Sizzling Silver
My persistent bullishness toward silver is stronger than ever, and the long-term chart looks sensational. Short-term, however, there’s an important task at hand. There are some nettlesome gaps in precious metals that need to be conquered first. For the gold ETF, we need to push above 252.41: As for silver itself, which is my own position, 29.69 is […]
The CPI Rises 0.3 Percent In November, Rate Cut Odds Jump Anyway
Data from BLS, Chart by Mish CPI Month-Over-Month Details The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent on a seasonally adjusted basis. The index for shelter rose 0.3 percent. Rent of primary residence rose 0.2 percent and owners’ equivalent rent was up 0.2 percent. The food at home index increased 0.5 […]
Top Stocks Trouble? This Market Disparity Could Trigger A Major Headache
Image Source: Pexels Dangerous Imbalance Could Take Stock Market Down It’s no secret: the stock market is doing very well right now. As we near the end of the year, key indices like the Nasdaq-100 are up close to 28%, people are loving those top stocks, and momentum is extremely strong, suggesting that there could be […]
Stellar 10Y Auction Has Highest Bid To Cover Since 2016 Amid Surge In Demand
After yesterday’s solid 3Y auction, the market considered the results briefly, pushed yields lower for about a basis point and then saw the recent move wider in yields extend overnight, with some wondering if yesterday’s auction success would be repeated in today’s sale of $39BN in 10Y notes (specifically a reopening of 9Year-11Month cusip CLW9). […]
November Consumer Inflation Remains Well-Contained Except For Shelter And Transportation Services
Let me pick up where I left off yesterday discussing trends in consumer prices.One thing I have done every month for the last couple of years is to review all the categories for any “hot” numbers showing price increases of 4.0% a year or more. And a propos of yesterday, as of this morning we […]
FTSE Reverses From Two-Week Low On U.S. Inflation As Fed Rate Move Locked
Image Source: Pexels The FTSE 100, the UK’s main stock index, dropped to a two-week low on Wednesday as Ashtead continued to decline, while investors cheered U.S. inflation figures that solidified the Federal Reserve’s decision to cut rates in December. The UK benchmark reversed early losses to trade higher on the session, gaining over 0.5%. Precious metal […]
Another 50bp Bank Of Canada Cut, But Smaller Moves Lie Ahead
The Bank of Canada cut its policy interest rate 50bp at a second meeting in a row. Inflation is already at target, growth is disappointing and excess supply in the economy is growing. This will justify further rate cuts ahead but at a slower pace in 2025, having already loosened policy by 175bp since June.Photo by Michelle Spollen on Unsplash […]
Inflation Remains A Problem
The consumer price index (CPI) increased +0.3% in November, the highest monthly increase in the last 6 months. Although it was right in line with what the street was already expecting. Prices are up +2.7% over the last 12 months, up from the +2.6% pace of price increases for the 12 months ending in October. […]
Nasdaq Jumps 300 Points To Record Highs
Stocks are higher this afternoon, after this morning’s highly-anticipated CPI report met expectations. The Nasdaq Composite (IXIC) is up 300 points with help from a few heavy-hitting tech stocks, hitting record highs as it heads for its largest single-day percentage gain since early November. The S&P 500 Index (SPX) and Dow Jones Industrial Average (DJI) are modestly […]
Netflix Stock Hits Record High As JPMorgan Raises Price Target To $1,010
Image courtesy of 123rf.com Netflix (Nasdaq: NFLX) has recently captured the attention of investors and analysts alike, as its stock achieved a new peak this week. JPMorgan has responded to this upward trend by raising its price target for the streaming giant, signaling strong confidence in Netflix’s future performance.The bank maintained its “overweight” rating, reflecting optimism […]
