The UK Labor Market Is Sending A Massive Warning To The World
Image Source: Pexels UK payrolls took a massive hit in both November AND December. While the media looks for reasons to blame, the answer instead comes from all the rest of the world. Unemployment is on the rise all over the place, with the situations in some of them going way beyond softening or weakness. More […]
Macro Briefing – Thursday, Jan. 23
The US Leading Economic Index edged lower in December, but the 6- and 12-month growth rates “were less negative, signaling fewer headwinds to US economic activity ahead”, reports the Conference Board. “Nonetheless, we expect growth momentum to remain strong to start the year and US real GDP to expand by 2.3% in 2025.”. Business inflation expectations rose to […]
Economically Clueless Trump “Will Demand Interest Rates Drop Immediately”
Speaking to an assembly of global leaders at the World Economic Forum in Davos by video, President Donald Trump says he’ll ‘demand that interest rates drop immediately’. President Donald Trump lobbed his first volley at the Federal Reserve, saying Thursday that he will apply pressure to bring down interest rates. “I’ll demand that interest rates drop […]
Grains Report – Thursday, Jan. 23
WHEAT General Comments: All three markets closed mixed to lower as the very cold weather witnessed in the US this week began to moderate Chart trends are still up. Russian and Ukrainian prices were higher and helped rally world values. Reports of weather problems in Australia also supported the world market as Australia has seen […]
Loonie Dives To 22-Year Low
Photo by Michelle Spollen on Unsplash Canada’s loonie (CAD) traded at .6939 U.S. this morning, the lowest since January 2003.Part of the weakness comes from the Canadian overnight rate at 3.25%, which is expected to be cut to 3% on January 29, 133 basis points (bps) below the current U.S. effective funds rate at 4.33%.Foreign capital flows where […]
FTSE Flip From Red To Green As Bullish Momentum Marches On
Image Source: Pexels On Thursday, U.K. stocks initially rotated within a tight range amidst subdued trading conditions as investors looked for direction following the market’s recent all-time highs. Initial reports signaling a notable downturn in sentiment within the manufacturing sector; confidence among manufacturers dropped to its lowest point in more than two years, which exerted some […]
Oracle Stock Rises On $500 Billion Stargate AI Infrastructure Project
Photo by Mohamed Nohassi on Unsplash Oracle (Nasdaq: ORCL) stock was rising this week on the news that it had formed a joint venture with Japanese investment management firm SoftBank, and AI leader OpenAI.Through this venture, called Stargate, the firms will invest $500 billion over the next 10 years to build AI data centers and other AI infrastructure.While Oracle, […]
Wolfe Research Upgrades Netflix’s Stock, Sets $1,100 Target Amid Recent Surge
Image courtesy of 123rf.com Netflix (Nasdaq: NFLX) has received a favorable upgrade from Wolfe Research, boosting its stock rating to “outperform” from “peer perform” following impressive fourth-quarter results. Analyst Peter Supino has set a new price target of $1,100 for Netflix shares, suggesting a potential increase of 15.3%. This optimistic outlook stems from Netflix’s milestone achievement of surpassing 300 […]
Technology And Energy Sectors Are In Final Stages Of The Wedge Pattern
Image Source: Pexels ETFs of technology sector (XLK) and energy sector (XLE) are trading in the final 5th wave of the wedge pattern, but there’s still space for slightly higher targets, ideally up to the upper wedge line before we will see a top formation this year. Ending diagonal a.k.a. wedge pattern is a special reversal type […]
Europe’s Running Out Of Road
You’d be forgiven for thinking that European leaders love a crisis and relish finding a way out at the last minute. But something’s changed. The continent is, again, facing extreme difficulties. But this time, it feels different and more profound. The can it’s been kicking for years is rapidly running out of road.Image Source: Pixabay Over […]
