Election Week Saw Huge Money-Market Fund Inflows, Bank Deposits Rise, Loan Volumes Shrink
Image Source: PexelsMoney market funds saw massive inflows for the second straight week (+$81.6BN), pushing the total assets under management to a new record high of $6.66TN…Source: BloombergAnd while MM funds surged, total US bank deposits dropped modestly (-$7.5BN on a seasonally-adjusted basis)…Source: BloombergThough interestingly, on a non-seasonally-adjusted basis, total deposits rose by a modest $3.7BN during the week […]
What Could Possibly Go Wrong?
Almost any way you measure it, the stock market is as overvalued today as it has ever been. Clearly, investors are not worried about the potential for inflation to prove problematic for monetary policymakers once again. Nor are they bothered by the potential that fiscal policymakers could face a more challenging situation in the near […]
Stocks And Precious Metals Charts – Risk In Equities Remains Elevated
Stocks continued to decline today, with a little more conviction. The perception of their values may be wearing a bit thin. You think?Gold and silver were holding their own with varying degrees of success. I would imagine that the open interest of the December contracts has declined quite a bit this week, as it rolls […]
Gold Miners’ Q3’24 Fundamentals
Image Source: Pixabay The major gold miners’ latest quarterly results proved epic! Thanks to record gold prices, they achieved record revenues, record bottom-line earnings, and record operating cash flows. Such amazing profits drove down gold-stock valuations to their most-undervalued levels in many years. These super-strong fundamentals combined with gold’s healthy and overdue pullback are creating excellent […]
Gold-Miners-Based RSI Says “Buy”
There’s not much going on today in the markets, with the exception of the general stock market, which finally declined after invalidating its move above 6,000. This might have a profound impact on many other markets. But… Even if stocks formed THE top here, they could easily rally in the very near term.Here’s why:In my […]
Is 2024’s Stock Market Headed For A 2018 Type Finish
Image Source: Pixabay It is starting to feel awful, like the end of 2018, with rising raises, falling earnings estimates, and liquidity draining.Running Length: 00:06:13More By This Author:A Dollar Breakout Could Lead To Equity Market CarnageRates And The Dollar Continue To Melt Up As Stocks Stall Out This Hasn’t Happened In The Stock Market Since 1980
Healthy Gold Stock Correction From Two Internal Perspectives
Image Source: Pixabay What we (NFTRH) viewed as a bullish but frothy sector – the precious metals, which had led the post-March broad rally into late October – has finally taken the haircut it needed. Or to use another turn of phrase, the precious metals correction, and especially gold stock correction, is sanitizing the sentiment and […]
Wall Street Wraps Up Volatile Week With Big Losses
Wall Street fell across the board Friday, solidifying weekly losses for all three major benchmarks. The Nasdaq and S&P 500 each logged their worst weekly performance since September, while the Dow turned in a 305-point loss and its third weekly drop in four.The post-election momentum seems to be losing steam, as investors turn their attention […]
Production Turns More Negative
Industrial and manufacturing production slid further in October, by -0.3% and -0.5% respectively. They are also down respectively -1.2% and -1.8% from their late 2022 highs: It’s a good thing I suppose that manufacturing is no longer such an important part of the American economy, because as the below graph of the past 50 years […]
S&P 500 Earnings Dashboard 24Q3 – Friday, Nov. 15
S&P 500 Aggregate Estimates and Revisions 24Q3 Y/Y earnings are expected to be 8.8%. Excluding the energy sector, the Y/Y earnings estimate is 11.4%. Of the 460 companies in the S&P 500 that have reported earnings to date for 24Q3, 76.3% reported above analyst expectations. This compares to a long-term average of 66.9%. The 24Q3 Y/Y blended revenue growth estimate is 5.3%. If the energy sector is excluded, the […]
