthy 3-day holiday W/E brought more rain than expected to N Brazil – resulting in a gap-lower opening & a solid down-day – bringing Mar Futures to the lowest levels since late June! Today, the mkt in familiar “turnaround Tuesday” fashion, has reversed course – indicating the down may have been overdone […]
How The December Fed Minutes Influenced Rate Cut Odds For 2024
Image from CME Fedwatch, annotations by MishThe Fed Minutes suggest rate hikes are over but there is no hint of rate cut timing.Three Key Paragraphs In discussing the policy outlook, participants viewed the policy rate as likely at or near its peak for this tightening cycle, though they noted that the actual policy path will depend on how the […]
ISM Manufacturing Index Remains In Contraction
The ISM manufacturing index, where any value below 50 indicates contraction, once again came in negative for both the total index, at 47.4, and the more leading new orders subindex, at 47.1. Both have been indicating contraction for more than a year: Which begs the question. Because, despite a nearly flawless 75 year history as […]
Exxon Stock Downgraded Ahead Of Earnings
Image Source: Unsplash Exxon Mobil Corp (NYSE: XOM) has gained about 5.0% over the past three weeks but a Mizuho analyst says it’s time to stop buying this energy stock. Exxon stock lost its buy rating at Mizuho Nitin Kumar downgraded the oil and gas behemoth this morning to “neutral” and lowered his price target to $117.The analyst […]
